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In United States
Registered Sep 30, 2008
klarek's most recent comments:
- On 12 May 2012
IRS tax return data by zip codes,
Right now all people see is HEY HOW DID HE PAY ONLY 15% OVERALL TAXES! OMG OMG OMG OMG?
Well, there's lots of reasons. The tax code is incredibly complex....
That is exactly the problem, and "complex" is an understatement. This is a game and a complete clusterf*ck. Efficient tax systems are supposed to minimize the number of factors, such as using a person's income, their consumption of market goods, or passage/participation (bridges, markets, tolls, etc). Our political climate seek to maximize the number of factors of the tax code. They tack on every single loophole imaginable: Deductions, credits, exemptions, deferred write-offs.... these all are insidious financial caveats, subsidies, corporate/lobbyist financial game-rigging, and social engineering.
It is an enormous wast of money and resources. The cost of non-discretionary expenditures exceeded $1t in 2011, more than any other discretionary spending we, even more than defense spending. It's nearly double (in real dollars) what it cost 30 years ago. That's just for individual filers, corporation taxation loopholes are another horrible beast which needs to be slayed. Our govt revenue authority is giving back one dollar for every two dollars it takes in. It sort of defies the whole purpose of having a tax collection department, doesn't it? Treasury Dept acts is like a Blackjack dealer than a revenue management agency.
I can't think of any good reason not to get rid of every single provision in the tax code and lower the tax rates. None. We could lower taxes below the rate for capital gains. Effective rates = actual rates, no more b.s. about the rich dodging the system, etc. Plus, a lot of that loophole outflow money goes to wealthy foreigners and unpatriotic Americans who cheat the system, live abroad or have an army of lawyers/accounts covering them, and are not accountable. We could close an enormous gap in our deficit just by cutting off that outflow, and it wouldn't impact legit investments or the economy. And as for the hundreds of thousands of govt/attorney/accountant jobs serving this system, they can apply their math skills in many better places and industries; no reason to preserve the status quo for their convenience IMO.
- On 26 Jan 2012
A few good men. Senators who voted against NDAA (or abstained),
Ron Paul does not ever in any way question the right of the 1% to take more and more from the 99% via non-productive ownership of everything, forever.
Because he has principles, or that history show what happens when you give unconstitutional power to agencies and make them arbiters of financial and personal rights. Not too hard to see where he's coming from right there.
Are you really disappointed that someone like Paul wouldn't drop his principles because of on moral outrage over Wall St. pick-pockets, that he won't jump on the "solutions-now" bandwagon of righteousness? Think about it for a second, and be more cynical:
Who has the MOST progressive income tax system on the planet?
Who has the HIGHEST economic inequality among 1st world countries?
Whose paws are all over our tax provisions and regulations?
Who dodges our regulations, and uses them as barriers of entry to eliminate the competition?
Who would influence your utopian wealth-management agency that determines which companies/jobs are 1%-ers and remove them from existence?
You know the scam that realtors run and the influence they wield. It's no coincidence that govt efforts to "help people" in the housing market has created a reason and opportunity for these NAR scumbags to bend the rules in their favor.
- On 5 Jan 2012
Obama Is Planning A Trillion Dollar Bailout Of Real Estate,
Should this surprise anybody? He's been borrowing money to buy votes since he got into office. Listen to the exchanges he has at his town halls with people (plants?) asking for student loan forgiveness and high-paying jobs that don't exist. Can you say p-o-p-u-l-i-s-m?
It happens in every third-world shithole run by a two-bit dictator (no I am not saying Obama is a dictator). The people are usually very poor and ignorant, and have no conception about how govt can serve them beyond the primitive instincts to rape, pillage, and "redistribute" from other people. Folks throw support behind a panderer who can at least partially-deliver, but are always discarded afterward.
God forbid anyone didn't gamble in the housing market, milk the overinflated house values, and spend fecklessly to help the economy look better. They are the Old America and must be punished for their lack of over-consumption.
I don't think this would play out in Obama's favor. We're still a wealthy nation with a high standard of living and a decently-educated populace. Selfish and unprincipled, but relatively fat and happy. Plus, you're talking about giving a trillion dollars a minority of dumbass homeowners. Who would NOT be outraged by that?
This country was bought and sold a long time ago. Obama's just the latest peddler to pick the bones while delivering a "fuck you" to those who live responsibly. After the last ten years, nothing surprises me other than the public's continual acquiescence.
P.S. Don't believe anything Larry Kudlow says.