Observations On The Fiscal Cliff.

Are there any real leaders to be found in modern day Washington D.C. I say “Hell No”. It does not matter which side of the political spectrum you tend to side with, you have to admit in all honesty that we have been sold down the river or been driven over the “Fiscal Cliff” if you will, by a band of rag tag, blow dried hair fraudsters. And at this point I sincerely mean one and all. We, the lemmings, have our IPhone’s and vote for American idols and seem quite content. We are missing the charade being paraded before our eyes. And with a heavy cost no doubt.

Is this the wake up call? I doubt it as most are too busy to recognize what our “leaders’ are up to. Ultimately it is we who pay the price and from where I sit, we should all be fuming at the actions or lack thereof on our behalf. All I hear is posturing and blame circulating.

Is this last minute stupidity really necessary? It seems our pols do this every year and take us to the brink. We deserve better than this. I believe a group of schoolchildren could agree on a satisfactory compromise. But we get squat as a result of the “statesmen” acting on our behalf. In the mean time most are found unaware of these activities save an occasional sound bite or two which usually is pitting one vs the other.

So join me in a cry for an across the board change in D.C. They are not worthy of working for us. They are haggling over a savings of $1 trillion over the next ten years. In the mean time, they will run an estimated $10 trillion of deficit spending in the same time frame. And so they quibble over peanuts while the boulders will be crushing us all. Is this leadership? Hell No.

President Obama’s blue ribbon team of “Simpson-Bowles”, came up with a plan that was widely hailed as a fair and balanced solution and approach. That was two years ago. The President proceeded to ignore and reject his blue ribbon boys. He seems to be averse to any spending cuts. True leadership wouldn’t you say? Senate leader Harry Reid is at home asleep or when awake he is working over Speaker Boehner and the evil House while posing for any camera he can find. Speaker Boehner is as lost as the former two. It seems one side wants more taxes and the other less spending. Reminds me of Lite Beer from Miller.

Grown ups are supposed to have and use more sense I was always led to believe. It seems easier to attack each other and score points with your base. Talk about a “base” tactic. Here is a thought. 10 percent tax hike and 10% across the board spending cuts. By jove I think I am on to something yet it sounds so simple. With moderate growth this would balance us in about five years give or take. And therein lies the problem. The 100,000 or so special interest groups which own D.C. for their own advantage. They say “screw the people, we will get ours”. Well with gutless politicians hard at work, is it a surprise the few rule over the majority?

This is not Democrats against Republicans. Aside from a long shot by Speaker Boehner which failed, neither side is taking it seriously. There is no Democratic plan to cut our massive spending. Only a plan to hike taxes. “Einsteins”. And the Republicans aren’t much better with next to nothing to show for a wasted year in which we all knew of the fiscal cliff last year. And the show goes on. The next campaign begins. Washington is too busy to do any real work. Must fund raise and kiss babies.
We should all be disgusted with what they put us through. And what we are about to witness. Not one pro growth plan in the last five years of any merit have I seen. This nation thrives on growth. Growth heals all wounds and leads to prosperity. We have seen what trillions in spending have yielded. Nothing but trillions in debt. And as to taxing growth, that too is economically destructive. I say it is time for a big change and now.  Dear leaders are playing us all as dear suckers. Happy New Year and hang on to the ledge.

Article first published as <a href=’http://technorati.com/politics/article/observations-on-the-fiscal-cliff-debacle/’>Observations On The Fiscal Cliff Debacle</a> on Technorati.


“Tax The Rich,Till There Are Rich No More”.

For those old enough to remember the legendary rock group Ten Years After, the title should bring back fond memories. In fact it is some of the best guitar music ever. But we move on to more pressing issues ie “Fiscal Cliff” nonsense. “Tax the rich, feed the poor, till there are rich no more” is the actual altruistic lyrics of the song. And the band indeed had good intentions. I love them.

The only problem is, does it work economically speaking? To that I answer a clear NO. All you have to do is look at Europe or for that matter the high tax States such as California or New Jersey. People of means are fleeing these locales in droves. Most prominently is France. President Hollande is hitting the well to do with a 75% rate. They are all moving. Who would think such a thing would happen? Likely most of us excepting the stupid politicians who enrich themselves on the backs of our sweat all around the world. Fools they be.

Who loses on this hike? Certainly not the rich. They can afford tax shelters you and I can’t. It will not hurt the Kennedy’s with their convoluted offshore family trusts. It will not hurt the gigolo Senator John Kerry, who moves his assets state to state to avoid taxation.

Or how about “lets tax the rich more” mavens such as Warren Buffett. Are you kidding me? He just bought back well over $1 billion in stock from a large shareholder who will save an estimated $150 million. How compassionate Warren. How hypocritical if you ask me.

Or perhaps you have heard of Google. Eric Schmidt is the CEO and an Obamamaniac. Rumors circulate he will be presented with a cabinet post for all the contributions he has made. Yet this man spoke of avoiding taxes as patriotic in support of the shenanigans his company utilizes to evade tax. What a phony. Another liberal who says, “sock it to them, but not me”.

Who loses? All of us. Deceit, hypocrisy and class warfare engender a vicious cycle of envy amongst the masses. As always, I find envy repugnant and easy for me to see why it is considered a deadly sin. Down right ugly.

Don’t get me wrong. I am no rich fat cat. But why should we punish success? As mentioned by me before, you can confiscate all the wealth of the top 5% of the wealthy. Have at it. The result is you have funded the government for about six months. Then where do they go? After the 95%. It is a lose lose proposition designed to prey on peoples heartstrings and envy button. A clever ruse nonetheless by the pols. They know who butters their wallet. And if we only hike taxes as is currently being proposed, by all accounts the potential net gain is $80 billion per year. Now what good does that do on a $1.5 trillion deficit. Squat! The numbers do not lie and they do not add up.

At the end of the day, you raise taxes on a rich guy. What or how does that change my circumstances? No one iota. I am screwed either way inheriting a bigger portion of the national debt. I do not get envious over more successful people. I applaud them. Mind you not the crooks but the honest hardworking people who have been elevated by a product or service worthy of demand by the masses. Leave them and us alone.

So in sum, all those advocating tax hikes are for the most part liberal. And truth be told more liberals are wealthy than republicans. But it doesn’t really matter to those who want to “soak the rich”. Their minds are being polluted by drivel from carnival barkers disguised as statesmen. And believe me, I apologize to all the honest carnival barkers out there.

There is clearly only one solution. As we are all equal in the eyes of justice, we should be equal at tax time as well. I propose no income tax and love the idea of a national sales tax in its stead. Talk about an ensuing economic boom. That is exactly what one will see. But we are told it is “regressive to the poor”. So is the cigarette tax hike Obama implemented his first week in office. Or the high gas taxes. These tend to hit the poor far more but I do not hear a peep from the compassionate set. Of course a tax credit can be issued for lower wage earners even with the national tax. But alas we are not soon to see such common sense and good for all policies out of the vipers in D.C. But one can hope. Merry Christmas.

Article first published on Technorati.