Re: My sell price on silver just went to "n/a"
packfan_1982 said:
Well everybody lets just hold on a second here.
In response to scooba steve, here is an article from wikipedia.
In the United States at the end of 2001, 10% of the population owned 71% of the wealth, and the top 1% controlled 38%. On the other hand, the bottom 40% owned less than 1% of the nation's wealth.[18]
In 2003, the 1% with the highest salaries paid more than 34% of the nation's federal income tax; the 10% with the highest salaries paid nearly 66% of the total income tax; the top 25% paid 84% of the income taxes; and the upper 50% accounted for nearly 97% of US income tax revenue, primarily because, as stated above, the bottom 40% had comparatively no wealth (less than 1%) to be taxed in the first place.[19] The US has a progressive tax structure which taxes less for smaller incomes; correlating income taxation to wealth is misleading.
Also, wealth is not taxed in the United States except with estate taxes upon death, so a small amount of wealth has nothing to do with who bears the most income tax. For instance, Warren Buffett has an estimated net worth of $62 billion (2008), ranked one of the richest men in the world. Yet his taxable income is $46 million (2006), about 0.1% of his net worth. And his tax rate is the below-average 17.7% (2006).
Your numbers aren't exactly right, but even then why would that lead to the demise of the U.S.?
Fisrt you must take into serious consideration that "Redistribution of Wealth" & "Transfer of Wealth" are 2 totally different subject and in fact in complete opposition to each other.
I would just like to point out that there are alot of people out there who are making ALOT of money from this fear mongering. Glenn Beck has gold line as a sponsor for a reason. All of the advice to buy gold and pm's isn't a public service, they are doing it because they are making money from the public buying pm's. ALOT of public opinion about the state of our economy in regards to the value is being driven by these private entities that have an end goal of proffiting from the sale and purchase of gold and silver.
I'm not saying that there isn't a problem but maybe everybody should take a step back and realize that we have been printing money like crazy and a double cheeseburger from mcdonalds is still just $1.
Who's numbers are incorrect?
Your numbers are spot on but those numbers only matter some of the time but we'll get back to that in a minute.
It's a fact that most of the larger U.S. corporations claim a loss on their taxes make it possible for them to profit and not have to pay taxes like the small business owners. There is a HUGE transfer of wealth to the rich and there has been for quite some time. The difference now is that it is becoming a lot easier to prove. Let's start with taxes since you brought them up. There is a constant shift in who bears the burden of taxes and who stands to profit during tax season. In the early 1990's taxes were raised there was a boom and on a state level taxes increased a significant amount. It was more or less a "regressive tax". This would be a tax that only effects the poor & middle class. For example, the sales tax. But when it came time to CUT taxes, they did not lower the sales tax but instead cut taxes that fell more heavily on wealthy families. So on a state level, a family that makes $500,000.00 pays less in taxes than a family who makes $40,000.00. This shift is tax burden also happens on the Federal level with taxes implemented by tje Reagan administration when he increased the " payroll tax " (Also a regressive tax) and at the same time the progressive taxes were being decreased.
Anyone who says that the rich have not riding the broken backs of the poor are seriously mistaken. Contrary to the claims of some conservatives that 40% of Americans pay no taxes, most pay far more than is realized. A guy flipping burgers may even be paying a higher percentage of income in taxes than Warren Buffet.
So then again, I think that your number are only correct some of the time but either way I still see that the wealthy do not pay more taxes in ration to the poor communities of the U.S. And if there is any welfare for the poor it is because it was put into place by the wealthy bankers who stand to profit. It is a fact that the FED and it's cronies profit 3 - 6x for every dollar spent on the welfare funds.
Here are just some of hundreds of ways the rich get richer unfairly.
1. Corporate Welfare - At least 100 billion dollars is taken from all of us taxpayers and handed over to corporations in this country every year. Much of that is then handed out in bonuses to wealthy managers of these companies.
2. Pension Raiding - Wealthy corporate officers raid the pension funds of employees to enrich themselves further.
3. Spreading the Wealth - Both Obama and McCain decided that it would be a good idea to spend $300Billion buy up bad mortgages which meant that the people that did pay their mortgages would also be paying for the rich to be able to pay for their mortgages. Meaning that because I bought a home that i can afford, I now have to help pay for homes that the rich bought which they could not afford.
4. Bailouts Bonuses & Banksters - Need i say more? Of Course. Goldman & Sachs was paid 10Billion in bailout money and they used 6.8 billion to payout in executive bonuses.
5. Tax loopholes - These loopholes are only significant when you are rich.
6. Welfare 4 Millionaire Farmers - Talk to the minimum wage workers about this one. So sad.
7. The Social Security ponzie scheme - about $100 billion annually goes to retirees who make more than the average household income - a huge transfer of wealth from young to old and sometimes from the poor to the wealthy.
8. Preying on Poor Countries - Imagine a scheme to make rich bankers richer while making some of the poorest people of the world poorer, and all at U.S. taxpayer expense. You don't have to imagine it - it has been around for a while.
9. Property Taxes are far worse for the poor - How? The renters usually pay the property taxes for the owners. Not that this is wrong but it's a good example.
10. My favorite! The FEDERAL RESERVE- How do you take billions from the people without them knowing? Print money to loan to their government at interest. This is one of the biggest rip-offs you'll ever read about.
. Of course am laughing now, hope am still laughing tomorrow, next week, month, year, ...... . 
,and 
,and not sweating the little stuff. Been unemployed for 18 months now and never in my life as relaxed, at peace as am now.
