Capitalism vs. Socialism — Videos

Posted on January 9, 2016. Filed under: Agriculture, American History, Articles, Babies, Blogroll, Business, College, Communications, Congress, Constitution, Crime, Crisis, Culture, Documentary, Economics, Education, Employment, Entertainment, Faith, Family, Federal Government, Fraud, government spending, Heroes, history, History of Economic Thought, Homicide, Illegal, Immigration, Inflation, Law, Legal, liberty, Life, Links, Literacy, Macroeconomics, media, Microeconomics, Money, Movies, Non-Fiction, People, Philosophy, Photos, Political Correctness, Politics, Radio, Rants, Raves, Security, Strategy, Talk Radio, Taxation, Taxes, Technology, Television, Terrorism, Transportation, Video, War, Wealth, Welfare, Wisdom, Work, Writing | Tags: , , , , , , , , , , |

mith marxsocialism capitalism 2capitalism_socialism_communismcapitalism-vs-socialism-vs-communismcommunism-vs-capitalism capitalism-socialism-and-communism-spelled-out-in-their-pros-political-poster   nolan-chart-basicphilosophies
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Capitalism vs Socialism

Cartoon – Ronald Reagan on Big Government Programs

Reagan and Obama Face-off in the Ring – I Want Your Money Movie Clip

Adam Smith, Ludwig von Mises, Friedrich Hayek, Ayn Rand, Milton Friedman & Capitalism?

Ayn Rand on Socialism and Dictatorship

Ayn Rand Schools Socialist Phil Donahue

Ayn Rand on Donahue 1979

Atlas Shrugged – ‘The Money Speech’ Mike Maloney

Ayn Rand ‘Man’s Rights’ From ‘Capitalism: The Unknown Ideal’

Milton Friedman – Socialism vs. Capitalism

Milton Friedman – Socialism is Force

Odc.3 – Milton Friedman – Free to Choose (1990) – The Failure of Socialism Napisy PL

Thomas Sowell and a Conflict of Visions

Thomas Sowell (former Marxist) Dismantles Leftist Ideology

Thomas Sowell on Capitalism Part 1/2

Thomas Sowell on Capitalism Part 2/2

Uncommon Knowledge: Thomas Sowell on the Vulgar Pride of Intellectuals

Friedrich Hayek: Why Intellectuals Drift Towards Socialism

Friedrich Hayek on Socialism

Friedrich Hayek: Free Market vs Socialism

Friedrich von Hayek: His Life and Thought

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HIM Obama, HIM Obama, HIM Obama — His Imperial Majesty — Monarch of Marxism, Czar of Communism, Shah of Socialism, and Pharaoh of Progressivism — His Imperial Majesty Obama — HIM Obama, HIM Obama, HIM Obama — HIM That Must Be Obeyed — If You Like Your Plan You Can Keep Your Plan For One More Year — Videos

Posted on November 14, 2013. Filed under: American History, Blogroll, Communications, Computers, Constitution, Demographics, Diasters, Economics, Federal Government, Federal Government Budget, Fiscal Policy, government, government spending, Health Care, history, Inflation, IRS, Law, liberty, Life, Links, Literacy, media, Medicine, Narcissism, People, Philosophy, Photos, Politics, Press, Psychology, Radio, Rants, Raves, Regulations, Resources, Security, Strategy, Talk Radio, Tax Policy, Taxes, Technology, Television, Unemployment, Video, Wealth, Wisdom, Writing | Tags: , , , , , , , , , , , |

The Pronk Pops Show

Pronk Pops Show 167: November 14, 2013

Pronk Pops Show 166: November 13, 2013

Pronk Pops Show 165: November 12, 2013

Pronk Pops Show 164: November 11, 2013

Pronk Pops Show 163: November 8, 2013

Pronk Pops Show 162: November 7, 2013

Pronk Pops Show 161: November 4, 2013

Pronk Pops Show 160: November 1, 2013

Pronk Pops Show 159: October 31, 2013

Pronk Pops Show 158: October 30, 2013

Pronk Pops Show 157: October 28, 2013

Pronk Pops Show 156: October 25, 2013

Pronk Pops Show 155: October 24, 2013

Pronk Pops Show 154: October 23, 2013

Pronk Pops Show 153: October 21, 2013

Pronk Pops Show 152: October 18, 2013

Pronk Pops Show 151: October 17, 2013

Pronk Pops Show 150: October 16, 2013

Pronk Pops Show 149: October 14, 2013

Pronk Pops Show 148: October 11, 2013

Pronk Pops Show 147: October 10, 2013

Pronk Pops Show 146: October 9, 2013

Pronk Pops Show 145: October 8, 2013

Pronk Pops Show 144: October 7, 2013

Pronk Pops Show 143: October 4 2013

Pronk Pops Show 142: October 3, 2013

Pronk Pops Show 141: October 2, 2013

Listen To Pronk Pops Podcast or Download Show 165-167

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Segment 0: HIM Obama, HIM Obama, HIM Obama — His Imperial Majesty — Monarch of Marxism, Czar of Communism, Shah of Socialism, and Pharaoh of Progressivism — His Imperial Majesty Obama — HIM Obama, HIM Obama, HIM Obama — HIM That Must Be Obeyed — If You Like Your Plan You Can Keep Your Plan For One More Year — Videos

