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Guest Post: Boiling Frog Alert: Congress Wants Automatic Wage Deductions To Pay Down The Debt
From Simon Black of Sovereign Man
Boiling Frog Alert: Congress Wants Automatic Wage Deductions To Pay Down The Debt
Folks… you just can’t make this stuff up.
On July 6th, just two days ago, at least a dozen busybody Congressmen sponsored the introduction of HR 2411, the “Reduce America’s Debt Now Act of 2011.”
They always come up with fantastic names for these pieces of
legislation… and rest assured, the better/more patriotic the name, the
more ominous the bill. This one follows the pattern.
HR 2411 states that every worker in America should be able to
voluntarily have a portion of his/her wages automatically withheld and
sent directly to the Treasury Department for the purposes of paying down
the federal debt.
“Every employer making payment of wages shall deduct and
withhold upon such wages any amounts so elected, and shall pay such
amounts over to the Secretary of the Treasury…”
That’s right. Uncle Sam is so broke that he wants to give all the
good little Americans out there the opportunity to contribute an even
greater portion of their paychecks to finance government largess.
Desperate? Hmmm…. Don’t worry, it gets better.
Obviously, if an employee feels so compelled and should elect to have
a portion of his/her paycheck withheld, the onus of responsibility is
now on the employer to make it happen. The employer has to do all the
paperwork, withhold the money, send the payment to the Treasury,
maintain the account records, and probably submit to all kinds of new
filing requirements.
You can imagine that, if passed, the bill will result in a host of
new IRS regulations, complete with a battery of penalties for employers
who don’t fill out the paperwork properly, submit filings on time, or
make some administrative mistake.
Think about it: if a small business owner has one single employee who
is dumb enough to think that it’s his patriotic duty to pay down the
debt and decides to contribute $1/month, that owner will have the
responsibility for all kinds of new forms and filings, plus submit to
new ‘debt reduction audits.’
But don’t worry, it gets even better.
So let’s say there are millions of sheep out there who elect to
donate a portion of their toil and sweat so that the Chinese and big
financial institutions don’t have to worry about an American default.
How does Congress plan on rewarding its most patriotic citizens? By
sticking it to them on their taxes, of course.
HR 2411 stipulates that any contribution made to the Treasury in order to pay down the federal debt IS NOT TAX DEDUCTIBLE.
“The [Treasury] Secretary shall include. . . a reasonably conspicuous
statement that any amounts deducted and withheld from wages. . . are
not deductible as charitable contributions for Federal income tax
purposes.”
Imagine this scenario: You make $100,000/year. In a fit of complete
insanity, you decide that you want to withhold your entire annual salary
to pay down the debt. Hey, you can always move in with mom for the next
year, right?
Well guess what– Uncle Sam will gladly take your money… and then
STILL expect you to pay taxes on the $100,000 that you earned, so you’d
have to come out of pocket with an additional $40,000 or so.
Don’t worry, though. The Social Security and Medicare wages are
reduced by the amount that you withhold, making you only liable for
state and federal taxes. Seems like a good deal, eh comrades?
There are so many things utterly wrong with his piece of legislation,
it’s hard to know where to begin other than by saying that such
intellectual and philosophical perversion is only capable of springing
from unprincipled sociopaths whose sole capability is the destruction of
value.
There’s a great quote from Atlas Shrugged that comes to mind which sums this all up:
“[W]hen you see that in order to produce, you need to obtain
permission from men who produce nothing; when you see that money is
flowing to those who deal not in goods, but in favors; when you see that
men get rich more easily by graft than by work, and your laws no longer
protect you against them, but protect them against you. . . you may
know that your society is doomed.”
We’ve discussed the story of the boiling frog so many times before– a
frog, when put into a pot of water and slowly brought to a boil,
doesn’t realize that he’s in danger until its too late. I think the
boiling frog just got a little hotter. Have you hit your breaking point yet?
