Posts

Tax The Millionaires! Again!

Several decades ago, it was discovered that sixteen people with incomes over one million dollars paid no tax on it. The result of this discovery was that the Congress created the "Alternative Minimum Tax." People in the highest tax bracket had to hire an accountant to calculate their taxes under the regular tax code, and the AMT code, and pay whichever amount was greater. The only problem was that the AMT was not pegged to inflation. This has forced successive congresses to pass "patches" to keep it from affecting millions of current-day middle class taxpayers. For some reason, they've never gotten rid of it. Recently, I read that over one thousand people who earned over one million dollars in income paid no tax on it. I guess that not pegging the AMT to inflation wasn't the only problem with it, after all, if the number of million-dollar earners who paid no tax grew by around 7,000%. I don't know what percentage of all US million-dollar earners those 1...

JIMMY HOFFA's Army Is Smaller Than His Father's...Who's Getting "Taken Out"?

Jimmy Hoffa Jr. claims to represent "working families," but unions represent around 6% of the private workforce, and less than 25% of public employees. If this is his "army," it's dwarfed by the majority of working people, who have to compete for employment based on competence, not seniority in a union. Public sector unions have even less claim to represent "all working people," since they are paid by the much larger group of taxpaying citizens, who don't receive anywhere near the generous benefits they provide for unionized, and elected public employees. The federal government follows the unions' lead blindly. The Department of Labor has little impact on the majority of Americans who work for small businesses. Most of their policies don't affect companies with less than 50 employees. The Department of Labor has become little more than the unions' enforcement agency. A perfect example is the Boeing situation. Boeing wants to expand US e...

RFK Jr. "Lies on TV" About "Free Electricity" on Smiley's PBS Show

On Teusday night's Tavis Smiley PBS show, the the guest was Robert F. Kennedy, Jr. In the space of five minutes, he went from talking about how Fox News "lies on TV" to saying that a new solar plant would provide "free electricity." He cited no examples of FNC "lying," then went ahead and spouted a huge "whopper" of his own! Noting that "the sun is shooting those protons down here," he twice used the phrase "free electricity," emphatically. Now, I suppose that solar energy may become cheaper than coal for generating electricity, in some areas (like the desert), but it will never be "free." Beside the cost of building the plant, there will be operation and maintenance costs, which will be ongoing. These workers will need health care and pensions, of course, so the electricity will be far from "free." Of course, Kennedy doesn't see how perfectly he illustrates the typical liberal hypocrisy. Attac...

Obama's No Reagan

"I have reached the point where I say enough," Obama said, according to the aide. "Would Ronald Reagan be sitting here? I've reached my limit. This may bring my presidency down, but I will not yield on this." This is funny, because in the past week, House Majority Leader Boehner was compared to "Reagan at Reykjavik" in a Reuters blog, when he wouldn't yield on higher taxes. Obama's statement is asinine: Reagan would agree with the GOP position, but Obama seeks to just "transpose" liberal vs. conservative positions as equally valid. He seeks to claim Reagan's "optimism" about the economy, but his policies are the opposite of Reagan's. This quote shows how shameless a political poseur he is, though I suppose every president has to "play the game." Good luck with that strategy, when they'll be saying "Mourning in America," instead of "Morning in America." Oh, wait, they're already...

Vile Rhetoric: What Would Rep. Giffords Think of Obama's "Gun to the Head" Comment?

Not to belabor the point, but does President Obama remember his own sentiments after the tragic shooting of Rep. Gabrielle Giffords? Or was it just rhetoric, no different from his accusation that the GOP is "holding a gun to the head" of the nation? No excuses, that's vile hypocrisy, and an insight into our president's POV. It's twisted, yet understood by most Americans. When you don't have a better argument to make, call your opponent "the devil." Once again, the President of the USA has done the opposite of his promise to "elevate the political debate." I am more ashamed of President Obama than any liberal could have been ashamed of Pres. Bush...

Did Weiner's Scandal Hasten Spitzer's Ouster?

CNN canned Eliot Spitzer's "In The Arena" show because of low ratings. That is the bottom line, and I don't intend to say otherwise, here. I want to look at the impact that the Anthony Weiner scandal had on an already failing program. This show was seen as the "rehabilitation" of Eliot Spitzer, and it wasn't going well. I think Spitzer would have been given more time to build an audience, had another prominent NY politician (Weiner) not been caught with his pants down. Giving Spitzer a show was a gamble, and CNN paired him up with the conservative Kathleen Parker, trying to do the basic "left/right" format. Unfortunately, "Parker-Spizer" had low ratings, and there was some animosity between the two. Parker left the show, and the show was renamed "In the Arena, with Eliot Spitzer." It received even lower ratings. Along comes the Anthony Weiner scandal, and the inevitable jokes about him joining Spitzer on CNN. I never watche...

Latest Obamacare "Glitch" Is Another Example of Liberal Audacity

Nancy Pelosi famously said that we have to pass Obamacare, to find out what's in it. Well, they did pass it, and we're still not done finding out what's in this law. The latest "glitch" is a provision that expands Medicaid coverage to retired people who are considered "middle class." From AP: "Up to 3 million more people could qualify for Medicaid in 2014 as a result of the anomaly. That's because, in a major change from today, most of their Social Security benefits would no longer be counted as income for determining eligibility. It might be compared to allowing middle-class people to qualify for food stamps." I found the food stamp comparison interesting, because many middle class people already qualify for food stamps, in this economy. They used to have ads touting "you may not know you qualify for food stamps." I can imagine an ad, after Obama's re-election, saying the same thing to people who didn't know they qualifi...