Re: [OT] USA Elections
- Posted by jimcbrown (admin) Nov 05, 2012
- 2665 views
Jet planes which are generally made by very well paid workers. Win, win! Yes, they definitely consume things. And other people produce them and get paid for them.
So the money .. stays at the top?
Even so - a 30% tax on the middle class, when the top earners are taxed 15%?
I guess you're referring to capital gains taxes?
Not sure now. It was something Warren Buffet said.
Except that the main credit ratings agencies were talking about downgrading our credit rating due to the excessive amount of debt and the apparent policy of more of the same. Without that threat, I'm sure the ceiling would have been increased with just the normal amount of partisan approved posturing with which it has always been raised in the past.
Matt
Moody's was the one who did downgrade the debt - not because the US was unable to pay it but because the US was suffering a political crisis (at least, thats what they said).
