Loading ...I found this in my inbox:
As a brief reminder for those who may have forgotten, or for the many that
didn’t know, here is what happened, quietly, on January 1, 2016:
* Medicare tax went from 1.45% to 2.35%
* Top Income tax bracket went from 35% to 39.6%
* Top Income payroll tax went from 37.4% to 52.2%
* Capital Gains tax went from 15% to 28%
* Dividend tax went from 15% to 39.6%
* Estate tax went from 0% to 55%
* A 3.5% Real Estate transaction tax was added.
Remember this fact: These taxes were all passed solely with Democrat votes.
Not a single Republican voted for these new taxes.
These taxes were all passed in the ‘Affordable Care Act,’ aka ‘Obamacare.’
My response:
The gov’t is like the Terminator, a robot. No pity, no emotion, it will not stop. After 1971-’75, I knew back then, America’s consumers were put on the global chopping block and the future was bad. I and George Carlin tried warning everybody, but it was like talking to a tree stump.
Now we have Trump taking our place, and allowed to, obviously because things are so bad now that things have to change. Imports need to be taxed or avoided, simple. Exports need tax breaks and promoted. In reality each and every country should produce its own needs, and import ONLY what is not available locally.
The entire system and many old trends are distorted, and its all trying to right itself. Populism, nationalism etc. Letting big global multi national businesses (the cat that swallowed the canary) get their way was a big mistake. Global productivity, and efficiency was a mistake (con job) unless the goal was more time off shorter work week, or planet Earth was competing against another planet.