Reply #219: jaybeat - please use facts [View All]

[raisedadem]

Come on tens or hundreds of thousands in interest? Check the math - at 18% for 40 years if one chose to (and why the heck would you choose to?) $1000 would cost you $6,205.68 in interest. If we are ever going to resolve issues we must stick to facts, not emotions. Tax rich assholes? We tried that already on our watch - yes we in the Blue corner - a luxury tax and all we did was succeed in making those rich assholes quit buying their large yachts and boats and put a lot of hard working americans in New England out of business. We need those rich assholes to spend their money - let's try a different tack here. Encourage rich people to spend. And BTW these were loans - and as pointed out in other posts not all businesses are bad - these are loans not gifts. Maybe we should just let them go belly up and let it all come crashing down. Taxes do not create jobs - let's not lose sight of that, we need to get off this thought that all businesses are bad - who the hell do we all work for anyway? Or maybe I am just confused - make no mistake - the criminal CEOs and crooked bankers - let's hit those guys hard and show no mercy but let's not lump all businesses in the same pot because of a few evil men and women.
But taxes are dangerous remember all dollars come from the people. Where do you think Coca-Cola gets the money to pay its taxes, Exxon gets its money to pay the Exxon Valdez fines, Denny's gets the money to pay its Justice Department fines, or even Microsoft gets the money to defend itself? It all ultimately can come from only one place, and that's from individuals - you and me. We pay it in the price or pay it in the taxes.