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"As More Companies Seek Aid, 'Where Do You Stop?"

Published:

Last Edited: November 12, 2008, 11:07 am

Connect the dots ......... 

"CLOWARD-PIVEN STRATEGY of Orchestrate Crisis
http://www.discoverthenetworks.org/groupProfile.asp?grpid=6967

implemented in the late 60's accelerated in the 90's provided the mechanism to collapse the economy we've seen since beginning around 2000 coming to a crescendo we're witnessing in the past couple of months.

Socialism is defined as

1.  A political theory advocating state ownership of industry

2.  An economic system based on state ownership of capital

 

"As More Companies Seek Aid, 'Where Do You Stop?"
http://www.cnbc.com/id/27662540/ 

 

"Lobbyists swarm the U.S. Treasury for a helping of bailout pie -

International Herald Tribune

" The Treasury Department is under siege by an army of hired guns for banks, savings and loan associations and insurers — as well as for improbable candidates like a Hispanic business group representing plumbing and home-heating specialists. That last group wants the Treasury to hire its members as contractors to take care of houses that the government may end up owning through buying distressed mortgages.

The lobbying frenzy worries many traditional bankers — the original targets of the rescue program — who fear that it could blur, or even undermine, the government's effort to stabilize the financial system after its worst crisis since the 1930s."

http://www.iht.com/articles/2008/11/12/business/12lobbying.php

 

Where's the end or is there one?  Guess this solution was too simple .... or does it remove governmental controls via manipulation of current tax codes so complex that even the IRS can't decipher them.

 

"....FairTax allows every American to take home everything that is earned without any federal withholding, millions of distressed homeowners could actually afford home mortgage payments. The elimination of FICA taxes eliminates the highly regressive Social Security and Medicate tax but the FairTax provides a far broader stream of revenue into these faltering programs. Because the FairTax eliminates all exemptions, gimmicks and loopholes, Congress would be removed from the ability to buy votes with tax giveaways and billionaires pay taxes when they spend money. Because the FairTax makes nearly all federal government taxes entirely transparent, the sovereign citizen can know the score and put the brakes on extravagant new spending. Because the FairTax eliminates the price advantage now enjoyed by overseas producers, American jobs won't be leaving our shores. In fact, because the FairTax makes the USA the most favorable tax environment in the world, we can expect trillions of dollars of investment rushing into the US economy. With the FairTax, our money is ours first and only secondly devoted to government. Savings growth, investments and business decisions are guided by opportunity and real progress instead of tax avoidance tactics. "

 

"Frequently Asked Questions about the FairTax

Click on the questions below to view the answers.

  1. What is taxed?
  2. Exactly what taxes are abolished?
  3. How does the rebate work?
  4. Why not just exempt food and medicine from the tax? Wouldn't that be fair and simple?
  5. Is the 23% FairTax higher or lower when compared to the income taxes people pay today?
  6. Does the FairTax rate need to be much higher to be revenue neutral?
  7. How is the Social Security system affected?
  8. How does the FairTax affect Social Security reform?
  9. Is consumption a reliable source of revenue?
  10. How is the tax collected?
  11. Why is the FairTax better than our current system?
  12. Is the FairTax fair?
  13. How does the FairTax protect low-income families and individuals and retirees on fixed incomes?
  14. Is it fair for rich people to get the exact same FairTax rebate from the federal government as the poorest person in America?
  15. What about senior citizens and retired people?
  16. Are seniors taxed twice on savings, once when they saved it, and now again when the spend it?
  17. How does the FairTax affect wages and prices?
  18. Why not just exempt necessities from the FairTax instead of providing for a rebate?
  19. Should the government tax services?
  20. How does the FairTax affect income tax preparers, accountants, and many government employees?
  21. What about the home mortgage deduction?
  22. What will happen to charitable giving?
  23. Will corporations get a windfall with the abolition of the corporate tax?
  24. Does the FairTax burden the retail industry?
  25. How are state tax systems affected, and can states adequately collect a federal sales tax?
  26. How will the plan affect economic growth?
  27. What economic changes come at the retail level with the FairTax?
  28. What happens to interest rates?
  29. What happens to the stock market, mutual funds, and retirement funds?
  30. What happens to tax-free bonds?
  31. How does this affect U.S. competitiveness in foreign trade?
  32. What about border issues?
  33. Does the FairTax improve compliance and reduce evasion when compared to the current income tax?
  34. Can the FairTax really be passed into law?
  35. What other significant economies use such a tax plan?
  36. What about the flat tax? Would it be better and easier to pass?
  37. Can Congress just simply raise the rate once the FairTax is passed into law?
  38. Could we end up with both the FairTax and an income tax?
  39. Is the FairTax just another conservative tax scheme? Or just another liberal tax scheme?
  40. What assumptions have been made about government spending?
  41. How does the FairTax affect government spending?
  42. Why is it necessary to have a constitutional amendment?
  43. How does the income tax affect our economy?
  44. How will this plan affect compliance costs?
  45. What about value-added taxes (VATs), like they have in Europe and Canada? Are they not consumption taxes?
  46. What will we experience in the transition from the income tax to the FairTax?
  47. I know the FairTax rate is 23 percent when compared to current income taxes. What will the rate of the sales tax be at the retail counter?
  48. Since business purchases are not taxable, how does the FairTax keep individuals from pretending to have a business so they can buy things tax free?
  49. Is the FairTax progressive? Do the rich pay more and the poor pay less as a percentage of their spending?
  50. Is there any provision in the FairTax bill to prevent both an income tax and a sales tax?

    http://www.fairtax.org/site/PageServer?pagename=about_faq

 

http://www.lotterypost.com/blogcomments.asp?i=24929

Entry #977

Comments

1.
JAP69Comment by JAP69 - November 12, 2008, 1:35 pm
I heard American Express filed to be considered a Bank.
They want some of the bailout money too.
I thought American Express only accepted top notch creditors for their cards.
2.
konaneComment by konane - November 12, 2008, 8:24 pm
Thanks JAP! All this sounds great that taxpayers are going to be paid back but have we ever seen the government give taxpayers what they've confiscated through taxation?
3.
TigerAngelComment by TigerAngel - November 13, 2008, 12:42 am
I read where it was Jesse Jackson that went to the bangsters and demanded they give risky loans to poor ppl that couldn't aford them. May have been on the website Atlas Shrugs. This would have been fulfilling the Cloward-Piven strategy. The 1st bailout should not have happened. Congress was flooded with protests from voters and they listened. Then, Congress was threatened with Marshal Law if they didn't pass it the 2nd time, so they did. All those banks and companies should have been allowed to file bankruptcy but no. Now we have 2 trillion and they won't say where it is, who's getting it. This insanity is hurting people all over the world not just U.S. I never thought in my life I would be hoping for China and Russia to continue saying no to this home grown insanity. Also Japan, they don't want any part of the New World Order. What a mess!
Thanks for your posts, I see you are still reading the hand writing on the wall. The fair tax would be great but doesn't fit their agenda I'm afraid. Looks like we're heading into a new dark age. The war plan they are following complete with false flag operations is called Project For A New American Century--PNAC for short.
4.
konaneComment by konane - November 13, 2008, 9:26 am
Thanks TigerAngel. Not giving up on Fair Tax. Unfortunately upper middle income and above have to be jogged out of complacency before enough people demand changes in our tax structure. So long as they can make enough money, write off taxes .... they're not willing to be bothered with change.   

We'll see if asset confiscation via taxes suit them over the next 2-4 years and whether they're willing to put pressure on legislators or vote for those who sponsor Fair Tax.

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