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Taxes

Using the Beer Summit to Explain Progressive Taxes

Suppose that every day, ten men go out for beer and the bill for all ten comes to $100. If they paid their bill the way we pay our taxes, it would go something like this: The first four men (the poorest) would pay nothing. The fifth would pay $1. The sixth would pay $3. The seventh would pay $7. The eighth would pay $12. The ninth would pay $18. The tenth man (the richest) would pay $59. So, that’s what they decided to do. The ten men drank in the bar every day and seemed quite happy with the […]

Asylum Watch Interprets Bill Gates et al. Vision Of The Future

Bill Gates has become an American icon. He is the epitome of the American success story. Born into a well to do family, he attended the same elite private school as his father had before him. He went on to Harvard but drop out because he had an idea for a new type computer operating system he wanted to work at developing. He would develop an operating system that would allow low tech people to use computers. He called his new computer operating system “Windows”  and he built a company around his idea called Microsoft. Bill’s idea caught on quickly […]

George W. Bush’s Stimulus vs. Barack H. Obama’s – A Look Back

When Obama came into office, he faced the bursting of the housing bubble and a big recession. His answer was to respond with a stimulus package, mostly full of spending, but with some minor tax cuts thrown in for lip service. But his predecessor also came into office faced with a big recession and he also responded with his own stimulus package. Let’s take a look at the way both men handled the problems facing each. As I said above, let us remember why the Bush tax cuts even took place. When Bush & Cheney took office, they faced a […]

Rich Fleeing High Tax New Jersey

That those with money leave places that take said money from them should be obvious, and need no explanation, but there are democrats in the world.  So, in my own sarcastic and demeaning way, I seek to educate the willfully ignorant.  Wyblog helps considerably… Chris Christie’s patented “Jersey Comeback” may need to be rebranded as a plea — “Come Back, please, and bring your money with you.” Because despite his attempts to reduce our state’s tax burden, the exodus of our wealthy residents continues to escalate. New Jersey’s high taxes may be costing the state billions of dollars a year […]

Will Bill de Blasio Drive the Rich From NYC?

If the rumblings coming from the Big Apple are correct, Bill de Blasio, the communist mayor, will successfully drive the rich, and their money, from the city.  Wyblog has more… Gentlemen start your moving vans, wealthy NYers perpare to flee de Blasio’s commie utopia Rich liberals don’t like it when they’re asked to pay their “fair share.” New York City Mayor Bill de Blasio’s eat-the-rich policies aren’t sitting to well with the city’s wealthy residents. According to Michael Goodman, a number of them are getting ready to flee the Big Apple for greener pastures, like Florida, where they won’t be […]

Obama Has Deep Pockets (Yours!)

“You’re telling me we have to go spend money to keep from going bankrupt?  The answer is yes, that’s what I’m telling you.” – Joe Biden “We’d all like to vote for the best man, but he’s never a candidate.” – Frank McKinney ‘Kin’ Hubbard “When I was a boy I was told that anybody could become President; I’m beginning to believe it.” — Clarence Darrow “In order to become the master, the politician poses as the servant.” – Charles de Gaulle The biggest spender in the history of history, flush with a brand new letter of credit courtesy of John Boehner and company, […]

Simple Questions About Obamacare

To the American Left, please answer a few questions about Obamacare. How can the ACA be so good when it is going to drive tens of millions of Americans out of their existing coverage when the employer mandate kicks in?   What about the mandate forcing folks to act against their faith? Their 1st Amendment rights are violated under the ACA by making contraceptives, sterilization and aborto-facient drugs are mandatory for employers to provide.   What about the over 20 new taxes that are hitting the American people for a half a trillion dollars? These are levied against medical innovators, […]

Classic Snarky: I’m a Democrat-You Owe Me

Note:  Here is a classic CH 2.0 post from the one and only Snarky Basterd. I’m a democrat. You owe me. I’m a democrat. I have my own pile of money, but I want yours, too, including the four pennies you have rattling around in the bottom of that peanut butter jar you frugal idiots like to use as a change holder. Give it up! You owe me. I’m a democrat. I just say I like the public school system. My kids go to private schools so that your kids can go to public schools and learn how to be […]

Remembering JFK 50 Years Later: He Cut Taxes, and it Worked!

