Posted on 07/15/2002 9:49:55 AM PDT by KMC1
Ok, that's it! I've had it. No more will I sit and tolerate this game of verbal "intellectualism" and allow it to continue to makes its specious arguments about my taxes. I've had it up to here, (imagine hand somewhere between my head and the ceiling) and I'm "not going to take it anymore!"
I returned from my morning breakfast meeting in a rather good mood today. That is, I was in a good mood until I picked up my Chicago Sun Times. There on the front page, (the only story ON the front page) was not a news story, though it passed itself off as one, but rather an op-ed hit piece on the President. Instead of reporting actual news, the first paragraph of the story makes these "the ruining of corporate America is all our government's fault & even if its not they do accounting worse anyway" kinds of comparisons!
Substituting for actual journalism, the Associated Press & Martin Crutsinger, make speculative statements. In the mainstream press, this has become the way of the everyday reporter. Bernard Goldberg, author of Bias, and Ann Coulter, #1 NY Times Best-selling author of Slander, both make this case extremely effectively. However, the front page of Chicago's most read newspaper has really angered me today because the lies have become less subtle and sophisticated, and in this case imaginative.
In paragraph three, Crutsinger makes the claim that the government had similar accounting practices to WORLDCOM in place just to be able to meet the "$33 billion dollars to cover the costs of President Bush's 'big' tax cut." In paragraph seven, he makes the claim that shady accounting caused surplus projections to be cut and that the $1.36 trillion dollar tax cut caused the surplus to dwindle away into nothing.
Well two words to Mr. Crutsinger: "So what!"
I'll start with the basics and try to speak slowly so that he and the other fuzzy thinking "journalists" writing tomorrow's front page story can actually follow along. Besides the fact that we are fighting the most sophisticated war we have ever faced in our nation's history, besides the fact that Mr. Bush's predecessor left us with a recession that we are already recovering from, the tax cut was and is the most important way to keep our "red ink" from becoming insurmountable.
Now I know he doesn't understand, so let's break it down. War is expensive, and unless you're one of the left-headed loonies that somehow believes that we brought 9.11 on ourselves, you should be thankful that we are spending "whatever it takes" to insure that it never happens again. But in order to insure that it doesn't, we have to "track down the bad guys". You may not even believe that "bad guys" exist, but evidently seventy-five percent of Americans do and are thankful that we are fighting to stop them.
Secondly, the President, did nothing inappropriate to "cook the books" in any way to get the tax-cut through. If he would have, he would have had to snooker both houses of Congress and a nationally televised audience for it to pass. Your implication that my tax cut, is in some way like unto the woes of WORLDCOM, is silly. Forget the fact that these were monies that I overpaid to the government. Forget the fact that this is money that I earned. Forget the fact that our federal government was never designed to be the great "welfare provider" that it has given birth to. Forget all of these rather important facts. Instead concentrate and focus your attention to what needs to happen to cure a recession, to provide more monies for the government, and to set your mind at ease.
Cut the taxes further.
When Ronald Reagan and John F. Kennedy both made their historic tax cuts, people earned more money afterwards - thus paying more taxes. Let me keep what I earn and invest in the marketplace and pay taxes accordingly - you won't be disappointed - trust me.
Mr. Crutsinger, just to get you to my main point I glossed over the fact that you made the accusations that you did. The "War on Terror" has caused us to "go into the red", far more than the very small tax cut that we taxpayer's deserved to be given.
You sit under the protection of a nation whom you despise. Perhaps that is your prerogative. If you wish to demonstrate your opposition to that by paying taxes through the nose, then by all means - get your checkbook out and start writing.
But try this one on for size:
If the case you make is "the government has committed more accounting fraud - simply to accommodate a tax cut," then why would you be in such strong favor of sending that corrupt government even more of the money you earn? Wouldn't you be more than happy to keep monies from being poorly watched over by those "return it to the working people" types?
Ok, so now on to page 2 of today's paper...
Contact: kmc@wyll.com
If the case you make is "the government has committed more accounting fraud - simply to accommodate a tax cut," then why would you be in such strong favor of sending that corrupt government even more of the money you earn? Wouldn't you be more than happy to keep monies from being poorly watched over by those "return it to the working people" types?
To out-compete politics one must think beyond politics.
Daschle's criticism of Pitt is also unusual because Mrs. Daschle had a similar career trajectory to Pitt's, going from industry representative to industry regulator. After years of lobbying for aviation interests, Mrs. Daschle became deputy administrator of the Federal Aviation Administration in 1993. Later, she served as acting administrator of the agency.
After leaving office, Mrs. Daschle went back to lobbying for airlines she had regulated.
Senator Daschle slams SEC chair for industry ties while wife continues lobbying!
That's a glaring example of how the federal government and Capitol Hill operate by enslaving the business community to engage in colluding with the government. ...To enjoin parasitical politicians and self-serving bureaucrats with political-businessmen seeking unfair competitive advantages. Whereas market-businessmen do not seek the government's monopoly on force to gain unfair advantages. Yet they get stuck paying the price for not bowing to parasitism. They are burdened by government regulators and government-colluding competitors.
