100 Percent Tax on all income over $25,000!

[amicus]

http://www.academia.org/campus_reports/2003/oct_2003_29.html

In April 27 1942, FDR issued an Executive Order mandating a 100 percent tax for incomes above $25,000.

Keyword search: roosevelt april 27 1942 tax

Even European Socialists are aghast at the new adminsistrations spending spree, saying they have; 'been there, done that', and it didn't work.

Another interesting factoid of that depression era, the Roosevelt government turned down Ford Motor Companys' low bid to supply automobiles to the government agency, NRA, because the bid was not socially correct!

Now the government has taken over GM and fired a top official? What the hell ever happened to America the home of the free and brave?

Pussies.

Amicus...

 

[JAMESBJOHNSON]

AMICUS

Please dont use words like BRAVE in your posts. It's discourteous to Native Americans.

 

[amicus]

Heh...Christ, JBJ, here comes Cloudy with a damned hatchet...(she can't find her tomohawk)

Why is everybody always pickin on me? (song)

ami

 

[R. Richard]

Heh...Christ, JBJ, here comes Cloudy with a damned hatchet...(she can't find her tomohawk)

Why is everybody always pickin on me? (song)

ami

"Why's everybody always pickin' on me?"
The song is Charlie Brown - Coasters - 1959 #2

 

[DesertPirate]

Here we have an administration telling a company how to operate and who will operate it. Sadly, not a single one of them has any experience running a company. Between the Administration and Congress we have a buch of theoreticians with zero practical experience. Most have NEVER worked in the private sector, except for a few of the lawyers. How many successful companies have ever been run by lawyers?

 

[amicus]

Over the past decade, at least, Congress has keel-hauled executives from the Energy Industry, the Banking Industry and now the Auto Industry in an attempt to impose, 'social consciousness' on corporate America.

What Congress is really doing is underlining the Marxist Class Warfare dictum, in that Capitalism is basically, evil, greedy, avaricious and must be controlled and regulated and that management must be chastized on all fronts and barely tolerated as semi criminals.

In a Terrorist (oops that word is politically incorrect now) organization, if you cut the head of the cell off, decapitate it, then the organization, without leadership, dies.

Congress is trying to decapitate Industry in the same manner. What Congress just doesn't understand is that these Corporations simply move out of America and take the jobs and money with them to escape the coming totalitarianism.

I say more power to the Corporations, get the hell out while you can.

Amicus...

 

[Xelebes]

On the plus side, the value of the spending dollar goes up.

 

[DesertPirate]

On the plus side, the value of the spending dollar goes up.

Not with the hyper inflation coming from this spening spree in Washington. If your dollar buys a quarter of what it can today in 8 years it will be a miracle.

That's if they don't raise spending above 08 levels for the next 4 years.

 

[Xelebes]

Not with the hyper inflation coming from this spening spree in Washington. If your dollar buys a quarter of what it can today in 8 years it will be a miracle.

That's if they don't raise spending above 08 levels for the next 4 years.

I was trying to be positive. What would happen if I shot down one of your attempts to be positive, huh? Huh? All negativity! NEGATIVITY ROCKS! Wait, is that too positive? I hope that isn't too positive because if it is, I have to be more negative than I ALREADY AM! AM I FREAKING OUT YET??? AM I GODDAMN FUCKING FREAKING THE SHITTING FUCK OUT THE ASS ENOUGH YET?

 

[JamesSD]

http://www.academia.org/campus_reports/2003/oct_2003_29.html



Keyword search: roosevelt april 27 1942 tax

Even European Socialists are aghast at the new adminsistrations spending spree, saying they have; 'been there, done that', and it didn't work.

Another interesting factoid of that depression era, the Roosevelt government turned down Ford Motor Companies low bid to supply automobiles to the government agency, NRA, because the bid was not socially correct!

Now the government has taken over GM and fired a top official? What the hell ever happened to America the home of the free and brave?

Pussies.

Amicus...

Based on inflation rates since 1942, 25k would translate to $339,000/yr in 2009 dollars. While I don't think there should be a 100% marginal tax bracket for any income level, it's tough to feel sorry for those poor souls making $340k a year.

Going after FDR is a pretty weak case, since it's pretty widely accepted the New Deal was a big part of what pulled the US out of the great depression (The fact Europe's economy was devastated following WW II and advances in technology being the other factor).

GM asked for a hand-out. Mom and Dad will stay out of how you spend your money if you're independent, but once you ask them for a loan they start taking a much harder look at your spending habits.

There's parts of the Obama plan I like, and parts I hate. Still, given his predecessor, the bar is pretty low.

 

[DesertPirate]

Actually the "New Deal" prolonged the depression by at least 3 years. WWII ended the depression by taking the younger workers out of the job pool and shipping them overseas in uniform.

 

[Xelebes]

Actually the "New Deal" prolonged the depression by at least 3 years. WWII ended the depression by taking the younger workers out of the job pool and shipping them overseas in uniform.

