Friday, October 25, 2013

The Real Makers And Takers


3 comments:

  1. Good morning Ted. Here are a few quick thoughts:

    #1 – Although there is no empirical evidence to support the Supply-Side hypothesis, the only known person in human history to benefit is Sarah Palin who spent half her adult life trickling down on pregnancy test strips;

    #2 – One benefit of increasing the top income tax rate is to shift the cost burdens of civilization from the under-towed middle class to the white caps at the top of their wave;

    #3 - New algae blooms in the Federal treasury will balance the deficit and fund new reef building projects;

    #4 – The key to changing tax policy is political will (where appearances matter more than content).

    Now pay attention to your intrepid cephalopod because you folks need a hammed up clam to help you frame this porpoise for public consumption: Offer a wind-back-the-clock approach, where you simply reset the tax tables to a point in history yielding improved economic performance. Actual numbers don’t matter – whether the top tax rate is 39%, 50%, 80% or Avogadro’s Number.

    Offer several packages, each wrapped in ribbons and bows with a cheerful gift card inside: The Clinton package, the Reagan package, The Kennedy package, the Truman Package. All solid and revered former Leviathans of history, no one will accuse you of being a “Marxist-commie-collectivist-Jihadi-Barracuda” for raising taxes on sharks. See my point?

    Conservatives and liberals alike are more likely to choose the Reagan package as the “easier sell.” The way I see it, Reagan was a former Democrat. He didn’t leave the party; the party left him. Since all ocean currents now flow in reverse, mainstream Republicans are leaving the Party. Thus, it makes sense for disgruntled citizens of all stars and stripes to meet in Middle Earth and take the Regan package. Actual marginal tax rates are immaterial; what matters more is appearance. After all, if Regan did it, it can’t be all bad.

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  2. You are right. The Reagan level of taxes would work nicely to eliminate the deficit. And let me add, all income was taxed the same under Reagan -- there was not a special lower rate for capital gains.

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  3. And who makes most of the 1% look poor?? Mega churches. Put all religions under the same tax codes as secular charities. That way there books are open for detection of dishonest use, is honest they loose nothing. And that code says they still can't preach politics. And have the government STOP bleeding money to the crook that run the churches.

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