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The Great Philosopher Confucius preached of governmental and personal morality, honorable social relationships, just living and sincerity. He wrote, “In a country well-governed, poverty is something to be ashamed of. In a country badly governed, wealth is something to be ashamed of.” This is the tale of two Presidential Administrations in the US and an impending calamity that will occur after the next Presidential election. Under President George W. Bush, the nation was guided through the hymnal of shame at the excess of the wealthy. It spurred many employed persons to complain that the wealthy ought to pay more taxes and be more fair with the distribution of their property. The United States became ashamed of the large number of poor persons that were unable to find work (average unemployment rate for two terms was about 5%) and would have to live off of food stamps and welfare (28 million). Today, President Barack Hussein Obama speaks of the poisonous “silver spoon” that has oppressed the poor and middle class. Capitalism, under the Bush administration, has been a noose around the necks of those that have prospered outside of union manipulation, corrupted market systems and government sponsored endeavors. Only a mighty stimulus will reward those that seek life, liberty and the pursuits of happiness from the fountains of Central Planning Organizations. Obama has clearly defined, for the masses of people that ride their BMW’s (Bus/Metro Train/Walk) to the Mall to watch TV since they can not afford the increased costs of utilities in their homes, that America’s greatest shame is not its poverty but its wealth. The media continues its propaganda rantings about the economic successes of the current Administration. However, more people than ever are out of work (greater than 8% today) and nearly twice as many people are living off of food stamps and welfare (47 million). In the cabinet drawer of life, Obama’s disdain for the “silver spoon” of wealth creation has not been lost on his preference for the “golden spoon” of entitlement. Confucius says, “Do not impose on others what you do not desire yourself.” If Confucius were around today then, by the numbers, I believe that he would say that George Bush governed well in comparison to President Obama. So whom wears this shame? It is worn by the American citizens that empowered a economic neophyte to take the helm of the most powerful Nation in the world on the clandestine promise of “hope and change”!
Let us be absolutely transparent. TAXMAGGEDON is REAL. It is a ruthless attempt to penalize those that will not vote the current president out of office. Those that will suffer most will be those that he says he holds most dear: the poor and middle class. Taxmaggedonis a $500 Billion Hammer that Obama and his Democrat Senate plans to throw at the heads of American taxpayers. This added to the Sickle of Obama Care Taxes on the Red Background of our gloomy national deficit of $16 Trillion and you get a pretty good idea of the direction that class envy will take you. Obama has always chosen class envy over prudent economic policy. Class envy makes enemies of fiscal conservatives, appeasers of moderating Independents and Republicans in Name Only and moralists of Marxists, Socialists and Keynesian Theorists on Steroids. In observance of the class envy, politicking in the US has changed. It makes multimillionaire politicians feel as if they have to apologize for their success and at times, for the success of their ancestors. There it is. It is a shame to earn, inherit or invest wealth. It must be given to you by the great bureaucrats of the ever expanding central government. But Ken, I just filed my 2011 Tax Return. Why are we even talking about this? I believe that this moment warrants a sincere consideration of an immense and deadly financial tsunami that will soon broach the paychecks of laborers, the capital gains of investment portfolios and the philanthropic resources of non-profit agencies.
For the “We Got You Back, Obama” clientele, nothing I proclaim will make sense to you. Your answers are written on golden tablets buried beneath the Oak tree under which you slumber awaiting Obama to pay for your gas and your mortgage. However, for those awakened by the fall of ACORNs, you will understand that absolute allegiance will cost you and your grandchildren a fortune. Let’s start with the basics. The Obama Tax Cuts will expire on December 31,2012. Yes, the same man that brought you the infamous “Make Work Pay” Credit [STAND WITH THE WORKERS OF AMERICA. USSA. USSA.] is proud of his seventeen (17) small business tax cuts. However, they too shall pass. The Bush Tax Cuts will expire on December 31, 2012. Despite what Madam Rachel tells you on MSLSD, the Bush Tax Cuts were more profitable for the poor and middle class than for the wealthy.
