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January 04, 2013

First Paycheck Of The Year: Schadenfreude Is A Poor Substitute For Cash

The government consists of a gang of men exactly like you and me. They have, taking one with another, no special talent for the business of government; they have only a talent for getting and holding office. Their principal device to that end is to search out groups who pant and pine for something they can't get and to promise to give it to them. Nine times out of ten that promise is worth nothing. The tenth time is made good by looting A to satisfy B. In other words, government is a broker in pillage, and every election is sort of an advance auction sale of stolen goods. ~ H.L. Mencken*

As a CPA and member of the eevillll group of millionaires and billionaires with an annual family income over $450,000, I wasn't surprised at all when the direct deposit hit this morning. But for the low-information voter crowd, well ...

Happy New Year and happy payday! Thank goodness our “lord and savior” Obama signed the fiscal cliff bill into law after proudly proclaiming, “Under this law, more than 98 percent of Americans and 97 percent of small businesses will not see their income taxes go up.”

Promises, promises.

While PolitiFact will likely rate Obama’s statement “Mostly Swoon,” around 70 percent of Americans are going to pay more taxes in 2013. If you like your payroll taxes (and even if you don’t), you can keep them and pay two percent more than you did in 2012.

...

That's a nice collection of tweets the Twitchy folks pulled together. They of course referenced the awesome DU post in the sidebar, too. That one needs to be bronzed.

What happened that my SS withholdings in my paycheck just went up.

What. Happened?

You reelected a lying SCOAMF. That's what happened.

Now don't get me wrong, this tax increase sucks. I'd much rather have more money to spend on exotic vacations, foreign sportscars, yachts, precious jewels, private aircraft, small islands and other things we millionaires and billionaires making over $450,000 a year and living in one of the highest cost-of-living areas in the country waste our massive stacks of excess cash on. But the fact that we have to send that money to the government now instead hurts the folks that work in those industries a lot worse than it hurts us.

Drew M.'s been saying something for a while that can't be repeated enough (paraphrasing): shielding people from the consequences of voting for "free stuff" is a losing battle.

So welcome to your tax increase, Obama voters. Elections have consequences.

* Quote via today's Transom.


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posted by Andy at 10:50 AM

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