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Showing posts with label Tax the Rich. Show all posts
Showing posts with label Tax the Rich. Show all posts

Saturday, February 2, 2019

Democrats Rush to Economic Apocalypse


As far as campaign promises go, giving away free stuff is always a big seller. But when you promise too much and give to little just to gain power, that power is fleeting. Unless your plan is to totally destabilize the country to hold onto this power.

Medicaid for All

Why have Medicaid for All? Isn't the Affordable Care Act givng away enough already? The ACA is a shining example of costing too much and delivering to little, of people who pay too much and people who pay not at all. The cost averaging that the insurance companies has resorted to in order to make the cost annual jumps in premiums palatable has lead to massive age discrimination since the people with the potential to drive up the what the average worker in the organization has to pay are the oldest. This cost must be eliminated. And then try to find another job bucko!

There isn't enough money in the world to make Socialized Medicine work. We've already seen shortages of vaccines and cancer drugs, drug company profiteering and poor substitutes for the real thing. Remember when regular people went to the emergency room? Now it's avoided at all costs.

Think about that one.

A Wall IS Border Security

How can an inanimate object be immoral? When you're a Leftist Democrat Anarchist who doesn't care if the country is over run by illiterate Visigoths just because a Republican is president.

But won't that effect everybody? They don't care.

Walls work. Hadrian's Wall in Roman Britain did a good job until the lack of a wall along the Rhine River in 407 CE caused Rome to fall. Stop me if you've heard this before. Thousands of uneducated non-Romans poured over the boarder over time until they outnumbered the Roman army, overwhelmed their resources and set up independent domains in Roman territory until, realizing they had greater numbers, they decided to just sack the place. The once mighty Roman legions were so depleted at this point that many in the army were either barbarians themselves or slaves, both holding on allegiance to the cause. The confidence in the government institutions declined and then it was every man for himself and then blamo, the Feudal System.

The Democrats don't want a wall.

Infanticide for All

But they do want third trimester abortions and are willing to pay for you to have them. Now if they can just come up with a way to make abortion retroactive. Perhaps the government run healthcare system will come up with a way to deal with people who take too much from the system. Once the healthcare money becomes "the public trust" anyone who may use too much of the "people's resources" for health care will most likely be scrutinized. It will become the government's right to do so since they are the keepers of the "people's trust".

Now it depends how many of the people trust them.

Tax the Rich!

The problem that will arise the longer this goes on is "who is rich?". You may be surprised to find that more and more people who never thought themselves rich will fall into that category.

However, initially, we can be assured that the category of Rich will be the people who make slightly more than Massachusetts State Senator Elizabeth Warren. So if she and her co-conspirators are worth $15 million, then the Rich people will be the one's making $18 million.

Of course many rich people don't have an income per se. Many, like Nevada State Senator Mitt Romney, take income from their stock dividend accounts which are taxed at a lower rate so they won't be effected by a higher income bracket. Either that or they'll just move.

But you, you working stiff son-of-a-bitch, will see a tax increase to make up for the shortfall!

This was another issue with the fall of the Roman Empire. Since the political hierarchy and landed gentry were exempt from taxation, Caesar taxed the Roman middle class out of existence so there were either the very rich or the very poor and the people either fled or were turned out of their property and the tax revenue dwindled further. The great estates then abandoned Rome altogether to become authorities unto themselves since Caesar had no resources to march against them either.

This is where Alaric, king of the Visigoths, shows up on the outskirts of Rome in 410 CE and gives them the old "Your money or your life" routine.

And that, boys and girls, was the end of the Classical Age. There was a lot of chaos loss of life involved with all of this of course.

But the Left wants the chaos. It's the only strategy they have. 

Thursday, November 29, 2012

Raising the Capital Gains Tax Hurts Every Working Person


For all you “Soak the Rich” types, one thing that should be explained is that everybody has something in the stock market. There are millions of small investors when compared to the super rich we keep hearing about. There are municipalities across this nation that have money in the stock market whether it be in floating bonds to pay for school systems and local infrastructure or town and city pension plans. They’re in there. And the small investors, people who have under $100,000.00 in scattered across different stocks like Verizon and Columbia Gas, aren’t exactly what you call wheeler-dealers in the stock market. For most people it has taken a working career to accumulate this sum.
Utilities are highly regulated and their stocks don’t swing far up or down but remain a steady source of income for retired people who have worked their whole lives to build up a nest egg. Many retired people have at least part of their savings in the stock market and it’s not particularly big money but along with a 401k and their Social Security, retired folks can live the way they were living prior to stopping working.

