There are men of vision who rise to heights of power and fame as they strive to realize their own destiny: George Soros has a vision for the world and the United States of an open-society with open borders and a system of wealth redistrubution, he wants to achieve this vision through his disciple Barack Obama.
George bases his vision on a primary premise of a global objective, a one world government. He refers to his concept of world government as an “open-society philosophy”. Of course the system requires a omnipotent god-like billionaire for it is a billionaire oligarchy system based loosely around a benevolent billionaire who is in charge of everything and knows what is best for the world. George is imminently qualified for the position, at least in his own mind, he definitely has the money and has considered himself a god for a long time; he has started implementing his plan by supporting a myriad of anti-American organizations and through his charismatic student and sycophant, Barack Obama.
One of the initial requirements for an open-society is open borders. He explains the reason for open borders in the February, 1997 “Atlantic Monthly”, in an article titled “‘The Capitalist Threat’:
“Societies derive their cohesion from shared values . . . religion, history, and tradition. When a society does not have boundaries where are the shared values to be found? . . . the concept of the open society itself.”
In the article Soros further expounds on his Social and economic theory in three main parts:
ECONOMIC STABILITY
ECONOMIC theory has managed to create an artificial world in which the participants’ preferences and the opportunities confronting participants are independent of each other, and prices tend toward an equilibrium that brings the two forces into balance. But in financial markets prices are not merely the passive reflection of independently given demand and supply; they also play an active role in shaping those preferences and opportunities. This reflexive interaction renders financial markets inherently unstable. Laissez-faire ideology denies the instability and opposes any form of government intervention aimed at preserving stability. History has shown that financial markets do break down, causing economic depression and social unrest. The breakdowns have led to the evolution of central banking and other forms of regulation. Laissez-faire ideologues like to argue that the breakdowns were caused by faulty regulations, not by unstable markets. There is some validity in their argument, because if our understanding is inherently imperfect, regulations are bound to be defective. But their argument rings hollow, because it fails to explain why the regulations were imposed in the first place. It sidesteps the issue by using a different argument, which goes like this: since regulations are faulty, unregulated markets are perfect.
SOCIAL DARWINISM
BY taking the conditions of supply and demand as given and declaring government intervention the ultimate evil, laissez-faire ideology has effectively banished income or wealth redistribution. I can agree that all attempts at redistribution interfere with the efficiency of the market, but it does not follow that no attempt should be made. The laissez-faire argument relies on the same tacit appeal to perfection as does communism. It claims that if redistribution causes inefficiencies and distortions, the problems can be solved by eliminating redistribution — just as the Communists claimed that the duplication involved in competition is wasteful, and therefore we should have a centrally planned economy. But perfection is unattainable. Wealth does accumulate in the hands of its owners, and if there is no mechanism for redistribution, the inequities can become intolerable. “Money is like muck, not good except it be spread.” Francis Bacon was a profound economist.
INTERNATIONAL RELATIONS
LAISSEZ-FAIRE ideology shares some of the deficiencies of another spurious science, geopolitics. States have no principles, only interests, geopoliticians argue, and those interests are determined by geographic location and other fundamentals. This deterministic approach is rooted in an outdated nineteenth-century view of scientific method, and it suffers from at least two glaring defects that do not apply with the same force to the economic doctrines of laissez-faire. One is that it treats the state as the indivisible unit of analysis, just as economics treats the individual. There is something contradictory in banishing the state from the economy while at the same time enshrining it as the ultimate source of authority in international relations. But let that pass. There is a more pressing practical aspect of the problem. What happens when a state disintegrates? Geopolitical realists find themselves totally unprepared. That is what happened when the Soviet Union and Yugoslavia disintegrated. The other defect of geopolitics is that it does not recognize a common interest beyond the national interest.
Soros has invested heavily in groups that lobby to keep the borders open and is a major reason why the American borders are being over run in the United States, his adopted homeland.
The Open Society Institute is the cornerstone for the Soros Foundations Network, a group of Soros-funded organizations in more than 50 countries, which promote open-society concepts by influencing governmental policies.
The various branches and paid instrumentalities of the network include Democracy Alliance, MoveOn.org, America Coming Together, America Votes, The Center for American Progress, and other leftist front organizations, which advocate open borders for the United States — not for other nations but for the United States. These Soros-funded groups finance his camp followers, among them the Democratic Party, the National Organization of Women, abortion advocacy groups, various environmental groups, and last but not least, the increasingly powerful immigration special interest groups.
