The money's got to come from somewhere

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In summary, the conversation discusses the issue of federal spending and taxation in the US, with one side proposing a wealth tax as a solution. However, another participant argues that this tax would not solve the problem and criticizes the government's wasteful spending and corporate subsidies. The conversation also touches on the issue of corruption and the role of the TEA Party in addressing these problems. Overall, the group agrees that the wealth disparity in the US is a problem, but there is disagreement on the best approach to address it.
  • #36
Many countries have big debts. Debts with whom? Who is the very rich one?
 
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  • #37
There is already a wealth tax. It is called inflation (A.K.A quantitative easing). However, the revenue from this tax is disguised as profits by corporations which can borrow cheaper than the expected risk free rate of return on an investment.
 
  • #38
Just for once, I'd like to hear a president say: "I'm afraid we don't have enough money to get involved in that war."
 
  • #39
John Creighto said:
There is already a wealth tax. It is called inflation (A.K.A quantitative easing). However, the revenue from this tax is disguised as profits by corporations which can borrow cheaper than the expected risk free rate of return on an investment.

Care to support these comments?
 
  • #40
WhoWee said:
Earlier today, Neil Cavuto and Orrin Hatch were discussing Solyndra. Hatch said Solyndra received more tax money (over $500 Million) than 35 of the States received for highway construction.

Btw - why would Solyndra Executives need to "take the 5th"?
http://latimesblogs.latimes.com/mon...ifth-amendment-wont-testify-before-house.html

"Solyndra execs to take 5th, refuse to testify before House panel"

IMO - if they refuse to testify - the IRS and FBI need to make this investigation their number one priority!

The FBI is already investigating; don't know about the IRS.

Skippy
 

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