printThe execrable bunch that convened to Meet The Press on Sunday carried out a conversation about the irresponsible Republikeynesians’ tax policy.
Against the Republikeynesians, moderator DAVID GREGORY argued that “if you’re concerned, as Republicans say they are, about cutting spending and the deficit, you have to acknowledge that tax cuts are not paid for.”
“It’s still borrowed money,” contended Gregory, paraphrasing the Great Inflater, ALAN GREENSPAN.
Other than meekly pointing out that the problem we have is a problem of spending, Mitch McConnel, being a Republican, made various weak appeals such as that “if you push this economy further backward, we’ll get less revenue for the government, not more.” And “raising taxes in the middle of a recession on the major job generator in America, small business, is a very, very bad idea.”
TAXES ARE STOLEN PROPERTY. A tax cut, especially to high income earners who pay most of the taxes, is a return of stolen goods. To say that you need to “pay for tax cuts,” as Gregory does, is akin to a thief saying he can’t return the TV he just stole until he is in a better financial position.
On the other hand, “taxation hits the pocketbook directly; government’s borrowing and counterfeiting does so indirectly—it devalues Joe the Plumber’s labor, assets, purchasing power, and savings. Unaware of how he’s being ground down, Generic Joe keeps on consuming until he crashes.”
UPDATE (Aug. 24): “Arguing for higher taxes for the rich” is tantamount to arguing for a transfer of wealth from those who pay taxes to those who habitually consume them. It’s always an election-winning strategy given that the last group outnumbers the first. Ask Germany’s Chancellor Angela Merkel.
Reuters: “Thousands have taken to the streets this summer to demonstrate against plans by Merkel’s center-right government to cut billions of euros in spending on the unemployed without imposing a similar burden on the other end of society.”
Come again? Does the correspondent mean to imply that the pain of doing without as much welfare as before is on par with having to fork out for it (without being entitled to it?)
In mobocracy, some are more equal than others.
Want proof that, the world over, “Statism begins With YOU”?
“Surveys indicate that if a national vote were held now, the opposition would crush Merkel and her allies, whose coalition lost its majority in the upper house of parliament after defeat in a regional election in May.”
Speaking of statism, HERE AT HOME, the booboisie want their “runny egg yolks for mopping up with toast” better monitored by Big Daddy.
A salmonella outbreak, and “the largest egg recall that has happened in recent history,” simply show that the fatter the feds the happier egg-scarfing Americans stand to be.
Tax cuts are not paid for? The government can’t “afford” a tax cut? These clowns have the idea that the money is all theirs and they just let us keep a little out of the goodness of their hearts. Wrong, bison breath,the money is ours. The government doesn’t have a holy dispensation to get their hands on it. It’s time the American people, those with cajones and a clear thought process anyway, stand up to the colossus on the Potomac before it grows even more out of control.
I hope the Christian Democrats + Free Democrats push thru all their reforms before the next elections. Sure the socialists can push back some but not all.
Not that it will happen but I like the idea of TARGETED TAX INCREASES.
Calculate your current tax – suppose you owe $ 10,000 for the year. Now you vote for or against the war in Afghanistan. FOR – add $ 1200 as a tax surcharge. (a) If 70% or more votes FOR, then everyone pay the extra tax. (b) If more than 70% vote AGAINST, we leave Afghanistan immediately. (c) If 30% to 70% vote for, then ONLY those who voted in favor continue paying for the war which gets funded at the reduced level. Taxpayers should put THEIR money (not mine!) where their (statist) mouths are!!! Incentivize liberty and thrift!
Repeat the process for agribusiness subsidies, the Department of Education, Housing and Urban Development, foreign aid, welfare, the National Endowment of the Arts/Humanities, PBS, Amtrak, etc. YOU want the garbage, YOU pay for the garbage! Get your grubby deficit/taxing paws off my wallet!
Do not have the gall (chutzpah) to tax/enslave me via currency debasement and inflation. Do not have the gall (chutzpah) to tax/enslave my daughter via debt and compound interest. Pay for your indulgences.
David Gregory vs. Mitch McConnell – BATTLE OF THE STATIST IDIOTS!
“Not that it will happen but I like the idea of TARGETED TAX INCREASES.”
I like this idea and it has inspired one of my own in regards to social security reform. As a baby-boomer approaching retirement myself, I think back upon the 45 years or so I’ve been paying into the system. I recall a war in Korea, a war in Vietnam, the cold war, the war against poverty, the war against drugs, the first Irag war, the second Iraq war, the war in Aghanistan, and the perpetual war against terror. My suggestion is that we come up with some kind of index whereby all such wars will be financed out of the social security trust fund. Each year when we get the statement that shows how much we are going to receive when we retire, it should also itemize the deductions that will be made to pay for all the wars we voted for and/or allowed our politicians to conduct on our behalf.
McConnell needs to be booted immediately. Jim Demint needs to take his place.
I like the TARGETED TAX INCREASE idea too. I could imagine something like your tax return where you are offered a chance to check a box to donate $3 to the Presidential elections. I think if people received an itemized tally of how their tax money was being spent, we’d probably have less wasteful spending.
Of course, under this system those who don’t pay taxes, half the population, would not be eligible to vote.