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Rescooped by Jacaria Stringer from Gold and What Moves it.
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In Four Years the Amount of Money Printed By the Fed Will Exceed the Value of All Gold Ever Mined

In Four Years the Amount of Money Printed By the Fed Will Exceed the Value of All Gold Ever Mined | number 2 | Scoop.it

Most people can't begin to comprehend how much a trillion dollars is.

Try asking someone how much $1,000,000,000,000 (one trillion) is and you are likely to get a blank stare.

 

To put things into perspective, when the government spends one trillion dollars and pays for it with taxes, the government would have to seize the entire wealth of one million millionaires.  Since the government would very soon run out of millionaires, government spending has become largely financed through borrowings and printed money ...


Via Hal
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Rescooped by Jacaria Stringer from anonymous activist
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Americans for Tax Reform : Obama on Obamacare: “We did raise taxes on some things.”

Americans for Tax Reform : Obama on Obamacare: “We did raise taxes on some things.” -Shared from Drudge Report - http://t.co/gkXBALZWLH


Via Iam Legion
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Rescooped by Jacaria Stringer from Palestine
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You won't believe which state taxes its poor the most

You won't believe which state taxes its poor the most | number 2 | Scoop.it
Low overall tax burdens don't necessarily benefit people with the lowest income

Via Ramy Jabbar رامي
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