During the campaign just concluded not one month ago, much discussion happened, and was not paid attention to, as to how to deal with our budgetary problems. During one of the nationally televised debates, Barack Obama stated, as a mater of fact, that sequestration would not happen. So, here we are today, and Barack Obama has yet to propose or listen to, any serious ideas on how to deal with things. He, and the Democrats want what they have termed as a balanced approach, which means to increase the reckless spending, increase our taxes, lie to us about cutting spending at some future date, and lie to us about cutting our taxes. It won’t cut our deficit or reduce our debt, but it will have the virtue of laying further waste to our floundering economy and growing an already out of control federal behemoth in both size and scope.
During the last six months, and indeed during the Democrat National Convention, we have heard from some of America’s wealthiest corporate leaders, who by the way are lumped in with Republicans when vilification is taking place, about how America’s wealthiest 1% would be thrilled to step up to the plate and do the patriotic thing. This form of patriotism of course meant that they would stump for Barack Obama’s plan to increase their taxes, while allowing us to not have to worry about those nasty consequences. The strategy was a resounding success, or so I have been told. The Democrats won the White House, kept control in the Senate and even managed to gain seats there, and lessened their margin of minority in the House.
Americans want the likes of Warren Buffett to pay a higher tax rate, ostensibly to fund their ever increasing basket full of goodies paid for by government largess. A funny thing happened on the way to the capitol however. Immediately after the election, those very same captains of industry that we were admonished to hate as evil greedy causes of all of our ills on one hand, but who simultaneously stumped for their own punishment on the other hand, managed to prove the mechanics behind the Laffer Curve.
Watch the video to see what I’m talking about.
Jim Sinegal, after advocating for increased taxation of the, “rich,” during a keynote speech delivered to the Democrat National Convention, borrowed Millions on behalf of the shareholders of Costco in order to pay a dividend not due until the fiscal quarter ends at the end of January, now. You see, paying the dividend during December of 2012 will carry a smaller tax burden than when it is due to be paid, which normally for Costco would be in February. That is the entire point of the Laffer Curve, and why increasing tax rates will actually generate smaller federal revenues. The, “rich,” simply will take the steps necessary to alter their liabilities through this very type of fiscal maneuvering. It happens every time tax rates are raised, and it happens like clockwork. It happens so faithfully, that economists from Art Laffer to Andrew W. Mellon have been able to correctly identify down almost to the penny what the resultant revenues would be based on adjustments to rates of taxation. One of the Keynesian School’s many flaws in economic theory is the failure to account for changes in human behavior due to various economic stimuli. Another of its many flaws is the failure to realize that just like pain having a function in the human body, it also has an important function in a vibrant economy.
Then of course, there’s the small issue of hypocrisy.
Warren Buffett went on a national tour pimping out his secretary in order to convince us that he deserved to pay more, something closer to his fair share. What he neglected to mention is that he actually owes over a Billion dollars in back taxes and has retained a team of lawyers expressly for the purpose of getting out of paying those taxes that an appeals court has had to tell him on multiple occasions that he in fact must actually pay. Jeffrey Immelt has lead the cheer leading section on every increase in taxation rates and big government largess while utilizing the the loopholes in the tax code so effectively, that his GE profitability behemoth has not paid any tax on her revenue for years. Jim Sinegal, less than a month after winning a political victory in which he personally advocated for an increase in taxation rates pulled a relatively complex maneuver in which he avoided paying Millions in taxes. The legality of his maneuver is somewhere in the grey area of the tax world, and will probably be hashed out at tax payer expense at some later date, during an IRS audit which will receive almost zero press coverage.
At what point in time will we collectively get sick and tired of the elite class advocating for a set of rules designed to help the, “little guy,” and then taking every measure imaginable to exempt themselves from the frightful subsequent consequences of those rules? Citibank today announced a layoff of 4% of her workforce, due to the Obamacare law that she helped to pass through her open promotion and cheer leading. On top of that, Citibank is one of the businesses who received one of the precious waivers exempting her from most of those costs. That should scare the hell out of everyone. The, “rich,” corporate executives and Hollywood entertainers will never have to wait in line like the rest of us for health care due to the already in progress rationing that has not come anywhere near close to getting itself into full swing. Their lifestyles will not be impacted in any material way due to the policies that they have inflicted upon the rest of us. If they were to feel that impact in some way, they’d be the first to scream bloody murder. The recent whining about people downloading movies and music off of the internet without paying the appropriate royalties is the crystal clear example of that fact in action.
