Monday, April 27, 2009
Wednesday, April 15, 2009
Of all the unlikely happenings suggested above, this is by far the least likely, but it will eventually happen, just maybe not in 2009. As it becomes increasingly apparent that the federal government cannot meet its obligations, or conversely, as the tax load required to meet those obligations explodes, there will start to be discussions in states about secession. At first, it will be quackery, but as the situation worsens, it will gain traction with people. It is unlikely to actually happen, but the thought alone that people might start to take the idea seriously is by itself remarkable. The most likely candidate, of course, the Republic of Texas.
Monday, April 13, 2009
Now, it's nice to see that GG is concerned about civil servants' pensions because she doesn't give a shit about the pensions of union members. And I really hope all of the traders really do take to the streets in full scale tax revolt. Surely the general public will understand the OUTRAGE of having to pay an additional 4% of income tax on ever single dollar earned above $375,000. How will Obama sleep at night knowing that poor hedge fund managers will be forced to liquidate their Hampton beach houses because soon they will be taxed not at the capital gains rate, but at normal income tax rates? Yes, please let them REVOLT at the mere thought of being treated just like everyone else.Aztec is probably correct that Obama's tax increase on the "rich" is unlikely to ruffle many feathers. The targeted population is small enough and generally well-educated and conservative enough that they won't start brandishing torches. If anything, Obama's policies might lead to a slow-motion capital strike ala Atlas Shrugged, but it will be difficult to separate that behavior from the overall recession.
But Aztec is missing the point by focusing on federal income taxes. The anger behind the tax revolts is focused on two separate problems. One, the federal government is spending like crazy, and most Americans are smart enough to understand that this will translate to a heftier tax burden down the road. Two, and this is much more visceral, is the anger at rising state and city taxes, particularly property taxes. Mish coincidentally just discussed the problem, and I have personally seen multiple examples over the last week. A friend in Hoboken, NJ just saw his property taxes raised from $4K to almost $12K. Add to that the increases in NJ income taxes, and you have the recipe for an angry electorate. Many other states are doing similar things. Rather than cutting spending to reflect recessionary conditions, they are raising taxes on an already strapped middle class.
As an aside, I also want to address one of the most unjust but least talked about side effects of rising property taxes, the forced sales of properties by elderly people. I know of three cases personally of elderly individuals living on fixed incomes who are being forced to sell their properties because they cannot meet the rising tax burden. One couple in NY bought their home two decades ago for less than $150K, but they now face an annual tax bill above $20K a year. They have to sell. Another woman I talked to today is putting her MD property of 30 years on the market because she can no longer keep up with the tax obligation.
These are people who own their homes outright and have for years. For the state to essentially force them to leave is immoral and ought to be criminal, but it is happening all over the U.S. now has governments looks for new sources of revenue.
A nationwide tax revolt is coming. It might not reach critical mass this year, but it is just a matter of time.
In any case, I will be marching April 15th. And not for my 4% as Aztec smugly suggests, but because out of control government spending threatens the basic values of life, liberty, and property, and apparently the only way to stop it is to take credit card from the politicians' hands.
Saturday, April 11, 2009
1. My link was a response to your pathetic Sarah Palin attack link, which was in poor taste, required zero research, and less relevant than BO's bow/denial. The fact that you responded to GB's callout with such venom says a lot.
2. I always hated the fact the the Bushes and their clan are so tight with the Saudis. Unlike you, I am not a hyperpartisan automaton, incapable of criticism of those toward my side of the political spectrum. My post wasn't about Bush. It was about Obama and his administration's denial of the obvious. He should be honest with the people rather than following the Clintonian playbook. Of course, I never would expect you to admit that a simple admission of a misstep would have been a better response from BO.
3. I love how I can poke you in your leftist cage and you come out smearing anything on the right. The condescending tone is a nice touch, too. Especially when you don't even address the issue. I'm surprised you haven't tried to get a job on one of BO's hit squads.
Keep posting Hoss. Don't let the crypto-objectivist/libertarians dominate the right wing discussion on KP.
BTW, can some of the KP vets post on the Gates Budget? Voodoo, I'm looking at you.
Oh noes the wingnuts are very, very upset! Why? This street negro, Barack Obama, allegedly kowtowed to the Saudi King while meeting said Saudi King at the G-20. (The White House says, "Uhh, Obama is a lot taller than that old dwarf, so he bent down to look at him.") It is shameful for an American president to politely bow one's head while being presented to a Saudi Prince/King. You are supposed to smooch him up and hold his hand and walk him around your ranch and then give him a loving blowjob, like George W. Bush Junior always did! Let's remember the good times, together.
See, black people nod politely to the Royal Head of State Monarch, while white people romantically caress the fat old dude's hand — foreplay, it is called — and then robustly lick his ass for a few hours.
And then you just get in close with that Grecian-formula goatee and jam that tongue in there, old school:
Thanks, Wingnuts! Without you people, American might've forgotten the proper way for an American president to deal with the Arab Monach: just cold suck on his peter.
Friday, April 10, 2009
What a disgrace. What is even more disgraceful is the response of the administration - total denial. I would have a lot more respect for the adminstration if Obama would simply acknowledge his error. Next we'll probably hear that it is Bush and Cheney's fault.
Maybe next time he'll drop completely to his knees.
Obama's a bitch. Only Jimmy Carter projected more weakness as President.