Skip to main content

Largest Tax Increase in American History

7 replies [Last post]
Pagan
Pagan's picture
Offline
RtH Site Admin
Joined: Aug 22 2008
Posts:
Largest Tax Increase in American History

More tax oppression
And it's unnecessary for revenue-raising
By Richard W. Rahn - Washington Times | Jul 02, 09

OpressionWhy did a bare majority (219-212) of the members of the U.S. Congress vote for the largest tax increase in American history this past Friday, under the claim it was a vote to save the climate?

Before you answer the question, consider the following facts. The proponents claim this tax bill will reduce U.S. carbon dioxide emissions, which are purported to cause global warming. First, despite the claims of President Obama, House Speaker Nancy Pelosi and many in the media, there is no consensus in the scientific community about how much climate change, other than the normal cycles, is taking place, nor how severe it will be, and how much man-made CO2 is responsible. None of the climate models predicted the unexpected global cooling of the last decade.

It is known that the legislation will have a negligible effect on global CO2 emissions, particularly since the big polluters, such as China and India, are not playing ball. It is also known that the "cap and trade" system that the legislation calls for has been a failure in Europe, where it has been in operation for the last few years, in that it has proven to be far more costly than envisioned, has not met the CO2 reduction targets, and has been highly susceptible to corruption and abuse.

In addition, because the legislation requires Americans to use more inefficient energy (wind and solar) sources, it cannot help but raise costs for American businesses and citizens, and hence will kill jobs rather than create them (as contrasted to what Mr. Obama and Mrs. Pelosi have incorrectly claimed).

In sum, serious people understand the legislation will hurt the U.S. economy, reduce the standard of living and yet not accomplish its claimed intent; therefore, why were so many members of Congress willing to vote for it?

Are they idiots, or do they have another agenda? Yes, a few are not that bright, but many more see this as an opportunity to extract wealth from one group of Americans, give it to other groups of Americans they favor, and to their political cronies who will reward them in campaign contributions and in other ways — both seen and unseen. They are willing to engage in more tax oppression in exchange for more political power to themselves.

The tendency for political leaders — even those fairly elected — to look out more for their own personal interests rather than the greater good is not confined to America. The Organization for Cooperation and Development (OECD), whose 30 members are the major industrialized democratic countries, was formed half a century ago to promote policies to increase economic growth and free trade.

Unfortunately, political leaders in high-tax states (notably France and Germany) have captured part of the OECD and are using it as an instrument — by creating "black" and "gray" lists — to squash tax competition from low-tax-rate countries and financial freedom and privacy (which are important for global economic growth).

A European economic policy organization, Institut Constant de Rebecque, has just published an important study, "Tax burden and individual rights in the OECD: an international comparison." As part of the study, the author, Pierre Bessard, created a Tax Oppression Index by using OECD and World Bank data to measure the overall tax burden, public governance, and taxpayer rights. Italy and Turkey were judged to have the most tax oppression, while Austria, Luxembourg and Switzerland were judged to have the least oppressive tax systems. A sample of the major countries in the index can be seen in the accompanying table.

Those who advocate bigger governments and more repressive tax systems claim that the additional tax revenue is needed to promote the common good. In 2007, the government spending in Switzerland was equal to 35.7 percent of GDP (very close to the government share of GDP in the United States of 37.4 percent) while the Italians had a government sector equal to 48.5 percent of GDP.

The Italians and the Swiss share a long peaceful border, but Italy is far richer in natural resources and access to the sea than land locked Switzerland. Yet the Swiss are far more prosperous and do a much better job in delivering government services than do the Italians (or French with 52.4 percent of government spending) while, at the same time, engage in far less tax repression. The Austrian government spends 48.2 of its GDP, which is almost equal the size of the Italian government spending, but manages to raise the necessary tax money in a far less oppressive way.

The United States is in about the middle of the pack, but could have a lower score if it improved its public governance by reducing the corruption and inefficiency in Washington, and did a much better job in protecting taxpayer rights. (The U.S. Constitution explicitly gives citizens the presumption of innocence, but the Internal Revenue Service chooses to ignore the Constitution in this and many other matters.)

The world would be richer and more just if the low-tax-rate countries that protect taxpayer rights and privacy could penalize the states that engage in high levels of tax oppression, rather than vice versa, which is now the case.

The empirical evidence from the new Institute Constant study clearly shows (as have many other studies) that it is not necessary to have high tax rates or deny taxpayers basic rights and financial privacy for the government to obtain all of the revenue it legitimately needs. But as the vote on the "climate" (tax) bill in the Congress clearly showed last week, for all too many politicians, tax policy is not about revenue but political power and control.

And Obama says he's suprised that there was another 1/2 Million jobs lost last month, get a fucking clue Idiot  Jerk Off

We're fucked people, that's all there is to it.  That is unless the American public get's off their collective ass's and throw every single one of these clueless fucks out of office.

Stop Drinking the Koolaid

__________________

The Prince does not dismiss morality, instead, it politically defines “Morality"
-- Niccolò Machiavelli

Fremen
Fremen's picture
Offline
Thought Criminal
RtH Blogger - Click here for RtH Thought Criminals
Joined: Feb 5 2009
Posts:
Re: Largest Tax Increase in American History

Hear hear on the sentiment, Pagan  BUT WTF WITH THE SOURCE, DUDE?! Rolling on the floor laughing Rolling on the floor laughing Rolling on the floor laughing

Oh, I see, it's not the Post.  Ok, sorry...

