Posts Tagged ‘patriotic duty’

Obama Says ‘Rich’ Really WANT To Pay More In Taxes – So Let’s Make It Voluntary

April 14, 2011

Obama said one of those things that Big Brother-style totalitarian demagogues always say in his speech yesterday:

Of course, there will be those who disagree with my approach.  Some will argue we shouldn’t even consider raising taxes, even if only on the wealthiest Americans.  It’s just an article of faith for them.  I say that at a time when the tax burden on the wealthy is at its lowest level in half a century, the most fortunate among us can afford to pay a little more.  I don’t need another tax cut.  Warren Buffett doesn’t need another tax cut.  Not if we have to pay for it by making seniors pay more for Medicare.  Or by cutting kids from Head Start.  Or by taking away college scholarships that I wouldn’t be here without.  That some of you wouldn’t be here without.  And I believe that most wealthy Americans would agree with me.  They want to give back to the country that’s done so much for them.  Washington just hasn’t asked them to.

These fascist rodents are always the same.  I think of Joe Biden a few years ago:

“We want to take money and put it back in the pocket of middle-class people,” Biden said in an interview on ABC’s “Good Morning America.”

Noting that wealthier Americans would indeed pay more, Biden said: “It’s time to be patriotic … time to jump in, time to be part of the deal, time to help get America out of the rut.”

It’s the patriotic thing to do to help your Führer make your country an even better Utopia.  Of course, you WANT to help your Führer make your country a better Utopia, he tells you.

Just try not doing what the Führer wants and see how long it takes Dear Leader to come after you.  The correct answer is “not very.”

It’s your patriotic duty to pay your “fair share” of taxes, all ye rich people.

“Patriotic doodie,” more like.

Allow me to quote from my article yesterday to point out a little itty bitty problem with that colossal load of crap:

We need to balance our insane budget deficit, Democrats say.  And it’s time the rich paid their fair share.

All the top 10% of earners paid is 73 percent of the income taxes collected by the federal government.  That’s nothing.  It’s those poor poor who suffer the most.  The bottom 50% have to pay a whole bunch of nothing.  It’s just brutal for them every April.  They want to write a check to the government, but only the rich get to do stuff like that.  And the bottom 40% are so screwed by our federal income tax system that they actually are forced to accept free money in addition to paying a whole bunch of nothing.  Unless the Associated Press is lying about it.

The bottom fifty percent aren’t paying any federal income taxes at all.  Damn traitors, every single rat bastard one of them, by Joe Biden’s view.  And then think of the stinkhole useless treasonous cockroaches who constitute the even more bottom forty percent who not only don’t pay federal income taxes, but actually get money redistributed to them from the taxes of those “patriotic” rich people who are paying their fair share and yours as well.

This wagon train full of fecal matter riding around and around in a dusty circle is like Hitler ranting that every good Nazi had a patriotic duty to go to the Russian front to fight to the death, because no “patriotic” Nazi would ever surrender.  Or that Jews really like going to Auschwitz because, after all, it’s a camp, and who doesn’t like going to camp?

You’ve got to be stark raving mad to believe idiocy like this.  Or a tyrant bureaucrat from hell, which is the same thing except it pays a lot better and provides much better benefits.

This is just another example of Obama being a cynical, manipulative liar without shame.

But let’s give Obama the benefit of the doubt.  Let’s give him a chance to demonstrate that he actually believes his own bullturd statements.  All Obama has to do, given that he believes the rich want to pay more in taxes – “want to give back to the country that’s done so much for them” – is to make paying taxes voluntary for them.

You can pay as much as you want to the government for how wonderful they’ve been to you, as a matter of fact.  It’s called a “Gift To Reduce Debt Held by the Public.”  Liberals can write the government a check for as much as they want on their tax forms.  And the fact that they DON’T pay more in taxes when they easily COULD if they really wanted to is the proof in the pudding that liberals are hypocrites.  But since Obama truly believes – because he’s not a cynical lying weasel at all – that the rich really, truly want to pay more and more and more in taxes if they’re only asked, let him make taxes voluntary for the rich.

I’m sure Republicans would agree to that.

And think of what a bonanza we’ll get.

Obama’s got poisonous fangs.  Don’t believe him when he folds them up and tells you that you really like getting screwed just before he rapes you.

Then there’s another little thing Obama said at least twice in his speech that should set your “fascist alert” antenna twitching:

Worst of all, this is a vision that says even though America can’t afford to invest in education or clean energy; even though we can’t afford to care for seniors and poor children, we can somehow afford more than $1 trillion in new tax breaks for the wealthy Think about it.

and

In December, I agreed to extend the tax cuts for the wealthiest Americans because it was the only way I could prevent a tax hike on middle-class Americans.  But we cannot afford $1 trillion worth of tax cuts for every millionaire and billionaire in our society.  And I refuse to renew them again.

I am thinking about it, Barry Hussein.  And it seems to me as though you are telling me that you think you own all our money, and are just letting us keep as much as you can “afford” to let us keep.

Brit Hume knocked this one out of the park when Obama was demagoguing taxes last year:

But the very language used in discussing these issues tells you something as well. In Washington, letting people keep more of their own money is considered a cost. As if all the money really belongs to the government in the first place in which what you get to keep is an expenditure.

This sense of the primacy of government is reflected in the high percentage of stimulus funds used to bail out broke localities and protect the jobs of government workers. Democrats are proving once again that they are indeed the party of government.

Understand that when Obama says the kind of crap that he’s saying, it comes from a thoroughly Marxist view that you and everything you produce is in reality government property, and he can simply decide to take it as “the people” need it.

Another way to put this is to simply demand that a liberal show you the part of the Constitution that allows the government to demand that 5 percent of the population be compelled to pay for half of a massive out-of-control federal bureaucracy whether or not they like the party that’s running it or the way it’s being run, while 50 percent of the population (that tends to vote overwhelmingly for the party that is redistributing the wealth) doesn’t have to bear any costs in running that government at all.

And not caring if the rich are forced to pay even more just because you’re not rich has the stink of not caring about what happened to the Jews just because you weren’t a Jew.  Which is all the more appropriate to point out given that the Nazis confiscated the Jews’ wealth after demagoguing them, too.

