Posted on 11/26/2012 4:04:37 PM PST by Tolerance Sucks Rocks
Obamas former chief economist Larry Summers thinks that one way to break Americas fall off the over-reported fiscal cliff is to raise taxes to the level they were under Clintons administration. Echoing Paul Krugmans 90% tax rate nostalgia and pointing out that it was conservative icon Ronald Reagan who cut taxes to 50%, he said, Its 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 thats beside the point.
Raising already existing taxes is only one way to cushion our fall. Summers, a professor at Obamas alma mater, is certain that soon well have taxes on carbon, energy and junk food. In fact, he was surprised that Americans didnt 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 everybodys lives. And if taxing doesnt work, just tax more.
(Excerpt) Read more at godfatherpolitics.com ...
Nope, didn’t see this one coming. Oh well, at least our clothes don’t stink. Who cares about individual liberty, or private property, when we can bend others to our will!
“I never said the government had the right to control us. I said the government will control us if we dont control ourselves.”
They might think they can try, but that is why our Founders wrote the 2nd ammendment.
“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.”\
And there you have it. You have already accepted their base assumption that it is acceptable to approach health care as a collective. It used to be that insurance was a product that allowed individuals to pool risk, then it transitioned to a collective, socialistic system of care.
By accepting that argument as your starting point, you make it acceptable to allow for a ruling class to dictate any aspect of our lives that affect the cost of that care. There is no limit!
The pact the tobacco companies signed with the government to reimburse it for years of sick smokers - the catch is not a single penny has come from any tobacco company. The $200+ 25 year agreement is paid 100% by smokers with a 45cent per pack "tax" -
So when you hear talk abut the tobacco industry settlement and paying the government remember, only smokers are paying for it.
Gabz explained it well. Basically, the $500/hr “evil” big tobacco company lawyers were brilliant and took advantage of the greedy state attorney generals. They cut them in as partners. Gubmint makes more money off cigs than the companies who make them. Billions.
The states used the money and collateralized it in tobacco bond offerings to plug budget deficits.
Gabz best friend Dr. Siegel had a post about it today.
http://tobaccoanalysis.blogspot.com/2012/11/campaign-for-tobacco-free-kids-boasts.html?m=1
The whole thing is so seedy you are better off not knowing what is going on. It will only piss you off.
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