Originally posted by neo96
reply to post by spinalremain
government accounting is a farce any anyone who believes the clinton surplus is naive.
look it up for yourself.
Yes the wealthy do pay the most taxes in this nation. The top 10 percent of this country do pay 65 percent of our taxes..... because they own 80 percent of the wealth.
) WASHINGTON -- A recent analysis of the 2007 financial markets of 48 countries has revealed that the world's finances are in the hands of just a few mutual funds, banks, and corporations. This is the first clear picture of the global concentration of financial power, and point out the worldwide financial system's vulnerability as it stood on the brink of the current economic crisis....
www.insidescience.org...
Top 50 % of taxpayers, by income - paid over 96 percent of the total (2000, 2001, 2002)
Top 5 % of taxpayers -paid 53.8 percent earned 30.6 percent of income (2002)
Top 1 % of taxpayers - paid 33.7 percent of all individual income taxes (2002)
Treasury Department analysts credit President Bush's tax cuts with shifting a larger share of the individual income taxes paid to higher income taxpayers.
share of taxes paid by bottom 50 % will fall from 4.1 percent to 3.6 percent
Tax Year 2008
%tiles Ranked by AGI.... AGI Threshold on %iles..... % of Fed... Tax Paid
Top 1%................................. $380,354.............................. 38.02
Top 5%................................ $159,619................................ 58.72
Top 10%................................. $113,799....................................... 69.94
Top 25%................................ $67,280................................. 86.34
Top 50%................................ $33,048................................. 97.30
Bottom 50%....................... <$33,048.................................... 2.70
Note: AGI is Adjusted Gross Income
Source: Internal Revenue Service
A 133 billion dollar deficit is pretty damn low, regardless. On a side note, one of the alarming things that occurred under the GWB administration is only 3 million jobs were created, compared to 23 million under Clinton. That number under GWB is the worst under any POTUS since those statistics have been tracked.
The problems is we have exported most of our manufacturing and jobs, The rest of the world knows we cannot expand the economy enough to cover another credit expansion so they are not giving us any credit.
followed by Wally Mart, Kelly Temp Services and McDonalds.
linky ..In 2000, 28 percent of all freshmen entering a degree-granting institution required remedial coursework...
Surveys of corporations consistently find that businesses are focused outside • the U.S. to recruit necessary talent. In a 2002 survey, 16 global corporations complained that American schools did not produce students with global skills. United States companies agreed. The survey found that 30 percent of large U.S. companies “believed they had failed to exploit fully their international business opportunities due to insufficient personnel with international skills.” One respondent to the survey even noted, “If I wanted to recruit people who are both technically skilled and culturally aware, I wouldn’t even waste time looking for them on U.S. college campuses.”
www.edreform.com...
...True revolution is the only way and if that occurs it'll probably be another 50 or 100 years before another one will be needed.....
) ...We're talking about a river of unearned wealth that is so wide you can't even think of crossing it, flowing perpetually into the banking cartel. A dead short across the productive element of society. Money being taken from people who are working hard providing the material and the labor. They don't even know that this is being taken from them and it's in this huge river of wealth flowing into the banking cartel. It's a staggering thought.
You are led to the question of where is this river flowing? Where's it going? ....
They're not accumulating it at all. What are they spending it for? The answer may surprise you. They're not buying more yachts and mansions with this money, they've already got all of those they possibly want....
When a person has all the wealth that you could possibly want for the material pleasures of life, what is left? Power. They are using this river of wealth to acquire power over you and me and our children.
They are spending it to acquire control over the power centers of society. The power centers are those groups and institutions through which individuals live and act and rely on for their information. They are literally buying up the world but not the real estate and the hardware, they're buying control over the organizations, the groups and institutions that control people.
In other words, to be specific, they are buying control over politicians, political parties, television networks, cable networks, newspapers, magazines, publishing houses, wire services, motion picture studios, universities, labor unions, church organizations, trade associations, tax-exempt foundations, multi-national corporations, boy scouts, girl scouts, you name it.
Make your own list of organizations and you will find that this is where those people have been for many decades spending this river of wealth to acquire operational control particularly over those institutions and individuals, those organizations that represent opposition to themselves. That's a critical area for expenditure on their part..... www.bigeye.com...
"The impulse to possess turf is a powerful one for all species; yet it is one that people must overcome." ...
"global rules of custom constrain the freedom of sovereign states," ...
"sensitivity over the relationship between international responsibility and national sovereignty [is a] considerable obstacle to the leadership at the international level,"....
"Although states are sovereign, they are not free individually to do whatever they want." - Maurice Strong, a member of the Commission, and a likely candidate for the position of Secretary General, said in an essay entitled Stockholm to Rio: A Journey Down a Generation: "It is simply not feasible for sovereignty to be exercised unilaterally by individual nation-states, however powerful. It is a principle which will yield only slowly and reluctantly to the imperatives of global environmental cooperation." sovereignty.net...
This has to be one of ATS's more thoroughly researched and intelligent threads.
The INCOME TAX taxes EARNINGS not accumulated wealth therefore we have no idea if the top 1% who OWN 90% of the wealth pay even one thin dime in tax. ALL of the earning could easily go into tax exempt foundations used to buy POWER.
There are three assumptions underlying Rothschild's formation of the Human Capital Performance Bonds plan:
Assumption 1: Quality nonprofits create social value
Assumption 2: Social value equates to economic value (the value can be monetized)
Assumption 3: Economic value equates to cash flow "You can monetize the economic value of most social programs, if they avoid costs and increase revenues to the state," "The state now is spending money without knowing what it gets in return because it doesn't measure outcomes, it doesn't capture value and it doesn't reward high performance based on value being created." Measuring economic impact would allow us to determine which programs create the most social value.
