I actually agree that the ultra rich should pay more in taxes, and do agree with Buffett that the line should be drawn somewhere around the $1 million mark, not the $250K mark as others would suggest. One tax analyst I was watching said that this would raise something like $50 billion in the first year… but that is supposing that all of the people who make $1M decide to stay in the country. I imagine at least some would leave the country. Let’s say they don’t, and the gov raises an extra $50B… so what. That’s a drop in the bucket compared to the… what $12+ trillion of debt?

It’s silly to figure out what the government is spending, and then just try to raise that much money. That presupposes that everything the government spends money on is worthwhile… including war, the “vanishing 25 billion,” TSA, etc. What if the government decided to provide computers for all of us… that’s obviously not the role of government, but should we just raise taxes to meet that demand, or should we actually question what the government spends money on?

The end issue is philanthropy. They tell us that taxes feed the hungry and educate small children and every other fluffy thing they can think of. The reality is that most of the income tax goes to pay the interest on our debt to the federal reserve… so it goes to the bankers. State property taxes pay for schools, and capital gains taxes pay for defense. Federal money does not cover local roads, etc.

At the end of the day, I’d like to see money going to the disadvantaged, not lining the pockets of bankers and politicians, or funding wars and corrupt governments of other countries. What I’d like to see here is some REAL incentives to give to charities. Now, you get a tax deduction that is so small, it’s hardly worth declaring unless you are ultra rich in the first place, and donated tons of money. If in place of a deduction, I could outright REPLACE my taxes (or some percentage thereof) with charitable gifts, I’d make a freaking HOBBY out of charity. In other words, if I could pay 30% in taxes, or pay 10% in taxes and give 20% to give to the charity of my choice, I’d much rather give to charity directly. This also cuts the fat out of the middle man so that the people in need get a higher percentage of my gifts. I don’t have to pay someone to give someone else my money. I’d also feel like I was actually making a difference as opposed to throwing money into the black hole of government.

Another idea is the “opt out” idea. I’d like it if there was an option to pay 10% – 15% federal income tax, and then opt out of some of what the federal government provides. Opt out of social security (because let’s face it, we won’t get it anyway), opt out of medicare and medicade and save/invest/ get our own insurance. Then if the people who believe in the system decide to pay 30%-50% in taxes, more power to them.

I digress.

As it relates to this article, I think Buffett sort of implies in on sentence in the middle that higher taxes means more jobs… which is obviously silly. Even if the government could create jobs, we have no indication that the jobs they decide to create are worthwhile. One of my favorite economists Milton Friedman was in China and some of the government officials were showing him around. They went by a construction site, and there were hundreds if not thousands of Chinese citizens digging a foundation. He asked why they were not using modern machinery – that would make their task much more efficient. The government officials that he was with said “that’s true, but this is a jobs program.” He replied, “I see. Well, if you wanted to create more jobs, you could take away their shovels and give them spoons.” Having jobs for the sake of having jobs is as silly for taxing just for the sake of taxing. The market leads people to make good decisions on how to spend their money carefully. Central economic planners are wasteful because they can’t be as precise as lots of collective individuals.

I’m also wondering how long it takes to raise the taxes for the rich… it seems as though Obama has been in office for a while, and enjoyed a democratic house and senate for the first two years of his term… is it naive of me to think he could have done this? I think not; I think it’s naive for anyone to still believe there is any difference at all in these two parties.

P.S. the Super Committee is ridiculous. No constitutional authority, and small groups are very susceptible to corruption.

http://economix.blogs.nytimes.com/2011/08/15/who-pays-the-supercommittee/

Thanks for asking for my opinion 馃檪 Sorry you actually got it.

In WWII, Japan’s highest ranking naval officer was Isoruku Yamamoto.

Although he was Japanese, and his loyalties were unquestionably with The Empire, he studied for many years in America, graduating from Harvard University. There is an oft-repeated (and sometimes disputed) quote attributed to him regarding the possibility of any nation taking a ground to American soil:

“You cannot invade the mainland United States. There would be a rifle behind every blade of grass.”