Progressivism is just another dangerous radical “ism,” just like Nazism or facism or Marxism or socialism or communism.

Obama’s central premise in his incredibly demagogic speech was that, for America to be America, we need to make one group of people pay more so that another group of people can keep on avoiding responsibility.  That’s a lie.

America doesn’t need more taxes to remain America; it desperately needs less out-of-control federal spending.

The Fiscal Year 2000 federal budget was $1.9 trillion.  It was Bill Clinton’s budget.  Was America an evil place when Bill Clinton ran it, liberals?  So just why is it that Obama needs $3.8 trillion to make America a good place now?  How does trillion upon trillion upon trillions of dollars in deficit spending make America a good place?  How is it that cursing our children with staggering, back-breaking interest payments on the debt we racked up for them ends up being defined as “caring for our children’s future”?

Do you know that the interest payment alone on our debt is exected to be $800 billion a year by 2020?  That’s just over eight years away.  As you consider Obama’s speech, ask yourself if that’s showing your kids love.  I would argue that it is the most hateful and cynical thing imaginable.

Our founding fathers understood this.  That’s why Thomas Jefferson said that, “It is incumbent on every generation to pay its own debts as it goes.”  That’s why Benjamin Franklin – who also said “Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote” – warned us that “When the people find that they can vote themselves money, that will herald the end of the republic.”

And, with $3.8 trillion budgets with more than forty cents of every dollar of it adding to our deficit, adding to the $200 trillion in debt that we’ve already accumulated, the end of the republic is very much at hand.

Tax Cuts INCREASE Revenues; They Have ALWAYS Increased Revenues

September 8, 2010

We keep seeing the same liberal argument being played over and over again.  As the mainstream media seek to make their case to the American people that the Bush tax cuts should expire, one of the primary strategies being employed is to claim that Republicans are refusing to “pay for” their extension of the tax cuts.  And that therefore the Republicans will hike the deficit.  The problem is that it’s a false premise, based on a static conception of human behavior that refuses to take into account the fact that people’s behavior changes depending upon how much of their money they are allowed to keep, and how much of their money is seized from them in taxation.

As bizarre as it might seem, it is seen as perverse these days to suggest that allowing someone to keep more of the money he or she invests would stimulate people to take more risks by investing in businesses and products, and that such increased investment in business and products would in turn stimulate more economic growth.  Common sense has become akin to rocket science these days.

Then again, liberals aren’t doing much for rocket science, either.

Let’s take a look at the current facts, and then examine the history of our greatest tax-cutting presidents.

The Falsehood That Democrats Are ‘Cutting’ Taxes

Democrats say they are cutting taxes on “95% of Americans, but argue that giving the same tax cut benefits to the remaining 5% would hike the deficit and be fiscally irresponsible.

Well, for one thing, the Democrats are flat-out lying when they say they are cutting taxes for 95% of Americans.  That can’t possibly be true, because as a matter of simple fact a whopping 47% of American households pay no federal income taxes whatsoever.

WASHINGTON (AP) — Tax Day is a dreaded deadline for millions, but for nearly half of U.S. households it’s simply somebody else’s problem.

About 47 percent will pay no federal income taxes at all for 2009. Either their incomes were too low, or they qualified for enough credits, deductions and exemptions to eliminate their liability. That’s according to projections by the Tax Policy Center, a Washington research organization. […]

The result is a tax system that exempts almost half the country from paying for programs that benefit everyone, including national defense, public safety, infrastructure and education. It is a system in which the top 10 percent of earners — households making an average of $366,400 in 2006 — paid about 73 percent of the income taxes collected by the federal government.

What Democrats are doing – deceitful liars that they are – is giving Americans “tax credits” and calling them “tax cuts.”

tax cut is a reduction in the percentage or amount of taxes that is being imposed on a citizen.  The government is cutting the amount it had been collecting from taxpayers.  A government cannot “cut” a citizen’s taxes unless that citizen had been paying taxes in the first place.

A tax credit is when you give someone money that has been collected from another taxpayer.  It is redistribution of wealth.  It is what Karl Marx described as “from each according to his ability, to each according to his need.”  Do you notice that “to” in the middle?  It means, “transferring the wealth from one government-penalized group of people TO another government-privileged group of people.”  It is what Obama described as “spreading the wealth around.”

What Obama and the Democrats in Congress propose is NOT a “tax cut.”  And it is nothing but a lie to call it that.  And every single journalist who has suggested that it is a tax cut is as much of a liar as the Democrats are.

That’s the first point.  Democrats are advancing a central tenet of Marxism and deceitfully and even demagogically relabeling it as “capitalism.”  And the media helps them get away with it.

The Falsehood That Cutting Taxes For the Rich – But NOT The Other Classes – Contributes To the Deficit

Next comes the idea Democrats argue that tax cuts for the rich contribute to the deficit.

Let’s say for the sake of argument (just for the moment; I’ll prove it’s wrong below) that tax cuts for the rich raise the deficit.  Let me ask you one question: how then do tax cuts for the rest of us not ALSO raise the deficit???

Why wouldn’t raising taxes on the middle class and the poor not correspondingly lower the deficit?  So why aren’t Democrats going after them?

Are Democrats too stupid to realize that there just aren’t enough rich people to pay off our deficit, especially when this president and this Congress have raised said deficit tenfold over the last Republican-passed budget deficit?  The last budget produced by congressional Republicans was in 2007.  That year, the deficit was approximately $160 billion; now under Obama, Nancy Pelosi and Harry Reid it is $1.6 TRILLION a year as far as the eye can see.

Wouldn’t ANY tax cuts raise the deficit?  And shouldn’t we therefore tax the bejeezus out of EVERYBODY to lower the deficit?  Wouldn’t every single dollar collected reduce the deficit correspondingly?

Let me put it concretely: say I took a $100 bill out of the wallet of a millionaire.  And then say I took a $100 bill out of the wallet of a poor person.  If I took both bills to a Democrat, would he or she be able to tell the difference?  Would he say, “Ah, THIS bill will lower the deficit because it comes from a rich person; but THIS one clearly won’t because it clearly came from a poor person.”

