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alstry (36.34)

Digital Age Lesson #2

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May 14, 2010 – Comments (7)

In Lesson #1 we learned:

ALL PROPERTY RIGHTS EMINATE FROM THE SOVERIGN

In Lesson #2 we realize:

WHEN THE SOVERIGN IS BROKE....IT WILL TAKE BACK PROPERTY FROM YOU.

SAN FRANCISCO (MarketWatch) -- Citing the most severe economic downturn since the Great Depression, California Gov. Arnold Schwarzenegger laid out a draconian plan Friday to close an estimated $19 billion budget gap with steep spending cuts and higher taxes.

The new budget calls for $12.4 billion in spending cuts and $4.9 billion in higher taxes.

Personal income taxes will go up 5.1%, corporate taxes will increase 4.2% and liquor taxes will rise 6.6%. An estate tax will be imposed -- a move that could raise $892 million. The plan also calls for a 4.8% surcharge on home- and commercial-insurance policies to pay for fire protection.

What's more, most state workers will see a 10% reduction in wages under the proposal.

http://www.marketwatch.com/story/new-calif-budget-calls-for-deep-cuts-more-taxes-2010-05-14

Right now government is running out of money.....plain and simple.

The problem is government is still operating on Industrial Age habits although cash flow is being reduced to Digital Age levels.

In the Digital Age...we can probably get rid of most towns, cities and counties as administration can easily be centralized at the state levels due to increased efficiencies.  The cost savings will be enormous as we can probably reduce government employment by 7 to 10 million workers.

The tension between transitioning from the Industrial Age to the Digital Age will be uncomfortable for many....but in the end it will lead to a healthier, happier, and more community orientated lifestyle.

7 Comments – Post Your Own

#1) On May 14, 2010 at 10:03 PM, HarryCaraysGhost (99.61) wrote:

+1

Lets get down to brass tax.

Who do you like in the Preakness?

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#2) On May 14, 2010 at 10:04 PM, alstry (36.34) wrote:

RIGHT NOW THE GOVERNMENT IS TAKING THE MONEY FROM CITIZEN SHEEP AND GIVING IT TO THE BANKERS AS THE SHEEP WATCH THE TICKER

VERY FUNNY!!!!!  AND A SAD PERSPECTIVE OF SHEEP

The Daily Show With Jon StewartMon - Thurs 11p / 10c
Hoarders
www.thedailyshow.com
Daily Show Full EpisodesPolitical HumorTea Party

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#3) On May 14, 2010 at 10:25 PM, alstry (36.34) wrote:

HOW MUCH OF YOUR MONEY ARE THE SHEEP GOING TO GIVE THE BANKERS AND POLITICIANS?

Philadelphia to raise property tax nearly 10%...

As far as the Preakness goes....in this time of austerity....we have to go with Super Saver as the odds on favorite with the luck of the Irish driving Dublin as a strong contender and Lookin at Lucky trying to steal that Irish luck.  There is your trifecta box.

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#4) On May 14, 2010 at 11:01 PM, Rasbold (91.42) wrote:

This is not good.

 

1230/oz.

mine gold....and your Dow will never Jones.

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#5) On May 15, 2010 at 8:01 AM, tfirst (27.00) wrote:

Welcome to the Socialist Republic of America.....comrade...

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#6) On May 15, 2010 at 3:45 PM, Option1307 (30.18) wrote:

Good video!

+1

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#7) On May 15, 2010 at 8:12 PM, caterpillar10 wrote:

All this is the same old - same old, but now new, improved, wholesale and on steroids. Ever since the Federal Income Tax went into effect the IRS has had the ability to target and rob just about anyone they desire. Here's how it works. Monitor the returns and find any error that results in any shortage or even a refund overpayment. Re file that return 'on their behalf':) and wait a few years while the magic of penalties, late charges, and compound interest does its' thing. Bill them for the resulting $10K - 50K - 100K whatever.....

Did ya pay it yet dooshbag? No? Well, say adios to your paycheck, savings, and property - going once - going twice......bada bing bada boom.   

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