Showing posts with label Taxes. Show all posts
Showing posts with label Taxes. Show all posts

Friday, 19 August 2011

A camel walks through the eye of the needle.

"My friends and I have been coddled long enough by a billionaire-friendly Congress. It’s time for our government to get serious about shared sacrifice."  --Warren Buffett

Thursday, 18 August 2011

People are Corporations, My Friend

Maybe RomneyCorp would be more human if he were less incorporated.

Sunday, 22 May 2011

The Duality of Mitt, Book II: Balancing the Budget

Old Mitt:  Was a moderate who balanced the state budget in Massachusetts by enacting a combination of spending cuts, closing corporate tax loopholes, and raising fees on marriage licenses, driving licenses, gun licenses, and taxes on gasoline at the state level.

New Mitt: Is another Borrow and Spend Republican who has pledged to not allow new taxes or increases in existing taxes at the federal level.

Thursday, 12 May 2011

Yeah, maybe, but on the other hand...

"We all know that going after oil companies is easy politics, but we also know that if this bill [eliminating tax breaks for the oil industry] were to pass it wouldn't lower gas prices one penny," Boehner said.


Yeah, but it would lower the government's deficit by a fair few--around 200,000,000,000 pennies, give or take.

Tuesday, 10 May 2011

Trickle-Down Economics

The basic idea behind trickle-down economics--that giving tax breaks to those who are already wealthy will cause them to spend more, and that that increase in spending will eventually trickle down to the middle class--ignores one basic fact about the rich...

The rich get rich, and stay rich, by hoarding money and not by spending it.