Financial News

Does 0bama want to pattern our economic system after the social systems of Europe?
Current European tax rates: United Kingdom Income Tax: 50% VAT: 17.5% TOTAL: 67.5% France Income Tax: 40% VAT: 19.6% TOTAL: 59.6% Greece Income Tax: 40% VAT: 25% TOTAL: 65% Spain Income Tax: 45% VAT: 16% TOTAL: 61% Portugal Income Tax: 42% VAT: 20% TOTAL: 62% Sweden Income Tax: 55% VAT: 25% TOTAL: 80% Norway Income Tax: 54.3% VAT: 25% TOTAL: 79.3% Netherlands Income Tax: 52% VAT: 19% TOTAL: 71% Denmark Income Tax: 58% VAT: 25% TOTAL: 83% Finland Income Tax: 53% VAT: 22% TOTAL: 75% If you've started to wonder what the real costs of socialism are going to be, once the full program in these United States hits your wallet, take a look at the table. As you digest these mind-boggling figures, keep in mind that in spite of these astronomical tax rates, these countries are still not financing their social welfare programs exclusively from tax revenues! They are deeply mired in public debt of gargantuan proportions. Greece has reached the point where its debt is so huge it is in imminent danger of defaulting. That is the reason the European economic community has intervened to bail them out. If you're following the financial news, you know Spain and Portugal are right behind Greece . The United States is now heading right down the same path. The VAT tax in the table is the national sales tax that Europeans pay. Stay tuned because that is exactly what you can expect to see the administration proposing after the fall elections. The initial percentage in the United States isn't going to be anywhere near the outrageous numbers you now see in Europe . Guess what, the current outrageous numbers in Europe didn't start out as outrageous either. They started out as minuscule right around the 1% or 2% where they will start out in the United States . Magically however, they ran up over the years to where they are now. Expect the same thing here. It is the notion that with hard work and perseverance, anybody can get ahead economically here. Do you think that can ever happen with tax rates between 60% and 80%? Think again. With the government taking that percentage of your money, your life will be exactly like life in Europe ... You will never be able to buy a home. You will never buy a car. You will never send your children to college. Lets not shuffle the battle cry of the socialists under the rug either. Its always the same cry. Equalize income. Spread the wealth to the poor (whoever they are). Level the economic playing field. Accomplish that and everything will be rosy. Its time to take a really hard look at reality. Greece is a perfect example. Despite the socialism system that has ruled this country for decades, with a 65% tax rate, they are drowning in public debt, would have defaulted without hundreds of billions in bailout money, and still. . ..20% of their population lives in poverty. What has all that socialism money bought, besides ultimate power for the politicians running the show? Do you think these people are "free"? They're not. They are slaves to their economic "system." Instead of spreading the wealth around, spread this around. It's time for people to wake up, or this could very well happen to the good ol' USA. None of the European experts are commenting on the conditions in Spain, Greece and elsewhere; the bailouts by the EU, the mess most economies are in. Comment on the UK's crappy health care system. Comment on the riots in France because the giveaways have finally caught up with them. Knowing many Europeans, who live under the birth to death care of the Government, it works only when nearly all the people work. For Finland, your system was working until you brought in 100,000 of you know who, and allowed them to bring all their extended family, and then everyone stopped working and went on the dole! And if you only paid 9.% in taxes, you didn't make any money, or buy anything that the average person in the USA usually does on a yearly basis. And as far as standard of living. The tiny little living spaces they call apartments in most of Europe aren't much bigger than the closet space in an average Orange County house in the USA. Edit: and of course I'm directing this at those of us who have made something of our lives. Not the generational welfare folks who work the system so well, pay no tax, drain the economy dry and generally dumb the whole culture down. OF COURSE THOSE FOLKS WANT 0bama and his giveaway programs, and let the workers pay for them.

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Who are they kidding? A financial news analyst was explaining the new bailout for troubled...?
...homeowners. There are so many rules about who qualifies and who doesn't that my head was spinning at the end of the program. Let the government hand over more money to the financial institutions who currently have a stranglehold on the first bailout money. Smart right? Then homeowner A who is behind a few payments gets help while homeowner B who may be in preforeclosure or going through foreclosure can just forget about being rescued from the streets. The most at risk number of homes is more than likely belonging to homeowners like homeowner B. Let's also punish the unscrupulous home buyers who purchased homes which were way out of their means. It's their fault after all, right? Not as far as I'm concerned. Lenders should be tarred and feathered for being so greedy by not following formerly strict lending guidelines. Throwing more money at the foreclosure wildfire is like trying to put out a grease fire with a glass of water. We're going to be burning for a long time. What do you think?

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Best language to write a program that scrapes information from the web?
I want to write a program that can analyze articles from yahoo finance, other financial news aggregation sites, twitter, and the like. It has to be able to read the information, organize it in an easily computable format, and draw conclusions based on set parameters. I know very little programming, and would like to learn as i go. What would the best language to use be?

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Jim Rogers - Finance News Network Interview - December 22, 2011

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