The people charged with purveying of information have again shown their true colors regarding this president and his failed policies:
But they are so in the tank for Obama that all they’re attuned to is anything that might appear harmful or damaging to Obama. They then have to circle the wagons, and, as is always the case, rather than debate the merits of anything, the objective is to smear is and destroy whoever they consider to be the enemy of Obama. So Obama and his people make haste and write all over the place that Drudge is a liar.
I love that “pig ignorant” quote!
Mark Steyn’s article does attract great commentary.
The tax code will never be truly revised because it isn’t about generating revenue. The tax code is all about power. The power of the purse and the power of favors. Try to get rid of it and make it revenue neutral, people will scream. Try to simplify it and show how more money will be generated and people will scream it’s regressive. Try to make it fair (meaning everybody pays their fair share) and people will howl. It doesn’t matter is you could show that a flat 5% on all wage earners would generate more money, it would be squelched as unfair to the poor. It wouldn’t matter if you suggested a flat 5% sales tax on everything but food and lodging, they would scream about it’s harming someone. Car companies would lobby against (increases the car price by 5%), realtors would lobby against (we must have that interest deduction), GE would be screaming and the CPA lobby would justifiably revolt.
Think about it, every savings account a 401K, more money in your paycheck and, a tax plan that rewards saving and restraint. Impossible!
They want the power and they won’t yield it to us under any circumstances.
“When the most lavishly funded government on the planet comes after you,
eventual guilt or innocence is irrelevant: The process is the punishment.”
I found the gem in the comment section of Mark Steyn’s article covering the IRS scandal. In essence, the lawyers and the bloated bureaucracy will win while the accused, whether guilty or innocent, will be left bankrupt.
President Obama’s budget, to be released next week, will limit how much wealthy individuals – like Mitt Romney – can keep in IRAs and other retirement accounts.
The proposal would save around $9 billion over a decade, a senior administration official said, while also bringing more fairness to the tax code.
It will be fine for the government to eat the rich. Just wait till the day comes when they come for your stuff. I’m sure the looters will say the same thing about fairness, paying your fair share, and all that other nonsense politicians spew to justify taking your hard-earned money.
The richest man in France has officially transferred his multi-billion pound fortune out of his homeland to Belgium.
Bernard Arnault, head of luxury goods group LVMH, insists he has moved his assets for ‘family inheritance reasons’.
But others are convinced that the 63-year-old has joined other tycoons and celebrities in wanting to avoid taxes – including a 75 per cent top rate on income – introduced by Socialist President Francois Hollande.
And Tina turner says adios to U.S. :
US pop legend Tina Turner, who has been living in Switzerland since 1995, will soon receive Swiss citizenship and will give up her US passport, Swiss media reported Friday.
The swine said
It just goes to show you what happens when power-hungry politicians get out of hand. The rich can always pick up and find greener pastures elsewhere. The rest of us will just get stuck with the bill for the rest of the looting layabouts.
I just love the fact that Democrats take my tax money and use it to buy votes. I guess I can’t really blame them since it seems to be working rather well for them. I’m just curious to know what happens when the money fountain runs dry?
“The president’s plan to increase taxes on the upper two percent covers the spending by this federal government not for eight years, not for eight months, not for eight weeks but for eight days. Eight days only,” said Mr. Price. “It’s not a real solution. So, again, I’m puzzled by an administration that seems to be more interested in raising tax rates than in gaining economic vitality.”
Barry likes to make us think that the rich are at fault. Higher taxes on the rich will bring prosperity according to Mr. Obama’s innovative methods. Nevertheless, most people have no conception of the trillion dollar deficits that Barry has managed to create while he gives no honest answers on how this money will be paid back. What does a trillion dollars look like? How can anyone justify such spending? I was mad about W’s spending, but Barry makes George look thrifty! Anyway, the video above puts this spending in perspective and blows a huge hole in Obama’s “strategy” regarding the economy, tax policy, and getting this nation back on track. If you get a chance to watch the movie “2016,” then you probably will consider the reality that Barry really wants America to stay off track, plunge the nation into a sea of red ink (we are already there), and never recover. How else can you explain Obama’s policies?
The IRS has paid out as much as $5.2 billion in fraudulent tax refunds to immigrants, and ignored employees who tried to warn agency higher-ups of its mistakes, according to a new audit released Wednesday by the agency’s inspector general.The Treasury Inspector General for Tax Administration said identity theft fraud could cost the government $21 billion over the next five years unless the IRS takes steps to crack down on the bogus use of Individual Taxpayer Identification Numbers ITINs which are issued to immigrants — legal and illegal — in lieu of Social Security numbers, so they can pay taxes.