Tag: Stupid Fiscal Policy is as Stupid Fiscal Policy does

Croney capitalist billionaire wants to stop others from getting rich like him

Say what you want about Bill gates, but as of late he has turned into a giant bag of dicks. The man that managed to successfully create and hold a incestuous monopolistic relationship with big government that allowed the mega corporation he ran to crush competition and make him a fucking billionaire, now in his old age, is basically trying his best to limit membership to the exclusive he belongs to by asking that the bar that keeps the riff-raff out of the new American aristocracy be raised even more.

Never mind the idiotic fact that the crony capitalism of the last few decades that has all but subverted and destroyed the small business industries that used to keep our overregulated and overburdened economy growing by some miracle, is a direct byproduct of big government socialism he tells us we need more of. He pleads his case by calling of all things on the idiotic and discredited big government booga-boo of climate change.

Seriously? Of course they need socialism to cure climate change, duh! In fact, the people that champion this idiotic cult’s teachings were hoping that they could scare everyone else with their doomsday climate change predictions to get even more oppressive socialism that would otherwise never be acceptable rammed down people’s throats.

Don’t be fooled by these mega rich assholes, like Gates or Buffet, whom for some ungodly reason seem to push anti-capitalist bullshit. They do this for personal gain. They know they have enough power and wealth to keep anyone from taking theirs, and they push for more corrupt government control precisely because it will both benefit them personally while making it possible for them to control whom gets allowed in the credentialed aristocratic circle the left has managed to create in this country.

Capitalism died a long time ago, right about the time government inserted itself in the middle of any business transaction between willing participants, through mechanisms that control entry and protect special interests while pretending to be done to serve the public.

Fuck these assholes and the horse they rode in on. What we really need is a culling of the new aristocracy.

Real world intrudes on stupid collectivist’s delusions

My state, “The People’s Republic of Connecticut”, overrun with moochers and other blue staters that have been living large on the work of the few productive, is in dire economic straits now that its government has done what the left always does: mismanage their tax & spend agenda. So now, with skyrocketing taxes and an orchestrated class warfare campaign backfiring on them they are worried about the super rich moving:

“There are probably a handful of people, five to seven people, who if they just picked up and went, you would see that in the revenue stream,” said Kevin Sullivan, the state’s commissioner of the Department of Revenue Services.

I hope these people move. Even if the collectivists that are running the place into the ground would then just solve the problem by jacking up taxes on the middle class, yet again. It would be worth watching their anguish. How dare people do what is in their best interest when collectivists with their own idiotic agenda want things from them? And I bet that everyone of these super rich are democrat donors and voters. Fucking idiots.

Deja Vu of collectivist stupidity

I admit I didn’t even bother watching the freak show, because I figured it was going to be more of the same, and I was not disappointed. From what I have read and seen now, I can tell that the man is just full of shit, talks out of both sides of his mouth, has a forked tongue, again showed why he is a narcissistic a-hole, by peddling the same trope the left has been peddling for decades: envy and jealousy. Pathetic.

The Washington Times points out that he calls for civility, then taunts. What’s new about that? I mean this has been the guy for 7 years. The Weekly Standard points out that in typical democrat fashion Obama attacks campaign donations, then proceeds to ask for them. The fact that these people that cry the loudest about the evils of donations – but specifically donations to their opponents – isn’t either new or news. These are after all the people that usually want to ban corporate money but see no problem with union money. They are also the people that denigrate and attack the rich, but get the most money from them and as the last 7 years show. do the things that make those rich people richer. The Washington Times also points out that in typical petulant child fashion, Obama managed to tell those evil republicans that just won the last electoral cycle with massive popular support that he was going to take his ball home if they didn’t let him win the game. This has been president “I won”, after all, and by now everyone should know that when they talk about working together or bipartisan efforts, democrats always mean “do what I want”.

This thing was such a snooze fest of the usual collectivist trope that even Ruth Bader Ginsburg seems to have nodded off. There were some highlights though. The Examiner points out that while Obama touted the left’s “War on Womenz” meme and again talked about the pay disparity, that the misleading and false statistics they usually use to back their cherry picking up was not repeated this time. Maybe this had something to do with that. Obama had so much good to say about our clearly broken secondary education system, but that is because, as Glen H. Reynolds has pointed out repeatedly, these institutions are one of the collectivist’s biggest donor blocks.