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characteristics_qualtities_barack_obama

how_Americans_View_Barack_Obamamedicare__social_security_deficits_chartsocial_security_medicareCP-fed-spending-numbers-2013-page-2-chart-2CP-fed-spending-numbers-2013-page-3-chart-2 CP-fed-spending-numbers-2013-page-6-chart-1

A Montage of Obama’s “If You Like Your Plan Keep It” Lies

President Obama describing how to reach single payer flashback

Barack Obama: ‘We Fumbled the Roll Out on This Health Care Law,’ ‘That’s on Me’ – 11-14-2013

Barack Obama Full Speech on Obamacare Disaster & Keep Your Plan Promise – November 14, 2013

Obama wants it both ways on single payer

Obama’s Single Payer Health Care System : New World Order ( NWO )

President Obama Wants A Single Payer Health Care System

Obama on single payer health insurance

Barack Obama and single payer health care

Obama On Single Payer Health Care

President Obama answers question on Health Care Website (C-SPAN Clip)

Obama Town Hall 1st Question? Single Payer

Obama In ’09: Medicare “Is Going Broke”

Trustees say long-run Medicare, Social Security deficit is $66 trillion

Social Security and Medicare – the two largest federal programs – are on track to generate $66 trillion in deficits over time, according to the latest analysis from the programs’ trustees.

Taken together, the reports underscore the fact that whatever modest improvement there has been in the near-term deficit outlook, the nation still faces deep long-term fiscal challenges.

In 2013, Social Security’s trustees expect the program to pay out $79 billion more in benefits than the government collects in Social Security taxes, and anticipate the program running deficits in perpetuity. This is despite the expiration of the 2011-12 payroll tax holiday and the improvement in the economy. Back when President Bush advocated Social Security reform, the program wasn’t supposed to start running annual deficits until 2018.

Typically, the media places emphasis on the Social Security “trust fund.” That is, in past years in which the government was collecting more in Social Security taxes than it cost to provide benefits, it spent the surplus on other government functions and issued IOUs to the Social Security system. Though the distinction is silly given that the money all has to come from the same bank account, the trustees estimate that these IOUs will now run out in 2033, at which point, absent other changes, the federal government would have to automatically cut Social Security benefits by 23 percent. When Bush was advocating Social Security reform, this wasn’t projected to happen until 2042. Put another way, the trust fund exhaustion date that was 37 years away during the Bush era when liberals denied the existence of a Social Security crisis, is now just 20 years away.

Under the trustees’ “infinite horizon” estimates that project the cost of Social Security over time in present dollars, the program is running a long-term deficit of $23.1 trillion.

When it comes to Medicare, the outlook is even grimmer, because the demographics of an expanding older generation, which challenge the finances of Social Security, interact with rising health care costs.

The finances of Medicare are also more complicated, because the program has several different funding streams. The hospital payment program, Medicare Part A, like Social Security, is financed by a payroll tax, in addition to general federal revenue. Medicare Part B (which covers services such as doctors visits and lab tests in addition to equipment such as wheelchairs) and Medicare Part D (which covers prescription drugs) are financed by a combination of collecting premiums from beneficiaries and general revenue.

Over time, the trustees project the hospital fund has $3.5 trillion in unfunded obligations, Part B will require $25 trillion in general revenue to finance, and Part D — passed by a Republican Congress and signed by Bush — will require an injection of $14.4 trillion. All told, Medicare will run $42.9 trillion short. Combined with Social Security, the long-term deficit of the two programs is $66 trillion.

This, however, likely understates the true extent of the financial problems facing Medicare. The reason is that these projections assume that all of the Medicare cuts in President Obama’s health care law will be fully implemented and that Congress will allow scheduled cuts to doctors’ payments to go into effect, even though lawmakers routinely vote to delay such cuts.

Paul Spitalnic, the acting chief actuary of the Centers for Medicare and Medicaid Services, in a statement at the end of the report, cautioned that the projections were ultimately “implausible.” For instance, they would require a cut to Medicare physicians’ payments of nearly 25 percent this January.

“Further, while the Affordable Care Act makes important changes to the Medicare program and substantially improves its financial outlook, there is a strong likelihood that certain of these changes will not be viable in the long range,” Spitalnic wrote. He continued: “Without unprecedented changes in health care delivery systems and payment mechanisms, the prices paid by Medicare for health services are very likely to fall increasingly short of the costs of providing these services. By the end of the long-range projection period, Medicare prices for hospital, skilled nursing facility, home health, hospice, ambulatory surgical center, diagnostic laboratory, and many other services would be less than half of their level without consideration of the productivity price reductions. Medicare prices would be considerably below the current relative level of Medicaid prices, which have already led to access problems for Medicaid enrollees, and far below the levels paid by private health insurance. Well before that point, Congress would have to intervene to prevent the withdrawal of providers from the Medicare market and the severe problems with beneficiary access to care that would result. Overriding the productivity adjustments, as Congress has done repeatedly in the case of physician payment rates, would lead to substantially higher costs for Medicare in the long range than those projected under current law.”

According to an alternate set of assumptions in which Congress undoes these cuts, the trustees estimate that the Medicare program could cost about 50 percent more over a 75-year period.

