Income tax was that high to fund wars, from WWI to Vietnam. Do you think there was no prosperity in USA before federal income tax was created in 1913? In most Europeans countries, even the most "socialist" ones, it is below 50%
Hes an incredibly intelligent person so honestly hes a bit hard to grasp. I had to listen to it a couple times to get what i think he was saying. It sounded like he was saying if raise the deficit and look outside the country to finance it our dollar wont be worth crap. We need to finance it within the country to avoid it which ofcorse appears hes in support of paying for it with our own money/taxes.
pfft.. i understood it the first time i heard it.. ron paul and his economists had been saying this decades ago although i only just got a chance to listen to it last year.
and no i'm not giving credit to buffet he's made investments contradictory to his own advise.. all of a sudden he's on ron paul's inflation bandwagon warning against the value of the us dollar.. so what was all the previous months of cheering on cnbc for government policy about?
yes exactly tecnohunk, all of a sudden he thinks he's doing some kind of correct analysis irrelevant to all his earlier investment/political decisions.
Reagan's economic policies heralded a vast expansion in GDP and household wealth. Your mythology is broken, and it includes a specious contrivance, at best, not a perspective.
As for Obama's FDR-redux, only Marxists are stuck on Keynes. The first time around, such insanity kept America mired in a decade-long depression. Democrats are giddy for a repeat, but my opening line was satirical.
He speaks now because he wants to make himself look smart and, therefore, trustworthy. This is a very calculated move on his part (I'm sure he already knows how he's going to benefit from it).
Above all, it shows how eminent inflation really is.
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xaviqaz 2 years ago
Income tax was that high to fund wars, from WWI to Vietnam. Do you think there was no prosperity in USA before federal income tax was created in 1913? In most Europeans countries, even the most "socialist" ones, it is below 50%
xaviqaz 2 years ago
6 dollar investments?
eightbitgnosis 2 years ago
eightbitgnosis: fixed dollar investments
sliqer 2 years ago
LoL, my bad. Thanks
eightbitgnosis 2 years ago
HE better not be complaining because he supported Obama!
tecnohunk 2 years ago
Hes an incredibly intelligent person so honestly hes a bit hard to grasp. I had to listen to it a couple times to get what i think he was saying. It sounded like he was saying if raise the deficit and look outside the country to finance it our dollar wont be worth crap. We need to finance it within the country to avoid it which ofcorse appears hes in support of paying for it with our own money/taxes.
grudgekeeper 2 years ago
pfft.. i understood it the first time i heard it.. ron paul and his economists had been saying this decades ago although i only just got a chance to listen to it last year.
spyletu 2 years ago
and no i'm not giving credit to buffet he's made investments contradictory to his own advise.. all of a sudden he's on ron paul's inflation bandwagon warning against the value of the us dollar.. so what was all the previous months of cheering on cnbc for government policy about?
spyletu 2 years ago
yes exactly tecnohunk, all of a sudden he thinks he's doing some kind of correct analysis irrelevant to all his earlier investment/political decisions.
spyletu 2 years ago
Reagan's economic policies heralded a vast expansion in GDP and household wealth. Your mythology is broken, and it includes a specious contrivance, at best, not a perspective.
As for Obama's FDR-redux, only Marxists are stuck on Keynes. The first time around, such insanity kept America mired in a decade-long depression. Democrats are giddy for a repeat, but my opening line was satirical.
TylerNull 2 years ago
Good. Let USA fail.
y2knoproblem 2 years ago
Good thing we have government to spend us out debt and tax us into prosperity.
It's odd how all the richest billionaires are Democrat, while the Republicans get smeared as the party of rich white people.
TylerNull 2 years ago
Hyper-billionaires are Democrats (Buffet, Page, Gates...)
New Rich millionaires are Republicans
Urban middle/high classes are Democrats
Rural low/middle classes are Republicans.
xaviqaz 2 years ago
He speaks now because he wants to make himself look smart and, therefore, trustworthy. This is a very calculated move on his part (I'm sure he already knows how he's going to benefit from it).
Above all, it shows how eminent inflation really is.
germana00 2 years ago