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The 2% Illusion (EVERYONE'S ox is gonna get gored - not just the rich)
The Wall Street Journal ^
| February 26, 2009
| Editorial
Posted on 02/25/2009 8:25:14 PM PST by St. Louis Conservative
click here to read article
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To: PAR35; TigerLikesRooster; AndyJackson; Thane_Banquo; nicksaunt; MadLibDisease; happygrl; ...
*Ping!*
21
posted on
02/26/2009 6:52:12 AM PST
by
rabscuttle385
("If this be treason, then make the most of it!" —Patrick Henry)
To: Keyboard Commando
All development is now done by sweet, enthusiastic Filipinas in the Philippines.I like the sound of that.
22
posted on
02/26/2009 7:01:52 AM PST
by
Stentor
To: Reeses
The news pages are pretty typical for a mainstream newspaper, however the editorial page is fantastic. They have great conservative writers over there.
To: St. Louis Conservative
Not only is the Obambi administration fiscally irresponsible it is only financially insane. The Obambi administration is making the spending by the previous republican majority Congress look like a bunch of misers by comparison! Don’t they know our country is financially bankrupt. Can’t they get that simple fact through their thick skulls? By driving the country deeper into debt is prolonging the agony. These are irresponsible dangerous people and they should all be impeached immediately.
To: Senator_Blutarski
We will find ways to reduce our taxable income. A second front could be to put sand in the socialist gears, help turn every redistributionist program into an over-budget disaster, not that it wouldn't become one anyway. The internet is our information friend. We now have super-human powers of communication, open source wisdom, and information sharing.
Another thing is to keep up appearances of wealth: a beautiful green lawn, the house front in good repair, a clean new-looking SUV, a smoking chimney, laughter and happiness. Tell all your neighbors about the great restaurants and vacations out there. Don't let them win in their effort to turn America into Cuba Norte.
The root cause of war is envy, and envy is attacking. This war has broken out and is on!
25
posted on
02/26/2009 7:24:54 AM PST
by
Reeses
(Leftism is powered by the evil force of envy.)
To: Huck; St. Louis Conservative
Those who resent people making 6 figures just dont know an honest way to do business with them. Laffer was right.
I see it in my business (real estate). I've already notified the contractors I use that I will not be doing any new rehab or remodeling this year. Also, if my tax burden is increased then I will delay start up until the rents reflect my increased costs.
I'm in business to make money. I'm not a social welfare agency.
26
posted on
02/26/2009 7:27:34 AM PST
by
wmfights
(If you want change support SenateConservatives.com)
To: St. Louis Conservative
But let's not stop at a 42% top rate; as a thought experiment, let's go all the way. A tax policy that confiscated 100% of the taxable income of everyone in America earning over $500,000 in 2006 would only have given Congress an extra $1.3 trillion in revenue. That's less than half the 2006 federal budget of $2.7 trillion and looks tiny compared to the more than $4 trillion Congress will spend in fiscal 2010. Even taking every taxable "dime" of everyone earning more than $75,000 in 2006 would have barely yielded enough to cover that $4 trillion.
I"m glad someone broke down the numbers. I knew it wouldn't work, but having the facts always helps.
On top of this, increasing taxes will make a good percentage of those decide to quit working so hard. Punishing succeess lead to less of it.
And there will be less making $250,000 this year and next because of the economy. The Dems are doing exactly what CA is doing: raising taxes during a recession and it will likely lead to lower revenues than if they had rewarded hard work.
To: wmfights
The Obambi administration is one of the most anti-business administrations in US history so far and unfortunately this is going to continue.
To: Ethrane
just quit my second and third jobs moonlighting...it just aint worth it.
It wasn't worth it for me to work at all (being a 2nd income) before, it certainly won't be with a punitive Dem confiscatory tax. Not to mention, when the Bush tax cuts expire, EVERYONE will be paying higher taxes. But the idiot Obama voters think it can't possibly happen to them! Sad thing is, they probably won't notice. That requires understanding simple math.
To: Reeses
Another thing is to keep up appearances of wealth: a beautiful green lawn, the house front in good repair, a clean new-looking SUV, a smoking chimney, laughter and happiness. Tell all your neighbors about the great restaurants and vacations out there. Don't let them win in their effort to turn America into Cuba Norte.
