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<blockquote data-quote="tonyexpress" data-source="post: 727180" data-attributes="member: 1940"><p>I hear people longing for the good old days all the time. Well, you're going to get them soon. Be prepared to be whisked back to 1792 before 24 stockbrokers and merchants signed the Buttonwood Agreement. Since crude oil is evil and, so, too, the stock market, we can be propelled back to the really good old days. </p><p>All kidding aside loading up the government with mounds of debt and a runaway deficit is an awful recipe for disaster. I'm for smart regulations. I'm for trying to get healthcare to more Americans. I'm for clean air. But we get it all the same way we became the greatest nation on the planet. <strong>We don't get there by becoming Greece.</strong> We don't get there by demonizing businesses and raising taxes. There is a skittish undertow to the market that is afraid of policies that doom our potential and thwart our greatness. </p><p> </p><p>Yesterday I did a radio hit with Bill Carroll on KFI-AM when I heard him tell an interesting story about Greece. Greek tax collectors canvassed wealthy neighborhoods in and around Athens asking residences if they had a swimming pool in an effort to enforce the swimming pool tax. 324 residents admitted to having swimming pools. Recently that same tax agency decided to investigate more and had helicopters plot the skies and count the number of pools. As it turns out there are 16,974 swimming pools in those neighborhoods! <strong>Gulp...is that massive corruption or massive resentment toward a government that takes from wage earners to support a mammoth government that provides 1/3 of the nation's jobs? </strong>The motivation to cheat and lie is enhanced by anger and frustration. That could happen anywhere. </p><p> </p><p>The rioters were not those people actually paying taxes but people living off those (dwindling) tax receipts. </p><p> </p><p><a href="http://www.wstreet.com/" target="_blank">Charles Payne</a></p></blockquote><p></p>
[QUOTE="tonyexpress, post: 727180, member: 1940"] I hear people longing for the good old days all the time. Well, you're going to get them soon. Be prepared to be whisked back to 1792 before 24 stockbrokers and merchants signed the Buttonwood Agreement. Since crude oil is evil and, so, too, the stock market, we can be propelled back to the really good old days. All kidding aside loading up the government with mounds of debt and a runaway deficit is an awful recipe for disaster. I'm for smart regulations. I'm for trying to get healthcare to more Americans. I'm for clean air. But we get it all the same way we became the greatest nation on the planet. [B]We don't get there by becoming Greece.[/B] We don't get there by demonizing businesses and raising taxes. There is a skittish undertow to the market that is afraid of policies that doom our potential and thwart our greatness. Yesterday I did a radio hit with Bill Carroll on KFI-AM when I heard him tell an interesting story about Greece. Greek tax collectors canvassed wealthy neighborhoods in and around Athens asking residences if they had a swimming pool in an effort to enforce the swimming pool tax. 324 residents admitted to having swimming pools. Recently that same tax agency decided to investigate more and had helicopters plot the skies and count the number of pools. As it turns out there are 16,974 swimming pools in those neighborhoods! [B]Gulp...is that massive corruption or massive resentment toward a government that takes from wage earners to support a mammoth government that provides 1/3 of the nation's jobs? [/B]The motivation to cheat and lie is enhanced by anger and frustration. That could happen anywhere. The rioters were not those people actually paying taxes but people living off those (dwindling) tax receipts. [URL="http://www.wstreet.com/"]Charles Payne[/URL] [/QUOTE]
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