“No Man’s life liberty or property is safe while the legislature is in session”.

- attributed to NY State Judge Gideon Tucker

Wednesday, December 29, 2010

Howard Dean's Taxation Delusions On CNBC

I happened to view an exchange this morning on CNBC between former CBO head Douglas Holz-Eakins and former Vermont governor and DNC chair Howard Dean. It was most illuminating.

In a discussion regarding fiscal responsibility and tax policies, Dean railed against 'giving tax cuts to the rich' while borrowing the money for them from China.

It was truly laughable that Dean didn't see the warped perspectives embedded in his comments. To wit, Dean, being an uber-liberal, naturally assumes all of your income is, in reality, the government's. Letting you keep any of it is a gift for which you should be on bended knee, kissing the feet of your political masters.

Thus, letting you keep any more of your income than you already do, while liberals- and conservatives- spend more than the government collects in taxes, and cover the difference by borrowing from our enemies, like China, is considered folly by said uber-liberals, Dean included.

When confronted by co-anchor Joe Kernen and Holz-Eakins with the reality that soaking the income of the upper percentiles of income-earners still only generates about $94B, assuming no changes by said wealthy in declared income, against the trillions in deficits, Dean only continued to wail that we were borrowing from the Chinese to 'give tax breaks to the rich.'

Standard far-left stuff, but ludicrous when contrasted with the fact that all of the incomes of the wealthy still won't make a dent in the spending binge on which our liberal Democratic Congress and Wonderboy have been.

If you think about it, aren't our wealth-transfer payment programs the ones which are deemed 'non-discretionary' and breaking our budgets? Social Security, Medicare, Medicaid, and related transfers, enacted with no global or macro budgetary conditionality? As communal, unlimited spending pots, the withdrawals from which are on individual eligibility bases, not apportioned and pro-rated based upon budgetary limitations?

It's ridiculous! Thanks to Congressional idiocy in the 1930s and 1960s, we've elevated the poor and destitute ahead of every other need of our Republic. They never are required to share in the economies and belt-tightening shared by our other national governmental spending and taxation realities.

I don't think I've ever seen so clear a picture of the nonsensical liberal ethos and belief system than in Howard Dean's hysterically comical attitude and comments this morning on CNBC. It was straight out of Socialism 101.

'All income belongs to the people. The government is the people. The poor receive first consideration for spending by the government, on behalf of the people, i.e., the government.'

The actual value-producing income-earners are simply presumed to be fatted cattle to be milked and, in time, through death taxes, slaughtered for the benefits of the non-working and/or poor.

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