I want to add that these were also the people who the government stiffed out of their savings by taking over General Motors and royally screwing the small investor while practically handing the GM Union the company. Not rich people by any stretch of the imagination and actually many retired GM employees to boot!
It is the middle class investors who are the people most hurt by taxes on dividends and capital gains taxes, not the super-rich or the just plain rich who can either afford to pay the tax or more likely avoid them altogether. It’s Ma and Pa that are afraid to sell when capital gains rates go up or get whacked when they have to pay the higher rates on their dividends.

If you’re working and contributing to a 401k, you are going to see higher administration costs and fees. If you’re a small stock holder, you’re going to see a tax increase bite into your investment.
What’s that you’re saying? You don’t own any stocks in rich Wall Street traded companies so screw all the people who do? Here’s news for you:  Stock investment has been very easy for people for quite a while now. With an initial $250.00 a person can buy a big or small company’s stock direct without a broker and reinvest the dividends to purchase more stock so when it comes time to retire, they can then start to draw dividends to subsidize their other retirement savings. Many millions of people, regular middle-class people with jobs, have taken advantage of this savings option. If you have a bank account, you can have a stock account.

Plus, your private 401k as well as your teacher’s pension, your DPW pension, your Police and Firefighter’s pensions are in the stock market.
Now the government is going after this too to fund their unwieldy and on the verge of collapse welfare state.

But even if they do, it won’t be enough. Once the government gets their tax hikes, it won’t do anything to bring down the massive debt it has accumulated in just the last year, never mind the last 8 years. Even if the government declares everybody with a job “rich”, it won’t be enough. There just aren’t enough rich folks to take care of everybody else.
So when you hear people in government talking about raising the capital gains tax rates, they’re really talking about YOU.

Who did you vote for again?

Monday, July 16, 2012

Obama Comes Clean, Declares War on Success


Not that this is a surprise to anyone by now but the resentment that radiates from President Obama and his adherents toward anyone successful in this country is reaching new and scary levels.

It’s not a matter of ethnic origin. No matter what “color” you are, if you want to do something with yourself, you’ve got this man and his government standing in your way.
That’s not to say that past governments haven’t gotten in your way and they certainly have but no president that I can ever recall hearing or reading about has so steadfastly and declaratively stood up in front of the American people and said that it is the STATE that has made you a success, not YOU making yourself a success.

I have started hearing this argument many times from the American Left.  It is your lower waged workers that have made you a success, it is the infrastructure put in place by the State that allows you to get your goods to market, that it is the government underwriting low interest loans that got your business off the ground.
And this is all said to undermine YOU, your DRIVE to succeed, your original ideas and your ultimate success. If you are a Hispanic businessman, a Black businessman or a White businessman, you don’t count in the equation of success.

Anyone in any business, from the laundromat owner, the carwash owner, the corner store in ANY neighborhood up to the multi-site doughnut empire magnet, you should take pause with what President Obama is implying.
You’re ok with him just as long as you don’t try to get anywhere in life.

Or maybe you’re just not hearing it the way I am.
Either the President doesn’t know or doesn’t care that the infrastructure you use to move your goods was in fact paid for by the taxes your business and other businesses like yours generated. Or that the people who work for you either wouldn't be working or maybe working a lesser job somewhere else if YOU didn't give them a job. 

And those loans would still be available and most likely at a comparable rate if the government wasn't subsidizing them with taxpayer money.

But the bottom line is that Mr. Obama has nothing else to talk about. He’s all in with his "us against them" class warfare, hate the privileged working class, play to the lowest common denominator road show. It is now all about the takeover of the means of success that America has left to offer. Nobody will escape, nobody will be unaffected. The only unknown in all of this is how violent this will get come November. 
Nothing Obama has done to this point will stand. Obama's bloated expansion of the Federal Government is already starting to collapse under its own weight. The shortages of medicinal drugs has already begun to show itself and if your doctor retires, you will be hard pressed to find another one.  The state unions the Stimulus money has held up for the last three years is running out and the debts are pouring in with no new resources to pay for them and for the first time the city unions are starting to feel the impact. Many are starting to see their pension plans frozen and are being told to  to go to a 401k. Many are seeing their $5.00 medical co-pay become $25.00.
And I say to them, “Welcome to the real world.” Now live the life we in the private sector have been living. We've watched our tax money paying for other people's kids to go to college while we take on massive debt for our own. This is what happens when you pay people not to work and live in section 8 housing instead of paying them for a full days work. 

Bad policy takes a long time to kill a system of government. Since the 1960s the Feds have been looking for places to put a bridge instead of just putting a bridge where one is needed. We didn't need a massive School Lunch Program, we didn't need a massive Correctional Infrastructure and we didn't need an ever expanding Military Machine that in spit of being in a state of perpetual war, never seems to win any of them. Why kill the job? And we think it's only Egypt where the military runs things.

But alas, these are the shortages and debt that will be coming to your State, your Town and your Street. This is what a Marxist State looks like.
So how do you like it?