Intermarkets' Privacy Policy Support
Donate to Ace of Spades HQ! Contact
Ace:aceofspadeshq at gee mail.com Buck: buck.throckmorton at protonmail.com CBD: cbd at cutjibnewsletter.com joe mannix: mannix2024 at proton.me MisHum: petmorons at gee mail.com J.J. Sefton: sefton at cutjibnewsletter.com Recent Entries
Mid-Morning Art Thread
The Morning Report — 7/ 2 /25 Daily Tech News 2 July 2025 Tuesday Overnight Open Thread - July 1, 2025 [scampydog] Big Cats Cafe Quick Hits The Fake Republicans in the Senate Screwed Us and the Fake Republicans in the House Are Complaining They Didn't Screw Us Enough Kristi Noem: We Are Investigating CNN for Promoting an App That Allows Radicals and Criminals to Track Indivdual ICE Agents' Movements Poll: Thomas Massie Would Lose to a Republican Challenger? Trump Tours "Alligator Alcatraz;" Agrees to Let DeSantis Deputize National Guardsmen as Immigration Judges to Speed Up Deportations Absent Friends
Jay Guevara 2025
Jim Sunk New Dawn 2025 Jewells45 2025 Bandersnatch 2024 GnuBreed 2024 Captain Hate 2023 moon_over_vermont 2023 westminsterdogshow 2023 Ann Wilson(Empire1) 2022 Dave In Texas 2022 Jesse in D.C. 2022 OregonMuse 2022 redc1c4 2021 Tami 2021 Chavez the Hugo 2020 Ibguy 2020 Rickl 2019 Joffen 2014 AoSHQ Writers Group
A site for members of the Horde to post their stories seeking beta readers, editing help, brainstorming, and story ideas. Also to share links to potential publishing outlets, writing help sites, and videos posting tips to get published.
Contact OrangeEnt for info:
maildrop62 at proton dot me Cutting The Cord And Email Security
Moron Meet-Ups
|
« Ken Burns’ “The Vowels” |
Main
| Paul Krugman: Hey, I've Got a Great Idea! Let's Raise Taxes on the Middle Class! »
April 11, 2011
Obama: Hey, I've Got A New Idea. Let's Raise Taxes on the Rich!Obama's new plan, same as the plan for the last 50 years. There's a problem with this plan. The problem is, "And then what?" I'm not talking about the almost-certain retardation of the economy due to a higher taxes. I mean "And then what?" because raising taxes on the rich produces a nearly trivial "windfall" in revenue. It's not nearly enough. So -- "And what next?" The obvious answer is "We tax the middle class at significantly higher rates," because that's the only way to really up the government's allowance. Only the middle class has the combination of money plus huge numbers of taxpayers in this class to really raise revenue. Obviously revenue from raising taxes on any particular class is determined by: X (the amount of $ you expect to get from each taxpayer on average) * There are a fair number of poor, but they don't have enough money to really tax the crap out of them. The rich have the opposite problem -- X is high for them, but Y is pretty low. Only the middle class has that wonderful combination of solid X and huge Y. So, Mr. President -- "And what next?" The increased taxes on the rich will not more than scratch the surface of the problem. And what next? The Democrats know this is the only possible way to support the leviathan welfare state they want. But they will not be straight with the middle class taxpayers that they expect, at the moment of general economic collapse, to fund it. They continue telling the middle class that if we just goose the tax rates on the rich by 5% or 10% the we're on Easy Street. And the middle class, unfortunately, largely believes them, because they don't understand the true size of the problem, nor the relatively few number of people qualifying as "rich." Ed Morrissey notes that the Wall Street Journal points this out, but in a very soft way: Eliminating the Bush tax cuts for the highest earners, however, will only put a small dent in the projected deficit. When the media believes the public is "misinformed" on a key issue in such a way that hurts Democrats, they keep trying to "educate" the public out of its misunderstanding. They really, really wanted you to know that (in the opinion of most intelligence analysts who were wrong Iraq having WMD and Iran not working on WMD) Iraq had no connection to 9/11 or the anthrax attack. But here, they seem to be quite comfortable with letting the public believe that the only thing we're really arguing about is whether we should raise taxes by 5% or 10% on a politically small and relatively unpopular group. Not so. And then what? Republicans need to hammer this relentlessly and come armed with numbers. The choice is not between reforming and reducing spending and keeping tax rates on the rich at their current level. The choice is between bankruptcy and ruin, or raising taxes significantly, seriously on the middle class, or reforming and reducing spending. "Raising taxes on the rich" is a "false choice," as our false choicer in chief would say, or better yet, a "distraction." The media will not tell the public this, of course. Republicans have to, and insistently, and constantly. | Recent Comments
18-1:
"[i]If the federal, state and local tax burden wasn ..."