Today is the 50th Anniversary of the assassination of John F. Kennedy.   He was a Democrat from a different era-when democrats were overwhelmingly   JFK was anti-communist, and pro-growth; something scorned by today’s democrat politicians, who are, at least behind closed doors, communists themselves.  So, in honor of the memory of JFK as an actual American, here is part of a speech in which he proposed to cut taxes… JFK did eventually cut taxes.  And, if you look it up, the 60′s were rather prosperous. H/T:  The Lid

More ObamaCare Fraud: More Navigators Caught Advising Fraud!

ObamaCare has “navigators,” that are supposed to guide people through the process of signing up for benefits.  Predictably, these navigators seem to be steering people in the direction of fraud.  Two days ago, we covered that Project Veritas showed a video that exposed ObamaCare navigators discussing hiding income form taxes to obtain more government benefits.  This is what I suggested at that time… Of course, the Urban League is stating that the entire situation was exposed under, “false pretenses.”  If you recall, this is a familiar refrain.  When ACORN was busted, and Planned Parenthood were exposed, there were similar denials […]

Is it Time to go Galt (Revisited)? Some Simple Ways to Avoid Feeding the Beast

I original posted this about a year ago, and thought it might be worth another look.  Since our Republic is essentially on it’s deathbed, and Obama’s hand is poised on the plug for the final pull, many are contemplating their role in the new order.  Do we quietly  acquiesce, and accept our enslavement, or do we try to sabotage the nanny state by refusing be be sucked dry?  Well, there is a way to legally and ethically resist the beast-it’s called “going Galt.”   If you are unaware  “going Galt” is a reference to Ayn Rand’s prophetic novel, Atlas Shrugged, in which the […]

New Yorkers Going Galt, Fleeing NY, Took $46,000,000,000 With Them

The blue states continue to suffer from the plague that causes the “blueness,” namely, being run by Democrats.  The latest victim is the state of NY.  It seems that lots of New Yorkers decided to say, “nyet comerade” to the state government’s nonsense, and simply leaving. The kicker is?  They are taking all their money with them, and that’s quite a lot! Here’s a map, with all the particulars, from Tax Foundation, via Lonely Conservative… The Blue states, those that are predominately Democrat controlled face an interesting choice; abandon the destructive high taxation and regulation that causes producers to leave, […]

Record Number of Americans Renouncing Citizenship Due to Taxes

As sad as it seems, ever increasing numbers of American  citizens are renouncing their citizenship.  The reason seems apparent-taxes.  Wonk Wire has more… “The number of U.S. taxpayers renouncing citizenship or permanent-resident status surged to a record high in the second quarter, as new laws aimed at cracking down on overseas assets increase the cost of complying and the risk of a taxpayer misstep,” the Wall Street Journal reports. “A total of 1,130 names appeared on the latest list of renunciations from the IRS… That is far above the previous high of 679, set in the first quarter, and more […]

Parallel Universe Alert: Melissa Harris-Perry Claims That Detroit was Killed by too Little Government

Was Detroit bankrupted  by too little government?  Well, if you ask Melissa Harris-Perry, we re living in a parallel universe where human nature and reality itself is the polar opposite of itself, and too little government did bring Detroit to it’s knees.  First, let’s take a look at Harris-Perry’s comments… Um, not only did she deny reality, but she found a way to bash Republicans, who last ran Detroit in 1961. She also misses the high taxes that scared away businesses, the horrific crime rate that scared away the people that didn’t leave because of the taxes, the abysmal education […]

People Fleeing California Due to Taxes

Imagine, if you will, a state that give companies a tax break.  Then, five years later, demand the money back, with interest?  Well, such a state exists.  It is alive, and not so well in the People’s Republic of California!  Here is some video… I wonder if, one day, that they’ll try to build a wall to keep people in?

ObamaCare Damage: Schools Limiting Hours of Employees to Avoid ObamaCare Penalties

You mean that more people are going to lose hours because of ObamaCare?  Why yes, yes I do.  The Weekly Standard has more… Lafayette School Corporation Has Had To Cut The Hours Of 150 Non-Certified Employees. “‘We cannot go out and raise the price of our product to assist us covering this. We would have to go the taxpayers and ask for some type of increase and I just don’t see that happening,’ said Les Huddle, superintendent of the Lafayette School Corporation, where more than 150 of the schools approximately 600 non-certified employees have had their hours reduced to meet the […]

Pensioners Beware!

