A man who knows and concerns himself with his own interests is regarded as a man of practical wisdom, while men whose concern is politics are looked upon as busybodies.
A: Ever since the democrats–most notably under FDR
–have used the wealthy minority as red meat for their socialist policies.
There is no reason to dance around the issue. Confiscating money from those who earn it to spend it on whatever a few people in power deem appropriate is definitely not the trait of a free and democratic society. Remember that our founders did not include a direct tax (income tax
) in the constitutional power of government because doing so would create the ideal opportunity for the many–the poor(er)–to tyrannize the few–the rich(er).
Why does our government require ever-exponentially-increasing-historically-unprecedented levels of cash? Because our politicians–and especially the left-leaning ones–are convinced they know better than you how to spend your money. They know this because most of them have never accomplished anything other than being elected to office. Where, here again, they spent other people’s money to do so.
So while the national busybodies are wrangling over how much of our money we get to keep in the coming years; while they ignore the fact that they just implemented one of the most profligate spending sprees in American
history and unemployment, instead of declining as promised, has relentlessly increased as economic growth has sputtered. While they ignore these pesky facts they are once more arguing for yet higher taxes
slamming the rich in an attempt to somehow claim the moral high ground.
Let us not be deceived. Before Congress and the President do anything the following tax increases are set to kick in according to an editorial in today’s Wall Street Journal
- Starting in 2013, the bill (ObamaCare, or as the pols named it: the Affordable Care Act) adds an additional 0.9% to the 2.9% Medicare tax for singles who earn more than $200,000 and couples making more than $250,000.
- For the first time ever, the now 3.8% Medicare tax will also be applied to investment income, including dividends, interest income and capital gains. That doesn’t just hit the rich, this implementation of the Medicare tax goes after every American with any assets at all.
- Also in 2013, a 2.3% excise tax will be imposed on medical device makers. Which means medical devices will become 2.3% more expensive for everyone. Not just the rich. And if you want a real laugh take a look at what constitutes a medical device to these infernal busybodies. They have no shame. They want to tax your toothbrush and feminine care products included in their taxing scheme.
These taxes just scratch the surface of the scheduled taxes increases to fund the “Affordable” Care Act. The WSJ summarizes the affects ofObamaCare taxes and the current wrangling in Washington:
“There are numerous other new taxes in the bill, all adding up to some $438 billion in new revenue over 10 years. But even that is understated because by 2019 the annual revenue increase is nearly $90 billion, or $900 billion in the 10 years after that. Yet Mr. Obama wants to add another $1 trillion in new taxes on top of this.”
Voters overwhelmingly repudiated this kind of Gladys Kravitz
peer-through-the curtains invasion into our lives in the fall. Let us hope the freshman Congressional class will have the courage to stand their ground against the nosy ruling class in Washington.
By, Nancy Tengler
Stay with me here. I am about to quote Aristotle again. I have to. Because his ethics and understanding should be part of our dialogue today. Especially when it comes to politicians. Especially when it comes to Obama and his policies.
In the Nicomachean Ethics, Chapter 6, paragraph 7 on Theoretical Wisdom, Aristotle writes: “That is why it is said that men…have theoretical but not practical wisdom: when we see that they do not know what is advantageous to them, we admit that they know extraordinary, wonderful, difficult, and superhuman things, but call their knowledge useless because the good they are seeking is not human” (157). Or good.
He goes on to provide an example of the man who knew that “light meat is easily digested, and hence wholesome, but did not know what sort of meat is light, he will not produce health” (158).
This man does not produce health. Knowing that light meat is healthy is only half the equation. The other half–the important half–is having the ability, understanding and, yes, wisdom to be able to identify light meat. Healthy meat.
The same is true of Obama’s rhetoric. Saying that we need to produce jobs and then proposing penalties to the very people who produce those jobs is akin to arguing for a healthy diet while downing a bag of Cheetos Cheese-Puffs. Voters of all ages and educational background instinctively understand the notion of cause and effect. If I touch the hot stove again, I will get burned. That is practical wisdom. Something that Obama lacks.
Time to step back from our president’s raging inferno of rhetoric and acknowledge that his policies have done nothing to create jobs and everything to create unprecedented deficits. In record time. Six months ago he was all for the Bush era tax cuts and now he demagogues the rich and argues for tax increases. Which is it? White meat or dark? What is the cause of our problems, rich people? Or uncontrolled and fraudulently wasteful spending?
I know healthy meat when I see it and this red meat Obama is throwing at his far left base is reckless and irresponsible. And anything but practical.
By, Nancy Tengler
A country’s tax policy lies at the center of the debate over liberty. The Founders understood that. They believed that the individual must be protected from government because they understood further that when government has license to confiscate property it will eventually become addicted to doing so.
Alexander Hamilton wrote in Federalist 35 wrote: “if the jurisdiction of the national government, in the article of revenue, should be restricted to particular objects, it would naturally occasion an undue proportion of the public burdens to fall upon those objects. Two evils would spring from this source: the oppression of particular branches of industry; and an unequal distribution of the taxes” (emphasis mine)
He was right.
A recently published study revealed the United States ranks first among nations for the most progressive tax structure. In an editorial in yesterday’s Wall Street Journal Alan Reynolds writes: “A 2008 study of 24 leading economies by the the Organization of Economic Cooperation and Development (OECD) concludes that, “Taxation is most progressively distributed in the United States.” For all the accusations by the left that the rich must pay their fair share, The Journal of Economic Perspectives reports “the upper 1% of the income distribution earned 19.6% of total income before tax [in 2004], and paid 41% of the individual federal income tax. No other major country is so dependent on so few taxpayers” (Reynolds).
The accusations and distortions by the left are nothing new. Hamilton characterized these kinds of attacks as follows: “…argument presents itself under a very specious and seducing form; and is well calculated to lay hold of the prejudices of those to whom it is addressed. But when we come to dissect it with attention, it will appear to be made up of nothing but fair-sounding words. (emphasis mine)
Despite the fact that the Democrats recently claimed victory over the extension of the Bush tax rates, claiming that raising taxes would harm the economy, they will soon be back to their old bully pulpit attacking “the rich” for their greed and calling for higher tax rates for the “wealthy.”
It is they who are greedy. And, sadly, ignorant.
Hamilton understood the importance of sound economic and tax policy and understood further the risk to the citizenry when those in leadership didn’t. “There is no part of the administration of government that requires extensive information and a thorough knowledge of the principles of political economy, so much as the business of taxation. The man who understands those principles best will be least likely to resort to oppressive expedients, or to sacrifice any particular class of citizens to the procurement of revenue” (Federalist 35).
It is time for economic literates to explain to the public the facts of sound fiscal policy. Ronald Reagan style. And give voice to the Founders’ intentions when they penned the Constitution: That purpose of government is to protect its citizens, not confiscate an ever increasing portion of their income and property in its never ending quest for revenue.