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Reduce America's Debt Now act?
And I wonder what percentage of the lowest earner's wages will be robbed compared to the highighest?
All patriotic, state loving citizens will support this measure and volunteer their money.
Im ok with that, as long as they dont volunteer my money.
Hey there, Patriot! Made your "Voluntary" Treasury contribution yet, hmmm?
You got a nice house, nice family. Would be a shame if anything should happen to them
Citizen responds: "Yeah, and you have a nice suit asshole. Would be a shame if it was torn with a .300 Winchester Magnum round."
Citizen responds, "you also have a nice home and a nice family. Luckily the public records list your address."
he wonders if they'll send him a certified arrest record
Citizen responds: <Bang! Bang! Bang!> Honey, fire up the wood chipper and make room at the bottom of the compost pile!
lol. +1793
warning - graphic
http://www.youtube.com/watch?v=8qWFhDvURLg
Thus insuring a 50% turnover in Congress next year...
Turnover to what exactly?
Turnovers are sooo tasty. Tastes like hope and change.
Cherry #1, followed closely by apple. Thats change I can hope for.
I'm sorry cossack, the turnovers are immitation flavored only. Nothing real about them.
A Lobby Whore is a...
++++++++++++++++++++++++++++++++++++++++++++++
This idea assumes that only people who have actual jobs are going to pay down the debt. Those that suckle the teat get a pass. Again.
people on the government teat must donate organs or somehting, everyone pulls their weight.
those who do not have jobs, can donate food stamps, or gold!
How much will these Congressmen decide to deduct from their salaries? How bout the salaries of their staffers?
Somewhere between zero and a negative number.
I want to check the box that I will not ever accept the following (and don't want to pay any longer)
- SS
- Medicare/ Medicaid
- Welfare or other Social Services
- Etc.
There, keep what you've already taken from me but take no more. Make you're silly assumptions for the future of these things w/out my drawing from them. I'll take care of myself and opt out of all your big brother bullshit. Why the fuck not...I've paid in since I started working at 12 fucking years old. I'm 41 now. Enough. Plus, if I try to take my own fucking money from my 401k you'll not only tax me but penalize me 10% for departing the Ponzi.
Oh, wait, likely those in gov have already made the assumption for me that I'll get none but why let me off the hook for paying for everybody else? Why not stick it coming and going to the citizen who works.
Amen. I'd check the same box ASAP!
i think soc sec usta have a "conscientous objector affadavit" whereby one could opt out of goobermint promises regarding same for reasons of conscience or religion, one or more of which apparently taught that god don't approve of soc sec. i discovered this in the 70's. i looked at that form for a long fukin time, i'll tell you! i was SE at the time (self-employed) which = paying emloyee + employer [$$+$$] portions, less a small deduction in lieu of vaseline.
as i contemplated my slavish, shit-eating state, i slowly began to see that by living like a king on expenses + lying like a rug = less net = less fuking fica, and slowly sank into moral hazard and bourgeois hell. more or less like a rock star, i might add. the american way.
Batshit crazy piece of legislation, no doubt.
But... your figuring of the math is off. These "good citizen" "donations" would be from after tax income, so if you made 100k, gross, and decided to "donate" every free dollar you earned you'd come out at zero (as long as your wages were approriately deducted at all times for your total year in tax debt). You'd end up "donating" somewhere north of 75k and paying in taxes the balance.
Completely batshit crazy legislation. First this would pass, and then they slow propogandize it as the "right" thing to do for your country and ostracize those who don't donate, and then they'll just make it mandatory...
This will soon be a voluntary compulsory scheme.
Every Federal government employee and elected official should be immediately enrolled in the program giving 10% of their salary back.
Every person on any form of government assistance should also be allowed to file their own paperwork to reduce the amount of assistance they get. Why just let the private sector have all the fun?
Technically they alrady are. Even more than the 10%. Geithener lifted their pension money and gave them IOUs instead so the govenment wouldnt go into more debt lol. Good luck on cashing in those IOUs.
So for all intents and purposes federal employees are now on social security?
Here's how SS and government pension programs will play out as portrayed in Dumb and Dumber... http://www.youtube.com/watch?v=7GSXbgfKFWg
the government just needs to sell it....like this Donald Duck propaganda film....taxes for freedom
http://www.youtube.com/watch?v=oqMVpcbhpqw
You, sir, are on the right track.
Kind of like the old "Why we fight" propaganda films. Maybe updated to "Why we pay" or "Why we are so fuckin' stupid". Many possibilities.
freedom ain't free asshole.
You gots to pay for it.
and pay and pay and pay and pay................
Which is why I prefer LIBERTY. Stick your freedom.
I thought it would go to reducing Europe's debt. Silly me.
I just read the bill (note link). It says 'voluntary' contributions.
I smell a rat.
The next step is temporary...
Thats "transitory" now.
I think they should do a public opinon survey on this bill over on 200 West Street 29th St...
What a great idea! Especially if you are a small businessman. Just take the deductions (thereby letting you know which employee is a total moron) and stick the money in your pocket. Who is gonna know? No forms to fill out...nada. Just put the money in your pocket. Win...win!
Oh... I don't think the people on 200 West Street would do that... LOL
Yeah, all six people in the US who still have a job will contribute - what the hell are those political whore clowns [please don't call them representatives] on?
http://www.youtube.com/watch?v=90ELleCQvew
It is time to cut off their pixie dust and koolaid.
Must be something in their teabags.
That is why he gets paid the big bucks. He is a true artist with words.
Voluntary tax (aka "stoopid tax"). Just like the lottery.
Any word on whether ACORN will be administering this?
like the 1040: "how much of your refund do you want returned to you?" Speaking of which, I see it now, the IRS update to that question: "How much of your tax payment do you not want returned to you?" ->just confusing enough for people to not know what to put there.
+1. I might add you should always check the 1040 box for a $3.00 donation of your taxes to the Presidential election fund, whatever that is. I was constantly audited... until one year I decided to check the box. I've been left in peace ever since. It's a trick to harvest the disobedient anarchists....so always check the " yes " box.
Watershed moment of insanity that marks the fall.
I would not have believed this had someone told it to me.
I still don't know if I believe it.
Who am I?
What am I doing here?
Is this not my fine automobile?
Great heavens that dress makes you look fat
I will let you flail bindly in the dark, oh Sock Puppet.
good choice of music.
http://www.youtube.com/watch?v=I1wg1DNHbNU
http://www.youtube.com/watch?v=-qKD6JSiyaQ
With punk-style teleprompter.
Same as it ever was, Same as it ever was.....
this ain't no par-tay this ain't no disco this ain't no foolin around............
http://www.youtube.com/watch?v=zxeCYyZBEIg
A little ditty for our favorite money printer...
http://www.youtube.com/watch?v=c1OwsD5Ypj0
Oh.. and I suppose that that is not your beautiful house, and that is not your beautiful wife?
http://www.youtube.com/watch?v=-io-kZKl_BI
lets start out with congresssional a dnsenate pay cuts, put them on medicare/ medicaid, reduce spending they have office staff.
Best idea I've heard. And reduce their pensions.
All congress should have an immediate 50% cut and at least 85% cut in staff/travel.
Then 75% of their personal wealth should be applied to the deficit.
Then the ones that are left serving can try to figure out where to cut.
And after you're done spitting in the ocean?
lets start out with congresssional a dnsenate pay cuts, put them on medicare/ medicaid, reduce spending they have office staff.
If thing actually gets any traction, which I highly doubt, I hope Becky Quick asks Uncle Warren how much he's going to contribute.
