The debate rages on; almost always never resolved. Do tax hikes benefit or harm economies?
On the one hand, the argument is that the State needs the income to do the People’s Business. On the other hand, taxes are a burden and a head wind for economic growth.
Who wins out?
Posted in Economics, Government, Politics: National, States Behaving Badly
Tagged Abuse of Power, Capitalism, Democrat, Illinois, Jimmy Johns, Taxes
A favorite tactic of the Left is to create a problem, exploit it and then sell us on the solution.
Example:
We should force the government to pay for the medical care of people who have no money.
There are people in this country that are using the emergency room as their primary care physician. This costs Americans billions of dollars a year and creates inefficient emergent care facilities.
We need to pass this health care bill so that we can avoid paying billions of dollars a year and restore order to emergent care facilities.
See? Create a problem through legislation. Leverage the predictable consequences. Pass new legislation.
And here we go again; Version 1,376,892:
MINNEAPOLIS – The federal government proposed Thursday to reward farmers who use crop insurance and demonstrate good management practices that limit their losses.
Because the federal government can do what the market can’t?
The plan will cost about $75 million, but the Federal Crop Insurance Corporation said the benefits will outweigh the costs by promoting sound farming practices that reduce losses, discouraging the filing of small claims and encouraging producers to keep using crop insurance.
So, we need to spend $75 million to encourage farmers to do what they SHOULD be doing already? So tell me, why wouldn’t farmers be motivated to “promote sound farming practices that reduce losses, discourage the filing of small claims and encouraging producers to keep using crop insurance?”
Could it be….
…the savings may allow for decreases in future premium rates, reducing costs to farmers and taxpayers who subsidize the federal crop insurance program.
THERE it is.
We create a problem; we subsidize farmers.
Then we exploit the results; farmers are losing their farms and costing tax payers.
Then we pass legislation to fix those results.
How about we just quit paying farmers that aren’t able to remain competitive, let them fail and allow the great farmers to farm more and more land?
Nah.
Posted in Government, Politics: National, States Behaving Badly
Tagged Abuse of Power, Subsidy, Taxes
In the private sector, a service is something that is meant to be maximized; made better. This in an effort to lure more and more people into purchasing you r product – your service.
When the government is doing a service it take monopoly share of the market. It’s illegal for FedEx and UPS to deliver packages to a mailbox [ a mailbox that I purchase by the way ]. The government licenses cars. Issues driver’s license. The government educates our kids. All of it, they mandate .
But the service they provide turns from something that is meant to be grown and made better to something that is meant to be minimized and made cheaper.
Watch
Posted in Economics, Liberty, Politics: National, States Behaving Badly
Again with politicians making up language that fits their needs.
I once had an English teacher in high school. We were reading “The Merchant of Venice”. In the story, Shylock loses his estate due to a quirk of law. On one of our tests, the English teachers asks the True or False question:
Shylock lost half of his estate due to his legal dealings with Antonio.
I answered, “False”. After all, he lost the whole of the estate.
She marked it wrong, saying that if he lost ALL of his estate, certainly he lost half of it as well.
Words have meanings.
Posted in Economy, Politics: National, Politics: North Carolina, Senate
Tagged Democrat, Kay Hagan, North Carolina, North Carolina Politics, Taxes
With the advent of the Tea Party we’re seeing the tax debate being held more and more in the public square. I actually hear people talking about the “death tax” and “tax cut vs tax extension” in coffee shops and YMCAs.
I think it’s great.
However, in almost every single conversation, there is one aspect of the debate that I think gets left out; and it drives me crazy.
Posted in Liberty, Politics: National
Tagged Abuse of Power, Leftist, Taxes, Tea Party, Tyranny
Students Demanding That We Tax The Rich
The great debate of the day is The Compromise™. Or rather, what we’re gonna do about taxes on the rich. Obama ran on it for two years beginning in 2006. Liberals believed; believed either that he WOULD let the Bush Tax Cuts expire or that he COULD let the Bush Tax Cuts expire.*
And he didn’t.
He neither could nor would. And the great debate rages.
Posted in Economics, Economy, Politics: National
Tagged Barack Obama, Employment, Left, Leftist, Right, Socialism, Taxes, Unemployment
…about 8ft tall. Not too much shorter, no need for a short freshly cut pine tree. And certainly not much bigger; simple could not USE a big freshly cut pine tree.
Oh yeah, and I want it delivered to my house. Maybe-maybe not. But at the very least, it has to be dropped off for me to pick up no further than 3 tenths of a mile from where I live.
And when I say freshly cut, I mean literally, this sucker was in the ground 36 hours ago. MAX!
Sounds silly doesn’t it?
Posted in Economics, Politics: National, Politics: North Carolina
Tagged Leftist, North Carolina, Politics, Socialism, Taxes
So, the big news out of Washington is that Obama has compromised with the Republicans. Tax cuts for everybody all the while extending unemployment benefits for some more amount of time.
The complain from the Left, and I admit that I’m impressed the Left cares about such nonsense, is that the tax cuts will add to the deficit.
Posted in Economics, Politics: National
Tagged Barack Obama, Politics, Republicans, Taxes
So, I used to go to college. And I’ll use those days to illustrate my point when it comes to money, revenue, expenditures, debt and savings.
Back then it was more clear-cut on what was discretionary spending and what wasn’t. Further, back then my income was much more fluid and variable than it is now.
Okay, back in the day….
Taxes.
Good? Or bad?
Does it depend? Or does it NOT depend?
Either way, for a long time I’ve thought that we ALL saw taxes in the same way.
A method pf paying for the things we need to run a country, state, county, city or school.
Not so.