Sunday, November 11, 2012

Here We Go: Chief Neocon Calls for Higher Taxes

Talking Points Memo reports:

Conservative Weekly Standard columnist Bill Kirstol said it won't kill the country to raise taxes on millionaires during an appearance on "Fox News Sunday." Kristol said that after a bad night on Election Day, Republicans should reassess their positions and be open to new ideas.  
"Don't scream and yell when one person says, 'you know what, it won't kill the country if we raise taxes a little bit on millionaires.' It really won't, I don't think," Kristol said.
Kristol continued, saying he doesn't understand why Republicans don't just take President Obama's offer to go ahead and extend the Bush tax cuts for everyone making under $250,000 per year while a larger deal is reached. "I don't really understand why Republicans don't take Obama's offer to freeze taxes for everyone below $250,000, make it $500,000, make it $1 million," Kristol said.
Another clueless one who doesn't understand the importance of the rich in providing capital that results in increased productivity. Taxes shouldn't be raised on anyone, but it certainly isn't less harmless to raise taxes on the rich.

BTW: Bettina Bien Greaves reports that at his famous seminar in NYC, Ludwig von Mises, arguing against taxes, once even said that taxes should be on those who made losses, not profits, since those who make profits are more skilled at improving the standard of living of an economy and it is important to incentivise them and keep money in their hands.


  1. The real nonsense of this is that what the President is demanding is purely based on the politics of envy which is what drives his party. This moron is so controlled by the extremist left wing nuts around him that he's willing to drive off the cliff for less than $50b in tax revenue that would come from these tax increases. What a joke of a leader!

    I can tell you as an upper middle class person who makes under a million and pays at the top bracket already and has an effective rate of 31%, I plan to pass every one of them on to others. My Obama loving house keeper is going to be the first one to feel the bite of higher taxes starting in 2013. I may only have one vote and am considered expendable for the benefit of the political system, but I can still vote with my dollars and vote I will.

    And as taxes go up all I can say is F**k working hard and taking risk!

  2. This shouldn't surprise anyone. These crazy Neocons will do anything to keep the Warfare State going. It's a dirty scheme to channel the tax money to the military industrial complex.

  3. Never turn your back to these neocon guys unless you want a big knife stuck in it.

  4. Even if raising taxes on the "rich" didn't hurt anything, would it help anything. If they are talking about taking in millions more in tax revenue what's the point in the grand scheme of things. Millions seem like pennies when talking about trillions of dollars worth of debt.

    1. "Even if raising taxes on the "rich" didn't hurt anything, would it help anything...."

      My thoughts exactly. And I'm not aware of any sensible person saying that raising taxes on millionaires would "kill the country". It's a classic straw man argument.

  5. I'm sure Bill Kristol understands the economics of the situation, it's just that his goal isn't overall prosperity, but increasing state power. He is attempting to create further division amongst the populace by making 'the rich' the scapegoat, to prevent them from seeing the state as the culprit. Plus by taxing more they get to kick the can down the road a couple more inches.

  6. Kristol is a war monger and psychopath, and represents everything that needs to be purged from the American political system.

  7. Rand Paul and Thomas Massie oppose payroll tax cuts, and some in the Ron Paul movement are falling in line in calling for the payroll tax holiday to end.

    There is much educating to do. Going into the political realm and compromising positions is going to make the Goldwater movement look like a raging success.