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Massive Wealth Destruction’

Discussion in 'News & Current Events' started by freeatlast, Jul 18, 2012.

  1. freeatlast

    freeatlast New Member

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  2. billwald

    billwald New Member

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    A person who owns a house or a farm free and clear, a person who owns a business free and clear will still own them after the recession sets in for good. Soft assets like stocks and bonds are more like tax deductible lottery tickets. In the new economy a manual skill like plumbing or car fixing might be more valuable than stock certificates.
     
  3. Salty

    Salty 20,000 Posts Club
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    Execpt for one minor detail:
    Taxes, More Taxes, Excessive Taxes
     
  4. billwald

    billwald New Member

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    Half the US economy is under the table, trading, bartering.

    Personally, I buy the argument that wages is not income. Wages are trading time for money. No one trades unless both parties come out ahead so if we are going to tax trades - the employer should pay the same tax as the employee.
     
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