Bill, this is so spot on: "But at scale, ‘democracy’ becomes a fraud." I do think many Deplorables are finally realizing the Uniparty is not going to lead them to the promised land. They need to evolve into true Irredeemables. Secession is the only viable way forward. If Democracy is your goal, it will stand a much better chance for success at a State or Local level. Could also be a boon for the environment if we toss all the DC apparatchiks in the wood chipper; a Twofer :-)
Bill is off his game today. While it's impossible to argue with the fact that every penny every level of government collects comes from people and businesses (which are run by people) there are issues with some of his positions.
First, if they are going to cut taxes, who else but the high earners (producers) are they going to give the cuts? Especially when it is a fact that only about 50 percent of Americans pay income tax and the top 20 percent of income earners pay 70 percent of all the income tax that's paid. Not to mention that through various income distribution schemes people that pay no income tax receive "refunds" via tax credits (quite the oxymoron).
Second, though I applaud Bill's mantra that government spending needs to be reduced (bigly), he doesn't make a very good case for his position that "tax cuts (without parallel spending cuts) are a fraud." The reason the government's revenue has increased each time tax cuts were enacted is because it frees up capital for the producers (that would be paying more income tax without the cut) to use those tax savings to invest more in their enterprises. That in turn, produces more income (not just for the high earners, but also for those they employ) and thus more tax receipts.
As Bill points out, those that earn enough for a portion of their income to land in high tax brackets also hire high priced accountants and attorneys whose sole purpose is to figure out how to keep as much money out of those higher brackets as possible. When tax brackets and rates are modified to the benefit of these producers, they become more focused on creating income and less on protecting it. Perhaps in a future missive Bill could expound on his position and make a case for why tax cuts alone are a fraud, because a wise man once told me: If a man can design a tax code, another man can find a way around paying taxes.
We don’t borrow from each other. We borrow from the future, from our grandchildren and their grandchildren to pay for current consumption. This cannot last.
"Families like those of Michael Bloomberg and Donald Trump? They’ve got the money. But they also have lawyers and lobbyists to make sure they don’t have to give too much of it to the government."
Funny how both were close friends in the democratic cult, and both became Republicans around the same time...
Tax cuts are a farce to be sure. The end result is increased taxes, kind of like that PPP: Public- Private- Partnership except, I never signed into the club membership. Move along nothing to see, "hear".
Since reparations look to be in the millions per person as proposed in California, will they lose over half the first year they file income taxes? It would still be a net loss for whoever funds this steal. Local tax regions may benefit the most.
I told my friends back in 2018 that the tax burden gets paid by the working people and corporations. period. 50 % of the people get net benefits from the government. They will pay nothing. So all tax "breaks" do is shuffle the other 50% around with what they pay. The Trump "cut" cost me more in taxes. It was a sham, and all Repubs bought into it. Funny thing is that Demoroncrats knew it was not a real break and still whipped up their masses into a fury. The Feds have systematically isolated the real backbone of this country and have fostered a deep seated loathing for the government among people who carry the load.
Bill: "Politicians say they want to ‘protect America’s hardworking families.’ But in the dank and dark of megapolitics…the middle classes will have to pay. "
Joel: "Brace for impact."
Jonathan CV: Is this really, positively, at this point in time, the unarguable truth? If so, what is to be done? If not, then what other outcome and challenges should we prepare for?
What Matters Most Is What Lasts Longest. Which preparations serve us and those around us for all possible societal near futures? I am certain that there are such preparations, and they have at least something to do with money.
Got me thinking, especially after Dave J wrote his piece about taxes and the rich. I wondered what the US, citizens and corps were paying in taxes. Stats were rather revealing.
In 2020, the US made roughly 20T in GDP. Same year, roughly 5T was gathered in taxes. Roughly 25%.
Of that 5T in taxes, here were the apportions:
41% from US citizens
5% from Corporations
25% from Social Security Contributions
12% from Property taxes
17% on general sales taxes
Total 100%
The Organization for Economic Co-operation and Development tracks member countries, and their tax vs GDP numbers. The highest taxed country was Denmark, at 46.9% of GDP. The lowest was Mexico at 16.7% GDP. The US ranked 33rd out of 39, in ONLY taxing their population 26.6% of GDP, ahead only of great powers like Costa Rica (24.2%), Turkey (22.8%), Chile (22.2%), Ireland (21.1%), Colombia (19.5%) and Mexico (16.7%).
The average taxation rate amongst OECD countries was 34%.
Does anyone see a problem?
No?
How about a solution?
Do all the things that Bill suggests in his Clowns and Jokers post, Dec 23, 2022.
