taxes

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More Cap And Tax Omissions

If you want people to actually trust you, you have to do something worth receiving that trust. Of course, the US Government could care less about being trustworthy, as long as they are getting the opportunity to reign in more and more personal power.

Take, for example, the fact that the guy who (allegedly) wrote the upcoming Carbon Cap and Trade Bill, Henry Waxman. This guy wants us to trust him on his proposed legislation, but cannot even say for sure what is in it! Maybe, sir, if you would quit trying to bury billions of special interest crap into a 1200 page piece of crap, you might actually know what the hell your own law will mean.

Now, the government is putting the spin cycle on full force as they purposefully omit vital information from their (public-facing) numbers crunch. I imagine the real (privately held) numbers are more precise. Directly from the folks at Heritage.org:

Most problematic is their complete omission of economic damage from restricting energy use. Footnote three on page four reads, “The resource cost does not indicate the potential decrease in gross domestic product (GDP) that could result from the cap. The reduction in GDP would also include indirect general equilibrium effects, such as changes in the labor supply resulting from reductions in real wages and potential reductions in the productivity of capital and labor).” That’s a pretty big chunk of change to ignore. In The Heritage Foundation’s analysis of the Waxman-Markey climate change legislation, the GDP hit in 2020 was $161 billion (2009 dollars). For a family of four, that is $1,870 that they ignore.

The revolution is at hand. Will you be a leader or a follower?

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Seeing Red On Green

In what I think is a GREAT move, many Democrats are balking at the idea of a national energy tax to support Cap n Trade. Regardless of how it is spun, a MASSIVE tax is exactly what it is going to be. And if you tax the industry, the consumer will get the shaft in paying for it.

Of course, the government, in this legislation can tell the industry that they are not allowed to raise rates. That would allow the industry to go broke and bankrupt so that Glorious Leader and his Crony Crowd could swoop in like Flying Monkeys led by the Wicked Witch of the West to bail them out and nationalize them.

With finance and energy in the bag, the march to statism will have taken a giant leap. Gird your loins, patriots. It is going to be a long, cold winter.

The revolution is at hand. Will you be a leader or a follower?

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Do You REALLY Know Your Taxes?

Glorious Leader screamed from the mountain that an unprecedented 95% of Americans will receive a tax credit because, well, he hath proclaimed it so. Well, they DID do it. They passed trillions of dollars in spending and smiled for the cameras as they said Told You So.

Unfortunately, they forgot to mention that a large number of people who got this tax credit will have to return much of it next year. You cannot make this stupidity up.

From the AP, an Obama-favoring group:

The tax credit is supposed to provide up to $400 to individuals and $800 to married couples as part of the massive economic recovery package enacted in February. Most workers started receiving the credit through small increases in their paychecks in the past month.

But new tax withholding tables issued by the IRS could cause millions of taxpayers to get hundreds of dollars more than they are entitled to under the credit, money that will have to be repaid at tax time.

At-risk taxpayers include a broad swath of the public: married couples in which both spouses work; workers with more than one job; retirees who have federal income taxes withheld from their pension payments and Social Security recipients with jobs that provide taxable income.

Read the entire article here.

Lovely, is it not. As I explained in 100 Days of Night, these are the things happening out of sight, off camera. These are the happenings that scare the daylights out of me.

The revolution is at hand. Will you be a leader or a follower?

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The Real Cost Of Free

Socialism.

Some in the media have no issue using the term; Rush, Hannity, Beck, and others have called our current administration socialist and borderline communist. As pointed out by Michelle Malkin, however, 53% of Americans believe that capitalism is better than socialism. 53%. That is a scary number. I mean, do people not realize just how much things will cost us when the government begins to provide all services and necessities?

One need only look around the world to see just how this works. Look at some of the best examples of this system:

  • Canada – average wait time from getting a referral from a general practitioner to receiving a treatment was 17.3 weeks in 2008
  • France – a system of compulsory, employer-based insurance, for instance, is the third most expensive in the world (behind Switzerland and the U.S.) and runs a regular deficit, despite the fact that French citizens pay an effective 18.8% income tax for their health coverage
  • U.K. – While single-payer systems have proven comparatively more successful at controlling costs, this has come at the expense of high-quality patient care. All of these systems are characterized by waiting lists and other forms of rationing.

Statistics are out there. This is just Health care. What will be the cost of other FREE services that are going to be given?

FREE money for college if you volunteer- which is paying you to volunteer and which is being looked at to become mandatory.

FREE energy. OK, not FREE, but forcing you to be energy efficient; using less gas, buying a more expensive hybrid vehicle, making your home more energy efficient – all worthwhile, but costing much more out of pocket.

