Posted by
rycK on Tuesday, January 13, 2009 5:23:30 PM
Herbert of the NYT Tells Us He Knows “Where the
Money Is.” He Wants Some More Taxes.
We are
always excited to be educated by political theorizing that is used at face value as ‘thinking’ at the New
York Times—aka the Walter Duranty Papers. Bob Herbert,
in today’s article in the soon-t0-be-bankrupt Times reshuffles his authorized
stack of soiled clichés and ‘teaches’ us all about where the money is
and calls for new ways that our money to be shoveled into sacred leftist
causes. Whatever happens in the economy, the liberals always need to express
their primeval urge to raise taxes and increase spending and the size of
government. We already knew that, so here comes an0ther dose wrapped in sad
stories, egalitarian logic and Marxian theory.
The pitch for our loot:
“…a trillion here, a trillion there
...President-elect Barack Obama is warning us to expect trillion-dollar budget deficits “for
years to come.”-- Where the Money Is By Bob Herbert Op-Ed
Columnist Published: January 12, 2009 [Emphasis is mine in
all quotes.][All quotes are from this link in this essay today unless otherwise
indicated.]
That is
one way to soak the taxpayers. The low class does not
have to pay taxes as they are below the income median. The upper
half pays 96% of the total federal tax load. Note, also, that the unfunded
mandates of goodies like Social Security are a tax liability for the taxpayers
too. Didn’t we hear the liberals moan about Bush deficits? Spending is
sanctified now that liberals get the steer the loot into their stalls. Do the liberals realize we have a 34 trillion
dollar tax liability Social Security? Pelosi thought it was solvent until 2052.
Herbert proposes a tax on equity
trading.
““It raises money in a way that comes
primarily at the expense of
speculation,” said Mr. Baker.
“The fees would be a considerable expense for someone who is buying futures, or
a stock, or any asset at 2 o’clock and
then selling it at 3. The more you trade, the more you pay.
“For the typical person holding stock, who is planning to
hold it for a long period of time, paying the quarter of one percent on a trade
is just not that big a deal.”
“Incredibly,
President Bush and Congress cut taxes in wartime,
which is insane.”
Incredibly, the small business owner’s benefit from such tax cuts
and hiking taxes on them will result in lower employment. A stock transfer tax,
again, would only affect those who provide investment capital to business and
industry. We can expect that a liberal who services the 19th
nostrums about capitalism would lubricate this tax hike platitude with
tautological tedium.
“If none of that is true, we
should start looking now for some real money
somewhere. A stock transfer tax is not a bad place to start.”
Herbert overloads his meager neuronal circuits and probably his
trusses as well as he is tempted to call for an outright confiscation of
current wealth, which runs about 57 trillion dollars[some real money] and essentially none of
that resides in the low class. We have
probably 10 trillion in IRAs alone. The marginal propensity to save is zero for
most of Herbert’s constituents. Hence, to provide an analysis of this:
[1] Investors who are incorporated do NOT pay taxes of any kind as
they merely add on taxes and fees as business expenses to the price of services
and goods so any fees of this type will be passed along, as the old platitude
goes, to the consumer. Their only ‘tax’ is when they pay income taxes on salaries
taken from the business or take loses in business ventures, and most of that is
deductible.
[2] Increasing costs for capital providers provides fewer jobs and
the low class pay for this with unemployment.
[3] Those persons who do not fill out W2 forms can find ways to
forestall or avoid taxes and also risks when the tax mongers are in high heat. Many
capitalists will just sit out the next two years, enjoy during the recession as
prices fall, and recalculate their business and investment plans for 2010 after
the next election.
The liberal plans to rescue the economy with higher taxes are clearly not the way as FDR and Hoover showed us. The liberal’s fanciful nostrum of going into terminal
debt with massive new spending and huge deficits to combat a debt-induced deflationary spiral is also lunacy, but
the liberals could care less.
Paying a quarter of a
dollar on a joint of weed is just not that big a deal either or may be 50 cents
for a fresh needle in an exchange fee. The drug-besotted, criminal and
welfare-subsidized low class pays essentially nothing for their handouts other
than to vote for Democrats at the urging of people like Bob Herbert. Illegal
aliens get a better deal for their votes as they can avoid taxes by stealing
social security numbers and forging documents and not filing income tax
returns. This is how California became such a
pinnacle of liberalism.
Liberalism is a
failure and everybody knows that and little people like Bob Herbert are
enlisted to grunt and glubber for more and more and more money in the form of
taxes on somebody else. They have not plan for society other than to produce
more remarkable cities like New Orleans, Detroit or Oakland. The ongoing harangue about higher and higher
taxes will only drive investors and business owners away from our country as we
now will have the highest corporate tax rate in the world. That will result in
stagflation and the liberals know that.
Let us just sit out
this next two years, let the liberals crash and muddle their chance and let
them lose in Congress. This will be less costly than trying to fight Washington on the tax and
business issues and will save us all money in the long term. We should also be
very careful how we spend our money as well and avoid liberal business and
phony projects like ‘green’ products and services. The average earth’s surface
temperature is falling and we risk running low on energy and the decrease in
the global temperature will make the liberals look like the fools that they
really are.
Take a time out and let the liberal fools crash and take
the political heat for failure.
rycK
Comments
to: ryckki@gmail.com