Well the alarmist's answer below set me straight, but I thought at least what you said-- This will give ammo to anyone debating a statist/commie/bloodsucker/vampire who is championing higher taxes: "I agree with you sir or madam, and how much extra did you volunteer on your voluntary tax check form?" Mr. Buffet/Gates/Winfrey/Riech/Himmler?
This is only the groundwork for the future of having all employer payrolls go straight to the gov first and then sent on to you from there,1099's also..
I believe this was proposed outright in the UK. I don't recall if it every came to anything.
In Greece it's called the "Solidarity Tax".
This is just one step away from what they proposed in the UK: Have employers pay all proceeds for your labour to the govt, and the govt will send you what they believe is the correct amount after taking their share.
Just one step away.
Can't you already have your payroll adjustment adjusted up however high you want? Then you can just roll over your refund to the following year. That way you can contribute to the feds, the paperwork is the same as before, and you can have the money back by claiming a refund whenever you want it. It doesn't exactly reduce the debt, but it has the same effect until you ask for a refund.
I have an extra $40 a week taken out of my paycheck via W4 because i didn't have enough taken out last year. That should cover it. Im done
Here's a modest proposal: all the Federal workers who have their own separate retirement fund should have these funds moved into Social Security and receive the same payout as everyone else who has been stuck with SS.
didn't the 'income tax" also start out as "voluntary"?...we all know how well that went.
Where do you people come up with this ignorant crap?
R u a bot 2?
No, he is a statist worshipper who can spend your money better than you.
You know jack shit about my political beliefs.
Goode.
The DailyKos is still missing their idiot. Just sayin'.
I've never read it, but you're an expert?
When will the secret police start enforcing such voluntary contributions?
Sweet, well this should be a boon to black markets and "under the table" deals everywhere. Ergo, pushing more people off the radar. A failing state sinking in quicksand. Their squirming policies only makes them sink faster.
Mr. CRAWFORD (for himself, Mr. TIBERI, Mr. FINCHER, Mr. LANDRY, Mr. DENHAM, Mr. DOLD, Mr. FLORES, Mr. GRIFFIN of Arkansas, Mr. AUSTIN SCOTT of Georgia, Mr. HUIZENGA of Michigan, Mr. PALAZZO, and Mr. GUINTA) introduced the following bill; which was referred to the Committee on Ways and Means
Here are the clowns bringing you this Einstein bill. To anyone who helped elect these creatures, "What in the HELL were you thinking?"
Rock! with your crawford out!
what is your choice of drug. you are obviously very high.
Actually as far as tax bills, it is the second best kind: voluntary. The best kind of course is a tax cut.
Crawford (R) +*
Tiberi (R) + *
Fincher (R) + *
Landry (R) + X
Denham (R) +
Dold (R) + X
Flores (R) + *
Griffin (R) +
Scott (R) one of the 25 most corrupt members of Congress by the political watchdog group Citizens for Responsibility and Ethics in Washington
Huizenga (R) + X
Palazzo (R) + *
Guinta (R) + *
They were thinking, "Man, we're gonna show those incumbents what for this time!".
Nice fucking job, cons.
This was baked into the cake when they included that clause in the 14th Amend about the validity of US debt.
Here comes the Patroit Bond, we will gladly pay you on Tuesday for your dollar today, we just never tell you what Tuesday.
I don't know who are the bigger idiots.
The brain damaged ass holes who thought this up,
or the brain dead ass holes who voted for them in the first place.
The latter, they are the enablers.
Most definitely the voters...who thought they were imposing righteous change on Washington (LOL). The idiot Pugs who sponsored this tripe are merely doing what politicians do....making hay to get camera time because no one knows who the fuck these freshmen wanna-be motherfuckers actually are beyond "not that other guy".
Get onboard the Teapot Dome Express III!
Seems like their April fools joke is just a tad bit anticlimactic.
If they're going begging,
a tin cup, and dark glasses for Uncle Sam.
Two terms for politicians,
one in office, and one in jail.