FREE money in the form of a ‘refundable tax credit. How can you get a tax cut if you never pay taxes in the first place? If you get a refund of all or more of your annual assessed tax, you don’t pay taxes. For example, while deployed in the Navy, I was in a tax free zone. That year, I got a huge return, bit paid hardly any income tax. That was because of all of the ‘credits’ I was able to claim. I paid no tax that year. How many are like me, that received a return greater than the amount of income tax paid? And, of course, who is footing the bill for those getting extra money back?

Are we getting the picture? Getting stuff for free is not going to be free. I imagine it is going to be more expensive than we think.

The revolution is at hand. Will you be a leader or a follower?

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Greenie Weenies: Not Just Scrubbing Pads Any More

UPDATE: Nice video about PEOPLE making Earth better, not worse.

Global Warming is false. After all, how does one explain the recent report that the Earth has been COOLING for the past seven years? Not only that, we are COOLING at nearly as fast a rate as the IPCC says we are supposed to be warming. Of course, you don’t see anyone mentioning that fact. In particular, the MSM has completely ignored the fact.

Well, they have not completely ignored it. The do try to debunk the facts, but when they do they normally wind up contracting Foot-In-Mouth disease. Case in point is the argument for and against Cap n Trade. That is the program designed to charge you for excessive emission of CO2, that pesky little ‘pollutant’ that has everyone in a tizzy over the melting of the planet. The problem I have is that CO2 is minuscule with respect tom affecting climate. Water, of course, is the major player, but one does not hear of anyone trying to dry up they atmosphere. Why not? Perhaps because it is crazy?

I also want to know why no one is suing the IPCC on behalf of all of the plant life we are starving my limiting the food they need. Just a question I have, so don’t freak out on me for asking. The only dumb question is the one not asked, right?

So anyway, with Earth Day in full swing, the three days of hearings on the Cap n Trade issue are going on in congress. If they go forward with this, there will be heavy fines and taxes imposed on those businesses responsible for killing our planet by turning it into a slow cooker. What is not being said is what those business will be. Perhaps because if the public actually learns they will oppose it?

Energy. That is the major industry affected. When the taxes are imposed, do you think that the energy companies will eat the profits lost? Hardly. They will pass it on to the consumer. So much for not raising anyone’s taxes. If you use electricity you will be paying much higher rates. Add, then, the auto industry. In order to make ‘green’ cars, they will be forced to jack up the prices. Again, one of those consequences not being mentioned.

Although, with the government running 2/3 of the auto industry, and more than likely taking control of Energy when it all begins to buckle under heavy losses. Think it won’t happen? Imagine the government imposing limits on charges that can be passed onto consumers, so they companies WILL lose profits and thus go under, paving the way for the government to ‘bail them out’.

But no one in the main stream is talking about it, because the global warming farce is going full throttle. An eco-freak’s wet dream. God save us from our saviors.

The revolution is at hand. Will you be a leader or a follower?

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Tea Parties Considered A Bust

By everyone but those who believe in the right to dissent, who want the government to get off the bullet train to hell and start listening to the people.

Of course, in Rhode Island, people said the same thing- until the unhinged mob descended on city hall and forced them to changed their vote and to vote down a new tax on the people to pay for public schooling.

Imagine that. We The People followed the constitution and actually got results.

The revolution is at hand. Will you be a leader or a follower?

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It Moved! Tax It!

The last vestige of true capitalism is under attack. Because state governments cannot manage their own budgets, because they refuse to cut back their spending and, instead, want to find new and innovative ways to squeeze even more money from the taxpayers, the Internet is now being looked at for new sources of revenue. I think the worst part would be just what tax rate will they use? After all, different states have different rates. What if the site is located overseas? Scary stuff, letting the corrupt-o-crats get involved.

I hope Al Gore does not get upset by this. He has been under considerable stress lately, what with the lack of global warming and all.

I am really curious as to just how screwed up our online experiences will become after the likes of Ried and Pelosi get their corrupt fingers in the pie.

The revolution is at hand. Will you be a leader or a follower?

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Your Tax Dollars At Work

Is this one of those “shovel ready” projects mentioned in the recent porkulus bill? I certainly hope not.

Between you, me and the teleprompter, I am hopeful that our city governments can find better usage of $180,000 in tax dollars. While I am all for needing to spend money to help upkeep local, state and federal buildings, putting up new art (ugly art at that) just for the sake of spending dollars is a no-go for me.

Thoughts?

The revolution is at hand. Will you be a leader or a follower?