Stuff My Brain Says #37

Wait. Either it is, or it isn't. On one hand we have the coveted "Buffet Rule" (an increased tax percentage on the so-called "wealthy") that is being touted as truly fair by our President. You see, according to the Buffet Rule, wealthy people are not paying enough in taxes and it's not fair - so says Warren Buffet, the one for whom the bill is named. On the other hand, we have people like Senator Charles Schumer (D-NY) and Senator Robert Casey (D-PA) who want to make it so that any person with a net worth of over so much who leaves the country and renounces their citizenship as having left PRIMARILY for tax reasons, and bar them from ever returning to the country. You see, there is a gentleman named Eduardo Saverin (a co-founder of Facebook) who is doing that very thing. Wait. I thought all wealthy people felt they didn't pay enough in taxes and should pay more. Why would anyone want to ever leave this country based on paying too much? Which way do you want it? Either they want to pay more or they don't. It can't be both.

© Emittravel 2012

Stuff My Brain Says #35

Currently, President Obama is pushing for his "Buffet Rule" - a minimum tax rate upon the wealthy. He said that they were not paying their fair share. That's right, with about a $5 Billion/year estimated influx of cash to our oh-so-financially-trustworthy government, the concept is nothing but a gimmick. In other words, just a little class (envy) warfare in an election year. He says it's all in the name of fairness. I say that is a LIE. Mr. President, if you really want to spew such rhetoric with a straight face, how about, in the name of fairness, make the 47% of Americans who pay NO income tax pay their share? That would validate your (faux) sincerity and bring in much more to the coffers than the "Buffet Rule".

Oh, wait. I'm sorry. I forgot: this is an election year. You don't want to piss off all of those folks living off the government (in other words, receiving the benefits of this nation without the same sacrifice as the rest of us) now would you?

© Emittravel 2012

Stuff My Brain Says #33

I really would not have a problem with paying taxes if the government was a better manager of my money. And I'm not alone in this. Think about it: why do the "wealthy" spend so much time and money AVOIDING taxes? Because they KNOW what a lousy investment the government is! That is one of the main reasons I laugh at people like Warren Buffet who say that the wealthy don't pay enough - HE takes every tax loophole available! Because Warren Buffet didn't become Warren Buffet by throwing his money away with bad investments.


Get a clue Washington. You want more tax revenue? Jesus said it best: "Whoever is faithful with very little is also faithful with a lot, and whoever is dishonest with very little is also dishonest with a lot. So if you haven't been faithful with unrighteous wealth, who will trust you with true wealth?" Luke 16:10,11

© Emittravel 2012

Stuff My Brain Says #6

Posted as a comment concerning Warren Buffet and Bill Gates discussion on why taxes are too low for the wealthy:

These guys are a joke. If they would just take the standard deductions they would pay more in taxes, but they don't. They use all the available write-offs and loop-holes available. So, they are saying that the only way to get them to pay more in taxes is to have the government FORCE them? Hypocrites. How about just writing a bigger check, or declining any refunds?

And mathematically their argument does not work. If you take all of their wealth, not just their income but sell everything they own, and give it to the government, it wouldn't fund it for four months. THEN where do you go to get the money? It's not an income problem, it is an outgo (spending) problem. When the government consistently spends more than comes in, no amount of income will fix it.

An old saying: When your outgo exceeds your income, your upkeep becomes your downfall!

© Emittravel 2011