OT Confiscatory taxation
 

The following was sent to the newspaper and several Senators.


I could not believe that the Senate was even going to consider the
confiscatory taxation bill that pelosi's house passed today. Anytime
that the Government of the United States singles out a specific group of
people and taxes their income at a 90% tax rate, it is wrong. These
bonuses were given with the full approval of the Senate, House, and
obama. Now that the company is doing what the Democrats gave them
permission to do, the US government is singling them out for
confiscatory taxes. If anyone would read the Constitution they would
find that singling out a group of people for this type of legislation is
also unconstitutional.

Retention bonuses have been given by companies for centuries to maintain
their staff when the company faces uncertain economic futures. They
have also been given to contract workers as incentive to stay in the
position until the contract is completed. There is nothing wrong with
retention bonuses and they were needed by AIG to keep their staff from
going to other companies. Because the company did not want to be
stripped of its staff, the government is going to penalize those
employees for staying and helping AIG return to a healthy company.

Apparently the president and people in leadership positions in the
senate and house have no concept of what to do about the economic
problems the country is facing today and are using every minor excuse to
divert the public's attention from their failures.

All of these actions by the government are based on the whims of the
people. If the polls said that the people who received those bonuses
should be hanged, would the congress pass laws to implement those
hangings? This is what the government is doing to the American people
with the 90% taxation of the bonuses. This is a republic where people
with the knowledge and Common Sense to govern the country are elected to
write and approve legislation for the common good. We are not a
democracy where the people in the government rule by summarizing the
polls of their constituents.

Those people in congress who are there to promote the common good of the
people of America must band together and sponsor legislation that will
remove the tax burden from the American people and revise the rules and
regulations that are restricting the American economy. They are not
there to single out groups for destructive legislation.

OT Confiscatory taxation
 

On Thu, 19 Mar 2009 18:04:59 -0400, Keith Nuttle
wrote:

The following was sent to the newspaper and several Senators.


I could not believe that the Senate was even going to consider the
confiscatory taxation bill that pelosi's house passed today.

Why not? Hell, half of the Republicans supported Pelosi.
She must be gaining popularity there.
You have to adjust your credulity.

All of these actions by the government are based on the whims of the
people. If the polls said that the people who received those bonuses
should be hanged, would the congress pass laws to implement those
hangings?

It is terrible what were coming to. If this bad stuff continues we'll
end up torturing people.
They already threw that sweet Bernie Maddof fellow in jail for life.
He wouldn't harm a fly. Now they're going after his wife.
It's getting pretty scary, for sure.

Those people in congress who are there to promote the common good of the
people of America must band together and sponsor legislation that will
remove the tax burden from the American people and revise the rules and
regulations that are restricting the American economy. They are not
there to single out groups for destructive legislation.

Why not? How else do they get re-elected?
The *******s single me out every year with that stupid freedom of
speech stuff that allows Geico commercials. It's all lies, all of it.
Lizards can't talk, and I know it. Yet they make it talk, and expect
me to watch that sick garbage.
I'm about ready to move to Guatemala, maybe even Panama.

--Vic

OT Confiscatory taxation
 

On Thu, 19 Mar 2009 16:30:20 -0600, Vic Smith
wrote:

They already threw that sweet Bernie Maddof fellow in jail for life.
He wouldn't harm a fly. Now they're going after his wife.

The best way to insure that Bernie rots in hell is to take all of his
wife's assets. :-)

OT Confiscatory taxation
 

Keith Nuttle wrote:
The following was sent to the newspaper and several Senators.


I could not believe that the Senate was even going to consider the
confiscatory taxation bill that pelosi's house passed today. Anytime
that the Government of the United States singles out a specific group of
people and taxes their income at a 90% tax rate, it is wrong. These
bonuses were given with the full approval of the Senate, House, and
obama. Now that the company is doing what the Democrats gave them
permission to do, the US government is singling them out for
confiscatory taxes. If anyone would read the Constitution they would
find that singling out a group of people for this type of legislation is
also unconstitutional.

Retention bonuses have been given by companies for centuries to maintain
their staff when the company faces uncertain economic futures. They
have also been given to contract workers as incentive to stay in the
position until the contract is completed. There is nothing wrong with
retention bonuses and they were needed by AIG to keep their staff from
going to other companies. Because the company did not want to be
stripped of its staff, the government is going to penalize those
employees for staying and helping AIG return to a healthy company.

Apparently the president and people in leadership positions in the
senate and house have no concept of what to do about the economic
problems the country is facing today and are using every minor excuse to
divert the public's attention from their failures.

All of these actions by the government are based on the whims of the
people. If the polls said that the people who received those bonuses
should be hanged, would the congress pass laws to implement those
hangings? This is what the government is doing to the American people
with the 90% taxation of the bonuses. This is a republic where people
with the knowledge and Common Sense to govern the country are elected to
write and approve legislation for the common good. We are not a
democracy where the people in the government rule by summarizing the
polls of their constituents.

Those people in congress who are there to promote the common good of the
people of America must band together and sponsor legislation that will
remove the tax burden from the American people and revise the rules and
regulations that are restricting the American economy. They are not
there to single out groups for destructive legislation.
There is nothing but corruption on Wall Street, in Washington, and the
offices of International Bankers and Merchants or Globalists.
I don't see anything assertive being done to bring the attackers, of our
Republic, to their knees.
They are importing Illegal Aliens from Mexico and exporting our basic
industries to Mexico. A grand design or just happenstance?
Nationalism is the only thing to pursue. America and Americans first. I
didn't say anything about any form of socialism. I said America better
be fighting for it's life.

