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As I see it, the Tea Party Tax just taxed major US corporations and stockholders

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KILL THE WISE ONE Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-05-11 01:24 AM
Original message
As I see it, the Tea Party Tax just taxed major US corporations and stockholders
Edited on Fri Aug-05-11 01:26 AM by KILL THE WISE ONE
Way more then the Democrats ever proposed.

As I believe in Keynesian Economics I pulled all my meager 401k funds from the stock market last Friday. Apparently so did a large group of other people this week.

The Debt Ceiling outcome makes it imposable to the Government to encourage growth in demand. In this environment growth of cannot be maintained. So stock prices must fall.

I read a lot of history and it looks to me like 1937 is being repeated.


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krispos42 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-05-11 01:29 AM
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1. $800,000,000,000 of stock value wiped out yesterday.
Doubtless, this is Obama's fault.
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Capn Sunshine Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-05-11 02:06 AM
Response to Original message
2. average of 5%
Still way lower than the percentage most Americans pay
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Turbineguy Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-05-11 05:12 AM
Response to Reply #2
3. Teabaggers introduce tax on holdings.
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