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18 replies

Who's Left? A few Superwealthy, and the Rest of Us, The Tapped Out Masses.

J JugflierHall of Famer
A very good article on the planned destruction of our economy and nation. It explains a lot for people to understand.
If you are not familiar with Alex Jones, his website is www.infowars.com

http://www.infowars.com/whos-l...e-tapped-out-masses/

quote:
With the backing of the stealthy Fed Chairman Alan Greenspan, and a compliant republican controlled congress, Clinton signed on to the North American Free Trade Agreement (NAFTA), and the General Agreement on Trade and Tariffs (GATT), both of which essentially destroyed our ability to be a self-sufficient nation, and caused a tremendous exodus of jobs out of the US.

Ross Perot, forced out of the presidential race of 1996, warned us about the dangers of both GATT and NAFTA, but the International Banking Cartel wanted both Trojan horse “trade” agreements forced on America, in order to eliminate her as a beacon of hope and light in a dark world. In the Cartel’s One World Order there is to be parity amongst all nations – all equally poor.

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ferrelljferrelljOld Faithful
Obama and Congress need to dissolve the free trade agreements. There needs to be tariffs placed on all imports which would help with the budget deficit. tariffs would also help us get over our dependancy on foreign products(mainly Chine-Mart). More products would then be needed from US manufacturers, job problem solved.
teyatesteyatesOld Faithful
The first thing we need to do is enact a Flat Tax or a tax system that depends upon the consumer. The progressive income tax system is not going to work. The middle classes will never pay off this debt as it stands, and we are not going to get rid of these problems until we can sustain our government, and not borrow money to run it.
D dolemitejbHall of Famer
Flat taxes, tariffs, and trade barriers aren't going to solve problems or create jobs. Instead of trying to figure out how to fix the deficits by coming up with enough revenue to cover expenses, we need to figure out how to cut expenses below revenue. The only way to create jobs on any significant scale is to boost productivity. The best way to do that is to stop using our resources to support the debacle we call our government.
ferrelljferrelljOld Faithful
I disagree that tariffs and trade barriers will not create jobs. The reason we lost jobs to overseas markets is mainly because of the cheap labor and lack of regulations that the overseas markets enjoy. The tariffs would add some money to the coffers as well as make it more profitable to make some of the things here.
K kperk014Post Master
The problem is, middle America is being stretched at both ends. We are being pulled from above by ruthless, greedy people of both liberal and Conservative persuasion and from below by the growing masses of people who are unwilling to do ANYTHING to help themselves other than to vote dimocrat. Just as a rubber band stretched too far, eventually it will break.
D dolemitejbHall of Famer
quote:
I disagree that tariffs and trade barriers will not create jobs. The reason we lost jobs to overseas markets is mainly because of the cheap labor and lack of regulations that the overseas markets enjoy. The tariffs would add some money to the coffers as well as make it more profitable to make some of the things here.


Yes, that's mercantilism - a failed system. A thriving economy can safely import goods. Propping up domestically produced goods might have a short-term net benefit, but in the long-term it only forces us to devote more resources to consuming over-priced goods. Such a system marginally benefits labor (small gains in wage are offset by higher costs), doesn't benefit consumers, and ultimately only benefits the proprietors of industries protected from international competition.
teyatesteyatesOld Faithful
Currently however it seems to be working in China. In in the US, all of the elitists are calling for a more "european" style of commerce, but in reality the asian techniques seems to be working. They will provide short term assistance to a company to decrease costs production in an effort to maintain employment, until the comapany can either restructure or retool to make another product. here in this country we think the answer is to stick more taxes and regulations on a comapny, especially in the middle of downturn like we are having now.
D dolemitejbHall of Famer
quote:
Currently however it seems to be working in China. In in the US, all of the elitists are calling for a more "european" style of commerce, but in reality the asian techniques seems to be working. They will provide short term assistance to a company to decrease costs production in an effort to maintain employment, until the comapany can either restructure or retool to make another product. here in this country we think the answer is to stick more taxes and regulations on a comapny, especially in the middle of downturn like we are having now.


