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Showing posts with label Debt Free America Act. Show all posts
Showing posts with label Debt Free America Act. Show all posts

Wednesday, September 21, 2011

How Arab-Muslims Fit in a U.S. Capitalist Economy - Not Good

"Neither a Lender nor a Borrower be" - Benjamin Franklin


Forbidden in the Quran: (the holy book of Islam), among them are adultery, gambling, cheating, consuming pork and alcohol, lending or accepting money for interest.

The conflict with the Quran's teachings such as the abstinence of pork, due to health issues of spoiled meat, has been minimized with the advent of refrigeration and preservatives;  both adultery and cheating are still a no-no; and drinking and gambling, excessively, are certainly deleterious to one's physical and financial health, but must be noted that widely accepted American societal tomes have since softened to allow imbibing in both with still those possible dangers.

The Melting Pot - 1908 Play
As they say in the Holy Quran, "Houston, we have a problem!" So, what's the problem with "lending or accepting money for interest"?  Well, the crux of it is the homogenization; or if you will, the mixing or melting together into a harmonious whole with a common culture, an American Amalgam in the crucible, or "melting pot". The term, "melting pot", was made popular by a play during the immigration boom of the early twentieth century. 

During the 1970s, the terms "mosaic" or "salad bowl" were introduced as metaphors by proponents of "multiculturalism", who assert cultural differences are valuable and should be preserved where different cultures mix like a salad bowl, but remain distinct.

Curiously, both "melting pot" and "mosaic" are used as synonymous connotations, each with the same cultural assumptions of our total population mix.  However, the denotation, the specific, literal concept is entirely contrary:
  
  • A "melting pot" is just that, where everything is wholly blended together and yet each component enjoys its individual identity.  
  •  A "mosaic" is a patchwork of pieces, where everything is stitched or stuck together as a whole and yet each component enjoys totally individual autonomy without shared commonality of purpose. 
So what's the Big Deal about being a Melting Pot or a Mosaic? 

It's a big deal if you live in Europe within a "multi-culturalism" society that is suffocating your country's government infrastructure for unemployment relief, welfare programs, health services, housing, food and education.  The liberal government policies of official acquiescence to allowing the migrating hordes into European countries has led to its societal collapse.  Within many mosques, it is to take advantage of the western government largess and run it into the ground, the unfortunate message, "Come on, it's not your country anyway, it's for those who desire to suck until dry at the teat of the infidel's treasury while as mujahideen, Islamic guerrilla fighters, conducting an important religious duty, a struggle or Jihad!"
 
How do you do business without any Interest for Money? 

Benjamin Franklin
It is one thing to heed Benjamin Franklin's well advised tenet to be watchful about one's thrift habits of spending and another when, in today's society, consumer purchases of food, shelter and services on credit are an unavoidable necessity of convenience. Honest and diligently managed credit accounts paid off monthly for the basics such as food, gasoline and small purchases are not the issue here. What is at stake here is the expectation of a higher standard of living  in the United States; after all, "If you can't make it here, you can't make it anywhere", as the New York song goes.
 
Solid financial banking institutions and businesses rely upon consumer confidence.  A society depends upon lending practices that encompass honest basics that include reasonable interest rates along with reliable bankers who can support depositor's needs and borrowers.  All what I described is against the Holy Quran because it requires "lending or accepting money for interest". 

How about "Barter" - a Goat for a Bushel?

How can a free capitalistic society function for the majority to reap and enjoy the rewards of hard work if a growing segment rejects the societal norms for success? Where does one get the capital to start a business, buy a home, purchase a car or pay for an education?  The dreams of so many people are to succeed and raise their standard of living to include a more comfortable life for themselves and their families. How does the Quran help them?  Or do they just become a burden upon the society that they migrate to, do not assimilate into and only propagate hatreds for their infidel caretakers and non-Muslims?

Radical Islam: Britain's huge problem




Run Time: 6:13


Fact:  Of an estimated 2009 world population of 6.8 billion, about 20% or 1.2 to 1.57 billion Muslims populate the world, with 60% in Asia and 20% living in the Middle East and North Africa.  Another 20% live in Western non-Muslim countries and regions like Europe, United States, Australia, Canada, South America, etc.


