Tag: Failure to accept the destructive influence of liberal wealth redistribution schemes

Let it burn…

So as was expected, Puerto Rico defaulted on a debt payment for over $70 billion in outstanding debt. From the article:

Puerto Rico, whose residents are U.S. citizens, has been mired in recession for a decade and borrowed heavily to balance budgets. Despite the shaky economy, investors snapped up its debt for years thanks to generous tax incentives. The borrowing spree, however, did little to create economic opportunity on the island, and residents have steadily left for employment on the U.S. mainland, eroding Puerto Rico’s tax base.

So this problem was caused by leftist government that wanted to spend more than the economies they crippled could sustain, to buy votes of all reasons, borrowed massive amounts of money to balance their budgets. Does this sound familiar to you at all? At least some Puerto Ricans affected by this stupidity had the ability to skip town and go to the US, whether it was to find gainful employment or just move to some blue state and suck at the government’s teat there, to avoid the catastrophe. Where are those of us in the US going to go when we face this reality?

Government economic policy that is set up to make participants in any economy dependent on buying favors from the members of said governments, always end up producing pain and do little to produce economic growth. But it sure makes a lot of connected people wealthy and in turn puts a large amount of cash into the campaign coffers of the political class that has implemented this machine. Hence, despite the massive debt buyout in Puerto Rico, there was no economic benefit. Again I ask, does this all look familiar to anyone? It seems quite obvious that what we are seeing in Puerto Rico can directly be inferred as the future of many US blue states as well as the US economy in general under the Obama administration.

Back to this issue at hand. As the article points out, republicans rallied by Paul Ryan in congress are pushing legislation that would restructure Puerto Rico’s debt. My concern is that this is nothing more than a totally temporary bandaid solution, and that it will not only not fix the underlying issue, which is that these fuckers will keep borrowing to buy votes and do nothing that would fix their abysmal economic conditions, but just delay the inevitable: Puerto Rico basically asking the US tax payer to foot the bill for all the squandered money. I feel this way because of news like this. And once Puerto Rico gets what amounts to a bailout, you can bet that Illinois, California, and every other blue state out there that has the same model of borrowing so they can spend on vote buying while all that spent money does nothing to improve economic conditions in general, will all show up in DC and ask for the same.

Whatever crap congress puts together should also destroy the blue state economic model as it exists today. Without that, we are just pushing the problem out and increasing the final cost of bailing out these idiots. The blue state model needs to die before it kills the country as a whole.

Replace with Obamacare for a view of our future healthcare system

The future of Obamacare, which should have been repealed in toto had it not been for Obama’s veto in January of this year, and which now obviously after such abysmal failures and fiscal disasters shows clearly that it was intended from the start to destroy healthcare as we know it in the US so the left could force a single-payer system on us, will end up looking like this:

The UK has one of the worst healthcare systems in the developed world according to a damning new report which said the nation has an “outstandingly poor” record of preventing ill health.

Hospitals are now so short-staffed and underequipped that people are also dying needlessly because of a chronic lack of investment. The verdict, from the Organisation for Economic Co-operation and Development (OECD), will make embarrassing reading for David Cameron who denied the cash-strapped NHS is heading for its worst winter crisis.

Staff are too rushed to improve levels of care that have in many areas fallen below countries such as Turkey, Portugal and Poland. Almost 75,000 more doctors and nurses are needed to match standards in similar countries the OECD said in its annual Health at a Glance study comparing the quality of healthcare across 34 countries.

While access to care is “generally good” the quality of care in the UK is “poor to mediocre” across several key health areas, obesity levels are “dire” and the NHS struggles to get even the “basics” right, the report said citing a lack of investment over the last six years.

Britain was placed on a par with Chile and Poland as countries still lagging behind the best performers in survival following diagnosis for different types of cancer. The UK came 21st out of 23 countries on cervical cancer survival, 20th out of 23 countries on breast and bowel cancer survival and 19th out of 31 countries on stroke.