On paper, the Medicare hospital “trust fund” won’t be exhausted until 2026, which is two years later than last year and nine years later than before the passage of Obamacare. But, this estimate is based on the same unreasonable assumptions. Additionally, it’s misleading, because the projected Medicare savings are really supposed to be used to help finance the health care law’s new spending rather than extend the solvency of Medicare.

http://washingtonexaminer.com/trustees-say-long-run-medicare-social-security-deficit-is-66-trillion/article/2530908

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Israeli Brainwashed Glenn Beck’s Confused Hit Piece On Ron Paul–Get A Clue–Videos

Posted on November 22, 2011. Filed under: Agriculture, American History, Babies, Banking, Blogroll, Books, Business, College, Communications, Culture, Demographics, Diasters, Economics, Education, Employment, Energy, Enivornment, Entertainment, Farming, Federal Government, Fiscal Policy, Food, Foreign Policy, government, Health Care, history, Macroeconomics, Microeconomics, Monetary Policy, Money, Natural Gas, Nuclear Power, Oil, Wealth, Wisdom | Tags: , , , , , , , , , , , , , , , , , , , , , , |

“…Against the insidious wiles of foreign influence (I conjure you to believe me, fellow-citizens) the jealousy of a free people ought to be constantly awake, since history and experience prove that foreign influence is one of the most baneful foes of republican government. But that jealousy, to be useful, must be impartial, else it becomes the instrument of the very influence to be avoided, instead of a defense against it. Excessive partiality for one foreign nation and excessive dislike of another cause those whom they actuate to see danger only on one side, and serve to veil and even second the arts of influence on the other. Real patriots who may resist the intrigues of the favorite are liable to become suspected and odious, while its tools and dupes usurp the applause and confidence of the people to surrender their interests.

The great rule of conduct for us in regard to foreign nations is, in extending our commercial relations to have with them as little political connection as possible. So far as we have already formed engagements let them be fulfilled with perfect good faith. Here let us stop. …”

“…It is our true policy to steer clear of permanent alliances with any portion of the foreign world, so far, I mean, as we are now at liberty to do it, for let me not be understood as capable of patronizing infidelity to existing engagements. I hold the maxim no less applicable to public than to private affairs that honesty is always the best policy. I repeat, therefore, let those engagements be observed in their genuine sense. But in my opinion it is unnecessary and would be unwise to extend them.

Taking care always to keep ourselves by suitable establishments on a respectable defensive posture, we may safely trust to temporary alliances for extraordinary emergencies. …”

~President George Washington

Farewell Address, 1796

http://usinfo.org/docs/democracy/49.htm

Below is Glenn Beck’s hit piece on Ron Paul’s non-interventionist foreign policy.

You See … Even Glenn Beck thinks Ron Paul is an American Taliban Congressmen

Apparently, Beck skipped over Washington’s warning and advice about “the insidious wiles of foreign influences” and “to steer clear of permanent alliance.”

Beck would be well advised to heed Washington’s advice.

Instead he has become a shill for Israel, the  Israel lobby and the neoconservatives.

Beck has said in the past that he was a libertarian.

Do not be fooled, he is a pro-Israel big government neoconservative.

Ron Paul on Glenn Beck 6-27-11

Ron Paul This Speech Gave Me Chills

Ron Paul U S foreign Policy AIPAC Israel greatest obstacle no respect for the constitution

Is Ron Paul Really An Anti-Semite or the only one with the balls to tell us the truth!?

SA@TAC – Why Foreign Policy Matters Most 

The Truth About Terror | by The Southern Avenger

SA@TAC – Is Glenn Beck Killing the Tea Party?

SA@TAC – Ron Paul’s Conservative Foreign Policy

SA@TAC – The Great Neo-Con: Libertarianism Isn’t ‘Conservative’

The Lunacy of Norman Podhoretz by the Southern Avenger

Suggest Beck and his followers read George Nash’s book, The Conservative Intellectual Movement in America.

I always had some doubts about Glenn Beck and frankly never completely trusted him.

He is not a libertarian when it comes to foreign policy, but a closet neoconservative, that pops out of the closet to relieve himself, usually on the champion of the U.S. Constitution, Ron Paul.

Beck is no friend to principled conservative and libertarian, Ron Paul.

Beck, like Romney’s father, has been “brainwashed” about what needs to be done in the Middle East.

George Romney Brainwashing 1968 ElectionWallDotOrg

How to Brainwash a Nation

Romney, Gingrich and Paul on A Nuclear Iran – CBS News & National Journal GOP Debate

The only way Iran will not have a nuclear weapon is if Israel and the United States start a undeclared war with Iran and start World War III in the Middle East.

All Ron Paul is saying is follow the Constitution; go to Congress, make you case and if war is declared, win it.

Neither the progressives nor the neoconservatives want to do this for the simple reason the American people might say, “Are you nuts?”

Israel will most likely have to go it alone in attacking Iran.

The National Review has been captured by the neoconservatives and who did they put on their cover, Mitt Romney for president.

Ron Paul wants a  non-interventionist government policy both at home and abroad, as do I.

Beck actually agrees with Paul when he says that we should get out of the region, as do I.

Beck’s problem is he went to Israel and was given the “treatment” or “brainwashing” by the Government of Israel as have several other talk radio show host including Rush Limbaugh among several others.

The Communists used to do this with their carefully selected “useful” idiots.

