Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.
--Ronald Reagan
A friend of mine said "Again, Chuck Norris hits the nail on the head:"
Obama Plus Congress Equals Economic Chaos
by Chuck Norris
After reading what Chuck Norris had to say, well Yep, He Did Hit the nail on the head!
That's what I think!
Cee
Thursday, March 5, 2009
The "Higher Taxe$ Are Better" Myth - By Dr. John E. Russell
R e l i g i o n a n d P o l i t i c s"Everyone must submit himself to the governing authorities. . . ." (Romans 13:1, NIV) Home
The "Higher Taxe$ Are Better" Myth
By Dr. John E. Russell
It is a paradoxical truth that tax rates are too high today and tax revenues are too low and the soundest way to raise revenues in the long run is to cut rates now. The experience of a number of European countries has borne this out. This country's own experience with tax reduction has borne this out. The reason is that only full employment can balance the budget and tax reduction can pave the way to full employment. The purpose of cutting taxes is not to incur a budget deficit, but to achieve the more prosperous, expanding economy which will bring a budget surplus.
—President John F. Kennedy, December 1962
The Maze
Government Sources of IncomeAccording to Dr. Larry Bates, a former bank owner and state legislator, there are three sources of income for the Federal Government [Larry Bates, The New Economic Disorder, (Orlando: Creation House, 1994), p. 116]:
1. Taxes,
2. Borrowing and
3. Printing Federal Reserve Notes.
Categories of Taxes
There are three main categories of taxes:
1. Property Taxes,
2. Income Taxes and
3. Taxes on Transactions.
The first two categories are unethical and may be unconstitutional.
Income taxes include personal income taxes on city, state and federal levels. There are corporate income taxes, sometimes called shifted taxes, because corporations pass these on to consumers. These, along with other "sneaky" taxes make up the vast kingdom of hidden taxes. In 1982 there were 47 hidden taxes on a loaf of bread!
Taxes on transactions include general sales taxes, excise taxes and tariffs. Sales taxes are on the city, county/parish and state level in the United States. Excise taxes include the "sin taxes" on tobacco and alcohol, and gasoline taxes. Also included in excise taxes are license taxes (liquor, marriage, hunting and fishing taxes). Excise taxes also include franchise taxes (the right to carry on certain kinds of businesses). Excise taxes also include the severance tax (tax levied on the processing of natural resources such as timber, natural gas, and petroleum).
Other taxes include
1. Estate tax (property taxed before the heirs receive it);2. Inheritance tax (property taxed after the heirs receive it); and3. Gift tax (property taxed on property given during the lifetime of the donor). Gotcha covered! (The World Book Encyclopedia, 1987 ed., s.v. "Taxation").
Former President Clinton, bless his heart—I know he feels our pain—was planning on raising tax rates and adding the value-added tax. The value-added tax is a hidden tax that should be banned by Congress. The VAT has a bad track record in Europe and has enabled the growth of socialism and big government. He would like to have added an energy tax! The socialist element of our government has betrayed us through exorbitant taxes.
$$$ Now the government is taxing our patience! $$$
Social security or payroll tax, along with medicare tax, unemployment tax and retirement tax amount to 33 percent of federal income. Personal income taxes produce 48 percent of federal income. Corporate income taxes (paid by consumers) produce 11 percent of federal income. excise, customs, estate, gift, and miscellaneous taxes produce 8 percent of federal income. (Federal borrowing is not included.) [Forms and Instructions for form 1040: 1999. (Washington DC: Department of the Treasury, Internal Revenue Service, 1999), third page from the back].
Our Sinful Tax Rate
Dr. Munzert says that our combined tax rate including hidden taxes in 1982 was 51 percent! [Alfred W. Munzert, PhD. Poor Richard's Economic Survival Manual (Franklinville, NY: Hemisphere Publications, Inc., 1982)]. One reason for the American Revolution was the high tax rate of 21 percent! Now, the American government is trying to raise taxes again!
How stupid does the government think we are? Stupid enough to believe that tax money will be "reinvested in government-generated jobs" and will be used to reduce the deficit? (Well, maybe not that stupid.)
A Spending Problem
"Our government does not have a revenue problem. It has a spending problem!" So says Dr. Larry Bates, an economic expert who is a former banker and state legislator. [Larry Bates, The New Economic Disorder, (Orlando: Creation House, 1994), p. 119].
Unconventional TaxesTo the tax rate of 51 percent must be added at least three more taxes:
1. Lotteries,
2. Inflation and
3. Regulations.
The government lotteries are the so-called "painless taxes," but are they? They create another parasitic bureaucracy that takes a large percentage of the billions of dollars that they exact from weak Americans who are looking for something for nothing. There is a greater chance of being struck by lightning than of winning a lottery! (See the chapter, "No Product, No Service, No Way!"