Here is the takeaway from this obvious revelation of fact: in a system that measures success of a given healthcare system with metrics that are heavily skewed/biased to favor collectivist bullshit over actual performance, the British healthcare system, which is a collectivist government controlled healthcare’s dream state, fails abysmally. It always comes down to the fact that there are limited resources and cash, and too many people that want free shit. When government takes over allocation of the limited resources, it always goes bad. Fucking always. In places where abundance masks the fact that there is an economic reality it might take longer to show that, but eventually it will be shown, as is the case here.

Things are going to go from bad to worse in this country because of the direction forced on us. Obama, was our Lenin. If Hillary wins, she will be our Stalin, and she is gonna do it with gusto. The problem is that whatever it may be we are fucked with these people.

Reality always bites…

Back in the day the collectivist cheerleaders told us this to sell their garbage. Reality is things like this, and then things like this.

Collectivist, SJW type revolutions are sold as trying to make it better for the masses, but the truth is that it is about replacing the people in charge with new ones whom practically always take abuse and misery of the masses to new levels. I hope Venezuelans know how to make pruno, cause life is about to get even worse for the masses without that Polar crap swill.

Collectivism is evil, but I am sure this is somehow Boosh’s fault…

I bet the LSM will not blame this on the crooks in charge…

Can I ask if you are surprised to find out that now that we have experienced Black Jesus’ “Hope and Fundamental Change” in action, that we are seeing European level of anemic economic performance and being snowed into thinking it is not the fault of the bullshit policies of these crooks? From the article:

The U.S. economy expanded in the first quarter at the slowest pace in two years as American consumers reined in spending and companies tightened their belts in response to weak global financial conditions and a plunge in oil prices.

Gross domestic product rose at a 0.5 percent annualized rate after a 1.4 percent fourth-quarter advance, Commerce Department data showed Thursday. The increase was less than the 0.7 percent median projection in a Bloomberg survey and marked the third straight disappointing start to a year.

Shaky global markets and oil’s tumble resulted in the biggest business-investment slump in almost seven years, and household purchases climbed the least since early 2015, the data showed. While Federal Reserve officials on Wednesday acknowledged the softness, they also indicated strong hiring and income gains have the potential to reignite consumer spending and propel economic growth.

First off, low oil prices, unless you are in the criminal green industry or in the oil business itself, are awesome for any business. Lower oil costs means lower fuel costs, which for every business that moves shit around means lower costs period, and more profits. Investments are slumping, not because of the drop in oil prices – I have made a killing myself investing in oil companies right now – but because too many people are catching on that the stock market rise is mostly from devaluation of the dollar (makes assets worth more on paper) and because there was nothing else that was safe to invest in. The problem is that since the 2008 crash any growth has come without a growth in employment numbers, and whenever it happened otherwise, because government pissed money propping up junk industries that will die sooner than later. We have had morons lie to us that the economy was growing when all it did was stay on life support while massive government spending and borrowing tried to hide that fact.

“The fact that personal consumption is a bit on the soft side is a disappointment, especially in light of the low gasoline prices,” said Thomas Costerg, senior economist at Standard Chartered Bank in New York, who correctly projected first-quarter growth. “Consumption seems to be stuck in a low gear.”

Yeah, that slump happens because fewer people are employed you moron, hence less cash to spend, and those of us that are still employed realizing we better hide our money in assets that government can’t fuck us over for having. Yeah, I know the LSM has been touting the stupid unemployment numbers that totally hide the fact so many people have dropped off the rolls and so many more are working part time because they can’t get full time employment, but I remind you that when these numbers were lower during a republican president, they were then falsely touted as signs of an abysmal economy. We have that now, but because of Black Jesus and the fear of pointing out this Keynesian shit doesn’t work, nobody wants to say we are fucked.

Businesses are also aware of the existing shitstorm and the potential doubling down of this shitstorm. Can you blame them when you have a party where the 2 candidates, one a criminal and the other a prime example of life’s losers with a grudge against his betters, competing about whom will steal the most from the productive sector to buy votes with? If I was one of these companies, I would definitely be looking at how to hide assets. Especially when the LSM never reports on how full of shit these vote buying collectivist scumbags really are screwing us. Bernie, whom sadly is the lesser of the donkey evils, wants to give us free college, but nobody points out how well government controlled free lower education has worked out for us. The criminal on the other hand is trying to out communist the communist. Who do you think will pay for all this free shit?