__________________

The end of the human race will be that it will eventually die of civilisation
-Ralph Waldo Emerson

Pagan
Pagan's picture
Offline
RtH Site Admin
Joined: Aug 22 2008
Posts:
Re: Largest Tax Increase in American History

Fremen wrote:

Hear hear on the sentiment, Pagan  BUT WTF WITH THE SOURCE, DUDE?! Rolling on the floor laughing Rolling on the floor laughing Rolling on the floor laughing

Oh, I see, it's not the Post.  Ok, sorry...

If the facts check out I post it unless proven otherwise, unlike some on other sites I don't limit myself to single news sources  Eye-wink

Besides, the article is by Richard Rahn of the CATO institute.  I like CATO, CATO are dead on with a lot of their commentary/thesis's, I disagree with some of their positions, but agree most often than not.

__________________

The Prince does not dismiss morality, instead, it politically defines “Morality"
-- Niccolò Machiavelli

Mockingbird
Mockingbird's picture
Offline
Dissident
Joined: Jun 30 2009
Posts:
Re: Largest Tax Increase in American History

Even if every single person was booted out, and we started again from scratch do you think the tendency to fund every single project from the taxpayer coffers would just go away? Th country has dug its self in a finacial hole, o make matters worse it has lost touch with what is important. You can't always please the masses, at some point something will give. Interested to see what exactly it will be. Maybe we will have to send the kids back to work so we can keep on living like we have been.

Fremen
Fremen's picture
Offline
Thought Criminal
RtH Blogger - Click here for RtH Thought Criminals
Joined: Feb 5 2009
Posts:
Re: Largest Tax Increase in American History

Mockingbird wrote:

Even if every single person was booted out, and we started again from scratch do you think the tendency to fund every single project from the taxpayer coffers would just go away? Th country has dug its self in a finacial hole, o make matters worse it has lost touch with what is important. You can't always please the masses, at some point something will give. Interested to see what exactly it will be. Maybe we will have to send the kids back to work so we can keep on living like we have been.

Oh, yes, I do think....

Pagan and I are for term limits and the eradication of career politicians.  We want a stint in Congress to be like jury duty: A little boring, but meaningful and socially supportive.  A little focus on constituents rather than signing on to bills drafted in the boardrooms of corporations (many foreign.)  For a start. 

Yes, I do think that it starts with a message from the source of power in this nation: The People.  Throw them all out.  Leave none standing.  The good ones will understand the need for Citizen action greatly outweighs any so-called benevolent political agenda that some usurper believes is in the best interest of the People.  Every single one of us has a part to play in this and 55% of us are not, right?  100% of us are allowing ourselves to squirm around at the mercy of the few folks who wield the power inherent in our own personhood, supposedly protected by the Constitution.  

"Ah heck, ma'am, I don't really use that Constitution all that much anyway... I'm too busy taking the kids to Disneyland!  You go ahead and do what you want with it." 

Our country is big.  After a century of chasing the symptoms of our size and enormous wealth with band-aid after legislative bandaid, we have a bloated federal government and have no wealth to show for it except our rights.  We've been hocking those for what little security we are sold by the snake-oil peddlers that have put out a shingle in D.C.  Soon, when we have nothing left to hock, we will begin working in the huge Halliburton prisons, following China's example.  Prison: The employer of last resort.  Government won't be able to do it...  Indebted to the world, pathetic in every way imaginable, and it's all reversible right now.  Just takes a little perspective.  Everyone say it with me, "I am not a Consumer, I am a Citizen.  I want laws that protect my rights, not my access to goods and services."

__________________

The end of the human race will be that it will eventually die of civilisation
-Ralph Waldo Emerson

Boanerges
Boanerges's picture
Offline
Thought Criminal
RtH Blogger - Click here for RtH Thought Criminals
Joined: Sep 20 2008
Posts:
Re: Largest Tax Increase in American History

Anybody remember these words?

 

"If you make less than $250,000 your taxes will not increase 1 dime"

 

Anyone remember who said that?

__________________

"There is nothing more permanent than a "temporary" government program"
"If Congress can do whatever in their discretion can be done by money, and will promote the General Welfare, the Government is no longer a limited one, possessing enumerated powers, but an indefinite one...."
-- James Madison, letter to Edmund Pendleton, January 21, 1792

Fremen
Fremen's picture
Offline
Thought Criminal
RtH Blogger - Click here for RtH Thought Criminals
Joined: Feb 5 2009
Posts:
Re: Largest Tax Increase in American History

Oh! Oh!  MeMeMe!  

__________________

The end of the human race will be that it will eventually die of civilisation
-Ralph Waldo Emerson

Pagan
Pagan's picture
Offline
RtH Site Admin
Joined: Aug 22 2008
Posts:
Re: Largest Tax Increase in American History

Just heard that Biden was in an interview and said that they "under estimated" the recession, fucking clueless as always  Jerk Off

__________________

The Prince does not dismiss morality, instead, it politically defines “Morality"
-- Niccolò Machiavelli

Syndicate content