Oct 10 2008

Obama’s tax cut: what he doesn’t mention

Category: economy,election 2008,Obama,taxesharmonicminer @ 9:28 pm

So:  in ALL of Obama’s discussion of his plans to raise taxes on only the top 5% in income, and “cut” taxes for the other 95%, how much have you heard about his plans to allow the expiration of the Bush tax cuts?

Does he mention those tax cuts were across the board, so that EVERYONE who paid taxes got a tax cut?

From where I sit, letting a tax cut expire is about the same thing as raising taxes.

By the way, does Obama ever mention that, historically, when taxes are CUT, including on the investors, entrepreneurs and employers (i.e., that top 5%), revenues to the US Treasury actually go UP (allowing more entitlement spending, if you’re so inclined…  sigh)?  Does he ever explain why he wants to RAISE taxes on the highest tax payers, when that behavior is virtually certain to LOWER revenues to the Treasury, thus limiting the ability of the government to provide the services socialists demand?  Does he admit that raising taxes on the economically active top 5% will affect their economic activity, causing them to take fewer risks, invest in less business activity (all of which creates jobs), move more of their economic activity to other countries, etc.?   Can Obama point to any instance in human history where a tax raise CAUSED people to be more economically active, and therefore created economic growth?   (Don’t confuse correlation with causation when you start looking for examples of this, if you’re so inclined.)

Has he explained why it’s better for the “working class” to get a tax cut (or just an outright check for $1000 or so from the government for the 40% who pay no income tax) than it is for the same people to have a secure job in a growing economy?  And the great probability that his tax raise on the top 5% will SLOW or STOP growth altogether, especially in the current economic situation?  That his tax raise on the employer class is going to cause fewer jobs, because the money that would have supported more workers will go to the government, or employers will simply manage their situation to reduce activity in the USA, and thus reduce tax liability?

Has Obama ever explained why HIS socialist leaning plans will work in the USA, when they’ve essentially failed in other nations, and are being replaced by more privatization?

Has he ever mentioned that the tax on US business is among the very highest in the world, already?  Has he ever mentioned the fact that when taxes are raised on business, they either cut jobs, or raise prices, or both?

Well….  probably not.

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Oct 10 2008

From Isaiah chapter 5

Category: politics,theologyharmonicminer @ 9:18 am

Things are looking tense around here.

15 So man will be brought low
and mankind humbled,
the eyes of the arrogant humbled.

16 But the LORD Almighty will be exalted by his justice,
and the holy God will show himself holy by his righteousness.

17 Then sheep will graze as in their own pasture;
lambs will feed [f] among the ruins of the rich.

18 Woe to those who draw sin along with cords of deceit,
and wickedness as with cart ropes,

19 to those who say, “Let God hurry,
let him hasten his work
so we may see it.
Let it approach,
let the plan of the Holy One of Israel come,
so we may know it.”

Maybe we aren’t supposed to be trying to create the perfect society after all?

20 Woe to those who call evil good
and good evil,
who put darkness for light
and light for darkness,
who put bitter for sweet
and sweet for bitter.

That’s pretty clear. Isn’t it?

Continue reading “From Isaiah chapter 5″

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