You really can't make comparisons with China. The difference in wages alone makes an apples to apples comparison extremely difficult. China fills the "cheap" demand, so government support of a particular industry while they're re-tooling for the next cheap thing could, theoretically, work for a while. This is contingent upon knowing exports will resume to the level they were at prior to government assistance. We can't do that.
J JugflierHall of Famer
quote:
Originally posted by kperk014:
The problem is, middle America is being stretched at both ends. We are being pulled from above by ruthless, greedy people of both liberal and Conservative persuasion and from below by the growing masses of people who are unwilling to do ANYTHING to help themselves other than to vote dimocrat. Just as a rubber band stretched too far, eventually it will break.


Very good analogy Kperk.
J JugflierHall of Famer
quote:
Originally posted by elinterventor01:
High tariffs shut down world trade and ensured a recession became the Great Depression.


Ventor, Our founding fathers were highly smart and ecucated men. The original founding of this nation had no income tax. The governments only method of taxation was tarriffs. This system of government lasted from 1776 to about 1910 when the first income tax was passed. By my math, that makes about 135 years this country existed, fought wars, expanded westward, and did it all on a taxation system based on tariffs.

You are spouting the laissez faire economic theory of Milton Friedman that we have been under for 30 years that has destroyed the American way of life.
Tenn on my mindTenn on my mindHall of Famer
quote:
Originally posted by Jugflier:
quote:
Originally posted by elinterventor01:
High tariffs shut down world trade and ensured a recession became the Great Depression.


Ventor, Our founding fathers were highly smart and ecucated men. The original founding of this nation had no income tax. The governments only method of taxation was tarriffs. This system of government lasted from 1776 to about 1910 when the first income tax was passed. By my math, that makes about 135 years this country existed, fought wars, expanded westward, and did it all on a taxation system based on tariffs.

You are spouting the laissez faire economic theory of Milton Friedman that we have been under for 30 years that has destroyed the American way of life.


Spot on, Jug. The President said we are going to "double" our exports. Just explain, to me, what are we making that the world wants that much of? And who will buy it? China is cutting back on their imports. The rest of the world is hurting, so who will buy, double what we are making? He really thinks, we are that stupid. He says it, so it must be true. Common sense says no.
D dolemitejbHall of Famer
quote:
Ventor, Our founding fathers were highly smart and ecucated men. The original founding of this nation had no income tax. The governments only method of taxation was tarriffs. This system of government lasted from 1776 to about 1910 when the first income tax was passed. By my math, that makes about 135 years this country existed, fought wars, expanded westward, and did it all on a taxation system based on tariffs.

You are spouting the laissez faire economic theory of Milton Friedman that we have been under for 30 years that has destroyed the American way of life.



I'm not an expert on 17th and 17th century tariffs, but have always understood that they were alomst never administered evenly. A uniform trade tafiff isn't bad, theoretically - there could be a small tariff places on ALL imports to raise a minimum amount of necessary revenue. Protectionist tariffs, on the other hand, are harmful to he economy.
elinterventor01elinterventor01Post Master
quote:
Originally posted by Jugflier:
quote:
Originally posted by elinterventor01:
High tariffs shut down world trade and ensured a recession became the Great Depression.


Ventor, Our founding fathers were highly smart and ecucated men. The original founding of this nation had no income tax. The governments only method of taxation was tarriffs. This system of government lasted from 1776 to about 1910 when the first income tax was passed. By my math, that makes about 135 years this country existed, fought wars, expanded westward, and did it all on a taxation system based on tariffs.

You are spouting the laissez faire economic theory of Milton Friedman that we have been under for 30 years that has destroyed the American way of life.


Sorry, NO! Excise taxes were also a major method of taxation. The Whiskey Rebellion was the first test of taxing alcohol. President-General Washington personally lead the troops to put down the insurrection. Other taxes such as the telephone tax was passed to pay for the Spanish-American War. Income tax was passed to pay for the Union portion of the Civil War. Really should research, before engaging keyboard.

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