OT Confiscatory taxation
 

On Mar 19, 11:12*pm, wrote:
On Thu, 19 Mar 2009 22:18:38 -0400, Wayne.B

wrote:
On Thu, 19 Mar 2009 16:30:20 -0600, Vic Smith
wrote:

They already threw that sweet Bernie Maddof fellow in jail for life.
He wouldn't harm a fly. *Now they're going after his wife.

The best way to insure that Bernie rots in hell is to take all of his
wife's assets. * :-)

No the best way to make the last years of his miserable life more
miserable is to throw his wife in the cell with him.
Imagine looking forward to a lifetime of bitching, moaning and "I told
you so Bernie". *
He would be swinging from the bars on his belt in a week.

I like John's quote.. Obama lied and the Economy died...

OT Confiscatory taxation
 

OT Confiscatory taxation
 

On Mar 19, 8:16�pm, wrote:
On Mar 19, 11:12�pm, wrote:





On Thu, 19 Mar 2009 22:18:38 -0400, Wayne.B

wrote:
On Thu, 19 Mar 2009 16:30:20 -0600, Vic Smith
wrote:

They already threw that sweet Bernie Maddof fellow in jail for life.
He wouldn't harm a fly. �Now they're going after his wife.

The best way to insure that Bernie rots in hell is to take all of his
wife's assets. � :-)

No the best way to make the last years of his miserable life more
miserable is to throw his wife in the cell with him.
Imagine looking forward to a lifetime of bitching, moaning and "I told
you so Bernie". �
He would be swinging from the bars on his belt in a week.

I like John's quote.. Obama lied and the Economy died...- Hide quoted text -

- Show quoted text -

I would respectfully remind everyone that this financial mess started
while Bush had the helm. While he and his friends had the helm.....
for eight long years. And did little except trample our civil rights,
and allow the Wall Street Mob to do whatever they wished. So here we
are...Probably be better to concentrate our attention and efforts on
saving the future.

OT Confiscatory taxation
 

On Mar 19, 11:56*pm, Mike wrote:
On Mar 19, 8:16 pm, wrote:





On Mar 19, 11:12 pm, wrote:

On Thu, 19 Mar 2009 22:18:38 -0400, Wayne.B

wrote:
On Thu, 19 Mar 2009 16:30:20 -0600, Vic Smith
wrote:

They already threw that sweet Bernie Maddof fellow in jail for life..
He wouldn't harm a fly. Now they're going after his wife.

The best way to insure that Bernie rots in hell is to take all of his
wife's assets. :-)

No the best way to make the last years of his miserable life more
miserable is to throw his wife in the cell with him.
Imagine looking forward to a lifetime of bitching, moaning and "I told
you so Bernie".
He would be swinging from the bars on his belt in a week.

I like John's quote.. Obama lied and the Economy died...- Hide quoted text -

- Show quoted text -

*I would respectfully remind everyone that this financial mess started
while Bush had the helm. *While he and his friends had the helm.....
for eight long years. *And did little except trample our civil rights,
and allow the Wall Street Mob to do whatever they wished. *So here we
are...Probably be better to concentrate our attention and efforts on
saving the future.- Hide quoted text -

- Show quoted text -

With all due respect, if you look at the numbers it only fell apart
after Pelosi and the corruptocrats took over. Remember, Dodd took more
money from Fannie and freddie AND AIG than any other congressman with
Obama in second for Fannie and Freddie and 4th for AIG... Do the math,
it doesn't lie.. Bush and McCain begged the corruptocrats to do
something about it but they were bought and paid for..

OT Confiscatory taxation
 

wf3h wrote:
On Mar 19, 6:04 pm, Keith Nuttle wrote:
The following was sent to the newspaper and several Senators.

I could not believe that the Senate was even going to consider the
confiscatory taxation bill that pelosi's house passed today. Anytime
that the Government of the United States singles out a specific group of
people and taxes their income at a 90% tax rate, it is wrong.

AIG is owned by the govt. those people work for us. we get to set
their salaries and bonuses.



These
bonuses were given with the full approval of the Senate, House, and
obama. Now that the company is doing what the Democrats gave them
permission to do, the US government is singling them out for
confiscatory taxes. If anyone would read the Constitution they would
find that singling out a group of people for this type of legislation is
also unconstitutional.

singling out a group of people is not unconstitutional. it probably IS
unconstitutional to try and break a contract which was legal at the
time it was made. but there is no excuse for this type of theft of our
money.

Retention bonuses have been given by companies for centuries to maintain
their staff when the company faces uncertain economic futures.

and since we own AIG, we have the power to fire those people at will.
in the US employment is 'at will'. so we can fire those managers if
we're unhappy with their performance



Because the company did not want to be
stripped of its staff, the government is going to penalize those
employees for staying and helping AIG return to a healthy company.

those people ran AIG into the ground. what fairy tales do you read? do
you know AIG has $150,000,000,000 in govt money in it?


