Tea Party protest

[Skolhamarr]

Those in the US and maybe across World, agreeing with the ideas of lower taxes, more personal freedom, smaller federal government.

I myself and many others are feeling the pinch via the bad economy, most of us were reaching the boiling point with regards to frustration with a Government that appears to be completely out of control. I am glad to see this happening, It says volumes that the US does care about its future. They made mistake in Nov., more paying attention to world around them. I am major support of the Fair tax, national sale tax... make sure to Stimulus which would really work.

 

what are the your thoughts and of any of you going to these tea parties?

[ed8020]

Those in the US and maybe across World, agreeing with the ideas of lower taxes, more personal freedom, smaller federal government.

I myself and many others are feeling the pinch via the bad economy, most of us were reaching the boiling point with regards to frustration with a Government that appears to be completely out of control. I am glad to see this happening, It says volumes that the US does care about its future. They made mistake in Nov., more paying attention to world around them. I am major support of the Fair tax, national sale tax... make sure to Stimulus which would really work.

 

what are the your thoughts and of any of you going to these tea parties?

I have no problem with the amount of taxes, just how we pay them.

I think a sales tax is the way to go.

I wouldn't mind a gas tax and do away with private auto insurance either.

If you drive, you're covered. The less you drive the less you pay.

[LHammonds]

I certainly think the Fed is overstepping their power.

 

Many people do not realize the Fed exists to help the states, not the other way around. And the only authority and binding between the states and the Fed is the Constitution! All this extra crap coming from the Fed down to the citizen is an overreach of power.

 

And about the gas? Sure, it sounds nice at first but they are shifting away from gas to try and tax you based on how far you travel to work using a GPS device. What's next? Are they going to charge me "Carbon Tax" each time my horse farts if we have to go back to that means of transportation?

 

Do you guys realize they are squeezing farmers to only buy genetically enhanced seeds? Do you also realize that seeds are being designed so that they do not produce fruit that can multiply? In other words, you have to keep buying the special seeds from the vendor...which also happens to be owned by a major drug company. The amount of control that is being forced down upon us is getting ridiculous. I see many moves being played to turn free people into slaves and it is being done a little at a time.

 

Here are some related items:

 

 

 

WashingtonTimes Article: Federal agency warns of radicals on right

[juderodney]

It's not just Texas, but half the states are working on resolutions to that effect!

 

http://www.oktenth.com

http://www.tenthamendmentcenter.com/

 

Either the reset button is about to be pressed or there's gonna be some REAL trouble! o_O

[humanbean234]

The "Fair Tax Plan" is fundamentally flawed. This from CNN...

 

Boortz and Linder argue that individuals would be better off following a switch from an income-tax structure to a national sales tax in part because they would pocket 100 percent of their paychecks.

 

While consumers would pay a federal sales tax on purchased items, the authors argue that prices at the store would stay the same. The reason: everyone involved in the process of production would no longer be paying taxes, so they could charge less for their goods and labor.

 

If true, that would mean a dramatic increase in Americans' purchasing power.

 

But, according to the MONEY report, the book fails to make clear that, in order for pre-tax prices to fall so sharply, companies would also have to cut wages they pay.

 

"Sure, you'd get to 'keep 100 percent of your paycheck,' as Boortz and Linder repeatedly write, but it would be a smaller paycheck," MONEY senior editor Pat Regnier writes. "That's kind of a big thing to leave out."

 

Source: http://money.cnn.com/2005/09/06/pf/taxes/fairtax/index.htm

 

The idea of smaller federal government is also rather flawed. Federal agencies exist to regulate and oversee certain activites that affect interstate activites. We've all seen how well deregulation and self-regulation worked in the housing, finance, and investment banking fields, haven't we?

 

Tea Parties are underinformed hoopla designed to play on an old legend of what "patriotism" is described as.

Here's one of the biggest advocates of Tea Bag Parties and his promotional video (with annotated comments)

 

http://www.dailykos.com/storyonly/2009/4/1...ks-Thomas-Paine

 

I could continue, but I need to get to work.

[juderodney]

First off, these are TEA PARTIES. Their detractors call them 'tea bag' parties as a sexual insult.

