- Apparently the major oil companies are taking heat from Democrat congressmen because they had $100B in profits last year. What they're not telling you is that Government made $440B in (plundered) profits from Big Oil last year. ExxonMobil alone is reported to have paid more in taxes than the lower half of all individual income earners last year. Who's the bad guy here? Remember that Thomas Sowell quote I included yesterday?
- A Madison, WI high school student is suing the Tomah School District because he refused to remove religious references from a project he turned in and earned a zero. I hope he wins big on this one. If the government schools want to separate church and state, then they have to keep antitheism out too.
- A related story alludes to a less than 50% graduation rate in a large number of the largest US cities. The problem here is two-fold: lack of teaching of personal responsibility AND failure of our school systems to be much more than indoctrination centers.
- Yeah, gas prices are up and the economy's cooling down right now, but are we really in a recession or depression as the lamestream media want everyone to believe? Economic conditions were actually worse in 2000 near the end of the Clinton Administration, but you never heard a blurb about the economy being so bad. Couldn't possibly be that we had a Democrat president at the time and have a GOP president now, could it? Couldn't possibly have anything to do with the fact that the US sheeple believe everything they hear in the press and the media are leveraging that in an election year, could it? The single-largest factor in the cause of any possible recession or depression right now is the media reporting.
Showing posts with label taxes. Show all posts
Showing posts with label taxes. Show all posts
4.01.2008
Lots to speak of today...
Today's tidbits come from my reading of the articles at Fox News:
3.31.2008
Quotes for today...
Folks... I found a great political cartoon site today called Red Planet Cartoons. Do yourself a favor and visit.
While I was there, I picked up a couple quotes of value. First by Thomas Sowell:
This was said, of course, in reference to everyone's blaming of high gas prices on the greed of the oil companies rather than government interference and taxes. Nevermind that the oil companies make about 9 cents per gallon and government takes around 42.
And this one from our greatest President, Ronald Reagan:
The reference here should be obvious.
While I was there, I picked up a couple quotes of value. First by Thomas Sowell:
Nothing is easier, or more emotionally satisfying, than blaming high prices on those who charge them, rather than on those who cause them.
This was said, of course, in reference to everyone's blaming of high gas prices on the greed of the oil companies rather than government interference and taxes. Nevermind that the oil companies make about 9 cents per gallon and government takes around 42.
And this one from our greatest President, Ronald Reagan:
Republicans believe every day is July 4th. Democrats believe every day is April 15th.
The reference here should be obvious.
2.18.2008
Hilarious... but not really
Sitting here on my day off getting some chores done, I had to stop and watch a bit on Cavuto where a Democrat strategist was on with two economists (sorry, I don't remember any of their names) and Neil discussing Obama's and Hillary's budget plans. It wasn't pretty... kind of like a lamb going to the slaughter; the economists had a field day.
Folks, I'm not kidding when I say this: The Democrats want nothing more than to expand the entitlement state in order to buy more votes for themselves. Remember what I quoted a couple months ago about the the stability of great nations and the people voting themselves money out of the public largess? We're seeing that played out now.
I have a great plan with which we can put a real quick stop to this bullshit. Since the existence of government is borne by those who fund it, is it not fair that the weight of the vote of each constituent is proportional to how much each taxpayer pays in? What a way to keep checks on government thuggery! If someone wants to tax high-achievers disproportionately, then the high-achievers have a strong defense against it. After all, they're paying more for it.
Hell, this plan may even bring more money into the government in the form of donations from people wanting more say. It might even motivate lower achievers into achieving more. My goodness, coupled with the FairTax, this plan could super-energize the economy.
With the entitlement-based attitude most people have now, this will never happen.
Folks, I'm not kidding when I say this: The Democrats want nothing more than to expand the entitlement state in order to buy more votes for themselves. Remember what I quoted a couple months ago about the the stability of great nations and the people voting themselves money out of the public largess? We're seeing that played out now.
I have a great plan with which we can put a real quick stop to this bullshit. Since the existence of government is borne by those who fund it, is it not fair that the weight of the vote of each constituent is proportional to how much each taxpayer pays in? What a way to keep checks on government thuggery! If someone wants to tax high-achievers disproportionately, then the high-achievers have a strong defense against it. After all, they're paying more for it.
Hell, this plan may even bring more money into the government in the form of donations from people wanting more say. It might even motivate lower achievers into achieving more. My goodness, coupled with the FairTax, this plan could super-energize the economy.
With the entitlement-based attitude most people have now, this will never happen.
1.25.2008
Tax rebates are coming.
This is a great plan by the Bush Administration, except that the Democrats, while realizing that it's a great plan, threaten to doom it unless certain concessions were made. For instance: 35M families who make at least $3,000 but don't pay taxes would get $300 rebates.
'Scuse me, but how in hell could someone who doesn't pay into something get a rebate on it? Only in the Democrat mind, where buying votes from those who've chosen to not help themselves leads to such outlandish ideas.
Even better, there were some Democrat crackpots like Charles Rangel (NY) and Ted Kennedy (D-MA), the Hero of the Chappaquiddick, who were very unhappy that arrangements to include additional benefits such as extending unemployment benefits for workers whose benefits have run out and plans to increase food stamp payments were left out of the plan.
Rangel said, "I do not understand, and cannot accept, the resistance of President Bush and Republican leaders to including an extension of unemployment benefits for those who are without work through no fault of their own," Rangel said.
Yeah. Unemployed people are without work through no fault of their own. More socialist hand-wringing.