Apparently the president and people in leadership positions in the
senate and house have no concept of what to do about the economic
problems the country is facing today and are using every minor excuse to
divert the public's attention from their failures.

the right wing 'free market' folks got us into this mess....they
created the largest economy collapse since the great depression

now you're saying to continue with those failed policies because of
your faith in them? you're worse than a creationist!

we DID de-regulate the market. and collateralized default swaps went
from $920B in 2000 to SIXTY TWO TRILLION DOLLARS in 2007....

is that the type of de regulation you had in mind?


I love the bit about "helping AIG return to a healthy company."

AIG need to be broken up into it constituent companies and sold off
piecemeal to other companies.

OT Confiscatory taxation
 

On Thu, 19 Mar 2009 20:16:58 -0700 (PDT),
wrote:

On Mar 19, 11:12*pm, wrote:
On Thu, 19 Mar 2009 22:18:38 -0400, Wayne.B

wrote:
On Thu, 19 Mar 2009 16:30:20 -0600, Vic Smith
wrote:

They already threw that sweet Bernie Maddof fellow in jail for life.
He wouldn't harm a fly. *Now they're going after his wife.

The best way to insure that Bernie rots in hell is to take all of his
wife's assets. * :-)

No the best way to make the last years of his miserable life more
miserable is to throw his wife in the cell with him.
Imagine looking forward to a lifetime of bitching, moaning and "I told
you so Bernie". *
He would be swinging from the bars on his belt in a week.

I like John's quote.. Obama lied and the Economy died...

Wasn't mine, I stole it from the blog Tom mentioned.

OT Confiscatory taxation
 

On Thu, 19 Mar 2009 20:56:12 -0700 (PDT), Mike wrote:

On Mar 19, 8:16?pm, wrote:
On Mar 19, 11:12?pm, wrote:





On Thu, 19 Mar 2009 22:18:38 -0400, Wayne.B

wrote:
On Thu, 19 Mar 2009 16:30:20 -0600, Vic Smith
wrote:

They already threw that sweet Bernie Maddof fellow in jail for life.
He wouldn't harm a fly. ?Now they're going after his wife.

The best way to insure that Bernie rots in hell is to take all of his
wife's assets. ? :-)

No the best way to make the last years of his miserable life more
miserable is to throw his wife in the cell with him.
Imagine looking forward to a lifetime of bitching, moaning and "I told
you so Bernie". ?
He would be swinging from the bars on his belt in a week.

I like John's quote.. Obama lied and the Economy died...- Hide quoted text -

- Show quoted text -

I would respectfully remind everyone that this financial mess started
while Bush had the helm. While he and his friends had the helm.....
for eight long years. And did little except trample our civil rights,
and allow the Wall Street Mob to do whatever they wished. So here we
are...Probably be better to concentrate our attention and efforts on
saving the future.

Barney and Chris were working for Bush?

OT Confiscatory taxation
 

Frog Britches wrote:
Keith Nuttle wrote:
The following was sent to the newspaper and several Senators.


I could not believe that the Senate was even going to consider the
confiscatory taxation bill that pelosi's house passed today. Anytime
that the Government of the United States singles out a specific group
of people and taxes their income at a 90% tax rate, it is wrong.
These bonuses were given with the full approval of the Senate, House,
and obama. Now that the company is doing what the Democrats gave them
permission to do, the US government is singling them out for
confiscatory taxes. If anyone would read the Constitution they would
find that singling out a group of people for this type of legislation
is also unconstitutional.

Retention bonuses have been given by companies for centuries to
maintain their staff when the company faces uncertain economic
futures. They have also been given to contract workers as incentive
to stay in the position until the contract is completed. There is
nothing wrong with retention bonuses and they were needed by AIG to
keep their staff from going to other companies. Because the company
did not want to be stripped of its staff, the government is going to
penalize those employees for staying and helping AIG return to a
healthy company.

Apparently the president and people in leadership positions in the
senate and house have no concept of what to do about the economic
problems the country is facing today and are using every minor excuse
to divert the public's attention from their failures.

All of these actions by the government are based on the whims of the
people. If the polls said that the people who received those bonuses
should be hanged, would the congress pass laws to implement those
hangings? This is what the government is doing to the American people
with the 90% taxation of the bonuses. This is a republic where people
with the knowledge and Common Sense to govern the country are elected
to write and approve legislation for the common good. We are not a
democracy where the people in the government rule by summarizing the
polls of their constituents.

Those people in congress who are there to promote the common good of
the people of America must band together and sponsor legislation that
will remove the tax burden from the American people and revise the
rules and regulations that are restricting the American economy. They
are not there to single out groups for destructive legislation.
There is nothing but corruption on Wall Street, in Washington, and the
offices of International Bankers and Merchants or Globalists.
I don't see anything assertive being done to bring the attackers, of our
Republic, to their knees.
They are importing Illegal Aliens from Mexico and exporting our basic
industries to Mexico. A grand design or just happenstance?
Nationalism is the only thing to pursue. America and Americans first. I
didn't say anything about any form of socialism. I said America better
be fighting for it's life.

The voters have spoken and they don't agree with us. We're doomed.

OT Confiscatory taxation
 

Here's the Readers Digest version

Apparently the president and people in leadership positions in the
senate and house have no concept of what to do about the economic
problems the country is facing today and are using every minor excuse to
divert the public's attention from their failures.

OT Confiscatory taxation
 

Wayne.B wrote:
On Thu, 19 Mar 2009 16:30:20 -0600, Vic Smith
wrote:

They already threw that sweet Bernie Maddof fellow in jail for life.
He wouldn't harm a fly. Now they're going after his wife.

