I think income tax is a small portion of the tax picture. Property taxes, Sales taxes, utility taxes.. I consider fees under this guise as well License fees, application fees, etc.
It isnt republican or democrat...its the American Public as a whole's problem. If you make more money, by that very nature you are going to aquire more, and thru the proces pay more taxes. Its not focused on retarding success, its focused on trying to make sure the taxes are spread across the masses as a whole. Does it work?? Hell know, it hasnt for years. Can we fix it? Yes we can (not obama's yes we can, bob the dam builder's yes we can!!!)
Peaceful Protest's and right to assembly is our right and more power to them.
When everyone is done screaming and shouting, how about WE THE PEOPLE, audit ourselves and see how much OUR government is wasting in inefficieny and bloat. How about WE take a meticulous look at those representatives WE voted in, and correct those mistakes. I think WE might surprise ourselves.
I dont know about you, but a trillion dollars is an elephants ass load of money. British terms.. 1000 BILLION FRAKKING DOLLARS!!!! Ill say that again 1000 BILLION FRAKING DOLLARS!!!!
For perspective, BILL GATES, WARREN BUFFET, IBM, and that telcom Monopolist guy in Mexico together are less than 250 BILLION.
Bill Gates has a foundation funded by 34 billion in assets to help world problems. ( he is a roberbaron asshole who beguiled the consumers of america and abroad to by his lemon software crap, at least he could do is help his own country first, bastard)(Im not against the rich, I dont like them, but succed if you can, but dont do it by robbing people. If you provide a good, safe, usable, product that people need or can help, do it, otherwise dont.)
Some estimated economic facts for ya, source, CIA fact book.https://www.cia.gov/library/publications/the-world-factbook/geos/us.html
GDP (purchasing power parity):
$14.29 trillion (2008 est.)
$14.11 trillion (2007)
$13.83 trillion (2006) GDP (official exchange rate):
$14.33 trillion (2008 est.)
ASS LOAD OF MONEY!!! and
GDP - real growth rate:
1.3% (2008 est.)
GDP - per capita (PPP):
$47,000 (2008 est.) GDP - composition by sector:
services: 79.2% (2008 est.)
Complete and utter BULLSHIT!!!
155.2 million (includes unemployed) (2008 est.) Labor force - by occupation:
percentage of labor dedicated to the bullshit above!!!
farming, forestry, and fishing 0.6%, manufacturing, extraction, transportation, and crafts 22.6%, managerial, professional, and technical 35.5%, sales and office 24.8%,
other services 16.5%
note: figures exclude the unemployed (2007)
7.2% (December 2008 est.)
Household income or consumption by percentage share:
lowest 10%: 2%
highest 10%: 30% (2007 est.)
Distribution of family income - Gini index:
Investment (gross fixed):
14.6% of GDP (2008 est.) Budget: this is ridiculous bloated over spending inefficient bullshit!! we should smack ourselves!!!
revenues: $2.524 trillion
expenditures: $2.979 trillion (2008 est.) Public debt: This is fucking sad!!!
60.8% of GDP (2007 est.)
Inflation rate (consumer prices):
4.2% (2008 est.)
Heres the Econmic description of our Country:
Economy - overview: The US has the largest and most technologically powerful economy in the world
, with a per capita GDP of $48,000. In this market-oriented economy, private individuals and business firms make most of the decisions, and the federal and state governments buy needed goods and services predominantly in the private marketplace. US business firms enjoy greater flexibility than their counterparts in Western Europe and Japan in decisions to expand capital plant, to lay off surplus workers, and to develop new products. At the same time, they face higher barriers to enter their rivals' home markets than foreign firms face entering US markets.
US firms are at or near the forefront in technological advances, especially in computers and in medical, aerospace, and military equipment; their advantage has narrowed since the end of World War II. The onrush of technology largely explains the gradual development of a "two-tier labor market" in which those at the bottom lack the education and the professional/technical skills of those at the top and, more and more, fail to get comparable pay raises, health insurance coverage, and other benefits. Since 1975, practically all the gains in household income have gone to the top 20% of households.
The war in March-April 2003 between a US-led coalition and Iraq, and the subsequent occupation of Iraq, required major shifts in national resources to the military. Hurricane Katrina caused extensive damage in the Gulf Coast region in August 2005, but had a small impact on overall GDP growth for the year. Soaring oil prices between 2005 and the first half of 2008 threatened inflation and unemployment, as higher gasoline prices ate into consumers' budgets. Imported oil accounts for about two-thirds of US consumption.
Long-term problems include inadequate investment in economic infrastructure, rapidly rising medical and pension costs of an aging population, sizable trade and budget deficits, and stagnation of family income in the lower economic groups. The merchandise trade deficit reached a record $847 billion in 2007, but declined to $810 billion in 2008, as a depreciating exchange rate for the dollar against most major currencies discouraged US imports and made US exports more competitive abroad.
The global economic downturn, the sub-prime mortgage crisis, investment bank failures, falling home prices, and tight credit pushed the United States into a recession by mid-2008. To help stabilize financial markets, the US Congress established a $700 billion Troubled Asset Relief Program (TARP) in October 2008. The government used some of these funds to purchase equity in US banks and other industrial corporations. In January 2009 the US Congress passed and President Barack OBAMA signed a bill providing an additional $787 billion fiscal stimulus - two-thirds on additional spending and one-third on tax cuts - to create jobs and to help the economy recover.