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Senate Bill raises AlL Taxes
1/1/13 | Self

Posted on 01/01/2013 8:35:57 AM PST by zerosix

Just received an email from my accountant informing of tax increase on ALL American taayers.


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KEYWORDS: 112th; fiscalcliff; fiscalcliffstopper
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To: NonValueAdded

I wonder what the rates will be after the “signing statement.”


21 posted on 01/01/2013 11:20:17 AM PST by arthurus (Read Hazlitt's Economics In One Lesson ONLINE www.fee.org/library/books/economics-in-one-lesson)
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To: ExTexasRedhead
"...welcome to Nazi Germany, the re-do..."

But this time, with guns. Should be fun .................................................... FRegards

22 posted on 01/01/2013 12:27:34 PM PST by gonzo ( Buy more ammo, dammit! You should already have the firearms ... FRegards)
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To: arthurus

The simplest way to state it is:

No matter how high the tax rate goes, it never collects more than around 21% of GDP and begins to collect less the higher you go. The secret to more tax revenue is raising GDP, not the tax rate.


23 posted on 01/01/2013 12:45:09 PM PST by willyd (Don't shoot, we're Republicans!)
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To: arthurus
I totally understand supply side economics.

The point I was attempting to make is that those Americans, especially those paying little or no taxes, do not understand or care that the only pot large enough to come close to meeting the desires of the greedy has to come from the pockets of the so-called, "middle class."

Even in America, there aren't enough rich people working and being taxed at higher and higher rates that will fulfill the desires of the greedy. Only when the, heretofore, largest group, the working and taxable "middle class" have their taxes raised, can the government come even close to meeting the spending habits of DC, according to the philosophy of Keyensian economists!

24 posted on 01/01/2013 12:55:50 PM PST by zerosix (Native sunflower)
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Comment #25 Removed by Moderator

To: zerosix
the only pot large enough to come close to meeting the desires of the greedy has to come from the pockets of the so-called, "middle class."

It cannot and will not happen. They can increase taxes all they want but they will thereby reduce revenues. They will, however, have a larger and larger percentage of the whole wealth of society as they transfer wealth to the elite through inflation, even as the total wealth of the system declines. The will be a super-elite in a small wealth pond. We will be effectively living at the level of the Moslem countries where wealth is almost totally concentrated in the hands of a tiny elite of rulers in countries that are overall poor. No debt can be paid off by increasing taxes, not in the short term, not in the long term. The government cannot pay off anything by soaking the citizenry. That pot of wealth ISNOTTHERE for the taking unless they do an actual wealth confiscation or expropriation as it is known in the Communist countries.

26 posted on 01/01/2013 2:48:11 PM PST by arthurus (Read Hazlitt's Economics In One Lesson ONLINE www.fee.org/library/books/economics-in-one-lesson)
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To: zerosix

Keynes was not an economist. He was a fantasist. Did you ever read him? In classes where he is taught his paragraphs are read for the firs line and the conclusion. Everything in between is nonsensical. Most does not cohere as English and meaning can only be assumed or speculated. It reads like a poorly done MIT paper designed to be accepted in prestigious journals then to be jeeringly outed by the authors as a fraud.


27 posted on 01/01/2013 2:56:55 PM PST by arthurus (Read Hazlitt's Economics In One Lesson ONLINE www.fee.org/library/books/economics-in-one-lesson)
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To: zerosix

Everyone inside the belt way has sold out or bought in to big gov-mint. They are all in it together. They have theirs and they determine what theirs is. Once that is done, they control all. We are subject to the king and his court called congress. All liars, thieves, of the same skin.


28 posted on 01/01/2013 3:00:02 PM PST by RetiredArmy (1 Cor 15: 50-54 & 1 Thess 4: 13-17. That about covers it.)
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To: arthurus
I know that about Keynes. I read "The Road to Serfdom," Adzm Smith and others.

I mention Keynes as beltway folk seem to make him their god, of course most of them are too dumb to know anything about economics of any kind, they only listen to "brilliant minds" like Paul Krugmann.

29 posted on 01/01/2013 3:11:45 PM PST by zerosix (Native sunflower)
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To: zerosix
Krugman. That is one man whose name seems to say it all. The problem on a governmental level is that all of the "\economists" on the government payroll and most of the "economists" in the liberal think tanks are finance specialists, not economists at all. They got MBAs and think they know Economics, Actually they may have got one survery course in Economics that just superficially described the "systems" that were "out there." Finance men are very good at figuring out how to move money and assets in desired directions but are mostly ignorant of how it all works. Because they are good at making themselves and their employers wealthy they think they know how econơmies can be made to work. Bexause they usually latch on to Keynes whose sole purpose, if he had one, was to justify government by Experts, they are honey to the politicians who then fancy that they can magisterially and efficiently direct economic growth and the flow of assets and wealth to the betterment of Society and their own vaults.
30 posted on 01/01/2013 4:33:48 PM PST by arthurus (Read Hazlitt's Economics In One Lesson ONLINE www.fee.org/library/books/economics-in-one-lesson)
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To: zerosix

Did you know Reagan had an actual bachelor’s degree in real Economics? He was the only president in recent times to understand the subject. You have to go back to Coolidge and Harding for others. It is a dull subject. Dynamic people, and politicians tend to be dynamic people, don’t have time for boring stuff like that.


31 posted on 01/01/2013 4:41:23 PM PST by arthurus (Read Hazlitt's Economics In One Lesson ONLINE www.fee.org/library/books/economics-in-one-lesson)
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