Rush is Right - Again, Rushonomics 101

Rush Limbaugh Website ^ | See Web Site | Rush Limbaugh

[Jack Bull]

yep

[Jesse]

From someone who owns a business and about to sell it and spending tens of thousands of dollars to lawyers and accountants to try and shelter this income from our greedy, rapacious, parasitic government...

Go, Rush!

[-No Way-]

Eliminate corporate taxes altogether, business would boom, and jobs flourish. Eliminate tax withholding, if taxpayers have to shell out at the end of the year-they would definitely scrutinize government taxing/spending.

As it is they really don't feel how much they are being ripped.

I could go for a flat tax - It would be built-in fairness - everyone would be taxed at the same rate and it would probably reduce the size of the IRS by 80%!

[supercat]

I could go for a flat tax - It would be built-in fairness - everyone would be taxed at the same rate and it would probably reduce the size of the IRS by 80%!

While many people seem to think it should be possible to have a simplified tax code while keeping the graduated tax scales and inheritance taxes, what they fail to realize is that those things necessarily lead to complications and things like the gift tax on >$10,000 gifts. Were it not for such restrictions, those in higher income brackets would be easily able to shift their wealth to trusted people in lower brackets, thus avoiding the higher taxes. Likewise, it would be much easier for people to give away large estates before their death so as to avoid estate taxes (which may wealthy people avoid using different loopholes anyway).

If everyone is taxed the same, the government will net the same income tax revenue no matter who passes money to whom. Thus, much of the need for many of the restrictive financial codes would vanish. Of course, that's probably why the flat tax will never be allowed to come to fruition: the government wants those restrictions for other reasons.

[-No Way-]

the government wants those restrictions for other reasons.

I read the above to really mean "the politician wants those restrictions for the wielding of political power"...  How close am I?

[meyer]

I could go for a flat tax - It would be built-in fairness - everyone would be taxed at the same rate and it would probably reduce the size of the IRS by 80%!

Not only would the IRS be reduced in size, but there would be a significant reduction in other non-productive employment as well. I guess it would have a short term negative effect in employment in the legal and accounting fields, but the long term effect would be to help release the noose around the neck of proprietors that actually produce things. Complicated tax laws do nothing but help employ people. Perhaps the ultimate jobs program gone amok!

[meyer]

2. he's right about u.s. oil companies not setting opec prices, but wrong about domestic pricing. american oil co's price by zipcode. if you live in a tourist area, you pay higher prices.

I'm not sure that there is a real problem here. Suppose you have two houses, both the same size and age and built on similar sized lots. One is in the inner city and one in a relatively high class suburban area. Would you charge the same price for each? Of course not. You'd sell each house for the highest price you could get. Don't get me wrong; I'm not necessarily a fan of huge corporations, but I would think that they should have the same pricing freedom that the rest of us enjoy. Just a thought.

[Tourist Guy]

Once again you've nailed it A2. Beware! Incoming!

[-No Way-]

I don't feel like wading through more of his propaganda than I have to. Whoops! did ya' accidentally get an issue of Pravda? <grin>

Source: Rush Limbaugh Website <---- Click Here

[meyer]

Get Rush Limbaugh's butt in this thread! I have no intentions of sitting on hold for hours and then going through his screeners, only to discover that there's no way that particular takes on things would ever get transmitted over the "excellence in broadcasting" network.

Have you ever tried to get on the show? Serious question as I've never tried it myself. I'm not anxious to get on the radio with him or anyone else for the most part. I do know he screens as he should to avoid any bazaar "off the wall" stuff. Anybody in their right mind would screen calls on a live radio show. People say the darndest things sometimes.

[jimfree]

I'm sorry. I wish that I could have read this entire piece because I know that his tax rate is the only issue that he really cares anything about. I began thinking that it would be easier to read him than listen to him, but I was wrong. Maybe I should just save it and read it sometime after I've had several drinks.

Be real. He's talking about my tax rate in 2000 and 2002. 2001 was not so good. Tax rate populism is a loser. No poor person ever hired me for anything of any substance. When I was making more money I spent much of it on services that I don't employ now but hope to employ again.

[supercat]

I read the above to really mean "the politician wants those restrictions for the wielding of political power"... How close am I?

Pretty close. At times a few months ago, this became clear: Democrats don't want to raise taxes just as a means of cutting the deficit--raising taxes is an end in itself.

Dirty little secret: big businesses and the upper-elites love Democrats and higher taxes, because they know that their rivals will be hurt more by such taxes than they themselves are.

[-No Way-]

There is "Open Line Friday" where Maha Rushie may...and I state... may take you on if you are as coherent speaking as writing.....talent on loan from God, deaf, and one half of his brain tied behind his back.... he also personally reads all his email.... <grin>

[meyer]

I guess that the only question I would ask you is whether or not your subject matter actually did pertain to subject at hand or not. I'm giving him a little benefit of the doubt here, as each show seems to have something of a theme. I would think that he wouldn't want to stray from it in a given show. It would lose continuity. It is the entertainment business after all. That much I do recognize.

Thanks for your response, by the way.