In 1979 the Open Society Institute was formulated by Soros as the nucleus of a group of Soros foundations that fund a network of individuals and organizations with tens of millions of dollars if they share the founder’s views and agenda. Here is a summary:
promoting the view that America is institutionally an oppressive nation
promoting the election of leftist political candidates throughout the United States
opposing virtually all post-9/11 national security measures enacted by U.S. government, particularly the Patriot Act depicting American military actions as unjust, unwarranted, and immoral
promoting open borders, mass immigration, and a watering down of current immigration laws
promoting a dramatic expansion of social welfare programs funded by ever-escalating taxes
promoting social welfare benefits and amnesty for illegal aliens
defending the civil rights and liberties of suspected anti-American terrorists and their abetters
financing the recruitment and training of future activist leaders of the political Left
advocating America’s unilateral disarmament and/or a steep reduction in its military spending
opposing the death penalty in all circumstances
promoting socialized medicine in the United States
promoting the tenets of radical environmentalism, whose ultimate goal, as writer Michael Berliner has explained, is “not clean air and clean water, [but] rather … the demolition of technological/industrial civilization”
bringing American foreign policy under the control of the United Nations
promoting racial and ethnic preferences in academia and the business world alike
promoting taxpayer-funded abortion-on-demand
advocating stricter gun-control measures
advocating the legalization of marijuana
Soros was born a Jew in Hungary in 1930, his original name was Gyorgy Schwartz, although by providing his own biographical information, most of it is dubious and unverified like that of Obama. In ’36 the family name was changed to Soros (Hungarian for “Successor”- Esperanto for “Soar”) to avoid persecution by the National Socialists. His father was a follower of Esperanto, a language designed to serve as a one-world language, it was invented by Ludwik Zamenhof, a Polish Doctor in 1887. Based on Indo-European languages, the movement still has adherents today.
George, a second generation Esperanto survived the National Socialists by turning in his fellow Jews to the Nazis. After the war he survived the Communists until he defected to the West during an Esperanto Youth Conference held abroad in 1946.
He attended the London School of Economics and was heavily influenced by an Austrian-English PhD of science Karl Popper. He graduated in ’52 and came to America in ’56 to work on Wall Street. His personal wealth is estimated between 7 and 11 billion. Quantum Fund, based offshore, one of his many companies beyond the range of US tax liability and is the bulk of the Soros fortune. A word of warning, keeping offshore accounts is only legal for Soros.
Despite the many flaws he has found in the founding documents, Soros maintains that the United States is the best example of an open-society. He maintains that the Declaration of Independence, the Constitution, and the Bill of Rights are based on the philosophy of the Enlightenment; however they don’t allow for the limitations of the human mind and modern skepticism; especially, since there is no absolute truth nor certainty in life.
In his 1997 Atlantic Monthly article, he wrote, “The Declaration of Independence may be taken as a pretty good approximation of the principles of an open society, but instead of claiming those principles are self-evident, we ought to say that they are consistent with our fallibility.”
He adds that the open society concept is highly sophisticated, and much more difficult to work with than the more primitive beliefs, such as, “my country (or my company or my family), right or wrong.”
The Enlightenment is a concept born in the 18th century Europe, it links a system of aesthetics, ethics, and logic with faith and piety. Preceded by the Age of Reason, Enlightenment is considered the driving force that brought Europe out of the Dark Ages and the consequential development of nation states, science, social reform, and political theory. The French and American Revolutions borrowed heavily from the concepts Enlightenment and Reason and led to the present day secular political systems. Open-society followers reject Enlightenment concepts of rationalism while grasping for its secularism in the reformation of nation-states under the auspices of a benevolent and omnipotent billionaire to guide them through the difficult stages of social and political engineering.
Open-society advocates would reinterpret the U.S. Constitution to better suit the “age of fallibility,” which no longer recognizes unalienable rights or divine providence. The Soros open-society concept requires that the United States be removed as a superpower and that the American people be subjected to the will and wants of all the world’s people.
To support his belief that the human mind cannot fathom ultimate truth and reality, Soros apparently advocates the deconstruction of nations by educating the masses in open-society jargon.
