Posts Tagged ‘capitalism’

What is my Response to the Naomi Klein and Environmentalist Criticisms?

Monday, November 17th, 2014

The following video was put up by one of my critics. I think this is a smart guy, but we will probably never agree on global warming issues. But I hope we  keep debating!

Alternatives to Obamacare? Market Reform

Tuesday, April 8th, 2014

Income Equality – Will Raising the Minimum Wage Help?

Friday, February 14th, 2014

Income Inequality – Does it Cause Global Warming?

Wednesday, February 5th, 2014

Income Inequality – What Would Karl Marx Say?

Tuesday, February 4th, 2014

Income Inequality – Does the Super Bowl Prove It?

Sunday, February 2nd, 2014

Income Inequality – How Do You Starve a Farmer?

Thursday, January 30th, 2014

What’s Wrong with Profit in Healthcare?

Sunday, October 20th, 2013

Why are Democrats and Republicans WRONG on Capitalism, Income Inequality, and Taxes?

Thursday, September 12th, 2013

Republicans preach capitalism and the liberals say, “oh no” that’s what creates this income inequality. We are now moving into the fall when the government is going to be having all these economic issues. They will be throwing things at each other, and you know what I believe? I think they are all clueless.

The government can’t do a thing about capitalism and I don’t think they can do much about income inequality. The one thing they can do is set the tax code. They can make necessary changes that will improve all of our lives. That they will probably not touch.

Let me give you an example of how crazy the tax system is. Let’s take a lady making $50,000 a year. She is single. Now with that money she has to provide a place to life, transportation to and from work, and clothes to wear. She shows up five days a week eight hours a day for that 50 grand. She is not going to come home with much.

Guess what the government is going to nail her with? The Federal government is going to tax her at a rate of 25%. If she lives in a state like Illinois you can add to that another 5% for state income tax. She will be paying a total of 30% of her income to taxes. So she will not be buying things she needs. Not being a real good consumer because she has to pay the government so much.

Let’s look at another guy. He is wealthy. He’s got a million dollars to blow so he invests it in municipal bonds at a 5% rate, or there about, he would make the same amount of money as our lady friend, $50,000. But here is the difference. He will not have expenses like transportation to go to work cause he will not do any work. He will not produce anything or serve anyone. He will not need to buy clothes for work. It is totally expense free.

Guess what his tax rate will be on his income? Ready for this? 0%, he will not pay a penny in taxes because municipal bonds are exempt from income tax. Well isn’t that a great system? Doesn’t that make things work really well? I hope you realize with me that that whole thing is BS. Our entire tax code is so unfair, so burdensome, it is pathetic. And we as voters and citizens need to make a statement. It is the one thing our politicians can do. And that’s change the tax code. I gotta feeling though, It will never come up.

Why is Corporate Profit Bad to Some People?

Monday, March 18th, 2013

Wall Steet is taking a hit today due to the crazy deal the EU made with the Cyprus government. Did you hear? The EU is asking that all Cyprus citizens give up 10% of their savings before the bailout of the nation. I wonder why the citizens are complaining? If you want big government you gotta pay for big government. Too bad we are not going to learn that lesson until it is too late. There are still large numbers of Americans who believe they can get stuff from the government that they do not have to pay for in the end.