| Raze Taxes to cut Deficits? | Atlanta—F.E.E. |
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“ Creative
semantics ”
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Fiscal
Euphemisms: “Raise My Taxes, Mr. President! ” Fareed Zakaria beseeches! (NewsWeek, August 09, 2010.) The “ Bush administration inherited budget surpluses from the Clinton administration.” [ When Bill Clinton was president, “ Republicans controlled the House of Representatives, where all spending bills originate, . . .” [ Thomas Sowell ] The “ Bush tax cuts . . . cause of America’s structural deficit— . . . not caused by the collapse in tax revenues” “ fundamental new costs— the tax cuts,” “ adding up to $2.3 trillion over 10 years.” [ Federal Income Taxes Collected from individuals: Pres. Clinton: $5.66 trillion; Pres. Bush: $7.45 trillion. Increase— $1.79 trillion [ Bill Frezza ] TAXPAYERS who EARNED more than $200,000 increased between 2002 and 2004. During that period the Total share of Federal Income Tax paid by those taxpayers increased, as each TAXPAYER paid less income tax on average— in 2004 than in 2002. Dependence on the wealthy is “one of our most fundamental problems.” Darrell Steinberg, Democratic leader of California state senate. Millionaire’s taxes encourage runaway government spending. Did “ reduced taxes cause reduced spending? ” [ “ Democrats controlled both houses of Congress before Barack Obama became president. The deficit he inherited was created by the Congressional Democrats, . . .” [ Thomas Sowell ] President Jefferson “desired government rigorously frugal and simple,” and “dismissed all of the collectors and inspectors of the internal revenue. This change alone reduced the number of federal employees by more than The New York Constitution of 1846 reduced spending and new taxes. The GOVERNMENT of Abraham Lincoln levied a direct tax. “ Tax Andrew Jackson and Martin Van BUREN: Separated Government — from Banking! Money Trust Hearings of 1912. The Income Tax Arrived in 1913, and rates Increased to 77 percent ( $1 million income). Taxpayers avoid higher taxable income as tax rates increase, similar to avoiding penalties and fines. Tax rates were cut during the 1920s. Tax revenues soared! One-third of all Income Taxes were collected from those earning more than $100,000 before the tax rates were cut sharply. The Mellon tax cuts restored incentives to work, save, and invest, and discouraged the use of tax shelters. Almost Taxation: The Peoples Business, CHAPTER V. p. 93. “ The flight of capital into safe but unproductive forms of investment should give us great concern, for it indicates that high surtaxes are gradually destroying business initiative.” [ Pikes Peak Economics Club: Book in PDF form, and related articles. ] Leaping to — repeated, refuted, Fallacies: F.D.R. reduced Disparity of the depressed. New Deal or Raw Deal? [ Thomas Sowell ] Raise Taxes— To Cut Government? Finnish Big Government? Kennedy versus Kennedy: reduced tax rates— RAISED Tax revenue! Tax Policy and Prosperity: During the Reagan recovery of 1983 Consider this material: “ Nothing is more calculated to make a demagogue popular than a constantly reiterated demand for heavy taxes on the rich. Capital levies and high income taxes on the larger incomes are extraordinarily popular with the masses, who do not have to pay them.” — Socialism, p. 447. Raise Taxes To Kill A Recovery “ If social justice is your goal, go ahead and raise marginal tax rates for the rich. Making the rich poorer will certainly reduce inequality.” [ Bill Frezza ] “ In fact, federal taxes . . . are at their lowest level . . .” [ Zakaria ] Low Tax Illusion Paralysis By Taxation President Hoover took command of economic resources, and Andrew Mellon advocated drastic increases of taxes. Plunder-or-Profit? “Market Democracy ” serves customers— serves America! Promising magic? [ Anna Parker ] Who Knew? George BUSH Buffaloed— with Falls Facts of lacerated Tacks! Motivate the Wealthy slackers!— “ Liberate to Stimulate.” Political Leaders cripple the Leaders of “Competition” for Market Votes— “ Nosebleed tax rates on GREEDY is Needy, and Employs Workers! “ It is better for men to be ‘provoked with lucre’ towards proper goals than to have governments ‘take this reward from them.’ And governments should work with such incentives, rather than against them.” Spiritual Revival! of Fall tering Eek! on Ami? Tea Stimulus? Yet Again? Stimulate Employment! Joe Biden said, “ it’s time [ for the rich ] to be patriotic . . .” The top 3 percent [ the rich ] pay almost half of federal income taxes; and, Almost half pay no income taxes. [ Tax revenue surged: tax cuts boosted the economy! [ Richard Bernstein ] Stimulate Investment! More references and examples will be addled. Mother Theresa’s Heart Surgeon . . . PHILOSOPHY of HISTORY exalted “ EVERYTHING BELOW COST ” advertised the wealthy merchant. “ I make money on the volume! ” FOLK ECONOMICS. Socrates opposed entrepreneurial profit and the market. “ There is much to be said in favor of modern journalism. By giving us the opinions of the uneducated, it keeps us in touch with the ignorance of the community.” [ BankDis.org Isonomia.us TaxJudas.com Social Security insures: Taxation of wages. Confessions of a Secret Marxist Dr. Mary Walker controlled herself. |