Replies to post #665068 on Zeev's Turnips Patch-No Politics (ZEEV)

[fabian]

Re Millionaires and Billionairs that want tax cuts to expire so they and their rich friends have to pay higher taxes:

So sorry,
It's not going to happen. They are going to be sorely disappointed...crying all the way to the bank.

Tax cuts stay for all. We're not saying it's right or wrong, it's the reality for a good piece of time.
And unemployed get to be part of a new "permanently out of work but getting money from the Gov't" class.
What's called extension after extension and money for free used to be called,
Welfare.
Can we afford it along with keeping lower tax rates for all?
As long as others keep loaning us money at low rates we can.
There really is no problem... until there is a problem. [and there will be an excedrin headache in our future]
Doesn't matter what anyone thinks of it.
Going to happen.
Just relax and step on the opportunity bus. Knit and get rich.
Let others worry and fret at that which they can not change.
Order one of those female drinks with the little Chinese umbrellas in it and look at cows grazing peacfully as the bus glides by.
They are very content at what they can not change.
So are Bonobos but Bonobos have a lot more fun.
ta ta,
F."the voice of reason in a sea of silliness"] F. Fabian Esq.

[brightness]

There is nothing preventing him from sending an extra 10% of his income to the Treasury Department. There is nothing preventing him setting up a fund at the local grocery store to subsidize organic food so that people can buy organic food at the same price at non-organic food there (and cut out the round trip to D.C for taxation and subsidy/regulation).

I suppose he'd rather keep his money for buying your house at foreclosure auction when the tax burden kills your family finance and the economy in general.

Industrial strategy like China? Was he also a fan of "industrial strategy like Japan" two decades ago? or was that his dad the 6th generation guy because he (the 7th generation guy) was too young and too doped in drugs and sex in school to remember?

Anti-taxation is not just about keeping one's own money, but the prevention of concentration of wealth. Even the top 1% income in the US population consists of 3,000,000 people. That's a heck lot more people than the 1000 members or so of the federal legislative, executive, and judicial branches, their 10,000 assistants, and 100,000 lobbyists milling around. It's heck lot better to have 3,000,000 potential employers to compete for (the fruit of) your labor than for 100,000 or so people to tell you want to do. The 200k/250k line would ensnare about 15,000,000 people . . . why would forcing their cut-back in order to give the top 100,000 more resources to waste help the economy at all?

The whole deficit vs. taxation debate is non-sense. The real issue is the gun-enforced monopoly on resource allocation (government spending) vs. competitive consumer choice (the relatively free market place). Deficit spending and taxation accomplish the same result: taking up a bigger slice of the economy with gun-run monopoly, at the expense of individual choice by consumers.