tag:blogger.com,1999:blog-1592992209402300549.post4510914728760226830..comments2024-03-29T09:08:47.702-04:00Comments on The Silicon Graybeard: Elizabeth Warren's Bad, Stupid, Unconstitutional, IdeaSiGraybeardhttp://www.blogger.com/profile/00280583031339062059noreply@blogger.comBlogger21125tag:blogger.com,1999:blog-1592992209402300549.post-91399530067528167902019-10-30T03:14:16.651-04:002019-10-30T03:14:16.651-04:00This comment has been removed by a blog administrator.midnhttps://www.blogger.com/profile/14582576902164271268noreply@blogger.comtag:blogger.com,1999:blog-1592992209402300549.post-54939817375376562312019-10-20T11:20:49.786-04:002019-10-20T11:20:49.786-04:00This is a no spam zone. Begone! This is a no spam zone. Begone! SiGraybeardhttps://www.blogger.com/profile/00280583031339062059noreply@blogger.comtag:blogger.com,1999:blog-1592992209402300549.post-46311657359467320062019-10-20T06:01:46.601-04:002019-10-20T06:01:46.601-04:00This comment has been removed by a blog administrator.theloveandlightstorehttps://www.blogger.com/profile/00086689310267905234noreply@blogger.comtag:blogger.com,1999:blog-1592992209402300549.post-18052797196101069522019-10-20T06:01:17.892-04:002019-10-20T06:01:17.892-04:00This comment has been removed by a blog administrator.theloveandlightstorehttps://www.blogger.com/profile/00086689310267905234noreply@blogger.comtag:blogger.com,1999:blog-1592992209402300549.post-36229349006248818112019-10-19T11:34:49.393-04:002019-10-19T11:34:49.393-04:00Yes, but we'll be fair about it: They'll a...Yes, but we'll be fair about it: They'll all only be taxed at 1/1024th of a percent.Aesophttps://www.blogger.com/profile/07834464741531503378noreply@blogger.comtag:blogger.com,1999:blog-1592992209402300549.post-33420794165191109592019-10-18T16:49:11.838-04:002019-10-18T16:49:11.838-04:00CA has already taken a run at this sort of taxing....CA has already taken a run at this sort of taxing. During dot.com days they passed a 10% tax on income over $1M, after seeing that there were 18k people in that bracket. That was in addition to the 9+% they already were hit with. 1/3 of them instantly bailed out of CA, taking that money, and whatever businesses that were portable, with them.<br />Starting a few years later, probably to gather a new crop of idiots/legislators, they attempted to add to that tax every couple of years. Last year, they added another 3%, and at least 800 of the remaining high tax payers bailed. Evidently, a politician's memory is only good for one session, maybe two.Willhttps://www.blogger.com/profile/00722792638246578812noreply@blogger.comtag:blogger.com,1999:blog-1592992209402300549.post-75126210173495798852019-10-18T16:27:47.588-04:002019-10-18T16:27:47.588-04:00I have read that the clowns that did that income t...I have read that the clowns that did that income tax bill didn't bother to make that 3% a maximum amount because they couldn't imagine the .gov needing more than that. Bwahahahahahah!!!!Willhttps://www.blogger.com/profile/00722792638246578812noreply@blogger.comtag:blogger.com,1999:blog-1592992209402300549.post-16114807432016932552019-10-18T15:15:51.488-04:002019-10-18T15:15:51.488-04:00Does this apply to corporations as well? If so, d...Does this apply to corporations as well? If so, does it apply to, say, the Cherokee Nation?Borepatchhttps://www.blogger.com/profile/05029434172945099693noreply@blogger.comtag:blogger.com,1999:blog-1592992209402300549.post-16819006023054187732019-10-18T14:46:17.465-04:002019-10-18T14:46:17.465-04:00To the left and indeed to virtually all politician...To the left and indeed to virtually all politicians the Constitution is AT BEST a relic, a curiosity to be ignored. The ONLY way they obey it is at <br />gunpoint.Dannoreply@blogger.comtag:blogger.com,1999:blog-1592992209402300549.post-69364819760519027882019-10-18T13:27:39.750-04:002019-10-18T13:27:39.750-04:00One of the things having oodles of wealth gives yo...One of the things having oodles of wealth gives you is options. For a hundred million or so, I suspect you could buy an Island somewhere and set up a sovereign government, or just buy an existing country. Sell your assets, close your businesses, move offshore and tell Fauxchahontas to stick it. You could even set up your country as a haven for your fellow moguls and sell them citizenships and make some extra coin. Of course the transfer of that much wealth from the US would collapse the economy. All of this would happen before President-elect Warren (g_d I hate typing that) is inaugurated.Nuke Road