His open society comes off as a bastardization of socialism and libertarianism. This mixed brew includes more taxes (but not on the Soros fortune), increased government spending, open borders, immigration entitlements for legal and illegal aliens, devaluing citizenship but promoting feminism, free abortions, affirmative action, and sex and gender rights. Incongruously he would lessen government intrusion while eliminating “excessive individualism.” Essential to an open society is destruction of the nation-state authority, family structure, and religious beliefs, thus rendering national culture, heritage, and ethos meaningless.
It is fairly easy to visualize our President as a follower of Soros as are most of the Liberal bottom feeders that exist solely because of his money. The lure of being a ruling Elite is the opiate of the pathetic personality that craves power and control. The actions of our President have only destabilized and weakened America, true to the Soros template, Obama continues to destroy our country with his fantasies of Wealth Redistribution and an open society with no borders, while the proud nature of our national spirit is diluted with illegal alien freeloaders and parasites who flock here to milk our entitlement programs until we are driven into a nameless faceless society pleading for handouts from the Obama/Soros organization of world governance. There is no doubt that they know how to destroy a national identity; they hope to have us reduced to a country without borders or sovereignty within two more years. He will program the ignorant and uneducated illegal aliens with the jargon of open society, open borders, and wealth redistribution until they become fluent in the jingoism and a powerful political force; they have nothing to lose and everything to gain while they dilute our national identity with the entitlement syndrome. With this knowledge of the true nature of our president and his benefactor, it becomes imperative to resist President Obama and the Obama/Soros efforts at world governance or give them the country and the world to remodel as they see fit.
A professional horseman for over 50 years, Skook continues to work with horses. Skook has finished an historical novel, Fifty Thousand Years, that traces a mitochondrial line of DNA from 50,000 years ago to the present. The story follows a line of courageous women, from the Ice Ages to the present, as they meet the challenges of survival with grit and creativity. These are not women who whimper of being victims, they meet the challenges of survival as women who use their abilities without excuses or remorse, these women are winners, they are our ancestors.
Fifty Thousand Years is available in paperback and e-book, it is getting great reviews. You can purchase a copy here; Visit me on Facebook.
Twitter: https://twitter.com/Dylantheauthor
Soros is 80 years old
Skook,
Not surprisingly, you have delivered an insightful look at the individual undoubtedly most responsible for the billion dollars raised for the Obama campaign, and for Obama’s election.
I don’t know where your journey took you over the years, but your percepts suggest that you have evidently accomplished and experienced much of the human voyage here.
I had occasion to have dinner with Soros in the early 80s along with a mutual acquaintance who was a director of a company of mine at the time. I didn’t have much of a dog in that particular hunt, so as often happens in such circumstance, I listened, and only added occasional minor commentary and observations. . . . And when a talented chef has prepared a fine dish, I absolutely must savour and enjoy, leaving the lip-flapping to others.
In your post, you have fairly accurately captured the individual. A big ego, with much insecurity who likes to control the discussion, and trumpet his “knowledge,” on all matters of politics and business. He reminds me of another pompous goof named Kissinger. As you can probably discern from his own disjointed writings, . . . while Soros fancies himself an intellectual, he is quite certainly not much of a critical thinker. He got lucky, made more money than most, so people listen to him, and he believes his own press. Obama is a pawn, who probably had visions of seeing himself as head of a new international organization paralleling the UN, but actually having some power through The Fed. You’ll recall, for example, his speech in Germany. He thought “President” was just a stepping stone to where he was really going. He and his wet dreams are rapidly crashing, and so is Soros. The good news is that the initiatives that Soros has funded, are spreading his wealth. 🙂
@ John ryan, your point ?
You pissed on the FA wall again…
Way to go Johnny!
I was waiting for you and am sorry that I can’t get nose to nose with you but you would run…
JR, you have obviously traveled in a rarefied atmosphere. I have worked for a few of these newsworthy type guys in the past, but like a high priced call girl I was there temporarily to perform a particular skill, my skill was with horses and rarely was I invited to share a drink or a coffee. I was considered more of a cultural attraction or an oddity, but was paid well for my efforts.
Like you, I used these episodes to observe and analyze; most of the time, I determined that most of these people who are in the news are either incredibly lucky or very efficient at performing one particular skill; otherwise, they seemed rather dull with a high opinion of themselves that is constantly reinforced by a team of enablers and ‘yes’ men.
While writing this article, I was wondering what it would be like to engage George in a battle of wit, free of outside influence, you have answered that question for me.