None of this stops the cheerleaders from trying to convince the serfs that despite the abysmal reality, that improvement they have been telling us was just around the corner or had arrived, for more than 7 years now, is just around the corner:

The dismal performance in the first quarter, however, is unlikely to carry over in the spring, most economists contend. They view the labor market as a better indicator of where the economy is headed than the more backward-looking GDP report and they point to strong job creation early in the year as evidence that growth is stable.

The case for a spring rebound will get the first big test next week when the government issues the employment report for April. Economists predict an increase of around 200,000 new jobs, matching recent gains. Only a big shortfall in new jobs is likely to set off alarms about the second quarter.

Here is my bet on how this plays out: they tell us that we have finally made it, only to revise the numbers – always downward and indicating things are terrible -some months later. And when they do this, it will all be “unexpected”. And we are all supposed to believe them despite the fact that we have seen this same shit for close to 8 years now. We have never recovered, and if you look at home ownership trends, it is obvious that these morons have been lying to us. The real estate sector doing well is basically Chinese oligarchs gobbling up everything still of value. And for all their talk about social justice and sticking it to the “haves”, the Obama SJW machine seems to have really created some serious imbalance between the rich and the poor, but definitely not in the direction they pretend they want to move it. The fact is that friends of the crime syndicate in power now are rolling in the dough, while others are not doing so well.

Things suck because the people in charge have made it far worse. That’s the facts, Jack.

This is what Bernie’s America will end up looking like

Despite the fact that it looks like the ‘gimme free shit party’ is not doing well with voter turnout, there are a lot of people that are backing donkey candidate Bernie Sanders, a man that never held a real job in his life (his first full time job was one working in government and happened when he was 40), and whom seems angry at the world because he never got what he feels he was due. Like Obama, the community organizer, and for that matter that criminal Clinton, Bernie is a man of no real accomplishments, but at least unlike Obama and Hillary, he seems to not be a down right crime syndicate boss.

I suspect a lot of Bernie’s backers are donkeys that have some conscience and simply can’t make themselves vote for that criminal Clinton. But then, there are many people that are true believers in the wealth redistribution bullshit Bernie peddles too, despite the historical evidence that this shit always ends badly for the people that put it in practice. Collectivism doesn’t work when it goes beyond the family unit, and the reason is very simple, even if the people that espouse it don’t want to admit it: the jealousy and greed that makes this philosophy that advocates taking from others attractive also blinds the followers to the fact that the leaders that promise to do this for them simply are looking to replace the existing haves, and will not really worry much about the “have nots” once they do so. From the USSR, to communist China to North Korea, Cuba or any other of the failed shit, it always ends bad. Sure the marxist backing Bernie will point to Europe, and especially Sweden, as their models, but they are not being honest when they do so. Europe, because of the wealth and mediocre collectivist leadership it has had, has not yet completed the full transition to what always comes from this dark ideology.

Want a look at the end result? Well, take a good look at what is happening in Venezuela or for that matter to Brazil, yeah Brazil, countries that have let this ideology run its course. One went super totalitarian, while the other is almost there. Shit, keep an eye on our neighbor to the north. I have a feeling they are going to be doing some real stupid shit that will hurt them real bad in the next few years, all in the name of social justice or whatever. And Europe, unfortunately for the Europeans, because of the corruption in Brussels and despite the many changes being made to delay the inevitable, will run out of other people’s money sooner than later, as well. Of course this will not dissuade people that feel they have a right to what others have – especially when they justify that right by claiming the others got what they have through nefarious means – from feeling that they will go along as long as the getting is good. To them having the whole thing burn down seems like justice, I guess.

Unexpectedly: Shitty collectivist plan to destroy US healthcare to screw over users

Color me totally unsurprised that the pile of bullshit democrats told us had to be passed so we could see how it would fix all healthcare problems, and most importantly provide care to everyone while at the same time reducing costs, is going to fuck everyone over yet again in the coming year. From the article:

Amid rising drug and health care costs and roiling market dynamics, the spokesperson for the nation’s health insurers is predicting substantial increases next year in Obamacare premiums and related costs.