It’s far easier for two people to decide the fair share of a third person than it is to follow the laws established in our Constitution. The entire concept of our Constitution somehow growing lungs and becoming a living document has created an environment where irresponsible politicians can hide their malfeasance in flowery language that has made their decades long assault upon our freedoms seem like they were protecting them all along. If they want a 90% tax bracket, so be it, but by golly, those who vote for it should be forced to live with its consequences. When our health care system is destroyed, there ought not be a single private doctor anywhere for Will Ferrell or Demi Moore to hire when they have so much as the sniffles. Those who pushed this off upon the rest of us in the interests of fairness should be subjected to that very same system, it’s only fair.
Cross Posted from Musings of a Mad Conservative.
Elections have consequences. One thing I teach my students is to never allow themselves to be hurt sparing a assailent the just consequences of their actions. I feel that much of the populace voted against the Republicans but are counting on the Republicans to be able to keep the Democrats from doing the dastardly things that they have said that they are going to do. No, I think we should pretty much give the populace the Democrats unchained. Now we know that the natural result of Democrat policies is Detroit or California, but the bulk of the populace appears to believe otherwise. Let them feel the pain of the consequences of their actions. We have to realize that we have no friends at this party. The “rich” (and the really rich especially) voted for Barack Obama mostly. bama took 8 of the 10 wealthiest counties in the country. Now, like Susan Estrich, they are distressed to learn that their taxes will go up. Fuck ‘em! They voted for this.
I’m pondering whether I should revive my Dirty F**kin Communists moniker for Обама and the Demo☭rats…or just stick with Filthy Communist Bastards….
@ Iron Fist:
mornin fist
heh
wonder what dorian thinks about this
Top Marginal Tax Rate Will Exceed 50% in California, New York, and Hawaii in 2013
This paper compares state-by-state estimates of the top marginal effective tax rates (METRs) on wages, interest, dividends, capital gains, and business income for tax year 2012 to the rates scheduled for 2013 under scheduled law. Scheduled tax law for 2013 assumes the expiration of the 2001 and 2003 tax cuts and the new PPACA taxes. Overall, the average top METR on wage income is scheduled to increase by approximately six percentage points (41.8% to 47.8%), while taxes on dividends would increase the greatest (19.0% to 47.9%). The top METRs on wages, dividends, interest, and partnership/sole proprietor income would exceed 50% in California, Hawaii, and New York City.
@ rain of lead:
Morning, h8er! Hey, I think the good people of California need to pay their fair share. If they want to elect a government that spends as much as the State of California spends, they need to pay the taxes to cover that spending. Now, I doubt California’s vauted economy can handle having that much taken out in taxes, but that is not my problem. People elect socialist governments, well they should expect to have to pay for them. Let the people suffer the consequences of their votes, and maybe next time they will vote better.
Speaking of consequences:
You’d think that a staunch gun controller from a staunch gun-controlling state would know better than to try to bring a gun onto a plane. I guess he just forgot he was carrying it (without a permit, since Illinois doesn’t allow permits). This is more proof of the futility of gun control laws. This character clearly considered himself above the laws that he supports for the little people. I wonder if he even legally owned the gun? It is possible, since these politicians get all kinds of exemptions to the laws that govern the plebians.
NROT:
(Not Really Off-Topic) because a big part of our bloated budget goes to supporting illegals:
The illegals vote Democrat (in states with lax registration and ID requirements).
Meanwhile, the Regime is advertising on Mexican TV soap operas, in Mexico, explaining how easy it is to get welfare benefits in America.
But the thing that angers me the most are the chuckle-headed, moronic Republicans on our side who think that the only way we’ll get more votes and stop losing elections is by pandering to the illegals. (I’m talking to you, Jeb Bush).
huh
who knew?
Harry Reid blocks vote on Obama’s fiscal cliff proposal, calls it ‘made up’
(this is the part I like)
Moreover, Reid insisted that the Obama and Geithner’s plan wasn’t even real:
“There is no Geithner proposal. This is all made up,” said Sen. Reid in opposing an attempt by McConnell to put Geithner proposal to a vote.
So Sunday’s TV blitz was nothing?
well, yeah, pretty much
Do tax cuts really work ?
@ Guggi:
What is certain is that without tax cuts the government will blow that money. Look at Obama’s “Stimulus”. That money is gone, and it is just as gone as if we’d blown it on hookers and cocaine. We got nothing substantive out of it.
