A Nod To The Gods

History smistory….they all know better.

This level of taxation is unsustainable as the country has reached the point where there are more people riding in the wagon than pulling it. Unscrupulous politicians stir up class hatred and feed on people’s envy as a solution, but taxing the so called ‘rich’ is only viable until the last ‘rich’ man has had his pips squeaked. The threshold for being classed as ‘rich’ will be set so low that anyone earning above the minimum wage will find themselves in the 40% bracket.
(Taxing low paid workers story here)

The truth is that the British government doesn’t have a revenue problem but a spending one. The political class steadfastly refuse to live within their means as this will require spending cuts to their various client groups with a potential loss of votes.

A bigger worry for the political class is that cutting taxes will lead to a prosperous majority and this is a transfer of power from them to the people, they will become less relevant and the people will control the agenda as opposed to the politicians.

Politicians will continue to ignore the rules of fiscal arithmetic that the rest of us have to live by and continue to spend more than they earn in revenue in order to extend dependency.

Prosperity for the majority puts the fear of God into the political class and their armies of bureaucrats. Dependency on government is the life blood of the modern politician, it gives them a hold over the people and political power for as long as they can get away with it.

Listen to the Beatles sing Taxman here, turn up, the volume and sing along out loud. keep reading

One would think that there are enough problems in this country that Jesse Jackson could really try and help out the less fortunate. But as usual Jackson runs to his soap box with one thought and that is white people are racist, and he is going to point that out.
Jackson stays relevant in the world by race baiting and maybe he is a tad jealous of his race baiting butt buddie Al Sharpton and his MSNBC gig. Jackson may want his own cable TV show to defend the poor blacks who apparently are not smart enough to stand up for themselves.…according to him. And remember, these two have access to Barack Obama who thinks these con men are just swell.

“This is the next step in the civil rights movement” declares Jesse Jackson, black chauvinist, socialist agitator and scam artist. Jackson has now set his sights on the tech industry, which he says isn’t “diverse” enough.

I have a simple solution. Jackson should form his own high-tech company, and staff it with all these minorities he says are being excluded from good jobs in the currently-existing tech companies. It could be called “Rainbow Tech” or something, and could really show the industry what’s been missing.

Of course, that’s not Jackson’s strategy. The famed “civil rights leader” wants the government to force companies to do what he says. keep reading

It’s a numbers game that has nothing to do with fixing the economy, just more taxpayer money to spend.

When you point out that the current federal debt is $17.6 Trillion and climbing, far left democrat extremists are quick to point out that the deficit is down.

Which is true, but note that they don’t point out the deficit reduction is from a peak during Obama’s reign, but up from the time he took office.

Let’s look at the actual numbers.

The current federal deficit is $572.1 billion, with a federal tax revenue of $2.9 trillion. So Barry’s handling of the federal government is to spend over a half trillion dollars than he is taking in, even with the federal tax revenue at record high levels.

So what is that $572.1 trillion dollar deficit down from?

Let’s look at the federal deficit in 2012, after several years of Barry’s firm fiscal hand. it was at $1.1 Trillion. The  federal tax income was $2.4 trillion. Do the math here kids. Our Dear Leader hasn’t reduced spending, he has jacked taxes through the roof.  The deficit is down about $400 billion, and increase in federal tax income is up $500 million.  So he has also increased federal spending instead of paying down the $17.6 trillion federal debt.

Let’s go back to 2008, near the end of two terms of President George W. Bush. The federal deficit was $408.1 Billion with a federal tax income of $2.5 trillion. Note that the deficit was in fact lower than it is currently, and that is with $400 billion less in federal tax revenue.

So when a democrat claims that the deficit is down, that person is is in fact, deliberately lying by omission. The federal deficit under Obama has gone up, despite squeezing nearly a additional half a trillion dollars out of the pockets of tax paying US citizens in an economy that can be politely described as “stagnant” at best.