Ron Paul introduces "Tax Free Tip" Legislation

[BBMW]

No. But it opens a wide world of loopholes, and would push the concept of tip driven income to jobs never thought of before.

[DeadMoneyDad]

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No. But it opens a wide world of loopholes, and would push the concept of tip driven income to jobs never thought of before.

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I can see the want ads now.

"CEO wanted, must be willing to work for tips....."


D$D

[surftheiop]

well Ron Paul wants less income to be taxed so this would go right along with what he is trying to accomplish i believe

[kagame]

gold standard could be applied to our money at a much lower rate than it was in the past, making it worth exactly what its worth for gold on the open market, doing nothing but removing the ability for the fed to PRINT money and devalue the currency any further! why does no one understand this?

[Coy_Roy]

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gold standard could be applied to our money at a much lower rate than it was in the past, making it worth exactly what its worth for gold on the open market, doing nothing but removing the ability for the fed to PRINT money and devalue the currency any further! why does no one understand this?

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They don't understand, because they're not even aware that the fed is devaluing the the currency.

[DeadMoneyDad]

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[ QUOTE ]
gold standard could be applied to our money at a much lower rate than it was in the past, making it worth exactly what its worth for gold on the open market, doing nothing but removing the ability for the fed to PRINT money and devalue the currency any further! why does no one understand this?

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They don't understand, because they're not even aware that the fed is devaluing the the currency.




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You seemed to have missed my understanding of economics.

I hope to hell Paul's suggestion that going any where near the gold standard gains wide acceptance, let alone any hearings, if it actually came to pass I'd be happier than anyone I know.

I'm so over loaded in gold related invenstments a small precentage move in gold and I could pay a buy-in to a couple of WSOP type events. A nice move and I could go on a private jet.

I have a good idea of how badly the Fed is devaluing the US currency. Hell I'll go you one further our school system has so devalued this country all I have to decide is which foriegn currency to cash into when I get out of my gold positions. The American people have gotten so lazy and litigious in general that they expect everyone or at least some one to pay for any stupid thing they do to themselves.

I don't think the US is comming fully back any time soon. Well my investments are set up so if it happens in my lifetime I had to make some minor changes.

My kids are on their own. Well they'll get whatever I don't manage to spend and the IRS doesn't get.

Personally my philisophy of proper financal management is based on the dream of the last check I write bouncing.


D$D

[Coy_Roy]

Just so you know DMD, I was referring to they in the general sense and not to you specifically.

[DeadMoneyDad]

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Just so you know DMD, I was referring to they in the general sense and not to you specifically.

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Sorry you hit a nerve.

You're right I over reacted.


D$D

[kagame]

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Personally my philisophy of proper financal management is based on the dream of the last check I write bouncing.
D$D

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Fantastic [img]/images/graemlins/laugh.gif[/img]

[Jimbo]

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gold standard could be applied to our money at a much lower rate than it was in the past, making it worth exactly what its worth for gold on the open market, doing nothing but removing the ability for the fed to PRINT money and devalue the currency any further! why does no one understand this?

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Because it is not accurate. The US dollar will devalue untill our exports begin to exceed out imports. Drilling for more oil in US territory would lead to an immediate increase in the value of the dollar worldwide. The FED has very little influence on the dollar value, increasing M2 only affects inflation but even then interest rates have a much greater impact.

The main culprit in the decline of the dollar if you insist on blaming a single entity should be placed on the IMF. Do a little study on why and get back to me.

Jimbo