Also, the 1982 tax rate of 51 percent did not include inflation. From 1945 to 1982, the value of the American Dollar dropped 92 percent. Compared to the 1940 dollar, the 1994 dollar is worth less than 3 cents! [Larry Bates, The New Economic Disorder (Orlando: Creation House, 1994), p. 125]. The Federal Reserve (U S Government-controlled) raises this tax simply by printing more money at its own whim. If we as citizens were to print money to pay our bills, we would go to prison for counterfeiting. This raises the question, "Why did we go off the gold standard?" Could it have been to enable our government to devalue our money by printing Federal Reserve Notes, thus introducing inflation and a very hidden "stealth tax"?
Concerning regulations, former presidential candidate Lamar Alexander said,
Sometimes I believe regulations take as much money out of our pockets as taxes do. [Lamar Alexander, We Know What To Do: A Political Maverick Talks With America (New York: William Morrow and Company, 1995), p. 185].
The cost of unneeded regulations by the federal government is passed on to the consumer. Fines go directly to the federal government exactly like a sales tax. The cost of businesses to implement regulations is passed on to consumers exactly like a sales tax . The cost of supporting the EPA and other bureaucracies come from taxpayers. Since there are 300,000 federal regulations, Uncle "Boss Hogg" Sam can really soak us good. "Hazzard County" has been widened to include "Hazzard Nation"! For examples of government misuse of federal regulations, see Randy Fitzgerald, "Mugged by the Law," Reader's Digest, April 1996, pp. 165-176.
A socialist government plunders its citizens.
Read the booklet, The Law, by Frederic Bastiat. If you haven't read this 150-year-old classic, Download this book free at http://www.BusterSoft.com/JRCM
A Solution
Joseph taxed Egypt at the rate of 20 percent for seven years and was able to bring Egypt through seven years of famine on that 20 percent! Why couldn't our government do its job on a flat 10 percent income tax? In answer to this question, Marilyn Vos Savant gave this answer in her column:
The government would receive less. For it to receive the same amount, each taxpayer would have to pay about 15.22 percent of his or her income. However, this doesn't address the underlying issue. Should the government be spending that great a percentage of each taxpayer's income? And should there be so many taxpayers to begin with? Consider this. In 1914, the first year of the U.S. income tax, less that half of 1 percent of the population needed to file tax returns at all, and those people paid an average of only $1033 each IN 1990 DOLLARS. Why? These statistics isolate the growth of government. . . . . In other words, if today's government ran as parsimoniously as yesterday's most of us would pay no income tax at all. Big Brother may not be here, but Big Democracy sure is! Parade Magazine, Kansas City Star, February 21, 1993).
Abolish All Income and Property TaxesWhy not drop all income taxes and all property taxes? A 10 percent retail sales tax would be sufficient! It could be divided like this:
1 percent city; 1 perc'ent county; 3 percent state; 5 percent federal.
The organization is mostly in place for sales taxes. IRS must be dissolved, with the states sending the federal share of sales taxes directly to the Treasury Department.
The confiscatory taxation that we are experiencing will soon eliminate the middle class if it is not reversed. (The recent increase in size of the middle class was probably the result of "Reaganomics" and the push by socialists to include mothers in the workforce.)
The proper way to raise revenue is not to raise the tax rate, but to stimulate the economy. A millionaire friend gave this illustration: at a tax rate of 5 percent, 100 percent of a dollar will be returned to the government when it is spent twenty times.
However, if the tax rate is raised much more, people will not have a dollar to spend! Then, most will end up poor and the government will end up printing worthless Federal Reserve Notes! This has happened in other countries and we must insure that it does not happen here.
For more FACTS about government stealing through taxes, read Martin L. Gross, The Tax Racket: Government Extortion From A To Z (New York: Ballentine Books, 1995).
<><>http://BusterSoft.com/JRCM/© John E. Russell 1993-2006
Well John, that is the way I see it too. I believe you have a lot of wisom!
Cee
The "Higher Taxe$ Are Better" Myth
By Dr. John E. Russell
It is a paradoxical truth that tax rates are too high today and tax revenues are too low and the soundest way to raise revenues in the long run is to cut rates now. The experience of a number of European countries has borne this out. This country's own experience with tax reduction has borne this out. The reason is that only full employment can balance the budget and tax reduction can pave the way to full employment. The purpose of cutting taxes is not to incur a budget deficit, but to achieve the more prosperous, expanding economy which will bring a budget surplus.