Update, Sep. 10: A study by the Joint Tax Committee, using the same static methodology that I refer to in my opening paragraph, calculate that the government will lose $700 billion in revenue if the tax cuts for the top income brackets are extended.  And that sounds bad.  But they also conclude that the Bush tax cuts on the middle class will cost the Treasury $3 TRILLION over the same period.  If we can’t afford $700 billion, then how on earth can we afford $3 trillion?  And then you’ve got to ask how much the Treasury is losing by not taxing the poor first into the poorhouse, and then into the street?  And how much more revenue could we collect if we then imposed a “street” tax? [end update].

Hopefully you get the point: if tax cuts for the rich are bad because they increase the deficit, then they are equally bad for everyone else for the same exact reason.  And so we should either tax the hell out of everyone, or cut taxes for everyone.  And a consistent Democrat opposed to “deficit-hiking tax cuts for the rich” should be for raising YOUR taxes as much as possible.

Republicans don’t fall into this fundamental contradiction (see below), because they don’t believe that tax cuts create deficits.  Democrats do.  Which means they are perfectly content with shockingly supermassive deficits – as long as its 95% of Americans who are creating those deficits, rather than 100%.

Joe Biden said it was a patriotic duty to pay higher taxes.  And yet Democrats are trying to make 95% of Americans unpatriotic traitors who don’t care about their country?

Now, Democrats will at this point repudiate logic and punt to the issue of “fairness.”  But “fairness” is a very subjective thing, when one group of people decide it’s “fair” for another group of people to hand over their money while the first group pays nothing.  Even George Bernard Shaw – a socialist, mind you – understood this.  He pointed out the fact that “A government that robs Peter to pay Paul can always depend on the support of Paul.”

Which is to say it’s NOT fair at all.  Paul may think it’s fair, but poor Peter gets screwed year after year.

And it is a fundamental act of hypocrisy – not to mention advancing yet ANOTHER central tenet of Marxist class warfare – to claim to oppose tax cuts for the rich in the name of the deficit, but not to oppose tax cuts for everyone else.

And for the record, I despise both hypocrisy AND central tenets of Marxism.  Which is why I despise the Democrat Party, which is both hypocritical and basically Marxist.

[Update, September 20] Brit Hume demolished the Obama-Democrat argument regarding the Bush tax cuts being a “cost” to the government, saying:

But the very language used in discussing these issues tells you something as well. In Washington, letting people keep more of their own money is considered a cost. As if all the money really belongs to the government in the first place in which what you get to keep is an expenditure.”

And, again, that mindset about government control and in fact government ownership over people’s wealth represents a profoundly Marxist view of the world. [End update].

For what it’s worth, Democrats will only maintain the massive contradiction of “tax cuts for the rich raising the deficit” for so long.  Obama already admitted he was willing to go back on his promise to raise taxes on the middle class.  And his people are already looking to tee off on middle class tax hikes.  In addition, if you have any private retirement funds, they may well be coming after you soon.

The Falsehood That Tax Cuts Increase The Deficit

Now let’s take a look at the utterly fallacious view that tax cuts in general create higher deficits.

Let’s take a trip back in time, starting with the 1920s.  From Burton Folsom’s book, New Deal or Raw Deal?:

In 1921, President Harding asked the sixty-five-year-old [Andrew] Mellon to be secretary of the treasury; the national debt [resulting from WWI] had surpassed $20 billion and unemployment had reached 11.7 percent, one of the highest rates in U.S. history.  Harding invited Mellon to tinker with tax rates to encourage investment without incurring more debt. Mellon studied the problem carefully; his solution was what is today called “supply side economics,” the idea of cutting taxes to stimulate investment.  High income tax rates, Mellon argued, “inevitably put pressure upon the taxpayer to withdraw this capital from productive business and invest it in tax-exempt securities. . . . The result is that the sources of taxation are drying up, wealth is failing to carry its share of the tax burden; and capital is being diverted into channels which yield neither revenue to the Government nor profit to the people” (page 128).

Mellon wrote, “It seems difficult for some to understand that high rates of taxation do not necessarily mean large revenue to the Government, and that more revenue may often be obtained by lower taxes.”  And he compared the government setting tax rates on incomes to a businessman setting prices on products: “If a price is fixed too high, sales drop off and with them profits.”

And what happened?

“As secretary of the treasury, Mellon promoted, and Harding and Coolidge backed, a plan that eventually cut taxes on large incomes from 73 to 24 percent and on smaller incomes from 4 to 1/2 of 1 percent.  These tax cuts helped produce an outpouring of economic development – from air conditioning to refrigerators to zippers, Scotch tape to radios and talking movies.  Investors took more risks when they were allowed to keep more of their gains.  President Coolidge, during his six years in office, averaged only 3.3 percent unemployment and 1 percent inflation – the lowest misery index of any president in the twentieth century.

Furthermore, Mellon was also vindicated in his astonishing predictions that cutting taxes across the board would generate more revenue.  In the early 1920s, when the highest tax rate was 73 percent, the total income tax revenue to the U.S. government was a little over $700 million.  In 1928 and 1929, when the top tax rate was slashed to 25 and 24 percent, the total revenue topped the $1 billion mark.  Also remarkable, as Table 3 indicates, is that the burden of paying these taxes fell increasingly upon the wealthy” (page 129-130).

Now, that is incredible upon its face, but it becomes even more incredible when contrasted with FDR’s antibusiness and confiscatory tax policies, which both dramatically shrunk in terms of actual income tax revenues (from $1.096 billion in 1929 to $527 million in 1935), and dramatically shifted the tax burden to the backs of the poor by imposing huge new excise taxes (from $540 million in 1929 to $1.364 billion in 1935).  See Table 1 on page 125 of New Deal or Raw Deal for that information.

FDR both collected far less taxes from the rich, while imposing a far more onerous tax burden upon the poor.

It is simply a matter of empirical fact that tax cuts create increased revenue, and that those [Democrats] who have refused to pay attention to that fact have ended up reducing government revenues even as they increased the burdens on the poorest whom they falsely claim to help.

Let’s move on to John F. Kennedy, one of the most popular Democrat presidents ever.  Few realize that he was also a supply-side tax cutter.