It is that great equalizer hubris that demands that Soros should feel the drain of his fortune and if it can’t be stopped, I presume it will finish him before his time. He may properly borrow the Greek term ‘peripeteia’, to describe his misfortune, first used by Aristotle in “Poetics” C.6, it describes the reversal of fortune, from wealth and prosperity to ruin.
Couldn’t happen to a better guy!
Thanks for the kind words, JR.
Skook,
I’m sure that most of us cross paths with “peripeteia,” as some time early or late in life. It’s a learning moment, if we’re listening. Overwhelming narcissism and insecure egos don’t listen, however, and keep believing their press.
Although I met him only once at dinner, and once more in his office in New York, this was many years before he became infamous. From your writing, and comments, I’d safely bet that you would eat his lunch in any engagement. Right off the bat, you’d have the insurmountable advantage of effective listening, then, armed with knowledge, you’d carve him a new one, and pluck him as you might a chicken. If I remember correctly, he doesn’t react well, when contradicted, even on very minor elements of a discussion, and he doesn’t listen much.
If I may make one more observation, . . . your term above, “incredibly lucky,” IS the differentiating factor. Some are unlucky, some are lucky, some are really lucky, and then there are a few who hit it “incredibly.” Most that I’ve met who were of the really lucky, or incredibly lucky sort, actually thought they were incredibly good, not lucky. The ego is a peculiar energy that too often needs feeding when the individual is insecure. Wealth and power, IHMO, never, ever, change the nature of any ego. You’re either confident or you’re not, or you’re somewhere in between, but you don’t change. Soros cannot change, and neither can his hapless former candidate for leadership of the world. Both got incredibly lucky, . . . but then here comes peripeteia galloping over the horizon. 🙂
BTW Skook, for anyone doubting the intent of some like Soros, here is a disquieting piece by the standard bearer of the world government movement and environmentalism, Maurice Strong (Gore’s wealthy Co-Patron Saint Of Climate Change):
“The concept of national sovereignty has been an immutable, indeed sacred, principle of international relations. It is a principle which will yield only slowly and reluctantly to the new imperatives of global environmental cooperation. What is needed is recognition of the reality that in so many fields, and this is particularly true of environmental issues, it is simply not feasible for sovereignty to be exercised unilaterally by individual nation-states, however powerful. The global community must be assured of environmental security.”
Words of wisdom:
Yes Bo’s peripeteia is much more obvious to the casual observer. Like the camel in the prehistoric tar pit, he struggles to escape rather than accepting the inevitable: there is no escape, he might try doing something notable and useful in the short time he has left, instead of struggling like an impotent finger pointing fool and accomplishing nothing.
Once the cold reality of peripeteia settles in on BO, I can see him being overly dramatic and uttering Mercutio’s laconic pun as he lay dying, “Ask for me tomorrow and you shall find me a grave man”. Romeo and Juliet III
“So long as men worship Caesars and Napoleons, Caesars and Napoleons will arise to make them miserable.” Aldous Huxey, “Ends and Means”
Nice article, but I could of done without all the anti-Americanism. You should show some respect to the President of the United States. He is the freely elected leader of my country, and the Commander and Chief of the men and women who fight overseas, so I find your attacks on him to be attacks on the American voters, armed forces and American Democracy.
America is a free country, if you don’t like it YOU CAN ALWAYS LEAVE
Pops, the American voters are about to unleash their opinions on this Commander in Chief in less than a month. No they wont be voting directly on the President, but for every sycophant of his that goes down in defeat and several incumbents have already been given the bum’s rush, there will be a judgement on his ability to lead both the country and our military.
Yes, I know I can leave this country; I have two different passports, it is much easier for me than most and I would be leaving if this country continued its slide into Obama’s Socialism and Open-Society nonsense; but fortunately, America has seen the mistake of electing an incompetent community organizer brought to us through Affirmative Action and it is lunging in the traces to give him the bum’s rush out the back door of the White House in two years, if he isn’t impeached before then.
It’s true that Biden is an idiot, but we would be much better off with an idiot finishing Obama’s term than an enemy of the country as president. Now explain to me just why I should leave the country for calling a Socialist enemy of the country, a Socialist enemy of the country.
Do you feel entitled to my money because I worked seven days a week for 40 years and have a few more toys and trinkets than the average union man?
Pops when the people like me leave this country because of rampant Socialism and crack pot radicals like Obama and Soros, the country will feel the economic engines of this once great country grind to frigging halt forever; you might consider that before you invite too many Capitalists to leave, food stamps, welfare and government jobs will only last a few days without small businessmen and their capital.