It really all depends on the economic data present at the time. Some argue that the stalling of the New Deal in 1938 or so helped prolong instead of address it, others say that the whole thing prolonged it. 100 economists in a room all have their own take on the issue and we haven't got ourselves numbers to really read ourselves. Unless you have got them handy so that we can all make a lark and gander, quixotical posturing and all!

 

[Xelebes]

As you can tell, I'm kind of losing interest in the whole debate because those debating seem to have lost it. I might as well lose it like the rest of ya.

 

[DesertPirate]

As you can tell, I'm kind of losing interest in the whole debate because those debating seem to have lost it. I might as well lose it like the rest of ya.

Actually, if you laid all the economists in the world head to toe, they still wouldn't come to a conclusion.

If you do a bit of research you will find that no economic theory has ever worked "as advertised" why? They don't quantify human greed. Notice the graphs and curves they use, just ESTAT, nothing special. The "modern" econ as taught in all Universities today was invented in the 50's by a bunch of unemployed mathematicians, they also did ESTAT.

Considering all the R&D going on for the civilian and military markets in the 50's, any mathematicians that were unemployed were how good?

 

[Xelebes]

Actually, if you laid all the economists in the world head to toe, they still wouldn't come to a conclusion.

If you do a bit of research you will find that no economic theory has ever worked "as advertised" why? They don't quantify human greed. Notice the graphs and curves they use, just ESTAT, nothing special. The "modern" econ as taught in all Universities today was invented in the 50's by a bunch of unemployed mathematicians, they also did ESTAT.

Considering all the R&D going on for the civilian and military markets in the 50's, any mathematicians that were unemployed were how good?

Consider the fact that the mathematicians specialising in economics specialise in a specific field of mathematics that is rather exclusive to other fields - namely game theory. Many graph, set or calculus theorists have limited understanding of game theory and that the growth of the actuary field in the last 50 years has grown faster than fields of geometrists and calculists.

 

[Xelebes]

Of course, I'm enterin the field of business mathematics soonish - once I get a few hurdles out of the way.

As for greed being quantified, it is determined using logistics.

 

[esales]

Can you say SOCILISM? I feel it coming. :-(

 

[amicus]

Hello and welcome...I think we all feel it coming....I be from Oregon also, hoping winter will soon be gone...I have a garden to plant...



amicus

 

[Xelebes]

A month yet before any planting to begin. *sigh*

 

[amicus]

A month yet before any planting to begin. *sigh*

~~~

A sunny mild day today...did some prep work in the garden, still too damp...

back to basics....a reason I mentioned the 100 percent tax is that it and much else that Roosevelt did was found to be unconstitutional and repealed. I suggest that much that this President is attempting will also be found outside the limits of the constitutioin and may either be stopped or repealed.

A sorry state of affairs and it may get worse tomorrow in Europe...

ami

 

[JamesSD]

They don't quantify human greed.

Most economic theories assume humans act rationally and in their own best economic interest. Yet there has been some excellent research that has shown how individuals are often not rational.

Markets are not efficient in the short run, and not always efficient in the long run. This makes it much harder to mathematically model anything.

 

[JAMESBJOHNSON]

My semi-famous 2nd fallacy asserts that no amount of tax revenue is ever enough for a politician. His appetite for your money cannot be satiated, because the appetite is infinite and the supply of income is limited. Consequently, confiscating all income over 25K cannot suffice; confiscating every dollar you have wont be enough. The proof of this is the national debt.

 

[R. Richard]

It's very easy to impose punitive taxes on 'the rich.' I mean, they have so much, why not just take some of it from them?

OK, who are the rich? Well, let's start with the people in the big house on the hill. Take more from them, hell, take it all. What, the jobs they provided went away? Take more from the other rich bastards. Take from the people who live in nice houses with neatly trimmed lawns, take it all. What, the jobs where they provided the necessary support went away? Take more from the other rich bastards. Take from everyone who lives in a house, take it all. Then you get down to Trenchtown basic:

Them belly full but we hungry
A hungry mob is an angry mob
A rain a fall but the dirt it tough
A pot a cook but the food no 'nough

I lived in 'Trenchtown.' You haven't live in 'Trenchtown.' You don't want to live in 'Trenchtown.' Trust me here.

 

[JAMESBJOHNSON]

Grabbing money from the rich only goes so far, they dont have unlimited resources. Wherever Marxism has been tried, after they take everything that isnt on fire the nation still goes bankrupt because no one but a silly son of a bitch works for love or ideology.

As soon as the Usual Suspects take over the neighborhood goes to hell and becomes a ghetto.

 

[DesertPirate]

Consider the fact that the mathematicians specialising in economics specialise in a specific field of mathematics that is rather exclusive to other fields - namely game theory. Many graph, set or calculus theorists have limited understanding of game theory and that the growth of the actuary field in the last 50 years has grown faster than fields of geometrists and calculists.

But there was nothing like it in 1950 and these clowns had everyone conned by 1960.