Liberals care about the poor, the working class, the “little” guy. They care about kids. They care, which is why they want higher taxes on the “rich”. They care about Mother Nature, so they support higher gas prices. They care, so they demand more regulation, more taxation, more government. I had a guy tell me the other day that I should have voted for Obama, because he “cares” about poor people. Hmmm, if the Left cares so much, why do their policies always impact those they “care” so much about? You know, like millions LOSING their employer insurance because of Obamacare? Or the spike in health care premiums because of Obamacare? Or the fact that those with pre-existing conditions might not be helped by Obamacare? Or paying almost $1,000 a year more for gas?
In which I fully agree with Smitty
1 JulSmitty lays down an argument I myself have made and who am I to disagree with Smitty, or with myself?
Progressivism is antithetical to liberty as we know it. The silver liningcrew is attempting to find something good in the Thursday’s whuppin’. And you can re-fight it like a Civil War battle all you like. Whether or not history shows that Roberts gave us the Full Denton doesn’t matter: that’s the decision.
So, instead, let us prove ourselves an exceptional nation. Let’s muster all the patriotic attorneys general, and the great conservative legal minds, and set about saying that a tax is a tax; that godforsaken sacred cow Ponzi scheme known as Social Security is a tax, and send it to the butcher along with ObamaCare.
Who is with me?
Count me in.
France to U.S.: Yes We Can Too!
6 MaySmitty notes that the French voters have voted to double down on Socialism
According to Breitbart, Nicolas the Short has been ousted in favor of Francois Holland. Holland seems to favor:
- raise taxes (including a marginal tax rate for earnings above $1 million to 75%),
- lower retirement age, and
- boost spending levels
Santorum loves him some social engineering
10 JanDon Surber nails it!
Should Republicans follow Rick Santorum’s lead and offer a tax credit to low-wage young men to make them more “marriageable”?
NO.
This is a particularly bad idea that James Taranto identified as “Sexual Socialism,” but then did not really explain why this is such a terrible idea. His argument is that David Brooks of the New York Times thinks this is a good idea, so it must be a bad one. That’s a convincing argument, but let me take it one step further.
This is a lousy idea because it perverts the tax code once again to do some social engineering. Instead of simply collecting taxes to support the government, Congress and the president would use if for behavior modification. We already do $1 trillion worth of socialistic behavior modification by offering tax deductions and tax credits for everything from having a child to what sort of dishwasher you buy. At election time, these are referred to both as “tax loopholes” and as help for the middle class. It depends on whose ox the federal government is subsidizing.
Again, Santorum and his “Social Conservatism” prove my theory that you cannot trust a man wearing a sweater vest. Good Grief!
Picking winners and losers, Santorum style
2 JanI like Rick Santorum, but his support of this type of thing bothers me greatly.
The next piece is his economics section, but while he sounds the same general theme as the other campaigns—too much spending and statism, and the need to cut the size of government—he spends a lot of time talking about his proposal to eliminate the corporate tax on manufacturing. The reason we need to give special status to manufacturing, he says, is that the sector is fungible. Goods can be produced anywhere, so Santorum believes we need to give those businesses special protection to keep them in America. Captive businesses—my words, not his—can be taxed at the normal rate because, he says, it’s harder to relocate those jobs. Why should florists and restaurants pay corporate taxes but not manufacturers? “Because,” Santorum says, “this restaurant isn’t moving to China, right? The florist isn’t moving to China.”
Hmmm, I must say, we should have one flat, and yes low, rate for all corporations, and individuals, that makes sense. But, giving one industry lower taxes than others is just another way of allowing government to pick winners and losers. Taxes ought never be used to punish, or reward certain behaviors. And the same rule ought to apply to taxing companies.
What Santorum is advocating here is making some businesses pay more corporate taxes than other businesses. Sorry, Senator Santorum, but that stinks, and it is sad that you would support such a policy. Frankly, it seems as if you do not want less government as much as you want the government meddling in ways that you approve of. Andy at Ace of Spades asks the obvious question
Wait. What? Sprinkle the word “green” in there a little and this quote could have come from Obama.
I thought we were against picking winners and losers via the tax code, but it seems that none of our potential candidates can resist it.
I would add here that one candidate does see one tax rate for everyone. Hmmm, who is that? Oh yes, Rick Perry!
Another analysis of Rick Perry’s tax plan
27 OctFrom the Blogmocracy. Read the whole thing, but here is a preview
When reading Rick Perry’s economic plan, it may seem very familiar to you. That’s because it is. For anyone who doubts Perry’s conservative bona fides, a review of this plan should immediately alleviate those fears. This plan is a comprehensive list of the very things we free marketeers have been saying for years. It is also very similar to what has been offered both by Newt Gingrich and Herman Cain. Right off the bat here are my main impressions of the plan, the highlights so to speak. Perry introduces his idea for a flat tax, proposes balancing the budget by statute and by cutting spending. He seeks to eliminate special tax breaks for behaviors approved by government, and a massive roll back of onerous regulation inflicted by a bloated Executive Branch. You may recall that yesterday I came out in favor of Newt Gingrich based on his 21st Century Contract With America, but I also hedged somewhat by stating that any of the Gingrich, Perry, Cain trio would be O.K. with me. With that in mind, I will give Perry’s plan an overall grade of A-. There is room for improvement, but all in all, it is Red Meat for us Conservatives.
