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American Capital Agency Corp. Message Board

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  • munirqasim42 munirqasim42 Nov 23, 2012 9:59 AM Flag

    The Math of Taxes

    Ray: I read your both writings. I think you can be very good HISTORIAN and can earn more money than in this crummy market.

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    • mcmsbm Nov 25, 2012 9:59 AM Flag

      History is fun, but when fundamentals change, history has less significance... In the past, taxes were levied to pay for the cost of government. Now, there is no connection between tax revenue and the cost of government. Politicians spend with no acknowledgement of income/revenue. See absense of a federal budget over the past several high-borrowing years... Taxes are raised or lowered solely to fulfill social policy, social agendas.of people (some elected, many more appointed or employed) in Washington.

      • 2 Replies to mcmsbm
      • One sentence is brilliant in its simple statement of the truth - " connection between tax revenue and the cost (spending) of government."

      • It's just one big money grab with the rats trying to get as much as they can before everything crashes down like Greece. And when it does they will blame the Republicans as if spending more than the economy could sustain had nothing to do with it. And they will believe their own words. They won't be lying because they will actually think that they are right. That is the scariest part of it. Because it means that you just keep repeating the same mistake over and over. This is why I often tell people that you don't go to heaven or hell when you die because they are already in hell. That's what this is!!!! All I can say that in the life I had before I must have done something really bad to deserve this.

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