I actually agree with Beck and Israel about the threat in the Middle East and Iran from radical Islam.

Iran has been at war with the United States using proxies for over thirty years.

Where we disagree is what to do about it.

Starting a world war by the United States attacking Iran is folly.

Ron Paul wants to bring the troops home from around the world,  dismantle the American empire of hundreds of military bases abroad and stop the U.S. government from empire or nation building and policing the world.

Let the people in these countries fight their own battles–Arabs against Iranians, Sunni against the Shia, Turkey against Syria and Iran, tribe against tribe, family against family.

America needs to simply mind its own business.

This is exactly what Washington and Paul are saying.

The majority of the American people are concluding after tens of thousands of American deaths and wounded and several trillions of dollars spent on undeclared wars that is would be far cheaper to bring the troops home and obtain our energy domestically.

Both the Democratic and Republican Party establishments and leaderships are deeply penetrated by both progressives and neoconservatives that want big government and a welfare and warfare economy that promotes collectivism and dependency on the government.

The progressive and neoconservatives are afraid of Ron Paul for the simple reason he might very well get elected President.

Question: Who is against Ron Paul?

Answer: Large U.S. banks, the military industrial complex, large U.S. corporation, unions, federal, state, and local governments and their bureaucracies, lawyers, accountants, lobbyists, many foreign governments who rely on U.S. for foreign aid, United Nations, progressives (including the  majority of the media and the academy) and neoconservatives including several radio talk show hosts and their regular guests (for example Bill Bennett and his neoconservative guests from the American Enterprise Institute).

Paul must be doing something right for he is scarring the hell out of both the Democratic and Republican establishment and their propagandist on the right, middle and center.

Reminds me of an old Barry Goldwater political ad:

Nikita Khrushchev Ad: Barry Goldwater 1964 Presidential Campaign Commercial

In your heart, you know Ron Paul is right.

I now consider Beck to be a “useful idiot” for the neoconservatives and the Israel lobby.

Beck at least in the past tired to connect the dots.

Beck’s weakness is he does not want to connect all the dots especially those that lead to advertisers such as large corporations.

It never occurs to Beck that if Ron Paul is so wise about the economy, why is he so wrong about foreign policy.

Here are three  very big clues for Beck:

Eisenhower warns us of the military industrial complex

Mind blowing speech by Robert Welch in 1958 predicting Insiders plans to destroy America

Ezra Taft Benson on The John Birch Society

“…This is an excerpt of an hour-long talk given in 1965 by Dwight D. Eisenhower’s Secretary of Agriculture, Ezra Taft Benson, just 4 years after having left the cabinet in Washington DC where he served the full 8 years (despite all predictions that he would be the first one in the cabinet to be removed given his severe anti-socialist policies). He sought to undo the bondage and destruction brought on by the New Deal as government now had moved far outside of it’s jurisdiction and constitutional bounds. Visit http://www.JBS.org for more information about The John Birch Society. …”

Government interventionism at home and abroad resulted in the welfare and warfare economy with massive government spending and dependency.

Beck is confusing the American people.

Sound familiar.

The American people and Ron Paul are going in same direction.

Beck manifestly  lies when he says that Ron Paul is going in the same direction as Romney and Gingrich.

Both Romney and Gingrich want bigger government not one that is limited in size and scope.

Both Romney and Gingrich want an interventionist foreign policy with America policing the world and nation building.

Both Romney and Gingrich wanted a mandated health insurance plan before they discovered that the American people do not.

Giveme a break.

The progressives, neoconservatives and the Israel lobby support either Romney or Gingrich not Ron Paul!

Ron Paul opposes foreign aid to all nations including Israel.

As a result many Jewish Americans conclude he must be an anti-Semite and anti-Israel.

No he is not. Paul is against foreign aid and for a non-interventionist foreign policy.

I cannot think of one talk radio show host that has served in the military, not a single one.

Beck did not wear the uniform of an American soldier, but now goes on his television show to point out he is wearing the lapel pin of the flag of Israel.

If Beck wants to support Israel may I suggest Beck  go to Israel and enlist in the Israeli Defense Forces (IDF).

Shame on Beck for his truly pathetic piece of propaganda and attack on Ron Paul.

Ron Paul is the only candidate running for President that is a veteran.

Dr. Paul served five years in the Air Force as a flight surgeon.

I trust Ron Paul and will vote for him.

I do not trust Obama, Romney, Gingrich, or Perry or their supporters in broadcasting.

Should Romney win the nomination, then the American people could be replacing an incompetent progressive with a competent one.

Voting for the lesser of two evils is still evil.

Instead of attacking Paul, Beck should examine his premises and logic and support him.

The progressive do not care whether Obama, Romney, Perry or even Gingrich are elected president.

Both the progressives and neoconservatives fear the election of Ron Paul.

Why?

Paul’s message is resonating with the American people because it is true and principled

Paul will win the Republican nomination.

However, should he not win the Republican nomination, I hope and pray he will form a new party.

Whether as a Republican or an independent, Paul will be our next president with a landslide victory over Obama.