Kennedy said:

“It is a paradoxical truth that tax rates are too high and tax revenues are too low and the soundest way to raise the revenues in the long run is to cut the rates now … Cutting taxes now is not to incur a budget deficit, but to achieve the more prosperous, expanding economy which can bring a budget surplus.”

– John F. Kennedy, Nov. 20, 1962, president’s news conference


“Lower rates of taxation will stimulate economic activity and so raise the levels of personal and corporate income as to yield within a few years an increased – not a reduced – flow of revenues to the federal government.”

– John F. Kennedy, Jan. 17, 1963, annual budget message to the Congress, fiscal year 1964

“In today’s economy, fiscal prudence and responsibility call for tax reduction even if it temporarily enlarges the federal deficit – why reducing taxes is the best way open to us to increase revenues.”

– John F. Kennedy, Jan. 21, 1963, annual message to the Congress: “The Economic Report Of The President”


“It is no contradiction – the most important single thing we can do to stimulate investment in today’s economy is to raise consumption by major reduction of individual income tax rates.”

– John F. Kennedy, Jan. 21, 1963, annual message to the Congress: “The Economic Report Of The President”


“Our tax system still siphons out of the private economy too large a share of personal and business purchasing power and reduces the incentive for risk, investment and effort – thereby aborting our recoveries and stifling our national growth rate.”

– John F. Kennedy, Jan. 24, 1963, message to Congress on tax reduction and reform, House Doc. 43, 88th Congress, 1st Session.


“A tax cut means higher family income and higher business profits and a balanced federal budget. Every taxpayer and his family will have more money left over after taxes for a new car, a new home, new conveniences, education and investment. Every businessman can keep a higher percentage of his profits in his cash register or put it to work expanding or improving his business, and as the national income grows, the federal government will ultimately end up with more revenues.”

– John F. Kennedy, Sept. 18, 1963, radio and television address to the nation on tax-reduction bill

Which is to say that modern Democrats are essentially calling one of their greatest presidents a liar when they demonize tax cuts as a means of increasing government revenues.

So let’s move on to Ronald Reagan.  Reagan had two major tax cutting policies implemented: the Economic Recovery Tax Act (ERTA) of 1981, which was retroactive to 1981, and the Tax Reform Act of 1986.

Did Reagan’s tax cuts decrease federal revenues?  Hardly:

We find that 8 of the following 10 years there was a surplus of revenue from 1980, prior to the Reagan tax cuts.  And, following the Tax Reform Act of 1986, there was a MASSIVE INCREASE of revenue.

So Reagan’s tax cuts increased revenue.  But who paid the increased tax revenue?  The poor?  Opponents of the Reagan tax cuts argued that his policy was a giveaway to the rich (ever heard that one before?) because their tax payments would fall.  But that was exactly wrong.  In reality:

“The share of the income tax burden borne by the top 10 percent of taxpayers increased from 48.0 percent in 1981 to 57.2 percent in 1988. Meanwhile, the share of income taxes paid by the bottom 50 percent of taxpayers dropped from 7.5 percent in 1981 to 5.7 percent in 1988.”

So Ronald Reagan a) collected more total revenue, b) collected more revenue from the rich, while c) reducing revenue collected by the bottom half of taxpayers, and d) generated an economic powerhouse that lasted – with only minor hiccups – for nearly three decades.  Pretty good achievement considering that his predecessor was forced to describe his own economy as a “malaise,” suffering due to a “crisis of confidence.” Pretty good considering that President Jimmy Carter responded to a reporter’s question as to what he would do about the problem of inflation by answering, “It would be misleading for me to tell any of you that there is a solution to it.”

Reagan whipped inflation.  Just as he whipped that malaise and that crisis of confidence.

This might explain why a Gallup poll showed that Ronald Reagan is regarded as our greatest president, while fellow tax-cutting great John F. Kennedy is tied for second with Abraham Lincoln.  Because, in proving Democrat policies are completely wrongheaded, he helped people.  Including poorer people who benefited from the strong economy he built with his tax policies.

Let’s move on to George Bush and the infamous (to Democrats) Bush tax cuts.  And let me quote none other than the New York Times:

Sharp Rise in Tax Revenue to Pare U.S. Deficit
By EDMUND L. ANDREWS
Published: July 13, 2005

WASHINGTON, July 12 – For the first time since President Bush took office, an unexpected leap in tax revenue is about to shrink the federal budget deficit this year, by nearly $100 billion.

A Jump in Corporate Payments On Wednesday, White House officials plan to announce that the deficit for the 2005 fiscal year, which ends in September, will be far smaller than the $427 billion they estimated in February.

Mr. Bush plans to hail the improvement at a cabinet meeting and to cite it as validation of his argument that tax cuts would stimulate the economy and ultimately help pay for themselves.

Based on revenue and spending data through June, the budget deficit for the first nine months of the fiscal year was $251 billion, $76 billion lower than the $327 billion gap recorded at the corresponding point a year earlier.

The Congressional Budget Office estimated last week that the deficit for the full fiscal year, which reached $412 billion in 2004, could be “significantly less than $350 billion, perhaps below $325 billion.”

The big surprise has been in tax revenue, which is running nearly 15 percent higher than in 2004. Corporate tax revenue has soared about 40 percent, after languishing for four years, and individual tax revenue is up as well
.

[Update, September 20: The above NY Times link was scrubbed; the same article, edited differently, appears here.]

Note the newspaper’s use of liberals favorite adjective: “unexpected.” They never expect Republican and conservative polices to work, but they always do if they’re given the chance.  They never expect Democrat and liberal policies to fail, but they always seem to fail every single time they’re tried.

For the record, President George Bush’s 2003 tax cuts:

raised federal tax receipts by $785 billion, the largest four-year revenue increase in U.S. history. In fiscal 2007, which ended last month, the government took in 6.7% more tax revenues than in 2006.

These increases in tax revenue have substantially reduced the federal budget deficits. In 2004 the deficit was $413 billion, or 3.5% of gross domestic product. It narrowed to $318 billion in 2005, $248 billion in 2006 and $163 billion in 2007. That last figure is just 1.2% of GDP, which is half of the average of the past 50 years.

