As time has gone on, the consumer has been beseeched with more and more taxation, and more and more consumer debt. I'm reminded of Burl Ives singing Silver and Gold, only instead of silver and gold, the line is taxes and debt.
Industrial modernization should have meant that taxation rates and consumer debt BOTH were reduced. Instead, the rich elite have used taxation and debt to accelerate economic "growth" that unfortunately has been built on a deck of cards.
Basically, we are screwed.
Now lets sing!
Taxes,
Taxes and Debt
Taxes and Debt
Taxes and Debt
The Government Fishes
For more Taxes and Debt
Have you measured
your credit worthiness?
Every newborn treasure
every newborn birth,
Taxes and Debt
Taxes and Debt
Means so much more
When we see people struggle
Taxes,
and consumer debt
under every Christmas Tree
Taxes, Taxes and Debt
Taxes, Taxes and Debt
Taxes and Debt
Taxes and Debt
Taxes and Debt
Miserly men print more cash
for the tired and old
and Mary was humbled to her knees
as the banks declared null and void
their own customers Home Equity...
It's Taxes and Debt
Taxes and Debt
suffocating the world
with their credit that binds
Taxes and Debt
how they make the customer shiver
On every Christmas night
On every Christmas night
Here is the original version,
Silver
Silver and gold
Silver and gold
Silver and gold
Ev'ryone wishes
For silver and gold
How do you measure
It's worth?
Just by the pleasure it
Gives here on Earth
Silver and gold
Silver and gold
Mean so much more
When I see
Silver
And gold decorations
On ev'ry Christmas tree
Silver, silver and gold
Silver, silver and gold
Silver and gold
Silver and gold
Silver and gold
Wise men brought gifts
To the manger I'm told
Mary was humble to see
Shepherds and kings
There on bended knees
It's silver and gold
Silver and gold
Feeling the world
With their lives
Silver and gold
How they shimmer
On ev'ry Christmas night
On ev'ry Christmas night
Silver
Silver and gold
Tuesday, December 9, 2008
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2 comments:
the consumer has been beseeched with more and more taxation, and more and more consumer debt.
True in some ways, but false in others. personal income taxes have fallen dramatically from their highs in the early-mid twentieth century.
Also, that's not what "beseeched" means.
Industrial modernization should have meant that taxation rates and consumer debt BOTH were reduced.
There is no cause-effect relationship here whatsoever. For example, modernization (required massive infrastructure improvements (see: highways). Those cost money. There's no necessary reason debt should have decreased either.
Instead, the rich elite have used taxation and debt to accelerate economic "growth" that unfortunately has been built on a deck of hards.
Yeah, man, rich people fucking love taxes.
Do you think before you type, or do the words just come out?
I liked the way beseeched sounds, so it is in. Consumer debt has risen, Cars last longer, efficiency has improved in many areas, yet debt is at all time high, Home equity is the lowest it has been since World War II in the United States.
In California, if someone is self employed, they owe close to 60%, maybe even more, in total taxes if they tried to comply with every tax law. Add in the bookkeeper and tax specialist and that number may rise some more, unless the tax specialist finds loopholes that offset their fee.
You may be rich, but are you a banker? if you are a banker, do you realize that cash flow matters more than freaking out over whether or not the customer can afford to play interest on a debt? Cash flow every month on a 30 year debt matters more than assessing interest right now that cannot be paid and results in a repossession.
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