Here is why he was correct:

America’s Hunters. . .The World’s Largest Army.

The state of Wisconsin has gone an entire deer hunting season without someone getting killed. That’s great, considering there were over 600,000 hunters
that
got permits this year.

Allow me to restate that number:

Over the last two months, the eighth largest army in the world. More men under arms than Iran,more than France and Germany combined. . .deployed to the woods of a single American state to keep the deer population under control.

But that pales in comparison to the 750,000 who are in the woods of Pennsylvania this week. Michigan’s 700,000 hunters have now returned home. Toss in a quarter million hunters in West Virginia and it is literally the case that the hunters of those four states alone would comprise the largest army in the world.

And that is just FOUR states.

The total population of registered hunters in America today ranges from 23 million to 43.7 million individuals. (Based on annual data provided by the U.S. Fish and Wildlife Service.) As long as the American Hunter retains his right to bear arms, America will forever be safe from foreign invasion of troops.

Hunting: It’s not just a way to fill the freezer, it’s a matter of National
Security.

http://chooseliberty.org/bannerbombn.aspx?pid=bb4

More Corporatism…

February 13, 2010

We have not had capitalism for at least 30 years in this country. 聽Here’s another example of how corporatism works in this country.

-fr

A friend asked me what I thought of the SOTU Address… here is what I sent him:

-first response

_____________________

False Recovery:

If you walk into a building and there is a crack on the wall, it’s responsible to patch it up.聽 Government (Bush, Obama, everyone for the last 40 years) has not fixted the crack in our economy, rather they put some paint on it.聽 Unfortunately the people won’t wake up to this until our dollar collapses and our economy bubble bursts again.聽 That is what Keynesian economics does, and that is what we have had in America for at least 4 decades.聽 We are just printing money, utilizing deficit financing, and we’re not allowing the market to adjust.聽 We’re not allowing the debt to liquidate which is what is supposed to happen in a correction.聽 Nobody in government want’s everything to fall apart on their watch, so they just patch things up enough to get to the next president.聽 It’s corrupt, and we ultimately pay the price.

Each job Obama said he created cost the taxpayers over $80K… for that kind of money he could have paid twice as many people to sit on their butts at home… then he could say he created TWICE as many jobs!聽 Even though they are jobs that we don’t need and are silly political games.

SOTU Fact Check: Obama Lies About Lobbyists
http://townhall.com/blog/g/6d127822-9bc5-4872-8648-dcadf09c6445

Obama won’t freeze budget:

I don’t like McCain, but HE proposed the budget freeze long ago… Obama is jumping on the bandwagon?

Obama lies about taxes:
Fact checks are being calculated as we speak so more will come on this.聽 However, when you inflate the currency like he and Bush did, you don’t have to tax.聽 You don’t take any money from the people… you just take it’s worth so it’s a tax you can hide.聽 No matter if he literally taxed more or not (which I am sure it will turn out that he did) he indirectly taxed us through evil inflation that is yet to catch up with us.

::BLOGS that I agree with on this topic::
http://maroonedinmarin.blogspot.com/2010/01/state-of-obamas-union-lies-arrogance-on.html
http://news-political.com/2010/01/28/what-was-your-favorite-lie-from-the-state-of-the-union-address/

…other than tha the just told the same lies he told to get elected.聽 I’ll bring the troops home, I’ll cut taxes, I’ll do health care reform (presumably not making it worse), etc.聽 He used it as a big PR move… didn’t tell the truth.聽 Funny that he is now ready to Drill (a conservative idea that he was opposed to at first) go necular (a conservative idea that he was opposed to at first)… there were a few more things that I’m sure the partisin (D)’s will love to hear that they only now like because he is saying it.聽 No loyalty to truth or what thing is best… just whatever the puppet president says.聽 The republicans did this with Bush too.聽 It’s amazing how partisin politics play the people like a flute.聽 It’s like nobody things for themselves.聽 McCain says freeze the budget, republicans say YES and democrats say NO.聽 Then Obama says freeze the budget… republicans say NO and democrats say YES.聽 Bunch of cowards is what everyone is.

