Monday, October 10, 2016

How are you going to get The Rich to pay their Fair Share?

The top 10% of wage earners pay 50% of taxes.  Almost half of the population doesn't pay any income tax.  What should be troubling is Hillary's sliding definition of "rich."  Ten years ago, $250k was rich.  Now, $150k is rich.  What's worse is that deficit spending is driving inflation, making it harder to make ends meet.  How much should we pay in taxes?  The politicians will always say "more."  It isn't enough that politicians decide how 1 in every 3 dollars is spent in this country.  They trust us enough to elect them, but they don't trust us enough to spend our own paychecks.  The real question isn't who pays for who, rather who spends for who?

Wednesday, March 5, 2014

Socialism is Seductive

It's easy to see why socialism is so appealing to so many people. It promises so much (even if it is short on delivery). It preaches that there are simple solutions to everything; all you have to do is pass a law and it will be so.

It can even point to localized successes. Afterall, if you take from the many and give to the few it is very easy to prove that the few have benefited. Because of this the socialist must constantly find small groups to enrich at the expense of their neighbors. This weaves a patchwork of special interest groups who may not defend every program but are united in their defense of the system.

Thus it becomes that “The state is that great fiction by which everyone tries to live at the expense of everyone else.”

Monday, November 11, 2013

How's that Inflation?

Although official numbers show the recession ended in 2009, 72% of consumers still feel like they're in a recession.

That's inflation folks. It fudges the numbers so you can tell everyone everything is fine, but even if they can't put their finger on it people know it just isn't true. Wages may be going up nominally but the price of goods is going up faster. Portions are getting smaller. Purchasing power is decreasing.  And wealth is systematically getting transferred to banks and political cronies.

Why? Because monetary inflation is caused by Uncle Sam deficit spending and printing money to "pay" for it. This money goes to government contractors and banks first, where they can spend it before the market prices adjust to accommodate the new money competing for the same amount of goods.  The price of goods increases and then wages gradually trail along behind.

But the banks and cronies have already gotten their share of the pie. They spent the money before prices went up; the workers are spending it after. It's traditional buy-low, sell-high and the banks are keeping the spread.

Why can they do that? Because the politicians continue to spend money we don't have by counterfeiting it out of thin air. They keep lying to us that this is making things better and helping the economy.

Somewhere deep inside 72% of people know something is not right. But we'll keep reelecting the same liars until enough of us can finally see through their tricks.

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