TAXATION
Perry starts out by pointing to a little talked about government statistic. It costs American Taxpayers $483 Billion per year to comply legally with our current tax code. Remember that figure for later, it will be important. If you log onto the IRS website, you will see an estimation from the IRS as to what percentage of Americans who pay taxes, in fact overpay. This percentage usually hovers around 90%. According to the IRS’ taxpayer advocate in testimony before congress, this is due to the fact that the tax code has become too complicated for even the IRS to follow anymore.
Personal story:
Last year, I called a CPA on behalf of a client. I asked about a specific deduction a client wished to take. The CPA gave me a negative response, saying, “that’s ridiculous.” The client pressed on, so I called the IRS help line. The IRS told me sure, the deduction is good, and here is the publication that I found that info in. I called the CPA back, feeling somewhat not confident in the info, first being conflicted, and also the IRS’ own disclaimer about their answers not being guaranteed. As it happens, they were both wrong. The CPA, graciously followed up by reading the entire publication and not just the first paragraph, or even only the first sentence as I suspect. As it happens the deduction was allowed, but with very severe caveats. The client was not Warren Buffett, but an average American tax paying citizen.Why does this happen? Over the last decade, there have been 4428 changes in the tax code. There will be 350 changes for 2012. 60% of Americans employ the help of paid professionals to file their personal returns. One mistake Perry makes here is one that I have noticed personally. Many of the professionals hired have no actual training or expertise in tax law or preparation. There are a lot of people who operate tax preparation businesses with no more expertise than the software they purchased at their local book store. While I do not wish to disparage the fine software products being sold, It is not the same as paying for the services of a CPA or an Enrolled Agent.
Perry also points out that the Average Corporate Rate paid in the United States is the second highest rate of any industrialized nation. While most of the other industrialized nations around the globe are lowering their rate of confiscation, our government is seeking to increase our corporate tax rates. Perry has also done his homework and refers to a graph originally produced by Art Laffer. In this particular chart, Laffer pointed to the past, and noticed that no matter what tinkering occurred with the tax code, revenues were consistently around 18% of GDP. Fluctuations in tax rates only served to affect GDP in the long term, while increases or decreases in revenue were only affected by increases or decreases in GDP.
As I said go read the entire piece. This plan, along with Perry’s conservative stances on many other issues, guns, life, energy, small government, States rights, is a big reason I am endorsing Perry for president.
A glimpse at Perry’s economic plan
19 OctImpressive? Yes, and I think he can sell it. If elected could he get it done? A great portion of it? Half of it? All of it? Who knows, but, I like what I see, and look forward to seeing the whole thing
Texas Gov. Rick Perry supports a flat tax, he said, giving a hint Wednesday of what the economic plan he will release “in six days” will look like.
“It starts with scrapping the 3 million words of the tax code, starting over with something simpler: a flat tax,” Perry said at the Western Republican Leadership Conference at the Venetian Hotel in Las Vegas.
“I want to make the tax code so simple that even Timothy Geithner can file his taxes on time,” Perry said, taking a shot at President Obama’s Treasury secretary.
The second part of his plan will be a serious commitment to spending cuts and the passage of a balance budget amendment.
“I will barnstorm this country from day one, going to all fifty states if that’s required, to generate support for a balanced budget amendment that will require — that will demand — the necessary changes be placed in our Constitution and make tough choices year after year,” he said. “We must have a balanced budget amendment to the U.S. Constitution.”
“We must reform entitlements,” Perry added, saying that he would preserve Social Security for today’s retirees and those approaching retirement.
Again, looks promising, but the details need to be examined.
Sometimes a Democrat will let the truth out
7 SepAnd today, I present a video one such Democrat, one who actually speaks the truth about the purpose of punitive taxes that Democrats love so much.
Rep. Brad Sherman, a leftist representing the 27th District of California, admitted to a packed house that the progressive income tax and the estate tax were designed to prevent the wealthy from keeping any wealth they acquire.
Via theblogprof:
There you are my friends. One of the most frustrating things about battling the Left is when fellow Conservatives say “now don’t you call those Democrats Marxists”. Why the Hell not? The ideals espoused by the majority of Democrats today are based largely in the ranting of Marx and Engels. Duane Lester, at the link above shares the words of the two bastards who brought forth Communism
The proletariat will use its political supremacy to wrest, by degree, all capital from the bourgeoisie, to centralise all instruments of production in the hands of the State, i.e., of the proletariat organised as the ruling class; and to increase the total productive forces as rapidly as possible.
Of course, in the beginning, this cannot be effected except by means of despotic inroads on the rights of property, and on the conditions of bourgeois production; by means of measures, therefore, which appear economically insufficient and untenable, but which, in the course of the movement, outstrip themselves, necessitate further inroads upon the old social order, and are unavoidable as a means of entirely revolutionising the mode of production.