I don’t know if a blog is an adequate forum for a  public service announcement, but I hope, dear readers you will help spread the word on a scam that is directed at pensioners. The story I am about to share with you may not be news to you but it was to me. According to this CNBC article, a growing number of pensioners are being ripped off by companies offering to buy pensions for a lump sum of cash. The article points out that there are a few companies which are legitimate, but many more are not. The unscrupulous […]

“The Purge”; Suspend all regulation of the free market for one year…let’s see what happens

The other day I saw a trailer for a movie hitting theaters on June 7 called ‘The Purge.”  The premise of the story is about a family living in an America in the future trying to survive the annual purge.  What is the purge?  It’s a 12 hour period where all police, hospital, and emergency services are suspend and all crime becomes legal, even murder.  This government sanctioned purge allows people a release for one night to do whatever they want.  The other 364 days out of the year they live in an America that has an all time low […]

Producers vs. Non-producers

There are many trends in the economy of the United States and the rest of the developed economies that are very disturbing. Yesterday we talked about the increasing number of people on food stamps and that governments are encouraging more people to participate in the food stamp program. Since the financial collapse in 2008, there have been countless articles written on the increasing income gap; i.e., the rich getting richer and the poor getting poorer. During the last presidential campaign season we were reminded countless times that the highest 10% wage earners pay 60% or more of the federal income […]

Taxing the Rich out of California

Likes has a slideshow about why rich folks are moving out of California.  I wonder how long it will be before someone suggest building a wall to keep them in?

Savers vs Spenders

…”full blown escalation in the status quo’s war against savers everywhere…” This line from a recent story by Zero Hedge stuck out at me as perhaps a shifting the paradigm of how we should be looking at what is happening in our world. Perhaps rather than our nation being in a battle between those who desire liberty and rights and those who desire control and tyranny, instead the battle is being fought between those who save and increase the wealth of society and those who spend and decrease the wealth of society. It’s a battle between those who make a […]

Obamacare and National Debt Screw Over Obama’s Biggest Supporters

Even though I am a teacher and daily spend my time around youth, I simply don’t understand their voting choices. Last election, according to exit poll samples of people 29 and under voted for Barack Obama by a margin of 60% to 36%. And youth voters made up 19 percent of all those who voted, according to the early National Exit Poll conducted by Edison Research, which is higher than normal. This sort of large and decisive turnout of the youth for President Obama is surprising to me because his policies are destroying their future. As evidence, let’s look at […]

Welcome to the World of ObamaCare: The 29er’s and the 49er’s

As ObamaCare continues to hit the country, we are seeing some new terminology emerge.  To get there, here is more from the WSJ… Welcome to the strange new world of small-business hiring under ObamaCare. The law requires firms with 50 or more “full-time equivalent workers” to offer health plans to employees who work more than 30 hours a week. (The law says “equivalent” because two 15 hour a week workers equal one full-time worker.) Employers that pass the 50-employee threshold and don’t offer insurance face a $2,000 penalty for each uncovered worker beyond 30 employees. So by hiring the 50th […]

Government and the Permanent Income Classes

The other day I was having a conversation with an individual who like many on the left believes the rich needs to pay more in taxes.  When I asked why he believed this, he responded, “Because they can afford it and it’s the only fair thing to do.”  So my follow-up question was why can’t we afford it?  I could see the question caught him off guard.  He asked me to explain what I meant.  I said, “Why has it become more difficult for us to achieve success so that one day we too may reach the tax bracket you […]

The State of the Union? It Sucks!

Nancy Pelosi recently said “It is almost a false argument to say that we have a spending problem.” She went on to say that what we have is a deficit problem.  Conservatives have given Ms. Pelosi a lot of flack over her statement and maybe we have been too hard on the less than brilliant Congressman from San Francisco. After all she did use a qualifier; “almost”, which can mean “not quite”. And, she was spot on when she said the US has a deficit problem. Who could argue with that? By saying that we have a deficit problem instead […]