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FDR
mogley98
Member Posts: 18,291 ✭✭✭✭
Banks had failed, the economy had slumped and the country was waging a costly war abroad. Yet executives continued paying themselves princely sums, forcing the president of the United States to speak out:
"No American citizen ought to have a net income, after he has paid his taxes, of more than $25,000 a year," he said, urging Congress to help him "keep personal and corporate profits at a reasonable rate, the word 'reasonable' being defined at a low level."
This wasn't Barack Obama. It was Franklin Delano Roosevelt in 1942, only a few months after the attack on Pearl Harbor.
"No American citizen ought to have a net income, after he has paid his taxes, of more than $25,000 a year," he said, urging Congress to help him "keep personal and corporate profits at a reasonable rate, the word 'reasonable' being defined at a low level."
This wasn't Barack Obama. It was Franklin Delano Roosevelt in 1942, only a few months after the attack on Pearl Harbor.
Why don't we go to school and work on the weekends and take the week off!
Comments
Sure as hell would fix a lot of our economic woes.
I have thought for some time that we might want to consider devaluing the Dollar.
Doug
I think that would be a good number.
Sure as hell would fix a lot of our economic woes.
I have thought for some time that we might want to consider devaluing the Dollar.
Doug
Nothing will work now, we are in a disfunctional family. See none of us live togehter, Dad makes 34 million a year and pays a lot in taxes even though he would pay a lot more he has these shelters. Mom makes 13,500 a year she don't pay no taxes she actually gets money back on top of what she pays. Sis is working as a dentist, she earns about 145K a year, she actually pays 42% of that total in taxes almost 50% of her gross, she has no real disposable income because she is trying to pay all the payments and interest on the loans we took out to maintain a lifestyle really were not entitled too, Dad figured since he was already paying more then the rest of them into the household, he could keep all of his money, it was right, he earned it, it was all his. Not his problem everyone else is such a dummy. So dad keeps authorizing loans to cover all the costs sis can't keep up with, Sis is making the payments with Dads stipend and Mom's drag, in the end we owe WAY more then Sis can handle and we skip a payment and default, Dad could have prevented that without even effecting his lifestyle but he said, screw that I already pay more then my fair share.
Moral of the story, without being socialist, capitalism still needs control, greed breeds and has to be regulated in a fashion to prevent Monopolies on vital services and processes, as evidenced by the demise of several brokerage firms, Ponzi schemes and other political and financial misdeeds, we NEED regulation in the financial markets.
i can tell you that here theres no way you can get back more than you pay in,just impossible!...the average working stiff is lucky ...real lucky if they get 15% back!
Its called "Earned Income Tax Credit" that almost every Hispanic Family in South texas gets.. Along with food stamps, Rent Assistance,
Medicaid,, and anything else mthe politicians can think of to give them.. Im Had a guy working for me over 10 years ago that got all the things listed above and he earned 7 bucks an hour...by the I was only allowed to with hold social security on him.. His earned income tax credit check he got was $3,800.00 and he 0only had 2 kids..
"How do you like that little Skillet"
But what the hell? I'm just a middle class working white man. I don't count.
Here's a little oldie from my collection:
The real question is - who's the bigger *? FDR or Obama.
Obama is, and still has 3 1/2 more to go.