'Scuse me, but how in hell could someone who doesn't pay into something get a rebate on it? Only in the Democrat mind, where buying votes from those who've chosen to not help themselves leads to such outlandish ideas.
Even better, there were some Democrat crackpots like Charles Rangel (NY) and Ted Kennedy (D-MA), the Hero of the Chappaquiddick, who were very unhappy that arrangements to include additional benefits such as extending unemployment benefits for workers whose benefits have run out and plans to increase food stamp payments were left out of the plan.
Rangel said, "I do not understand, and cannot accept, the resistance of President Bush and Republican leaders to including an extension of unemployment benefits for those who are without work through no fault of their own," Rangel said.
Yeah. Unemployed people are without work through no fault of their own. More socialist hand-wringing.
1.21.2008
Woe are the global markets...
Interesting. Today, I heard on NBC Nightly News that markets in countries all over the world sustained large drops in value today (the US markets showed no change for the holiday). The media talking heads blamed it on the coming multi-billion dollar Bush economic expansion plan. You know, the one where the mainstream media have been moaning that perhaps as much as $800 will be distributed to each taxpayer? I've got a number of related thoughts about all of this, so bear with me.
(1) Why are those that don't pay any taxes at all bitching about not getting a tax refund? They didn't pay in, so how could they believe that they are possibly entitled to any refund? It's like stealing something from a store, and then being outraged that the store won't give "your" money back when you return it.
(2) So the mainstream media were all gloom-and-doom about tomorrow's market activity. Something tells me that, while the market has been very volatile lately, that there won't be much change. In fact, it may rise. Remember, the prime mover for any market is consumption. If the Bush plan puts money in the hands of those who are most likely to spend it right away, that money is going to come right back into our market. Though the media aren't willing to say anything about the results of the 2001 economic stimulus that Bush pushed through, the results were fairly grand, considering the market environment of the time. This will increase the purchasing power of our dollar against the other markets.
(3) Why in hell are we letting President Bush or any other government crony hold our purse strings for us? Even though I believe that giving money back to those that pay it is a good thing, I don't believe that they should be confiscating it at all. I don't need anyone telling me how to spend my money... what I work hard for everyday. That's why I support the FairTax.
(4) Related to this are the issues of illegal immigration, job deportation, and unemployment. To keep it simple: Employees join unions thinking that the unions are looking out for their best interests. The unions negotiate contracts increasing wages for their workers (in essence, buying their support) without taking into consideration any performance-based incentives. The unionized jobs become overpaid and the work output becomes sloppy. The companies find themselves in an unsustainable position. The companies fold, putting these highly paid union workers out of jobs.
These former employees, who are today's unionized workers, are unwilling to do what they have to do to make ends meet, in other words, they will not accept a lower-paying job so that they can make ends meet in the meantime. Illegals, who are willing to work these lower-paying jobs, because they are better than they had before, create a market for themselves with the companies. Those companies that cannot find reasonably priced labor are forced to deport their jobs to countries with lower costs of living to stay afloat. This causes the US markets then suffer overall.
And the cycle continues until it is interrupted properly. The proper way to interrupt it is for everyone to use their heads and not join unions. This goes hand in hand with people learning that they should be paid based on their skills and performance. Good luck getting today's employees who believe everything should be handed to them on a silver platter to understand that.
This is basic economics, folks. No rocket science, here.
(1) Why are those that don't pay any taxes at all bitching about not getting a tax refund? They didn't pay in, so how could they believe that they are possibly entitled to any refund? It's like stealing something from a store, and then being outraged that the store won't give "your" money back when you return it.
(2) So the mainstream media were all gloom-and-doom about tomorrow's market activity. Something tells me that, while the market has been very volatile lately, that there won't be much change. In fact, it may rise. Remember, the prime mover for any market is consumption. If the Bush plan puts money in the hands of those who are most likely to spend it right away, that money is going to come right back into our market. Though the media aren't willing to say anything about the results of the 2001 economic stimulus that Bush pushed through, the results were fairly grand, considering the market environment of the time. This will increase the purchasing power of our dollar against the other markets.
(3) Why in hell are we letting President Bush or any other government crony hold our purse strings for us? Even though I believe that giving money back to those that pay it is a good thing, I don't believe that they should be confiscating it at all. I don't need anyone telling me how to spend my money... what I work hard for everyday. That's why I support the FairTax.
(4) Related to this are the issues of illegal immigration, job deportation, and unemployment. To keep it simple: Employees join unions thinking that the unions are looking out for their best interests. The unions negotiate contracts increasing wages for their workers (in essence, buying their support) without taking into consideration any performance-based incentives. The unionized jobs become overpaid and the work output becomes sloppy. The companies find themselves in an unsustainable position. The companies fold, putting these highly paid union workers out of jobs.
These former employees, who are today's unionized workers, are unwilling to do what they have to do to make ends meet, in other words, they will not accept a lower-paying job so that they can make ends meet in the meantime. Illegals, who are willing to work these lower-paying jobs, because they are better than they had before, create a market for themselves with the companies. Those companies that cannot find reasonably priced labor are forced to deport their jobs to countries with lower costs of living to stay afloat. This causes the US markets then suffer overall.
And the cycle continues until it is interrupted properly. The proper way to interrupt it is for everyone to use their heads and not join unions. This goes hand in hand with people learning that they should be paid based on their skills and performance. Good luck getting today's employees who believe everything should be handed to them on a silver platter to understand that.
This is basic economics, folks. No rocket science, here.
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