 

Second, tell me what Housing and Urban Development , Federal Housing Authority, Federal Trade Commission, and Federal Reserve Board do if not regulate the various businesses you mentioned earlier? Deregulation? I think not!

[Dilvish]

There's lots of anger today since it's tax day in the US and people have had to figure out how much in they actually paid (or still owe) for 2008. I worked the first half of '08 and took a lump sum distribution from a pension plan. Though I'm retired now and plan to live on that money for several years, it bumped my single-year income up higher. I could have lived for a year and a half easily on what I paid for federal and California state income taxes this year.

 

I voted with my feet in 2008 and moved from California to Nevada. California has high state taxes and is in terrible fiscal shape. Nevada has no state income tax and is in trouble too but at least they don't have a state tax. I think the US is going follow the big tax and spend California model for the next few years. We'll see where it takes us.

[Skolhamarr]

CNN is fundamentally flawed, but this more in line with party politics... not even 1 time have seen CNN really give a good report or coverage of the events of this day. So they have chosen to ignore this to support their political cause. Both sides are at fault for our current tax system and economic. I live in Atlanta, I can not even get close to what is happening... As Business owner, I want lower taxes and yes my anger is high today.. The Tax code we have is unjust, to all Americans it has to change....

 

I believe in states power over the federal government I isnt like the South is new to those ideas before. I do not want to see that ever happen, we need to stand united.

 

I am going to get back to this people have good one... :thanks:

[humanbean234]

First off, these are TEA PARTIES. Their detractors call them 'tea bag' parties as a sexual insult.

Second, tell me what Housing and Urban Development , Federal Housing Authority, Federal Trade Commission, and Federal Reserve Board do if not regulate the various businesses you mentioned earlier? Deregulation? I think not!

First off, oops, my bad, there was no slur intended by the inclusion of the word "bag".

Second, the deregulation I'm primarily discussing began with the changes made to the Glass-Steagall Act in 1980 ( http://en.wikipedia.org/wiki/Depository_In...ary_Control_Act ) the eventual repeal of the Glass-Steagall Act in 1998 ( http://en.wikipedia.org/wiki/Glass-Steagall_Act ) and the subsequent 2004 actions by the Securities and Exchange Commission that changed investment banking capital:debt limits ( http://www.nytimes.com/2008/10/03/business/03sec.html ) while expecting those institutions to self-regulate.

Shall I also mention the deregulation of the Energy Market in California which led to good ol' Enron? ( http://en.wikipedia.org/wiki/California_electricity_crisis )

 

Please state your arguments FOR deregulation, citing examples of where it has proven beneficial.

[juderodney]

Let's start with Enron and the California crisis.

 

If you read the intro to the link you posted, you'd find that BECAUSE of the regulations, one company went out of business and another had to be bailed out! That's because the price controls forced them to to operate at a loss of revenue. No profit = no business.

 

Now, according to here:

http://en.wikipedia.org/wiki/Enron_scandal

 

It wasn't just deregulation that killed Enron (Who should've profited massively) but funky accounting practices from the 1990s. I case you hadn't noticed, that's long before the deregulation took place. Also, a lot of people despised Gray Davis for his handling of the energy crisis. That's how Ahnold got elected governor in the first place, not to mention the .com bust that helped California's economy in no way imaginable. (unless one uses the "destructive creativity" argument)

 

"Also, check out the 1995 amendments to the Community Reinvestment Act.

In October 1997, First Union Capital Markets and Bear, Stearns & Co launched the first publicly available securitization of Community Reinvestment Act loans, issuing $384.6 million of such securities. The securities were guaranteed by Freddie Mac and had an implied "AAA" rating. The public offering was several times oversubscribed, predominantly by money managers and insurance companies who were not buying them for CRA credit."

http://en.wikipedia.org/wiki/Community_Rei...ry_changes_1995

 

Look at where Bear and Freddie Mac are now.

 

 

No, there are 3 major reasons this economic crunch took place:

 

1. Too many people making mortgages they can't pay off. This is not just happening in the US.

http://en.wikipedia.org/wiki/2007_subprime...inancial_crisis

 

2. Incredibly high oil prices in 2007 and 2008. This can be from several factors which is a completely different debate. Let's just say $4-5 per gallon gas didn't exactly give our economy a boost.

 

3. This.

http://www.usdebtclock.org/