August 31, 2010
The elimination of corporate income tax will lead to a new form of capitalism that is good for all parties, the wealthy, the poor and everybody between.
To get there we should immediately double the income taxes for the 1% of the richest elite in the USA, and to remedy we must eliminate the corporate income tax! At the end this is a zero sum game for this 1% of the richest elite.
Let's look a little deeper into this! The GOP claims that the rich would leave the country and democrats cry that an important tax source and an aid to a continuing class warfare is lost. Both are totally wrong! The only people whom we should worry leaving are our working financial slaves like the talented engineers as they have takers everywhere. Likely long forgotten that they have created our prosperity by releasing us from most of the manual labor we would otherwise still be doing to survive!
After these two changes in tax laws the richest 1% elite would not pay a penny more taxes. For them taxes paid from their own pockets or the vaults of the corporations are the same after some juggling is done. Today their personal taxes make 6% of the US budget and a surprise the corporate taxes add up to the same 6% of the US budget. This tells that these people have been ahead of us in thinking these issues. However, as this change in tax policy sounds so outlandish they know if it would be dead on arrival if they or anybody anyway related to them would bring it up.
This tax change benefits them and in current unstoppable decline of America it can take us out from the depression we are soon to enter. Mr. Perot predicted quite well what would happen with this outsourcing and when it hits together with recession we have no way out except the 1929s style depression. Did this 1% of the richest elite actually plan this all? Perhaps, knowing that after jobs are gone overseas we have only one tool left to regain our prosperity and to claim from the hole we are falling right now. We must eliminate corporate taxes!
The funny thing happens as everybody will benefit from this move. For the rich this offers an unbelievable business opportunities to grow and produce everything here in the USA and then sell the products overseas. Instead continuous trade deficits balanced by the "exported" reserve currency our trade deficit would turn to trade surplus eliminating the blow that hits us within a few years when the world rejects the dollar as the only reserve currency.
The people would become fully employed with increasing wages and salaries. The rest of the world would catch up but that would take decade or two. The meantime the foreign businesses would scramble to establish manufacturing facilities here in the USA. There is no better global competitive position than what is achieved when the business income taxes are zero.
This is all what we need to regain our strength as a country!
Below is the US economy in a nut shell:
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Personal Income taxes forms 30% of the US budget revenue. Corporate taxes add to about 6%. The richest 1% of the US population pay 20% of all collected personal taxes meaning that their share of the US budget revenue equals the same 6%. This small group of individuals control all business activity in the country and to some extent also elsewhere. If we were smart enough to utilize this resource best we should eliminate business taxes. To do this we must find a payer for the 210 billion dollars of tax revenue that is eliminated. We can be sure that this same 1% of people would be interested absorbing lion share of this tax as their businesses would be booming. |
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When we look at the US budget expenditures it shows the education to receive a little over 1% of all tax dollars. This is ridiculous in case we want the country to prosper in the future world. This amount of money might not even be enough to maintain what we have in our infrastructure and much less to be innovating as the development outside our borders is demanding. If nothing is done we can kiss by to the USA of America as anything else than a third rate developing country even if everything looks so rosy today. |
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One percent (1%) of the richest people in the USA tax payers pay about 20% of all personal taxes. On the other end of the scale 50% of the US population are so poor that they have no money to pay taxes at all. How many years longer will the silent majority stay silent before it takes axes and lances, makes guillotines an starts repeating what was done in France only a couple hundred years ago? If we continue as is nothing can prevent this from happening. |
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The statistics tell that regardless of the tax rates the wealthiest people pay taxes at rate that is even less than 20% of their income. This is the result of legislation they managed to get through in our two party system of government. The total tax receipts from individuals add up to a little over US$ 1 trillion. The rest US$ 2.5 Trillion of our US$ 3.5 Trillion budget comes as follows: 1/3 is printed or borrowed to pay interest to the most favored bankers, 1/4 is payroll taxes, 1/16 is corporate taxes, and the reminder 1/20 comes from 5 small main categories. |
August 4, 2010
(RT August 3) The US is destabilizing Central Asia by means of drug trafficking, disintegrating Kyrgyzstan and putting pressure on Iran, shared Semyon Bagdasarov, member of the State Duma’s International Affairs Committee.
New interesting viewpoints of the global political affairs from Middle-East, Iran, Afghanistan, Taliban, Kyrgyzstan and Central Asia, China and North Korea. He also explains in details why Osama bin Laden has not been found nor will be found. This high level strategist and terrorist has major influence and high level friends everywhere in the Middle-East. Years ago he was also instrumental in helping CIA to create, train and supply the organization we today know as Taliban.
We here can ask: Can the USA actually be even serious in it's efforts to eliminating Taliban? This terrorist organization together with Israel's Mossad are highly profitable to be used as Her covert operators around the Middle-East and Central Asia, Iran, Kyrgyzstan, Georgia and Caucasus mountains and along the Southern Russian border.
This all fits perfectly to the puzzle around the Bilderberg group and their seemingly endless desire to grow and gain control over the world. Can this effort even ever succeed? From then beginning the numbers were against this possibility and the by day groving financial muscle of the 89% of the world population moves this target a little further beyond the horizon.
August 3, 2010
Public banking has a long history in the United States despite being challenged by the private banking cartel at every turn. Here's a brief history of the battle and a call to action. The enclosed video clip tells how the European banking Empires have managed to control it all. The control remains still as our private central bank the FED, established in 1913, is owned largely by the same banks. The story behind FED may just be too sensitive to our existing military industrial complex as the video jumps over that part. With little search and reading one will find out exactly how the USA is controlled today and how it was before the year 1913. It is obvious that everything will be attacked by the news media and denied by the authorities exactly like the harms of tobacco, Aspartame, GMO foods and others until the truth can no more be hidden. The game changer will require that about 5% of the population gets to hear and then digest the facts. Today this goal remains to be filled but when complete even the uninformed and uneducated are smart enough to draw their own conclusions.
It may sound like an insult but we Americans are by far the least informed people on the planet and our image of the World is so distorted by the news media that people are most of the time unable to digest what they hear from the spin masters of FOX, CNBC, CNN & al.
Here is the video "The Real Tea Party" originating from the internet site "What Really Happened".
What is put into public domain has the right to grow or disappear in the public domain.