I missed your post OT. Yes there is the manure throwing little coward, Johnnie ryan who couldn’t apologize after insulting you and your military record. The little pimp will never get the respect I would pay my worst enemy after that performance.
He is an insignificant piece of human waste who writes brainless, inane rants that have no purpose or meaning.
I will always respond to him like this after he insulted you in that manner, especially after he was advised of his mistake, what a classless imbecile!
Pops, I think you should know that many of the people who write here have sacrificed much more for this country than the current president. For the time being, the Constitution allows free descent of our political leaders. A political leader who lies to the people deserves no respect. One can criticize the leader without being anti-American. Actually, I think it was Mrs. Clinton who said it was our duty to criticize the president, but that was when Bush was president.
Here is an opinion from a Black man who escaped the projects on his own efforts describing the President without being anti=American.
October 13, 2010
Obama’s Un-Presidential Despicable Race Baiting
Lloyd Marcus
Question: When you squeeze an Orange, what comes out? Answer: Orange juice. Why? Because that’s what’s inside.
Obama is being squeezed by polls predicting a Republican landslide in November. Adding to Obama’s pressure is his lethargic base’s apathy about voting. So, what came out of our so-called, “post racial” president? Despicable, manipulative and evil race baiting.
Sunday, Oct. 10th at a rally in Philadelphia before a mostly black audience, Obama attacked Republicans saying “they’re counting on…black folks staying home…” Well, what the heck does that mean? What message was the “Great Unifier” attempting to send to black America?
I can only conclude Obama meant, “Look y’all, everyone knows the Republicans are really the KKK without the hoods. Republicans along with those white tea party racists are out to get me, your black president. They want to turn back the clock.” Obama and companies clever usage of the term “turn back the clock” congers up all kinds of fearful images in the minds of blacks.
Obama saying Republicans want black folks to stay home on election day is a disgusting divisive use of the “race card” unworthy of the President of the United States. Meanwhile, displaying their epic racism, the liberal media excoriates all blacks who do not worship this characterless man. I have been called a traitor to my race, a stupid “N” and endured threat of violence for daring to use my brain rather than a blind loyalty to skin color; and for seeking the best interest of my country and my fellow Americans.
So, while the sycophant liberal media calls any and all opposition to Obama racist, they give Obama carte blauche to exploit his race whenever it serves his purpose.
I heard a knucklehead reporter say, “We must be racially sensitive when criticizing president Obama”. Why? Obama’s race should be irrelevant. Obama chose to play in the big league as leader of the free world, for crying out loud. And we’re suppose to ignore his incompetence, record unemployment, the nationalizing of the auto industry and banks, government hostile takeover of our freedoms, trashing of our Constitution and far left radical agenda because the president is black?
Obama is a Chicago thug politician. The more he is squeezed in the coming weeks before the November election, the more Obama’s thuggery will be revealed. Why? Because that’s what’s inside
http://www.americanthinker.com/blog/2010/10/obamas_unpresidential_despicab.html
I think Obama is better than Bush
Basic question – why can we not bar this miserable son-of-a-bitch from our nation’s shores? Failing that, why isn’t he indicted for funneling FOREIGN FUNDS into Barry’s campaigns?
Hey Gayle, go make a couple billion speculating foreign markets let someone tell you how you can and can’t spend your money. It’s FREE MARKET and a FREE COUNTRY. Pay to play or go away.
Excellent point Gayle, Soros keep his money in offshore accounts to avoid US taxes, but through magic that money is not considered foreign money when he donates because it is funneled through the Open Society Institute; otherwise, known as Open Society Money Laundering.
Of course the Progressive Socialists have their panties twisted because they figure Carl Rove has a magic formula for channeling European money into the Republican campaigns. A fact that probably wouldn’t bother them if Soros was still pumping off shore money to them. However if JR is correct and I think he has an inside line on these issues, Soros has been hit hard by the recent money fluctuations and can’t get his mojo working. (Cry me a river)
Perhaps the Fat Cat Liberal backers who once backed the Zero are worried that he might be serious about this Wealth Redistribution or being a Progressive isn’t as appetizing when you see all the money falling down the outhouse hole; consequently, they have decided to change canoes half way across the altruistic river.
This becomes more interesting and fun with each day; especially, with the Progressive Socialists so confused they don’t whether to run to the outhouse or wind their watch.
