In response to:

Fiscal Cliff Notes

slawrence25 Wrote: Dec 04, 2012 12:48 AM
"All the pretty talk about how tax rates will be raised only on "the rich" hides the ugly fact that the poorest people in the country will see the value of their money decline, just like everybody else, and at the same rate as everybody else, when the government creates more money and spends it." That goes to the heart of all of it--the whole currency debasement mess and the neurotic bipolar political circus that naturally arose from it. If the currency wasn't debauched, the poor on up could actually live by the adage, "Work hard and save your money". Instead, their savings and wages are taxed, deliberately debased, to support the inflationary commerce spigots on the private side, and the warfare/welfare spigots on the public side.

Amid all the political and media hoopla about the "fiscal cliff" crisis, there are a few facts that are worth noting.

First of all, despite all the melodrama about raising taxes on "the rich," even if that is done it will scarcely make a dent in the government's financial problems. Raising the tax rates on everybody in the top two percent will not get enough additional tax revenue to run the government for ten days.

And what will the government do to pay for the other 355 days in the year?

All the political angst and moral melodrama about getting "the rich" to pay...