Without venturing a specific percentage increase, Marilyn Tavenner, the president and CEO of America’s Health Insurance Plans (AHIP), said in an interview with Morning Consult that the culmination of market shifts and rising health care costs will force stark increases in health insurance rates in the coming year.

“I’ve been asked, what are the premiums going to look like?” she said. “I don’t know because it also varies by state, market, even within markets. But I think the overall trend is going to be higher than we saw previous years. That’s my big prediction.”

If Tavenner is right, Obamacare will jump dramatically—last year’s premium for the popular silver-level plan surged 11 percent on average. Although Tavenner didn’t mention deductibles, in 2016, some states saw jumps of 76 percent, while the average deductible for a 27-year-old male on a silver plan was 8 percent.

The warning to consumers from Tavenner, the former administration official who headed the Center for Medicare and Medicaid Services (CMS) and oversaw the disastrous launch of HealthCare.gov, the Obamacare website, comes at a time of growing uncertainty about the evolving makeup of the Obamacare health insurance market. With many insurers struggling to find profitability in the program, the collapse of nearly half of the 23 Obamacare insurance co-ops and this week’s announcement that giant UnitedHealth Group intends to pull out of most Obamacare markets across the country, anticipating future premiums and copayments is largely risky guesswork.

I may not be an economist, but I find none of these revelations to be anything other than what we should have expected. Since I remain unburdened by the idiotic collectivist notion that human nature and the laws of economics can be bent by the will of people that remain unfazed by reality, I had no problem seeing that nobody could ever deliver BOTH “free healthcare” to everyone – especially people with serious illnesses, AND somehow magically reduce costs. And with the information we quickly found about Obamacare’s setup after Pelosi rammed this shit sandwich down our collective throats, it should have been blatantly obvious that was by design.

First off, let me point out that it should be obvious to everyone that while the argument can be made that the democrats have not delivered what they promised, they did deliver what they wanted: a boondoggle so unworkable and broken, that it would collapse the US healthcare after making the whole thing too expensive and too cumbersome to work, allowing them to then force an ultra-expensive, mediocre (if we are lucky) and government controlled, single-payer system on us that would never fly otherwise. By these measurements Obamacare is a stunning success.

What baffles me however is how all these idiotic insurance companies that do have to live and work in the real world went along with this nonsense. I remember reading in one of the many articles about insurers now coming to their senses and pulling out of this monstrosity after suffering crippling loses that the insurers in question actually thought they could make this work. Seriously? These people that had to deal with reality, real economics, and real people all decided to believe the idiotic notion that somehow if government took this shit over it could through coercion and force incentivize behavior that was contrary to what individuals would see was in their own best interest?

I mean I can expect this level of idiocy from collectivist twits, and I admit that I greatly enjoyed the tears and clothes rending that followed their realization that their moronic belief that some other people – the evil rich – would end up footing the bill, was totally wrong as their premiums went up and the level of service from their existing plans went down (that is, if they even got to keep that plan). But seeing so many insurance providers with years of actuarial information that showed this shit never works, not just reluctantly going along with the corrupt and crooked democrats on this, but actually exuberantly advocating for Obamacare, vexed me greatly. I did a double-back and even had to ask myself if I missing something they saw. Could this collectivist miasma actually be something that could be made to work?

Lucky for me, the laws of economics, human nature, and reality prevail, as the fact that this thing is imploding, clearly shows. But definitely unluckily for every American tax payer and consumers of the pre-Obamacare healthcare system, the fast trip to the implosion of healthcare system that delivered great quality care despite the fact socialist assholes rated it low because to them healthcare was only great when it was below sub-par in quality and “supposedly free” for the masses, has sped up. What we had was not perfect, and there were some simple and actually not that costly steps that could have been taken to address the real main concerns (catastrophic financial results from unexpected costly medical conditions), but it was blatantly obvious that what the democrats did was going to hurt, not help. And at the risk of being pedantic, I say, again, that was by design.

