Posted on 11/26/2012 4:04:37 PM PST by Tolerance Sucks Rocks
Obama’s former chief economist Larry Summers thinks that one way to break America’s fall off the over-reported fiscal cliff is to raise taxes to the level they were under Clinton’s administration. Echoing Paul Krugman’s 90% tax rate nostalgia and pointing out that it was conservative icon Ronald Reagan who cut taxes to 50%, he said, “It’s hard to believe that raising the top tax rate to 39.6 percent — where it was under President Clinton — will do grievous damage to the economy.” Of course, Reagan also cut the top tax rate to 28% in his second term, but that’s beside the point.
Raising already existing taxes is only one way to cushion our fall. Summers, a professor at Obama’s alma mater, is certain that soon we’ll have taxes on carbon, energy and junk food. In fact, he was surprised that Americans didn’t yet have a tax on carbon and energy, considering that carbon and energy usage is directly related to the solar cycles that affect global temperatures. Or so liberals think. Taxing such usage will surely convince the sun to alter its behavior so that the average global temperature will go down a couple degrees and stop all the hurricanes from ruining everybody’s lives. And if taxing doesn’t work, just tax more.
(Excerpt) Read more at godfatherpolitics.com ...
Finally - the freeloading democrat base would have some skin in the game (but still using our money to pay those taxes).
BTW, seriously, what are the democrats willing to sacrifice for the fiscal cause, anyway? All I've heard about so far is taxing Republicans more. What about their "fair share?" What are they going to contribute????
The Mao suit: ideology expressed through dress Mao Zedong recognized the power of dress to project nationalism and ideology. On 1 October 1949 at the grand ceremony in Beijing marking the founding of the People's Republic of China, he wore a modified form of the Sun Yat-sen suit. Mao had worn this style of suit since 1927 but it was only after 1949 that it was adopted by the majority of the Chinese population. It is known in the West as the Mao suit.
Yep. The problem with socialism is eventually the thieving politicians run out of everybody elses money to buy votes with.
The Big Pharma anti smoking front groups spread this lie in order to encourage states to hike cigarette taxes.
The sales pitch was “you will save billions in Medicaid health costs. Crack down and coerce smokers to quit and buy our nicotine gums, lozenges, patches.”
The 2 dirty little secrets were...
1. Smokers on average die earlier and save the STATE money.
2. Gubmint makes more money off cigarettes than Big Tobacco. The MSA made them partners in crime.
I don’t know what Big Phrma has up their sleeve with obesity but I bet you it involves a pill and billions of dollars.
Electronic cigarettes just prove for the 6,596,425,501st time in human history that human engenuity and brilliance beats central planning every time.
About 15-20 years ago California passed a candy tax. You got it, it hurt sales so they reversed it.
“The last twinkie is a freeper....”
Thanks; I hadn’t thought of it that way . .
What is the MSA?
Unfortunately, Twinkies and Hostess Cupcakes are going out of business and won’t be able to contribute to the revenue stream necessary to avoid the fiscal cliff.
I never said the government had the right to control us. I said the government will control us if we don’t control ourselves.
If we Americans would control our eating habits and not burden the the healthcare system with self-induced illness and diseases, the government do-gooders would have no or at least less reason to get in our lives about it.
We gripe about Americans, who lacking self disipline, don’t work and become a burden on the system. But its somewhat of the same thing when we as Americans are making ourselves fatter and fatter and sicker and sicker, due lack of self discipline in our eating patterns, put burdens on each other in terms of the high cost of health care and health insurance.
I paraphrase Ralph Waldo Emmerson who said, Every man talks about improving society, but no MAN improves. Meaning to me
that society is made up of individuals. The more self discipline each individal has, the better the society we will have. I hate government control, but there are things we do or don’t do to bring some of this government control upon ourselves. Just sayin.
It's the government do-gooders and their enablers that allowed placing one persons burdens on another in the first place.
Don't be an enabler, and excuse unlawful behavior by government.
/johnny
Which would be meaningful, if the government didn’t step in whn we do control ourselves. There is nothing government will not step into.
What we need is a real progressive tax. The more progressive you are, the more you should be taxed.
Thanks for the ping!
ALL LEFTISTS: Tax increases on everything solves everything! It never ends for the worldwide left.
Somebody else will end up making all of these popular Hostess products/American staples.
Whats next, a society that has its people with countdown clocks embedded in their DNA, you have to pay a Life” tax to get additional life?
Oh wait, they made a movie about that didn’t they, and the ending.....?
Ha! Look at that!
Of course they conveniently forget that Clinton fessed up that he had raised taxes too much...
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