it is a big trick to vote taxes up for the rich- as the money inflates the lower income people will be "inflated" into the higher bracket.. If there is hyper inflation it will happen quickly, perhaps when you go to vote for taxing the rich, by the time you get home you will be in that higher bracket. Taxes are a mute point, if they raise or lower taxes the revenues change very little..
Technical problem though with how tax brackets work. If someone makes a million dollars with the highest tax bracket being 90%, uncle sam does not take 900G. The first part of your income gets the first bracket rate (e.g. first 10G taxed at 5%), then the income between the first and second brackets gets taxed the second bracket rate (e.g. next 10G at 10%), and so on. That is why making one more dollar cannot hurt someone by pushing them into the next tax bracket. Still extremely high
You were kind of against Alex jones claims in another video which I can understand, but not the claims you are trying to debate. Sustainability is one thing but how does Obama expect to bring in cleaner technology, to really evolve the nation, any time soon with all these expenses just to sustain. Business are struggling alone, while he is bailing out already wealthy companies that got in trouble like AIG and the auto industries, and funding the war. Not much going to long term solutions.
@luc59457 We are able to pollute far less and save money at the same time and that's one of the key points for ones who don't believe in human assisted global warming, whether true or not, there's more criteria to advancing our technology than that.
@luc59457 Im no fail of the bailouts, thats for sure-- (have a video on that too) - I dont really claim that the Pres has the answers either- dont get me wrong about Jones, he makes good points just could have used more substance in that video
@BruceFenton Jones is an idiot with no credibility at all. No doubt that some of what he says is true, but who the hell wants to look up everything somebody says because you can't trust them?
I should take that back about now...I realise its not just Americas fault..its the world, bringing ourself into debt, then makes us spend less, which then leads to companies failing due to loss in purchases, then loss in jobs...so on and so on
MONEY TO THE PEOPLE...... screw giving the bail out money to ANY Wall Street Co - Give the people the money, as they spend it it will fix economy, stop forclosures, get america out of debt, etc.
PLEASE join my protest to the Bail out and answer 1 question on camera: "How would you spend $297,000 dollars?" - That is the amount of BAIL OUT money given to the people....C'MON AMERICA, JOIN US IN TELLING THE GOV HOW WE COULD FIX THIS ECONOMY!....... The Fight Isnt Over YET!!
Great find, Bruce!!!!! And we have to add sales tax, phone tax, etc.. We will be living in handcuffs for a long time. I want to figure out which country is the best to move to...
Might as well increase interest rates to encourage private saving and give those savings to the private sector to invest in wealth creating assets. There's still alot of amazing science going on in the US - opportunities for business creation
You are so right - but more: Add in the market has lost 50% of it's value (back to 1997 levels) ; but loss is even greater when you consider the purchasing power of that money now - you can't compare 1997 purchasing power to today, so the loss in value is more like 75%. People who expected to retire on their stocks and interest will now have to sell stocks to meet their yearly income needs. The downward pressure on the stock market will be enormous over the next 2 decades - bad times ahead!
it is a big trick to vote taxes up for the rich- as the money inflates the lower income people will be "inflated" into the higher bracket.. If there is hyper inflation it will happen quickly, perhaps when you go to vote for taxing the rich, by the time you get home you will be in that higher bracket. Taxes are a mute point, if they raise or lower taxes the revenues change very little..
captkirkconnell 1 year ago
like video,
Technical problem though with how tax brackets work. If someone makes a million dollars with the highest tax bracket being 90%, uncle sam does not take 900G. The first part of your income gets the first bracket rate (e.g. first 10G taxed at 5%), then the income between the first and second brackets gets taxed the second bracket rate (e.g. next 10G at 10%), and so on. That is why making one more dollar cannot hurt someone by pushing them into the next tax bracket. Still extremely high
SherwiniusMaximus 1 year ago
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SherwiniusMaximus 1 year ago
Comment removed
SherwiniusMaximus 1 year ago
You are an average idiot.
thumber56 1 year ago
@thumber56 you must be one of those people who thinks the economy is just peachy
BruceFenton 1 year ago
You look like a young dan akroyd
Good video
jimmy10fingers 1 year ago
Your right but your also all left brain sadly. Doesn't do any good whatsoever.
