wrote in message ...

On Wed, 10 Oct 2012 18:48:39 -0700, "Califbill"
wrote:

wrote in message ...

On Wed, 10 Oct 2012 17:44:51 -0700, "Califbill"
wrote:

as the
government has taken all available credit money from the economy

Right idea, wrong bad guy.

Facts say that the money is held by the richest people, who are
sitting on the money and keeping it out of circulation.

The government has foolishly printed more money in an attempt to put
more money in the hands of those that will allow it to trickle up.
That won't work.

Until a sizable portion of that 85% of cash held by the richest is
returned to the middle class, the economy CAN NOT get any better.

It is just a mathematical fact.

http://wealthfacts.org/?page_id=44


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I said the credit money. Want to start a business. Yup? Well see if you
can get a loan. Those trillion dollar deficits are financed with the
available credit money. Very little to go to the lower echelon. History
is
sort of repeating in this country. 1912, 15% had 65% of the money. 65% of
the people lived in poverty. The Great Depression was caused by big
government and lack of controls. WW2 was both caused a lot by the
depression, but it was what got the USA out of the depression. WW2 also
made us the economic powerhouse for a lot of years, as most of the rest of
the industrial world was in devastation. But with the elites in power,
helping themselves to stay in power, and controlling government, just like
now, the allowed companies to merge and build use powerful conglomerates,
instead of spending their money on modernizing factories, they spent it
buying competitors. Steel left the US as we both ran lower on iron ore,
and
had old inefficient Bessemer Process foundries. While those devastated
countries rebuilt with US help with modern, more efficient factories. And
while we controlled 85% of the manufacturing, the management kept
overpaying
the help, as their was not competition. Now we are paying the price. 60
million functional illiterates' in this country. How are we going to
compete? With a dumb, lazy workforce and old factories, and a huge bloated
Federal and state government, with the inefficiencies of large
bureaucracies. We are screwed in this country. As we have an electorate
who is voting for whomever promises the most gimmies. As to cash. There
is
a finite amount, and the richest probably do not have that much. They have
assets. Gold, land, factories, banks.

Really?

At the end of WWII, what was the tax rate on the wealthiest Americans?
Or, better yet, what was the approximate tax rate from 1936 until
1964?

Hint: it was more than twice what it is claimed to be, now, but Romney
(as a typical example) paid one third of that amount!

Nice FAUX news position, unfortunately, it ignores the facts.

http://www.taxpolicycenter.org/taxfa....cfm?Docid=213


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That 70% tax rate was a fallacy really. I do not know how old you are, but
in those days there was lots more deductions. LOTS! For the middle class
and lower, you got a deduction for Sales Tax. Plus if you made a major
purchase, that was added to the tax table interest deduction. You got
Credit Card interest, and any consumer loan interest. You got a standard
deduction that adjusted for inflation was probably higher than now. Medical
was a better deduction then. How many actually paid anything at 70%? And
even if you did not deduct anything now, you will never pay 35% on your
income. That is the top tier. Any money you made less than the top tier is
taxed at a lower amount. 14% is actually pretty high percentage these days.
Most of us in the middle class are probably in the less than 10% range. And
lots of Romney's money was at the qualified dividend rate of 15% which means
the money was already taxed at a high rate before it was distributed.