December 3, 2012
bureaucracy and bureaucrats, health care
capital gains, investment, IRS, ObamaCare, tax
Industry thrives on investment. Individuals who back companies with their earnings and help them grow, allow companies to expand, create jobs, create wealth and produce.
So does anyone think that an extra 3.8 percent surtax on investment income and capital gains in order to pay for the politicians’ health care takeover just might affect investment?
And how much will it cost to expand the bureaucracy in order to enforce and clarify the mess ObamaCare has foisted upon us?
The tax applies to a broad range of investment securities ranging from stocks and bonds to commodity securities and specialized derivatives.
The 159 pages of rules spell out when the tax applies to trusts and annuities, as well as to individual securities traders.
Released late on Friday, the new regulations include a 0.9 percent healthcare tax on wages for high-income individuals.
Gee! Only 159 pages of rules to clarify one portion of the several thousand-page new law?
Gird your loins, America. It’s just the beginning.
September 5, 2012
America, Blog, bureaucracy and bureaucrats, economics, freedom, government, health care, politics, Stray Thoughts
economy, government, health care, ObamaCare, politics
Yes, you read that right. No, I don’t think it’s hyperbole. The entitlement state is as far from what the Founding Fathers had in mind as possible, other than perhaps Hamilton, who was a statist outlier.
As I’m sure readers of this blog are well aware, the Democrats have been the driving force behind the entitlement state and the government mechanisms that support it since the passage of the Federal Reserve Act almost a century ago, through the New Deal under FDR, the Great Society under LBJ, through to the passage of the monstrosity known as Obamacare in 2010. Granted, George W. Bush, the worst Republican President since Hoover, got in on the act with his Medicare prescription drug boondoggle in 2005, but the Democrats have carried the ball for the past century. Thanks, guys. Now that things have finally reached the point that we can’t afford them any longer no matter how we fudge the math and soak the productive and rich, the progressives are screaming and hollering like stuck pigs in defense of their venerated, precious, prized accomplishments. Case in point: everyone’s favorite former speaker, Nancy Pelosi, is squawking about how Democrats “created” (Gee, thanks!) Medicare and “will not let them (Republicans) take it away” (Kinda like not letting the doctor cure that infection!) and “We’re going to reject the Ryan plan, which is a transparent trick to end Medicare,” Pelosi said during a gathering over breakfast. “It’s just plain wrong to privatize, voucherize and end Medicare as we know it. So it’s just plain wrong to give insurance companies …more, charge seniors more, more than $6,000 a year. It’s wrong, it’s morally wrong, it’s economically wrong.”
Ah, if only it were so. Ryan, at best, wants to slowly privatize part of the program to help stanch the red ink bleeding out of the federal budget. Sadly, even this is beyond the pale to the Democrats. They’ve managed to hook enough Americans on the drug of entitlements that most don’t realize that the very nature of programs like Social Security, Medicare and Medicaid is to grow, grow and grow some more until they become unsustainable. I can hardly even address Pelosi’s assertion that it’s “morally wrong” to end Medicare, so I’ll just say it’s morally wrong to obligate your children to pay for your federal benefits as the so-called “Greatest Generation” did, and their children after them have to theirs… that would be my generation. I’ll be forty in January, and I know that I won’t see a dime of these programs, and from an ethical perspective, I don’t think I’d want to. So we need to kill these generational Ponzi schemes dead, dead, dead before they back the fiscal back of America as well as the spirit of self-reliance America’s known for, as Dan Mitchell sums up nicely.
It’s up to us, people. No one’s going to do it for us. We have to defeat ALL of one major party and much of the other to accomplish eliminating entitlements, but it has to be done.
August 23, 2012
America, asshats, bureaucracy and bureaucrats
disability, dwarves, hire, Justice Department
Oh Great Pumpkin on a stick
Are you mentally challenged? Have mental “conditions” or partial / full paralysis? The DOJ seeks you! It wants you! It’s targeted your “disability” as one that’s obviously lacking at the department, and therefore it will likely be pretty easy for you to get a job there! Our country also needs dwarves, psychos and people with missing limbs.
If you think I'm kidding, I'm not.
The Justice Department needs you!
This is what we've come to in this country. Skills don't matter. The ability to do the job is secondary. Your scabs, shortcomings, deficiencies and other flaws will give you a leg up. Not your abilities. Not your hard work. Not your smarts. Hell, the DOJ apparently doesn't want brains! It's specifically looking for the mentally challenged!
Granted, the candidates will apply for non-attorney positions, but still... if you're a midget, a loon or any other applicant that would otherwise qualify for the job you will have specific hiring preference over those who weren't so "lucky" as to be afflicted with missing limbs or mental deficiencies.
May 29, 2012
bureaucracy and bureaucrats, government
air travel, Democrats, fees, TSA
It’s commonly referred to as BOHICA – a military acronym that means you’re about to get screwed. Again.
This time, it’s the TSA and the Democrats (I know, you’re shocked!) getting you ready for yet another reaming up the patoot.
The agency, backed by Democrats in the Senate, wants to increase the security fee everyone pays with a ticket from $2.50 a flight. to $5.00 per one-way ticket. A total of $10.00 would be added to round-trip tickets.
Because getting violated, felt up, molested, bullied and abused in every way possible is just not enough. Now you need to also get mugged in an era when the airlines are screwing you for every conceivable fee from checked baggage to peanuts.
At what point will the public say, “ENOUGH IS ENOUGH?”