The best way to insure that Bernie rots in hell is to take all of his
wife's assets. :-)


You betcha. She would make Hell seem like a country club.

OT Confiscatory taxation
 

On Mar 19, 6:04*pm, Keith Nuttle wrote:
The following was sent to the newspaper and several Senators.

I could not believe that the Senate was even going to consider the
confiscatory taxation bill that pelosi's house passed today. *Anytime
that the Government of the United States singles out a specific group of
people and taxes their income at a 90% tax rate, it is wrong.

AIG is owned by the govt. those people work for us. we get to set
their salaries and bonuses.



*These
bonuses were given with the full approval of the Senate, House, and
obama. *Now that the company is doing what the Democrats gave them
permission to do, the US government is singling them out for
confiscatory taxes. *If anyone would read the Constitution they would
find that singling out a group of people for this type of legislation is
also unconstitutional.

singling out a group of people is not unconstitutional. it probably IS
unconstitutional to try and break a contract which was legal at the
time it was made. but there is no excuse for this type of theft of our
money.


Retention bonuses have been given by companies for centuries to maintain
their staff when the company faces uncertain economic futures. *

and since we own AIG, we have the power to fire those people at will.
in the US employment is 'at will'. so we can fire those managers if
we're unhappy with their performance



Because the company did not want to be
stripped of its staff, the government is going to penalize those
employees for staying and helping AIG return to a healthy company.

those people ran AIG into the ground. what fairy tales do you read? do
you know AIG has $150,000,000,000 in govt money in it?



Apparently the president and *people in leadership positions in the
senate and house have no concept of what to do about the economic
problems the country is facing today and are using every minor excuse to
divert the public's attention from their failures.

the right wing 'free market' folks got us into this mess....they
created the largest economy collapse since the great depression

now you're saying to continue with those failed policies because of
your faith in them? you're worse than a creationist!

we DID de-regulate the market. and collateralized default swaps went
from $920B in 2000 to SIXTY TWO TRILLION DOLLARS in 2007....

is that the type of de regulation you had in mind?

OT Confiscatory taxation
 

On Thu, 19 Mar 2009 22:12:37 -0500, wrote:

No the best way to make the last years of his miserable life more
miserable is to throw his wife in the cell with him.
Imagine looking forward to a lifetime of bitching, moaning and "I told
you so Bernie".
He would be swinging from the bars on his belt in a week.

That's true but it's not clear they will be able to convict her.
Quite likely the only thing she knew about Bernie's money was how to
spend it.

OT Confiscatory taxation
 

On Fri, 20 Mar 2009 10:00:27 -0500, wrote:

On Fri, 20 Mar 2009 10:12:23 -0400, Wayne.B
wrote:

On Thu, 19 Mar 2009 22:12:37 -0500, wrote:

No the best way to make the last years of his miserable life more
miserable is to throw his wife in the cell with him.
Imagine looking forward to a lifetime of bitching, moaning and "I told
you so Bernie".
He would be swinging from the bars on his belt in a week.

That's true but it's not clear they will be able to convict her.
Quite likely the only thing she knew about Bernie's money was how to
spend it.

This scam went on for 30 years and he never mentioned it to his wife?

Ever see Godfather?
Mobsters follow "need to know" with wives.
And Wall Street is full of mobsters.
Nobody's calling them mafiosa yet, though they've had the "made man"
concept down pat for a while.
But I did hear a business analyst yesterday calling them cockroaches,
so there is some progress into understanding the culture.

--Vic

OT Confiscatory taxation
 

On Fri, 20 Mar 2009 10:21:05 -0500, wrote:

On Fri, 20 Mar 2009 09:08:49 -0600, Vic Smith
wrote:


Ever see Godfather?
Mobsters follow "need to know" with wives.


That is a fairy tale. Carmella Soprano knew Tony was in the mob and
wasn't really managing a garbage truck business. She gladly took the
stolen fur coats.

Uh oh. You've shaken my faith in the movies.
I'll have to adjust.

In the real world Victoria Gotti was also willingly receiving stolen
goods so she was part of a continuing criminal enterprise. I am not
sure why we let these wives off the hook so easily. When they
assassinated Clyde, they shot Bonnie too.

The wives lawyers will claim spousal abuse. Then they take the 5th
and cop to NOTHING.
I thought Bonnie was a gun-toting participant.
Uh oh. That was a movie.
Anyway, they might get testimony from Madoff's accountant. They
charged him with a bunch of criminal counts and he's out on $2.5
million bail I think. They're probably working him over good and he's
singing like a canary.
That might nail her.

--Vic

OT Confiscatory taxation
 

On Fri, 20 Mar 2009 10:00:27 -0500, wrote:

This scam went on for 30 years and he never mentioned it to his wife?

Apparently his sons didn't know and they were working in the same
building with him. To their credit, they went to the feds the day
after he told them. Bernie's rubber stamp accountant is going down
though, not necessarily because he knew what was going on, but because
he should have if he was doing a proper audit.

OT Confiscatory taxation
 

On Fri, 20 Mar 2009 10:00:27 -0500, wrote:

On Fri, 20 Mar 2009 10:12:23 -0400, Wayne.B
wrote:

On Thu, 19 Mar 2009 22:12:37 -0500, wrote:

No the best way to make the last years of his miserable life more
miserable is to throw his wife in the cell with him.
Imagine looking forward to a lifetime of bitching, moaning and "I told
you so Bernie".
He would be swinging from the bars on his belt in a week.