Warriorhttps://www.blogger.com/profile/01122662466990452477noreply@blogger.comtag:blogger.com,1999:blog-1592992209402300549.post-30634139041426769402019-10-18T12:34:34.775-04:002019-10-18T12:34:34.775-04:00Problem is, they have been stealing with great eff...Problem is, they have been stealing with great efficiency since 1913, as you so eloquently point out. And your figures are correct regarding real inflation, I was using the .Gov numbers for expediency to show a example of how the tax slides down the scale from the 1%.. But we have done nothing. Ever actually try to explain inflation to someone? <br /> Ignorance in action -<br />I like to watch the "Antique Roadshow " episodes where they compare valuations from 20 years ago to today- hilarious- "wow, my widget is worth twice what it was ! What a great investment". And people seem to swallow this stuff. Inflation has been the greatest theft in the history of the US, and no one cares. boiling pot syndrome? Or just mathematical ignorance? <br />ravennoreply@blogger.comtag:blogger.com,1999:blog-1592992209402300549.post-32608021098289996162019-10-18T11:03:18.700-04:002019-10-18T11:03:18.700-04:00But their pressing hurry to disarm the peasantry g...But their pressing hurry to disarm the peasantry gives away their Venezuelan economic plans for us.<br />We're not <i>campesinos</i>.<br />This will not turn out like they think it will in their fever dreams. But communism will prove fatal - for the carriers of the virus.Aesophttps://www.blogger.com/profile/07834464741531503378noreply@blogger.comtag:blogger.com,1999:blog-1592992209402300549.post-56511635250047872072019-10-18T11:00:56.645-04:002019-10-18T11:00:56.645-04:00Uh huh.
But Smaug's got nothing on what I'...Uh huh.<br />But Smaug's got nothing on what I'll do if someone thinks to come after my hoard, thankyouverymuch.<br />Killing everyone who tries it and burning down their towns will be just for openers.<br />The women and children after that will be cocktail hors d'oeuvres.<br />"<i>That smell! That napalm smell...<br />Nothing else smells like that.<br />It smells like...victory.</i>"Aesophttps://www.blogger.com/profile/07834464741531503378noreply@blogger.comtag:blogger.com,1999:blog-1592992209402300549.post-85920680701265645022019-10-18T10:57:03.500-04:002019-10-18T10:57:03.500-04:00"2500 a year in 1913 is around 65,000 today&q..."<i><b>2500 a year in 1913 is around 65,000 today</b></i>"<br /><br /><i>Au contraire.</i> Not even close.<br />Conservative-schmervative, let's try using the actual standard.<br />That would be a <i>GOLD</i> standard.:<br /><br />In 1913. Gold was set at $20.67/oz, as it had remained virtually unchanged since pre-Civil War years(1829-1861, and again from 1879-1932, with the blip being post-Civil War inflation). It was $19.39/ounce most years from 1791-1832, with another brief rise for inflation after the War of 1812.<br /><br />{https://www.measuringworth.com/datasets/gold/}<br /><br />That means an income of $1296/yr in 1913 (the avg. income then) was = to 62.7 ounces of gold.<br />Such an income today would be $94K+/yr.<br />$2500/yr in 1913 would be $181K now.<br />{That's with gold selling at a nominal US$1500/oz., recently}<br /><br />If you aren't seeing average salaries that high, let alone <i>your</i> salary, you've just noticed how worthless your paycheck actually is under fiat debtbux.<br /><br />$2500/yr <i>now</i> was an income of $30/<i><b>year</b></i> in 1913.<br /><br />That's how far down the poverty scale they've been taxing people.<br /><br />Torches, pitchforks, and tumbrel carts would seem to be in order.<br />And a handy hank of stout rope.Aesophttps://www.blogger.com/profile/07834464741531503378noreply@blogger.comtag:blogger.com,1999:blog-1592992209402300549.post-27850449005375224442019-10-18T10:42:04.938-04:002019-10-18T10:42:04.938-04:00That's an optimistic view. I just see the mil...That's an optimistic view. I just see the millions of communist wannabe "yutes" electing her so they can confiscate that money. Look at that twit I talked about the day before with the word Billionaire being "the name for a human dragon sleeping on his piles of rubies and gold." <br /><br />Anyone rich is just Scrooge McDuck swimming in pools of gold coins or Smaug the dragon sleeping on his piles of rubies and gold. <br />SiGraybeardhttps://www.blogger.com/profile/00280583031339062059noreply@blogger.comtag:blogger.com,1999:blog-1592992209402300549.post-26292824792432157582019-10-18T10:35:46.551-04:002019-10-18T10:35:46.551-04:00Although everything stated is true, I'm not wo...Although everything stated is true, I'm not worried.