What should the American Taxpayer do to recoup and recover from the Automotive and other Bailouts ?
Pay off all your debts, including credit cards and accrue no more. Give of your time to others less fortunate than you and begin to practice whenever possible the barter system.
Be willing to no longer play the credit game, plant a garden and try to feed yourselves, through barter and giving.
Interestingly, there is a great book I read last night on this subject entitled: " The New American Tea Party" The book details the many bailouts, handouts, reckless spending, and tax issues. No one knows for sure exactly what to do as individuals against big government, but somebody should at least be interested in the failures that our US government makes!
You need to vote for anyone other than Obama and I mean someone that will replace Obama. Until there are changes in tax and economic policies there is not a great deal one can do. But then that assertion is predicated on the individuals resources. If Obama's current corporate tax "reduction" scheme will actually increase tax rates, such as increasing capital gains rates to over 40% from 15% predicated on some misguided illusion that only rich people receive dividends and capital gains.
Most people have retirement and investment accounts. And average retired people depend on dividends to supplement social security. So until we have political stability Americans and the world, will continue to experience economic instability and future uncertainty.
The American tax payer can't completely recoup what was lost bailing out losers. Whether it saved us from a tragic economic collapse or not, the corporate/government complex set up the conundrum. The middle class tax payer will pay for the bailouts and their quality of life will suffer for decades to come. These loser companies that were saved by their crony friends will weigh down this country for years.
My advice would be for the American tax payer to move into the future where creativity and entrepreneurship will rule. Ensuring that you are not dependent on any one factor that is out of your control for your livelihood and security will also provide some peace of mind.
by ThePeeDeeWildcat 13 years ago
The American taxpayer is going broke; therefore, where do you recommend that federal, state and...local governments cut spending first?
by Readmikenow 5 years ago
Members of the caravan in Mexico are demanding the United States pay each of them $50,000 for them to go back to their home. This is from the San Diego Tribune."Two groups of Central American migrants made separate marches on the U.S. Consulate in Tijuana Tuesday, demanding that they be...
by chaixkee 13 years ago
Is there really an economic crisis?
by Gary Anderson 15 years ago
While I support Obama's foreign policy, I hate the scam of Summers and Geithner, which will allow a huge transfer of wealth from the taxpayer to the banks. This is the biggest rip off of the American taxpayer in history. Here is the link and video:http://finance.yahoo.com/tech-ticker/ar …...
by EPman 13 years ago
Tell me, oh wise opponents of the tax cuts, why is letting rich people keep what they earn detrimental to the "greater good", but printing and putting billions of dollars in the hands of these uber-greedsters FOR the "greater good"? -- especially when these people lost money in...
by ga anderson 8 years ago
You work hard to build a fortune that you can pass on to your kids, or otherwise distribute however you desire on your passing. It is your money. Shouldn't you be able to do whatever you want with it, within our legal boundaries of course?What business does the government have taxing your estate...
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