Key test looms for Stockton, California, bankruptcy bid

Comments (3)
bobber1956 wrote:

So how is amnesty for illegal aliens working out for you?

Feb 25, 2013 10:00am EST  --  Report as abuse
morbas wrote:

Not Stockton’s Fault,
The federal budget is $3.8 trillion. Federal plus state plus municipality is greater than $8.06 trillion. The sum total of all personal income is $12.98 trillion. Thus, the governments are operating at 62 percent of total personal income.
With a centralized banking system, the federal government can print more money than collected in revenue; states and municipalities cannot. Taxation at state and municipal levels is less progressive than federal, which burdens the lowest income levels with the highest effective rate; and the upper 2 percent with the lowest effective rate. Thus, municipalities borrow more in a recession, as the lower quintile’ wages are more diminished. We have cities falling into bankruptcy.
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Honorable Senator/Representative,
Stop Sequestration.
This is a mandate for a Federal income tax system that funds Federal, Health (Obama-Care and Medicare) and Social security. One Margin level will yield the necessary revenue: %0-$20k 0% tax rate, $20k upwards 35% flat rate, income bundled and taxed in summation form, couples freely share, no business tax and no exemptions. The Federal Reserve sets the rates, mandated to maintaining monetary value and supply.

Thank you for your immediate attention,
Your constituent [Zip Code]

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long term solution,
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Honorable Senator/Representative,
This is a mandate to: Nationalized income tax system that funds Federal, State and Municipalities $8.1 Trillion expenditures. A margin tax at two levels will yield the necessary revenue. %0-$20k 0% tax rate, $20k to $200K 35% tax rate, above $200K 91% tax rate. Remember the 1960 top rate was 91.5% at $400k, this effective rate is 66.6% at $500k, 31.5% at$200k; less than the 2011 single standard at under $200K. This change would require a constitutional amendment.

Thank you for your immediate attention,
Your constituent [Zip Code]
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Feb 25, 2013 10:41am EST  --  Report as abuse
eatingdogfood wrote:

Isn’t It Time For The Abused Taxpayers Of California To Leave In Masses In Order To End This Unholy Conspiracy Between The Totally Corrupt Democrats And The Equally Corrupt Public Service Unions? It Is Really The Only Way To Finally End This Criminal Activity! Did Anybody Ever Hear Of RICO?

Feb 26, 2013 1:26pm EST  --  Report as abuse
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