That's true but it's not clear they will be able to convict her.
Quite likely the only thing she knew about Bernie's money was how to
spend it.

This scam went on for 30 years and he never mentioned it to his wife?

Many things aren't what they seem.
Ever see "The Pink Panther"?
Maybe Madoff was framed by his wife.
Uh oh. That was just a movie.

--Vic

OT Confiscatory taxation
 

OT Confiscatory taxation
 

"Mike" wrote in message
...
On Mar 19, 8:16?pm, wrote:
On Mar 19, 11:12?pm, wrote:





On Thu, 19 Mar 2009 22:18:38 -0400, Wayne.B

wrote:
On Thu, 19 Mar 2009 16:30:20 -0600, Vic Smith
wrote:

They already threw that sweet Bernie Maddof fellow in jail for life.
He wouldn't harm a fly. ?Now they're going after his wife.

The best way to insure that Bernie rots in hell is to take all of his
wife's assets. ? :-)

No the best way to make the last years of his miserable life more
miserable is to throw his wife in the cell with him.
Imagine looking forward to a lifetime of bitching, moaning and "I told
you so Bernie". ?
He would be swinging from the bars on his belt in a week.

I like John's quote.. Obama lied and the Economy died...- Hide quoted
text -

- Show quoted text -

I would respectfully remind everyone that this financial mess started
while Bush had the helm. While he and his friends had the helm.....
for eight long years. And did little except trample our civil rights,
and allow the Wall Street Mob to do whatever they wished. So here we
are...Probably be better to concentrate our attention and efforts on
saving the future.

It started a lot further back than Bush, or Clinton, or Bush 1.

OT Confiscatory taxation
 

"Wayne.B" wrote in message
...
On Thu, 19 Mar 2009 22:12:37 -0500, wrote:

No the best way to make the last years of his miserable life more
miserable is to throw his wife in the cell with him.
Imagine looking forward to a lifetime of bitching, moaning and "I told
you so Bernie".
He would be swinging from the bars on his belt in a week.

That's true but it's not clear they will be able to convict her.
Quite likely the only thing she knew about Bernie's money was how to
spend it.


Do not have to convict her. Just have to prove the money was spoils of
crime. Would be like you robbing a bank and giving all the money to your
wife. You are caught, but they can not get the money back, as you gave it
away? May still be in the banks bag. As to the taxing the bonus money. Is
not going to fly from what I understand. Would be a "Bill of Attainment".
Which is really unconstitutional.

OT Confiscatory taxation
 

Calif Bill wrote:
"Mike" wrote in message
...
On Mar 19, 8:16?pm, wrote:
On Mar 19, 11:12?pm, wrote:





On Thu, 19 Mar 2009 22:18:38 -0400, Wayne.B
wrote:
On Thu, 19 Mar 2009 16:30:20 -0600, Vic Smith
wrote:
They already threw that sweet Bernie Maddof fellow in jail for life.
He wouldn't harm a fly. ?Now they're going after his wife.
The best way to insure that Bernie rots in hell is to take all of his
wife's assets. ? :-)
No the best way to make the last years of his miserable life more
miserable is to throw his wife in the cell with him.
Imagine looking forward to a lifetime of bitching, moaning and "I told
you so Bernie". ?
He would be swinging from the bars on his belt in a week.
I like John's quote.. Obama lied and the Economy died...- Hide quoted
text -

- Show quoted text -

I would respectfully remind everyone that this financial mess started
while Bush had the helm. While he and his friends had the helm.....
for eight long years. And did little except trample our civil rights,
and allow the Wall Street Mob to do whatever they wished. So here we
are...Probably be better to concentrate our attention and efforts on
saving the future.

It started a lot further back than Bush, or Clinton, or Bush 1.


Your comments about how this is all President Bush's fault is sound more
and more like the cries of a man drowning in the facts of the obama
vaudeville show.

OT Confiscatory taxation
 

"Keith Nuttle" wrote in message
...
Calif Bill wrote:
"Mike" wrote in message
...
On Mar 19, 8:16?pm, wrote:
On Mar 19, 11:12?pm, wrote:





On Thu, 19 Mar 2009 22:18:38 -0400, Wayne.B
wrote:
On Thu, 19 Mar 2009 16:30:20 -0600, Vic Smith
wrote:
They already threw that sweet Bernie Maddof fellow in jail for life.
He wouldn't harm a fly. ?Now they're going after his wife.
The best way to insure that Bernie rots in hell is to take all of his
wife's assets. ? :-)
No the best way to make the last years of his miserable life more
miserable is to throw his wife in the cell with him.
Imagine looking forward to a lifetime of bitching, moaning and "I told
you so Bernie". ?
He would be swinging from the bars on his belt in a week.
I like John's quote.. Obama lied and the Economy died...- Hide quoted
text -

- Show quoted text -

I would respectfully remind everyone that this financial mess started
while Bush had the helm. While he and his friends had the helm.....
for eight long years. And did little except trample our civil rights,
and allow the Wall Street Mob to do whatever they wished. So here we
are...Probably be better to concentrate our attention and efforts on
saving the future.