Then to accelerate the draw down on the deficit, let's move the tax rate to the AVERAGE tax rate of 34% of GDP. Getting another 2T in tax money, while saving a sh*tload on all the other cuts (especially the military) and the deficit could be wiped out in less than 10 years.
Now if only we could stop the politicians from making more asinine promises.
Bill summarized what goes on in our land to the dot. He offered no solution. Perhaps we should consider creating a new party like a National Socialist American Workers Party like Hitler did. This would be an incredible brand name where democrats could hide behind even better than their present democratic (manipulative) party.
America loves brand names. It makes it easy to determine just about everything and no thinking required. There are hypothesis that Hitler borrowed from America the concept of racial purity. That is no joke. Those naive enough to believe that American government stands for democracy have to dedicate some of their attention to the next election.
Bill’s post unfortunately and most likely reaches those that share his view. The others would not consider any controversial position and walk away from reading what others have to say.
It must have been God’s will to create people in these various categories like manipulators and suckers. The suckers have their tentacles rapped around the manipulators because that is what they think is it their mission in life.
Military recruiters visit high schools all over America looking for boys to serve their country. How little do these boys know that they serve an elite not the flag that represents the people in the trenches. The elite is interested in one thing, money and they will not come short of taking any step to place their paws over it. They thrive in peace and war.
It was Trump, the first president, who came into the presidency with a plan to take real care of our veterans. Before Trump the masses of soldiers returning from useless wars were treated like a tool that outlived its usefulness.
Only half of past presidents served in the military but played the role of commender and chief. How should Americans know where their spirit lies? Their campaign rhetoric is worthless. We do not even know if there is a possibility they can serve an enemy. The big advertising money is good for corporations not the future of our country.
America needs to revamp our system of picking a government to serve the people.
Bill, this is so spot on: "But at scale, ‘democracy’ becomes a fraud." I do think many Deplorables are finally realizing the Uniparty is not going to lead them to the promised land. They need to evolve into true Irredeemables. Secession is the only viable way forward. If Democracy is your goal, it will stand a much better chance for success at a State or Local level. Could also be a boon for the environment if we toss all the DC apparatchiks in the wood chipper; a Twofer :-)
Bill is off his game today. While it's impossible to argue with the fact that every penny every level of government collects comes from people and businesses (which are run by people) there are issues with some of his positions.
First, if they are going to cut taxes, who else but the high earners (producers) are they going to give the cuts? Especially when it is a fact that only about 50 percent of Americans pay income tax and the top 20 percent of income earners pay 70 percent of all the income tax that's paid. Not to mention that through various income distribution schemes people that pay no income tax receive "refunds" via tax credits (quite the oxymoron).
Second, though I applaud Bill's mantra that government spending needs to be reduced (bigly), he doesn't make a very good case for his position that "tax cuts (without parallel spending cuts) are a fraud." The reason the government's revenue has increased each time tax cuts were enacted is because it frees up capital for the producers (that would be paying more income tax without the cut) to use those tax savings to invest more in their enterprises. That in turn, produces more income (not just for the high earners, but also for those they employ) and thus more tax receipts.
As Bill points out, those that earn enough for a portion of their income to land in high tax brackets also hire high priced accountants and attorneys whose sole purpose is to figure out how to keep as much money out of those higher brackets as possible. When tax brackets and rates are modified to the benefit of these producers, they become more focused on creating income and less on protecting it. Perhaps in a future missive Bill could expound on his position and make a case for why tax cuts alone are a fraud, because a wise man once told me: If a man can design a tax code, another man can find a way around paying taxes.
Bill and Team.
To Know the Truth of where we are is gut-wrenching and almost debilitating.
“But to Not Know is positively the Road to Existential Extinction.”
Keep Going and Keep the Faith.
Brian 🤞💪
We don’t borrow from each other. We borrow from the future, from our grandchildren and their grandchildren to pay for current consumption. This cannot last.
And while all this is going on, the politicians and press push a straight white phobic social content to keep people divided. ...JJ
Megapolitics? So if I see something I don’t understand am I supposed to say “That must be Megapolitics”, and move on? I prefer delving a bit deeper.
"Families like those of Michael Bloomberg and Donald Trump? They’ve got the money. But they also have lawyers and lobbyists to make sure they don’t have to give too much of it to the government."
Funny how both were close friends in the democratic cult, and both became Republicans around the same time...
Tax cuts are a farce to be sure. The end result is increased taxes, kind of like that PPP: Public- Private- Partnership except, I never signed into the club membership. Move along nothing to see, "hear".
Do not. I repeat Do not raise the debt ceiling.
