1) Your reply doesn't even make sense...
2) Corps = Corporations ... "The housing industry isn't regulated." You have no idea what you're talking about... You need to do some research before you even attempt to debate with me. You're just dead wrong in that statement... and your attack on Sowell displays your problem perfectly. You aren't interested in the facts, if it doesn't support your own ideals, you immediately discredit it without even reading it! Here's a quick excerpt:
The Community Reinvestment Act of 1977, later given teeth during the Bush and Clinton administrations, forced financial institutions to make risky mortgage loans they otherwise would not have made. President Clinton's Attorney General Janet Reno threatened legal action against lenders whose racial statistics raised her suspicions. Bank loan qualification standards, in general, came under criticism as being too stringent regarding down payments, credit histories, and income. Fannie Mae and Freddie Mac, two government-sponsored enterprises, by lowering their standards for the kinds of mortgage paper they would purchase from banks and other mortgage lenders, gave financial institutions further incentive to make risky loans.
In 2002, the George W. Bush administration urged Congress to enact the American Dream Down Payment Assistance Act, which subsidized down payments of homebuyers whose income was below a certain level. Bush also urged Congress to pass legislation requiring the Federal Housing Administration to make zero-down-payment loans at low-interest rates to low income Americans. Between 2005 and 2007, Fannie Mae and Freddie Mac acquired an estimated trillion-dollar's worth of subprime loans and guaranteed more than $2 trillion worth of mortgages. That, Sowell points out, is larger than the gross domestic product of all but four nations.
There were numerous warnings that went unheeded. In congressional hearings, U.S. Treasury Secretary John Snow said, regarding the risks assumed by Fannie Mae and Freddie Mac, "The concern is, if something unravels, it could cause systemic risk to the whole financial system." Peter J. Wallison, American Enterprise Institute scholar, warned that if Congress did not rein in Fannie Mae and Freddie Mac, "there will be a massive default with huge losses to the taxpayers and systemic effects on the economy."
There were many other warnings of pending collapse but Congress and the White House in their push for politically popular "affordable housing" ignored them. Congressman Barney Frank, who is now chairman of the House Committee on Financial Services, said critics "exaggerate a threat of safety" and "conjure up the possibility of serious financial losses to the Treasury, which I do not see." Chairman Chris Dodd, of the Senate Banking Committee, called Fannie Mae and Freddie Mac "one of the great success stories of all time" and urged "caution" in restricting their activities, out of fear of "doing great damage to what has been one of the great engines of economic success in the last 30 or 40 years."
3) You really believe that? Is that really how we all were before federal taxes? America grew at an astounding rate prior to the turn of the 20th century and continued to thrive when we had 1% federal taxes... it wasn't until the government began "smoothing macroeconomics" via massive taxing that we really started having issues. I could write a book just on this point and your lack of knowledge is quite apparent in this area. Seriously, do some homework first. Start here:
http://www.treas.gov/education/fact-...es/ustax.shtml
4) Ignorance is bliss...
6) What? The vast majority of atmospheric scientists disagree with you... I'd trust them over you any day. You're acknowledging a point but still believing the propaganda?
7) Wow this is the end of this debate, you really have no idea what freedom is, I was correct in my original assumption. Your so called "reality"... is that the part where you ignore all the facts?
8) Again, do your homework, with the Bush administration tax cuts the current cap is 35%, that expires at the end of next year bringing the cap to 39.6%. Once again you're showing a complete disregard for the facts. You're not educated or informed on any area that you're arguing. Here I'll back up my claims, this article is referencing the proposed health care plan:
"The top federal tax rate currently stands at 35 percent, but Democrats have vowed to raise it to 39.6 percent next year, when cuts enacted during the Bush administration expire. Combined with other federal tax adjustments, the surtax could leave most taxpayers with annual incomes more than $350,000 facing top federal rates of at least 45 percent, said Robert Carroll, a senior fellow at the nonprofit Tax Foundation." -The Washington Post
On a final note, I leave you with this quote from James Madison, our fourth president and father of the Constitution of the United States:
"I cannot undertake to lay my finger on that article of the Constitution which granted a right to Congress of expending, on objects of benevolence, the money of their constituents."
And finally, something to illustrate your beliefs and put them into perspective. Your ideals are socialist whether you realize it or not:
Nineteenth-century historian Alexis de Tocqueville once observed, "Democracy and socialism have nothing in common but one word: equality. But notice the difference: while democracy seeks equality in liberty, socialism seeks equality in restraint and servitude."
You would place the country in servitude "for the greater good". Servitude in the form of working X% of the time for someone else, that's what taxes are. It is not the right of the government to redistribute wealth in any form. Man is not _required_ to pay for his fellow man.
James Madison also explained the constitutional limits on federal power in Federalist Paper No. 45: "The powers delegated by the proposed Constitution to the federal government are few and defined . . . [to] be exercised principally on external objects, as war, peace, negotiation, and foreign commerce."
We've strayed a loooooooong way from that concept and the vast majority of straying has happened in the past 80 years... That is why I say you have no concept of what freedom truly is.
Like I stated previously this hasn't just started happening with Obama but he's taking it to a whole new level pushing the government more towards socialism than ever before (with a lot of help from the Democrats [the new socialists]) and now towards Fascism as well. It's a dark time for liberty and freedom in the country and it's sad that most people, like you, don't even realize what's happening.