Daily Archives: November 27, 2011

Democrats Brand New Plan: Raise Taxes On Rich, No Spending Cuts

Say hello to the new Democratic plan, same as the old the Democratic plan

So the new Democratic plan, as laid out by resident scumbag Chuck Schumer is to raise taxes on the rich and cut nothing.  I’m glad the Democrats aren’t a broken record that have only one policy, but rather embrace a myriad of different ways to improve the economy and never stick to a plan after it has already failed the last 100 times it was tried. 

 

Senator Schumer, who has never met a tax hike or Constitutional violation he didn’t like  is suggesting this new tax hike on millionaires to offset the cost of continuing the tax break on the payroll tax we have all enjoyed for the last year.

And you know what, I like the payroll tax break.  Better that I get to keep my money than it goes to the Social Security system where it is guaranteed that I will never see it again.  I’m kind of like that; I prefer my money to remain in my wallet instead of the wallets of highway robbers.  I guess I’m just greedy.

But how about this we don’t need to raise taxes on anyone.  Do you know why?  Well first because Schumer’s tax those who make more than a million a year plan is just laughable.  You could tax everyone in the country who makes more than a million a year and still not have enough to shore up social security.

Let’s take a look. [2006 figures]  U.S. Census figures don’t list go above $250,000 a year but let’s use that.  After all $250,000 a year is rich and those bastards deserve to have everything taken from them anyway.  So there are 2.2 million households with an income of $250K or higher (There are 116 million households so this group is about the top 2% of the number of households).   The whole group has an average income of $448,687 (which if you take the time to think about it means most of them are below the million dollar mark, but they’re still evil rich bastards).  So the total income for this group is 987.1 Billion dollars.  So if Chuck put an additional 10% on their income that would yield 98.7 Billion next year.

 

But that won’t solve much.  You see Social Security was already taking in 29 Billion less than it was spending in March of 2010then in December of 2010 Obama signed the 2% Payroll tax holiday for a year, which is what Schumer wants to save.  That saved Americans about $100 Billion that wasn’t sent to the thieves at Social Security.  Oh wait, we were already spending more than we were taking in, then we cut income by a $100,000,000,000.00.  Hmmm and if Chuck got a 10% hike on everyone at $250,000 or more that would supply 99 Billion.

But Chuck only wants to tax those making over a million.  Which, since they’re a small portion of that top 2% means the tax rate will have to be even higher to make up the difference.  So we’re at what, a 20% increase?  30%?  And you’re still not making up for the initial $29 Billion shortfall that we started with before the payroll tax cut.

And let us not forget the baby boomers are starting to retire.  A massive generation of losers who expect to be taken care of.  Yeah I’m sure that won’t jack up costs.

And I’m sure a 30% tax increase on income won’t possibly slow down the economy at all.  No, not at all.

And it’s even more ridiculous as most people who make over a million a year make it through investments which is an entirely different type of income than the type Schumer is talking about.  So don’t worry Warren Buffet, your Democratic pals aren’t coming after a single cent of your income.

How about this, Chuck.  Instead of your plan which won’t work and is only there to stir up the class warfare, how about a plan that works.

If you’re on Social Security right now, you’re taking a 10% cut in benefits.  If you’re going on it in the next 3 years you’re taking a 15% cut.  If you’re not retiring in the next three years, guess what you’re really not retiring in the next three years because we’re raising the retirement age from 67 to 71…and look forward a 20% cut in benefits.  And if you’re under 50 right now you’re retirement age is 75 and a 25% cut in benefits.  This will get costs in line.

And then we should lower benefits for everyone 45 or younger even further but offer these people a privatized system that is self sustaining and not a ponzi-scheme like entitlement program.
But that would actually work.  And Chuck Schumer isn’t interested in things that work…he’s interested in things that get him and his ilk elected so they can be exempt from all payroll taxes and all insider trading laws.

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Filed under Budget, Capitalism, Congress, Conservative, Constitution, Debt, Economics, Election 2012, Evils of Liberalism, GOP, Government is corrupt, Laws the GOP should pass, liberal arrogance, Long Term Thinking, People Are Stupid, politics, Social Security, Taxes, Tea Party, Unjust legislation, Welfare

European Economic Crisis Highlights an Increasingly Important Reason to Oppose Gun Control

International Liberty

About a year ago, I spoke at a conference in Europe that attracted a lot of very rich people from all over the continent, as well as a lot of people who manage money for high-net-worth individuals.

What made this conference remarkable was not the presentations, though they were generally quite interesting. The stunning part of the conference was learning – as part of casual conversation during breaks, meals, and other socializing time – how many rich people are planning for the eventual collapse of European society.

Not stagnation. Not gradual decline. Collapse.

As in riots, social disarray, plundering, and chaos. A non-trivial number of these people think the rioting in places such as Greece and England is just the tip of the iceberg, and they have plans – if bad things begin to happen – to escape to jurisdictions ranging from Australia to Costa Rica (several of them remarked…

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Pagans are not doing themselves any favors…

So there is a new site for pagans, witches, druids, and other “Earth-based” religions to worship at at the Air Force Academy in Colorado.

I have no problem with this.  I personally don’t see the need for a particular place to worship as I find God to be everywhere equally, but I understand how some need a church, synagogue, temple or outdoor “worship center” and prefer a particular place to practice their spirituality.

I do however have a problem with the L.A. Times stating that pagans are “followers of an ancient religion that generally does not worship a single god.”  Depends on your Pagan.  However, most of those who worship multiple deities by name would probably argue that there is a central single force behind all of those gods.  Judeo-Christians call them angels, Pagans call them gods.  You say to-may-to I say to-mah-to.  But the L.A. Times has often been a paper full of idiots, so this isn’t a major point.

What I do find a major point is that it cost $80,000.  Are you insane?  Look at it.

I could have a house with more square-footage built for $80,000

It’s some stones and concrete.  A few bricks.  They’re in goddamn Colorado the whole thing is nothing but stone.  That means they should only have had to pay for the concrete and the bricks.  That’s maybe a $1,000.  And then there’s the work hours.  First off, the pagan students at the Air Force Academy should have volunteered their weekends to put this together…and the more open-minded Christians should have helped.  But if you have to get outside workers, low bid the thing.  That’s maybe a couple thousand more if you do it right.  That’s maybe another 4 grand…20 if you have to hire useless union workers.   It should not have cost more than $5,000 to put something like that together…and even with all the absolute bullshit and waste of government spending that should not have cost more than $40,000….but look at that.  Eighty Thousand.  Are you kidding me.

This isn’t a story about pagans, if it was it would be very boring.  This is a story about government waste.  And the pagan students are not doing themselves any favors by allowing themselves to be tied to this travesty.

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Filed under Budget, Capitalism, Debt, Economics, Faith, First Amendment, Government is useless, New Age, politics, Prayer, Religion, Spirituality, Taxes, Unions