Lower tax rates have be so successful in spurring growth that the percentage of federal income taxes paid by the very wealthy has increased. According to the Treasury Department, the top 1% of income tax filers paid just 19% of income taxes in 1980 (when the top tax rate was 70%), and 36% in 2003, the year the Bush tax cuts took effect (when the top rate became 35%). The top 5% of income taxpayers went from 37% of taxes paid to 56%, and the top 10% from 49% to 68% of taxes paid. And the amount of taxes paid by those earning more than $1 million a year rose to $236 billion in 2005 from $132 billion in 2003, a 78% increase.

Budget deficits are not merely a matter of tax policy; it is a matter of tax policy AND spending policy.  Imagine you have a minimum wage job, but live within your means.  Then you get a job that pays a million dollars a year.  And you go a little nuts, buy a mansion, a yacht, a fancy car, and other assorted big ticket items such that you go into debt.  Are you really so asinine as to argue that you made more money when you earned minimum wage?  But that’s literally the Democrats’ argument when they criticize Reagan (who defeated the Soviet Union and won the Cold War in the aftermath of a recession he inherited from President Carter) and George Bush (who won the Iraq War after suffering the greatest attack on US soil in the midst of a recession he inherited from President Clinton).

As a result of the Clinton-era Dot-com bubble bursting, the Nasdaq lost a whopping 78% of its value, and $6 trillion dollars of wealth was simply vaporized.  We don’t tend to remember how bad that economic disaster was, because the 9/11 attack was such a huge experience, and because instead of endlessly blaming his predecessor, George Bush simply took responsibility for the economy, cut taxes, and fixed the problem.  The result, besides the above tax revenue gains, was an incredible and unprecedented 52 consecutive months of job growth.

Update September 12: Did somebody say something about “jobs”?  Another fact to recognize is the horrendous damage that will be done to small businesses and the jobs they create if the tax cuts for the “rich” aren’t continued.  As found in the Wall Street Journal, “According to IRS data, fully 48% of the net income of sole proprietorships, partnerships, and S corporations reported on tax returns went to households with incomes above $200,000 in 2007.” Further, the Tax Policy Center found that basically a third of taxpayers who are expected to be in the top tax bracket in 2011 generate more than half their income from a business ownership.  And while Democrats love to point out that their tax hikes on the so-called rich only impact 3% of small businesses, the National Federation of Independent Business reports that that three percent employs about 25 percent of the nation’s total workforce.  “Small businesses that employ 20 to 250 workers are the most likely to be hit by an increase in the top two tax rates, according to NFIB research. Businesses of this size employ more than 25 percent of the U.S. workforce.”  So if you want jobs and an economic recovery, you simply don’t pile more punishing taxes on those “rich” people.  Especially during a recession [End update].

We’re not arguing theories here; we’re talking about the actual, empirical numbers, literally dollars and cents, which confirms Andrew Mellon’s thesis, and Warren Harding’s and Calvin Coolidge’s, John F. Kennedy’s, Ronald Reagan’s, and George W. Bush’s, economic policies.

Harding and Coolidge, Reagan and Bush, with Democrat JFK right smack in the middle: great tax cutters all.

The notion that small- and limited-government conservatives who want ALL Americans to pay less to a freedom-encroaching government are somehow “beholden to the rich” for doing so is just a lie.  And a Marxist-based lie at that.

[Update, 12/15/10]: Check out these numbers as to how the Reagan tax cuts INCREASED the taxes paid by the wealthy, and REDUCED the taxes paid by the middle class and the bottom 50% of tax payers:

Income tax burdens (from the Joint Economic Committee for the US Congress report, 1996):
1981: top 1% of earners paid 17.6% of all personal income taxes
1988: top 1% of earners paid 27.5% of all personal income taxes (+ 10%).

1981: top 10% of earners paid 48% of all personal income taxes
1988: top 10% of earners paid 57.2% of all personal income taxes (+ 9%).

So rich clearly paid MORE of the tax burden when their tax rates were LOWERED.

For the middle class:
1981: middle class paid 57.5% of all personal income taxes
1988: middle class paid 48.7% of all personal income taxes (- 9%).

The middle class’ tax burden went DOWN by 9%.  They paid almost 10% LESS than what they had been paying before the Reagan cuts.

For the bottom 50%:
1981: bottom 50% paid 7.5% of all personal income taxes
1988: bottom 50% paid 5.7% of all personal income taxes (- 2%).

So the Joint Economic Economic Committee concludes that if you lower the tax rates on the rich, the rich wind up paying MORE of the tax burden and the poor end up paying LESS.  When you enact confiscatory taxation policies, the people who can afford it invariably end up protecting their money.  They do everything they can to NOT pay taxes because they are getting screwed.  When the rates drop to reasonable rates, they don’t shelter their money; rather, they take advantage of their ability to earn more – and improve the economy by doing so – by investing.  If you take away their profit, you take away their incentive to improve the economy and create jobs.

Some articles to read:

The Reagan Tax Cuts: Lessons for Tax Reform

The Historical Lessons of Lower Tax Rates

Income Tax Cuts Increase Revenues and Help Low Income Families

[End Update, 12/15/10]

Obama’s Backdoor Taxation And The Coming Consequences Of Obamanomics

February 2, 2010

Remember Obama’s ubiquitous campaign pledge that 95% of Americans wouldn’t see their taxes go up one single dime? Oops.

Reuters ran a story that they titled, “Backdoor Taxes To Hit Middle Class.”  The Obama administration whined, pleaded, threatened, and intimidated Reuters to the point that Reuters took the story down.

Fortunately, the International Business Times is running pretty much the story under the same title:

Backdoor taxes to hit middle class

By Terri Cullen
01 February 2010 @ 06:16 pm ET
Next Politics & Policy Article

NEW YORK – The Obama administration’s plan to cut more than $1 trillion from the deficit over the next decade relies heavily on so-called backdoor tax increases that will result in a bigger tax bill for middle-class families.

In the 2010 budget tabled by President Barack Obama on Monday, the White House wants to let billions of dollars in tax breaks expire by the end of the year — effectively a tax hike by stealth.

While the administration is focusing its proposal on eliminating tax breaks for individuals who earn $250,000 a year or more, middle-class families will face a slew of these backdoor increases.