I'm with you on the laughter and happiness. But I was thinking of quitting supporting this socialist society, going to live in the woods simply and deliberately, and being supremely happy.
To: CottonBall
The Dems are doing exactly what CA is doing: raising taxes during a recession and it will likely lead to lower revenues than if they had rewarded hard work. Democrats don't necessarily want more tax revenues. They want you cowering in a one bedroom dilapidated apartment watching them, your communist leaders, on a community-approved sized TV, not emitting any more CO2 than from tofu and bean sprout digestion.
Continue to work hard and enjoy life. Just work hard at things that cannot be taxed during the socialist era. Self performed home-improvement is an example.
31
posted on
02/26/2009 7:45:22 AM PST
by
Reeses
(Leftism is powered by the evil force of envy.)
To: CottonBall
going to live in the woods simply and deliberately Don't let them win. They want you to drop out and stop being a source of envy to them. Even driving an old rusty truck, a vehicle they don't own, makes these sick people envious. They want you to go back to living as a hairless baboon eating grubs off a stick, while they continue to stew in their sorry lives. Misery loves company.
There is much benefit to playing on a team, just not a team that plays against itself. Civilization has its problems but it's a better way to live. Don't give up.
32
posted on
02/26/2009 7:56:10 AM PST
by
Reeses
(Leftism is powered by the evil force of envy.)
To: FlashBack
Interesting comment because I’ve been thinking the same thing; I just don’t have the time to intelligently research these matters, but this administration and it’s backers are strangely more resemblent to National Socialism or Fascism than Marxism. And it’s accompanied by the anti-Israel flavor as well, or at least that’s what I detect.
What I can’t remember/research is the Fascist link to the economy. I know they did it different than did the Stalinist regimes but I can’t recall the differences.
33
posted on
02/26/2009 8:25:51 AM PST
by
glide625
(liked, but not well liked.)
To: glide625
There are some good books out there on business, such as it was, in the Third Reich. One such book is a classic: The Vampire Economy: Doing Business under Fascism.
34
posted on
02/26/2009 8:33:56 AM PST
by
Army Air Corps
(Four fried chickens and a coke)
To: glide625
Check out this thread...It is a long post but it is a must read:
http://www.freerepublic.com/focus/f-news/1181490/posts
35
posted on
02/26/2009 8:37:20 AM PST
by
FlashBack
('0'bama: "Katrina on a Global Level")
To: Reeses
The root cause of war is envy, and envy is attacking?
HS. The root cause of the war is a whole bunch of folks earning $50M a year who lacked any common sense and crashed the economy by investing in Miami condos and high end girlfriends. Most sensible folks know the difference between someone earning his salary and someone ripping off the public. Plenty to be angry about without getting jealous of those who actually did get somewhere through talent and personal accomplishment.
To: Reeses
Democrats don't necessarily want more tax revenues.
Of course they do. They cannot support their agenda without money.
To: Reeses
Don't let them win. They want you to drop out and stop being a source of envy to them.
You don't get what I'm saying. I don't need all the materialism that's been so rampant the past few years - nor do I want it. And I'm not going to pretend to just to make people envy me. That would be rather narcissistic.
Comparing living simply to being a hairless baboon is pretty condescending. I guess you've never read Thoreau. Or understood it if you did.
To: GeronL
"oh, he was telling a half truth. It wont be a dime." Thats what always scares me about dims. Just like with the toon, with the zero we're going to have to parse his words and find out what he really means.
I think you're right. He said most of us won't see our taxes increased by "one single dime". We're gonna be taxed a whole @#$%^& boatload of dimes and that POS can still say he kept his word.
39
posted on
02/26/2009 9:00:06 AM PST
by
libs_kma
(F.U.B.O.)
To: St. Louis Conservative
Obama is also planning on eliminating/reducing many deductions including state and local taxes and charities. He is like a bull in a china shop. He is wrecking this country.
40
posted on
02/26/2009 9:05:37 AM PST
by
dervish
(it is as bad as we feared)
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