These measures will, of course, be different in different countries.
Nevertheless, in most advanced countries, the following will be pretty generally applicable.
1. Abolition of property in land and application of all rents of land to public purposes.
2. A heavy progressive or graduated income tax.
3. Abolition of all rights of inheritance.
4. Confiscation of the property of all emigrants and rebels.
5. Centralisation of credit in the hands of the state, by means of a national bank with State capital and an exclusive monopoly.
6. Centralisation of the means of communication and transport in the hands of the State.
7. Extension of factories and instruments of production owned by the State; the bringing into cultivation of waste-lands, and the improvement of the soil generally in accordance with a common plan.
8. Equal liability of all to work. Establishment of industrial armies, especially for agriculture.
9. Combination of agriculture with manufacturing industries; gradual abolition of all the distinction between town and country by a more equable distribution of the populace over the country.
10. Free education for all children in public schools. Abolition of children’s factory labour in its present form. Combination of education with industrial production, &c, &c.
Sound familiar?
California is Tax Hell!
7 JulNo wonder that state is in the economic outhouse!
These are our state’s tax rates, according to the Retirement Living Information Center. Keep in mind many more taxes may be headed our way to close the current budget deficit.
1. Sales Taxes: Tax: 8.25%-10.5% (Some food and prescription drugs exempt.)
2. Gasoline Tax: at 46.6 cents/gallon: some localities include an additional one cent per gallon.
3. Diesel Fuel Tax: at least 48.7 cents/gallon
4. Personal Income Taxes: 1.25%-9.55%. In 2010 the state enacted a 0.25 percentage point increase in each income tax bracket. A tax credit for dependents was reduced from $309 to $98.5. Retirement Income Taxes: Social Security and Railroad Retirement benefits are exempt, but we have a 2.5% tax on early distributions and qualified pensions. All private, local, state and federal pensions are fully taxed.
6. Property Taxes are assessed at 100% cash value of the property. The maximum amount of tax on real estate is limited to 1% of the full cash value. Under the homestead program, the first $7,000 of the full value of a homeowner’s dwelling is exempt. The Franchise Tax Board’s Homeowner Assistance program, which provided property tax relief to persons who were blind, disabled, or at least 62 years old, and met certain minimum annual income thresholds, has been halted. The state budgets approved for the 2008/2009 and 2009/2010 fiscal years deleted funding for this Homeowner and Renter Assistance Program that once provided cash reimbursement of a portion of the property taxes that residents paid on their home.
7. Inheritance and Estate Taxes: There is no inheritance tax. However, there is a limited California estate tax related to federal estate tax collection.
Hey Libs, make up your minds
29 JunQuite a quandary the Left faces over tax hikes. They want more revenues, so they can spend more on entitlements. They love higher taxes because it soothes their perverse desire for “fairness”, AKA wealth redistribution. But higher taxes, DECREASE revenues. so what is a Lib to do? Silver Fiddle explores this dilemma
Big government statists make the common mistake of confusing taxes and revenue. They are not the same thing
Taxes are an assessment by government on your earnings. Revenue is the money flowing to the US treasury as a result of taxation. There is not a direct correlation between the two. In fact, government data shows that often it is an inverse relationship.
Liberal Nostalgia
Poor liberals, staggering blindly around Left and Right Blogistan, suffering under the crack-brained theories of a Robert Reich or Rachel Maddow, parroting nonsensical “theories.” The latest shiny ideological bauble that has enraptured Left Blogistanis is the idea that government can restore fiscal sanity by returning to the sky high tax rates of the 1950′s.
Why 70% Tax rates won’t work
…and this is what Mr. Reich and his friends always fail to mention—the individual income tax actually brought in less revenue when the highest tax rate was 70% to 91% than it did when the highest tax rate was 28%.
President John F. Kennedy’s across-the-board tax cuts reduced the lowest and highest tax rates to 14% and 70% respectively after 1964, yet revenues (after excluding the 5%-10% surtaxes of 1969-70) rose to 8% of GDP.
President Reagan’s across-the-board tax cuts further reduced the lowest and highest tax rates to 11% and 50%, yet revenues rose again to 8.3% of GDP. The 1986 tax reform slashed the top tax rate to 28%, yet revenues dipped trivially to 8.1% of GDP. (WSJ – Alan Reynolds)
Poor Libs, reality keeps getting in the way of their feelings.
Then the taxman came for lap dances
11 JunFurther proof that government will tax everything
ALBANY, N.Y. (AP) — A New York court says getting a lap dance isn’t the same as taking in a ballet, so an alcohol-free strip club will have to pay the tax man.
Four Appellate Division justices agree with a decision by a state tax appeals commission that says dances onstage or in private rooms at a suburban Albany juice bar don’t qualify for a tax exemption as “dramatic or musical arts performances.”
The court says that among other reasons, the dancers aren’t even required to have any formal dance training.
The case involves 677 New Loudon Corp., doing business as Nite Moves, and a tax bill of nearly $125,000 plus interest the state says it owes on lap dances and admission fees.