The Ron Paul Story

SA@TAC – Conservatives’ Military-Industrial Complex

SA@TAC – The Return of the Real Right

A Tale of Two Rights | by The Southern Avenger

FOX News is No Better than the “Liberal Media” | by The Southern Avenger

“THESE are the times that try men’s souls. The summer soldier and the sunshine patriot will, in this crisis, shrink from the service of their country; but he that stands by it now, deserves the love and thanks of man and woman. Tyranny, like hell, is not easily conquered; yet we have this consolation with us, that the harder the conflict, the more glorious the triumph. What we obtain too cheap, we esteem too lightly: it is dearness only that gives every thing its value. Heaven knows how to put a proper price upon its goods; and it would be strange indeed if so celestial an article as FREEDOM should not be highly rated….”

~Thomas Paine, The Crisis, December 23, 1776

Background Articles and Videos

Is  Ron Paul an Antisemite? No

by               Walter Block

http://lewrockwell.com/block/block183.html

The ‘Israel Lobby’ Controversy

Elite Factionalism or Elite Conspiracy Theory?

by Will Banyan

“…Speaking in Washington DC in August 2006 as guests of CAIR, Walt made the point that they never said “the Israel lobby was all powerful.” It was “not some secret cabal that controls [U.S.] foreign policy”; rather, there were “countervailing forces out there, though they are much weaker, and the lobby doesn’t get its way on every single issue.” Walt’s important caveats highlight something missing from both the leftist analysis, exemplified by Zunes, and the more traditional conspiratorial analysis, both of which seem to contend that the ruling elites are monolithic and unfractured.

     

Among conspiracists, particularly those concerned with the New World Order, the dominant assumption is that all groups are so interconnected that the same objective—world government—must predominate. Any evidence to the contrary is usually dismissed as a contrivance designed to deceive the public, or as a grubby squabble for control of the same project. David Icke, for instance, assures us that most world leaders (Illuminati) “only appear to be in conflict for the purposes of deluding the people into a false reality” (Icke 477).

     

Yet indisputable evidence of elite factionalism—of the upper echelons of the food-chain chasing different agendas than world government —has long been apparent. In his magnum opus, Tragedy and Hope (1966), for example, Carroll Quigley had observed how, since the 1950s, Wall Street had been challenged by the “new wealth springing up outside the eastern cities, notably in the Southwest and Far West.” As early as 1964, the representatives of this “new wealth,” based in oil, aviation or armaments, had engaged in a financial struggle with the “old wealth” of the East for control of the political process—and ultimately of the White House—to ensure that high government spending on military and space continued (Quigley 1245-1246). This split between the so-called East Coast “Yankees” and the “Cowboys” of the Southwest was subsequently explored at length by Kirkpatrick Sale (1975) and Carl Oglesby (1977).

     

Seen through the prism of elite factionalism, The Israel Lobby and U.S. Foreign Policy is a valuable addition to this neglected field. It highlights in some detail the workings and influence of yet another private grouping that subverts democratic processes in service of a narrow agenda. Of course, some caution is necessary as the outcry over its activities is driven by elite, rather than popular, angst at losing the initiative. But to disregard it, either out of fears of being labeled as anti-Semitic or because it conflicts with other pet theories, would be shortsighted.

     

Whether the invasion of Iraq was for oil, Israel, or even world government (a contention doggedly advocated by the John Birch Society) will no doubt occupy the minds of various researchers for decades to come. But what should be clear is that in taking issue with the workings of various elite groups, we should not privilege one over the other as targets of our disdain, but recognize that the assault on democracy takes many forms and comes from many quarters and is always at the expense of the powerless.

Documentary on the John Birch Society

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Ayn Rand: A Sense Of Life–Videos

Posted on April 16, 2011. Filed under: American History, Banking, Blogroll, Books, Business, College, Communications, Culture, Diasters, Economics, Education, Employment, Entertainment, European History, Federal Government, Fiscal Policy, Foreign Policy, government, government spending, history, Investments, Language, Law, liberty, Life, Links, media, Monetary Policy, Money, Movies, People, Philosophy, Politics, Psychology, Raves, Regulations, Talk Radio, Taxes, Technology, Transportation, Video, War, Wealth, Wisdom | Tags: , , , , , , , , , , , , , , , , , , |

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Ayn Rand – A Sense of Life 04

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Ayn Rand – A Sense of Life 06

Ayn Rand – A Sense of Life 07

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Ayn Rand – A Sense of Life 09

Ayn Rand – A Sense of Life 10

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Ayn Rand’s Howard Roark–Individualist–Replies To Barack Obama–Collectivist–Videos

Posted on April 15, 2011. Filed under: Blogroll, Communications, Culture, Demographics, Economics, Entertainment, Movies, Private Sector, Public Sector, Unions, War, Wealth, Wisdom | Tags: , , , , , , , , , , , , , |

Howard Roark makes a case against Barack Obama Individual vs collectivism

 

Background Articles and Videos

 

G. Edward Griffin- On Individualism v Collectivism #1

 

G. Edward Griffin- On Individualism v Collectivism #2

 

G. Edward Griffin- On Individualism v Collectivism #3

 

G. Edward Griffin- On Individualism v Collectivism #4

 

Tactics for socialist takeover of nations 1 of 2: Fabianism & Leninism

 

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Cannibal Obama Eats The Rich–A Progressive’s Delight–Yummy, Yummy, Yummy–Videos

Posted on April 15, 2011. Filed under: American History, Babies, Banking, Blogroll, Communications, Economics, Employment, Federal Government, Fiscal Policy, government, government spending, history, Investments, Language, Law, liberty, Life, Links, media, Monetary Policy, Money, Music, People, Philosophy, Politics, Rants, Raves, Taxes, Video, War, Wealth | Tags: , , , , , , , , , , |

Obama’s Plan to Tax the Rich

EAT THE RICH!