Things are going to get worse before they get much, much worse. But hey, SJW will love the fact unaccountable and faceless government bureaucrats with serious personal issues and their own political agendas – like the ones running the VA system into the ground – will now call the life & death shots for all of us, instead of the evil corporate entities that were making profits! don’t be surprised that like happens in every collectivist hell-hole with this sort of system, we end up with a two tiered system that leaves the serfs woefully under served, but provides much better care for the elite. Like that system in Cuba we are always being told is so wonderful by your marxist cocksucker types.

Fuck you Paul Ryan, it is

If you had any doubt that there really isn’t that much of a distinction between the political elites in DC that has driving the pro-Trump revolution, all you need to look at is Paul Ryan’s pittiful appeal to pretend sending money to blue model Puerto Rico isn’t a bail out. Puerto Rico is as blue model as you can get. It’s what the left is all about: spend too much, massive corruption, cronyism, and abuse of power to the max. Now they are downright broke and dying, just like most blue model stats on the continent, think Illinois and soon, California itself, and they are going to DC to ask US tax payers to bail them the fuck out:

Speaker Paul Ryan (R-Wis.) blasted Wall Street investors on Wednesday as he tried to tamp down conservative discontent with a bill to assist Puerto Rico.

The GOP leader charged that “special money interest groups on Wall Street” are trying to sabotage the legislation by billing it as a “bailout.”

Ryan said that the government will be forced to actually bail out the island if Congress fails to act, predicting massive defaults on its bonds.
“Many big-money interest groups on Wall Street know this and have put a lot of money toward sabotaging this legislation in order to force a last-minute bailout upon Puerto Rico, putting U.S. taxpayers on the hook for their bad loans,” his office said in a lengthy statement. “They call this a bailout, because they know it is not. And a bailout is what they want.”

Ryan’s push comes as GOP leaders are trying to pull in enough support from both parties to clear legislation that would impose a fiscal oversight board on Puerto Rico and allow it to restructure some of its debts.

He dismissed “buzzwords and special interest ad campaigns” that describe the package as a bailout, and instead argued the House plan imposes much-needed fiscal rigor on the island while avoiding a messy set of defaults.

What a pile of crock. This is a bailout for a bunch of crooks that ran their protectorate’s economy and finances into the ground, and Paul Ryan blaming Wall Street for pointing that out is about as idiotic as it gets. Congress is starting with this bailout of Puerto Rico for a reason: doing it for Illinois, California, Massachusetts, Michigan or anyone of the other blue states looking at the looming bankruptcy their blue model tax-and-spend, free-for-all, vote-buying scam system first, would leave the tax payers that foot this bill for broken government systems no doubt that this was them bailing out failed blue model states, and then in a way that allows these blue states to keep doing the same stupid shit that got them broke and begging in the first place. No dice.

Fuck a Puerto Rico bailout. Tell them to tighten the belt and deal with the shit that happens. The blue model states on the mainland can then absorb the army of free-loaders that will move there to suck at the government’s teat, and their demise will be hastened as well. We all will win when the vote-buying blue political model implodes and we can do away with this shit, the pain it will cause notwithstanding. The sooner this house of cards collapses, the sooner we can burn down the nanny state.

Because this worked out so well before..

Being a social justice warrior/collectivist twit means never learning any of the lessons reality slams you with when the fucked up shit your supposedly well intentioned stupid ideas cause to happen blow up in your face. Oh sure, the leftist twits tried their best to blame it on the evil banks and their predatory practices not being regulated enough, but of course, as is always the case, they covered for the fact that it was deals they made to make this giant shit sandwich look semi-palatable to the lending industry that basically was being told to burn money by giving loans to people that were all but guaranteed to fuck things up.

Despite the usual heap of idiotic SJW bullshit about a rigged system, people that are considered high risk and thus are not able buy homes, usually are there because they have proven not to be fiscally responsible. That suddenly doesn’t go away when they are able to buy a home on the cheap, without any serious commitment or risk on their part, and continue to engage in the same idiotic things that cause them their financial pain. That republicans chose to go along with this idiotic scheme shouldn’t let them off the hook, but the push to get more of this crap going definitely comes from one party, as the Clintons doubling down on the stupid shows. Fast forward, and scams to make the whole mess look palatable fail to prevent the inevitable collapse of the house of cards this nonsense created.