It started a lot further back than Bush, or Clinton, or Bush 1.
Your comments about how this is all President Bush's fault is sound more
and more like the cries of a man drowning in the facts of the obama
vaudeville show.

I was the one who pointed out the past. For some reason my Outlook reader
does not always include

OT Confiscatory taxation
 

Eisboch wrote:

"HK" wrote in message
m...

No administration in my lifetime was more incompetent than the Bush
Administration.

I wouldn't know about $100 a pound steak. What's it taste like?


Chicken.

Eisboch


Well, that's a relief. I thought it might taste like...rattlesnake.

OT Confiscatory taxation
 

Calif Bill wrote:
"Mike" wrote in message
...
On Mar 19, 8:16?pm, wrote:
On Mar 19, 11:12?pm, wrote:





On Thu, 19 Mar 2009 22:18:38 -0400, Wayne.B
wrote:
On Thu, 19 Mar 2009 16:30:20 -0600, Vic Smith
wrote:
They already threw that sweet Bernie Maddof fellow in jail for life.
He wouldn't harm a fly. ?Now they're going after his wife.
The best way to insure that Bernie rots in hell is to take all of his
wife's assets. ? :-)
No the best way to make the last years of his miserable life more
miserable is to throw his wife in the cell with him.
Imagine looking forward to a lifetime of bitching, moaning and "I told
you so Bernie". ?
He would be swinging from the bars on his belt in a week.
I like John's quote.. Obama lied and the Economy died...- Hide quoted
text -

- Show quoted text -

I would respectfully remind everyone that this financial mess started
while Bush had the helm. While he and his friends had the helm.....
for eight long years. And did little except trample our civil rights,
and allow the Wall Street Mob to do whatever they wished. So here we
are...Probably be better to concentrate our attention and efforts on
saving the future.

It started a lot further back than Bush, or Clinton, or Bush 1.



While the USA is burning Obama is picking his NCAA brackets.

While the USA is burning Obama is eating $100 per pound steak.

While the USA is burning Obama has put incompetents in charge of the
government.

OT Confiscatory taxation
 

"Calif Bill" wrote in message
m...

"Mike" wrote in message
...
On Mar 19, 8:16?pm, wrote:
On Mar 19, 11:12?pm, wrote:





On Thu, 19 Mar 2009 22:18:38 -0400, Wayne.B

wrote:
On Thu, 19 Mar 2009 16:30:20 -0600, Vic Smith
wrote:

They already threw that sweet Bernie Maddof fellow in jail for life.
He wouldn't harm a fly. ?Now they're going after his wife.

The best way to insure that Bernie rots in hell is to take all of his
wife's assets. ? :-)

No the best way to make the last years of his miserable life more
miserable is to throw his wife in the cell with him.
Imagine looking forward to a lifetime of bitching, moaning and "I told
you so Bernie". ?
He would be swinging from the bars on his belt in a week.

I like John's quote.. Obama lied and the Economy died...- Hide quoted
text -

- Show quoted text -

I would respectfully remind everyone that this financial mess started
while Bush had the helm. While he and his friends had the helm.....
for eight long years. And did little except trample our civil rights,
and allow the Wall Street Mob to do whatever they wished. So here we
are...Probably be better to concentrate our attention and efforts on
saving the future.

It started a lot further back than Bush, or Clinton, or Bush 1.

Yeah, what he said and it must have been the corrupt democrats cause the
corrupt republicans were at a prayer meeting!

OT Confiscatory taxation
 

wf3h wrote:
On Mar 19, 6:04 pm, Keith Nuttle wrote:
The following was sent to the newspaper and several Senators.

I could not believe that the Senate was even going to consider the
confiscatory taxation bill that pelosi's house passed today. Anytime
that the Government of the United States singles out a specific group of
people and taxes their income at a 90% tax rate, it is wrong.

AIG is owned by the govt. those people work for us. we get to set
their salaries and bonuses.



These
bonuses were given with the full approval of the Senate, House, and
obama. Now that the company is doing what the Democrats gave them
permission to do, the US government is singling them out for
confiscatory taxes. If anyone would read the Constitution they would
find that singling out a group of people for this type of legislation is
also unconstitutional.

singling out a group of people is not unconstitutional. it probably IS
unconstitutional to try and break a contract which was legal at the
time it was made. but there is no excuse for this type of theft of our
money.

Retention bonuses have been given by companies for centuries to maintain
their staff when the company faces uncertain economic futures.

and since we own AIG, we have the power to fire those people at will.
in the US employment is 'at will'. so we can fire those managers if
we're unhappy with their performance



Because the company did not want to be
stripped of its staff, the government is going to penalize those
employees for staying and helping AIG return to a healthy company.

those people ran AIG into the ground. what fairy tales do you read? do
you know AIG has $150,000,000,000 in govt money in it?

Are you more concerned with punishing individuals who work at AIG or are
you more concerned with AIG becoming a healthy private enterprise again?

Apparently the president and people in leadership positions in the
senate and house have no concept of what to do about the economic
problems the country is facing today and are using every minor excuse to
divert the public's attention from their failures.

the right wing 'free market' folks got us into this mess....they
created the largest economy collapse since the great depression

Who is your employer?

Where do you buy your food?

Where do you buy your clothes?

Where do you buy your durable goods?

The free markets have a self correcting mechanism.

