Updated (Originally posted in March 2014)
(Pic has relevant link in it)
The first set of videos show the main point for quick and easy consumption. The rest is the larger case made that by taking or taxing the rich excessively ends up hurting the poor just as excessively, even more. Other topics related:
- Minumum Wage
- Zero Sum Myth
- Gender Wage Gap
- Wealth Inequality in America ~ Critiques On Inequality
- Rich-Get-Poorer~and~Poor-Get-Richer (+More Mantras Destroyed)
- The Left Keeps talking about the Gap between CEOs and Minimum Wage Employees…. I will analyze these salaries and break it down…. (about 10-mins):
- Is America really broke? Michael Moore (and others) tells us that there are oceans of cash being hoarded by the wealthy. But Iowahawk (iowahawk.typepad.com // Twitter) did a little addition, and armed with these statistics Bill and the ‘Hawk blow a hole in the “hoarding” lie big enough to fit a documentary filmmaker through (about 9-mins):
- Do the rich pay their fair share of taxes? It’s not a simple question. First of all, what do you mean by rich? And how much is fair? What are the rich, whoever they are, paying now? Is there any tax rate that would be unfair? UCLA Professor of Economics, Lee Ohanian, has some fascinating and unexpected answers (about 5-mins):
A Case Study
Big corporations WANT a medical device tax because it thins out the herd (the competition). Why? Because the little guy cannot compete with the high costs and so the giants worry less about competition and thus large corporations who corner the market become the rule.
★★ ATTENTION ★★
USA TODAY notes the job losses in the medical Device Tax ACA implementation:
Denny’s is the latest to admit that this will make them raise costs, hurting those who depend on their services using allotted retirement funds for eating (the retired elderly), as well as those single mothers the Left profess to love… no work.
Lately, a lot of people who are in the restaurant business have said the same, here are a couple of short videos on the matter:
NY Applebee’s CEO Zane Tankel
A Papa John’s Pizza franchise owner
Rermember my old story about the Burbank Country Club and how liberal city councils feel good in passing legislation without second thought to those they hurt in the process — whom they profess to be helping. Here it is used in a reponse to a small paper near my town:
Here is the answer with a great example from a few years back, right down the road a bit from both John and I… it comes from an article I have saved from the June 26, 2002 Daily News, Editorial Section, entitled “Killing Jobs”:
Chasing Alternative Energy Companies OUT of California
Loss of jobs and customer dissatisfaction are the result of government interference. Here are more examples noted by Dennis Prager:
C.S. LEWIS hits the nail on the head when he said:
This story comes from the Orange County Register and documents yet another company leaving the sunshine state:
California is the micro of the growing Federal Government. Obama-Care is just another layer of the boot of government on the backs of business owners, who hire a lions share of people in the U.S. The reporter above says “the regulations are well-intended, but piled-on…” And do take note, we (as a body politik) add layers and layers of laws. Here is an old quote I often use:
- This is most evident in the fact that Americans today must obey thirty times as many laws as their great-grandfathers had to obey at the turn of the century. Federal agencies publish an average of over 200 pages of new rulings, regulations, and proposals in the Federal Register each business day. That growth of the federal statute book is one of the clearest measures of the increase of the government control of the citizenry… (adapted from: James Bovard, Lost Rights: The Destruction of American Liberty [St. Martins Griffen; 1994], p. 1.)
All these private people want, really, is for the boot to be lifted. But not for 4-more years. Sad. Which brings me to another quote that explains the egalitarian thinking behind legislation based on feelings:
And of course, the SNOOKY TAX example:
Take note that the persons opposed to tanning altogether are the ones who got this 10% tax added. They know that even a 10% tax (just like all the taxes added to smoking) dissuades someone from that action. Similarly, all the taxes coming down the pike will do what exactly to consumers wanting to go out and spend??
McCain and Jersey Shore team up. Why would a President who is concerned about jobs and people (supposedly) put a 10% on small business owners that would do nothing but hinder job growth. Many of his policies hinder this.