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alstry (34.91)

Is It Time To Tax Bank and Stock Accounts

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November 30, 2009 – Comments (9)

With so many of our citizens unemployed, fewer and fewer are able to pay taxes.  With real estate crashing and businesses shutting down, corporate tax receipts are collapsing.  Even sales taxes are imploding.

Our President wants to expand our military operations.....yet our tax receipts are insufficient to even pay for food stamps, unemployment benefits, or medicare.

Buffett is bullish on America....so he knows that Americans will step up to the plate when duty calls......and right now our government needs money so it can continue to defend us......

At this point, based on the generosity of the FED keeping intererst so low, our stock market is trading at a massive multiple to earnings despite declining sales.  In return, it would only be fair if we gave some of it back to our government to help support the effort.....

The poor give their children.....can't the rest of the citizens give their money......after all, we are running a annual deficit of about $2 Trillion dollars per year.....or $60,000 for the top 10% of the wealthiest Americans.

If the top 10% wealthiest Americans,, those making over $100K simply handed over $60,000 for every person in their family, we would be able to balance the budget.........I know many of the top 10% don't even earn that much.....but if they simply dipped in to retirement, savings, and investment accounts.......it could go a long way helping out the cause.

What many of you don't know is it already may be happening without you knowing by your investment managers handing Wall Street your money by investing in insolvent entities........

You think I am kidding????........1.01.10.........Welcome to Zombulation Nation....where we are ALL Dubai.

9 Comments – Post Your Own

#1) On November 30, 2009 at 4:44 PM, bridgeboy0 (30.26) wrote:

I would suggest instead a simple tax of 10 cents for every useless blog post that is made and results in wasting people's time.  I think that would rapidly balance the budget and make the world a better place at the same time.

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#2) On November 30, 2009 at 5:20 PM, davejh23 (< 20) wrote:

10 cents for every useless blog post...we just need every head of household to post 200,000 useless blog posts each year and we're set!...that's if tax receipts hold steady...it might have to be more like 300,000 per year.  Actually, that's just to balance the budget...if we ever want to pay down the national debt, it should probably be more like 1,000,000 per year.

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#3) On November 30, 2009 at 5:35 PM, alstry (34.91) wrote:

My silly little Fools...if we don't balance the budget....everything you own is worthless through hyperinflation.

Why do you think Alstry is so bullish on America just like Mr. Buffett....both  Warren and Alstry know that everything you own can belong to America in an instant....and based on the current zombulation policy.....you may be surprised how quickly things change.

Only a Fool wouldn't be bullish on America.

1.01.10....When all Fools should be bullish on America.

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#4) On November 30, 2009 at 5:53 PM, alstry (34.91) wrote:

No Doubt The Recession Is Over....Demand is a Lagging Indicator!!

BUSTI - On Monday, Cummins Engine announced it will be laying off at least 400 employees at the start of the year because of decreased demand.

A Binion's Gambling Hall & Hotel spokeswoman says the downtown Las Vegas property that used to host the World Series of Poker will mothball its 365 hotel rooms in a cost-cutting move....100 employees fired.

WE BETTER TAX BANK ACCOUNTS AND BROKERAGE ACCOUNTS SOON.....OR NOBODY WILL BE PAYING TAXES, GOVERNMENT WILL RUN OUT OF MONEY AND OUR CURRENCY MAY BE WORTHLESS!!!

Reality sucks if you were Madoff's client.....same if you invested in Dubai.....but if Obama takes all we got......America will not end up that way and we should all be very bullish on America.

Pay close attention to tomorrow night's speech.....there will be some gems in there.

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#5) On November 30, 2009 at 6:03 PM, alstry (34.91) wrote:

YUP....Construction is a Lagging Indicator too!!!!

A drastic drop in commercial construction contracts sent Central Ohio’s building pipeline to a nearly 70 percent decline in October, according to new data from McGraw-Hill Construction.

Birmingham-area new home construction plummets 64% in October

Just like Alstry said, by 1.01.10.....construction in America will come to a grinding halt!!!!!

It is not the end of the world....just the end of a world as you know it when the recession is over and as patriotic citizens....we might be compelled to give government everything we have to protect us!!!

Maybe in return, government could help us get a break on our mortgages.....

When we can't borrow and our savings runs out....we are Zombulated.......

Ask not whether you are Zombulated.....but whether your Zombulation is bullish for America.

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#6) On November 30, 2009 at 7:34 PM, alstry (34.91) wrote:

Everybody is Dubai Now........

China's overdue credit-card debt up sharply

Time is running out 1.01.10........

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#7) On November 30, 2009 at 7:55 PM, alstry (34.91) wrote:

Not only are we ALL Dubai....but Dubai is us as well.....

Dubai World heavily invested in US hotels

Welcome to Alstrynomic's Concentric Contraction....

Worries that Dubai washing its hands of debt woes

You Knew It 9.09

You Felt It 11.10.9

1.01.10.....It Happens

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#8) On November 30, 2009 at 9:16 PM, alstry (34.91) wrote:

You're Dubai...No I am Dubai....No You're Dubai...We are ALL DUBAI....Oh My!!!!!!

Virginia is robbing Peter to pay Paul because it is plain flat out broke. Bankrupt is probably a better word. To pay unemployment benefits, Virginia will borrow $1.26 billion and pay it back plus interest by jacking up unemployment taxes.

http://globaleconomicanalysis.blogspot.com/2009/11/virginia-borrows-126-billion-to-pay.html



 

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#9) On December 01, 2009 at 2:19 AM, jddubya (32.44) wrote:

#1 has the correct solution!  And I believe bridgeboy0 more than I believe Alstry because bridgeboy0 has a higher caps score.

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