Posts Tagged ‘cigarrette taxes’

We Tax Cigarettes To Encourage Smokers To Quit; So Why Do We Tax Investment Again?

September 27, 2011

There is a strange species of vermin otherwise known as liberal rich people.  They keep saying things like “please raise my taxes” even as 1) they can pay more in taxes any time they WANT if they were actually honest or sincere; and 2) even as they are simultaneously trying to welch on the taxes they already OWE that were accrued at a lower rate.

Personally, I have never understood how liberals skulls do not explode from trying to contain all the massive contradictions.  Other than the fact that they are hypocrite liars without shame.

I pointed out the following recently after Warren Buffett deceitfully made a big phony public show claiming “I want to pay more taxes”:

Allow me to add Warren Buffett to the VERY partial list of liberal frauds who inhabit Barack Obama’s orbit of prodigious hypocrisy:

And, of course, Democrats who lecture us on “paying our fair share” while they either welch on their debts, refuse to contribute to charity, cheat on their taxes, or all damn three are a dime a dozen. Let’s have a few prominent examples: Bill and Hillary Clinton, who have largely welched on Hillary’s campaign debts. There’s Charlie Rangel, the man who chaired the committee that wrote the tax laws while not bothering to pay his own damn taxes. There’s “Turbo Tax” Timothy Geithner, the man in charge of the Treasury and I.R.S. who didn’t bother to pay his own taxes. There’s former Democrat candidate for president John Kerry, a millionaire, who tried to wriggle away like the worm he is from paying the taxes he should have paid on his yacht. There’s Kerry’s wife and fellow Democrat Teresa Heinz-Kerry, who in spite of inheriting the Heinz fortune actually pays less in taxes than the median American family. And then there’s a bunch of more garden variety cockroach Democrats such as Eric Holder, Tom Daschle, Bill Richardson, and Claire McCaskill. And the vile putrid bunch of Democrats running Bell, California.

These aren’t rich people who want to pay more in taxes; these are liberal elites who want YOU to pay more in taxes because they want to live off a government that keeps growing in size and in power.

Meanwhile, jobs get treated like cancer in the sense that we tax investment the way we tax cigarettes:

Republicans in Silicon Valley explain why rich guys shouldn’t pay more taxes
Posted By: Joe Garofoli | Sep 26 at 8:20 pm

A key moment in the dueling Obama-House Republican visit to Silicon Valley Monday was when the wealthy, retired-early Google exec told President Obama to raise his taxes. Yes, you read that right.

“I don’t have a job, but that’s because I’ve been lucky enough to live in Silicon Valley for a while and work for a small startup down the street here that did quite well. So I’m unemployed by choice. My question is would you please raise my taxes?

“I would like very much to have the country to continue to invest in things like Pell Grants and infrastructure and job training programs that made it possible for me to get to where I am. And it kills me to see Congress not supporting the expiration of the tax cuts that have been benefiting so many of us for so long. I think that needs to change, and I hope that you will stay strong in doing that.”

After he was done meeting with Facebook CEO Mark Zuckerberg for an hour Monday after the FB event, we chatted with GOP Whip, Rep. Kevin McCarthy for a bit. Kevin is a self-described Bakersfield guy from the other side of tracks (and a family full of Democrats). So why shouldn’t wealthy guys pay more taxes?

“You know that small businesses are the greatest creators of jobs,” McCarthy said. Between 2001-2007, he said, “if you had a company of 500 people or fewer, you added 7 million jobs. If you had 500 or more, you lost a million. The way that small businesses are run, (those kind of tax increases) punishes them.”

And 60 percent of those small businesses, he said, were five years old or younger. But the former entrepreneur said it is a lot harder to start a small business now.

Plus, McCarthy said, “Would you be willing to give a company more money if they didn’t have a budget? We haven’t had a budget passed out of the Senate in two years.”

On Monday at his LinkedIn event, the President contended that “we’ve cut taxes about 16 times since I’ve been in office for small businesses.”

Rep. Paul Ryan told me Monday he wasn’t sure where Obama was getting those numbers. And the White House hasn’t responded to a question about where he pulled those numbers from.

“They’d probably be small nickel-and-dime policies,” Ryan told us. If Obama was talking about “temporary tax rebates, they are a poor substitute for permanently high taxes….” they give small business owners “tremendous uncertainty.”

Ryan’s a small town Wisconsin guy. (Folks very near and dear to our heart.) But he doesn’t think taxing millionaires is the answer, either.

“The reason we tax cigarettes in this country is to get people to stop smoking,” he told us. “If you tax capital more, you get less capital. If you tax job-creators more, you get fewer jobs.”

If the rich guy at the Obama event was referring to taxing his capital gains income, that’s not economically smart to tax, either, Ryan said. “That’s the seed corn for economy, which gets invested in entrepreneurs and start-ups and small businesses.” Raising taxes would cut that supply off at a critical time — when banks aren’t loaning to small businesses as much.

McCarthy said the Silicon Valley visit wasn’t just a way for the top GOPers to suck up to Valley types — and, more important, their wallets. (A job which Obama and fellow Dems have become quiet adept at.) Even though, yes, Cantor had a fundraiser while in town.

“We’re not going on personality, we’re going on policy,” McCarthy said. “For too long, Obama’s Adminstration has been about politics and not policy. So we have no fear about going in and talking about our policy.”

I’m still searching for the poor guy who creates all the jobs.  So far I haven’t found him yet.  Please let me know if you run into him.

Until then, I’ll continue looking to the men and women Democrats hate and attack for all the job creation.  And I’ll figure that job creation will start occurring shortly after Obama and his liberal thugs in Congress are out of power.

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