Peter Schiff talks about the effects of Obama on economy

[McDanger]

But their labor goes to make the rich richer while they hardly ever see a raise for their work.

You changed your argument from taxes to labor.
Most of the poor do not stay that way. And the number one cause of poverty in this country is single parent households. Having kids you cannot afford is the #1 way to guarantee you will be poor, and stay that way.

[maladroit]

poor people pay federal tax on everything they buy because farmers, stores, and corporations charge the full amount of their federal taxes to the consumer

[GoldenBoy812]

Like I said before, Ron Paul probably would not have been corrupted. They would have gone around him somehow.

Highly unlikely. Instead, republicans would rather keep him from power than give the country back some of its power.

The Fed doesn't have to answer to Congress, only the chairman does, and for all we know he's just a monkey boy for the board of directors.

All governors are chosen by the president, and affirmed by the senate. They cannot be removed once elected until 14 years, or they decide to quit or die.

Before 1913, corporations weren't the size they are now. Capitalism is not a sustainable model without some sort of regulation at least to keep monopolies from forming.

Agreed! True monopolies are not a part of capitalism as they dissolve of competition.

[GoldenBoy812]

poor people pay federal tax on everything they buy because farmers, stores, and corporations charge the full amount of their federal taxes to the consumer

All autonomous spending is passed on to the consumer. The poor make up only a portion of the total consumer market. The middle class gets hit the hardest...

[jonquest]

poor people pay federal tax on everything they buy because farmers, stores, and corporations charge the full amount of their federal taxes to the consumer

kind of like how businesses add their taxes onto their consumers? the taxes that obama wants to increase.

[GoldenBoy812]

kind of like how businesses add their taxes onto their consumers? the taxes that obama wants to increase.

He also wants to decrease your taxes (assuming you have a payroll income under $150,000).

Something Bush forgot during his time at Yale; the balance budget multiplier.

[JakeMartinez]

Highly unlikely. Instead, republicans would rather keep him from power than give the country back some of its power.



All governors are chosen by the president, and affirmed by the senate. They cannot be removed once elected until 14 years, or they decide to quit or die.



Agreed! True monopolies are not a part of capitalism as they dissolve of competition.

Holy shit! WE AGREED ON SOMETHING!

I did not know that about the governors. I though the Chairman was the only one that was picked by the president. Even so, the money made by the Fed should go to US, the fucking TAXPAYERS, not the banks that are allowed to hold shares in it.

And that's why I said Ron Paul would probably never get elected. Even if he was the best choice of the three, he was against the banks. That's the one industry you don't fuck with if you hope to hold political office.

[jonquest]

He also wants to decrease your taxes (assuming you have a payroll income under $150,000).

Something Bush forgot during his time at Yale; the balance budget multiplier.

Obama's reduction in my taxes is far from the kind of reduction I'd like to see.

[jonquest]

And that's why I said Ron Paul would probably never get elected. Even if he was the best choice of the three, he was against the banks. That's the one industry you don't fuck with if you hope to hold political office.

Perhaps we should start to move towards what is right and not what is politically acceptable.

[JakeMartinez]

Perhaps we should start to move towards what is right and not what is politically acceptable.

Of course...so how do you take care of the banks if they have a stranglehold on politics?

...

Maybe let them destroy the system due to their own indiscretion???