Got this from Rush's show today

EIB | July 25 | Rush

[R0CK3T]

I was listening to Rush today as he took a caller named "Carl", who identified himself as a millennial 24 year old and who also sounded fairly well educated. He made the claim to Rush that he the main reason why we are in such a great level of debt was due to the Wars and mainly because GWB gave a tax cut to the very rich and that specifically that Tax Cuts were "Government Spending". This is why we have a deficit. So Rush held him over a break and then he really attempted to get from Carl why he felt that cutting HIS taxes was the same as an Increase in Government Spending.

Basically Carl told Rush that he was happy to view his income as "the Government's Money". Rush really did allot to try to explain to him that it was HIS money, not THEIR money. But to no avail.

Then I had this thought and it really sort-of put a bit of a concern in me. If Carl sees his money as belonging to the Government, then its for darn sure that he sees my money as belonging to the Government.

This is Kook-speal level stupid.

This is Michael Moore going to Wisconsin and telling the people that there is plenty of money there to solve the problem - its in the wealthy people's banks accounts and it really the Government money anyway.

But this isn't Michael Moore, its some well spoken sounding 24 year old from KY (I think).

So if this is what young people his age think, how much trouble are we all really in?

[Trailerpark Badass]

But you have to think that if you extend his line of thinking to other folks that this is exactly where he ends up.

Yeah, but I have to think that Carl is too young to grasp how much of his/the govt's money they have already spent for him.

I'd bet Carl really has no clue how much he is on the hook for, for the rest of his working life.

[Keith in Iowa]

>>>So if this is what young people his age think, how much trouble are we all really in?

I think he was a seminar caller that got further than most. And he’ll pleasure himself at tapes of his call.

[CodeToad]

“he tells me that in 2008 80% were Obama people, well educated and very in your face Obama.”

Yep, angry, immature, and stupid is no way to go through life. I find older liberals are also of the “rebel against their parents” types.

[sam_paine]

The meme that "taxcuts are government spending" is growing.

And it grows the the dark, damp petri dishes of soundbites, because the thought is never finished.

If John Galt is paying $30,000 in taxes a year ends up paying $20,000 a year on the same income due to a taxcut, Carl (Karl M.?) calls this $10,000 in government spending.

And that's where we leave it.

But instead of tax cuts, if Galt quits or gets laid off, does that count as $30,000 in new government spending?

Thus, anti-business policies cost the most in government spending, if they want to play that game.

[AEMILIUS PAULUS]

I’m getting a headache trying to follow the words of this administration of clowns and their “reasoning.” Thanks for trying to explain it. (Maybe clowns is not the appropriate word perhaps term malignants fits better?)

[Arrowhead1952]

The meme that "taxcuts are government spending" is growing.

Yes, I've been hearing that phrase more and more as a dim talking point. I've asked more than one dim just who creates jobs, people with a lot of money or people on the government tit. That usually sends them mumbling something to themselves.

[Steve Van Doorn]

No, that would be lost revenue from the serfs. Which means a whipping is in order.

[jmacusa]

“Carls’’ parents were hippies.

[Bulwyf]

not my Alliance Church they don’t.

[Windflier]

...if these young people are so ignorant that they cannot make informed financial decisions and analysis when their own, personal interests are at stake... how does anyone expect them to make an informed contribution to the discussion about our national financial situation?

Awesome post, Dave.

I nominate you for Rush's next fill-in host. You've got the chops.

[DTogo]

The growing number of Carls who think your money (& property, Rights, etc) belong to or come from Government is why we’re headed to R2/CW2.

[Gondring]

Many on FR view it as the same thing. If you have a tax break, or tax credit, it is viewed as a hand out.

How about this...

"A tax break or tax credit is the government immorally exerting control over the people by fining those who don't act the way government wants (i.e., making them pay more than those who comply with government desires)."

If we want to fine people for not complying, let's come right out and slap a fee on people for being infertile, not having a mortgage, not putting solar panels on home, etc. Let's stop claiming that the tax money is the governments and that they're being nice by giving us something to us (if we comply).

[redgolum]

So letting me keep my own money is immoral? You sound like the caller.

[redgolum]

College is not a good investment for the majority of people. Hersey I know, but if you treat education as an investment, you look at it differently

[Gondring]

So letting me keep my own money is immoral?

If you keep yours, why should I not keep mine? Why should I pay for government services you use, such as military protection, at a higher rate than you? Why should a couple who can't have children pay more than one who can? Why should a man who can't afford to be constantly buying and selling domiciles be charged a fee (higher taxes) because he has to rent instead of take out a mortgage?

"Tax breaks" and "tax credits" are immoral. Tax reductions are moral.

You sound like the caller.

Actually, you sound more like Carl...or, maybe, Karl.

But instead of "each according to his means" it's "each according to the government's whim"...

[redgolum]

So you (or the State) have a claim to all of my money, because you feel I don't pay my fair share?

How about this. You mentioned the mortgage tax deduction. I pay property taxes, city taxes, and some special fees for owning my home. Same with the farm land I am part owner of. If you are a renter, you don't pay those fees and taxes, yet as a renter and resident you get some benefit out of my taxes. Should you be charged at a higher rate?

For the example of children. I do get a small credit for my daughter, but if you factor in the extra sales tax plus the projected taxes that she will pay in the future, it is a good investment. If you have no children, for what ever reason, you are not investing in the future for the same amount. All things being equal, the money I am spending now for the rearing of my children will pay off as future income for the state. It makes sense for a small tax credit.

Now, I would honestly prefer a “flat tax”. Everyone pays, say, 10% on income (a number just grabbed from the air). But the issue comes with how do you charge corporations, internal stores of materials, investments, etc.

But to say that since I have a tax credit means that I am taking money from you is odd logic. You, like Karl, seem to think you have a claim on other peoples money. You seem to think that other people not paying their money to you or the state is immoral. So, all money is property of the state to be used as they see fit, and no one has the right to their own property.