January 2013 Archives

Fiscal Cliff Deal: More Taxes, More Poverty

The establishment media is extending kudos today to vice president Joe Biden for hammering out a deal that supposedly averted the so-called fiscal cliff.

“I want to thank the work that was done by my extraordinary vice president, Joe Biden,” Obama said late Tuesday night.

The Republican Senate boss, Mitch McConnell, went over Democrat majority leader Harry Reid’s head to negotiate with Biden.

“It was the fateful decision that put the Senate and White House on the pathway to the deal eventually approved by the Senate and the House, ending weeks of drama over the fiscal cliff,” the National Journal reports this morning.

But the deal allegedly averting crisis is anything but good news for the American people despite the backslapping on Capitol Hill and the sighs of relief in the corporate media.

In addition to kicking the fiscal can down the road, the so-called compromise finally did away with the illusion that Republicans are opposed to increasing the tax load on millions of Americans.

The Congressional Budget Office reports the deal cuts only $15 billion in spending while increasing tax revenues by $620 billion, what amounts to a 41:1 ratio of tax increases to spending cuts.

The Senate bill allows the so-called payroll tax holiday to expire, which will raise taxes on all Americans who earn an income. Democrats said this is not the case, that taxes will not rise, but the truth is the tax burden on working Americans will go up by at least 2 percent.

The wealth creators and producers — the entrepreneurs, small business owners, and maligned “rich” taxpayers — earning over $400,000 will see their top tax rate increase to 39.6 percent.

In addition, the double tax on dividends and capital gains will increase from 15 percent to 20 percent, thus adding more disincentive for the producers to create wealth that translates into jobs and prosperity for millions of Americans.

The supposed compromise adds incrementally to the long-term goal of impoverishing America and making sure its ability to create wealth is irreparably broken.

Article written by Kurt Nimmo
Infowars.com
January 2, 2013

Collecting Antique Silver Coins

Collecting silver coins is a fun activity and has been very popular because it not only serves as a hobby but as an option to generate income.

1804_dollar_obverseSome of the most popular types of silver coins that are sought by collectors are the antique coins. Antique coins may be bought from auction sales, coin shows, online and offline coin dealers, other collectors, and even in tourist areas that have historical themes. Who knows, you may even turn up a few of these antique coins up in the attic where grandma or grandpa’s things may be stashed away.

Many collectors hesitate to buy antique coins because they can be terribly expensive. What is most important is the uniqueness of these coins and the benefits they provide their collectors. Besides the intrinsic value of these coins, they also provide a fascinating window into the history of the nation. Antique silver coins vary greatly in price depending on the age of the coin, its condition and its rarity.

Here are some tips that may be considered when buying antique silver coins:
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