We're not broke, the Government just doesn't have your money yet

Locutus

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Jun 18, 2007
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Rep. Keith Ellison: We’re Not Broke, The Government Just Doesn’t Have Your Money…Yet



Can they spell it out any more clearly than that? Ellison has been pushing this old canard for a bit, hopefully he gets shut down.


Via Townhall:
It’s not a new idea, but then again liberals are not known for “new” ideas. Since the 1910’s, progressive initiatives have been little more than a string of recycled redistributive concepts, and innovative ways to reduce the private ownership of wealth. The ‘Inclusive Prosperity Act’ is the latest in a long string of “transaction tax” proposals. Essentially the act would levy a sales tax on the trading of stocks, bonds and derivatives. And while the tax might be ill-conceived, and economically damaging, it was the sales pitch for the tax that proved to be most disturbing.


“The bottom line is we’re not broke, there’s plenty of money, it’s just the government doesn’t have it,” said Rep. Keith Ellison (D-Minn.), “The government has a right, the government and the people of the United States have a right to run the programs of the United States. Health, welfare, housing – all these things.”


Keep reading…



Minnesota
 

captain morgan

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Is there ever any Canadian news on this Canadian forum??

My money is all over the world..try and find it..

This may not be a Canadian issue right now, but if the US is able to pull the trigger on this, then it will be a big issue for Canada and any other nation whose gvt needs cash.

BTW - doesn't matter where your money is today, the second that you attempt to repatriate it to Canada, they will hammer ya
 

Locutus

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Yep, ain't nobody stopping anyone from posting articles of news they see fit. Besides, this being the US-American Politics sub-forum.

Members will get out of it what they put into it. ;-)