Belmont Club

By Richard Fernandez

Bio

Get Updates From Richard Fernandez
A Comment About

Linkage

August 17, 2008 - 5:51 am - by Richard Fernandez
2x4
2008-08-18 17:04:31

mika, are you a US tax payer? No? Hmmm.

1. 85% of federal income or $1.4 trillion goes towards military

Where you got that figure?
Utter rubbish. A lie.

Military spending budget 2007 figures:
3.7% of US GDP (which historically is a low figure)
$463 Billon (includes DoE)

Taxation:
Top 2% of earners (>1 Million atxable income) provide 15% of total tax revenue.

Oil:
Military expenditures have nothing to do with keeping people addicted to oil. So far, oil was the cheapest source of energy and the whole economy runs on it. Those US strawberries, peppers and broccoli that you’ve bought yesterday in your neighborhood superstore were available to you through oil.

Democrats blocked oil drilling in CONUSA/ANWR so far, for long time, but it seems that era is ending and US will be able to replace ME sources with their own oil within 5-10 years (financed by fatcat bankers and fatcat oil mafia). US would be still dependent on Canada (16%) and Mexico (15%) to cover total needed, but that is better than funding Soddy financed jihad.

BTW, Exxon paid in taxes in 1007 about 12 billion more than was their profit. That goes for fatcat oil mafia.

Just FYI, the profit margins in oil biz are extremely slim, oil has one of the lowest profit margins of all commodities. If you want to be a fatcat, oranges (and the final product OJ) are about 4 times more profitable and you’d skip astronomical initial outlay expenditures. There are industries/sectors that are about 10 times more profitable than oil. But a smart conman like Soros, I am sure he beats even that figure hands down.

But something tells me that you really aren’t interested in this info. You divide people on fatcats and ahm, leancats(?), without actually considering how they are linked and how society works together.

Your perspective, overall, seems to be colored by envy.

There are scammers and on men/women, of course, coruption follow mankind like an unseparable shadow, but the corruption in Western Democracies is a fraction of corruption anywhere else. A majority of the people that you call fatcats are hardworking people that work 12 or more hours per day. And die often earlier than a welfare bum, because of the stress from responsibility they have to bear.