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RANsquawk 18th February Morning Briefing - Stocks, Bonds, FX etc.

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Thu, 02/18/2010 - 11:14 | 235340 BernankeCo
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When folks finally see that they can’t just get someone else to pay for all this, there will likely be a
huge tax rebellion
which will cause more short term problems, but may in the long term (hopefully) have the effect of getting the government to manage our money better. In the meantime, let’s hope we don’t have too many large national
disasters
, military conflicts, pandemics or the like to deal with. This country is in a lot of trouble and we need to start thinking like Americans instead of Republicans or Democrats if we’re going to get through this. We're still in a depression
mess……..

Fri, 02/19/2010 - 12:52 | 237661 Anonymous
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Anybody up for a Wealth Tax ??? Similar to real estate taxes. An offset to the 16% tax rate that our overlords have arranged for themselves.

Max out at 1% for assets above $50,000,000. Min at 0% for assets under $10,000,000.

Scaled to draw $160-billion a year, $1.6-trillion a decade.

No exceptions for nonprofits -- excepting houses of worship, hospitals, clinics, museums, private park lands, and the like.

Draw down the $55-trillion of private assets and do it fairly.

Mon, 04/19/2010 - 08:30 | 307590 Tom123456
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