POLITICAL: Morris on the Income Tax

Thursday, February 23, 2012


By Dick Morris

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In this video History commentary, I discuss how income tax came to be, how tax cuts grew the economy, and how tax hikes hurt it.

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The Stock Market Crash was due to the Smoot Hawley Tariff being passed in Congress.

That was the straw.

The FED and the politicians further made things worse by raising the interest rate and the tax rate.

The Dead Old White Guys had it right — tariffs and excise taxes.

That would have saved our manufacturing base or at least not allowed the export of jobs and the import of “stuff” minus the cost of our social welfare programs.

They’ve demonstrated that we don’t understand the impact of changing things. Especially when those things being changed are large complex economic systems with lost of moving parts.

Capitalism with economic freedom and personal liberty have lifted us out of poverty. We need to insist on that going forward. The economy and the political order is too complex for humans to “tinker with”. Especially when those humans attempting to “run” it are so corrupt and corruptible.

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MONEY: Your Home Is Not An Investment

Wednesday, August 19, 2009


Your Home Is Not An Investment
from Bargaineering.com by Jim

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There are many benefits to owning a home and I’m a huge fan of it, but don’t justify buying a home by thinking its home is an investment. It’s not.

It is, however, a place to live, a place to make your own, and a place to make yours. It’s a place to put down roots, a place to raise a family, and a place to grow old in. It’s a place to call your own, it’s just not an investment. It’s a home.

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Had this discussion a few weeks ago with an OLDER friend and his family. Couldn’t seem to break thru that “rent” was not “lost”. Sigh.

It’s only an investment if you get rent for it.

Frau is enamored with HGTV and all the renovation, vacation, and first time. (I don’t understand how they can ignore labor cost in the renovations. I don’t understand buying an international vacation home for several 100K$; how many times can you go there? I don’t understand first time buyers who exceed their budget consistently.)

It’s only a legacy.

It’s not an ATM like how people were refinancing to get cash out.

Everything is great when the market is going up; down, not so good.

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RANT: Here comes the sales tax?

Monday, June 8, 2009


Another Compelling Reason for Secession
The Feds Plan To Stick Us With a National Sales Tax (in a Depression!)
by Lori Montgomery

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With budget deficits soaring and President Obama pushing a trillion-dollar-plus expansion of health coverage, some Washington policymakers are taking a fresh look at a money-making idea long considered politically taboo: a national sales tax.

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Doesn’t anyone see this as the “fair tax”? It was exactly the argument that the opponents made when everyone assured us we couldn’t ossibly wind up with both a sales tax and an income tax.

Sorry to all the senior citizens who paid their taxes and saved, now when they spend those savings, guess what? They get to pay taxes again. Like the estate tax, it’s taxes on taxes.

Will this be the straw that breaks the taxpayer’s back?

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RANT: One follow up from the tea parties!

Wednesday, April 22, 2009


After the tea party
Jane Chastain

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Do not re-elect anyone who has less than an “A” grade. Give someone new a chance.

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Get Rid of Incumbent Politicians

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RANT: “Plastic pitchforks”? DOn’t think so.

Thursday, April 16, 2009


Wednesday, April 15, 2009
Astroturf, Part 2
Hank Kalet

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Thomas Frank knows about Republicans and populism.


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“Plastic pitchforks”?

I don’t think so. Admittedly I don’t know. It too could be another gigantic conspiracy.

But, I think not. For the first time in American history, the current generation in power is seeing — a lower standard of living for the next one, a dumbing down of “graduates”, and a net loss in their savings and earning power.

It makes me mad. It makes them mad. And, it scares the dickens out of everyone.

The political class, instead of providing leadership, has run around like chicken little spending money we don’t have to feather their own nests, reward their friends, and punish their enemies. Once again, the rich and powerful had their losses made good from the public treasury. Little people lost their 401ks and became the butt of late night comedian jokes about 201ks. At least, they noticed.

And don’t forget employment. We’ve gone from the 50’s America where it was possible for a high school student to earn a living wage on one salary to now, where to wage earners is barely enough to pay the taxes and stay solvent. Never mind live comfortably.


I don’t think so.

And, it flows back into huge gooferments that suck up money like a vacuum cleaner. With bureaucrats that whine about 5 and 10% annual raises, lifetime health care, and artificially fattened pensions for their “lifetime” of “service”.