You want to hear the real news?聽 Download and listen to this on your way to work:

-first response

here you go –

http://www.truthnews.us/?p=3552

-fr

Sent to me from Grassfire Nation::

___________________________________

From the Desk of: Steve Elliott, Grassfire Nation They are doing it again… Reid and Pelosi are holding secret, backroom meetings to put the final touches on ObamaCare. I’m done with government working in the shadows, away from public scrutiny. See below. –Steve David, We’ve just received word that congressional leadership will not hold formal Conference meetings to resolve the difference between the House and Senate ObamaCare bills.

They hatched the plan yesterday during a meeting with Obama’s team at the White House. As a result, only a select few will work on the final ObamaCare legislation — out of public view, free of traditional governing rules, and without a single Republican! And efforts to open these meetings up to the public have been rebuffed. House Speaker Nancy Pelosi responded to a C-SPAN request to televise the reconciliation process by saying, “There has never been a more open process for any legislation,” and hinted that keeping the public at bay is the best way to push the legislation through. “We will do whatever is necessary to pass the bill,” Pelosi concluded.

With public opposition to ObamaCare continuing to build, Reid and Pelosi are determined to use whatever political shenanigans they can to pass this bill as quickly as possible. david, this is utterly despicable. As an American who dearly loves my country, I cannot stand for this kind of arrogant disregard for our rules and regulations. These hearings must be brought to light — in full view of the public and following the normal House-Senate procedures. And we have to be the ones to demand as much! + + Their Goal: Keep Us In The Dark And Rush Passage! david, it’s no secret that Reid, Pelosi and their ilk are determined to pass ObamaCare in time for the President’s State of the Union Address. That’s just a few weeks away.

That is why we have to diligently use the time that remains to put the ENTIRE Congress on notice demanding these secret meetings be brought to light. + + Fax and Phone Blast to Bring ObamaCare to the Light My staff has identified the key members of Congress that need to hear from you. Each one needs to be told repeatedly that the American people don’t like secrets, and won’t stand for more murky and sleazy backroom dealings. I believe tens of thousands of faxes demanding transparency will cause many to reconsider their actions. Just give me permission to send faxes on your behalf to your two California Senators and Representative and key members of Congress (including the Blue Dog Democrats and those most vulnerable in their re-election efforts) and we can begin putting these lawmakers on notice!

Click here now: http://www.grassfire.net/r.asp?U=23951&CID=122&RID=23227410 If you prefer to send faxes on your own we’ve done all the work for you. Simply click here to download targets and letters now: http://www.grassfire.net/r.asp?U=23952&CID=122&RID=23227410 After scheduling your faxes, pick up your phone and call your lawmakers every day demanding the ObamaCare merger meetings be brought into full public view. Urge them to champion the people by opposing ObamaCare, and finally put them on notice that support of these backroom meetings and the ObamaCare bill may cost them their jobs!

Again, we have just a few weeks to take our best action opposing ObamaCare and the sweeping changes that would affect EVERY American.

Click below and take immediate action with me today: http://www.grassfire.net/r.asp?U=23954&CID=122&RID=23227410 Thanks in advance for taking action with Grassfire Nation. Steve Elliott Grassfire Nation P.S. After scheduling your faxes, forward this message to your friends and family, urge them to get involved by clicking below and signing our petition opposing ObamaCare: http://www.grassfire.net/r.asp?u=23957&PID=23227410 + + + + + + + + + + + + + + + + + (Note: Please do not “reply” directly to this e-mail message. This e-mail address is not designed to receive your personal messages.