@ Fritz Katz:
All we gotta do is out dimocrat the dims.
nevermind
Iron Fist wrote:
exactly right…it’s an exercise in futility, like addiction…first the money is gone, then the buzz is gone and you’re right back where you started
@ Iron Fist:
Hey now… if we blew it on hookers and cocaine we would have something. Great memories and an STD. With the stimulus, we have nothing.
MikeA wrote:
Thank God for hookers! I was afraid it was wasted.
@ bluliner10:
As part of Obama’s stimulus one lucky gent got paid $2.6 million to go to China and teach hookers how to drink. That’s the job I need, but the wife would object.
@ rain of lead:
Has Dorian been back since his impolitic “shithole” remarks? That was just weird.
This is what I am afraid of:
Nothing will get through the House unless Boehner really want to make sure that the Republicans are the minority party in 2014, but Obama will do what he can (and he can do a lot with the Senate in Democrat hands) through regulations and executive orders. I don’t know that we can rely on the Roberts Court to block this. So far they’ve said yse , the Second Amendment is an individual right, but they have declined to invalidate any laws that violate it. Even in Heller they didn’t say that DC was totally out of line. And DC has done some insane things to make in still nearly impossible to legally get a gun, and the Court has done nothing. Chicago is pretty much ignoring McDonald, and the Court is doing nothing.
@ Iron Fist:
Bob Costas and Jason Whitlock were unavailable for comment.
OT….Just saw Mike Tyson on Fox & Friends. He seems a man at peace who may well have succeeded in slaying his demons, far and above, the greatest fight of his life. Good for him, it’s satisfying when a story like Tyson’s has a happy ending, they so seldom do -- may he continue to dwell in this good place he finds himself. Bravo, Mike!
@ MikeA:
I favor booze and magazines myself.
@ Carolina Girl:
@ Iron Fist:
To be honest, Obama has been the best thing for gun sales and that is the best stimulus accomplished. I was looking at AR-15 uppers and in some places you are waiting 4+ months. AR-15 lowers are impossible to find at the local gun shops. Being told 3-4 months delay to get one. Weird since I do see them for sale at certain web sites but it goes to show, people are buying.
Some fools at PETA decided to crash a biker gathering to protest their wearing of leather. This is how the police found one of them:
http://fromthetrenchesworldreport.com/peta-crashes-biker-gathering-not-to-be-missed/27275/
@ MikeA:
Indeed -- before Obama was elected, the Flyboy and I could stroll over to the gun dealer near the condo and browse and talk, all very leisurely.
Now you literally have to take a number or make an appointment. One day the owner, while processing a sale, said “Thank you, President Obama!”
MacDuff wrote:
Tyson is a funny guy. He’s has a future in comedy.
Iron Fist wrote:
You expressed my sentiments.
@ Guggi:
It depends on how Tax Cuts are structured. The Bush Tax cuts where a joke and its aim was very Socialist. He took people off the tax payer rolls.
Carolina Girl wrote:
some of the commenters are saying that this never happened -- it was written as satire years ago. Hilarious photo tho.
Carolina Girl wrote:
Bwahhh! That just made me laugh.
Off to work now in a decidedly better mood.
@ eaglesoars:
@ Calo:
Just once, I’d like to see one of these women they attack with red paint for wearing fur pull out a Taser and zap them into a stupor.
Carolina Girl wrote:
I don’t have a taser. Have a S&W .38, tho, would that be ok?
@ eaglesoars:
That would be optimal!
@ eaglesoars:
Works for me. PETA commits an assault after all. But just shoot to wound the little suckers.
@ Carolina Girl:
Never shoot to wound. They will eat you up with that in civil court. If it wasn’t a matter of life or death, you shouldn’t have shot them. Always, always, always shoot to kill, and remember that you were extremely afraid that you would be killed or severely injured.
Carolina Girl wrote:
okey dokey!
@ Iron Fist:
True dat.
Iron Fist wrote:
gut shots can be ‘problematical’.
Not always survivable and you’re shooting at the largest part of the target -- as opposed to aiming for the knee
Jim DeMint just announced he is leaving the Senate to head up the Heritage foundation.
@ Iron Fist:
Yup.
Hot Tuna! DeMint “Stepping Down to Run Heritage Foundation”
From ZIP:
I hope DeMint will give Gov. Haley a recommendation for his successor. This means that BOTH U.S. Senators from South Carolina will be running for election in 2014. However, here’s hoping that the “senior” senator is primaried out.