The targeted tax provisions were enacted under the Bush administration’s Economic Growth and Tax Relief Reconciliation Act of 2001. Among other things, the law lowered individual tax rates, slashed taxes on capital gains and dividends, and steadily scaled back the estate tax to zero in 2010.

If the provisions are allowed to expire on December 31, the top-tier personal income tax rate will rise to 39.6 percent from 35 percent. But lower-income families will pay more as well: the 25 percent tax bracket will revert back to 28 percent; the 28 percent bracket will increase to 31 percent; and the 33 percent bracket will increase to 36 percent. The special 10 percent bracket is eliminated.

Investors will pay more on their earnings next year as well, with the tax on dividends jumping to 39.6 percent from 15 percent and the capital-gains tax increasing to 20 percent from 15 percent. The estate tax is eliminated this year, but it will return in 2011 — though there has been talk about reinstating the death tax sooner.

Millions of middle-class households already may be facing higher taxes in 2010 because Congress has failed to extend tax breaks that expired on January 1, most notably a “patch” that limited the impact of the alternative minimum tax. The AMT, initially designed to prevent the very rich from avoiding income taxes, was never indexed for inflation. Now the tax is affecting millions of middle-income households, but lawmakers have been reluctant to repeal it because it has become a key source of revenue.

Without annual legislation to renew the patch this year, the AMT could affect an estimated 25 million taxpayers with incomes as low as $33,750 (or $45,000 for joint filers). Even if the patch is extended to last year’s levels, the tax will hit American families that can hardly be considered wealthy — the AMT exemption for 2009 was $46,700 for singles and $70,950 for married couples filing jointly.

Middle-class families also will find fewer tax breaks available to them in 2010 if other popular tax provisions are allowed to expire. Among them:

* Taxpayers who itemize will lose the option to deduct state sales-tax payments instead of state and local income taxes;

* The $250 teacher tax credit for classroom supplies;

* The tax deduction for up to $4,000 of college tuition and expenses;

* Individuals who don’t itemize will no longer be able to increase their standard deduction by up to $1,000 for property taxes paid;

* The first $2,400 of unemployment benefits are taxable, in 2009 that amount was tax-free.

Notwithstanding that punishing the rich actually punishes the poor by punishing economic growth (the poor get their jobs because the rich create them, rather than vice versa), it was always a lie that Obama was only going to tax the rich.  People like me were pointing that out throughout the 2008 election campaign.

A couple examples:

Obama-Biden Will Come After Middle Class With Taxes

Obama WILL Raise Your Taxes And Your Living Costs

That Obama’s promise to tax only the rich was such a transparent lie that even the biased leftist New York Times reported on it.  The final paragraph in their article entitled, “Obama’s Pledge to Tax Only the Rich Can’t Pay for Everything, Analysts Say” reads as follows:

“There is no way we can pay for health care and the rest of the Obama agenda, plus get our long-term deficits under control, simply by raising taxes on the wealthy,” said Isabel V. Sawhill, a former Clinton administration budget official. “The middle class is going to have to contribute as well.”

The Wall Street Journal expressed the same point better (as usual) in analyzing Obama’s tax and spend demagoguery:

This is going to be some trick. Even the most basic inspection of the IRS income tax statistics shows that raising taxes on the salaries, dividends and capital gains of those making more than $250,000 can’t possibly raise enough revenue to fund Mr. Obama’s new spending ambitions.

The WSJ goes on to say:

as a thought experiment, let’s go all the way. A tax policy that confiscated 100% of the taxable income of everyone in America earning over $500,000 in 2006 would only have given Congress an extra $1.3 trillion in revenue. That’s less than half the 2006 federal budget of $2.7 trillion and looks tiny compared to the more than $4 trillion Congress will spend in fiscal 2010. Even taking every taxable “dime” of everyone earning more than $75,000 in 2006 would have barely yielded enough to cover that $4 trillion.

We voted for a liar based on the huge pack of lies he offered us.

If you actually believed Obama’s “hope and change” that you would be able to get a free ride as Someone Else picked up your tab forever, you are a genuine fool.

Joe Biden summed up the Obama populist demagoguery by suggesting that paying excessively high taxes was the “patriotic duty” of the rich – which basically means that the middle classes and the poor either aren’t patriots or that they have no patriotic duties.

Liberals talk about “fairness,” as though its somehow “fair” that nearly half the country pay should pay no federal income taxes at all, while 1% of the American people should be compelled to pay 40% of all federal income tax.  They think it’s “fair” that the top 1% of earners pay more in taxes than the bottom 95% of Americans COMBINED.

This is America, where you have the right to sit on your fat ass while someone else works for the bon bons you stuff in your face while you vegetate in front of the boob tube.  Why SHOULD you work when you can saddle that burden on Someone Else?

Rich people study harder in their formative years.  They postpone prosperity longer to pursue more college education.  They work longer hours.  They save more.  They pursue jobs that are more demanding and more stressful. They invest when others consume, and then consume some more, and then some more.  And when they finally start to achieve, Mr. or Ms. bon bon feels entitled to confiscate their prosperity and redistribute it to the do nots.

And that’s “fair.”

Well, under Obama, your “fairness” is going to come home to roost.

Obama is considered “anti-business” by a whopping 77% of investors. whose investments stimulate economic growth.  Obama has gone to war with the U.S. Chamber of Commerce whose businesses create jobs.  Obama has gone to war with the banks that lend money to businesses.

Many businesses simply afraid to hire new workers because of Obama’s new taxes and rules, and the sheer atmosphere of doubt that he’s created.

We  are descending into a command-and-control economy with the government pulling the strings, according to a study.  And that is going to have severe consequences.

On top of Obama’s approach of punishing and discouraging businesses and investment, Obama took the Democrat Marxist-based economic philosophy of redistributionism and ran with it so far down the field that we could never hope to pay for it by taxing the rich even if we sucked them all dry.

Obama is spending vastly more money as a percentage of GDP than FDR ever did.  All of this spending is doing little to stimulate the economy (and what little it IS doing is both artificial and temporary), and the American people are going to have to pay dearly for all this never-before-seen-in-the-history-of-the-human-race spending very shortly down the road.

Now Mr. Middle Class and even Mr. Minimum Wage is going to have to pay for Obama’s massive government excesses, too.  Or else the whole Ponzi scheme we call our federal government will fall apart.