Government's only solution to problems is more regulation and taxation.

now you're saying to continue with those failed policies because of
your faith in them? you're worse than a creationist!

The failed policies are from over regulation by the government and
trying to implement social policy rather than follow sound business
principles.

we DID de-regulate the market. and collateralized default swaps went
from $920B in 2000 to SIXTY TWO TRILLION DOLLARS in 2007....

If we are playing the blame game, then you should be upset with Clinton.

is that the type of de regulation you had in mind?

Why should we keep propping up AIG and other private enterprises with
taxpayers money? Shouldn't we just let them go bankrupt? Or does the
fact that the Dodd and Frank would lose too much in campaign
contributions if that were to happen have any bearing on the decisions
by the legislative branch of government?

OT Confiscatory taxation
 

BAR wrote:


While the USA is burning Obama is picking his NCAA brackets.

While the USA is burning Obama is eating $100 per pound steak.

While the USA is burning Obama has put incompetents in charge of the
government.



If it is Saturday, it must be idiot's delight day.

Unlike Bush, Obama can walk, talk, and chew gum at the same time.

If the USA is burning, it is because Bush and the Republicans set it on
fire, and Obama is trying to put the fires out.

No administration in my lifetime was more incompetent than the Bush
Administration.

I wouldn't know about $100 a pound steak. What's it taste like?

OT Confiscatory taxation
 

"HK" wrote in message
m...

No administration in my lifetime was more incompetent than the Bush
Administration.

I wouldn't know about $100 a pound steak. What's it taste like?


Chicken.

Eisboch

OT Confiscatory taxation
 

On Fri, 20 Mar 2009 15:21:18 -0800, Calif Bill wrote:


It started a lot further back than Bush, or Clinton, or Bush 1.

Bush Basher that I am, I can't blame this on Bush. I believe the
government gets too much blame, *and* too much credit, for the economy.
The government might have developed the framework that allowed this to
happen, but they didn't cause it to happen. No one put a gun to the head
of Wall Street's Masters of the Universe and forced them to make
incredibly risky decisions. No one told Lehman Brothers they had to
leverage themselves 33 to 1. Greed and stupidity did that. This is a
free market, after all.

OT Confiscatory taxation
 

thunder wrote:
On Fri, 20 Mar 2009 15:21:18 -0800, Calif Bill wrote:


It started a lot further back than Bush, or Clinton, or Bush 1.

Bush Basher that I am, I can't blame this on Bush. I believe the
government gets too much blame, *and* too much credit, for the economy.
The government might have developed the framework that allowed this to
happen, but they didn't cause it to happen. No one put a gun to the head
of Wall Street's Masters of the Universe and forced them to make
incredibly risky decisions. No one told Lehman Brothers they had to
leverage themselves 33 to 1. Greed and stupidity did that. This is a
free market, after all.



If you look backwards to some legislation good old Phil Gramm
promulgated, you'll find some answers. Look up the Gramm-Leach-Bliley
Act. It allowed all sorts of financial mergers, such as the ones between
banks and insurance companies, and, bascially, deregulated the financial
services company.

In other words, it was a license for greed.

OT Confiscatory taxation
 

On Sat, 21 Mar 2009 10:44:54 -0400, BAR wrote:


Are you more concerned with punishing individuals who work at AIG or are
you more concerned with AIG becoming a healthy private enterprise again?

I think AIG is done. I think it's on government life support until they
can safely pull the plug. It was "too big to fail", it failed. Do you
really want to see that monster on the loose again? Break it up, and
sell the parts. Let them start over.


The failed policies are from over regulation by the government and
trying to implement social policy rather than follow sound business
principles.

"Over regulation?" I'd say it was more from deregulation. ;-)

OT Confiscatory taxation
 

On Sat, 21 Mar 2009 11:35:03 -0400, HK wrote:


If you look backwards to some legislation good old Phil Gramm
promulgated, you'll find some answers. Look up the Gramm-Leach-Bliley
Act. It allowed all sorts of financial mergers, such as the ones between
banks and insurance companies, and, bascially, deregulated the financial
services company.

In other words, it was a license for greed.

The Gramm-Leach-Bliley Act was a mistake, but it allowed this to happen.
It didn't cause this to happen. In the markets, greed has been, and will
be around forever. Nothing wrong with that, but it has to be balanced
with risk. IMO, it's the government's job to protect the economy from
the inevitable greed-risk imbalances. Some smart, hopefully minimal,
regulations have to be put in place to keep this disaster from happening
again. I would start by repealing Gramm-Leach-Bliley.

OT Confiscatory taxation
 

thunder wrote:
On Sat, 21 Mar 2009 11:35:03 -0400, HK wrote:


If you look backwards to some legislation good old Phil Gramm
promulgated, you'll find some answers. Look up the Gramm-Leach-Bliley
Act. It allowed all sorts of financial mergers, such as the ones between
banks and insurance companies, and, bascially, deregulated the financial
services company.

In other words, it was a license for greed.

The Gramm-Leach-Bliley Act was a mistake, but it allowed this to happen.
It didn't cause this to happen. In the markets, greed has been, and will
be around forever. Nothing wrong with that, but it has to be balanced
with risk. IMO, it's the government's job to protect the economy from
the inevitable greed-risk imbalances. Some smart, hopefully minimal,
regulations have to be put in place to keep this disaster from happening
again. I would start by repealing Gramm-Leach-Bliley.


