tag:blogger.com,1999:blog-4012972.post291854971477874347..comments2023-10-26T04:55:15.538-07:00Comments on LEFT is RIGHT: Bits and Pieces for the Week of August 2 - 8Mikehttp://www.blogger.com/profile/09397271600807105747noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-4012972.post-61523317601472807542009-08-05T21:38:40.046-07:002009-08-05T21:38:40.046-07:00Financial stocks still rallying. Money falling fr...Financial stocks still rallying. Money falling from the skies helps. Cash for clunkers? How about cash for foreclosures? How about cash for vacations? How about just plain CASH!!! <br /><br />There will be another bear market. When? Wish I could tell you. Not right now, though. Interest rates are near 0% and the government is going hog wild on deficit spending. <br /><br />Party on!muckdoghttps://www.blogger.com/profile/09964364454247504787noreply@blogger.comtag:blogger.com,1999:blog-4012972.post-70515070266357042422009-08-04T09:02:02.605-07:002009-08-04T09:02:02.605-07:00Yes, the whiners are correct, we need to go back t...Yes, the whiners are correct, we need to go back to simpler times - I hear the rich were taxed 90% in the good old days! That's socialism I can get behind!gonehttps://www.blogger.com/profile/04327106788474715860noreply@blogger.comtag:blogger.com,1999:blog-4012972.post-37771535336157117232009-08-04T08:36:56.552-07:002009-08-04T08:36:56.552-07:00I still don't care about your article... the r...I still don't care about your article... the rich have to pay more. The separation between the uber-rich and middle class has never been greater... time to pay the fucking piper!!Seven of Sixhttps://www.blogger.com/profile/09331035803972630321noreply@blogger.comtag:blogger.com,1999:blog-4012972.post-26578076129133726932009-08-03T19:15:33.814-07:002009-08-03T19:15:33.814-07:00Don't worry, Seven. Recessions last about 18 m...Don't worry, Seven. Recessions last about 18 months and this one is over. The stock market is the best crystal ball out there. Not only has the fat lady belted out a tune, but she's in the back at the after show party.<br /><br />And to that we owe credit to Hank Paulson, Ben Bernanke, George Bush, Geithner, and Obama for spending money we don't have to create a short-term burst in the economy. <br /><br />I'm not really worried about the Wall Street party ending until we see gonzo job growth, the savings rate decline, and Bernanke raising raising raising rates. No time soon, my friend.<br /><br />Hey, <a href="http://sayanythingblog.com/entry/top_1_pays_more_income_taxes_than_bottom_95/" rel="nofollow">see this</a>?<br /><br /><em>Newly released data from the IRS clearly debunks the conventional Beltway rhetoric that the “rich” are not paying their fair share of taxes.<br /><br />Indeed, the IRS data shows that in 2007—the most recent data available—the top 1 percent of taxpayers paid 40.4 percent of the total income taxes collected by the federal government. This is the highest percentage in modern history. By contrast, the top 1 percent paid 24.8 percent of the income tax burden in 1987, the year following the 1986 tax reform act.<br /><br />To put this in perspective, the top 1 percent is comprised of just 1.4 million taxpayers and they pay a larger share of the income tax burden now than the bottom 134 million taxpayers combined.</em>muckdoghttps://www.blogger.com/profile/09964364454247504787noreply@blogger.com