Eat The Rich Part 7

Eat The Rich Part 8

yummy yummy yummy(with lyrics)

Table 1
Summary of Federal Individual Income Tax Data, 2008

(Updated October 2010)

  Number of Returns with Positive AGI AGI
($ millions)
Income Taxes Paid
($ millions)
Group’s Share of Total AGI Group’s Share of Income Taxes Income Split Point Average Tax Rate
All Taxpayers 139,960,580 8,426,625 1,031,512 100% 100% 12.24%
Top 1% 1,399,606 1,685,472 392,149 20.00% 38.02% $380,354 23.27%
1-5% 5,598,423 1,241,229 213,569 14.73% 20.70%   17.21%
Top 5% 6,998,029 2,926,701 605,718 34.73% 58.72% $159,619 20.70%
5-10% 6,998,029 929,761 115,703 11.03% 11.22%   12.44%
Top 10% 13,996,058 3,856,462 721,421 45.77% 69.94% $113,799 18.71%
10-25% 20,994,087 1,821,717 169,193 21.62% 16.40%   9.29%
Top 25% 34,990,145 5,678,179 890,614 67.38% 86.34% $67,280 15.68%
25-50% 34,990,145 1,673,932 113,025 19.86% 10.96%   6.75%
Top 50% 69,980,290 7,352,111 1,003,639 87.25% 97.30% >$33,048 13.65%
Bottom 50% 69,980,290 1,074,514 27,873 12.75% 2.70% <$33,048 2.59%
Source: Internal Revenue Service Table 6
Total Income Tax Shares, 1980-2008 (Percent of federal income tax paid by each group)
Year Total Top 0.1% Top 1% Top 5% Between 5% & 10% Top 10% Between 10% & 25% Top 25% Between 25% & 50% Top 50% Bottom 50%
1980 100%   19.05% 36.84% 12.44% 49.28% 23.74% 73.02% 19.93% 92.95% 7.05%
1981 100%   17.58% 35.06% 12.90% 47.96% 24.33% 72.29% 20.26% 92.55% 7.45%
1982 100%   19.03% 36.13% 12.45% 48.59% 23.91% 72.50% 20.15% 92.65% 7.35%
1983 100%   20.32% 37.26% 12.44% 49.71% 23.39% 73.10% 19.73% 92.83% 7.17%
1984 100%   21.12% 37.98% 12.58% 50.56% 22.92% 73.49% 19.16% 92.65% 7.35%
1985 100%   21.81% 38.78% 12.67% 51.46% 22.60% 74.06% 18.77% 92.83% 7.17%
1986 100%   25.75% 42.57% 12.12% 54.69% 21.33% 76.02% 17.52% 93.54% 6.46%
Tax Reform Act of 1986 changed the definition of AGI, so data above and below this line not strictly comparable
1987 100%   24.81% 43.26% 12.35% 55.61% 21.31% 76.92% 17.02% 93.93% 6.07%
1988 100%   27.58% 45.62% 11.66% 57.28% 20.57% 77.84% 16.44% 94.28% 5.72%
1989 100%   25.24% 43.94% 11.85% 55.78% 21.44% 77.22% 16.94% 94.17% 5.83%
1990 100%   25.13% 43.64% 11.73% 55.36% 21.66% 77.02% 17.16% 94.19% 5.81%
1991 100%   24.82% 43.38% 12.45% 55.82% 21.46% 77.29% 17.23% 94.52% 5.48%
1992 100%   27.54% 45.88% 12.12% 58.01% 20.47% 78.48% 16.46% 94.94% 5.06%
1993 100%   29.01% 47.36% 11.88% 59.24% 20.03% 79.27% 15.92% 95.19% 4.81%
1994 100%   28.86% 47.52% 11.93% 59.45% 20.10% 79.55% 15.68% 95.23% 4.77%
1995 100%   30.26% 48.91% 11.84% 60.75% 19.62% 80.36% 15.03% 95.39% 4.61%
1996 100%   32.31% 50.97% 11.54% 62.51% 18.80% 81.32% 14.36% 95.68% 4.32%
1997 100%   33.17% 51.87% 11.33% 63.20% 18.47% 81.67% 14.05% 95.72% 4.28%
1998 100%   34.75% 53.84% 11.20% 65.04% 17.65% 82.69% 13.10% 95.79% 4.21%
1999 100%   36.18% 55.45% 11.00% 66.45% 17.09% 83.54% 12.46% 96.00% 4.00%
2000 100%   37.42% 56.47% 10.86% 67.33% 16.68% 84.01% 12.08% 96.09% 3.91%
2001 100% 16.06% 33.89% 53.25% 11.64% 64.89% 18.01% 82.90% 13.13% 96.03% 3.97%
2002 100% 15.43% 33.71% 53.80% 11.94% 65.73% 18.16% 83.90% 12.60% 96.50% 3.50%
2003 100% 15.68% 34.27% 54.36% 11.48% 65.84% 18.04% 83.88% 12.65% 96.54% 3.46%
2004 100% 17.44% 36.89% 57.13% 11.07% 68.19% 16.67% 84.86% 11.85% 96.70% 3.30%
2005 100% 19.26% 39.38% 59.67% 10.63% 70.30% 15.69% 85.99% 10.94% 96.93% 3.07%
2006 100% 19.56% 39.89% 60.14% 10.65% 70.79% 15.47% 86.27% 10.75% 97.01% 2.99%
2007 100% 20.19% 40.41% 60.61% 10.59% 71.20% 15.37% 86.57% 10.54% 97.11% 2.89%
2008 100% 18.47% 38.02% 58.72% 11.22% 69.94% 16.40% 86.34% 10.96% 97.30% 2.70%
Source: IRS        

