August 05, 2008


I'm tired, I don't have the energy to be truly original, so here is my plagiarized post of the day, after all GMTA, and I do provide a link to what I think is the best solution at the end.

The class-warfare elitists such as Barack "don't call me Hussein" Obama say:

"The rich don't pay their fair share"

OH, Really ? According to the Tax Foundation, in 2005 the top 1% of wage-earners in this country payed nearly 40% of the burden (an 11% INCREASE, BTW, over 1999, when WHO was President? Oh that's right...Bill Clinton).

Not fair?!?

'Well', you may be saying, 'that's because they have ALL the wealth!' Wrong again.

The top 1% of earners account for just 21% of the total adjusted gross income. Hmm. Come to think of're RIGHT! That really isn't fair. They're paying DOUBLE what they should be.

By the way, the top 10% of earners pay 70% of the load. When you get all the way down to the top 50% of earners, they account for 96.4% of the entire tax burden. The next 10% pays 3.6%. And the bottom 40% of wage NOTHING. That's right, nothing. In fact, they pay nothing, and then often get a "refund" (in reality it's a handout) at years end.

The Leftist politicians continue the pandering to the electorate by saying:

"The working class carries the full load in this country, while the rich just keep getting richer, and paying LESS"

The facts prove that this is more than just incorrect, it's plain out-and-out LYING... in fact it's an argument straight out of the "Communist Manifesto" by our friend, Karl Marx (no, not Groucho Marx, the comedian...this is the OTHER Marx brother) Simply substitute the words "working class" for proletariat and "rich" for bourgeoisie, and voila! Class warfare, Marxist style. Besides, do you know ANY rich people who don't work hard? Only 2% of this country's rich inherited their money, like the Kennedy's...the rest, earned it.

'Well', you say, 'How about those 50 hedge fund managers Barack Obama talks about all the time who made $29 billion, but actually paid less in taxes than their $60,000 a year SECRETARIES!'

The "50 Hedge Fund managers' who made a combined $29 billion in profit is one of my favorite Barack Obama campaign stories pandering lies. It's true, of course. At least the part about how much money they made. (Legally, by the way) But to say that a billionaire pays less in taxes than his secretary is preposterous at best. It's impossible. I would need to see their 1040 form to even begin to believe it. Even IF they would pay a smaller percentage than their secretary did, their accountant needs to be made President of the United States of America, immediately. No campaign, no election. Just based on amazing skills, he would be the best-qualified person to direct our economy EVAH !

It's also interesting to note that one of those Hedge Fund managers, of whom Obama speaks, but never names, is....George Soros. $2.9 Billion last year. Keep those ads coming, Georgie! (being the big-hearted, big government guy he is, it's surprising he hasn't voluntarily written out huge extra checks to the Federal Government to make up any discrepancy).

Another oft heard bleat from the Leftist Politico is:

"I'm sick and tired of all the corporate welfare in this country"

For a case in point, I refer you to all the recent attacks (mainly) from the Left on the "evil oil companies"...who, from 1977-2004 made over $643 billion in profits.
But, during that same time span, their disgusting "corporate welfare" situation allowed them to pay a paltry $1.343 TRILLION in state and federal taxes. What a free ride! Is it just me or am I the only one who sees a little disconnect from reality there?

My big point here is that the present tax system is tailor-made to make it all too easy to allow pandering to the economically illiterate electorate by demagogic/populist politicos.

What we need is a new way of taxation that is unquestionably even-handed in it's application to all and still provides the amount of funds needed to run a reasonable modern government OF and BY the People.

Such a plan DOES exist. This plan takes the tax code out of the manipulating hands of the special interest groups and the politicians they have bought. This plan ensures that you have the greatest amount of control over the amount of taxes you pay in your own hands, and in a manner that you don't need an accounting degree to do so.



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