No one listens to us.
So they will raise it at the last minute.
And we cannot un-elect the politicians who keep voting for it
One of two things are happening.
Either our vote does not count.
Or it does and politicians can’t change anything.
Both are bad.
SO DO NOT RAISE THE DEBT LIMIT.
Let this dumpster fire burn out.
Then when we are starving & dying in our homes.
Ask us to vote for you.
Since reparations look to be in the millions per person as proposed in California, will they lose over half the first year they file income taxes? It would still be a net loss for whoever funds this steal. Local tax regions may benefit the most.
I told my friends back in 2018 that the tax burden gets paid by the working people and corporations. period. 50 % of the people get net benefits from the government. They will pay nothing. So all tax "breaks" do is shuffle the other 50% around with what they pay. The Trump "cut" cost me more in taxes. It was a sham, and all Repubs bought into it. Funny thing is that Demoroncrats knew it was not a real break and still whipped up their masses into a fury. The Feds have systematically isolated the real backbone of this country and have fostered a deep seated loathing for the government among people who carry the load.
Bill: "Politicians say they want to ‘protect America’s hardworking families.’ But in the dank and dark of megapolitics…the middle classes will have to pay. "
Joel: "Brace for impact."
Jonathan CV: Is this really, positively, at this point in time, the unarguable truth? If so, what is to be done? If not, then what other outcome and challenges should we prepare for?
What Matters Most Is What Lasts Longest. Which preparations serve us and those around us for all possible societal near futures? I am certain that there are such preparations, and they have at least something to do with money.
Interesting post.
Got me thinking, especially after Dave J wrote his piece about taxes and the rich. I wondered what the US, citizens and corps were paying in taxes. Stats were rather revealing.
https://www.oecd.org/tax/revenue-statistics-united-states.pdf
In 2020, the US made roughly 20T in GDP. Same year, roughly 5T was gathered in taxes. Roughly 25%.
Of that 5T in taxes, here were the apportions:
41% from US citizens
5% from Corporations
25% from Social Security Contributions
12% from Property taxes
17% on general sales taxes
Total 100%
The Organization for Economic Co-operation and Development tracks member countries, and their tax vs GDP numbers. The highest taxed country was Denmark, at 46.9% of GDP. The lowest was Mexico at 16.7% GDP. The US ranked 33rd out of 39, in ONLY taxing their population 26.6% of GDP, ahead only of great powers like Costa Rica (24.2%), Turkey (22.8%), Chile (22.2%), Ireland (21.1%), Colombia (19.5%) and Mexico (16.7%).
The average taxation rate amongst OECD countries was 34%.
Does anyone see a problem?
No?
How about a solution?
Do all the things that Bill suggests in his Clowns and Jokers post, Dec 23, 2022.
https://bonnerprivateresearch.substack.com/p/clowns-and-jokers?
Then to accelerate the draw down on the deficit, let's move the tax rate to the AVERAGE tax rate of 34% of GDP. Getting another 2T in tax money, while saving a sh*tload on all the other cuts (especially the military) and the deficit could be wiped out in less than 10 years.
Now if only we could stop the politicians from making more asinine promises.
Bill summarized what goes on in our land to the dot. He offered no solution. Perhaps we should consider creating a new party like a National Socialist American Workers Party like Hitler did. This would be an incredible brand name where democrats could hide behind even better than their present democratic (manipulative) party.
America loves brand names. It makes it easy to determine just about everything and no thinking required. There are hypothesis that Hitler borrowed from America the concept of racial purity. That is no joke. Those naive enough to believe that American government stands for democracy have to dedicate some of their attention to the next election.
Bill’s post unfortunately and most likely reaches those that share his view. The others would not consider any controversial position and walk away from reading what others have to say.
It must have been God’s will to create people in these various categories like manipulators and suckers. The suckers have their tentacles rapped around the manipulators because that is what they think is it their mission in life.
Military recruiters visit high schools all over America looking for boys to serve their country. How little do these boys know that they serve an elite not the flag that represents the people in the trenches. The elite is interested in one thing, money and they will not come short of taking any step to place their paws over it. They thrive in peace and war.
It was Trump, the first president, who came into the presidency with a plan to take real care of our veterans. Before Trump the masses of soldiers returning from useless wars were treated like a tool that outlived its usefulness.
Only half of past presidents served in the military but played the role of commender and chief. How should Americans know where their spirit lies? Their campaign rhetoric is worthless. We do not even know if there is a possibility they can serve an enemy. The big advertising money is good for corporations not the future of our country.
America needs to revamp our system of picking a government to serve the people.