Pops15 So Pops, you think we should only adhere to parts of the Constitution. It is a free market and free country, but not if we criticize the President?
@Pops:
Better at what exactly?
Obama is much better at nationalizing industry and sending jobs over seas. Obama has increased unemployment much higher than Bush could. Obama plays much more golf and Gulf than Bush. Under Obama, there is many more homeless people. Obama is much better at financial issues than Bush. Bush put together the whole TSA and increased the intel services as a result of 9/11 with less than a $500 B national debt over 8 years. Obama was able to increase the national debt to over $3.1 T in just 2 years. Obama is much better Aye.
Pops, you realize that you are swimming in deep water with sharks; some people are better off hanging out at a wading pool like Media Matters or Huffington Post, they encourage the simple minded. Thus it is safer and more fun for those who show up at a battle of wits armed with primitive weapons.
Excellent points Randy, give credit where credit is due. Obama has excelled in certain areas.
It’s too bad Calvin Coolidge beat Biden to this pearl of wisdom: “When a great many people are unable to find work, unemployment results.”
@Pops.
You said all who didn’t like President Obama should leave this country. Where would we go? There is no other place in the world that celebrates freedom the way America does? We are it! If we lose our freedom and our rights and become a socialist/nanny state, where would we go? Who would come to our aid? Did you also feel that when people criticized George Bush, they were insulting the voters and the military? I would hope so and that you were fair, because the criticisms that President Bush faced on a daily basis from the first day he stepped in office were outrageous. The press called him stupid daily. President Bush graduated from both Yale and Harvard schools. He wasn’t afraid to show his grades, which for a “stupid” guy were pretty good.
However Obama still hasn’t revealed his grades or his course work which most presidents have done.
We criticize his policies which are against what this country stands for. Businesses and corporations are not the enemy. They are the ones providing the jobs. You are not going to get great employment offers from the government because the government doesn’t produce. They don’t manufacture anything. All government jobs are social workers and administrative types. So increase in government workers are not going to expand the economy because they are not producing and exporting a product that helps the economy.
Soros and his followers need to be stomped on and crushed as you would a cockroach. They are all enemies of our Republic.
Looking at that entire essay I am reminded of a speech given to a Republican Women’s Club of Tulsa County yesterday.
Republican Senator Tom Coburn said this:
Tom’s been known to be a bit over the edge, but I think he might be on to something here.
Nobody who voted on the ObamaCare bill in the House and in the Senate had read it.
Why was it so destructive of private insurance unless it was planned by the writer?
And who, exactly, was that writer?
Pops, we criticize the current prez and his admin because they are doing everything they can to turn the United States into Europe. We don’t want Europe because it’s already out there and isn’t really all that great compared to what the United States already is. So, if YOU don’t like the decent, please, stop trying to turn the US into the EU and GO there instead of telling people to leave the US. We want to keep the American Dream alive, not kill it because you and your ilk think Europe is so great.
That being said, I find it quite funny that Soros left his homeland to come to America to find the American Dream and become rich, but is willing to take away the rest of society’s right to do the same thing.
Tammy on 22, yes that’s exactly what you said. thank you.
AMERICA THE BEAUTIFUL need true AMERICANS to help her regain her SMILE,
AS SHE is HURTING NOW,
Pops, YOU are mistaking ,they are not contributing
to AMERICA’S freedom, but their own
Pops is a typical lib. We Conservatives don’t have a 1st Amend right according to lefties like him and as a result, don’t get to criticize obama. To do so is somehow anti-American in their deluded way of “thinking”.
@ #28:
If anyone is suffering from a deluded way of “thinking”, it’s the average American conservative. They seem to be taking the GOP’s bait yet again, hook line and sinker.
They’re not saying a word about where $4 trillion in spending cuts would be made.
If the past is any indicator, it’s easy to predict where most of the $4 trillion will likely wind up. It’s nothing more than another calculated redistribution of wealth–upward.
The resultant debt, of course, will belong equally to everyone. It will be paid for primarily by those who will benefit the least from incurring it–through the reduction and dismantling of programs and services benefitting the nation as a whole, and through further errosion of the value of the dollar.
Figuring such consequences out isn’t rocket science.
Greg
The difficulty with left thinking libs is that they think the economy is a closed system. I know we have discussed this with Greg several times. A tax cut doesn’t mean a reduction in tax revenue. A tax cut allows business to invest in their business, increase job and raise productivity. The Kennedy, Regan and Bush tax cuts all increased tax revenue by increasing the economic activity and the amount of money that is taxed. Read Thomas Sewell or Walter Williams. They are very knowledgeable economists. They break this down into baby steps that even you may understand.