Yeah yeah, I know that the DNC driven media has put out a ton of articles trying to blame evil Wall Street and provide cover for big SJW government’s role in this disaster, but you must be a liberal idiot if you are going to pretend that Wall Street could have done any of the things it did without government backing. in fact, the lie that the problem was caused by lack of regulation is galling. It was specifically caused by the regulation in place: the deals made with the big lenders to back their horribly crappy loans to people that never should have qualified for any such loan came from government.

American tax payers didn’t bail out Wall Street – like your usual leftist twit would like you to believe – because republicans wanted to save their friends, but because the SJW types in government knew that if they didn’t do this they would never again get any private institution to go along with any of their harebrained schemes again. Pelosi and the other criminals in her clique pretended not to want to bailout Wall Street and only to go along once they got their way to “reform” the system, but those of us that knew better, saw through that deceit. As many of us predicted, what followed was nothing but a charade, and that we would not only get zero action to prevent such a crisis again, but that the democrats would double down on pushign the same idiocy with renewed vigor.

Fast forward about 7 or so years, and here we are again:

The Obama administration is engaged in a broad push to make more home loans available to people with weaker credit, an effort that officials say will help power the economic recovery but that skeptics say could open the door to the risky lending that caused the housing crash in the first place.

President Obama’s economic advisers and outside experts say the nation’s much-celebrated housing rebound is leaving too many people behind, including young people looking to buy their first homes and individuals with credit records weakened by the recession.

In response, administration officials say they are working to get banks to lend to a wider range of borrowers by taking advantage of taxpayer-backed programs — including those offered by the Federal Housing Administration — that insure home loans against default.

Housing officials are urging the Justice Department to provide assurances to banks, which have become increasingly cautious, that they will not face legal or financial recriminations if they make loans to riskier borrowers who meet government standards but later default.

Officials are also encouraging lenders to use more subjective judgment in determining whether to offer a loan and are seeking to make it easier for people who owe more than their properties are worth to refinance at today’s low interest rates, among other steps.

Now what could go wrong with government forcing lenders to provide loans to people that are unqualified in the name of social justice, huh? We are back at the same junction we started of with the idiotic community reinvestment act. SJW are decrying the fact that people that make poor finical choices are being left behind, so they now are telling lenders that they should ignore the golden lending rules – as well as the laws of the land – and pony up. And don’t worry! Government, meaning the productive American tax payers that are already being fleeced at a record rate to finance other such SJW boondoggle schemes and scams, will back them up when the shit hits the fan!

Seriously, nobody should be surprised that an administration that has seen itself not only as “above the law”, but views the law and the legal system as a means to attack their political enemies while providing cover to their friends, decides they can openly tell the very financial entities that they so actively and effectively falsely blamed for the previous crisis that they better ignore the new set of idiotic laws of their own making, and to go back to doing more of the same stupid shit that destroyed the wealth of and screwed up so many in 2008.

What could go wrong this time? And it isn’t as if we might have any other bubbles to worry about either.

Insanity: doing the same stupid shit over and over under the pretense that this time you will overcome the laws of human nature, economics, and reality. But that’s liberal social justice warfare for you in a nutshell.

What collectivism really looks like..

This is what collectivism always really looks like. The “benevolent leader or leaders ” live like kings of old, with the power of life and death, and the rest, divided and conquered, fight over the scraps.

Don’t for a second let the people selling this shit religion tell you that this is the exception and what they want is different. Especially when they allude to the successes of their government religion in other places. The fact of the matter is that these things, while they work for a while, eventually end up in disaster. And when things go wrong, it is always the fault of others and external forces. That’s why these people tell you with a serious face that having an entity rob the productive at gun point, to buy votes from people quite content to fight over the scraps they get handed as part of this idiotic setup, as long as they feel others are made to suffer as well, can work if the “right people” are in charge.

