Framing the Dialogue

Posts Tagged ‘taxes’

As We Forgive Those Who Trespass Against Us

Sometimes I need help explaining what appears to be inexplicable…

Our local chapter of the “Occupy” movement (though they really don’t move all that much) has been occupying a local, privately owned park in the downtown area of Pittsburgh.  The owner, BNY New York, had been allowing the occupation, but recently figured out that placating stooges who hate you won’t make them like you.  In fact they lose respect for you, feel like they can push you around, and seek more.  That’s the whole “Occupy” movement.

Ten Men Walk Into A Bar

Suppose that every day, ten men go out for dinner and the bill for all comes to $100. If they paid their bill the way we pay our taxes, it would go something like this:

The first four men (the poorest) would pay nothing like they do now with the present income tax structure.

The fifth would pay $1.

The sixth would pay $3.

The seventh would pay $7.

The eighth would pay $12.

The ninth would pay $18.

The tenth man (the richest) would pay $59 of the bill.

Underlying Social Contract

“You built a factory out there? Good for you. But I want to be clear: you moved your goods to market on the roads the rest of us paid for; you hired workers the rest of us paid to educate; you were safe in your factory because of police forces and fire forces that the rest of us paid for. You didn’t have to worry that marauding bands would come and seize everything at your factory, and hire someone to protect against this, because of the work the rest of us did. Now look, you built a factory and it turned into something terrific, or a great idea? God bless. Keep a big hunk of it. But part of the underlying social contract is you take a hunk of that and pay forward for the next kid who comes along.”

Return to Prosperity

I often wonder how political “leaders” can look at a problem and see such divergent paths to remedy the situation. In my adult life, this period is the worst that I have encountered. I don’t care that pundits say that the “recession is over” because it doesn’t feel that way to me or my wallet. Author Arthur Laffer provides an in-depth look at the state of the economy and gives a pretty detailed prescription for bringing America out of the blackness (redness if you are an accountant). Return to Prosperity should have used this quote from one of our presidents very early in the book,

The OBA Administration

I’d like to suggest that the Obama Administration be renamed the OBA Administration or the Obama Back-Assward Administration.  When most of us have a problem we try to find and fix using logic.  For instance, my car was having some trouble starting so I had the battery and alternator checked.  If I were to act like the Obama Back-Assward Administration, I would probably have my key checked.  It would be funny except that these folks are “running” the country or should I say “ruining” the country…

Update -Wimpy Washington Economics

Welcome back my friends to the show that never ends

We’re so glad you could attend

Come inside! Come inside!

Come inside, the show’s about to start

guaranteed to blow your head apart

Rest assured you’ll get your money’s worth

Guaranteed to blow your head apart

- – Emerson, Lake and Palmer (edited)

News Briefs – Volume XXIX Land of the Free

News briefs are a collection of interesting news stories.  This edition is all about America the land of the free.  The “free” used to refer to our God-given freedoms outlined in our founding documents, but the term has mutated over decades of nanny-state policies to mean what the government “gives” us for free.  There is perhaps no better continuing example of the progressive, left-winged, drive-by, main-stream media’s collusion with Democrats than its continuing dumbing down of Americans.  Although the scarier part is that many accept, even crave the handouts.

Update – Up In Your Business

A few months ago I wrote about how government likes to all up in your business. They just cannot help themselves. One of the examples was how the City of Pittsburgh through its Urban Redevelopment Authority used eminent domain to seize a local theatre in Pittsburgh. The Garden theatre had suffered from the decline of city theatres and the proliferation of suburban multi-screen venues. They somehow survived by catering to the XXX movie crowd. I obviously don’t know the details of their finances, but they stayed in business for decades screening those flicks. That is until the City of Pittsburgh decided that the area would be better suited to a retail development.

Capitalism Then and Now

The recent headlines regarding General Electrics profits contrasted with their ability to paying any taxes in the United States had a lot of us scratching our heads.  I am sure there are no direct connections between GE’s ability to curry favor with the Obama Administration and their prominance in U.S. politics.  I am also sure that the fact that their former ownership of NBC and that network’s almost cult-like support of all things Obama played no factor in any subsidies that the company received directly or indirectly via customers who use their products.  As you know I am a thinker and a visual guy so I pulled out my old process diagram system and put together what capitalism might have looked like then (perhaps the turn of twentieth century)…

Hits About Myths

I love Milton Freidman.  Economics can be rather dry so when I came across a series of videos of Friedman on common economic subjects I first enjoyed them and decided to share them with you.  In one of these videos, Mr. Friedman compares a myth to an air mattress, full of nothing, but comfortable, and jarring when deflated.

The first is one that I posted a couple of years ago during features Friedman in an interview with Phil Donohue:

 

This one is about the myth of The Free Lunch or how taxes on corporations are really taxes on people: