Richard Rowland

Richard Rowland Rowland
10 mins ·
Mark Levin isn't happy with the Republican tax cut plan. Mark explains his reservations on one of his CRTV shows. Perhaps some are unaware of the new CRTV live streamed shows offered.

The CR stands for conservative review. There are numerous hosts featured, in fact, Phil Robertson, (I think that's his name) one of the duck dynasty guys has recently been added.

Mark Levin is my favorite. Mark doesn't mince words, he tells it like it is, and on one of his recent shows he calls out the Republican's and the president for a phony tax cut that is no cut at all when the elimination of deductions are factored in.

Perhaps now, more than ever, most of us are realizing that neither party is capable of doing right by the working folks.
Both parties, seem now to be drifting more rapidly towards socialism, rather than focusing on the capitalistic system that has been the foundation of the greatest economy ever know in the world.

Don't ask me how, but I suspect this tax cut that isn't a tax cut is somehow tied to a strategy that moves us closer to a globalized economy and an increasing loss of sovereignty.

pafret Loc: Northeast

Tucker Carlson had Kelly Anne Conway on his interview segment and asked her specifically; We know what percentage reduction the very rich will get in taxes and we know what percentage business will get in taxes but what percentage do lower income people get in tax reduction? Conway hemmed and hawed and talked about economy stimulation and increased investment in jobs and oft repeated simplification in filing "on a postcard" etc, etc, until it was obvious there was no reduction; it was the same old trickle down BS we have been fed forever, which never works and requires militant unions to undo.

The new tax structure is insulting in that they believe the mass of people are too stupid to figure out and file a tax return and that we won't catch on to the fact they have eliminated deductions and thus increased our taxes. It isn't new, John Kennedy pulled the same trick when he reformed taxes: first he eliminated deductions and gave a slightly lower tax rate and then raised the tax rate each year until you payed much more than before the tax reform.

Nothing ever changes, the tax laws are r****d to favor the wealthy and screw the poor no matter which group is in power.

1935boxer

just wondering, what kind of country would we have without ALL these wealthy people. I am sick and tired hearing about the top 1%. God bless America.
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Radiance3

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Middle Class, time to tighten our belts. Middle Class in disguise are supposed to be the beneficiary of this misguided tax cut. But I still believe middle class are the victims. It is a simple math calculation, no matter how you call it. I hope Congress revises some of the proposals allowing deductions of items that are taxed twice like property tax, and retain the personal exemptions. I don't care about doubling of the standard deduction, by eliminating major items from deductions.

Every time money moves, it is being taxed. I need to see the whole tax structure. The tax proposal could not be done on a small post card, please don't show me that. I think that's being stupid. I think it still needs 1 or 2 pages of the return considering some revisions of the proposal. All supporting documents need to prove your figures. And even businesses require more than 2 pages. Congress, please allow us to see the whole structure. I don't know what's cooking inside there.

cold iron Loc: White House

That's easy...a very poor one. You doubters, go to El Salvador or Guatemala, their you will a poor country with lots of poor people.

buffalo Loc: Texas

A more equitable, fair and growing economy for EVERYONE.

Productivity has surged, but income and wages have stagnated for most Americans. If the median household income had kept pace with the economy since 1970, it would now be nearly $92,000, not $50,000.

The sectors that have contributed the most to the country's overall economic growth have lagged when it comes to creating jobs.

The wage freeze
Increase in real value of the minimum wage since 1990: 21%

Increase in cost of living since 1990: 67%

One year's earnings at the minimum wage: $15,080

Income required for a single worker to have real economic security: $30,000

More and more, US multinationals are laying off workers at home and hiring overseas.

Radiance3

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The problem is inflation. The value of money shrunk. One of the factors adversely affecting inflation is demand. But government has no means to meet that demands. People must have jobs to be productive. Our population has increased so much, demand therefore increases for their essential needs, but production decreased. People are supposed to be the sources of production. But with the influx and tens of millions of non-productive people, our economy is underway to a 3rd world.

I wonder why these people yell, call this country r****t, and evil, but they continue to come and flock here, no other purpose but to hand out. They have no productive sk**ls, and could not work on shovel ready jobs that could not even sustain their families. They all end up dependents on those who productively work and pay taxes.

During the administration of Mr. Obama, 45.3% of households, nearly 77,500 million don't pay any income tax. Instead these are dependents. They are being feed, given all kinds of benefits on medical, housing, education, utilities by US taxpayers. Yet they march on the streets, calling us all kinds of evil words. Some cause violence, and mayhem. E.g. DACA.
Instead of proving that they can contribute to society, they become adamant, and violent on their demands. Some work to support them, but majority are still dependents and non-productive.

There are approximately 1,500,000 children of i*****l a***ns on public schools costing the taxpayers $52 billion annually. Then they make more children, become anchor babies who now claim they have the roots and could not be removed. These alone contribute to inflation.

China, Japan, and other countries don't just accept anybody to stay in their country. It is only the US who accepts all kinds of enemies and l***hes who allow them to come and abuse the system. Others terrorize us.

Millions of Americans have sacrificed, their lives and blood poured out to give us freedom, and liberty. Yet, still so many knees bending on protests, dismantle our history, destroy our f**g that represents our freedom, disrespect our National Anthem. While those in protests are the very people who benefit the price of our liberty.

pafret Loc: Northeast

If you adjusted your chart for inflation your adjusted average wages would make you ill.

I would like to know what is included in that producivity number and hoew much was due to human work and how much was automation.

buffalo Loc: Texas

In a true capitalist system, organizations and people who assumed too much risk and made poor decisions would fail. But the United States does not have a capitalist system. We have a corporate f*****t economic system where a small cartel of bankers, military weapons suppliers, and mega-corporations set the agenda for the country through their complete capture of politicians and the mainstream corporate media. At the height of the crisis in 2008, President George Bush revealed whose side he chose:

"I've abandoned free-market principles to save the free-market system, to make sure the economy doesn't collapse. I feel a sense of obligation to my successor to make sure there is not a, you know, a huge economic crisis. Look, we're in a crisis now. I mean, this is - we're in a huge recession, but I don't I've abandoned free-market principles to save the free-market system, to make sure the economy doesn't collapse. I feel a sense of obligation to my successor to make sure there is not a, you know, a huge economic crisis. Look, we're in a crisis now. I mean, this is - we're in a huge recession, but I don't want to make it even worse.

George Bush was born with a silver spoon in his mouth. He was not trying to save the free-market system, because we didn't have a free market system. He was saving his fellow billionaires under the cover of saving the average American.

The President was a multi-millionaire. The Treasury Secretary was a billionaire. There were 250 millionaires in Congress. The top executives of the banks that own and control the Federal Reserve are multi-millionaires. The owners and talking head pundits of the mainstream media are all in the billionaire/millionaire class. The cover story used to bilk $700 billion from middle class taxpayers into the coffers of Wall Street mega-banks was that if we didn't hand over the l**t, the financial system would collapse and a Great Depression would ensue. Every program, policy, and rule change that has been rolled out since September 2008 by the Federal Reserve, Treasury, and Congress has benefitted billionaires, bankers, and politically connected corporations. The Federal Reserve has printed over $2 trillion out of thin air to save the billionaires that have been pillaging the middle class for decades.

The standard of living for the average American continues to fall. Real household income is lower than it was in 1999. The only reason it increased in the 1980s and 1990s was the huge influx of women into the workforce. Two earners were needed to try and maintain a constant standard of living. Real average weekly earnings are lower today than they were in 1970, even using the government bastardized CPI calculation that has been so massaged since 1982 that it has only resulted in a happy ending for government bureaucrats at the BLS. Calculating the CPI exactly as it was calculated in 1980 reveals the t***h of what the Federal Reserve has wrought on working class America, a drastic decrease in their standard of living. The insidiousness of Federal Reserve created inflation has sucked the life out of the middle class and enriched the cocktail party class.

The Federal Reserve has slowly and methodically destroyed the American middle class through relentlessly printing more money and purposefully creating inflation, since its reprehensible creation in 1913. For the last three decades only one voice in the wilderness of Washington DC has fought this banking cabal.

"Since the creation of the Federal Reserve, middle and working-class Americans have been victimized by a boom-and-bust monetary policy. In addition, most Americans have suffered a steadily eroding purchasing power because of the Federal Reserve's inflationary policies. This represents a real, if hidden, tax imposed on the American people.

From the Great Depression, to the stagflation of the seventies, to the burst of the dotcom bubble last year, every economic downturn suffered by the country over the last 80 years can be traced to Federal Reserve policy. The Fed has followed a consistent policy of flooding the economy with easy money, leading to a misallocation of resources and an artificial boom followed by a recession or depression when the Fed-created bubble bursts. In conclusion, Mr. Speaker, I urge my colleagues to stand up for working Americans by putting an end to the manipulation of the money supply which erodes Americans' standard of living, enlarges big government, and enriches well-connected elites, by cosponsoring my legislation to abolish the Federal Reserve." - Ron Paul - Sept 10, 2002

His colleagues in Congress did not stand up to the Federal Reserve in 2002. Instead, they cheered them on as Greenspan's ultra loose monetary policy led to the greatest housing bubble in history and a financial collapse unparalleled in human history. As the collapse was hurdling down the track in 2006, Representative Paul once again rose in protest against an organization that is rapidly destroying the American dream.

"The coming dollar crisis is not likely to be fixed by politicians who are unwilling to make hard choices, admit mistakes, and spend less money. Demographic trends will place even greater demands on Congress to maintain benefits for millions of older Americans who are dependent on the federal government.

Faced with uncomfortable financial realities, Congress will seek to avoid the day of reckoning by the most expedient means available - and the Federal Reserve undoubtedly will accommodate Washington by printing more dollars to pay the bills. The Fed is the enabler for the spending addicts in Congress, who would rather spend new fiat money than face the political consequences of raising taxes or borrowing more abroad.

The irony is that many of the Fed's biggest cheerleaders are the same supposed capitalists who denounced centralized economic planning when practiced by the former Soviet Union. Large banks and Wall Street firms love the Fed's easy money policy, because they profit at the front end from the resulting loan boom and artificially high equity prices. It's the little guy who loses when the inflated dollars finally trickle down to him and erode his buying power. Someday Americans will understand that Federal Reserve bankers have no magic ability - and certainly no legal or moral right - to decide how much money should exist and what the cost of borrowing money should be." - Ron Paul - July 11, 2006

Full Text:

http://www.ibtimes.com/fistful-dollars-how-federal-reserve-destroyed-america-211927

maureenthannon

The lowest income people don't pay income tax. How much lower can it get than 0%?

pafret Loc: Northeast

Ron Paul is the lone "voice in the wilderness" and he is exactly correct. The Feds policies are the reason it is no longer prudent to save money. This lack of savings leads to precarious living conditions and is conducive in converting law-abiding citizens into criminal behavior.

The ever-increasing money supply, chasing too many useless goods, causes prices to rise and this in effect decreases the real value of the money you earn. In essence, your pay is cut each year by the actual increase in inflation, not the f**e numbers issued by the government.

The Fed has the golden egg laying goose. When the government needs money the Fed lends it to them. Where did the Fed get the money? They made and entry in an accounting program with a few keystrokes. In return they got a bond from the government, which is a lien on the productivity of the nation. These bonds pay interest and the Fed then markets some of these bonds too fat-cat 1 percenters who enjoy an income guaranteed by the power of the government to tax its citizens enough to pay the interest and principle of the bonds.

The Fed had no money, just a book entry. In return they made money on the interest of the bonds they kept and from the market sales of the bonds thy sold. Good trick, trade a paper entry for real income. Where does the real wealth come from? Out of the pockets of all citizens whose money has been devalued.

buffalo Loc: Texas

Goddamn it, they pay plenty of other taxes! For starters, 15.3% of their gross in Social Security and Medicare taxes on incomes of $120,000 and below. How come the wealthy do not have to pay on ALL their earned incomes and unearned incomes such as dividend and capital gains? There are a myriad of other taxes, both federal and state, the the poor pay. Income tax is what they ALWAYS use to brainwash the ignorant with that the rich pay all the taxes. Sheople like you, thannon!

buffalo Loc: Texas

CNS News
November 9, 2017

Only the Federal Reserve owns more U.S. federal government debt than entities in the People’s Republic of China, according to the latest data released by the Treasury and the Federal Reserve.

As of the end of August, according to the Treasury, entities in Mainland China owned $1,200,500,000,000 in U.S. Treasury securities.

The only other nation that came close to that was Japan. Entities located there owned $1,101,700,000,000 in U.S. Treasury securities as of the end of August.

Ireland was a distant third, with entities there owning $307,200,000,000 in U.S. Treasury securities.

Read above post about what has been said about the evil, illegal, privately owned federal reserve.

But the Federal Reserve here in the United States owned far more in U.S. government debt than entities located in any foreign land.