What is Fareed suggesting here?

Raise My Taxes Mr. President.

The idea that the average American is overtaxed is a nice piece of populist pandering. In fact, federal taxes as a percentage of the economy are at their lowest level since the presidency of Harry Truman. Chuck Marr and Gillian Brunet of the Center on Budget and Policy Priorities have calculated that a family of four at the exact middle of the income spectrum will pay only 4.6 percent of its income in taxes. Remember, almost half of the country pays no income taxes at all. The top 3 percent of Americans contribute almost 50 percent of federal income taxes.

I’m really shocked. I thought this duude was a liberal. It appears he believes we should spread the tax burden around to include more of the population! Well Done!

Oh. Wait.

I don’t like our current tax system. It’s unwieldy, taxes the wrong things (income instead of consumption), and is filled with loopholes that are legalized corruption. But we are not going to create the perfect tax code today. We have in front of us a simple, easy way to bring America’s fiscal house in order, reduce our dependence on foreign borrowing, restore U.S. credibility and power, and give us a stable revenue base from which to make key investments for future growth. All we need is for Congress to do what it does so well—nothing.

He isn’t suggesting anything of the sort. He just wants the Bush tax cuts to expire. It’s just amazing. Allowing them to expire is going to:
1) Bring America’s fiscal house in order
2) Reduce our dependence on foreign borrowing
3) Restore U.S. Credibility and power
5) Give us a stable revenue base.

Really? Really? I’ve heard how the tax cuts “costs” our government money.

How fucking backward is that? Tax cuts don’t fucking cost the government. You’ve got no RIGHT to our money, you bloodsucking bastards.

That money you just sent to the Federal government a few months back? Obama spent that on Kobe beef.

Fuck that.

(Hat tip/ Treacher

Advertisements
Explore posts in the same categories: Uncategorized

7 Comments on “What is Fareed suggesting here?”

  1. wiserbud Says:

    He’s just sucking up to the new owner.

    Either that, or he is completely and totally out of his mind.

  2. agiledog Says:

    that a family of four at the exact middle of the income spectrum will pay only 4.6 percent of its income in taxes. Remember, almost half of the country pays no income taxes at all. The top 3 percent of Americans contribute almost 50 percent of federal income taxes

    And how can anybody consider any of that “fair”? As your income goes up, the amount of taxes will go up – that is what a percentage implies. But to have the percentage change as the income changes is downright theft!

    I would love to see us move from a scaled income tax to a flat consumption (sales) tax.

  3. Car in Says:

    Honestly, I think he was floating that as a red herring. He got carried away with the we don’t pay enough taxes argument, and lost his train of thought.

    Remember what direction he was going – allowing the Bush tax cuts to expire.

    No, he’s all about taxing the “rich” and the middle class.


  4. And the idea that cutting spending is a method of putting our financial house in order, reducing dependence on borrowing, restoring our credibility and power, and stabilizing our revenue base never once occurred to this fuckwit.

    Its a nasty circle: The libs think they are entitled to other peopole’s income to fund their dependence creating enslavments, and the modern-day plantation dwellers think they are entitled to all their slavemasters can steal from others on their behalf.

  5. agiledog Says:

    I’m gonna get me some Obama money!

  6. TGSG Says:

    Better spent on peanut butter cups. >nodding<

  7. geoff Says:

    The article prompted me to go check out the Center on Budget and Policy Priorities. They’re pinheads. Their argument that higher taxes won’t tank the economy is taken from the experiences of the 90’s, when higher taxes didn’t stop the economy from roaring along. Of course, the fact that the 90’s were completely atypical, and that they created a bubble that hosed us in the 00’s, doesn’t factor into their analysis.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: