Rantings and tirades of a frustrated economist.
I've given up with people who think like this - they simply cannot be reasoned with. 99% of them are not interested in the long term effects but are only reacting to some base anger and bitterness which they cloak in 'caring for the poor' or some such. If you point out the obvious consequences a typical response is "I don't care, I just want people to pay their fair share"These are not just irrational statements from otherwise rational people. This is irrationality from the irrational. It's greed, stupidity, pomposity, and arrogance as a creed.Forget them.
Aside from which the richest 2% are already paying a lot both in Absolute and relative amounts....AND last I read even if you outright confiscated ( never mind tax) all the wealth of the top 10% you would get to where we need to be.
Well, taxing the rich is working for California and New Jersey, right? :LOL:
All that needs to be perfect is for it to be followed by a commercial for Florida real estate.
"The Rich" already pay almost all of the taxes.http://www.ntu.org/tax-basics/who-pays-income-taxes.html
I watched the CNN Republican debate in NH. Tim Pawlenty has a target of 5% GDP growth for the next decade. Ron Paul got on board and said yes, 5%, 10%, 15% is what is needed and these are good targets.Denninger lambasted Pawlenty's folly on his recent blogcast.WTF? How does a unrealistic unachievable target make any sense. I have to laugh. These guys have no clue. The social fabric, entitlement mentality, huge debt preclude this. The "tax the rich" is just as silly.One positive point (the only one) was Ron Paul said marriage should not be the domain of the state and should be solely defined and governed by the church. This point was ignored. No one else chimed in, but this is the most important thing that must be done. The divorce industry and fatherless children make economic growth impossible now and in the future because of the messed up children becoming adults.Not one candidate has the insight or the balls to say and do what it will take. Therefore the path will be collapse/decline until people wake up and reverse the erosion/decay of our society.
Tax Theri Chest? Sounds like a porn site to me.
What happens when they become the richest 2%?
Those ads are so deceitful. The last budget was $30 billion. If you add the $2 billion in porkulus spending, your at $32 billion. The Republicans passed a $34 billion budget. That's a 13% or 6% increase respectively. Yet somehow the government employee's union and the Dayton family riches funded Al-LIE-ance for a Better MM calls the budget a drastic cut.
This is the oldest play in the Marxist playbook.The real problem here is that the "Richest 2%" is really only the top 2% of INCOME.In other words, it targets the productive businesses and active income earners and identifies them as "the evil rich."There is most certainly an evil rich, and they have an army of tax accountants and attorneys who minimize the reportable "income" and hide the wealth's money on shelters, off shore accounts and non-profits and trust foundations.These REAL evil rich fuckers laugh all the way to the bank at any tax increase on the "top 2%" of income earners. That just keeps the upper-middle classes and more successful business ventures from encroaching on the very real power and wealth of the true financial elite.Anyone that supports "taxing the rich" is simply a useful idiot for the power elite.
What do you expect from communist union thugs reliant upon the taxpayer for their well-being?We're greedy because we want to keep some of the money we have earned, yet they're not greedy even though they haven't had to take a pay freeze or cuts in benefits.BTW, I'm not one of the rich, but I understand that these thugs won't stop at the rich, if they had their way, we'd all be paying more taxes.F*** them. If they don't like it, maybe they can go to work for the State of Wisconsin. heheheI'm sure most thinking Minnesotans who actually pay taxes will see right through that bullshit.I'll go ahead and call/e-mail my state rep and state senator - I'll tell them to roll over the unionistas and the Governor. Don't budge a bit.
My speakers were turned off so I watched video the first time with no sound. The occupations of the people in the video are what I noticed.CaregiverHighway Maintenance WorkerLibrarianEducations AdviserProbation & Parole OfficerCorrections OfficerAll of these people make their living off of the peoples taxes (Steve Miller Reference)either directly or indirectly. Just an observation.
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