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posted to rec.boats
wf3h wf3h is offline
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First recorded activity by BoatBanter: Jul 2006
Posts: 1,222
Default OT Confiscatory taxation

On Mar 21, 9:28*pm, "Calif Bill" wrote:
"wf3h" wrote in message


they have been running it for the last 8 years. what planet did you
just come from?

They been running it longer than 8 years. *Was under Clinton's watch where
the worst thing happened, and it was Clinton's Sec of treasury that promoted
it. *Repeal of Glass-Steagall act. *Same Mr. Rubin who put Citigroup in such
peril.-


it was a republican congress, after they impeached him, and he was
weakened, that passed the 'plunder the middle class' bill. it was phil
gramm, whose wife was a high executive for enron (which reated the
middle class like the visigoths treated rome) that introduced the
fairy tale allowing credit default swaps to exist unregulated. this
was after the GOP for 30 years passed tax reduction after tax
reduction for the ultra wealthy and passed the bill to the middle
class.

as the nobel prize winning economist paul krugman pointed it, it's as
if for every year of the last 30, every middle class family sent a
check for $10,000 to the richest 0.1% of americans.