MikeGoGettersVLOG 1 year ago
You were kind of against Alex jones claims in another video which I can understand, but not the claims you are trying to debate. Sustainability is one thing but how does Obama expect to bring in cleaner technology, to really evolve the nation, any time soon with all these expenses just to sustain. Business are struggling alone, while he is bailing out already wealthy companies that got in trouble like AIG and the auto industries, and funding the war. Not much going to long term solutions.
luc59457 1 year ago
@luc59457 long term solutions like cleaner sources of energy and transportation that can save money and unnecessary emissions.
luc59457 1 year ago
@luc59457 We are able to pollute far less and save money at the same time and that's one of the key points for ones who don't believe in human assisted global warming, whether true or not, there's more criteria to advancing our technology than that.
luc59457 1 year ago
@luc59457 Im no fail of the bailouts, thats for sure-- (have a video on that too) - I dont really claim that the Pres has the answers either- dont get me wrong about Jones, he makes good points just could have used more substance in that video
BruceFenton 1 year ago
@BruceFenton Jones is an idiot with no credibility at all. No doubt that some of what he says is true, but who the hell wants to look up everything somebody says because you can't trust them?
christo930 1 year ago
Just put all your savings into Gold coins, withdraw it from the banks and buy gold coins.
Fiat currencies is going to get inflated massively by western governments to diminish the value of their national debts.
GOLD
buffett1000 1 year ago
your a prick and i dont like u, i dont like ur voice, your face, your attitude, everything about u pls stop posting crap
06033970 1 year ago
@06033970 dont be shy, tell me how you really feel :)
BruceFenton 1 year ago
@cleareyes1984 wow thank you
BruceFenton 1 year ago
MONEY IS NOT THE ANSWER TO THE WORLDS PROBLEM'S.
CAUSE MONEY IS THE PROBLEM.
We have allowed ourselves to get screw into debt by this money system.
The people gave up their Freedom for money.
coolrayfruge 2 years ago
hehe....its all working out as planned
Gunnarsguns 2 years ago
I should take that back about now...I realise its not just Americas fault..its the world, bringing ourself into debt, then makes us spend less, which then leads to companies failing due to loss in purchases, then loss in jobs...so on and so on
Ndogg012 2 years ago
Hey, it is better then a swedish author who had to pay 102 %, somewhere in the 70's..
Anarkokommunist 2 years ago
Comment removed
TheRevolution1988 2 years ago
This has been flagged as spam show
MONEY TO THE PEOPLE...... screw giving the bail out money to ANY Wall Street Co - Give the people the money, as they spend it it will fix economy, stop forclosures, get america out of debt, etc.
PLEASE join my protest to the Bail out and answer 1 question on camera: "How would you spend $297,000 dollars?" - That is the amount of BAIL OUT money given to the people....C'MON AMERICA, JOIN US IN TELLING THE GOV HOW WE COULD FIX THIS ECONOMY!....... The Fight Isnt Over YET!!
BAILOUTMONEY 3 years ago
94% jesus christ
devv1989 3 years ago
???
euro106 3 years ago
Scarey stuff.
Tvdhakla 3 years ago
Great find, Bruce!!!!! And we have to add sales tax, phone tax, etc.. We will be living in handcuffs for a long time. I want to figure out which country is the best to move to...
BlueSkies360 3 years ago
It's Americas fault, your all greedy dip shits...you all know its true so don't hate.
Ndogg012 3 years ago
Might as well increase interest rates to encourage private saving and give those savings to the private sector to invest in wealth creating assets. There's still alot of amazing science going on in the US - opportunities for business creation
cpswyl2 3 years ago
Very smart !!!
America is doomed !!!
oceanbound222 3 years ago
I foresee America drying up on entrepreneurs
cookeladoo 3 years ago
You are so right - but more: Add in the market has lost 50% of it's value (back to 1997 levels) ; but loss is even greater when you consider the purchasing power of that money now - you can't compare 1997 purchasing power to today, so the loss in value is more like 75%. People who expected to retire on their stocks and interest will now have to sell stocks to meet their yearly income needs. The downward pressure on the stock market will be enormous over the next 2 decades - bad times ahead!
bsaorders 3 years ago