Comments on: Updated: Tax Credits = Social Engineering (Tax Talk)

By: Gringo Malo

Gringo Malo — Tue, 26 Jan 2010 22:58:20 +0000

Actually, the Democrats might cut income tax rates for the alleged purpose of stimulating the economy, but only for people in lower income brackets who aren’t paying much in income tax anyway. Should the Republicans regain control of Congress, they might cut income tax rates for people who actually pay the lion’s share of the income tax, but will increase rather than decrease the government’s expenditures, judging by their record. Neither the Republicans nor the Democrats will enact a flat tax because members of Congress of both sides of the aisle enjoy using the tax code to tell us how to live. Should the Libertarians win control of Congress, I’ll eat the Capitol Building in one sitting. That’s what I call living in reality.

By: haym

haym — Tue, 26 Jan 2010 19:12:37 +0000

And that is why a smaller government is invariably better than a bigger one.

By: james huggins

james huggins — Tue, 26 Jan 2010 17:54:12 +0000

Scam of the week is certainly to the point. I envision a smoke filled room where administration figures opine that the fat is in the fire because of one thing or another. Therefore they decide to do this that or the other, such as tax credits, or some such folderol, to BS the public and make them think the government is really thinking about them after all. It’s all bull feathers. Beware Greeks bearing gifts and in the case of the federal government beware of creeps bearing gifts. ALWAYS..

By: Steve Hogan

Steve Hogan — Tue, 26 Jan 2010 15:34:51 +0000

Yes, low tax rates for everybody…accompanied by offsetting spending cuts. Borrowing money to pay for lower taxes is nothing more than a deferred tax, paid for by the next generation.

Whatever government we think we need (I wish it would simply vanish) should be paid in full right now. A balanced budget? What’s that?

Kicking the can down the road and living it up now is for cowards and thieves, which, strangely enough, characterizes this administration perfectly.

By: Gringo Malo

Gringo Malo — Tue, 26 Jan 2010 14:40:35 +0000

I submit that a government that issues a fiat currency need not collect any taxes at all. When Uncle Sugar wants to buy something, he just writes a check. Nobody would dare tell him he’s overdrawn.

So really, the sole purpose of the income tax is “social engineering,” which is just another way of saying “Orwellian assertion of power.” If we’re going to have a pointless debate about lowering the tax rates, why not have a pointless debate about abolishing the income tax? Obviously, with Democrats (i.e., Marxists) in control, both debates are equally moot.

[Living in reality is never pointless.]

By: Myron Pauli

Myron Pauli — Tue, 26 Jan 2010 14:11:07 +0000

An interesting aspect about all these tax gimmicks (credits, IRA’s, etc.) is how they favor married couples over single parents. One probably does not notice until one is in the latter position. Ironically, the idiocies of the tax codes makes the best case for gay marriage I can think of. Who put the %^&*@$!! government into the social engineering business in the first place?

By: Shawn

Shawn — Tue, 26 Jan 2010 12:45:01 +0000

“You’d think that BO has perfected the art of robbing Peter to pay Paul, but as he ramps-up for an election season, BO proves once again that he has perfected the art of robbing Peter to pay Paul.”

This sentence seems a bit clunky.

[Ta. moved a clause around; forgot to delete the first iteration. fixed.]

By: Robert Glisson

Robert Glisson — Tue, 26 Jan 2010 04:48:14 +0000

The imagination of the people who are running “the scam of the week” through the White house is amazing. In one year we have seen more ‘smoke and mirrors’ than all the presidents together in the last one hundred years, or have I just lost count. If this administration’s imagination had been put to work productively, there would be a Mars colony already established and every one would be rich with three years optimism left.