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Thread: Why Inflation Is A Real Threat To The U.S. Economy

  1. #11
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    Quote Originally Posted by MisterVeritis View Post
    True. Combined with the idea of a wealth tax to steal even more of what we have saved it is a killer.
    And immediately paying capital gains on inherited properties.
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    RMNIXON's Avatar Senior Member
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    Quote Originally Posted by MisterVeritis View Post
    True. Combined with the idea of a wealth tax to steal even more of what we have saved it is a killer.
    Even some liberal economists are against Wealth Taxes because they have failed in EU countries that tried them. They put the entire Nation at an economic disadvantage and become an incentive for the Wealthy to simply leave the country!

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    Quote Originally Posted by RMNIXON View Post
    Even some liberal economists are against Wealth Taxes because they have failed in EU countries that tried them. They put the entire Nation at an economic disadvantage and become an incentive for the Wealthy to simply leave the country!
    France learned that the hard way.
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    Quote Originally Posted by RMNIXON View Post
    Even some liberal economists are against Wealth Taxes because they have failed in EU countries that tried them. They put the entire Nation at an economic disadvantage and become an incentive for the Wealthy to simply leave the country!
    Agree. I don't have all that much but have considered it.
    Call your state legislators and insist they approve the Article V convention of States to propose amendments.


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    Quote Originally Posted by MisterVeritis View Post
    Agree. I don't have all that much but have considered it.
    I have also, but I'm wondering if it is wiser to invest in foreign currencies, that will gain as the Democrats destroy the US dollar. I'm trying to figure out if using a multinational firm can allow me to leave the country and collect in another country, without the US government claiming that anything I earn in any place is theirs. Basically a bug out fund.

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    Quote Originally Posted by carolina73 View Post
    I have also, but I'm wondering if it is wiser to invest in foreign currencies, that will gain as the Democrats destroy the US dollar. I'm trying to figure out if using a multinational firm can allow me to leave the country and collect in another country, without the US government claiming that anything I earn in any place is theirs. Basically a bug out fund.
    No can do.

    That is why you buy gold and silver. You can't easily hide money overseas any more.
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    Quote Originally Posted by RMNIXON View Post
    You can't get away with throwing trillions into the economy while at the same time continuing incentives for people not to work. The whole point of recovery is getting people back to work so they become productive and pay taxes.

    This is typical leftist economics that pretends consumerism is the driving force not productivity. At best stimulus is a very temporary solution that should be applied with caution.
    What is the incentive not to work? Most people cannot live off of unemployment, especially if you have a mortgage or pay rent. Most people I know want to work.
    God Bless America, God Bless our Military and God Bless the Police who defended the country against the insurgents on January 6, 2021

    Think 3rd party for 2024 folks. Clean up America.

    Once I tell you that we agree to disagree there will be no more discussion between us in the thread so please don't waste your time continuing to argue your points because I will not respond.

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    Quote Originally Posted by gamewell45 View Post
    What is the incentive not to work? Most people cannot live off of unemployment, especially if you have a mortgage or pay rent. Most people I know want to work.
    Have you been in a Coma over the last year?

    With extra Stimulus funds many have been making more with Unemployment than they would if working. In addition no searching for work requirements under COVID rules.

    This is not sustainable or healthy to the economy and Biden extended these benefits until September of this year.

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    Quote Originally Posted by RMNIXON View Post
    Have you been in a Coma over the last year?

    With extra Stimulus funds many have been making more with Unemployment than they would if working. In addition no searching for work requirements under COVID rules.

    This is not sustainable or healthy to the economy and Biden extended these benefits until September of this year.
    No, but obviously you have.

    I don't know what it costs to live where you are, but where I live, the stimulus funds would pay about a months worth of bills and that's it. Of course if you live in a double-wide and your l eating dog food and crackers, then maybe you don't have to work.
    God Bless America, God Bless our Military and God Bless the Police who defended the country against the insurgents on January 6, 2021

    Think 3rd party for 2024 folks. Clean up America.

    Once I tell you that we agree to disagree there will be no more discussion between us in the thread so please don't waste your time continuing to argue your points because I will not respond.

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    Quote Originally Posted by gamewell45 View Post
    No, but obviously you have.

    I don't know what it costs to live where you are, but where I live, the stimulus funds would pay about a months worth of bills and that's it. Of course if you live in a double-wide and your l eating dog food and crackers, then maybe you don't have to work.

    I think he's talking about the added unemployment compensation those who are not working are (were) receiving--an extra $600 per week on top of their regular unemployment check. Where I live, I know of two people who are (were) in that situation and neither had any plans of returning to work until the money ran out. Why would they?

    I haven't spoken to either recently so I don't know if they're still getting the money, but they were, and it really added up.

    Then, there was the contractor in town who got $140K, but he didn't lay his workers off, so I guess that was just gravy.

    A lot of counterproductive mistakes were made with the stimulus.
    ""A government which robs Peter to pay Paul can always depend on the support of Paul" ~George Bernard Shaw

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