This hearkens to the words of Michelle Obama:

“Barack Obama will require you to work. He is going to demand that you shed your cynicism. That you put down your divisions. That you come out of your isolation, that you move out of your comfort zones. That you push yourselves to be better. And that you engage. Barack will never allow you to go back to your lives as usual, uninvolved, uninformed.”

I see those words, “Barack Obama will require you to work,” and I see a bunch of communist proletariats in a mandatory labor pool squatting over their forced labor.

I came across an article entitled, “A New Slavery: Forced Labor, the Communist Betrayal of Human Rights.”  Oh oh.  Barack Obama isn’t the first Marxist who ever decided to “require you to work.”

Obama has created such gigantic deficits through his gigantic “government as God” approach that we will have unsustainable trillion dollar deficits through 2020.

Barack Obama will require you to work,” Michelle Obama assured us.  “Barack will never allow you to go back to your lives as usual, uninvolved, uninformed.”

That means no more boob tube and bon bons for you, Obama voters.  Get off your fat, lazy, worthless asses and work off your Dear Leader’s deficits.

Don’t wait for Obama to start a forced labor camp in your neighborhood.  “Move out of your comfort zones” and start one of your own.  Maybe you cold begin by collecting your family’s feces to produce Toebee (compost) like the other Dear Leader requires his people to do in North Korea.

Demonization And Other Examples Of Liberal Hypocrisy

April 29, 2009

I recall a bit from a Seinfeld episode that involved a bedroom technique known only as “the move.” It was apparently a very potent and successful “move,” indeed:

Elaine: I was with David *Putty* last night.

Jerry: Yeah, so.

Elaine: He did the move.

Jerry: What move?

Elaine: You know…*the* move.

Jerry: Wait a second. *My* move?

[Elaine nods].

Jerry: David Putty used *my* move?

Elaine: Yes, yes.

Jerry: Are you sure?

Elaine: Jerry! There is no confusing *that* move with any other move.

Jerry: I can’t believe it. He *stole* my move.

Elaine: What else did you tell [reaches over to slap Jerry] him. [does it

again] The two of you must have had *quite* a little chat!

Jerry: Oh, it wasn’t like that! I didn’t even mention you. You know, we

were in the garage. You know how garages are. They’re conducive to sex

talk. It’s a high-testosterone area.

Elaine: Because of all the pistons and the lube jobs?

Jerry: Well, I’m going down to that garage and telling him to stop doing it.

Elaine: Well, wait—wait a second.

Jerry: What?

Elaine: Isn’t that a little…rash?

Jerry: No! He stole my move!

Elaine: Yeah, but…*I* like the move.

Jerry: Yeah, but it’s like another comedian stealing my material.

Elaine: Well, he doesn’t even do it exactly the same. He–he–he uses a

pinch at the end instead of the *swirl*!

Jerry: Oh, yeah. The pinch. *I’ve* done the pinch. That’s not new.

Well, with that that long bit of introduction, the Democrats have their very own “move,” – an extremely potent and successful “move” – and they are clearly angry that Republicans are beginning to steal their move.

The Democrat’s “move” – by the way – is demonization.  It’s their move, they’ve used it to great effect for the last twenty years or so, and they don’t want their rivals using it.

Here’s a little story to illustrate the Democrat’s and their “move”:

It Takes One to Know One
“Harvard Law professor Mary Ann Glendon, one of the most prominent Catholic conservative intellectuals in the United States, announced yesterday that she would refuse a prestigious award from the University of Notre Dame rather than appear on the same platform on which President Obama is being awarded an honorary degree,” the Boston Globe reports.

The Globe notes that not all Catholics are unhappy with Notre Dame’s plan to give the president an honorary degree:

“There are some well-meaning people who think Notre Dame has given away its Catholic identity, because they have been caught up in the gamesmanship of American higher education, bringing in a star commencement speaker even if that means sacrificing their values, and that accounts for some of this,” said the Rev. Kenneth Himes, chairman of theology department at Boston College. “But one also has to say that there is a political game going on here, and part of that is that you demonize the people who disagree with you, you question their integrity, you challenge their character, and you brand these people as moral poison. Some people have simply reduced Catholicism to the abortion issue, and, consequently, they have simply launched a crusade to bar anything from Catholic institutions that smacks of any sort of open conversation.”

Now read this 2006 Associated Press dispatch:

Nearly 100 faculty members at Boston College have signed a letter objecting to the college’s decision to award Secretary of State Condoleezza Rice an honorary degree.

The letter entitled “Condoleezza Rice Does Not Deserve a Boston College Honorary Degree,” was written by the Rev. Kenneth Himes. . . .

“On the levels of both moral principle and practical moral judgment, Secretary Rice’s approach to international affairs is in fundamental conflict with Boston College’s commitment to the values of the Catholic and Jesuit traditions and is inconsistent with the humanistic values that inspire the university’s work,” the letter said.

Himes, it seems, is an expert on demonization.

Kenneth Himes lectures us: How DARE you do what I did to you!  There must be something morally WRONG with you!!!  Demonization is “OUR” move, and you can’t steal it!

Well, as Obama folk like to say, “YES, WE CAN!”

Being a liberal means being a hypocrite.  Hypocrisy defines liberals; their shriveled little souls swim in it.  And part of being a total hypocrite means having the pathological ability to be perfectly at home with their own massive contradictions.

For instance, liberals are “tolerant,” which means they lash out and demonize anyone who doesn’t think exactly like them – in the name of “tolerance.”

A few other examples of liberal hypocrisy:

Liberals support high taxes on the rich.  As long as it is understood that they have no expectation to pay such taxes themselves.  Ask pretty much anyone on Barack Obama’s cabinet.  Liberals like “Turbo Tax” Tim Geithner, Tom Daschle, Bill Richardson, Ron Kirk, Hilda Solis, Nancy Kelleher, and Kathleen Sebelius.  And that doesn’t include Congressional Democrats such as Charles Rangel – who is writing YOUR tax laws even as he cheats on HIS taxes.  And don’t forget the mantra from Rangel’s former fellow member of the House Ways and Means Committee William Jefferson: “FBI sting money hidden in freezers is NOT taxable.”