http://www.taxfoundation.org/news/show/250.html

Federal income tax rates

1930 – 1960

Historical income tax rates for Married Filing Jointly at stated income levels.[3]

Year $20,001 $60,001 $100,001
1930 10% 21% 25%
1932 16% 36% 56%
1934 19% 37% 56%
1936 19% 39% 62%
1938 19% 39% 62%
1940 28% 51% 62%
1942 55% 75% 85%
1944 59% 81% 92%
1946 56% 78% 89%
1948 56% 78% 89%
1950 56% 78% 89%
1952 62% 80% 90%
1954 56% 78% 89%
1956 38% 62% 75%
1958 38% 62% 75%
1960 38% 62% 75%

Year 2008 income brackets and tax rates

Marginal Tax Rate Single Married Filing Jointly or Qualified Widow(er) Married Filing Separately Head of Household
10% $0 – $8,025 $0 – $16,050 $0 – $8,025 $0 – $11,450
15% $8,026 – $32,550 $16,051 – $65,100 $8,026 – $32,550 $11,451 – $43,650
25% $32,551 – $78,850 $65,101 – $131,450 $32,551 – $65,725 $43,651 – $112,650
28% $78,851 – $164,550 $131,451 – $200,300 $65,726 – $100,150 $112,651 – $182,400
33% $164,551 – $357,700 $200,301 – $357,700 $100,151 – $178,850 $182,401 – $357,700
35% $357,701+ $357,701+ $178,851+ $357,701+

Year 2009 income brackets and tax rates

Marginal Tax Rate[4] Single Married Filing Jointly or Qualified Widow(er) Married Filing Separately Head of Household
10% $0 – $8,350 $0 – $16,700 $0 – $8,350 $0 – $11,950
15% $8,351 – $33,950 $16,701 – $67,900 $8,351 – $33,950 $11,951 – $45,500
25% $33,951 – $82,250 $67,901 – $137,050 $33,951 – $68,525 $45,501 – $117,450
28% $82,251 – $171,550 $137,051 – $208,850 $68,526 – $104,425 $117,451 – $190,200
33% $171,551 – $372,950 $208,851 – $372,950 $104,426 – $186,475 $190,201 – $372,950
35% $372,951+ $372,951+ $186,476+ $372,951+

Year 2010 income brackets and tax rates

Marginal Tax Rate[5] Single Married Filing Jointly or Qualified Widow(er) Married Filing Separately Head of Household
10% $0 – $8,375 $0 – $16,750 $0 – $8,375 $0 – $11,950
15% $8,376 – $34,000 $16,751 – $68,000 $8,376 – $34,000 $11,951 – $45,550
25% $34,001 – $82,400 $68,001 – $137,300 $34,001 – $68,650 $45,551 – $117,650
28% $82,401 – $171,850 $137,301 – $209,250 $68,651 – $104,625 $117,651 – $190,550
33% $171,851 – $373,650 $209,251 – $373,650 $104,626 – $186,825 $190,551 – $373,650
35% $373,651+ $373,651+ $186,826+ $373,651+

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

U.S. Debt Clock

http://www.usdebtclock.org/

Year Gross Debt in Billions undeflated[11] as % of GDP Debt Held By Public ($Billions) as % of GDP
1910 2.6 unk. 2.6 unk.
1920 25.9 unk. 25.9 unk.
1928 18.5[12] unk. 18.5 unk.
1930 16.2 unk. 16.2 unk.
1940 50.6 52.4 42.8 44.2
1950 256.8 94.0 219.0 80.2
1960 290.5 56.0 236.8 45.6
1970 380.9 37.6 283.2 28.0
1980 909.0 33.4 711.9 26.1
1990 3,206.3 55.9 2,411.6 42.0
2000 5,628.7 58.0 3,409.8 35.1
2001 5,769.9 57.4 3,319.6 33.0
2002 6,198.4 59.7 3,540.4 34.1
2003 6,760.0 62.6 3,913.4 35.1
2004 7,354.7 63.9 4,295.5 37.3
2005 7,905.3 64.6 4,592.2 37.5
2006 8,451.4 65.0 4,829.0 37.1
2007 8,950.7 65.6 5,035.1 36.9
2008 9,985.8 70.2 5,802.7 40.8
2009 12,311.4 86.1 7,811.1 54.6
2010 (31 Dec) 14,025.2 95.2 (3rd Q) 9,390.5 63.7 (3rd Q)

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

Historical Debt Outstanding – Annual 2000 – 2010

Includes legal tender notes, gold and silver certificates, etc.