@Tammy, Im offended that you would refer to armed forces as social workers, not to mention all the researchers and scientists who are government employees. You are correct that the government doesnt manufacture products but it does require that manufactured products be made. in 2009 the DoD alone spent $800 billion in the US private sector. They provide millions of civilians and enlisted/reserve Americans with taxable income to serve the homeland in various way and reasons. And so does every other department of the government, So the the gov’t most certainly does produce something, its called demand, and without the government big business like Boeing and Lockheed, and mom and pop manufacturers, and even sole enterprise craftsman like one in my town would go under real quick.
I never said anyone should leave the country for criticizing the President, i just suggested what I used to tell the Bush-Bashers, if you really hate the freely elected leader maybe you should leave. But this here isn’t criticism, it’s just melodrama. Same thing happened to Bush. But instead of calling him a socialist traitor to the people, they called him a psychotic war criminal who destroyed America’s place in the world.
More from me later, but right now i have to go make dinner and then fondle my sweaters.
Randy
30Reply to this comment
Good points, Randy.
I’ll add one more:
There is a bunch of money sitting on the sidelines in our country because of uncertainty in taxes, medical costs, the future of our economy.
IF businesses are allowed to thrive by giving them certainty in tax law, easing the risk of taking on new employees, (among other things) they begin hiring almost immediately.
When they do that the welfare roles shrink, the numbers getting Food Stamps shrink, the numbers on Housing Authority shrink, the numbers of homeless shrink.
All of this takes a strain off the government, easing its need to spend taxpayer dollars on non-working people.
When all of these folks are working they are spending much more freely, thereby upping the need for businesses to expand.
All of this means MORE taxes in the government coffers.
Are you claiming every dollar put back in someone’s pocket in the form of tax cuts is reinvested rather than saved? Where has the generalization that tax cuts to the wealthy benefit everyone in the form of investments that lead directly to jobs been proven?
Here is an interesting take on extending the Bush tax cuts.
http://www.washingtonpost.com/wp-dyn/content/article/2010/07/30/AR2010073002671.html
@Pops:
President Carter? Is that you?
@ Pops, #31:
An excellent point. A lot of people seem to mistakenly believe that the government is nothing but a black hole into which money disappears, while it’s actually one of the driving wheels that keeps money moving throughout the economy. Had government spending drastically slowed during the past two years, we might well have seen the total collapse of our entire economic system.
@Greg:
Dog squeeze!
Ever hear of the forgotten depression of 1920 and how it was handled? Probably not.
See that? Gov’t spending was cut nearly in half. Tax rates were slashed dramatically as well.
There was no big gov’t intervention and the free market righted itself resulting in the Roaring 20’s.
Perhaps you’ve heard of that time period in American history.
Good point AC, right after the war, munitions production stopped, vets returned home wanting jobs and the country was in the doldrums. A recipe for disaster that we may be facing just before Obama’s reelection attempt. Remember, he will do whatever is necessary to keep from losing the whole Democrat Party. That is a scary thought.
Pops: HEY, don’t be offended; Tammy is very smart and overestimated your brain power,
how come we all understood what she meant, well, as I said before IT has
to be your twisted playing tricks on you.
@Randy, you are right about the tax cuts and how they can be a powerful tool if properly implemented. For example, under bush the Renewable Energy Production Tax Credit Program was responsible for unbelievable growth of the the “big wind” industry and Obama thankfully extended this program. The secret to having a good tax program is knowing exactly what part of the economy you want to see money start flowing to and then creating a tax credit law that gives incentive for doing it. For Bush and Obama it’s alternative energy but Obama needs to re-focus on a new sector and I think he might be weighing those options right now but hasn’t come up with anything that is really strong.
@Aye Chihuahua 😈
nah, jk
Tom 33
How much of of an increase in the GDP occurs for every dollar the individual has to pay to the government? So with your analysis, we should send all of our money to the government to stimulate us? I can see how well California economics is working. Isn’t that the state that froze the amount consumers paid for energy while the supplier costs continued to increase? That worked out well.
Randy , Pops said he is thinking. LIKE the CAPTAIN THINK while the boat sink
bye
Bees,
If he is thinking, he cannot be too far to the left. He may even be salvageable!
