August 16th, 2011

Buffet pushes for higher taxes

Thomas G. Brown |

Buffet pushes for higher taxes Warren Buffet has stated over and over again in recent years that the “rich” should pay more in taxes and that he and others should be forced to pay their fair share to the government. Mr. Buffet according to an article on Bloomberg stated to Congress “My friends and I have been coddled long enough by a billionaire-friendly Congress,” He went on to state that he paid 17.4% in Federal Income Taxes last year compared with others in his office whom paid an average of 36% on last year’s income. He went on to state that folks who make a million dollars or more should have their tax rates raised from 35% to something higher. In addition he would create a new tax bracket for those who make 10 million of more. Now if you take a look at this is sounds good at first glance. But wait, what about the folks who he mentioned that work in his office and pay a higher tax rate already. I am guessing they make over a million dollars so he wants to raise their taxes more. I would guess they would think differently about this, especially since Mr. Buffet has waited until he climbed to the top of the ladder economically before deciding that taxes need to be raised on the “rich”.
Buffet neglects to point out that he pays the 17.5% tax is on his dividends from stocks as he does not pay himself a salary which allows him to avoid the income tax. In addition he neglects to point out the 35% his firm pays in corporate income taxes which is a reason for many companies moving their firms’ headquarters offshore to countries that have lower tax rates. This money made by these firms is also held outside the country which cannot be invested in the United States as it would be subject to the taxes that they are trying to avoid right or wrong.
So how can we get money back into the country and get the “super rich” to pay their “fair share” which I find an idiotic statement but that is a topic for another day? Well here I would get rid of the income tax all personal income. The tax laws are so poorly written and full of holes that to try and reform it with patch work is like trying to tar over a leaky roof that has been damaged by a storm. But how would one cover the cost of government? Well we could use a sales tax (after we repeal the income tax) which would be placed universally on all consumer items. This would be a true voluntary tax which could be withheld by the public by boycotting the purchasing products if they disagreed with how their money is being spent (i.e. wars). The second thing I would do would be to abolish the corporate tax, and capital gains tax. This will allow families to build up wealth and bring back the American Dream of our children doing better than us.
All this will not work though if we don’t get back under the Constitution, abolish the Federal Reserve and end our unjust wars and empire building.

What are you teaching your kids?

Sovereign Man | Simon Black

had a little piggy bank when I was kid. It was blue. And ceramic. In fact, I think I broke its nose off at one point and I was really sad about it. Most of all I remember loving the sound that the coins made when I dropped a new one inside.

That unmistakable chink spoke volumes to me. It reinforced my responsible behavior, and it encouraged me to keep saving. This is something I’ve carried with me for my entire life.

Today things are different. Central bankers have proven that conventional savers are mere patsies to be taken advantage of, sheeps to be fleeced.

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Fiat Money and the British Riots

Mises Daily | Andy Duncan

This is going to be tricky to do from a hillside in Cornwall, with a flaky mobile connection and an iPad with a one-letter-at-a-time keyboard. However, it’s pouring down with rain this August morning, so let’s examine the real sickness at the heart of British society, which is the constant-inflation policy of the British government.

This always-disguised policy has since 1931 corrupted the money supply at an average rate of approximately 6 percent per annum, to constantly drain the wealth of the nation and to pour this stolen wealth into the corrupt, selfish hands of rotten, short-sighted politicians.

We have seen this policy massively extend the power-hungry reach of these moronic busybody politicians into our lives, as it funded the welfare-warfare state and eventually generated the terrible events of the last few days in Britain. These were fueled by the yob society generated directly out of the welfare state, and stimulated by the general warfare mentality of all-against-all that has percolated through to everyone from trigger-happy police enforcing busybody concerns about what people freely choose to ingest into their own bodies to hoodies putting through the windows of honest, hardworking businesspeople.

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Why Does Mainstream Media Disrespect Ron Paul?

USA | Greg Hunter

Watching the Sunday talk shows and looking at the reporting from this weekend’s Republican straw poll, you would not think that Congressman Ron Paul even participated in the event. Paul came in a very close second to Representative Michele Bachmann in a field of Presidential Candidates. Bachmann received 4,823 votes; Paul received 4,671 votes, which represents a margin of just 152 votes. To me, it appears to be a statistical dead heat, especially when you consider the next closest competitor, Governor Tim Pawlenty, received only 2,293 votes. Pawlenty’s distant third place finish effectively blew him out of the race.

On “FOX News Sunday,” host Chris Wallace ignored the virtual tie in the straw poll and said, “There’s a top tier now of Bachmann and Perry and Romney, and we haven’t mentioned, and we should, Rick Santorum who really did surprisingly well for the amount of money and resources he had.” To that I say “WHAT!?” Santorum came in fourth with only 1,657 votes, about 1/3 of what Paul received. Santorum came in behind a guy that dropped out because he didn’t get enough votes to be a viable Republican candidate, and Wallace mentions Santorum and not Paul who was in a virtual tie with the winner?

