If you modify the PIA (Primary Insurance Amount) formula for Social Security to offer typical ponzi scheme type payouts, the median payment jumps from $1,177 to $6,950 per month. The high-end payments would go up to $15k+ a month. And it would run out of money next year, rather than being able to pay 100%… Continue reading If social security actually were a Ponzi scam
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Actual Class Warfare
With talk of class warfare in the air, it’s perhaps useful for the sake of context to re-examine the 1929 platform of the Communist Party of Great Britain, titled “Class Against Class” and representing an avowedly class warfare approach to an economic crisis. Here’s what they had to say on tax policy: (1) Abolition of… Continue reading Actual Class Warfare
End the Patriot Act | The White House
End the Patriot Act | The White House
Official White House petition to end the Patriot Act.
Ralph Nader praises Sarah Palin – “I think she’s a lot smarter than most people credit her,” says the left-wing crusader
Headline could also be Ralph Nader picks fight with Democrats again.
German police seek help over mystery ‘forest boy’
Berlin police have appealed for information to help them establish the identity of a teenager who appeared in the city saying that he had been living in the woods for five years.
The Buffett Rule
President Obama on Monday will call for a new minimum tax rate for individuals making more than $1 million a year to ensure that they pay at least the same percentage of their earnings as middle-income taxpayers, according to administration officials. … Mr. Obama, in a bit of political salesmanship, will call his proposal the… Continue reading The Buffett Rule
House GOP Rejects Tax Cuts For Middle Class
House GOP Rejects Tax Cuts For Middle Class
Anyone surprised? They would be against sunshine if Obama said he liked it.
Mitt Romney: Dick Cheney Is ‘The Kind Of Person I’d Like To Have’ As Vice President (VIDEO)
Mitt Romney: Dick Cheney Is ‘The Kind Of Person I’d Like To Have’ As Vice President (VIDEO)
At some point Mitt Romney is going to kill a hobo; just to prove how bad ass GOP tea party neo-con he can be.
Exciting new talking point: Jobs bill is “blue state bailout” – War Room – Salon.com
The Wall Street Journal today has a column by Hoover Institution fellow Paul E. Peterson reframing the concept of aid to cash-strapped states as a “blue-state bailout,” because “bailouts” are unpopular and it is more fun to imagine that Obama is rewarding his “most fervent supporters” with free money than it is to think that… Continue reading Exciting new talking point: Jobs bill is “blue state bailout” – War Room – Salon.com
When bitcoin collapses, it will prove Milton Friedman right once more
This kind of hoarding is made more likely by the way Bitcoin is set up. Whereas the supply of modern, “fiat” currencies is controlled by central banks, the supply of bitcoins is permanently limited; there will never be more than 21 million bitcoins in existence. (The total number of coins is a result of the… Continue reading When bitcoin collapses, it will prove Milton Friedman right once more