<br /><br />Were Fauxcahontas accidentally elected, and somehow proposed such a law, let alone got one of her fellow communists to actually write it, the hail of incoming gunfire on D.C. at that point would make an A-10 squadron airstrike pale in comparison.<br /><br />The idea that Lieawatha, let alone any sitting government, would think they could come after my $100 in my pocket this year, then take another whack at my remaining $98 next year, on and on in perpetuity, is taxation of the sort that got the Sheriff of Nottingham's men dissuaded at arrow-point, and worse than any scheme that ever toppled a banana republic since Columbus found Hispanola just sitting there minding its own business.<br /><br />And Benedict Arnold and Vidkun Quisling would have company. In Hell.<br />The IRS buildings would be a ghost town, with badges and empty suits sitting on the desks, and a trail of middle-aged office workers fleeing home in their underwear, before the peasantry looted and burned the buildings for all time, like Germans entering Stasi HQ after the Berlin Wall came down.<br /><br />These people think the sheep will serenely stand still for fleecing, then jump into the stew pot too.<br />They'll find out a minute late they're trying to fleece badgers and wolverines. It's a mistake they'll regret but once, for the rest of their brief lives thereafter.Aesophttps://www.blogger.com/profile/07834464741531503378noreply@blogger.comtag:blogger.com,1999:blog-1592992209402300549.post-68760792116465447322019-10-18T09:22:05.759-04:002019-10-18T09:22:05.759-04:00Frequently stated as "you've got to have ...Frequently stated as "you've got to have a Ph.D. to be that stupid". Speaking of which, have you seen that insanity they call "modern monetary theory"? That's another professor who's Bernie Sanders' advisor.SiGraybeardhttps://www.blogger.com/profile/00280583031339062059noreply@blogger.comtag:blogger.com,1999:blog-1592992209402300549.post-38331846630253405442019-10-18T09:18:57.327-04:002019-10-18T09:18:57.327-04:00BTW, anyone who thinks this idea will remain at 50...<i>BTW, anyone who thinks this idea will remain at 50 million is a F-I.</i><br /><br />Absolutely right. As you say, they promised the income tax would only be a tax on the rich and it would be that 1% you cite. Which turned into 90% by about 1960. <br /><br />Along the same lines, you may have noticed she absolutely will not say her "medicare for all" program won't raise taxes; just that in some magical way everyone's total expenditures will go down. I take that to mean your taxes go up but your out-of-pocket cost at the doctor will go down. <br /><br />Sorta like "if you like your plan you can keep your plan" or that "save $2500/year" lie. <br />SiGraybeardhttps://www.blogger.com/profile/00280583031339062059noreply@blogger.comtag:blogger.com,1999:blog-1592992209402300549.post-6711906419510862702019-10-17T23:12:48.318-04:002019-10-17T23:12:48.318-04:00"There is no idea so stupid that it won't..."There is no idea so stupid that it won't find traction in academia."<br />Tom S.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1592992209402300549.post-62944962251830682182019-10-17T22:27:23.421-04:002019-10-17T22:27:23.421-04:00I wonder how many RPG's one billion dollars wo...I wonder how many RPG's one billion dollars would buy. That is the end scenario here- most people with big money worked their ass off for it, and it will be an act of war to try to steal it from them. <br /><br /> BTW, anyone who thinks this idea will remain at 50 million is a F-I.<br />Ever look at the original 1913 income tax form? One page, IIRC, the tax rate was about 1 or 2 percent for incomes over 500,000, rising to 3 percent or so for incomes over 1 million. I gotta tell ya, one million dollars was a boatload of coin in 1913. If the common folk aka deplorables had been told that level of taxation would descend to those making 2500 dollars a year, and a rate of 40 percent, they would have strung up the entire congress.<br /><br /> (With a conservative AKA US.GOV number, 2500 a year in 1913 is around 65,000 today. )<br /> Arguably, envy is the most corrupting sin.<br /> ravennoreply@blogger.comtag:blogger.com,1999:blog-1592992209402300549.post-79404482138833548902019-10-17T21:06:30.907-04:002019-10-17T21:06:30.907-04:00It appeals to loathsome parasites, as I said yeste...It appeals to loathsome parasites, as I said yesterday. If we have any desire whatsoever to help them reform their concepts (as opposed to simply shooting them), we have to stop rewarding their basic instincts to beg and whine and contribute nothing, nada, zilch, zero to society.Malatropenoreply@blogger.com