—President John F. Kennedy, December 1962
The Maze
Government Sources of IncomeAccording to Dr. Larry Bates, a former bank owner and state legislator, there are three sources of income for the Federal Government [Larry Bates, The New Economic Disorder, (Orlando: Creation House, 1994), p. 116]:
1. Taxes,
2. Borrowing and
3. Printing Federal Reserve Notes.
Categories of Taxes
There are three main categories of taxes:
1. Property Taxes,
2. Income Taxes and
3. Taxes on Transactions.
The first two categories are unethical and may be unconstitutional.
Income taxes include personal income taxes on city, state and federal levels. There are corporate income taxes, sometimes called shifted taxes, because corporations pass these on to consumers. These, along with other "sneaky" taxes make up the vast kingdom of hidden taxes. In 1982 there were 47 hidden taxes on a loaf of bread!
Taxes on transactions include general sales taxes, excise taxes and tariffs. Sales taxes are on the city, county/parish and state level in the United States. Excise taxes include the "sin taxes" on tobacco and alcohol, and gasoline taxes. Also included in excise taxes are license taxes (liquor, marriage, hunting and fishing taxes). Excise taxes also include franchise taxes (the right to carry on certain kinds of businesses). Excise taxes also include the severance tax (tax levied on the processing of natural resources such as timber, natural gas, and petroleum).
Other taxes include
1. Estate tax (property taxed before the heirs receive it);2. Inheritance tax (property taxed after the heirs receive it); and3. Gift tax (property taxed on property given during the lifetime of the donor). Gotcha covered! (The World Book Encyclopedia, 1987 ed., s.v. "Taxation").
Former President Clinton, bless his heart—I know he feels our pain—was planning on raising tax rates and adding the value-added tax. The value-added tax is a hidden tax that should be banned by Congress. The VAT has a bad track record in Europe and has enabled the growth of socialism and big government. He would like to have added an energy tax! The socialist element of our government has betrayed us through exorbitant taxes.
$$$ Now the government is taxing our patience! $$$
Social security or payroll tax, along with medicare tax, unemployment tax and retirement tax amount to 33 percent of federal income. Personal income taxes produce 48 percent of federal income. Corporate income taxes (paid by consumers) produce 11 percent of federal income. excise, customs, estate, gift, and miscellaneous taxes produce 8 percent of federal income. (Federal borrowing is not included.) [Forms and Instructions for form 1040: 1999. (Washington DC: Department of the Treasury, Internal Revenue Service, 1999), third page from the back].
Our Sinful Tax Rate
Dr. Munzert says that our combined tax rate including hidden taxes in 1982 was 51 percent! [Alfred W. Munzert, PhD. Poor Richard's Economic Survival Manual (Franklinville, NY: Hemisphere Publications, Inc., 1982)]. One reason for the American Revolution was the high tax rate of 21 percent! Now, the American government is trying to raise taxes again!
How stupid does the government think we are? Stupid enough to believe that tax money will be "reinvested in government-generated jobs" and will be used to reduce the deficit? (Well, maybe not that stupid.)
A Spending Problem
"Our government does not have a revenue problem. It has a spending problem!" So says Dr. Larry Bates, an economic expert who is a former banker and state legislator. [Larry Bates, The New Economic Disorder, (Orlando: Creation House, 1994), p. 119].
Unconventional TaxesTo the tax rate of 51 percent must be added at least three more taxes:
1. Lotteries,
2. Inflation and
3. Regulations.
The government lotteries are the so-called "painless taxes," but are they? They create another parasitic bureaucracy that takes a large percentage of the billions of dollars that they exact from weak Americans who are looking for something for nothing. There is a greater chance of being struck by lightning than of winning a lottery! (See the chapter, "No Product, No Service, No Way!"
Also, the 1982 tax rate of 51 percent did not include inflation. From 1945 to 1982, the value of the American Dollar dropped 92 percent. Compared to the 1940 dollar, the 1994 dollar is worth less than 3 cents! [Larry Bates, The New Economic Disorder (Orlando: Creation House, 1994), p. 125]. The Federal Reserve (U S Government-controlled) raises this tax simply by printing more money at its own whim. If we as citizens were to print money to pay our bills, we would go to prison for counterfeiting. This raises the question, "Why did we go off the gold standard?" Could it have been to enable our government to devalue our money by printing Federal Reserve Notes, thus introducing inflation and a very hidden "stealth tax"?