The report states that on Jan. 1 the doubling of the child tax credit, increased standard deductions and income credits and the creation of the 10 percent tax bracket — all of which primarily aimed at non-wealthy taxpayers — will vanish if gridlock persists in Washington.
While wealthier taxpayers pay more in taxes and stand to lose more money if the tax cuts expire, the impact on low-income taxpayers will be far greater because they live on slimmer margins.
Tax Foundation Report, October 2010 [http://thehill.com/blogs/on-the-money/domestic-taxes/123131-study-e...]
Why do you say this, Ken? Well, can you imagine being a Head of Household earning just $12,400 per year from your part time labor at Smokey’s Juke Joint ad watching the Federal government take 15% of your pay instead of the 10% that “W” said was enough to pay the federal bills. Starting in January 2013, you will pay $1,860 rather than $1,240. That’s an additional $620 to Big Pimp Uncle Sam. You go player. You gotta get that dollar bill y’all! Man, you are making a mountain out of a molehill. They will make that up in Earned Income monies and writing their kids off on taxes. In 2012, the head of household parent with three children received $5,891 in Earned Income Tax Refundable Credits. In 2013, she will receive $4,140. Yeah, that negative $1,751 will make up for the loss of $620 made payable to Big Daddy Uncle Sam. Oh yeah, those kids! She received a Child Tax Credit of $1,000 per child in 2012. In 2013, it falls 50% to $500. You see under President Bush, the Head of Household Filer did pretty well. As Obama exits, they will suffer mightily. In fact, the Bush Tax Cutsgreatly rewarded those that the Far Left deem are the poor and middle class. With low unemployment rates, many were able to escape the fiscal confines of governmental tax-ploitation from the Democrat Tax and Send Lobby. This led to increased consumer and industrial spending and an expansion of the economy.
This Message Is Not One spoken of Well by Urban Democrat Tax and Spenders or Carried Well by Conservatives. For Urban Democrats, lower taxes do irreparable harm to their influential powers built upon class and caste envy, government dependence and wealth distribution. Under the assault of lower taxes, people begin to ask three essential questions that eradicate the need for the Democrat Party. The first is “If government can run on less, why do they need so much of my money?” This speaks to the corruption and inefficiency that comes with government intervention into the daily lives of the citizen. Every cause of Man becomes a noble requirement of citizens to devote a portion of their incomes. We are not looking for a “real” solution but merely project or program that will help us cope with the ruin that was done by Man. Since it was Man, or the citizen, that caused the ailment which required the noble cause, a “pure” organization must step forward to oversee the correction of the problem. This pure organization must select the most elite thinkers to oversee the regulation of its competitors–free market capitalists–and fairly pay those that wish to such noble labor. While fairness is the hallmark of the effort, the elite recognize that some workers are better than other workers and must unite them to maintain control of the effort. This nobility requires more pay and benefits than the other knaves. Each has security and performs labor. However, citizens are assured that for additional project and program costs that the project or program will keep people employed and the city, state or federal government working towards the noble effort. Notice how we moved from an efficient effort to correct a problem to a noble effort to maintain those in employment to manage the problem. Corruption of effort leads to corruption of purpose. The corrupted purpose is not self-sufficient. It is built on noble reasoning and funded on the fear that Man will not solve the problem and only Government can manage it. Hence, more money is needed to do much with little outcome. The purpose has allowed the government to grow and burden the people. The citizens are divided: (1) those that recognize waste, fraud and abuse and (2) those that wish to maintain their pre-eminent source of wealth and will do, by any means necessary, to secure its source of power and influence.
