In April I spoke about taxing the rich. Basically, you can’t tax ’em enough.
But for fun, let’s try; the highlights:
- The deficit is $1.5 trillion.
- People making more than $200,000 a year paid $5.3 billion.
- Back out those taxes and the deficit is about $2 trillion.
- People making more than $200,000 a year made, in total, $2.4 trillion.
If you tax the people making more than $200,000 a year at a rate of 100%, you cover the deficit and have $400 billion left over.
You would have to tax every single dime those people made.
At what point would taxing the rich reach the point at which the Leftist would be willing to cut Social Security? Medicaid? Medicare? Unemployment?
If it were me, I’d compromise. I’d offer $1 in tax raises for each $10 in spending cuts.
“Raise taxes on airplanes?” Fair enough, cut spending 10 times that much.
I really enjoy chess. Well, actually, I wish I really enjoyed chess. In reality, I’m a horrible chess player; and I know why.
I think the reason I’m such a poor player is that I’m a “selfish” or “arrogant” player. That is, I assume my opponent will play as I would. Therefore, when I create my strategy and begin to implement it, I fail to take into account that as the board changes, my opponent is going to react and change his behavior.
I’ve never overcome this failing of mine. So I lose.
And because I lose, I rarely play.
I can take heart that others face the same challenges. However, that comfort can also cause great concern.
It’s no secret, the hard makes the great.
This is true in sports, in business and in baseball.
That it wouldn’t be equally so in governing is silly. Look, do I want people to do the right thing? Of course. Do I want money to flow from those that have to those that need? Yes. Is it hard to manage a group of people into doing that right thing? Without a doubt. Would it be easier to just pass a law? For sure.
But there can be little doubt that a group of people voting that property be transferred from one to another is as tyrannical as a feudal king simply taking it.
Liberty is tough; but the tough is what makes it great. Demonstrated here via
Ahh…to be 20 again, right? And do all that crazy shit that people in their 20s do?
Remember all the things that you thought were true back then?
“Adults” didn’t “get it”. They weren’t hip. The new generation was gonna change, ’cause everything was changin’.
And then you kinda grew up.
I know, I did it. I used to be that long haired hippie dude with the ear-ring. I used to go down to Mexico and build homes for immigrants trying to cross the border. I used to support legalizing pot.
Greece is in trouble.
Of course, this is what happens when you tax and tax and tax all the while believing that government won’t spend and spend and spend.
In the end, people don’t see the expenditures as a method to deal with a short-term crisis or as a stimulus; they see it as an entitlement. These people literally feel it is their ‘effin birthright to be be born, work a little while, and then retire to a life of luxury at the ripe old age of 52.
Vacations and wine for everyone!
Well, when the excess of the Leftist rears its ugly hangover, this is what you get:
(Reuters) – Greek riot police with teargas and batons fought hooded youths near parliament on Tuesday as violence broke out at a rally against anti-austerity measures international lenders have demanded from the Athens government.
With Greece on the edge of bankruptcy, parliament is due to vote this week on a package of spending cuts, tax increases and privatizations agreed as part of a massive bailout aimed at averting the euro zone’s first default.
In the face of massive default, they can’t let go the concept that they don’t own what they didn’t earn.
Lord help us!
I’ve done some work on the Middle Class. One of the things I’ve learned is that “The Middle Class” isn’t what people think it is. Virtually everyone feels they are middle class. Literally, virtually everyone thinks that.
How can that be?
I think it’s because we tend to think of the middle class as a state of mind rather than a set group of people. A mindset rather than a demographic.
I think we see and think of the rich as those folks who are “stoopid rich”. People that are able to afford jet planes and mansions. People who have yachts and commercials and just have $MONEY$!
We see middle class as having the ability to continue to climb the income ladder. Especially important in this classification is the ability to allow your children to have it better than you do.
So, if you’re not “stoopid rich” AND you continue to gather wealth, you are middle class.