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Sales of gold up on eBay amid stock market turmoil


SAN FRANCISCO – For gold sellers on eBay, the recent stock market turmoil has been a boon for business.

Gold and silver sales on eBay had already been rising steadily over the past several years — so much so that eBay Inc. created a special area in May to make it easier for buyers to find sellers.

Now, activity on that part of the site, the Bullion Center, is intensifying as consumers unnerved by the economic uncertainty flock to gold in hopes it will be a stable investment.

“When people are coming down to the question, ‘Do they want to have cash in the bank or gold in their hands?’ the answer is they’d rather have gold or silver,” said Jacob Chandler, CEO of Great Southern Coins, the largest seller of precious metals on eBay.

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The Tenth Amendment Run Amok?

Tom Mullens |

n between “gotcha questions” and the Pawlenty-Bachman slurfest, an interesting discussion actually occurred during the Fox News presidential debate staged in Iowa on Thursday night (8/11/2011). It concerned Tim Pawlenty’s quite valid criticism of Mitt Romney’s role in expanding government healthcare in Massachusetts. During Romney’s term as governor, he signed into law a state healthcare plan that served as the basis for what is popularly known today as “Obamacare.”

Romney replied with a defense based upon the Tenth Amendment to the US Constitution, saying that Massachusetts passed a law that was right for Massachusetts, but that President Obama forced a “one size fits all solution” on the entire nation, usurping the powers reserved to the states or the people.

Calling him a “constitutional expert,” panelist Chris Wallace asked Congressman Ron Paul whether the states “have a constitutional right to make someone buy a good or a service just because they are a resident.” Paul replied,

“No, the way I would understand the Constitution, the federal government can’t go in and prohibit the states from doing bad things and I would consider this a very bad thing. But you don’t send in a federal police force because they’re doing it and throw them into court.”

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North American Union, Bilderberg & Gov. Rick Perry |

Gov. Rick Perry may not be the spider, but he certainly has become one of the strands in the web of international conspiracy for those who see a stealth plan to merge the United States with Canada and Mexico.

A key element of that alleged plan is Perry’s Trans-Texas Corridor, specifically the 1,200-foot wide toll road that is proposed from Laredo to the Oklahoma border. A toll road likely to be built by a consortium headed by Spanish Cintra S.A. and Zachry Construction Co. of San Antonio.

Jerome Corsi, in his new book The Late Great U.S.A.: The Coming Merger with Mexico and Canada, makes the case that the first step to creating a North American Union is merging the nations’ transporation systems. The Trans-Texas Corridor is the first step, he says.

Corsi gained national attention in 2004 as the co-author of Unfit for Command: Swift Boat Veterans Speak Out Against John Kerry.

Perry also has been criticized by Austin-based talk show host Alex Jones for the Trans-Texas Corridor and Perry’s trip earlier this summer to the Bilderberg conference.

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Krugman Calls On Government To Manufacture War To Save Economy | Paul Joseph Watson

Amidst the melodramatic reaction to economist Paul Krugman’s eyebrow-raising rant about the impact an alien invasion would have on the US economy, many have missed the point, that Krugman was calling on the government to manufacture a staged event or a war to act as a smokescreen for the continued looting of the American people.

Krugman, a New York Times writer who is routinely lambasted by the likes of Max Keiser and Gerald Celente for being a stooge for the establishment and an apologist for the Federal Reserve, appeared on CFR luminary Fareed Zakaria’s CNN show to make a seemingly radical argument.

“If we discovered that space aliens were planning to attack and we needed a massive buildup to counter the space alien threat and really inflation and budget deficits took secondary place to that, this slump would be over in 18 months. And then if we discovered, oops, we made a mistake, there aren’t any aliens, we’d be better,” remarked Krugman.

“There was a Twilight Zone episode like this in which scientists fake an alien threat in order to achieve world peace. Well, this time…we need it in order to get some fiscal stimulus,” he added.

Predictably, subsequent discussion about Krugman’s comments were concentrated around his lurid analogy of an extraterrestrial invasion, while missing the elephant in the living room and the real point of the rant – Krugman’s advocacy for the Obama administration to stage a fake crisis, or indeed a war, in order to ram through its economic agenda.

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‘Cash for kids’ judge gets 28 year jail sentence

Raw Story | Stephen C. Webster

A former Pennsylvania judge who rendered guilty verdicts in exchange for over $1 million in kickbacks from a for-profit youth rehabilitation center will spend up to 28 years in prison, following his sentencing hearing last Thursday.

Over the weekend, CNN sat down with the mother of one of his victims, a young man who was so distraught by his unjust incarceration that he committed suicide.

“It’s justice in the sense that he is going to pay for what we’ve been dealing with for the last eight years,” Sandy Fonzo, the boy’s mother, told the network. “True justice, I don’t think there could ever be. He’ll never live the sentence that I live.”

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