Search This Blog

Sunday, September 21, 2008

Biggest Regressive Tax in History?

The Paulson / Bernanke plan, as announced so far, seems to suggest a 700 Billion dollar (that's not a typo) price tag to bail out our financial system - this is on top of the aprox. 200 Billion provided already to Fannie and AIG, etc.   So, basically, the government wants to double the direct financial cost of the Iraq war to hedge a risk that we may go into a Depression if we do nothing. 

But what IS this plan?  Well the federal government basically will borrow the money (from citizens or China, etc).  This is equivalent to going to average US Joe tax payer of the future - including MEDIAN Joe taxpayer - including the POOR tax payer and borrowing from them.   The government will take that $700 Billion and turn around and give it to the elite, the rich, the entrepreneur class - but not just that - they would give it to the CORRUPT elite, the BADLY MANAGED rich, the FAILED entrepreneur.  

This, unless I'm mistaken, would be the single largest regressive tax (the debt required would be a tax on future generations as mentioned above) ever levied, anywhere.  

I don't necessarily disagree that this kind of intervention may be needed, but I definately feel that the evidence that Paulson / Bernanke have that suggest we NEED something this regressive, and this huge, is being hidden.  I am calling for more transparency.  Where is the transparency?  

If our government wants to take that much of our money - money from innocent citizens - to give to bad managers in the financial system - then we deserve real evidence for why.  


oakleyses said...

polo ralph lauren outlet, michael kors outlet, nike shoes, oakley sunglasses, ray ban sunglasses, michael kors outlet, coach factory outlet, ray ban sunglasses, chanel handbags, jordan shoes, prada outlet, louboutin, burberry outlet, true religion jeans, michael kors outlet, christian louboutin shoes, louis vuitton handbags, tiffany and co, oakley sunglasses, burberry outlet, nike free, louis vuitton, prada handbags, louis vuitton outlet, true religion jeans, gucci outlet, longchamp outlet, louis vuitton outlet, michael kors outlet, coach outlet, longchamp handbags, tiffany and co, michael kors outlet, michael kors outlet, louis vuitton outlet stores, air max, coach purses, tory burch outlet, kate spade handbags, polo ralph lauren outlet, coach outlet store online, louboutin, louboutin outlet, air max, kate spade outlet, longchamp handbags, oakley sunglasses cheap

oakleyses said...

nike roshe run, ray ban pas cher, nike free pas cher, sac louis vuitton, michael kors, sac guess, sac louis vuitton, air max, louis vuitton uk, abercrombie and fitch, oakley pas cher, lululemon, barbour, north face, louboutin, mulberry, polo lacoste, nike air max, vans pas cher, longchamp, vanessa bruno, hollister, hogan outlet, michael kors, air max pas cher, new balance pas cher, ray ban sunglasses, air force, timberland, true religion outlet, true religion outlet, converse pas cher, polo ralph lauren, nike free, north face, sac burberry, hollister, nike tn, nike roshe, sac longchamp, nike trainers, ralph lauren, michael kors pas cher, nike blazer, air max, louis vuitton, air jordan, sac hermes

oakleyses said...

ghd, soccer shoes, canada goose, uggs outlet, canada goose jackets, celine handbags, babyliss pro, birkin bag, reebok outlet, abercrombie and fitch, nike huarache, asics running shoes, longchamp, bottega veneta, lululemon outlet, ugg boots, mcm handbags, hollister, valentino shoes, insanity workout, wedding dresses, rolex watches, ferragamo shoes, jimmy choo outlet, soccer jerseys, ugg pas cher, canada goose, north face outlet, north face jackets, p90x, giuseppe zanotti, chi flat iron, canada goose outlet, canada goose, ugg australia, beats by dre, mont blanc, herve leger, instyler, vans shoes, mac cosmetics, canada goose uk, nfl jerseys, nike roshe run, new balance shoes, ugg, marc jacobs, ugg boots

oakleyses said...

links of london, juicy couture outlet, louis vuitton, moncler, pandora charms, moncler, moncler, vans, pandora jewelry, lancel, louboutin, hollister, karen millen, moncler, air max, iphone 6 cases, parajumpers, ralph lauren, thomas sabo, montre homme, oakley, ugg, rolex watches, toms shoes, baseball bats, ugg, canada goose, coach outlet store online, converse shoes, hollister, canada goose, supra shoes, juicy couture outlet, gucci, moncler, timberland boots, swarovski crystal, converse, pandora charms, moncler outlet, ray ban, wedding dresses, hollister clothing store, swarovski, air max, moncler