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Showing posts with label Wall Street Journal. Show all posts
Showing posts with label Wall Street Journal. Show all posts

Wednesday, October 4, 2017

Eliminate the Estate Tax!


Warren Buffett should just shut his big fat yap! His argument for keeping the estate tax sounds like it comes from an establishment bureaucrat who acts like he doesn't have a clue as to why the estate tax is an Anti-American and Anti-Capital tax.

He really is a bad liar.

First of all, the money in a person's estate has already been taxed. It was taxed when the person earned it. They have, at the point of income, already paid their obligation to the state and federal "guardians of the public trust". What is left over belongs to the person who earned it and they are free to distribute this money any way they please.

Unless they die. When this person passes away, his money is then taxed again. By a lot.

Why?

It's just an asset grab by the state. This also discourages continuity of family wealth. Most times the taxes on an inherited property are so high that the recipient has to sell the assets to pay the tax and doesn't not get to pass the property down to their heirs. This is an un-American activity.

Rather than "hurting" the wealthy, the inheritance tax, very much like the capital gains tax, hurts the middle income people. Buffett would like you to focus on people like him, wealthy big business types but the people who are most hurt by the estate tax are family businesses and farms, people who's wealth lies in the businesses they built and the land they hold in the family name. The wealthy just pay it but the lower inheritors have to sell to pay and lose the asset. How is this serving the public interest when people work their whole lives to earn a living and to pass their gains on to their families? It makes no sense.

And to have Warren Buffett bloviate about how the inheritance tax effects so few people that the government should just keep it.

That it. That's his high-minded argument. It makes me think Mr. Buffett must have inherited his money at least initially since it's hard to believe a person such as he is considered a money master-mind if he says bullshit like this.

Perhaps he'll also make a statement about how the government will "pay" for their tax cuts. Like the money was coming out of the government's pockets in the first place when it's money from the taxpayers. The government can "pay" for taking less of our hard-earned money by slashing Washington's bloated bureaucratic overhead by 10% across the board departmental spending cuts.

That'll "pay" for it plenty, bucko.

But what should Mr. Buffett care about you? You're not Warren Buffett you stupid down-trodden surf! Why should you get to keep anything from your parents especially if they did well?

What a jerk Warren Buffett is.

Friday, October 14, 2016

Can We Ever Trust the Media Again?


The Boston Globe, The New York Times, The Washington Post, USA Today, Bloomberg, The Wall Street Journal, Reuters, The Associated Press, CNN, Fox News…how can we trust anything they say ever again?

All just propaganda sweat sheets. Not a word can be trusted and they prove it every day. I don’t read them, I avoid listening to them whenever possible and I can’t understand why anybody else would either. If they lie about one thing or use “weasel words” to distort the facts, then why should I trust them to even tell me the weather? Should I trust that because THIS TIME they might not be lying?

Don’t think so.

Shades of Clarence Thomas

The recent big lie about Donald Trump has all the timing and suspense of belief as the allegations against Conservative Supreme Court Justice Clarence Thomas when we was up before Congress for his confirmation vote back in 1991.

This was when a former long-time employee, Anita Hill, was put up by the Democrats at the last minute to claim that Mr. Thomas had sexually harassed her while she was in his employ.

It wasn't just a lie, it was an obvious lie.

Based just on the timing alone the allegation was hugely suspect and although the Political Left who backed her “claim” never took a step backward, her story fell apart on facts alone. Especially the fact that if Ms. Hill was harassed in so unwelcome a fashion, then why did she follow Mr. Thomas from the employ in one firm to another? She had no answer.

But to his credit and for a nation’s thankless task, Justice Thomas has proven to be the most consistent stalwart and defender of the U.S. Constitution as it is written. Not even the late Anthony Scalia could make such a claim.

Anita Hill went on to a lucrative career as a motivational speaker on the college circuit. A gift from her Leftist benefactors for a job well done if not entirely successful.

Such is the world we live in.

The “Conservative Press” is No Better

These supposedly Right Wing talk shows, Rush Limbaugh included but also Sean Hannity, Bill O’Reilly and our local talker Howie Carr all make their bones on trumpeting their “outrage” at what the New York Times and the Boston Globe etc write. I don’t need to hear it from them. I don’t buy or read them so why do I need these guys to tell me what the hell they said? If I wanted to know, I’d read it myself.

But the real reason they do this is because THEY’D HAVE NOTHING TO TALK ABOUT 
otherwise. It’s like the Left Wing and Right Wing press feed off each other. They need each other for their livelihood. They, like the present group of Republocrats and Demlicans, are two sides of the same coin.

And WE are all paying for it.

Human Nature to Believe

I love it when a colleague tells me about some outrageous thing that they heard on a television news show about, well, anybody of prominence or of a situation overseas. I just ask, “Are you stupid? Why would you believe that?”

This is why I have no friends at work.

There are people that I know who tell me what a pack of lies they’ve heard on the news about something and then come running to me about Donald Trump. Why on Earth would you not believe everything else except this?

With what is going on today why would anyone believe a word about what's going on in Syria, Yemen, Russia, the EU or our own presidential election. And a bigger question would be why are they buying these publications or supporting them with the cable subscriptions? 

Make the Slaves Love Their Slavery

This is why freedom never seems to win in public opinion polls. I don’t know what it is, do people not trust themselves? Don’t they want to be free to pursue what makes them happy? Wouldn’t they want to have a healthcare plan they can take with them and can afford free of government and employer mandates? A plan for their individual needs and not paying for everyone else’s?

Wouldn’t people want to have more of their own money that they earn in THEIR OWN pockets so that THEY can choose how to spend it and what businesses to support instead of having it yanked from their paychecks and used for businesses the government chooses instead?

Will people vote for a chance to be rid of excess regulations, a big and intervening government, a press that is so BENT that they take it as a personal task to collude and destroy anybody who has a alternate plan (that means you too Bernie Sanders!)?

We’re going to find out but the one thing I do know is...

The idea of a free press is DEAD.