Category Archives: Taxes
The house of cards will crash. Call it peak government. The game is up.
If we will not impose discipline on ourselves, the market will do it for us.
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Have you ever seen one of those movies where a car is speeding towards a cliff and just before it heads over the edge the driver jumps out and the car flies into the abyss and maybe crashes and ignites into a ball of flame?
If you haven’t don’t worry, you’re about to live one… and unfortunately for you, you’re not the driver who escapes, you’re a passenger strapped in for the excitement. President Obama is the driver and the way he’s running his campaign, it looks like he’s getting ready to jump… Continue reading
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To all of the leftists out there, it is time for you to take a dose of reality when it comes to tax policy in this country. I’m not just picking on you this time – I’m throwing out a comparable reality check to my libertarian/conservative brethren. For you, it’s time to put to rest one of your favorite solutions to fiscal problems at every level of government – I am of course, referring to raising taxes. Continue reading
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Conservatives, I have a bone to pick with my brethren. It’s over a favorite piece of red meat that politicians like to throw at us, one that we enthusiastically support, and one that will never happen. I am of course, referring to the flat tax. First off, let me be up front about my own views – I favor a flat tax. More specifically, I favor simplifying our tax code. Continue reading
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Obama, during the Democrat Party primary debate, said that he would raise capital gains rates — not because it would increase revenue, but because it was “fair.” During the debate, Obama said, “…I would look at raising the capital gains tax for purposes of fairness.” He continued, “…I also want to make sure is that our tax system is fair….”
The “problem” is that Obama did not define, precisely or otherwise, his definition of “fair.” Continue reading
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Bill Whittle over at Pajamas Media had a great piece in his Afterburner segment this week. Calling statistician William M. Briggs’ “The love of theory is the root of all evil” “The Best Sentence Ever”, Whittle discusses how the love of the theory of Communism caused the deaths of well over 100,000 million people during the 20th century. The crux of his piece is that liberals, living in their world of theory and planning have no clue how the world actually works. Continue reading
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While our president crusades with his unrealistic plan to tax the rich in order to pay for his profligate spending and bring the country back to what now seems like a Capitalist pipe dream of Utopia, the elusive pre-Obama economy. Obama Elites, who are rich, but don’t seem to pay taxes or worry about them, agree with the old Marxist parable, “tax the rich to spread the wealth around,” at least, as long as no one dips into their private accounts. If Obama stays in power, their money is safe, that’s the way his system works. While the public frets over wether Obama is a Statist or a Marxist, because he keeps trying to make the old failed Marxist principles work. Apparently, the Marxists of history didn’t understand how to run a Statist economy or so Obama must reason to keep from being collectively diagnosed as a psychotic, by doing the same experiment repeatedly and expecting a different result.
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Illinois offers us a perfect example of what happens when you institute liberal policies, as Obama has done to the entire country:
After trying to tax Illinois to governmental solvency and economic dynamism, Pat Quinn, a Democrat who has been governor since 2009, now says “our rendezvous with reality has arrived.” Actually, Illinois is still reality-averse, so Americans may soon learn the importance of the freedom to fail in a system of competitive federalism.
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Runaway spending is causing our doom, so why not spend a bit more. This time to pander to the youth in our country:
Obama told the students that since they were born, tuition and fees at colleges have doubled.
“And that forces students like you to take on a lot more loans, there are fewer grants, you rack up a lot more debt,” Obama stated.
“Can I get an Amen for that?” he asked the crowd who cheered, “AMEN!”
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Don’t you just love the smell of hypocrisy in the morning?
Having criticized her Republican opponent for voting against a millionaires’ tax measure, U.S. Senate candidate Elizabeth Warren said here Friday that she opted not to pay a voluntary higher tax rate in Massachusetts.
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