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~  REMEMBER... 
VOTE 2012!  ~

Wednesday, July 13, 2011

U.S. Bankruptcy Tax Dodge - A Huge Income Tax Bill Hit!

U.S. Bankruptcy Tax Dodge - 
A Huge Taxpayer Hit for Bailout!

Rep Chaka Fattah, D - PA, introduced on 2/23/2010,  a 1% transaction tax.  This is a 1% tax on all transaction at any financial institution, i.e., Banks, Credit Unions, Brokerages, etc. Any deposit you make, or move around within your account, i.e., transfer to, will have a 1% tax charged. If your pay check or your social Security or whatever is direct deposit, 1% tax charged. If you hand carry a check in to deposit, 1% tax charged, If you take cash in to deposit, 1% tax charged. This tax burden is backed and promoted from the same President Obama and Democrat Party who promised that if you make under $250,000 per year, you will not see one penny of new tax. 

Go to the Library of Congress THOMAS website, the source for federal legislative information, and click on Debt Free America Act  and print out and read all 15 pages of this bill which has been given the "Short Title" of "Debt Free America Act." It is the most socialistic thing you will ever read. 

SEC. 4501. IMPOSITION OF TRANSACTION FEE.
 
(a) IN GENERAL.—There is hereby imposed on
every specified transaction a fee in an amount equal to
1 percent of the amount of such transaction
.


(b) SPECIFIED TRANSACTION.—For purposes of
this chapter—IN GENERAL.—The term ‘specified transaction’ means any transaction that uses a payment instrument, including any check, cash, credit card, transfer of stock, bonds, or other financial instrument.


(2) TRANSACTION.—The term ‘transaction’ includes retail and wholesale sales, purchases of intermediate goods, and financial and intangible transactions. (A VAT Tax)*


*Word of the Day:  "Value Added Tax" - Federally Taxed at EVERY level of production, i.e., farmer, wholesaler, broker, grocery store. (Federal taxed 4 times before State & Local taxes is levied) How about 1% VAT Taxes on payments for doctor visits, dental care, auto repair, movie tickets, etc.?

(c) LIABILITY FOR FEE.—Persons become liable for the fee at the moment the person exercises control over a piece of property or service, regardless of the payment method. 

SEC. 25E. CREDIT DURING PERIOD OF TRANSACTION FEE AND INDIVIDUAL INCOME TAX.
(a) IN GENERAL.—In the case of an individual, there shall be allowed as a credit against the tax imposed by this chapter for the taxable year an amount equal to 1 percent of the taxpayer’s adjusted gross income.


(b) PHASEOUT BASED ON ADJUSTED GROSS INCOME.The credit allowed under subsection (Chump Change you can count on) for any taxable year shall be reduced (but not below zero) by an amount which bears the same ratio to the amount of such credit (determined without regard to this subsection) as— (1) the excess (if any) of the taxpayer’s adjusted gross income for such taxable year over Date Nov 24 2008  Feb 24, 2010 •HR 4646
(1) $100,000 individual return ($250,000 in the case of a joint return),1 bears to

(2) $10,000 ($20,000 in the case of a joint return)

YEA! ...The rich individuals making over $100K and joint filers over $250K are so hosed!  

BOO! ...The middle income making under $100K filers also get hosed too! (The Tax Credit doesn't cover all the 1% Tax cost)

 
Proposed Bill:  H.R.4646
  Title:
 Debt Free America Act 

Last Major Action: 2/23/2010, Referred to House committee.
 
Status: Referred to the Committee on Ways and Means, and in addition to the Committees on the Budget, Rules, and Appropriations, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.   

Outcome: Many speculate doubt in its passage since this is a single sponsor bill, but you can never be too sure with Obama lurking and circumnavigating bills and appointees around both houses.

  
 ~CONTACT YOUR CONGRESSMAN~


THIS BILL MUST NEVER SEE


THE LIGHT OF DAY FOR ANY VOTE!


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~  REMEMBER... 
VOTE 2012!  ~