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Showing posts with label nationalization. Show all posts
Showing posts with label nationalization. Show all posts

Wednesday, April 21, 2010

Taking Ownership from Pirvate Hands is Nonconsensual

The O-bumites and their moral, intellectual, and ideological soul mates the Congressional Theftocrats are continuing their efforts to nationalize (steal) the financial sector of the US economy.  One of the surest ways to accelerate the dismantling of America is to keep businesses from making profits.  To insure this, they are putting in charge of the private business sector the same people who gave us snail mail, Thalidomide, and duck-and-cover protection from thermonuclear holocaust.

Once again, listen!  Taking money from the federal government is the equivalent of taking a loan from Tony Soprano: the reason for the loan is to steal the collateral for that loan.

Federal hooligans propped up Government Motors and Chrysler and then immediately stole ownership of the companies and gave it to their lapdog constituents at the UAW.  This may bring unintended consequences as the very people who are paid much more than the prevailing wage are charged with lowering labor costs.  The Porkulius scam created no new jobs; instead, it merely subsidized entrenched government bureaucrats who, rather than holding jobs, are overhead borne on the backs of taxpayers.

The same hoods who subsidized health care through Medicare and Medicaid used that as their launching pad to steal the entire health care industry.  Whether it is communication, transportation, education, or any other enterprise, when the fed-hoods get involved, they take over the show.  They use can't-be-fired bureaucrats, government unions, nationalization, or oppressive regulation and confiscatory taxation to steal what they want, namely, other people's resources.

Now is the time; come to the aid of your country.  Put and end to the mommy staters' plans for cradle-to-grave socialism.  As Barry Goldwater observed, "extremism in the defense of liberty is no vice...moderation in the pursuit of justice is no virtue."  Liberty is the absence of government interference in the lives of individuals.

May your gods be with you.

Monday, April 19, 2010

The hoods are at it again.  O-buma and the Congressional Theftocrats are continuing to rape, pillage, and plunder the nation.  First, they stole one sixth of the nation's GDP by nationalizing the health care industry because those businesses committed the egregious crime of making a 3.4% profit.  Now they are using the contrived excuse that the financial mess they caused with the Communist Redistribution Act--this is a primary cause of the recent economic meltdown--justifies stealing the nation's financial sector of the US economy.

Speaking of stealing, if the Theftocrats want to institute a national sales tax (VAT) why not repeal the sixteenth amendment to the Constitution and eliminate federal income taxes?  Opponents of the VAT claim that it places a greater burden on people who have lower incomes.  Does the formula that justifies that argument take into account these forms of revenue and tax benefits?
  • cost free housing and utilities
  • cost free food
  • welfare healthcare
  • no federal income tax
  • (un)earned income tax credit federal welfare check
A cost free four bedroom apartment including utilities can be worth thirty to forty thousand dollars a year.  Free food benefits from SNAP for a single parent and four TANF recipients is about $9500 per year.  The costs to taxpayers for welfare healthcare are virtually unlimited.  Federal income tax rates for the highest levels are about 40%; add another 15% combined taxes for social security and the benefits of riding in the federal wagon are clear.  With an additional $5500 from the unearned income tax credit program, a single parent with four TANF recipients can receive over $50,000 of unearned and untaxed revenue, goods and services, and in kind contributions that someone else produced.

To make the claim that sales taxes are regressive is to ignore significant amounts of untaxed revenue.  The argument is dissembling based upon specious reasoning.

May your gods be with you.