Liberals claim that it is the rich’s “patriotic duty” to pay a shockingly high percentage of total income taxes while simultaneously pandering to the clearly unpatriotic – by their own standard – 42% of Americans who pay NO federal income taxes at all.

Liberals claim that they are generous and conservatives are stingy; yet the facts demand the exact OPPOSITE conclusion.  The fact of the matter is that conservatives are FAR more “liberal” givers than liberalsConservatives give 30% more than liberals even though liberals earn slightly more.  And religious conservatives give THREE AND A HALF TIMES more of their income to charities than secular liberals.  If you’d like some particular cases, consider the loathsome lack of personal generosity displayed by Barack Obama and Joe Biden relative to the extremely generous conservatives like Dick Cheney, George Bush, and John McCain.

Liberals love racial diversity – as long as they can continue demonizing black conservatives such as Michael Steele, Clarence Thomas, and Condoleezza Rice as “Uncle Toms and Aunt Jemimahs” or “race traitors.”  Janeane Garafalo is completely free to be a hard-core racist, just as long as the minorities she viciously attacks are conservatives.  Newsweek Magazine –  in wholehearted agreement with Garafalo – literally argued that whites who don’t vote for Obama are racist.

In the same vein, liberals are pro-woman – just as long as “women” are defined as “liberal feminist”; otherwise, they hand out the Sarah Palin treatment (e.g., “Palin: Bad Mother, Bad Woman”).  Ultimately, of course, Sarah Palin is a “bad mother” for allowing her baby born with Down Syndrome to live.

Liberals stand for the helpless and oppressed victim: as long as that helpless and oppressed victim isn’t a baby having his brains sucked out.  Meanwhile liberals attack conservatives as not caring about the poor, even though – as has already been pointed out – conservatives are in fact FAR more generous than liberals (example 1, example 2).

Liberals continually decry the “rightwing smear machine” even as they have hard-core hate sites such as Moveon.org, Media Matters, and the Daily Kos – which DWARF anything even remotely compatible on the right.   The primary funding comes from documented Nazi collaborator George Soros, an American-sovereignty-undermining trans-nationalist who has made his billions undermining currencies all over the world – including America’s.  And his friends have been just as bad.  And Soros and friends such as Peter Lewis, Steven Bing, and Herbert and Marion Sandler have used their massive fortunes to ensure that NOBODY smears like the left: think “General Betray Us.”

Liberals “interpret” the Constitution to find “penumbras and emanations” that they allege mandate a constitutional and sacred right to abortion on demand, but twist and contort the English language until the 2nd Amendment doesn’t give the people the right to bear arms.

Liberals demand socialized medicine.  Michael Moore made a ton of money demonizing America’s privatized system and claiming that Cuba’s socialized medicine was better; yet when that fat SOB needed heart surgery, he elected to go to Cleveland rather than Cuba.  Even more glaring, Belinda Stronach of the Canadian Parliament opposed even allowing private medicine in Canada; but when she was diagnosed with breast cancer she came to the United States to obtain the very thing she denied her fellow citizens from having.

As to the death penalty for convicted murderers, liberals argue that inserting a hypodermic needle into the vein of a death row inmate constitutes cruel and unusual punishment, yet insist that sucking the  brains out of a viable baby whose head is sticking out of a birth canal is compassionate.

They also say that a 13 year old girl should be able to have an abortion without her parents’ consent, then tell parents that they face jail if they don’t ensure that that same 13 year old girl doesn’t miss school (with attendance being the barometer for public school funding).

Liberals demand that they be able to teach issues such as homosexuality in the guise of open-mindedness and diversity, but come absolutely unglued if any school board so much as suggest that evolution is only a theory rather than a law, let alone present any alternative to evolution whatsoever.

On the subject of evolution as it relates to morality, liberals denounce any dependence on the natural law (grounded in a transcendent Creator God) as the only basis for objective morality, and then impose one utterly subjective moral norm after another.  In so doing, they literally subjective natural law and objectivize their own highly subjective moral preferences.

Liberals demand that all children go to government schools and fight any effort to provide vouchers to parents, and then send their own children to private schools.  For all of liberals’ indignant outrage concerning “the children,” the fact is that the teachers’ unions are far more important than the education of children.   Barack Obama ensured that children like Marquis Greene couldn’t go to his daughters’ Sidwell Friends School.

Liberals take private jets to denounce people for being polluters.

Liberals claim that whether the Antarctic ice sheet grows or whether it shrinks, it still proves global warming.

Liberals lampooned President Bush for his verbal gaffes, and yet idolize the “sublime speaking ability” of a man who can’t so much as say, “Good morning” without reading from a teleprompter screen.  Barack Obama has already used his teleprompter FAR more in just his first 100 days than George Bush did in his entire 8 year term.

Liberals repeatedly (falsely) claimed that Jefferson said “Dissent is the highest form of patriotism” when conservatives attacked their lack of patriotism.  They were terribly upset with any insinuation that they might be unpatriotic – because when Senate Majority Leader Harry Reid proclaimed defeat in Iraq (QUOTE: “I believe that this war is lost” UNQUOTE) even as our troops were in the field fighting to prevail, he was surrendering as a “patriot.”  And when John Murtha proclaimed Marines who turned out to be innocent of murderous war crimes in Haditha, his demonization of our Marines was “patriotic.” Now, of course, Democrats are all over themselves labeling Republican opposition to their socialist agenda as “unpatriotic.”

As for liberals’ view on patriotism, sometimes a picture is worth a thousand words – when that picture is a cartoon drawn by Ted Rall:

ted-rall-hate-military-cartoon

Let’s see: racial hatred directed at white males.  Check.  Cynicism of the patriotism that would make a young man fight for his country.  Check.  Mockery of religion.  Check.  Contempt for America as a country of suicide bombers.  Check.

Or another liberal cartoon.  America as viewed through the warped lenses of the liberal New York Times: the Statue of Liberty swinging a whip at the poor, tired, huddled masses.

statue-of-liberty_whip_ny-times

As liberals now demand that conservatives stop using “their move,” realize that they will NEVER stop using it themselves.  It is simply who they are.  So we might as well sick their own dog on them – and let us make sure that dog is foaming at the mouth when it bites them back.


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