That's a start. And I would also suggest that *all* financial
institutions be oversighted and regulated by effective state insurance
commissions who have the power to come in at anytime, unannounced, pull
the books and padlock the doors, if deemed necessary. I would also
stipulate more examinations by organizations like A.M. Best, which
investigates and rates insurance companies.

I'm also not a fan of the big national banks, and never have been. The
remaining solid ones out to be broken up into state or at best regional
entities.

OT Confiscatory taxation
 

On Sat, 21 Mar 2009 11:51:57 -0400, HK wrote:



That's a start. And I would also suggest that *all* financial
institutions be oversighted and regulated by effective state insurance
commissions who have the power to come in at anytime, unannounced, pull
the books and padlock the doors, if deemed necessary. I would also
stipulate more examinations by organizations like A.M. Best, which
investigates and rates insurance companies.

I watched a Congressional hearing yesterday where state's AG's
testified how their investigations in the financial area are seriously
hampered by federal rules which end up protecting fraudsters from
investigation and prosecution.
Barney Frank - who chaired - wasn't happy listening to them, and did
his best to brush their criticisms aside.
I don't trust this asshole at all, and he's running that show.
He's so busy covering his ass for his past malfeasance that he's
rendered himself ineffective.
The very people who allowed this mess to happen are now trying to fix
it. Best argument for term limits I've ever seen.

--Vic

OT Confiscatory taxation
 

Vic Smith wrote:
On Sat, 21 Mar 2009 11:51:57 -0400, HK wrote:


That's a start. And I would also suggest that *all* financial
institutions be oversighted and regulated by effective state insurance
commissions who have the power to come in at anytime, unannounced, pull
the books and padlock the doors, if deemed necessary. I would also
stipulate more examinations by organizations like A.M. Best, which
investigates and rates insurance companies.

I watched a Congressional hearing yesterday where state's AG's
testified how their investigations in the financial area are seriously
hampered by federal rules which end up protecting fraudsters from
investigation and prosecution.
Barney Frank - who chaired - wasn't happy listening to them, and did
his best to brush their criticisms aside.
I don't trust this asshole at all, and he's running that show.
He's so busy covering his ass for his past malfeasance that he's
rendered himself ineffective.
The very people who allowed this mess to happen are now trying to fix
it. Best argument for term limits I've ever seen.

--Vic


Just more evidence that the "free market system" is only free at the top
for those who want to abuse it.

We need to bust up these huge financial services companies. Your typical
small business owner wouldn't dream of committing the sort of fraud the
big guys engage in every day.

OT Confiscatory taxation
 

thunder wrote:
On Sat, 21 Mar 2009 10:44:54 -0400, BAR wrote:


Are you more concerned with punishing individuals who work at AIG or are
you more concerned with AIG becoming a healthy private enterprise again?

I think AIG is done. I think it's on government life support until they
can safely pull the plug. It was "too big to fail", it failed. Do you
really want to see that monster on the loose again? Break it up, and
sell the parts. Let them start over.

We, the US tax payers could have saved 150 billion dollars if we had let
AIG go into bankruptcy last fall. But, Geithner and Paulson stepped and
and put forth the view that AIG was too big to save. Barney Frank and
Chris Dodd had to earn the political contributions they received from AIG.

The free market folks, like me, wanted to clear a path for AIG and the
to the nearest bankruptcy court.

The failed policies are from over regulation by the government and
trying to implement social policy rather than follow sound business
principles.

"Over regulation?" I'd say it was more from deregulation. ;-)

Deregulation works. I can pay the same for a plane ticket from
Washington DC to Miami as I did 30 years ago.

OT Confiscatory taxation
 

On Mar 21, 10:36*am, BAR wrote:
Calif Bill wrote:
"Mike" wrote in message
....
On Mar 19, 8:16?pm, wrote:
On Mar 19, 11:12?pm, wrote:

On Thu, 19 Mar 2009 22:18:38 -0400, Wayne.B
wrote:
On Thu, 19 Mar 2009 16:30:20 -0600, Vic Smith
wrote:
They already threw that sweet Bernie Maddof fellow in jail for life..
He wouldn't harm a fly. ?Now they're going after his wife.
The best way to insure that Bernie rots in hell is to take all of his
wife's assets. ? :-)
No the best way to make the last years of his miserable life more
miserable is to throw his wife in the cell with him.
Imagine looking forward to a lifetime of bitching, moaning and "I told
you so Bernie". ?
He would be swinging from the bars on his belt in a week.
I like John's quote.. Obama lied and the Economy died...- Hide quoted
text -

- Show quoted text -

*I would respectfully remind everyone that this financial mess started
while Bush had the helm. *While he and his friends had the helm.....
for eight long years. *And did little except trample our civil rights,
and allow the Wall Street Mob to do whatever they wished. *So here we
are...Probably be better to concentrate our attention and efforts on
saving the future.

It started a lot further back than Bush, or Clinton, or Bush 1.

While the USA is burning Obama is picking his NCAA brackets.

While the USA is burning Obama is eating $100 per pound steak.

While the USA is burning Obama has put incompetents in charge of the
government.-

idiot. obama wasn't president when the dow dropped 50%. that was the
ultra right wing that was busily destroying unions, writing energy
policy to favor exxon and sending americans to die in war with no
purpose.

bush had 8 years to do something besides make the rich richer. he
didn't.