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#341
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#342
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#343
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Republicans Eye Return to Gold Standard
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Klaatu (RED)- Fastest Rez Click in Norrath
Klaatu (BLUE) - Eternal 51 Mage Klattu (GREEN) - Baby Cleric | |||
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#346
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You do not need the supply of money to grow at the same rate as the economy... Do you just read talking points from Paul Krugman? This argument has been refuted into irrelevance. If the economy grows faster than the supply of money, goods will become cheaper. You may need smaller denominations of currency, but you don't need a larger supply of money. Finally, let's investigate your claim that if the top 100 companies paid 30% in corporate income taxes, we'd have a balanced budget. The market cap of the top 100 companies totals to $13.3T. We can assume the P/E is between 10 and 15, so let's put it at 13.3 to make it easy. That means these companies have 1 trillion dollars in earnings. Let's assume they currently pay 0 in taxes, which is a bit unlikely, but I'll give it to you. Raising the tax rate to 30% would increase tax revenues by $300B. This is only a small chunk of the $1.1T deficit. The actual tax rate of the largest corporations is about 18.5% right now (see source below), so your increase to 30% would lead to a $115B increase in federal revenue, which is 10% of the deficit. Way to solve the budget deficit buddy. Info on corporate tax rates: http://money.cnn.com/2011/11/03/news...axes/index.htm | |||
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#347
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Hey Lexicali, young doctor. Can you explain to all the overly bright individuals on a gaming forum how putting our money back on the gold standard and backing are dollars with real access could be a detriment to our economy. A lot of the financial problems we have today are because another moron president(like Obama) took us off the gold standard. But just like last night, you will most likely resort to name calling instead of answering my simple question.
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#348
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Oh you just mean Leaders of their gov't ? The populace is what matters. Do you have any sense? | |||
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#349
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#350
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if we double the co2 in the atmosphere the temperature would raise by 0.36F
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![]() In your unfailing love, silence my enemies; destroy all my foes, for I am your servant. Blessed be the LORD my strength, who teaches my hands for war, and my fingers to fight. (Psalms 143:12-144:1) [10:53] <@Amelinda> he grabbed my ass and then i broke his nose. | ||
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