Tuesday, October 21, 2008
Fixing America's Economic Problems
Franklin , Tennessee - BVD was looking over his stock report , , , , again.
Jerry : What's wrong big guy ?
BVD : Ooooooh maaaaaaan , long sigh , Americans are looking to their politicians to fix their economic problems
Jerry : Explain please
BVD : Our elected politicians put this country into the mess it's in today and the country is now looking to them to get it out
Jerry : Well , does'nt that make sense
BVD : Nope , they will just look for more $$$$$ that they somehow over looked
Jerry : Oh well. Hey , was'nt it the Godfather who said , " Crime and Politics are the same thing " ?
BVD : Do you know why the middle class is in such poor condition ?
Jerry : I assume you're gonna tell me
BVD : They live under a system , given to them by their elected officials. The middle class pays more in taxes , they pay more in interest , they even get stuck with higher interest rates. This is how the rich get richer while we pay for it. Would you like a better example ?
Jerry : Well sure , why not
BVD : Let's take a look at Vanderbilt University's retirement fund. You put in a dollar and they match it , right ?
Jerry : That's what they say
BVD : Right , that's right , good , you understand what I'm saying , OK , actually , YOU are matching Vanderbilt's dollar in the stock market.
Jerry : Say what ?
BVD : Look , how many people , in the Vanderbilt retirement fund , have seen their money ?
Jerry : No one of course , you can't take it out
BVD : That's right , damn it man , you're on a roll. OK , are you aware of all of the rules , policies and restrictions on that retirement fund ?
Jerry : Well yeah , I've heard it's the IRS making sure you don't get any of that money without paying taxes
BVD : Nope , GOT CHA ! All of those rules comes from Vanderbilt
Jerry : What ?
BVD : You heard me. Look , Vanderbilt plays the stock market everyday. Moving money here, to there and where ever they please. Vanderbilt has all of the money to do ass they please. By placing all of those rules and restrictions on YOUR money , assures them , that the money is there , for them to play with.
Jerry : I don't understand
BVD : Well of course you don't and no one else does either. Listen , people in the retirement plan , only see a statement telling them how much money they have in their account. No one in the plan ever sees one single dollar , right ?
Jerry : Hm , I'm beginning to see something I don't like. Butt , what about the taxes , Vanderbilt would have a taxing problem , would'nt they ?
BVD : How can they ? Remember , Vanderbilt is a for profit institution with a tax exempt status.
Jerry : How can that be ?
BVD : Well , it does pay to have a business jet handy , to help out some poor Congressman with their travel plans
Jerry : What's wrong big guy ?
BVD : Ooooooh maaaaaaan , long sigh , Americans are looking to their politicians to fix their economic problems
Jerry : Explain please
BVD : Our elected politicians put this country into the mess it's in today and the country is now looking to them to get it out
Jerry : Well , does'nt that make sense
BVD : Nope , they will just look for more $$$$$ that they somehow over looked
Jerry : Oh well. Hey , was'nt it the Godfather who said , " Crime and Politics are the same thing " ?
BVD : Do you know why the middle class is in such poor condition ?
Jerry : I assume you're gonna tell me
BVD : They live under a system , given to them by their elected officials. The middle class pays more in taxes , they pay more in interest , they even get stuck with higher interest rates. This is how the rich get richer while we pay for it. Would you like a better example ?
Jerry : Well sure , why not
BVD : Let's take a look at Vanderbilt University's retirement fund. You put in a dollar and they match it , right ?
Jerry : That's what they say
BVD : Right , that's right , good , you understand what I'm saying , OK , actually , YOU are matching Vanderbilt's dollar in the stock market.
Jerry : Say what ?
BVD : Look , how many people , in the Vanderbilt retirement fund , have seen their money ?
Jerry : No one of course , you can't take it out
BVD : That's right , damn it man , you're on a roll. OK , are you aware of all of the rules , policies and restrictions on that retirement fund ?
Jerry : Well yeah , I've heard it's the IRS making sure you don't get any of that money without paying taxes
BVD : Nope , GOT CHA ! All of those rules comes from Vanderbilt
Jerry : What ?
BVD : You heard me. Look , Vanderbilt plays the stock market everyday. Moving money here, to there and where ever they please. Vanderbilt has all of the money to do ass they please. By placing all of those rules and restrictions on YOUR money , assures them , that the money is there , for them to play with.
Jerry : I don't understand
BVD : Well of course you don't and no one else does either. Listen , people in the retirement plan , only see a statement telling them how much money they have in their account. No one in the plan ever sees one single dollar , right ?
Jerry : Hm , I'm beginning to see something I don't like. Butt , what about the taxes , Vanderbilt would have a taxing problem , would'nt they ?
BVD : How can they ? Remember , Vanderbilt is a for profit institution with a tax exempt status.
Jerry : How can that be ?
BVD : Well , it does pay to have a business jet handy , to help out some poor Congressman with their travel plans
