Van Helsing over at RightWingNews hit the nail on the head with this one, here’s a clip:

Say Group A works hard and has created $1 trillion in wealth out of nothing. Group B smokes crack and watches Oprah, and doesn’t create any wealth at all. It receives food stamps, welfare, subsidized housing, et cetera, ad nauseam, but say Group B has no more wealth than it creates. If Chairman Zero wants to spread the wealth around so that both groups have the same amount, he doesn’t have to take half a $trillion from Group A. All he needs to do is give Group B $1 trillion dollars that doesn’t exist in the form of mortgage bailouts and stimulus packages.

Since the money doesn’t exist, the government will have to print it. Instead of $1 trillion dollars, there is now $2 trillion that represents $1 trillion of actual wealth. By making money worth half as much, Obama has effectively seized half of what Group A worked to create.

DMobile Economic, Values Bailout, coup, marxism, Obama, redistrubution, socialism

Many people these days are calling for higher taxes on the upper income earners to help offset the growing social needs of the citizenry. They feel that “the rich” need to pay their “fair share”, and it’s up to Congress to soak them for all they’re worth. Nevermind that the upper 5% of income earners shoulder 39% of the total tax revenue, as long as they still have a penny left over at the end of the year, someone needs to take it away from them. But let’s think about what this REALLY does.

Bill Gates earns, approximately, $2 billion annually. Let’s say we jack up his tax rate by an extra 10%. A $200M tax increase on Bill Gates means an extra $0.61 to each American, ASSUMING zero administrative cost of redistributing the wealth. With and extra 61 cents, most people will super-size a happy meal or buy a lottery ticket, or do something frivolous. With that extra $200M, Bill Gates could start a new hospital, employing 1,000 people, and adding billions of dollars to the economy in the form of created wealth - wealth from which he, too, could profit, if he runs his investment well.

Instead of working to increase the taxes on the rich, if we’re so concerned that they’re not paying their shares, why not mandate that they invest that money in startup firms that create jobs and help the community. (Like hospitals, private schools, and so forth.) The competition from all these forced-investment properties will drive the prices of the services that they offer down, which will be good for consumers. They’ll create new jobs. The money won’t disappear into some government tar pit. And they might even end up turning a profit for the erstwhile taxpayer - something his taxes would never have done. We mandate that they invest, say, 5% of their net income each year to funding startups, and we’ll start to see an explosion of wealth and new business like we’ve never seen. Observing Europe, we can see that increased government intervention leads to economic stagnation and double-digit unemployment. Let’s see what happens when we empower millions of Americans to start their own businesses each year.

If the people trying to take the money from the rich were really, honestly, trying to do something abuot poverty and equality, this is what they’d be proposing. However, it’s all about stealing from the productive to increase the size and bloat of the government.

[editor's note:  Thanks Mike.  We love hearing from you and thank you for you contributions and support]

About Vegas Mike:  Mike is a fantastic American with a great love of liberty and freedom.  While we often cringe at his radical ideas for proposed implementation, we completely agree with his ideals of limited government, personal liberty, and free trade.

DMobile Economic, Values Capitalism, Libertarian, Taxes

Stupid.

There, I said it.  I tell my 4 year old not to use that word, and I seldom say it out loud, but there’s just no other word that fits this situation.

Everyone including President Obama, the major media outlets, my coworkers and most of congress are talking about the tragedy of the recent home foreclosures.  Not just that, they’re (even some GOP senators) talking about how something “must be done” to help keep people in their homes.

We can all agree how sad it is to lose your home; I personally came very close in 2001 after the dotcombomb but that’s a different story.

Here’s the problem with nearly every one of the sob stories that get paraded in front of us non-stop by our loving 24-hour news cycle:  They nearly all have variable rate loans.

Yup, maybe one out of 20 stories is about someone who lost a job or something, but nearly every one of them is about someone with a variable interest rate mortgage that has now adjusted up out of reach of their income, and the home has dropped in value so they cannot refinance to a lower payment. 

Here’s the problem with that:  If you needed the low variable rate to afford the home – you couldn’t actually afford that home.

I’ll repeat that in case you didn’t hear me:  If you can’t afford the fixed rate loan, you can’t afford the house.  Period.

So what do we call someone who can’t afford the real payment, but takes the low introductory payment with no idea what they’ll do when it matures? 

Irresponsible? Short-sighted? Long-term planning ability disabled? Unable to read or find a source of information or even ask someone older who owns a home so we’ll listen to the shady realtor trying to make some quick money syndrome?

Don’t let my kid hear, I think “stupid” will do just fine.

UPDATE:  Heres a great article by Michelle Malkin detailing some specifics of recent sob story mortgage “victims”

DMobile Economic irresponsible, mortgage crisis

In 2006 we were told by Nancy Pelosi and the new Democratic controlled Congress that they would get things done. They would work with Republicans for the good of the nation. They would end corruption once and for all. They would be transparent and work for the people. None of that took place and as a matter of fact it was the exact opposite. More corruption came out of the Democratic Party after 2006 than in recent years. Congress did nothing except name a bunch of Post Offices after a known KKK member and lion of the Democratic Party - Robert Byrd. The “Do-Nothing Congress” is amply named. And since 2006 our nation has gone straight down the toilet. I’m not blaming only Democrats. Republicans sold out their COnservative beliefs and spent, spent, spent, like their name was Bill Clinton. Bad move. Regardless this Congress has done NOTHING to bring the nation together. NOTHING.

