Monday, August 13, 2012

Tea Party Economic Madness and the Romney/Ryan Ticket

To listen to the Tea Party supporters of the Ryan/Romney ticket we might as well be electing Gordon Gekko as President. Greed is good, they pontificate and have the most naive idea of economics ever promulgated on the American public. Their idea seems to be that every dollar should only be taxed once, as if it got a little stamp on it when first earned (whenever that is) and thereafter would never be taxed again. You pay it to someone for a good or service, and bingo! no tax on that dollar, because it was already taxed when the buyer first received it. A fourth grader can see that this is idiotic if there is to be a functioning economy, but I have heard this again and again on the talk shows this past weekend applied to the capital gains tax (which Ryan would reduce to zero) and the the inheritance tax (which he would also reduce to zero). 

The anti-tax crazy Grover Norquist simplistically defended this by saying "most Americans agree with this principle." Well Duhh. If you ask Americans whether their inheritance or investments should be taxed, what do you think they will answer? Economic policy is not a popularity contest. If it were no one would pay any taxes ever. 

It is already the case that the rich reduce their capital gains income to near zero through legal legerdemain. Now they want it made simple and explicit. No paying accountants and lawyers to game the system, just don't charge them anything at all. "Only the little people pay taxes!" -Leona Helmsley


Anonymous said...

Comparable working day fitting up fiscal loans are a sort
of payday cash loans presented for that 30 days interval around disaster predicaments.
Many people don’t need a proof situations’ unexpected, neither of them they are worth giving surety, credit ranking nor other stuff.
You could possibly arrange if you want a, quite
a few valuable acquisitions and also cover up your organization expenditures – Equivalent day time payments funds will allow you in different incidents.
In these days such loans are on hand online.

my weblog: kredyt hipoteczny kalkulator

Anonymous said...

Identical time of day installing funds will be
a sort of cash advance loans presented for the few weeks interval with catastrophe situations.

They will don’t call for any proof of situations’ urgent, nor they want surety, credit rating neither
other stuff. You could possibly approach a secondary, many crucial buying or even just covers your small business expenditures –
Similar moment installing borrowing products can assist you in any
scenarios. At present all these financial products can
be obtained online.

Have a look at my homepage ... kredyt samochodowy

Anonymous said...

Very same evening payments fiscal loans will be a variety of pay day loans granted for any thirty day
period length during crisis occasions. Individuals don’t want any proof situations’ critical, or they are worth
giving surety, credit score nor other stuff. It's possible you'll schedule a secondary, several vital purchase and also cover up
your home business obligations – Comparable moment installment financial
loans just might help you in a conditions.

In these days such personal loans can be bought web based.

Also visit my web-site - konto osobiste

Anonymous said...

Equivalent day time installment fiscal loans are actually a variety
of payday loans delivered for your month time during sudden events.
People don’t need to have that proof situations’ crisis,
or they want surety, credit standing neither other
stuff. You could possibly program a vacation, quite a few important products or include your organization prices – Comparable time of
day payments funds can assist you in different cases.

These days all these borrowing products are offered on
the internet.

My blog; kredyt hipoteczny

Anonymous said...

Identical evening sequel mortgages really are a type of
payday advances granted for the 4 weeks period of time during catastrophe conditions.
Many people don’t want this proof situations’ urgent situation, or they might require surety, credit score nor other things.
You may plan a secondary, several necessary brings home as well as cover up your
business payments – Very same day payment lending options just might
help you in a circumstances. At present these kinds of financial products can
be bought on the web.

Visit my site: kredyt mieszkaniowy

Anonymous said...

Identical time payment lending options are actually
a sort of payday advances supplied for just
a month timeframe on critical problems. Individuals don’t require typically the proof
situations’ sudden, regulations they might require surety, history of credit none other stuff.

You could possibly system a holiday, many fundamental purchases or maybe
protect your home business prices – Exact same time installing funds will let you in a incidents.
Presently those lending products are available on the internet.

my website :: konto oszczędnościowe

Anonymous said...

Βеing familiar with the fіnancial institution a
ρerson assist intended for bеst payday advances is
constantly a great idea. A lot mοre all οf our buyeгѕ
find out about individuals, the more they are going to complete the
coating to get money. Utilizing plenty of lеnders nοwadays,
you've got pre-owned and so you'll want tο come
uр wіth a superior option. Locаting a
loan provider that has money financial products aided by
the top chaгges is іmportant. Manу of us seem to be tо generally be quietlу connected
with loweгeԁ ѕеlling рrices than the many other
providеrs arοund Down under.

We specіalize in being sure the uѕeг gets the
beѕt woгking exρеriencе everу
time you may need various additional money. Web ѕites payԁay сash loans foг people ωhiсh
will are in Modern australia and alѕo who may have salary.
This sіte offers large amounts of cаpital so you can get the moneу you
геquire very quickly in any wаy. We οffer lousy
credit гatіngs lenԁing optionѕ in οгԁer that you unԁег no circumstances еnd up bеing strеssed that oveгall
creԁit score isn’t grеat ample.

Within οnly a couρle of minutes will be possible
so that yοu can fill out each of ouг
program. And / oг target iѕ to allow onе tο implеmеnt devoid of whatever issues.
Αll οf us гequeѕt hаrdly аny thoughts in aԁditіon to benefit from who knοwledge to discover a eligibility.
The soonеr wіthin the wοгking day that уou
really find funds, the more raρid you cаn easliу
ask them okayed in your case.

Accomplishing this wіll involve you and mе instantlу depositing that mоney аn individual allow ԁіrеctlу into уour money.
If yοu hаppen to utilizе in the morning most people might also
find that will capital the same working daу. If not, the monies are goіng to be available to you
the next time. While pгetty dеcent pay back ρhrаses
аnd we'll arrange it for the money to help you come out of your backside accounts automatically.

You want that you be aware of an individual aren’t by yourself when you require in order to lend capital. There is amazing customer service those that good care. It is easy to call these folks throughout converse, mobile phone, as well as message. You should also talk with these products whenever belonging to the afternoon or maybe nights. We tend to also have 24 hours a day loan processing.

For you to consider top payday cash advances with anywhere else, you have to consider that which we can offer. I am the proper spot for their pick up payday loans to get a catastrophe need you will have. This site offers the best internet job application so as to get money borrowing products before you know it. Don’t make an application for lousy credit scores lending options elsewhere or even you'll bе
compensating eхcess amount.

Look into my web page :: pozyczki bez sprawdzania bik