Friday, July 22, 2011

President Obama Identifies Some Tax Increase Supporters

In an op-ed in USA Today, the President spent some time identifying current tax supporters and tax supporters of the past:

A balanced deficit deal that includes some new revenues isn't just a Democratic position. It's a position that has been taken by everyone from Warren Buffett to Bill O'Reilly. It's a position that was taken this week by Democrats and Republicans in the Senate, who worked together on a promising plan of their own. And it's been the position of every Democratic and Republican leader who has worked to reduce the deficit in their time, from Ronald Reagan to Bill Clinton.

He also called out for "tax reform":
That's why people in both parties have suggested that the best way to take on our deficit is with a more balanced approach. Yes, we should make serious spending cuts. But we should also ask the wealthiest individuals and biggest corporations to pay their fair share through fundamental tax reform.
Muuray Rothbard has the best response to all this:
If taxation itself is unjust, then it is clear that no allocation of its burdens, however ingenious, can be declared just...

Finally, the "ability-to-pay" principle means precisely that the able are penalized, i.e., those most able in serving the wants of their fellow men. Penalizing ability in production and service diminishes the supply of the service — and in proportion to the extent of that ability. The result will be impoverishment, not only of the able, but of the rest of society, which benefits from their services.


  1. I was just at a local coffee shop and was eavesdropping on a discussion that seemed to be centered on political philosophy between a younger man and what I presume to be a professor at the local college. What made me start listening to their discussion was a comment the older man made. He said that he had read something that William Buckley had written about Ayn Rand that "made his jaw drop." He then went on to lump Rand's philosophy with current politicians like Lindsey Graham. He also criticized Rand's thinking by saying that she made man "the center of the universe." Long story short, Rothbard came to my mind and I couldn't help but chuckle at this apparent college professor who seemed to be warping the young mind in front of him.

  2. Instead of talking about tax reform we need to talk about spending reform. We have a spending surplus not a revenue shortfall, not that the puppets of TPTB will ever understand unless threatened at the ballot box. Argh!

  3. Parasite Obama is too stupid to be as effective at lying and manipulating as Billy Klinton. He should really stop trying...It only makes a fool of itself.

  4. When I read stuff like this, it just makes me want to throw in the towel and get rid of my employees and liquidate my business and just live under the radar. If I thought that the Marxist parasites would be happy and stop here, I probably could care less. I can cut expenses, outsource, etc to make up for the increased taxes, but I know this is just the beginning.

    What I hate most, however, is when I hear one of these leftist parasites lump me in with the bankers and power elite just becuase I happen to make (really my business) more then $250,000 year. I am just a middle class guy that has worked hard and took lots of risk to build his business. I can assure you that the power elite do not give a crap about me or even know who the hell I am. I am a nobody that happens to be the target of a populist president that knows how to get votes by appealing to the envy in people.

    I totally agree with Steve Wynn when he says this President is without a doubt the biggest deterrent to any kind of private sector jobs recovery. I never once felt the way I do today under Clinton, even after he raised taxes. I know I would never dream of starting a business today. I guess the excitement is gone.