Pops,
An investment credit works well. It sometimes makes a business buy a new piece of equipmet that he was trying to do with out. Farmers benifit greatly from investment credit. Modern equipment improves productivity. The tax cut is the incentive that causes the purchase.
Randy: hi, I think that you should be a DIPLOMAT, it would be so easy career for you. bye
>>”…these top earners don’t spend as much of their income as lower earners”>>
OK..so what do they do with it? stuff their mattresses?
Randy @ 41.
I agree there is room for debate on the issue of taxation. My main overarching point is that it’s difficult to have that debate when there are so many falsehoods or unprovable assertions clouding the picture. You seem like a rational person. Do you agree that Obama’s tax policy will send the United States irrevocably hurtling toward Socialism? Do you believe that Obama, as a person, is a cartoonish Boris and Natasha Communist agent with a nefarious One World Government agenda? Do you think changing the tax rate on the top 1% earners, no matter how odious it may be to you, will have a lasting cataclysmic affect on the future of the United States?
I will give you my take on the last question. I don’t think the world will end. The idea that the super-wealthy are small business owners just scraping by is not true. How many small business owners are on the Fortune 500 list? The fact that so many people of modest means are losing sleep over Wall Street Bankers paying 4% more in taxes is one of the world’s great mysteries (or one of the Wall Street lobbyists’ and publicists’ great triumphs). But more fundamentally, why do so many on the Right assume that the tax issue will change the way people act and think? Will all the ambitious 18 and 19 year olds chomping at the bit to get out there and make a living wilt into deadbeats and welfare mothers over night? Will the bankers stop wanting to make millions of dollars? When the top earners of the Greatest Generation were paying 91%, were we a socialist country then under Eisenhower? Did people stop trying to become rich? All this breathless hyperbole is just a cover for a lack of any real data to back these claims. If someone wants to mount a fact-driven, or even a philosophy-driven, argument for the Bush tax cuts that doesn’t rely on Obama-is-the-antichrist, I would love to read such a novel argument.
GREG: hi, yes that’s what it is, exactly as you said, and the money which disappear
belong to the AMERICANS. bye
Tom,
The difficulty here is that $250-500K per year is not wealthy. I recently read that you have to have $500M net worth to be wealthy. At $250K you can barely afford housing in NY City or parts of CA. The tax issue does change the way people think and act. I am already taking gains on stocks I purchased with significant gains. I will save considerable money paying tax at this year rate. My son and I considered buying a rental house that has remained empty for almost 2 years. Looking at the taxes we would have to pay next year on our income, it is not worth the risk. I am just a small investor.
When I had my company, I would fall into the area you consider wealthy because I grossed almost $1M per year. It required a good deal of equipment to service our accounts. Colorado raised the personal property taxes. Along with the increase in payroll taxes, It was not worth the 12-14 hours a day I was putting in. There was too much risk, so I didn’t take the risk. I laid off 27 workers, got what I could out of the equipment and went to work for wages where it was safe. Isn’t that a change in my life? Two of the guys that worked for me are now dead because they tried to duplicate what I had done and were too inexperienced. Not sure what happened to the rest of the workers.
Higher taxes decrease incentive for people to increase their businesses. Read Thomas Sowell. He explains it very well. I am helping to set up a new company. I wanted to start it here in the US especially in the San Jaun Valley area of Colorado. Now, it looks like we will be starting it in Austria. They have given tremendous tax incentives and actually have helped us with legal issues. When we get this company up and running, we will be doing over $400M of business within the first 2 years. We would have employed several hundred Americans. Now, we are hiring people from Italy and Austria. Aren’t we changing due to the taxes? I didn’t even address the health care issues for the workers yet!
I will have to travel and stay in Europe for likely 50% of the year to make things work. I would rather stay home. The difficulty is that we have lawyers in our government who fail to understand the consequences of the laws they pass. Any one who says, “We have to pass the law to see what is in it!” should be taken out and beheaded.
We have often been referred to as the American experiment. Yes, we have experimented over the past 200 plus years. Fortunately until now, we have experimented slowly. This past 2 years, we have discarded everything that we have learned in the past and started over. That was a very rapid change that the people of the US will not tolerate. That is what this election is about small incremental changes with a goal of a better life and government.
Randy, that’s telling a lot in one short space, about the problems, business owners face under this GOVERNMENT: IF the people dont get it this time, they’r heading toward disastrous events for sure,
thank you, bye