To contact Grassfire Nation with comments, questions or to change your status, see link at the end.) + + + + + Grassfire Nation is a million-strong network of grassroots conservatives that is dedicated to equipping you with the tools that give you a real impact on the key issues of our day. Copyright 2009 Grassroots Action, Inc. + + Comments? Questions? http://www.grassfire.net/r.asp?U=23955&CID=122&RID=23227410 + + Technical questions only: For technical questions regarding this email, go here: (Not for comments/feedback on this update) http://www.grassfire.net/r.asp?U=23956&CID=122&RID=23227410 + + + + +

Cry for Me, Argentina!

January 4, 2010

**another chain letter I received:

_______________________________________

In the early 20th century, Argentina was one of the richest countries in the world. While Great Britain ‘s maritime power and its far-flung empire had propelled it to a dominant position among the world’s industrialized nations, only the United States challenged Argentina for the position of the world’s second-most powerful economy.

It was blessed with abundant agriculture, vast swaths of rich farmland laced with navigable rivers and an accessible port system. Its level of industrialization was higher than many European countries: railroads, automobiles and telephones were commonplace.

In 1916, a new president was elected. Hip贸lito Irigoyen had formed a party called The Radicals under the banner of “fundamental change” with an appeal to the middle class. (“Fundamental change”… now where have I heard that recently?)

Among Irigoyen’s changes: mandatory pension insurance, mandatory health insurance, and support for low-income housing construction to stimulate the economy. Put simply, the state assumed economic control of a vast swath of the country’s operations and began assessing new payroll taxes to fund its efforts. (Beginning to sound more familiar?)

With an increasing flow of funds into these entitlement programs, the government’s payouts soon became overly generous. Before long its outlays surpassed the value of the taxpayers’ contributions. Put simply, it quickly became under-funded, much like our Social Security and Medicare programs. (As will our Health Care and other programs!)

The death knell for the Argentine economy, however, came with the election of Juan Per贸n. Per贸n had a fascist and corporatist upbringing; he and his charismatic wife aimed their populist rhetoric at the nation’s rich. (Sounds more and more like our current death march into total collapse!)

This targeted group “swiftly expanded to cover most of the propertied middle classes, who became an enemy to be defeated and humiliated.” (And, more!)

Under Per贸n, the size of government bureaucracies exploded through massive programs of social spending and by encouraging the growth of labor unions. (Do you see the light?)

High taxes and economic mismanagement took their inevitable toll even after Per贸n had been driven from office. But his populist rhetoric and “contempt for economic realities” lived on. Argentina’s federal government continued to spend far beyond its means. (Can’t happen here you say鈥es it Can!)

Hyperinflation exploded in 1989, the final stage of a process characterized by “industrial protectionism, redistribution of income based on increased wages, and growing state intervention in the economy…” (Will Never Happen Here鈥t has already begun!)

The Argentinean government’s practice of printing money to pay off its public debts had crushed the economy. Inflation hit 3000%, reminiscent of the Weimar Republic . Food riots were rampant; stores were looted; the country descended into chaos. (Impossible! Do not wait to STOP IT!!!)

And by 1994, Argentina ‘s public pensions — the equivalent of Social Security — had imploded. The payroll tax had increased from 5% to 26%, but it wasn’t enough. In addition, Argentina had implemented a value-added tax (VAT), new income taxes, a personal tax on wealth, and additional revenues based upon the sale of public enterprises. These crushed the private sector, further damaging the economy. (Can only happen in those lesser countries! No, ARGENTINA was a World power stronger than the US!)

A government-controlled “privatization” effort to rescue seniors’ pensions was attempted. But, by 2001, those funds had also been raided by the government, the monies replaced by Argentina ‘s defaulted government bonds. (Hmmmm….just what is about to happen in the US!!!)

By 2002, “…government fiscal irresponsibility… induced a national economic crisis as severe as America ‘s Great Depression.” (Will we set on our hands and let that happen again… will we?)

We’ve seen this movie before. The politician’s populist plans NEVER work, because power corrupts and government bankrupts everything it touches. For those that will listen, history shouts over and over that we cannot sustain the wild spending and government takeover of business, banking, health care, and continue to inflate unfunded entitlement programs! Like history tells us, it will be utter and complete disaster!!!