Concerning regulations, former presidential candidate Lamar Alexander said,
Sometimes I believe regulations take as much money out of our pockets as taxes do. [Lamar Alexander, We Know What To Do: A Political Maverick Talks With America (New York: William Morrow and Company, 1995), p. 185].
The cost of unneeded regulations by the federal government is passed on to the consumer. Fines go directly to the federal government exactly like a sales tax. The cost of businesses to implement regulations is passed on to consumers exactly like a sales tax . The cost of supporting the EPA and other bureaucracies come from taxpayers. Since there are 300,000 federal regulations, Uncle "Boss Hogg" Sam can really soak us good. "Hazzard County" has been widened to include "Hazzard Nation"! For examples of government misuse of federal regulations, see Randy Fitzgerald, "Mugged by the Law," Reader's Digest, April 1996, pp. 165-176.
A socialist government plunders its citizens.
Read the booklet, The Law, by Frederic Bastiat. If you haven't read this 150-year-old classic, Download this book free at http://www.BusterSoft.com/JRCM
A Solution
Joseph taxed Egypt at the rate of 20 percent for seven years and was able to bring Egypt through seven years of famine on that 20 percent! Why couldn't our government do its job on a flat 10 percent income tax? In answer to this question, Marilyn Vos Savant gave this answer in her column:
The government would receive less. For it to receive the same amount, each taxpayer would have to pay about 15.22 percent of his or her income. However, this doesn't address the underlying issue. Should the government be spending that great a percentage of each taxpayer's income? And should there be so many taxpayers to begin with? Consider this. In 1914, the first year of the U.S. income tax, less that half of 1 percent of the population needed to file tax returns at all, and those people paid an average of only $1033 each IN 1990 DOLLARS. Why? These statistics isolate the growth of government. . . . . In other words, if today's government ran as parsimoniously as yesterday's most of us would pay no income tax at all. Big Brother may not be here, but Big Democracy sure is! Parade Magazine, Kansas City Star, February 21, 1993).
Abolish All Income and Property TaxesWhy not drop all income taxes and all property taxes? A 10 percent retail sales tax would be sufficient! It could be divided like this:
1 percent city; 1 perc'ent county; 3 percent state; 5 percent federal.
The organization is mostly in place for sales taxes. IRS must be dissolved, with the states sending the federal share of sales taxes directly to the Treasury Department.
The confiscatory taxation that we are experiencing will soon eliminate the middle class if it is not reversed. (The recent increase in size of the middle class was probably the result of "Reaganomics" and the push by socialists to include mothers in the workforce.)
The proper way to raise revenue is not to raise the tax rate, but to stimulate the economy. A millionaire friend gave this illustration: at a tax rate of 5 percent, 100 percent of a dollar will be returned to the government when it is spent twenty times.
However, if the tax rate is raised much more, people will not have a dollar to spend! Then, most will end up poor and the government will end up printing worthless Federal Reserve Notes! This has happened in other countries and we must insure that it does not happen here.
For more FACTS about government stealing through taxes, read Martin L. Gross, The Tax Racket: Government Extortion From A To Z (New York: Ballentine Books, 1995).
<><>http://BusterSoft.com/JRCM/© John E. Russell 1993-2006
Well John, that is the way I see it too. I believe you have a lot of wisom!
Cee
Monday, March 2, 2009
Did the Times worry when lefties spent eight years calling George W. Bush a fascist?
NO! Yet, we conservatives heard it for EIGHT years! Now though , The New York Times Frets Over Conservatives "Slurring" Obama with "Socialist" "Brickbat"
Yet. this article comes across as quite believable. I just don't know what to believe. I do know that Obama is different, and where there is smoke there is fire! I do know with all the trillions of dollars in "stimulas" bills we are in a mess and something has to be done to stop the insane spending! Obama the Revolutionary by Jed Babbin says,"The Republican Party can't be the "Party of No." It has to be the Party of "Hell, no." ... I agree with that sentiment completely ...
I urge all who care about DEMOCRACY however to call your senators at 202-224-3121 right now to stop this massive government takeover masquerading as a "stimulus" spending bills.
With the political climate as it is today, the story below needs to be repeated!
So again I urge all who care about DEMOCRACY however to call your senators at 202-224-3121 right now to stop this massive government takeover masquerading as a "stimulus" spending bills.
Thats the way I see it !
Cee
Yet. this article comes across as quite believable. I just don't know what to believe. I do know that Obama is different, and where there is smoke there is fire! I do know with all the trillions of dollars in "stimulas" bills we are in a mess and something has to be done to stop the insane spending! Obama the Revolutionary by Jed Babbin says,"The Republican Party can't be the "Party of No." It has to be the Party of "Hell, no." ... I agree with that sentiment completely ...