I think the “tea parties” are the undercurrent of political unrest that will make VietNam look like a walk in the park.

imho, but then I’m just one of those extremist vet that Nepaolitano and our version of the SS — Homeland Security — is watching out for. Got news for them, they could see a problem until it bites US in the A double Q!

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POLITICAL: Tax increases in a recession?

Sunday, February 22, 2009


Obama’s First Budget Seeks To Trim Deficit
Plan Would Cut War Spending, Increase Taxes on the Wealthy
By Lori Montgomery and Ceci Connolly
Washington Post Staff Writers
Sunday, February 22, 2009; A01

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President Obama is putting the finishing touches on an ambitious first budget that seeks to cut the federal deficit in half over the next four years, primarily by raising taxes on businesses and the wealthy and by slashing spending on the wars in Iraq and Afghanistan, administration officials said.

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Companies don’t pay taxes; people do. So raising the corporate tax is essentially a tax increase for everyone; poor included.

Rich folks have the ability to defer income and shit it and even “coast”. Watch how revenues “fail to appear”!


Ignores the lessons of Kennedy and Regan.

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RANT: O versus L? The typical false choice.

Friday, January 30, 2009


Are you with Obama or Rush?
1/29/09 8:00 PM EST
Updated: 1/30/09 4:37 AM EST

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Politico has learned that tomorrow Americans United for Change, a liberal group, will begin airing radio ads in three states Obama won — Ohio, Pennsylvania and Nevada — with a tough question aimed at the GOP senators there: Will you side with Obama or Rush Limbaugh?

“Every Republican member of the House chose to take Rush Limbaugh’s advice,” says the narrator after playing the conservative talk radio giant’s declaration that he hopes Obama “fails.”

“Every Republican voted with Limbaugh — and against creating 4 million new American jobs. We can understand why a extreme partisan like Rush Limbaugh wants President Obama’s Jobs program to fail — but the members of Congress elected to represent the citizens in their districts? That’s another matter. Now the Obama plan goes to the Senate, and the question is: Will our Senator”—here the ad is tailored by state to name George Voinovich in Ohio, Arlen Specter in Pennsylvania, and John Ensign in Nevada—”side with Rush Limbaugh too?”

Asked to respond, Limbaugh had a message for his party.

“Senate Republicans need to understand this is not about me,” he wrote in an email. “It is about them, about intimidating them, especially after the show of unity in House. It is about the 2010 and 2012 elections. This is an opportunity for Republicans to redefine themselves after a few years of wandering aimlessly looking for a ‘brand’ and identity.”

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Senate Republicans acknowledge that they’ll lose some of their members on the first vote.

“We’re in a little different spot than the House in that we have a handful of Republicans who have all but committed to supporting the package,” said a Senate GOP aide.

The aide declined to say who, but speculation on both sides of the aisle is centered on a group of northeasterners — Senators Susan Collins and Olympia Snowe of Maine, Sen. Judd Gregg (NH) and Specter.

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Everyone should be real clear. The “stimulus” bill is not about stimulus, jobs, or benefits for the “folks”.

It’s about socialism, pork spending, and making future voters for the democratic party.

Rahm told you that a crisis is a terrible thing to waste.

We’ve been hustled before — the Bush pre-rebate, the TARP, and now this!

And, the ad offers a false choice — O versus L?

I’m with neither.

The Republican Party NOW, when it’s out of power wants to “brand” itself as the party of smaller gooferment again. Where were they for eight years? We have the TSA, deficits, and out of control spending. All caused by a President who wouldn’t veto anything.

And, O wants to remake America on the basis of he “won” an election. Hey, guess what, more folks didn’t vote than voted. So you were elected by 28% to 24%. That should tell you that your plurality is very small.

More than half the Americans know they are getting screwed no matter which “side” won.

Not that there is much difference between EITHER “side”!

In this case, I am against the “gooferment enlargement” package.

You want to restart the economy. Shrink gooferment — Nuke the TSA, Kill whole gooferment department and agencies, stop the psuedo drug war, pardon all non-violent drug offenders, and return to normal. Cut the corporate tax to ZERO forever. It’s a sham; only real people pay taxes. Corporate taxes hide how much the gooferment is stealing from us.


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