Now comes Barack Obama. Straight from the heavens above! He promises to end corruption. He promises to be bi-partisan. He promises that no lobbyists will be in his cabinet. So what happens? He appoints lobbyists, he has members of his team resigning in disgrace because they are tax cheats, they put out this stimulus bill that will not stimulate ANYTHING and refuse to take in Republican ideas on it. They won so too bad for the Repubilcans! Way to be bi-partisan.

Does anyone care that the White House has taken the Census away from the Commerce Dept and moved it to the White House? Anyone even understand why they would do this? They are trying to change the electoral map! This is an outrage! Senator Gregg is going to be confirmed to be Sec. of Commerce and he’s a Republican so the White House takes away one of his most important jobs. This is a disgrace.

Is anyone aware of the wasteful spending in this new stimulus bill that is supposed create jobs and save the economy. They talk about creating these jobs in construction to fix bridges, roads and other infrastructure…wonderful. Those jobs wont last. When the job is done, you are laid off. Those are not permanant jobs. One of the items in the bill is an 88 million dollar plan to construct new schools in Milwaukee when there are 15 vacant schools already!!! WTF?!?

$150 million dollars to livestock insurance to cover honeybees and fresh fish??? Thats stimulus? That creates jobs for the middle class and lower class? This will help the economy? The worst thing is that Obama is walking around LYING to everyone and saying there is no pork and earmarks in this bill when there IS. How dare these people lie to us. They are stealing our money and telling us one thing while doing another. And the people walk around like zombies saying “OOOO Baaaaaa Maaaaa, OOOOO Baaaaaa MAAAAAA” WAKE UP ZOMBIES! They say this is an emergency and if we dont take action now then we will be up shits creek! Well than why are they loading up all this pork into the bill? Its like Al Gore saying the planet is dying and then adds to its death while asking the rest of us to stop. WTF is going on here???

$350 + million for education on sexually transmitted diseases. Great idea…how does that create jobs? How does this help the economy?

$650 million for coupons to help people switch to digital tv?!??!?! WTF?

$150 million for renovations to the Smithsonian. WTF!?!?!?

$70 million to help people to stop smoking. Great intentions but how does this help the economy?

Thats just a few of the items in the bill! This bill is almost $900 BILLION DOLLARS of guess who’s money? OURS! Not the Governments. Obama’s admin already has proven they dont pay taxes.

They say they are going to give tax cuts to everyone. Well what about the people who do not pay taxes? They will get a check in the mail for absolutely nothing. What is that? Sounds like WELFARE to me.

They cry about the deficit we are in but they want to spend their way out of it. How is that possible? The government needs to STOP SPENDING.

Oh and to top it all off, the Obama admin is going to cut Defense Spending by at least 10% and as much as 25%. We are in the middle of a war against terror. China and Russia are developing their weapons. Obama is taking apart ours. He is AGAINST the missile defense system that would prevent a missile from hitting a city in our nation. WTF?!?!!

To top it off they rushed this bill through and did not give anyone a chance to read it first! Its high time that the people of this nation know what is going into these bills before they are signed into law. It is unacceptable that these elected officials can insert nonsense into a bill without anyone knowing what was done.

Ok…let me stop….enough is enough. You get the point…or do you? I know a few of you do. But most of you dont. Obama lied. People were duped. I thought it would have taken a few years to expose this radical group of individuals who are taking over this country but as Charles Krauthamer said it only took a couple of weeks.

Obama has failed us already.

mzev44 Economic, Patriotism, Policies, Political, Values

mzev44 Patriotism, Policies, Political

Please someone tell me that I am not bugging out here. Is this true? The money that they are going to use to help the people with their mortgages is coming out of taxpayer dollars. I am a taxpayer. I purposely have not tried to purchase a house because I knew I could not afford it yet. I have lived in a 1 bedroom apartment with my wife and daughter. There is not much room here. My daughters toys are everywhere. But I did not just jump at the chance to get a house because I knew I would be given a loan.

So now I have to allow my taxes to be used to pay for someone else who KNEW they could not afford a house and for whatever reason they want to cry about they purchased a house. They’ll say they were lied to or the bank duped them. I say it was the Community Re-Investment Act that started this whole problem but that should be ignored by everyone right?

Today they will take my money and use it to help someone else pay for their house. Where is my bailout? What if I get behind in my rent? Will I be bailed out? I work hard for a living. I give back to my community. I help at-risk youth get off the streets in NYC and into skill building programs to help give them options for a better future. If things get tough for me, the government will not help me. I know this for a fact. And you wanna know what? I dont want their help. I was once poor and living in a really bad situation. I got myself out of it by personal responsibility and accountability. Its not a tough concept. Someone should teach the current leadership of our government something about it!

I am disgusted.

mzev44 Patriotism

http://www.ny1.com/content/top_stories/94282/nyu-students-protest-lack-of-disclosure/Default.aspx

These young people, who have been trained by their hippie bleeding heart liberal parents, have barracaided themselves in the school cafeteria here in NYC. They are demanding the University to give up information about the finances the school has including the salaries of the Professors! They also want more scholarships for people from Gaza.

Here is a simple solution:

Tear gas, cops in riot gear, and permanent expulsion from school….after a month or 2 in jail.

Losers.

mzev44 Patriotism, Political, Values