money matters

I guess it pays to be president of the U.S. I see where bill Clinton made nearly six million making speaches in 2008, He is getting anywhere up to 525thousand per speach.Thats an income equal to the combined income of 120 working people if they were making 50000.00 each.Just to put these big money people in prospective .For example John Thain CEO of merrill Lynch took compensation from the company of 83 million. That would be equaal to the income of 120working people maing 50000.00 each.besides he managed the company so well that it lost 27 billion dollars That would be A loss of $50000.00 for each of 54000 stock holders.Thenbefore he turned the company over to the Bank of america he paid out over three billion in year end bonnuses. That would also be A loss to the stock holders. The government has allready paid forty five billion to bail out Bank of America and agreed to pick up another 97 billion in losses if needed . now we have A new stimulus package passed by congress of 819 billion .That amounts to 5000.for each of 163 million800000 families. this is money we mostly do not have. there is apt to be A day of reconing when we have to pay all this money back.I dont believe reducing taxes is going to get this money back. We have to tax these individuals that are taking millions out of the econamy every day.We have to get this country back on A paying basis and take care of the national debt or the prblems we are having now will look like A honeymoon compared to what we will be having in the future, my opinion by John Zilverberg

government spending

The government ( that is us ) is spending A lot of money trying to cure this depression that we are in,That has been caused by A lot of greedy people. For one thing the working people most of which are controled by the unions could have taken an accrost the board A cut in wages, enough to bail out the companies, Then the companies could stay in busines and everybody could keep their jobs,Its as simple as that. We could sell our goods cheaper and that would help everybody.Also we would be more competitive in the world markets, That would keep more of our jobs in the U. S. All those companyC. E,Os. or managers that are taking millions in compensation out of these companies at the expense of the general public and running the companies into bankrupsy It dosnt take A smart person to run A company into bankrupsy ,Any dumbel could do that. Its A crime what they are doing and they should be in jail.Any manager of A company that is not making A profit should be getting A minimum wage if anything .we need A change in this country . With our present programs we are creating A class of multi millionairs and billionairs at the expense of the general public. The big money people are running this country and they are running it right into the ground causing A lot of hardship for A lot of people.

president leaves office

President Bush is leaving office as an unpopular president Some say A bad president which I dont think he deserves,,He did not play politics he did what he thought was best for the country. He is getting the blame for everything that went wrong most of which was not his fault. For one thing he asked the democratic congres several times to create A committe to oversee the big financial institutions that are mostly responsible for the mess we are in now but nothing was ever done about it. The public was also partly to blame . To many people spending to much money they did not have. The auto companies building to many high priced cars that the dealers could not sell, Now we are spending A lot of money to bail out the auto companies so they can keep on building those high priced cars till that money is gone then they will be in the same trouble as they were before . Our trouble is the country is not on A paying basis.No person or country can continualy spend more money then they have income and exist in the long haul.We have A small percent of the people in this country making to much money at the expence of the general public. We need to increase our top tax bracket so as to get some of that ecsess money back into circilation where it will balance our budget and help the general public.When A ball player signns A contract for 41 million or A C O takes A 100 million income out of the company he is managing the general public has to pay for it in the long run. my opinion by John Zilverberg

the rip off

It makes me mad and it should make every one else mad that is being ripped off by the execatives of some of these big companies that they managed into bankrupsy.At the expense of the general public.Some of wich are being bailed out by the government (that is us) but we are not having anything to say about how they are using the money.For examlle Lloyd Blankfien C E. O.of Goldman Sachs had 2007 compensation of 54 milllion and John Yahain C.E.O, of merrill Lynch that he managed so that it lost 11 billion and had to sell out to Bank of america had compensation of 83 million and now is asking for A bonus of 10 million. If we cant stop these people from legaly robbing us we at least should have A tax system that would get some of that money back to the government to pay off the national debt ,Run the government and return to the states to pay for work to benefit the general public.If we were to raise the present tax system one percent for every 100 thousand dollars after the first 250 thousand up tp 90 percent on individual incomes that would get the job done and still leave the muti millionairs and billionairs with plenty of money for whatever they wanted to use it for.That would reduce the taxes for the general public and put the country on A sound financial bnasis. My opinion by John Zilverberg

A new president

we will soon have A new president and he has big plans to fix our economy.He is doing it by spending Alot of money that he evidently thinks we dont need (and dont have).I think part of his plan is O K. That is the part that creates jobs.But giving everybody A big tax break is A big mistake.He is helping the people that have jobs.The people that need the help are the ones that dont have jobs. If you dont have A job and no money to pay taxes with what good is A tax cut going to do you. he could do A lot more good with all that money by freezing all forclosures for two years and guaranteeing the interest payments on homes and small businesseswhere the owners couldnt pay the interest take A lien on the property. That way the financial companies would be getting the interest payments ,That should bail them out.The businesses could stay in bussines and that would create more jobs. The home owners could keep their homes. That way we wouldnt be putting people out on the streets and in homless shelters.It also should help the housing industry and give us two years to get the economy back on track. A tax break for businesses would be O K because businesses create jobs. we should be raising the taxes on the individuals that are taking the big profits out of the companies. My opinion By John Zilverberg. .

Depression Cure

The fastest way to cure our present depression:
First, freeze all foreclosures on homes and small businesses for two years and guarantee the interest. Take a government lien on the property where the owners could not pay the interest. That way the financial institutions would get the interest money. That should bail them out and the home owners and small businesses could keep their property.
Next, the auto workers and the workers of the companies that supply the auto companies should take a cut in salaries that includes the top management.
That should bail out the auto companies and the workers could all keep their jobs. At the present we are priced out of the world markets. Most of the goods we buy these days are made in foreign countries. That is where our jobs are going. Next we should raise the income tax on private individuals that make over 250 thousand one percent for every one hundred thousand dollars after the first 250 thousand. Don't raise the taxes on businesses. If we tax businesses out of business we put people out of jobs. We need to tax the individuals that are taking the big profits out of the companies at the expense of the general public. With that kind of tax system we would have enough money to pay off the national debt, take care of all government expenses including medicare and all our other problems. That would lower the taxes needed from the general public.

My opinion by John Zilverberg

What's the Trouble with this Country?

For one thing we are not physically responsible. We are running the country like an irresponsible kid with a credit card that is running up a lot of debt that he cannot pay. We have too many people in the country with too much money that they are making at the expense of the general public and too many rich people in Washington making the laws to benefit themselves and their rich friends that are furnishing them the money to buy themselves into office.

If we were to increase the income tax on private individuals that make over $200,000 a year from 1% for every $100,000 after the first $250,000 up to 90% we could balance the budget, pay all government expenses, take care of our social security obligations and have universal health care and have money to give back to the states to build roads, hospitals, schools and anything else that would benefit the general public.

Don't fall for the gimmick of eliminating the IRS and having a national flat sales tax of 20%. That would give the multi millionaires even more benefits than they are getting now. For example someone that is working for a living wage would have to spend all his money to make a living, so he would pay taxes on all his income while the guy who is making 100 million would probably only spend one million on taxable expense so he would be paying taxes on only 1% of his income.

At the above suggested tax rate a person making 15 million a year would have approximately 7 million left after taxes. He could spend one million and still have 6 million left to save or do with whatever he desired. That should be enough for anybody and the country and everybody would benefit because the grant money would create more jobs so more people would be paying taxes.

My Opinion by John Zilverberg