The Daschle Duo are the champions. The leftover mascots of their "great" leader, William Jefferson Clinton. Now their trying to mirror his tactics.
How the collusion pans out.
Congress has created so many laws that virtually every person is assured of breaking more than just traffic laws. Surely with all this supposed lawlessness people and society should have long ago run head long into destruction. But it has not.
Instead, people and society have progressively prospered. Doing so despite politicians creating on average, 3,000 new laws each year which self-serving alphabet-agency bureaucrats implement/utilize to justify their usurped power and unearned paychecks. They both proclaim from on high -- with complicit endorsement from the media and academia -- that all those laws are "must-have" laws to thwart people and society from self-destruction.
Again, despite not having this year's 3,000 must-have laws people and society increased prosperity for years and decades prior. How can it be that suddenly the people and the society they form has managed to be so prosperous for so long but suddenly they will run such great risk of destroying their self-created prosperity?
Supply-side consultant Jude Wanniski, in a letter to clients last Thursday, said: "There is absolutely no doubt that the beating Wall Street is taking is the result of the frenzy in the U.S. Senate to make it a crime to do business in the United States."
Threatened by Congress
Foreign capital is exiting the stock markets too. Here's another example of how the government harms the economy via it's monopoly on force.
"...It gets even worse. Because of the IRS implementation, earlier this year, of "Qualified Intermediary" (QI) Regulations, privacy concerned foreign billionaires (and millionaires), who have until recently been responsible for large amounts of foreign investment in the United States, are now moving their investments to more "private" jurisdictions, as well. The reason is simple. The QI Regulations require foreign financial institutions who invest client money in the United States to reveal the true identity of individual investors or lose the right to serve as a "Qualified Intermediary" for US investments. Those billionaires (and millionaires) who want to preserve their privacy are just directing those financial institutions to invest their money elsewhere...."
http://www.actionamerica.org/taxecon/privfactor.html
He sees the two big political parties competing "to see which can force more morality on the American businessman."
The government is the all time champion of cooking the books and it has the gall to point fingers at the whole business community because of a few bad apples. The entire business community and employees that support it should stand tall against a government feigning to protect the little guy from organizations that cook their books.
If there was ever a prime example of the fox guarding the hen house it is the government claiming to protect the little guy from organizations that cook their books. President Bush will have to militarily smash down terrorism. For that is his job. It's not the President's, congress or' the government's job to manipulate the economy.
The business community with their employees will have to stand tall against the PC-status-quo fox -- self-proclaimed authorities claiming/feigning they'll use the government to protect the little guy and a complicit media and academia that supports them; for they are all the fox -- to regain their rightful place as the champions of honest business that has always increased the well-being of people.
The government, having already manipulated the economy to almost no-end, President Bush can play the unbeatable five-ace hand of replacing the initiation-of-force IRS and graduated income tax with a don't-pay-the-tax-if-you-don't-want-to consumption tax. For example, implement the proposed national retail sales tax (NRST). Not only would that win votes for Bush and republicans in congress it would boom the economy while fighting off a looming economic double-dip inflation/recession headed for depression.
Yes, the genie is out of the bottle. Where will it lead?
War of Two Worlds
Value Creators versus Value Destroyers
Politics is not the solution. It's the problem!
The first thing civilization must have is business/science. It's what the family needs so that its members can live creative, productive, happy lives. Business/science can survive, even thrive without government/bureaucracy.
Government/bureaucracy cannot survive without business/science. In general, business/science and family is the host and government/bureaucracy is a parasite.
Aside from that, keep valid government services that protect individual rights and property. Military defense, FBI, CIA, police and courts. With the rest of government striped away those few valid services would be several fold more efficient and effective than they are today.
Underwriters Laboratory is a private sector business that has to compete in a capitalist market. Underwriters laboratory is a good example of success where government fails.
Any government agency that is a value to the people and society -- which there are but a few -- could better serve the people by being in the private sector where competition demands maximum performance.
Wake up! They are the parasites. We are the host. We don't need them. They need us.
In both these cases tax revenues increased
So if we need to raise more money to run our governement, we should follow history and cut marginal tax rates.
What the hell is wrong with the Bush Administration.
If I wanted moronic Keynesian Socialists I'd would voted for Gore.
That's right, the politics of the future will not be left vs. right. It will the between those who believe in the dynamic vs. those who insist on status quo.
And stasis is slow death.
Terry Savage (the financial commentator/columnist) made a comment on WLS a few months ago.
Capitalism is the unequal distribution of wealth. On the other hand, Socialism is the equal distribution of poverty.That really explains it all.
WorldCom accounting classifies liabilities as assets.
FedGov accounting classifies Social Security receipts as general income.
This scheme was created by that great Liberal Democrat President Lyndon Baines Johnson.
So are you trying to suggest that tax rates should be 50% to optimize revenue?
http://www.polyconomics.com/searchbase/02-12-99.html
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