Fund Your Utopia Without Me.™

16 April 2012

Forget The Buffett Rule! The Reagan Rules Rock!



Music to read by:




 If you drive a car, I’ll tax the street 
If you try to sit, I’ll tax your seat.
If you get too cold, I’ll tax the heat.
If you take a walk, I’ll tax your feet.

Now my advice for those who die:
Declare the pennies on your eyes.




 


“I’m not the first president to call for this idea that everybody’s got to do their fair share. If it will help convince folks in Congress to make the right choice, we could call it the ‘Reagan Rule’ instead of the ‘Buffett rule.’ ...  That wild-eyed socialist, tax-hiking class warrior was Ronald Reagan.  He thought that in America the wealthiest should pay their fair share, and he said so.  I know that position might disqualify him from the Republican primaries these days but what Ronald Reagan was calling for then is the same thing that we’re calling for now, a return to basic fairness and responsibility, everybody doing their part.”

- President Barack Obama, 11 April 2012



Mr President, to quote the late, great Daniel Patrick Moynihan, you are entitled to your own opinion, but not your own facts.   Reagan cut taxes.   When he left office, the top marginal tax rate was 28%.  The 28% was a CEILING.  Your 30% Buffett Rule would put in place a FLOOR.  Under Reagan, someone in the 28% bracket could pay a far lower effective rate.  Under your Buffett Rule, you would put in place a minimum rate of 30% for all of those earning over $1,000,000 - with, possibly, a charitable deduction remaining.

You may not use Ronald Reagan to sell your redistributive, class warfare policies.  He was adamantly opposed to such not only because they were economically counter-productive, but because they appealed to the basest, human emotions and set people against one another.

If Ronald Reagan were alive today, he would probably propose the "President Barack Obama's Secretary's Rule":  Cut your secretary's income tax rate to 15%.

Step aside and learn a few from the Gipper, Barry.  We shall call these The Reagan Rules:

1. Government’s view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.

2. Republicans believe every day is the Fourth of July, but the democrats believe every day is April 15.

3. The problem is not that people are taxed too little, the problem is that government spends too much.

4. The taxpayer – that’s someone who works for the federal government but doesn’t have to take the civil service examination.

5. Our federal tax system is, in short, utterly impossible, utterly unjust and completely counterproductive, [it] reeks with injustice and is fundamentally un-American… it has earned a rebellion and it’s time we rebelled.

6. The federal government has taken too much tax money from the people, too much authority from the states, and too much liberty with the Constitution.

7. We need true tax reform that will at least make a start toward restoring for our children the American Dream that wealth is denied to no one, that each individual has the right to fly as high as his strength and ability will take him.… But we cannot have such reform while our tax policy is engineered by people who view the tax as a means of achieving changes in our social structure.

8. Government does not tax to get the money it needs; government always finds a need for the money it gets.

9. Government is the people’s business and every man, woman and child becomes a shareholder with the first penny of tax paid.

10. Have we the courage and the will to face up to the immorality and discrimination of the progressive tax, and demand a return to traditional proportionate taxation? … Today in our country the tax collector’s share is 37 cents of every dollar earned. Freedom has never been so fragile, so close to slipping from our grasp.

11. I have only one thing to say to the tax increasers: Go ahead, make my day.

12. If I could paraphrase a well-known statement by Will Rogers that he never met a man he didn’t like – I’m afraid we have some people around here who never met a tax they didn’t like.

13. The current tax code is a daily mugging.

14. Common sense told us that you put a big tax on something, the people will produce less of it.  So we cut the people’s tax rates, and the people produced more than ever before.

15. The more the government takes in taxes, the less incentive people have to work.  What coal miner or assembly-line worker jumps at the offer of overtime when he knows that Uncle Sam is going to take 60 percent or more of his extra pay?

16. Every dollar the Federal Government does not take from us, every decision it does not make for us will make our economy stronger, our lives more abundant, our future more free.

17. I am unalterably opposed to Congress‘ efforts to raise taxes on individuals and businesses.

18. We have a big overspending problem, and anybody who thinks we can get out of this crisis by raising taxes is crazy.

19. History shows that when the taxes of a nation approach about 20% of the people’s income, there begins to be a lack of respect for government… When it reaches 25%, there comes an increase in lawlessness.

20.







Related Reading:

Big Government Robs The Middle Class Because That's Where The Money Is!

Give Me Liberty Or Give Me Death...You Can Keep The "Equality"

There Hasn't Been So Much Fire At The White House Since Dolley Madison Saved Some Of Our Most Cherished, National Treasures 

The Non-Existent Stairway To Socialist Heaven In Sweden

Hey, Progs! Wanna Be Like Europe? How 'Bout You Start By Eliminating Estate Taxes?

The Symbolic Presidency

Obama's Neo-Nationalism

Gradually, Then All of A Sudden 

Buffett Rule Fools

Capital Gains Tax Rates Around The World

The Taxman Cometh Differently On Either Sides Of The Pond....Although Probably Not For Long Divide

Axelrod Endorses Romney: "Will You Be Fooled, Again?"

Forget The Buffett Rule! The Reagan Rules Rock!

 

Taxman by George Harrison

Let me tell you how it will be
There's one for you, nineteen for me
'Cause I'm the taxman
Yeah, I'm the taxman

Should five per cent appear too small
Be thankful I don't take it all
'Cause I'm the taxman
Yeah I'm the taxman

If you drive a car, I'll tax the street
If you try to sit, I'll tax your seat
If you get too cold I'll tax the heat
If you take a walk, I'll tax your feet

Don't ask me what I want it for
If you don't want to pay some more
'Cause I'm the taxman
Yeah, I'm the taxman

Now my advice for those who die
Declare the pennies on your eyes
'Cause I'm the taxman
Yeah, I'm the taxman

And you're working for no one but me

 

PS:  If you've ever wondered how Michael Jackson ended up with half of The Beatles' catalogue, then look no further than punitive, British taxation.

 

 

 

 

6 comments:

James Butler said...

ROFLOL..


How true...

8. Government does not tax to get the money it needs; government always finds a need for the money it gets.


Did you come with these 20 points yourself?

Sophie Ro, PHUP said...

No, those are all Reagan. :-)

James Butler said...

BTW,
Another great song...

Your music selection is amazing...




"Let me tell you how it will be...
This one for you 19 for me...
Cause I'm a tax man.... Yeah I'm a tax man..."

James Butler said...

lol...


What a Duh I is... Oh yeah...
Reagan's words...

Well, now I know where to get them...


Thanks...


;-)

Lance said...

What a sharp, sad and telling change in only a generation to have gone from Reagan and our "Shining city on a hill" to "Hope and Change" of Obamanomics.

JTGA said...

A few more for your list

"Government is like a baby. An alimentary canal with a big appetite at one end and no sense of responsibility at the other."
Ronald Reagan

“Our natural, inalienable rights are now considered to be a dispensation from government, and freedom has never been so fragile, so close to slipping from our grasp as it is at this moment.”
Ronald Reagan


and my all time favorite

"Freedom is never more than one generation away from extinction. We didn't pass it to our children in the bloodstream. It must be fought for, protected, and handed on for them to do the same, or one day we will spend our sunset years telling our children and our children's children what it was once like in the United States where men were free."
Ronald Reagan

and one barry and his minions should heed

"Facts are stubborn things."
Ronald Reagan

Keep up the fight!