Fox News does a good job explaining what we saw, and that was that after this last electoral cycle’s shellacking, Obama went back to the usual democrat talking points. More class warfare – preying on the envious and the jealous works – and more taxing the productive and spending to buy votes from those that vote for a living, because that serves the country so well. Basically we got another “Give me your votes and I will give you free shit” donkey speech. Old and tired shit. If you like me just parodied what you expected an old collectivist twit would say and then watched something else, you didn’t miss much and were probably dead on.

Obama has managed to make my predictions that democrats in power would by their very actions sooner than later make sane people realize they are nothing but snake oil salesmen robbing Peter to pay Paul, while bagging a huge chunk of that change, back when everyone was talking about evil rethuglicans and Boosh, come true, and then without a shadow of doubt. I would love to rub it in people’s faces, but then again, when I look at the path of destruction these crooks have left in their wake, I don’t find much pleasure even in that.

What’s the definition of insanity again?

My best take on that is the failures of Keynesian economics, and the fact that the left, constantly enacting economic growth crushing, marxist wealth redistribution class warfare schemes and scams, soul sucking legislation and policies, by fiat these days, has decided that the cure for the damage these ludicrous divide & conquer opportunities to waste and steal tax payer money cause, is to piss away even more tax payer money.

Federal Reserve Chair Janet Yellen made it clear she believes the economy still requires a strong dose of stimulus five years after the recession ended because unemployment and inflation are well short of the Fed’s goals.

“A high degree of monetary accommodation remains warranted,” Yellen said today in testimony to the Joint Economic Committee of Congress. “Many Americans who want a job are still unemployed,” and inflation is below the central bank’s 2 percent target, she said.

Yellen highlighted weaknesses in the labor market, such as the number of long-term unemployed, even as the economic outlook improves. The Treasury market yield curve steepened after her comments tempered expectations among some investors for a faster pace of interest-rate increases.

“She wants to reiterate that there are still challenges, we’re not out of the woods yet, and it’s too early to think about starting to remove accommodation,” said Michelle Meyer, a senior U.S. economist at Bank of America Corp. in New York. “She put the labor-market recovery in historical context, which is that there are still a lot of scars left from the incredibly deep recession.”

I wish these fucking retards would admit that these “challenges” are the direct results of their class warfare, wealth redistribution policies, the most damaging one right now, by orders of magnitude compared to the shit done to appease the AGW cultists by the EPA or the small business crushing regulations of Dodd-Frank that do nothing to prevent yet another such lending collapse, being Obamacare. So the damage caused by failed wealth redistribution policies and government, in general, pissing away billions, is to piss away more billions. It’s like nobody remembers the years after the 1929 crash, where similar Fed policy dragged out the recession for decades, until WWII saved the US economic bacon.

All that pumping by the Feds accomplishes is to delay the inevitable, while allowing the Feds to hide how economically ruinous the policies of the last 6 years have been. It creates an artificial sense of well-being by keeping the markets fooled and hiding inflationary effects. In the meantime the dollar keeps losing value, reflected in the fact that while the value our investments have supposedly gone up, the purchasing power has gone down, by more, and the national debt keeps growing by at least a billion each year. The obvious larding of the campaign coffers and personal bank accounts of various democrat politicians and their family members, their close and connected friends and interests, and any organization that helps benefit the hold of the democrats on power, however is taboo to mention. But there is an election to steal soon, and the democrats need as much cover as they can get before then. The cost to the tax payers or America in general, be damned.

Cause and effect 101

Human nature being what it is, when people are told they will be abused and used, they react accordingly. Of course, they are EBIL for doing it:

In the 2009-10 tax year, more than 16,000 people declared an annual income of more than £1 million to HM Revenue and Customs.

This number fell to just 6,000 after Gordon Brown introduced the new 50p top rate of income tax shortly before the last general election.

The figures have been seized upon by the Conservatives to claim that increasing the highest rate of tax actually led to a loss in revenues for the Government.

It is believed that rich Britons moved abroad or took steps to avoid paying the new levy by reducing their taxable incomes.

George Osborne, the Chancellor, announced in the Budget earlier this year that the 50p top rate will be reduced to 45p from next April.

Look, nobody wants to be fleeced. Even what you would consider the not rich guy would get pissed when they are the one targeted by the nanny-staters. For some reason however, and it is well known with collectivists what that reason is, too many of these people have no problem when government tells them they plan to fleece others. Especially if the targets are the people they envy and are jealous of.

Want to know what the lesson here that the left will draw? They need to pass laws that prevent these evil rich sheep from doing things that prevent them from being easy targets. After all, paying more is their obligation! Greedy bastages! How dare they!….

Yeah, sure. In the mean time, the move has ended up costing them money instead of increasing their revenue. Go figure. Who could have predicted that?