What is "income"?  The bulk of the people earning over $1M in salaries are NBA, NFL, etc players, rock stars, actors and politicians. All the really rich people plow their income back into their companies, turning all of it into investments that grow exponentially.  Gates, Jobs, Buffet, Soros have very small salarie...more

If the driver is a chauffeur, do you set the ticket at the income of the "driver" or the "owner"? So then a disgruntled chauffeur can really get even with his boss by speeding in the Rolls to the way to the gas station.  NONSENSE! People are best held responsible for their own actions by civil law, not criminal l...more

Some will argue that we need to keep gov employment up... Remember that gov employees and contractors pay their taxes by simply returning a small portion of the government revenues they were paid with.  Want a bigger gov sector?  Then need a much bigger and more profitable private sector to pay for it! Sad as it sou...more

One big fallacy is that the people on Wall Street know (or knew) the value of the derivatives or even the stocks they trade!  In fact....   THAT is precisely why there IS a stock market!   We don't know who will win and lose in the open market of ideas, we don't know who has the best employees, of if they know how ...more

Roadhouse Blues...  Part of the insanity is the upper 3% are paying a huge amount of the taxes the rest benefit from.  As we raise taxes on them, they raise prices on us... or leave the country.  WE are paying their taxes!  There is no competition because taxes apply to good and bad competitors alike, so there is littl...more

Too bad our politicians had a focus on IMPROVING life for the Middle Class!  ...whatever government aims to do, they fail.   When will we learn that government is best that governs least?  ...not because we can't stand regulation, but because government is incompetent, inefficient, and easily corrupted.   Only stro...more

Davicitova "Looks to me like Social Security has been paying out every months since 1937.   Looks to me like Medicare has been paying out since the mid-sixties."   Yes... and the price of houses didn't fall for 70 years also!   And note, the percentage of everyone's pay check feeding this payout has gone up very si...more

This is REAL.  We have not had to face this because the wealth of the rest of the world keeps flowing into investments here on the basis of our history (military, judicial and financial) AND NOT the reality of these deficits.  We cannot continue to ignore this.  At present, we are exporting our recession and importing ...more