The Kims, Castros, Pol Pot, Lenin, Stalin, and those that followed them, Mao and his successors, and so on and on, all are excused, along with the over 100 million killed and billions made to live in misery that the collectivist movement have caused, with the final insult being the admonition that the right people in charge would finally make it work. Well, the fact is Obama was also lauded as “the right people”, and only a real partisan hack with an agenda would pretend that those of us that point out that the only thing Obama and his cronies have really managed to accomplish was to make things worse, are wrong in saying so. As always, the way to validate this is to ask yourself what the reaction would be if someone with an R next to their name had done any of the things the media and the left have let pass when done by Obama, Hillary, or any of the other aristocrats of the left.

Contrary to what the people driven by greed and jealousy of what others have come to believe, the truth is that collectivism can’t create heaven on earth. No matter how well intentioned and what promises it makes, in the end it can only provide hell on earth. At least those pushing the old time religions knew better than to promise what couldn’t be delivered ever would happen in an afterlife.

Manhattan Institute article misses a key point..

A very good Manhattan Institute article titled Hillary & Bernie’s tax fantasies points out some very big problems with the left’s tax-and-spend approach to business. From the article:

Soak-the-rich proposals ignore history and wouldn’t raise nearly enough money to fund big spending plans.

If they stole every penny from anyone making over $100K a year, the collectivist government Hillary & Bernie promise wouldn’t be able to operate for more than a year anyway. Who would they steal money from after they robbed the productive? And the sad thing is that Hillary at least knows this. Bernie is a fucking loser and doesn’t care. It is about revenge for the fact that he couldn’t hold a real job or bag a real women. That is why, in practice, I firmly believe that the left wouldn’t do this (maybe Bernie would). So why this charade then?

Here is a question to ask Hillary Clinton and Bernie Sanders: What is the best tax rate to impose on high-income earners to ensure there is enough government revenue to pay for your trillion-dollar promises to voters?

Perhaps they think it is 83%, a rate that economists Thomas Piketty and Emmanuel Saezhypothesized in 2014 in a widely circulated paper. Or maybe it is 90%, which Sen. Sanders told CNBC last May was not out of the question. “Our job is not to think small,” Mr. Sanders elaborated in the Huffington Post a month later. “It is to think big.”

Progressives have often reminded us that the U.S. had such rates in the past. From 1936 to 1980, the highest federal income-tax rate was never below 70%, and the top rate exceeded 90% from 1951 to 1963. Under Ronald Reagan, the top federal rate declined to 28% by 1988 and has never reached 40% since.

The discussion of these rates can easily create the impression that the federal government collected far more money from “the rich” before the Reagan administration. And it can also leave another impression: There would be no downside to raising rates to 1950s levels, given that decade’s prosperity.

Neither impression would be correct. The effective tax rates actually paid by the highest income earners during the 1950s and early ’60s were far lower than the highest marginal rates. Few taxpayers reached the top brackets, the code was rife with loopholes, and capital gains were taxed at much lower rates.

And when you read between the lines, that last paragraph, it becomes obvious why the left still thinks this absolutely idiotic idea has merit. Insane tax rates provide the political left with the greatest opportunity for graft. In the name of “social engineering” they would flood that system with loopholes to favor their preferred constituencies: lobbyists, mega crops, the ultra rich, and the people that vote for a living. If we went back to the tax rates of the 50s, it would come with a trough feeding frenzy by the lawmakers pushing this crap on the people, as one special interest after another lines up to buy their own bennies.

The only people really screwed would be the middle class. The left can’t operate their totalitarian command driven economy nanny state unless they get rid of the middle class, anyway. History shows us that you always end up with a 2 class system: the aristocracy in charge, and the serfs bearing the brunt of the horrible policies they are made to live under.

Nostalgia aside for a world that never existed, few people paid the top tax rates of the 1950s and early 1960s…

Meh, the political left doesn’t pine for any of that. They spout it to hide their real intention: to rob taxpayers fucking blind by making everyone line up to buy favors from them. In short, they think this move will enhance their ability to pick the winners and the losers even more while in the process lining their pockets. gangsters the lot of them.