Skip to main content

The Solution to Federal Spending - Tax the Rich!


Federal Spending has increased by $1 Trillion a year since Obama took office.

These are big, absurd numbers that bear no relation to most people's daily lives. So let's put it into perspective.

$1 Trillion, is a million millions.

There are 300 million people in the US. Only about half of those, 155 million, are employed.

One trillion divided by 155 million (i.e., each working person's share of the increased government spending) is $6,451. Per year, per working person.

So if you are a typical family with two wage earners, your family's share of just the *increase* in Federal spending since Obama took office is $12,903. Per year.

But the total Federal budget is actually $3.7 Trillion. Your family's share of the total Federal Budget is $47,741. Per year.

Now let's take a look at soaking the rich. (You know you want to.)

In 2011, about 6 million Americans made more than $200,000 in income that year. (1)

Let's make them pay for everything!

How much would they have to pay just to make up the $1 Trillion per year increase we've had under Obama? $166,000 per year.

How much would they have to pay to pay for all Federal Spending? $616,000.

So there you have it - problem solved! All we have to do to get free big government for all of America's "poor" is to make people earning $200,000 a year pay $616,000 a year in income taxes!
While I say this jokingly, the whole left-wing sales pitch is to trick people into thinking they can get whatever they want paid for by "the rich".The fact is, the poor and middle class bear the burden of the enormous government we have, because "the rich" don't remotely have the money to pay for a government that will take 45% of everything Americans produce this year.You go, "But I see my paycheck! My income taxes aren't that high!"

No indeed, they're not. Because the rest of the taxes that you pay are baked into prices. The price of bread. The price of gasoline. The price of medical care. Taxes on business and on the investments of "the rich" are simply passed through to the consumer, just like other business expenses like rent and electricity.OK, forget income taxes. Raising taxes on capital, surely THAT soaks the rich? Nope. Taxes on capital simply raise the cost of capital to business. Which is passed on to consumers just like every other expense.OK, forget business at all! Just directly tax the wealth of the rich! America's richest man, Warren Buffet, is worth about $50 Billion. That will pay for approximately five days of Federal government. And after you've eaten Warren Buffet, I guess you're pretty much screwed.

The Big Lie that you leftwingers have been tricked into believing, is that "the rich" can pay for all the freebies you want government to shower on you.The reality is that this simply is not possible. So what happens is that YOU pay for all this government - which impoverishes you - and then government gives some of it back to you, making government seem like God to you - to ensure that you continue to vote for the Big Government politicians.They are bribing you with your own money, and tricking you into thinking the money is coming from others, when in fact it's coming from you. And since a huge part of this spending is with borrowed money, you and your children are actually actively being sold into economic slavery by the leftwing politicians you love.Why do you think middle class real income is down even though productivity continues to improve every year? Where is all that new wealth going?To the government you love so much.

1. http://www.csmonitor.com/USA/DC-Decoder/2012/0710/Obama-tax-proposal-Who-makes-more-than-250k-and-are-they-rich-video

Comments

Popular posts from this blog

Murder in the US

In 2011, I calculate the overall US murder rate as 4.6 per 100,000 population.

But if you recalculate this, and assumed that black men murdered at the same rate as everyone else, the overall rate would drop to 1.9 out of 100,000 population. That would give the United States the 147th highest murder rate in the world - or, the 60th best.

The insane disproportionate murder rate among US blacks is why the overall US murder rate seems so high.

I don't understand why liberals refuse to talk about this. I don't understand why blacks refuse to talk about this. Blacks are just as often the victim as the offender - almost SIXTY PERCENT of murder victims in the US are black. Shouldn't they care about this? Where are Jesse Jackson and Al Sharpton to talk about this? Yet they are silent.

And it's not like this is any secret. This culture of violence, abuse of women, and plain thuggery is paraded around daily in pop music. It's glorified on TV shows like "The Wire…

The Root of Violent Extremism

We are too flippant about writing off violent extremists as "crazy", "psychopathic", etc.

Just because *we* have a hard time conceiving of doing violence to others, does not mean that those who do are insane.

Hitler was not insane. Hitler was evil. There is a distinction.

To be insane, to be "crazy", means you cannot understand the difference between right and wrong.

People like Hitler, like ISIS, these people are *evil*. They have, in what they believe to be a rational process, *chosen* to embrace a death-worshipping morality.

Such thinking is going to lead us down wrong alleys in dealing with violent political extremism.

Unless we understand the various reasons why such people embrace philosophies of death, we cannot combat the root causes and defeat violent extremism.

Obama's "they need jobs" is a juvenile approach at this. But you simply cannot ignore and dismiss the reality of life in the countries that are the flash-points of extremism…

Transparency needed in investigations of police

I have not sat on a grand jury any time in my life. I am disinclined, having not pored through records, nor listened to dozens of witnesses, to second-guess the difficult decisions these jurors have had to make.

HOWEVER. There is a clear problem of trust going on, and it stems from a couple different sources.

1) Grand Juries are usually secret. There are good reasons for this. Simply investigating whether a crime might have occurred, which is what Grand Juries do, collects a lot of evidence which could put people's lives at risk, or could be embarrassing. You want folks to feel free to talk. And you don't want the person being investigated to get unduly smeared.

However, the flip side of secrecy is that the lack of transparency can lead to a loss of trust. Clearly, in the two incidents discussed recently, many people who have no idea what went on in the GJ's or what evidence was presented, know, they just KNOW, an injustice was committed! And, because they have no opportun…