Justice Jackson Brown: "402 Which gender has beards? Posted by: Boss Moss ..." Huck Follywood: "I'd like to see a bill pass requiring the governme ..." WitchDoktor: "As an aside, I've read all of the "true" Cussler b ..." stu-mick-o-sucks: "sock off ..." I used to have a different nic[/s][/b][/i][/u]: "[i]If I were in Thomas Massie's position and my #1 ..." pudinhead: "It was so far removed from the book that Cussler s ..." DoublySymmetric: "It's a budget for the full year under normal recon ..." Tom Servo: "Best part of the DU posts is how absolutely defeat ..." Its Go Time Donald: "What does math say is the default point? Posted b ..." 18-1: "The US is in an interesting place in regards to at ..." Kanye West: "399 > Only ONE group of mother fuckers I can think ..." Recent Entries
Mid-Morning Art Thread
The Morning Report — 7/ 2 /25 Daily Tech News 2 July 2025 Tuesday Overnight Open Thread - July 1, 2025 [scampydog] Big Cats Cafe Quick Hits The Fake Republicans in the Senate Screwed Us and the Fake Republicans in the House Are Complaining They Didn't Screw Us Enough Kristi Noem: We Are Investigating CNN for Promoting an App That Allows Radicals and Criminals to Track Indivdual ICE Agents' Movements Poll: Thomas Massie Would Lose to a Republican Challenger? Trump Tours "Alligator Alcatraz;" Agrees to Let DeSantis Deputize National Guardsmen as Immigration Judges to Speed Up Deportations Search
Polls! Polls! Polls!
Frequently Asked Questions
The (Almost) Complete Paul Anka Integrity Kick
Primary Document: The Audio
Paul Anka Haiku Contest Announcement Integrity SAT's: Entrance Exam for Paul Anka's Band AllahPundit's Paul Anka 45's Collection AnkaPundit: Paul Anka Takes Over the Site for a Weekend (Continues through to Monday's postings) George Bush Slices Don Rumsfeld Like an F*ckin' Hammer Top Top Tens
Democratic Forays into Erotica New Shows On Gore's DNC/MTV Network Nicknames for Potatoes, By People Who Really Hate Potatoes Star Wars Euphemisms for Self-Abuse Signs You're at an Iraqi "Wedding Party" Signs Your Clown Has Gone Bad Signs That You, Geroge Michael, Should Probably Just Give It Up Signs of Hip-Hop Influence on John Kerry NYT Headlines Spinning Bush's Jobs Boom Things People Are More Likely to Say Than "Did You Hear What Al Franken Said Yesterday?" Signs that Paul Krugman Has Lost His Frickin' Mind All-Time Best NBA Players, According to Senator Robert Byrd Other Bad Things About the Jews, According to the Koran Signs That David Letterman Just Doesn't Care Anymore Examples of Bob Kerrey's Insufferable Racial Jackassery Signs Andy Rooney Is Going Senile Other Judgments Dick Clarke Made About Condi Rice Based on Her Appearance Collective Names for Groups of People John Kerry's Other Vietnam Super-Pets Cool Things About the XM8 Assault Rifle Media-Approved Facts About the Democrat Spy Changes to Make Christianity More "Inclusive" Secret John Kerry Senatorial Accomplishments John Edwards Campaign Excuses John Kerry Pick-Up Lines Changes Liberal Senator George Michell Will Make at Disney Torments in Dog-Hell Greatest Hitjobs
The Ace of Spades HQ Sex-for-Money Skankathon A D&D Guide to the Democratic Candidates Margaret Cho: Just Not Funny More Margaret Cho Abuse Margaret Cho: Still Not Funny Iraqi Prisoner Claims He Was Raped... By Woman Wonkette Announces "Morning Zoo" Format John Kerry's "Plan" Causes Surrender of Moqtada al-Sadr's Militia World Muslim Leaders Apologize for Nick Berg's Beheading Michael Moore Goes on Lunchtime Manhattan Death-Spree Milestone: Oliver Willis Posts 400th "Fake News Article" Referencing Britney Spears Liberal Economists Rue a "New Decade of Greed" Artificial Insouciance: Maureen Dowd's Word Processor Revolts Against Her Numbing Imbecility Intelligence Officials Eye Blogs for Tips They Done Found Us Out, Cletus: Intrepid Internet Detective Figures Out Our Master Plan Shock: Josh Marshall Almost Mentions Sarin Discovery in Iraq Leather-Clad Biker Freaks Terrorize Australian Town When Clinton Was President, Torture Was Cool What Wonkette Means When She Explains What Tina Brown Means Wonkette's Stand-Up Act Wankette HQ Gay-Rumors Du Jour Here's What's Bugging Me: Goose and Slider My Own Micah Wright Style Confession of Dishonesty Outraged "Conservatives" React to the FMA An On-Line Impression of Dennis Miller Having Sex with a Kodiak Bear The Story the Rightwing Media Refuses to Report! Our Lunch with David "Glengarry Glen Ross" Mamet The House of Love: Paul Krugman A Michael Moore Mystery (TM) The Dowd-O-Matic! Liberal Consistency and Other Myths Kepler's Laws of Liberal Media Bias John Kerry-- The Splunge! Candidate "Divisive" Politics & "Attacks on Patriotism" (very long) The Donkey ("The Raven" parody) |