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Now there's an idea, how about the percentage share of financial wealth the top 1% own becomes their tax rate. The bigger share they take, the bigger share they pay.
"The primary thing required to obtain what you want from life, is simply the will to pursue it, and the faith to believe it is possible." - Author Unknown
"The ability to maintain discipline and stick to the rules is the hallmark of the experienced successful trader" - Curtis Faith
It's becoming like Mexico where the top 1% has close to 95% of the wealth. I recall back in 1999 , that idea was laughable. Now two taxing ongoing wars later and all the Fed intervention and the housing hustle and banksters bailout, multinationals having shipped 30 million jobs to China within the past 10 years under the media radar, with 2 trillion in corporate global profits not re-invested back into the U.S., whole small towns resorting to growing pot farms to make money, it's getting closer to the situation in Mexico, especially in California. You go to rundown sections of LA it already looks like Mexico and poor areas in central California -> in "middle-class" neighborhoods , every other neighbor works for the state usually in education or corrections.
sadly the economic trends don't look good for those of us in the US. despite the deep recession and unemployment, we are more productive! Thanks to automation and computers many jobs have been wiped out, never to return. I dread the day the rest of the US will be like California...
I don't know if you saw this, interesting talk at TED. How economic inequality harms societies.
The message, if you want to live the American dream, move to denmak! you won't find it in the US unless you are the 1%.
2012 would be the worst year ever with event there wil be difficult to undestand.
Food prizes will go up to start new riots and US will default the dollar with 40% and make China looking red.
A war with Iran will be pushed forward faster and faster. I think May month will be the times running out, but it can go faster.