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The Never-Ending Class Warfare Crusade
| January 9, 2013
| Daniel J. Mitchell
Posted on 01/09/2013 6:44:36 AM PST by Kaslin
The most-viewed post in the history of this blog is the riding in the wagon cartoon, but the post that has received the highest number of star-ratings is my video on class warfare.
I hope that means people share my concerns about the destructive and punitive mentality of so many of the kleptocrats in Washington.
Speaking of which, I debated one of those people on Bloomberg TV.
We got a decent amount of time, so a lot of topics were discussed. Here are the ones that merit a comment or two.
Dan Mitchell Debating Class Warfare Tax Policy on Bloomberg TV
- He also claims that it would be fair to go back to Bill Clintons top tax rate, but anybody want to bet that Michael will now call for even higher tax rates now that Obama succeeded in pushing the top rate to 39.6 percent?
- And we definitely know he doesnt want to go back to Bill Clinton spending levels, so he wants the bad part of the 1990s but not the good part.
- Michael asserts that the United States is a low-tax nation, simply because we dont tax as much as Europe. But, given the economic stagnation and lower living standards on the other side of the Atlantic, why would anybody want to mimic those failed welfare states.
- Unsurprisingly, I make my typical point about how we can balance the budget if we merely limit federal spending so that it grows 2.5 percent annually. In other words, Mitchells Golden Rule leads to good results.
- But I do agree with Michael that payroll taxes are too high (not that this is what he really thinks), though I should have echoed my January 2 post and said that those taxes should be reduced as part of genuine Social Security reform.
One point I failed to emphasize, though, is that class-warfare taxes wont raise much revenue because of Laffer Curve effects. My comments about successful people escaping places like France and California touched on the issue, but I should have been much more explicit.
P.S. Was I right, or was I right, when I wrote that the real national title game was played on December 1? Such a tragedy that Georgia fell four yards short of the championship.
Since Bama trounced Notre Dame by 28 points and edged Georgia by 4 points, I guess that means the Bulldawgs would have crushed the Irish by 24 points. Which would have been even more impressive than when we beat them 17-10 to win the 1980 national championship.
TOPICS: Business/Economy; Culture/Society; Editorial
posted on 01/09/2013 6:44:43 AM PST
Bo and his witch are the masters at creating hate, division, and strife. Both of these pieces of trash thrive on causing problems for others. It is their way, the Alinsky way, the Marxist way, and the vipers way. The left is all about evil, what else is there to say?
posted on 01/09/2013 6:55:46 AM PST
(Marxism works well only with the uneducated and the unarmed.)
posted on 01/09/2013 7:20:57 AM PST
(Some on our "Roads & Bridges" head to the beach. Others head to their offices, farms, libraries....)
it wil never stop.
it is to deflect anger away from politicians onto a scapegoat.
Class warfare means never having to worry the classes will wise up and come after the people pitting them against each other.
Class warfare == Goldstein. read up on the 2 minutes hate.
posted on 01/09/2013 7:41:16 AM PST
by Secret Agent Man
(I can neither confirm or deny that; even if I could, I couldn't - it's classified.)
posted on 01/09/2013 8:44:33 AM PST
(An object at rest cannot be stopped! - The Evil Midnight Bomber What Bombs at Midnight)
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