I urge all who care about DEMOCRACY however to call your senators at 202-224-3121 right now to stop this massive government takeover masquerading as a "stimulus" spending bills.
With the political climate as it is today, the story below needs to be repeated!
If you see that all of this wonderful government 'help' is a problem confronting the future of democracy in America , you might want to send this post on to your friends. If you think the free ride is essential to your way of life, then you will probably will not send them this post! But God help you when the gate slams shut! AndCATCHING WILD PIGS
There was a chemistry professor in a large college that had some exchange students in the class. One day, while the class
was in the lab, the professor noticed one young man, an exchange student, who kept rubbing his back and stretching as if his back hurt.
The professor asked the young man what was the matter. The student told him he had a bullet lodged in his back. He had been shot while fighting communists in his native country who were trying to overthrow his country's government and install a new communist regime.
In the midst of his story, he looked at the professor and asked a strange question. He asked: 'Do you know how to catch wild pigs?' The professor thought it was a joke and asked for the punch line. The young man said that it was no joke.
'You catch wild pigs by finding a suitable place in the woods and putting corn on the ground. The pigs find it and begin to come everyday to eat the free corn. When they are used to coming every day, you put a fence down one side of the place where they are used to coming. When they get used to the fence, they begin to eat the corn again and you put up another side of the fence. They get used to that and start to eat again. You continue until you have all four sides of the fence up with a gate in the last side. The pigs, which are used to the free corn, start to come
through the gate to eat that free corn again. You then slam the gate on them and catch the whole herd. Suddenly the wild pigs have lost their freedom. They run around and around inside the fence, but they are caught. Soon they go back to eating the free corn. They are so used to it that they have forgotten how to forage in the woods for themselves, so they accept their captivity.'
The young man then told the professor that is exactly what he sees
happening in America . The government keeps pushing us toward
Communism/Socialism and keeps spreading the free corn out in the form of
programs such as supplemental income, tax credit for unearned income, tax exemptions, tobacco subsidies, dairy subsidies, payments not to plant crops (CRP), welfare, medicine, drugs, etc. While we continually lose our freedoms, just a little at a time.
One should always remember two truths:
1.There is no such thing as a free lunch2.You can never hire someone to provide a service for you cheaper than you can do it yourself.
So again I urge all who care about DEMOCRACY however to call your senators at 202-224-3121 right now to stop this massive government takeover masquerading as a "stimulus" spending bills.
Thats the way I see it !
Cee
Tea Party Anyone?
Watch this...Does This Seem Reasonable to you?
I agree with Andrea Tantaros
Though Obama has proclaimed that “this has never been about me — it’s about you” on the stump, these very actions are all about him and his increasingly apparent obsession with exaltation and a delusional quest for historic grandeur.The Obama administration can Kiss My Pork Rind! That is the way I see it!
Cee
Sunday, March 1, 2009
Kathleen Sebelius??? U.S. Health Secretary???
Kathleen Sebelius Agrees to Serve as U.S. Health Secretary, Official Says President Barack Obama will name Kansas Governor Kathleen Sebelius to help steer his $634 billion plan to provide every American with affordable medical coverage as head of the U.S. Health and Human Services Department.
For More Information
Obama, is called among other things, the “bring people together”president has appointed a pro abortion extremist to this important job! Kathleen Sebelius who is best friends with the most notorious late term abortionist in the country! "Tiller the Baby Killer" , and Tiller bought her..., and... Obama with his “just leave that baby to die on the shelf” vote.
Obama is so pro-abortion that he refused as an Illinois state senator to support legislation to protect babies who survived late-term abortions because he did not want to concede -- as he explained in a cold-blooded speech on the Illinois Senate floor -- that these babies, fully outside their mothers' wombs, with their hearts beating and lungs heaving, were in fact "persons."The Illinois bill that Obama refused to support had language identical to the Born Alive Infants Protection Act that passed the U.S. Senate 98-0, with such senators as Barbara Boxer voting in favor.
Will Rogers once said, "The United States investigates everything-usually after it's dead."
Sebelius, the "national pro-choice poster girl," will mark yet another in a long list of "pro-abortion Catholics" Obama has chosen for top government positions.
It looks like Obama wants to control everything in the USA, and so he is trying to
make everyone dependent on "big Government"
I guess ( Especially in the case of Barack Obama) we can ...
be thankful we're not getting all the government we're paying for.
Will Rogers
If we were we the people would no longer have any more choice in anything that goes on in the United States that any of those millions murdered little babies have had to live. That's the way I see it.
Cee
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