Posted by tedregentin on November 18, 2012 at 08:01:48 from (216.110.201.79):
In Reply to: Re: Prices off the wall! posted by Traditional Farmer on November 18, 2012 at 05:21:53:
You are absolutely correct. People have their head in the sand if they don't realize that we are going the way of printing fiat money that sooner, rather than later bankrupts a country. One needs to read a little history and study, rather than watching the talking heads. What happened in Germany during the Weimar regime is well documented, and is what is happening in the US right now. The "quantitative easing" will continue and accelerate. The taxing out of existence of the middle class will continue and accelerate also. Recently my business received two notifications that my Federal and state income tax withholding rates are going up the first of the year. By the way, they are also moving up the date that I have to send in the money. It's too bad that people don't realize that businesses don't pay any taxes. It is part of the cost of doing business, and in the end is always paid by the customer.
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