Looks like the ever-vigilant eaglesoars beat me to it.
@ Carolina Girl:
That’s a big loss for us in the Senate, but IIRC DeMint had kind of self-term limited himself anyway. I don’t really like career politicians, but I hate to see him go.
Carolina Girl wrote:
pfft. Talk radio (Chris Plante) saw it coming over the wires. He’s really good. You can listen to him here.
WMAL internet streams -- Rush comes on at noon, Hannity and 3 pm, and Levin at 6 pm
@ eaglesoars:
Mark Levin often praises Plante’s program on his own show when a WMAL caller comes on. You can also listen to their live stream on iTunes.
@ eaglesoars:
Shoot for the center of mass, and you can’t go wrong. That is how they teach cops and soldiers. You don’t shoot to wound. You shoot to eliminate a threat. That is important for legal considerations as well.
@ Iron Fist:
Well, here’s hoping he knows who should replace him and that Gov. Haley takes his advice. Although I’m sure the RINOs have already started calling her with their suggestions.
@ Carolina Girl:
We have to be careful with this. We saw what happened in Indiana with Murdoch. If Haley takes on Ms. Lindsey, then by all means. But if some Murdoch clone does, here we go again!
Carolina Girl wrote:
Megyn Kelly has him on her show every now and then. The interesting thing about his background is that he worked for CNN at the Pentagon for 10 yrs and he has NO, NONE, ZERO respect for the MSM having lived in the bowels of the beast for so long.
Iron Fist wrote:
I usually just shoot the gun outa their hand, or wing em…I’m generous like that
Rodan wrote:
Most of the time I’d agree with you, but I must say I’ve been impressed with how adamant he’s been re: Susan Rice.
the Syndicate ponders new ways to do business…
http://cnsnews.com/news/article/house-dems-debt-limit-should-be-table
what a laughable bunch of goons running this country…we’re hosed
Carolina Girl wrote:
They truly are idiots aren’t they? Hey let’s go crash that biker gathering…especially those guys that have a 1% on their vests!!!
/most moronic thing ever. I thought it was just plain common sense on some things. Hope Peta doesn’t touch their bikes..oh hell tell them it will win some brownie points for them if they do.
http://nation.foxnews.com/gun-control/2012/12/06/obama-bypassing-congress-guns
Interesting interview on what may be coming from the Obama Administration . They may be going to try to regulate semi- auto firearms under the NFA. That would be bad. I don’t know that we could count on the Court to strike it down.
@ Iron Fist:
No, but Congress can overturn it. The House would, despite the leadership of Johnny No-Balls. Reid would be TOAST in Nevada if he didn’t bring it to a vote in the Senate.
@ eaglesoars:
Byron York has an interesting take -- the House bench for South Carolina is Tim Scott, Joe Wilson, Jeff Duncan, Trey Gowdy, and Mick Mulvaney.
I like Joe Wilson myself. Man has a backbone. Plus, I’d look forward to him saying “YOU LIE” every time Harry opens his trap.
Carolina Girl wrote:
I thought he had decided to not run again??
@ Iron Fist:
Not with that turncoat John Roberts.
Carolina Girl wrote:
Too bad LTC West isn’t from SC. That would cause chafing on old Harry’s part!
@ eaglesoars:
I hadn’t heard that. However, if Harry tries to pick a successor, we can use gun control against them.
@ Tanker:
Residency isn’t a problem if you’re a Democrat -- maybe Republicans should take a leaf out of their book.
I think West is being urged to run in Georgia in 2014.
Carolina Girl wrote:
I sense that not everbody is aware of the fact that 1-That story is several years old, and that 2-It’s not true. Check Snopes.
Carolina Girl wrote:
That would be great also, just wish he would get there yesterday! Everyday there he could cause real pain for the left!
@ Mike C.:
Yes I had first thought it true but came to release it was a joke. My opinion was “That’s all they did?” He was lucky…..funny none the same.
@ Mike C.:
Yeah, eaglesoars had posted already that it was probably a hoax. It was tweeted to me -- but it’s the picture I loved -- since it so illustrates what should happen to those hypocritical little weasels.
Looks like Fauxcahontas needs $400,000 for campaign debt and is soliciting donations.
Forget those White Devil Bell Ringers for the Salvation Army. Give to America’s Favorite Cherokee instead.
New thread.