Today’s politicians are guilty of more than arrogant stupidity; they are enslaving future generations to poverty and misery. And they will be long gone when it all implodes. They will be as cold and dead as Juan Per贸n when your children and grand children must ultimately pay for the blind arrogance of politicians!

THINK AMERICA !

WE ARE ALLOWING POLITICIANS TO REPEAT THE FAILURES OF HISTORY!

VOTE EVERY DEMOCRAT OUT OF PUBLIC OFFICE FOR THE NEXT TEN YEARS OR THE ABOVE WILL BE YOUR FATE AND MINE FOREVER!!

THINK…. AND ACT ! !

PS…. while working America cuts back… Congress just increased 鈥済overnment expenditures鈥 by 12% in the “Omnibus” spending bill of nearly half a TRILLION!

Here is just one example of 鈥淕overnment鈥 waste鈥ast year there was ONE person in the entire Dept. of Transportation making over $170,000!
This year that same 鈥淕overnment鈥 Dept. has 1690 people making over $170,000! They are paid over $300,000,000 of our tax dollars for what????

Is your employer, or ANY company, doing that well? NO, they鈥檙e losing their business, being forced to lay off tax-payers, and having Democrats increase their taxes.
AND, this Democrat sponsored Omnibus bill has 5,224 earmarks (totally waste-full pork-barrel pay-offs) totaling $4,000,000,000! That鈥檚 your wasted taxes and mine tossed to the wind without a single care for the hard, hard work we women (and men) put into our jobs!

HOOVER, TRUMAN, AND IKE!

December 18, 2009

This is a chain letter that was sent to me:

__________________________

HOOVER, TRUMAN, AND IKE!

cid:1.2394581177@web83812.mail.sp1.yahoo.comcid:2.2394581177@web83812.mail.sp1.yahoo.comcid:3.2394581177@web83812.mail.sp1.yahoo.com
What did Hoover, Truman, and Eisenhower have in common?

Here is something that should be of great interest for you to pass around.
I didn’t know of this until it was pointed out to me.


Back during The Great Depression, President Herbert Hoover ordered the
deportation of ALL illegal aliens in order to make jobs available to American
citizens that desperately needed work..


Harry Truman deported over two million Illegal’s after WWII to create jobs
for returning veterans.


And then again in 1954, President Dwight Eisenhower deported 13 million
Mexican Nationals! The program was called ‘Operation Wetback’. It was
done so WWII and Korean Veterans would have a better chance at jobs.
It took 2 Years, but they deported them!


Now…if they could deport the illegal’s back then – they could sure do it today?


lf you have doubts about the veracity of this information, enter Operation
Wetback into your favorite search engine and confirm it for yourself.


Reminder: Don’t forget to pay your taxes…
12 million Illegal Aliens are depending on you

December 16, 2009

Dear C4L Member,

Early tomorrow, the Senate Banking Committee is expected to vote on Ben Bernanke’s nomination to a second term as Federal Reserve Chairman.

Click here to get contact information for Senate Banking Committee members.

Chairman Bernanke has operated without any real accountability while printing trillions of dollars out of thin air and keeping interest rates artificially low, practices that continue the destruction of our dollar and will eventually plunge our economy into an even greater crisis.

But the real issue at stake during this confirmation process is transparency at the Fed.

No one 鈥 whether a “Person of the Year” or not 鈥 should be able to commit us to deals with foreign central banks or give taxpayer dollars to Wall Street聽while refusing聽to tell us who is receiving our money.

When you call the Senate Banking Committee members, urge them to join Senators Jim DeMint, David Vitter, Jim Bunning, and Bernie Sanders by calling for a hold on Bernanke’s confirmation until there is an up or down vote on Audit the Fed (S. 604).

If neither of your senators are on the Banking Committee, click here to contact Senate Majority Leader Harry Reid and tell him it is long past time Audit the Fed receive a standalone vote on the Senate floor.

In Liberty,

John Tate

President