The second is, “Can we do without government doing this for us?” This question requires exploration and examination. in Urban America, such exploration is deemed fruitless and harmful at once. There are some in Washington, DC that can not imagine a private trash company ridding the city of refuse at a reduced cost. There are some in Washington, DC that will not envision the parent having the power to choose the school for the child based on the needs of the student, the overall performance of the school and the direct access to taxpayer funds to fully support their decision. At one time, we were trained to become doctors, lawyers and entrepreneurs. Today, students in our community, are encouraged to become government workers and study social work. The studies of Math, Science and the Constitution are deemed too hard. How can a people that are unable to get a Voter ID actually run a marketing company that notifies the community of changes in transportation, provide needed care to the poor or represent them justly in discord without government? It goes without saying that the only way to manage poverty is to allow government to involve itself in the daily lives of its citizens. The only way to overcome it is to get government out of the daily lives of its citizens. Such examination is profitable and will lead to liberty. This is at all disdained by the Democrat power brokers and their Urban Poverty Pimps that govern Metropolitan areas.
The last is, “Whose money is this anyway?” It’s amazing the number of friends that I have on Face Book with a Blue D surrounded by a Blue Circle in their Information area. This is their Face Book tattoo for being a member of the Democrat Party. However, if you ever pose this question, you get a sincere renegade-like retort. ”My money is my money!” Often, this is the same response I hear in marriage counseling with young couples. ”His money is My Money and My Money is My Money!” Yes, get the Divorce Papers together now. Possession seems the important virtue of wealth accumulation. However, the same individuals misunderstand the power that they lose and the power that a centralized federal government gains in the articles of this possession. When possession is the essential link to success, you are not willing to succumb to a natural requirement to give as needed. You understand that there a noble causes that you can give to without prodding however, greed separates you from such activity. Someone else can take care of this problem. I don’t have it to give to those that can do best in managing it. This is why an all-powerful government suits the Tax and Spend Democrat. It removes their Will to Give and Replaces it with the Patriotic Duty of Hiring Someone to Do It For Them. While Conservatives would prefer to battle the Invisible of Free Markets, Liberals feel most comfortable when the Visible Hand of Taxation automatically withholds funds from them to answer the most noble challenges of the day like funding Government Services Administration (GSA) Trips to Las Vegas or meddling in the private business affairs of mankind by funding Solyndra. To the Conservative, every penny that you earned is yours and to the Liberal, every penny that government allows you to keep is yours. Government in Urban America has spent the past eighty years indoctrinating people to incrementally reduce their Trust in themselves and God and incrementally increase their Trust in Government.
In 1964, when President Lyndon Johnson declared a “war on poverty” in America, the poverty rate stood at around 19 percent.
Since then, total federal, state, and local spending on anti-poverty programs has amounted to $15 trillion, yet the poverty rate now stands at 15.1 percent, the highest level in nearly a decade.
Businesses, families, investors, etc. are all looking to December 31, 2012. For the Poor, their attack is already underway. Unemployment and those exiting the employment market due to an inability to find opportunities are increasing at record high levels. More Americans are on food stamps and welfare than at any time in four decades. More skilled labor opportunities exist than non-skill and that speaks to the education crisis in Urban America. The impact on federal, state and local governments is stark. Michael Tanner, Cato Institute Health and Welfare Studies Director and Author of The Poverty of Welfare: Helping Others in Civil Society”, writes, “Federal, state and local governments now spend $20, 610 a year for every poor person in the United States or $61,830 for each poor family of three.” Since President Obama began his Administration, the Nation’s governments have spent $1 trillion on anti-poverty programs which s $315 Billion more tan the Nation spends on National Defense.
[DC Mayor Vincent] Gray is willing to rewrite tech incentives that would save LivingSocial up to $32.5 million in taxes over a five-year period beginning in 2015. By then the company, which has yet to turn a profit, expects to be operating in the black and to have hired an additional 1,000 people in the city. To maximize its savings, at least half of the new hires would be required to live in the District or move to the city within six months of being hired.
Businesses and wealthy persons have an advantage that the poor do not. Mobility! If they do not like the way the tax game is being played then, they can pick up their wealthy game pieces and leave. The Poor have no place to go. They will bear the brunt of the forces of tax policy gone wild in Democratland. They have no lobbying group to dine with city leaders to work out a favorable tax deal. Many say that under Republicans, the Rich get Richer. It appears that, under Democrats, the Poor get Poorer. Blame Bush!