Gov't is not "confiscating" anyone's money. The have's and have more's are going to have to help with a economic emergency, because they are financially able.
Nothing I have read indicates we're in a currency meltdown. Good use of buzzwords. Not working.
that's exactly what taxes are, by definition; a confiscation of earnings!!!
otherwise, i agree 100%, and this is why gov't should not be confiscating their money for political programs and agendas (which only erodes the value of the money and its ability to spur production) and instead should let them know that they are free to invest their money in our economy, suffering the failure of bad investments, but making up for it with the good.
gov't has no right to take money from the productive in order to hand it over to individuals or groups or businesses that cannot get the money on the merits of the business plan or products it wants to produce.
this is just political cronyism and a waste of hard-earned dollars.
your perspective is that the fundamental purpose of our lives is to fund a gov't, and that the gov't has the right to your hard work and the fruits of your labor in order to fund its vast network of programs and bureacracies.
my perspective is the real, constitutional vision of america, which values the individual and protects the individual and the states above what is supposed to be a very limited federal system, for the express purpose of preserving individual liberty and freedom.
finally, you should look at what causes currency collapses from a historical perspective, and then try to figure out how we are well down the well-established path of such an event.
is it inevitable? no. is it becoming increasingly likely? yes. what are the chances? impossible to gauge, but there is unbelievable amounts of cash just sitting out there, and as soon as markets start to rebound well, and as durable goods and capital equipment orders start coming in after a long period of over-extension of current equipment, we will see BIGTIME inflation.
it is hard to guage, but an economic recovery spurring runaway inflation is close to inevitable.
if it hits a critical mass, and if in the interim our monetary base increases (for a host of reasons, including debt, deficit, and calls) then we will have a currency collapse.
obama's plan to increase the debt and deficit to unprecedented levels since WWII is insanity squared!
this is why he intends for it to happen, or rather, doesn't care, in order to bring about an anti, or counter-revolution that increases the federal gov'ts power irrevocably.
only idiots want an uber-powerful fed.