Peter Schiff: Majority Doesn’t “Have A Right To Steal My Money Just Because They Voted For It”: Peter Schiff is right, as usual. But as usual Schiff will be ignored and the Planner Barons (as Ayn Rand called them) will keep propping up their corrupt system through an ever increasing theft of our property and labor. Right until the very moment that they have spent it all.

{ 6 comments… read them below or add one }

RobertW December 10, 2012 at 1:09 pm

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had to quit listening at 3:35 that kind of cross-talk and clouding, not to mention equating facts to what people think.
Pres. Bush’s fault? again? still? wasn’t the old saw “lack of wmd” recently repudiated?
i don’t know economics, and I keep hearing about this sequestration stuff, and all this stuff about money and value… but really, what value is money? idk.
life is, we deal with it as best we can, and hope we can leave something truly good for our progeny. Tax corruption

poppajoe49 December 11, 2012 at 6:20 am

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Why does Schiff go on MSLSD? It’s not like anyone will hear him, and on the off chance they do, he will be ignored.

sa_rose December 11, 2012 at 10:26 am

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The tax rate is not the issue. The rate could be 95% and with all the deductions and legal hiding places, the tax on that money vanishes, so no more cash goes into the coffers in Washington. Plus many of our Congress people are in the 10% and when was the last time you saw congress vote anything negative onto their plates? Never. Philanthropy would vanish. Some businesses would close, others would never open and jobs will beo]come as scarce as hen’s teeth. How is this helping anyone? I do then everyone should pay a fair share, so close some of the loopholes and actually get some cash at the current rate and we would be ok. Besides income tax is just that; a tax on INCOME. Not the total value of one’s holdings. The peasants want to get at that principal and dont realize they can’t do it with taxes. If you are a billionaire who only got $10,000 this year (after deductions, etc) then you only pay tax on 10,000. Not your entire body of weath. It makes the government salivate to try and get their hands on that money.

moudoka December 11, 2012 at 10:31 am

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I can’t believe the Bush’s fault argument came into play again. Obama has been at the wheel the last four years, and it’s gone from bad, to worse. Now, he thinks stealing money is going to work? You believe ANY of that would go to the people in the middle class? No. Whatever Obama steals from the rich, goes to his pockets.

danybhoy December 11, 2012 at 12:07 pm

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Limbaugh just had a guy call & ask him who inherited the biggest mess. The calller was saying it was Obama, & Rush agreed, telling him that when he is sworn in for his 2nd term, he will inherit a worse situation then he did when he was 1st sworn in.

poppajoe49 December 11, 2012 at 4:04 pm

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LOL!