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“Collective” Praise by School Children
Now back at the Florida Headquarters from Ohio then Nashville (nearly adjacent to the EIB network) J
I wanted to post a personal email I sent to a couple of friends last night that are occasional readers and commenters here at NSL, though not on the flattering side. I have taken the liberty of nominal editing and redaction of some actual personal numbers in this republished letter, but you can trust that they were just the same significant, at least to me.
I’d hope that while the left is taking a page out of the Mao Tse-Tung songbook of “collective” praise by school children for the leader (mmm, mmm, mmm) that some might read the article (below) about the “real world” and learn something about how finance actually works, but then again that is why they say about SOME teachers: ”those that can do, do …. while those that can’t do, teach.” New York is worried and perplexed about why the income tax revenues from the recent piled on tax of the “wealthy” this year is not meeting expectations even after adjustment for the recession. The truth is (and to their future and intensified dismay) because it was enacted just this year the “wealthy” have not yet been able to implement their “end game” economic plans. This year down 20% but look out for additional exodus from New York that will not only erode some of the planned increase, but take money off the table that previously existed under the prior tax structure. You might say, “well, that is a state problem,” but they can’t run away from the Federal Government. This is the naiveté of the left. These people are the primary employers in the country and just watch them move investment & production offshore because of this type of stuff and cap & trade, etc. [Just like Obama did in 2008 with the proceeds of his book sales income invested almost entirely in foreign investments.]
Though just a small player in the financial world, I am a “tax refugee” from Ohio myself. I make most of my income from stocks and the stock market. My margin cost (i.e. investment interest) can run to 50% of my gross proceeds (and has been 80% in the past). Ohio is one state that does not recognize the legitimate expenses of producing income and wants to tax the gross not the net. Even the Federal Government allows this type of expense though be it “below the line” as they say and then they also have an “unfair” “run off” of Schedule “A” deductions and of course taxing the gross through AMT outrage. Any self respecting “progressive” won’t see anything wrong with this at all and others will justify it by accusing and citing what they personally didn’t like about George Bush or some ad hominem comment like that, but the bottom line is this is costing governments “revenues” and they just can’t seem to grasp that.
One example is that I myself now file as a Florida resident (and you can be sure I am dotting the i’s and crossing the t’s religiously on the residency game). I went ahead and calculated my hypothetical OHIO taxes for 2008 (just for personal humorous entertainment since I became a refugee in 2007). Well, I laughed when the computer gave me the answer. Even though the rate is about 30% lower than CA, if I were an Ohio resident in 2008 I would have sent them a check for $XX,XXX. If they had responded favorably and reasonably to my petitions to have margin or investment interest deductible against investment income, I would have only had to pay around $XX,XXX in taxes. A couple of Republicans proposed this legislation (which I think I may have influenced) but the “progressives” shot it down. Their “progressive” ignorance not only cost them the $XX,XXX extra tax they wanted from me but the amount I would have paid if they had allowed investment interest deduction as well. In short they lost it all. You say “no big deal” but remember I am not the only one. I meet “tax refugees” down here all the time. Ted Turner is one by his own admission. (though I didn’t meet him)
If teachers or people want their children to learn something that will be of value apart from some inane mantra about the leader however creepy it may seem, they should teach them the lessons of this article (just think how delicious the response would have been if it were George Bush they were singing about 2001-08). Since people still have certain freedoms the schemes of the left are doomed to failure, but I think they know this and realize that they will have to deal with what we once thought of “as” our freedoms. [just for starters take note of the Baucus health care bill requiring the young & healthy to buy health insurance or pay $3,800 +/- “tax” under penalty of fine and imprisonment in the gulag (most likely un-constitutional now ….. pending future vacancies) in order to subsidize health care for the older and other uninsured (which now looks like will include “illegal aliens” by simply declaring them legal). Just think what a world wide health care magnet that will make us…….we’re so wonderful]
About the article below, read it, memorize it and don’t forget it…………. They already tried this with the aviation and marine industries during Clinton and it failed so badly that Teddy Kennedy led the repeal himself. But along the way it cost untold thousands of jobs and was a “net income loss” for the Treasury. The Democrats bragged about it being a luxury tax on the rich. No “rich” person paid the tax and none were denied luxury yachts or private jets or non-jet aircraft, yet they (the rich) still created a lot of jobs…….overseas. What is it they say about what the deffinition of insanity is? But what the hell, change is coming. (heard that before too) http://news.yahoo.com/s/ap/20090927/ap_on_re_us/us_taxing_the_rich
Government Ministry of Thought
The White House is now asking publicly for ordinary citizens help it rain in what it calls disinformation about the Presidents healthcare program. They have published an email address flag@whitehouse.gov for people to write to snitch on people expressing their dissatisfaction with the program. Check out this Public Service Announcement by the White House HERE. What has come to this country is CHANGE, but I’d prefer to retain my freedoms such as speech, thank you. It is interesting that from the same people that made sure that George Bush wouldn’t tap the phones of overseas Jihadists calling their operatives in the USA we are getting and executive branch campaign to collect names of dissenters from the Presidents programs.
Anyone that has a bit of common sense can examine statements by the White House and Members of Congress as well as past video comments by Barry and realize that this is indeed designed to move us to a “single payer” Canadian style program ultimately. Their claims to the contrary about the plan is in fact the real disinformation campaign. They are even lying about the language itself that is contained in that 1,000 page monstrosity. But that is what a democracy is all about. People have preferences. If you are for the Canadian system and all that this may mean like Barry, then so be it. But they should be honest about it and not so surreptitiously conniving to force something down your throat through the strategy of dying by a thousand small lashes.
This country is founded the principle of freedom of speech and political thought and it is clear that the administration is trying to crush this. He has ordered his lieutenants to hit back twice as hard. They were smart, they charged the opponents at the Town Hall meeting preemptively with wearing swastikas and rough house and intimidation in disrupting the meetings even though this was not so according to many police reports around these events. This was a couple of days before they launched their own Brownshirt activity by loading the Town Halls with SEIU (Service Employees International Union) and ACORN affiliates to intimidate the old people attempting to enter the halls. Of course those preemptive comments about the opponents would serve to permit the Administration and Democrats in Congress to say the opponents were striking back and making it up. Too bad this time it is on tape.
Reports are that many opponents at many town meetings were told it was full while SEIU members were ushered to alternate doors for entry. This is flat out suppression of speech. This whole thing is becoming rather Orwellian in the manner that Obama is running this thing. This is much like the “Black Panther” intimidation during the election that the White House got the charges dropped on after they got into office. Let me tell you there is one hell of a storm brewing folks.
The most interesting and hypocritical thing of it all is that Barry is calling out those voices of protest as noise makers interrupting his work. These are people that are voicing their objection to his plans. Here you have the Organizer (scratch that) Agitator and Chief that spent his career organizing protest now using strong arm tactics to stomp it out. But I don’t mind in the least, because I believe he is making mistakes that will lead to death (of his Administration). I guess Rush was correct when he hoped for Obama to fail (as to his programs) even though the left media tried to distort the truth of what he actually called for.
Be sure to cancel your subscriptions to all newspapers and periodicals that are supported by the State Controlled Media and be SURE to cancel your memberships to AARP who has sold out their membership in favor of their blind acceptance of this direction. Send the message. Now go ahead and report this “fishy” blog post to the Government Ministry of Thought.