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By Martin L. Gross
The recent York occasions bestselling writer of the govt Racket is again with a scathing indictment of presidency waste. the govt of the USA is a juggernaut of mismanagement, malfeasance and incompetence. regardless of the powerful beginning laid down via the founding fathers, it truly is headed to extinction. From the choice minimal Tax to Zip Codes, ny instances bestselling writer Martin L. Gross outlines the courses that experience exploded financially, the legislation that had thoroughly accidental results, and the scams perpetrated via legislators motive upon closing in place of work it doesn't matter what the fee to the nation?and its voters.
Read or Download National Suicide: How Washington Is Destroying the American Dream from A to Z PDF
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Extra info for National Suicide: How Washington Is Destroying the American Dream from A to Z
Example text
Not only is the era of big and growing government alive, but it is comfortable and jealously protected by both political parties. Today that government, which is living and expanding on more borrowed money, has in fact a stronger, more overwhelming, more frightening destiny than ever before. America has adopted a spending pattern similar to that of a spoiled profligate child of a wealthy man who looks to his parents to even out his accounts. But in the case of the federal government, there is no parent to look to, and our wealth is not only suspect, but dissipating with every passing day.
Long-term capital gains is another tax that the middle class, which includes the bulk of the 100 million investors, needs to have adjusted. Recently it was raised to 20% from 15%, a one third increase. 5%, or even to zero, for 1 year. Through their various retirement funds, 401(k)s, and IRAs, many working Americans have lost around half of their liquid wealth, money saved over decades, even a full generation. To stimulate the stock market so that the lost money can eventually return requires a low capital gains tax, the mȳtier for market progress.
S. Congress. They must master the political lingua franca to become elected, but most know little about governing, either before or even after their spell in national office. In Congress, they seem acquainted only with the narrow work of their subcommittees and fail to understand the cumulative impact of operating legislation going back a generation or two, legislation that affects, and often cripples, the fiscal health and future of our government. I discovered this political propensity for ignorance firsthand.