The first fiscal year for the U.S. Government started Jan. 1, 1789. Congress changed the beginning of the fiscal year from Jan. 1 to Jul. 1 in 1842, and finally from Jul. 1 to Oct. 1 in 1977 where it remains today.

To find more historical information, visit The Public Debt Historical Information archives.

 MONTHLY STATEMENT OF THE PUBLIC DEBT
OF THE UNITED STATES
MARCH 31, 2011

TABLE I — SUMMARY OF TREASURY SECURITIES OUTSTANDING, MARCH 31, 2011
(Millions of dollars)
Amount Outstanding
Title                                         Debt Held             Intragovernmental         Totals
By the Public         Holdings
Marketable:
Bills…………………………………        1,694,692                     3,809                1,698,501
Notes…………………………………        5,843,938                     3,933                5,847,871
Bonds…………………………………          931,474                     3,815                  935,289
Treasury Inflation-Protected Securities…..          640,714                       125                  640,840
Federal Financing Bank  1  ……………..                0                    10,239                   10,239
Total Marketable  a………………………        9,110,819                    21,921 2              9,132,740
Nonmarketable:
Domestic Series………………………..           29,995                         0                   29,995
Foreign Series…………………………            3,786                         0                    3,786
State and Local Government Series………..          181,922                         0                  181,922
United States Savings Securities…………          186,864                         0                  186,864
Government Account Series……………….          136,956                 4,596,057                4,733,014
Hope Bonds 19………………………….                0                       493                      493
Other…………………………………            1,301                         0                    1,301
Total Nonmarketable  b……………………          540,824                 4,596,550                5,137,374
Total Public Debt Outstanding …………….        9,651,643                 4,618,471               14,270,115
TABLE II — STATUTORY DEBT LIMIT, MARCH 31, 2011
(Millions of dollars)
Amount Outstanding
Title                                         Debt Held             Intragovernmental         Totals
By the Public 17, 2Holdings
Debt Subject to Limit: 17, 20
Public Debt Outstanding…………………        9,651,643                 4,618,471               14,270,115
Less Amounts Not Subject to Limit:
Other Debt Not Subject to Limit………..              488                         0                      488
Unamortized Discount  3……………….           20,388                    20,657                   41,046
Federal Financing Bank  1     …………                0                    10,239                   10,239
Hope Bonds 19………………………..                0                       493                      493
Total Public Debt Subject to Limit……….        9,630,767                 4,587,082               14,217,849
Other Debt Subject to Limit:
Guaranteed Debt of Government Agencies  4                13                         0                       13
Total Public Debt Subject to Limit ………        9,630,780                 4,587,082               14,217,862
Statutory Debt Limit  5……………………………………………………………          14,294,000
Balance of Statutory Debt Limit…………………………………………………….              76,138
COMPILED AND PUBLISHED BY
THE BUREAU OF THE PUBLIC DEBT
http://www.TreasuryDirect.gov

http://www.treasurydirect.gov/govt/reports/pd/mspd/2011/opds032011.prn

Date Dollar Amount
09/30/2010 13,561,623,030,891.79
09/30/2009 11,909,829,003,511.75
09/30/2008 10,024,724,896,912.49
09/30/2007 9,007,653,372,262.48
09/30/2006 8,506,973,899,215.23
09/30/2005 7,932,709,661,723.50
09/30/2004 7,379,052,696,330.32
09/30/2003 6,783,231,062,743.62
09/30/2002 6,228,235,965,597.16
09/30/2001 5,807,463,412,200.06
09/30/2000 5,674,178,209,886.86

http://www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt_histo5.htm

The Presidential Divider

Obama’s toxic speech and even worse plan for deficits and debt.

“…Did someone move the 2012 election to June 1? We ask because President Obama’s extraordinary response to Paul Ryan’s budget yesterday—with its blistering partisanship and multiple distortions—was the kind Presidents usually outsource to some junior lieutenant. Mr. Obama’s fundamentally political document would have been unusual even for a Vice President in the fervor of a campaign. 

Joseph Rago and Steve Moore on who will pay more under the White House’s planned tax increases.

The immediate political goal was to inoculate the White House from criticism that it is not serious about the fiscal crisis, after ignoring its own deficit commission last year and tossing off a $3.73 trillion budget in February that increased spending amid a record deficit of $1.65 trillion. Mr. Obama was chased to George Washington University yesterday because Mr. Ryan and the Republicans outflanked him on fiscal discipline and are now setting the national political agenda.

Mr. Obama did not deign to propose an alternative to rival Mr. Ryan’s plan, even as he categorically rejected all its reform ideas, repeatedly vilifying them as essentially un-American. “Their vision is less about reducing the deficit than it is about changing the basic social compact in America,” he said, supposedly pitting “children with autism or Down’s syndrome” against “every millionaire and billionaire in our society.” The President was not attempting to join the debate Mr. Ryan has started, but to close it off just as it begins and banish House GOP ideas to political Siberia.

Mr. Obama then packaged his poison in the rhetoric of bipartisanship—which “starts,” he said, “by being honest about what’s causing our deficit.” The speech he chose to deliver was dishonest even by modern political standards. …”

http://online.wsj.com/article/SB10001424052748703730104576260911986870054.html

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