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Archive for May 1st, 2012

Stephen King: I’m rich, tax me

In an expletive-filled condemnation of America’s tax system, the bestselling novelist, who donates $4m a year to charity, says wealthy Americans have a ‘moral imperative’ to pay higher taxes.

Click here for "Stephen King Says 'I'm rich. Tax me.'"

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There is a simple reason why the federal government gives out plenty of student loans and considerably less grants for people to go to college, and it has nothing to do with educating people.

Citizens of the 99 percent acquire student loans to pay for their education. Our political and business leaders encourage us to this, even as they enact treaties that send US jobs that require college degrees overseas. Meanwhile, the lenders (banks) of student loans sell them to Wall Street investment firms, which then slice and dice the loans. Bonds backed by the loans are then sold to investors. who are almost always members of the one percent. In effect, the government is encouraging citizens to spend a potential lifetime as indentured servants to the one percent via student loans, otherwise they would provide more grants and discourage citizens of the 99 percent from taking out the loans. In other words, student loans are an income redistribution scam.

click here for the student loan scam

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The Lie About Social Security

Social Security is fiscally sound. Nonetheless, members of the one percent continue to misinform the American public on this matter. Social Security has a $2.6 trillion surplus that earns roughly $118 billion in interest since the surplus is invested in U.S. treasury bills. Some of the one percent pretend these are “worthless I.O.U.s, but they know the US government has never failed to pay any part of its debt in its history. They keep repeating the lie.

click here for "The Great Misinformation Campaign About Social Security"

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