Media reports in recent weeks say that Senate Democrats are considering a 3% surtax on income over $1 million to raise federal revenues. This would come on top of the higher income tax rates that President Obama has already proposed through the cancellation of the Bush era tax-rate reductions.

If the Democrats’ millionaire surtax were to happen—and were added to other tax increases already enacted last year and other leading tax hike ideas on the table this year—this could leave the U.S. with a combined federal and state top tax rate on earnings of 62%. That’s more than double the highest federal marginal rate of 28% when President Reagan left office in 1989. Welcome back to the 1970s.

Here’s the math behind that depressing calculation. Today’s top federal income tax rate is 35%. Almost all Democrats in Washington want to repeal the Bush tax cuts on those who make more than $250,000 and phase out certain deductions, so the effective income tax rate would rise to about 41.5%. The 3% millionaire surtax raises that rate to 44.5%.

• Plus this one…
  TEEN GANGS UNLEASHED ON BOSTON BEACH

   

There are a whole host of events that can bring the world as we know it today to its knees. From a hyperinflationary economic collapse to an electro magnetic pulse originating from the sun or a nuclear weapon , there exists a real and present danger that our system may, in the near future, experience unrecoverable shocks to the power grid and clean water infrastructure, a halt to just-in-time agricultural transportation systems and a collapse of the currency exchange mechanisms that make the economy function.

US Representative Roscoe Bartlett (R-MD), lived through the great depression, so he’s seen how bad things can get. In a new documentary, Mr. Bartlett and others discuss the dangers posed to those living in cities and ways that your family can survive if the worst were to ever happen.

Roscoe Bartlett:

We could have events in the future where the power grid will go down and it’s not, in any reasonable time, coming back up. For instance, if when the power grid went down some of our large transformers were destroyed, damaged beyond use, we don’t make any of those in this country. They’re made overseas and you order one and 18 months to two years later they will deliver it. Our power grid is very vulnerable. It’s very much on edge. Our military knows that.

…

There are a number of events that could create a situation in the cities where civil unrest would be a very high probability. And, I think that those who can, and those who understand, need to take advantage of the opportunity when these winds of strife are not blowing to move their families out of the city.

Source: Urban Danger Movie

We realize that for most people this may be decried as fear-mongering and crazy survival talk. We can’t help but point out, however, that it’s not just Representative Roscoe Bartlett, economist Marc Faber, and trend forecaster Gerald Celente that are recommending you prepare and head for rural areas. The US Pentagon and Military are very much aware of these possibilities and they’re preparing for exactly the scenarios described in this documentary.

The threat is out there, and just because it hasn’t happened in our modern-day society up until now doesn’t mean it won’t happen in the future. In fact, it has happened through history – strife, poverty, depression, economic collapse, war. You name it and somebody in history has lived it. The government spends hundreds of billions of dollars on emergency preparedness, disaster planning, continuity of government and war gaming these scenarios. There’s a reason for that. We recommend our readers take a queue from them and others who are warning of these outlier possibilities.

For a taste of what’s in the movie you can view the first 20 minutes of Urban Danger below:

View the entire documentary (for FREE) at the Urban Danger web site.
(Also available on DVD)

Author: Mac Slavo
Date: May 27th, 2011
Website: www.SHTFplan.com

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