What I find most egregious out of this whole thing is that those idiots actually spent time writing this thing up. How much taxpayer money did that waste? 1$ would be too much.
+100
Dollars..er euros...er pounds...of gold...on a cold September day...just after the 4th of July..when love came to town...and sheet
you are looking at it wrong. We are paying them regardless of what they do (salaried). Therefore, I prefer they work on pointless, non-binding, non-enforceable activities such as national icecream day rather than legislation which effects things.
"Pay Banksters Twice For The Same Thing Act"
+ Trillion!
i am willing to match all voluntary contributions in exchange for allowing me to punch you in the face
That gives me an idea...To raise money they could have a "Punch-A-Politician-Day." For $1,000 you get to punch your politician of choice. People would be lined up for miles!
I'd definitely give $1,000 to be able to punch Nancy Pelosi. That old man is evil.
Hmm, you could even access overseas buying power, if you make it a tourist attraction. Also, to encourage people paying more, you could offer a "Kick him in the nuts with steel toed boots"-special to the highest bidder.
How about 10K to waterboard one?
I would have just enough to do all of them.
I like it.
Happy to Chip IN!
I tip 100% as well.
Can't wait. Mr. Barton's line may be ten miles long at the end of the day.
http://www.youtube.com/watch?v=vvKZh3EY9S4
Wow you guys are funny! Didn't they used to call that taxation?
Union steward to worker -
I see you failed to make the suggested debt reduction contribution. Does that mean you are not planning on staying in our union brotherhood? You can't expect our support unless you support us you know. We have goals set for out the local, and we promised the company how much we'd give, and the party is expecting it too. If you make us look bad you are history, Joe.
Yeah, I'm sure that's exactly what the dozen Republicans had in mind, moron.
I got idea....maybe a charity event with the famous music stars all over the world, and live TV transmission from the capital cities?
This is where the hookers pay the Johns? What a stupid country. Theyll have to kill me before these rats take another dime from me, go to hell banker criminals.
WHO IS JACK SCHITT?
For some time many of us have wondered just who is Jack Schitt?
We find ourselves at a loss when someone says, 'You don't know Jack Schitt!' Well, thanks to my genealogy efforts, you can now respond in an intellectual way.
Jack Schitt is the only son of Awe Schitt. Awe Schitt, the fertilizer magnate, married O. Schitt, the owner of Needeep N. Schitt, Inc. They had one son, Jack.
In turn, Jack Schitt married Noe Schitt. The deeply religious couple
produced six children: Holie Schitt, Giva Schitt, Fulla Schitt, Bull Schitt, and the twins Deep Schitt and Dip Schitt.
Against her parents' objections, Deep Schitt married Dumb Schitt, a high school dropout. After being married 15 years, Jack and Noe Schitt divorced.
Noe Schitt later married Ted Sherlock, and because her kids were living with them, she wanted to keep her previous name. She was then known as Noe Schitt Sherlock.
Meanwhile, Dip Schitt married Loda Schitt, and they produced a son with a rather nervous disposition named Chicken Schitt.
Two of the other six children, Fulla Schitt and Giva Schitt, were inseparable throughout childhood and subsequently married the Happens brothers in a dual ceremony.
The wedding announcement in the newspaper announced the Schitt-Happens nuptials. The Schitt-Happens children were Dawg, Byrd, and Horse.
Bull Schitt, the prodigal son, left home to tour the world. He recently returned from Italy with his new Italian bride, Pisa Schitt.
Now when someone says, 'You don't know Jack Schitt,' you can correct them and tell them you know the whole family!
Sincerely,
Crock O. Schitt
AHHH HA HA HAAAA, nice!
Step 1, Go bankrupt.
Step 2, Print more money.
Step 3, Rape ANY wage anyone left working in america may be still getting.
Step 4, ????
Step 5, PROFIT!
Hey!! HEY!! you forgot their Bonus Monies!! WTF??
Bent me over & made my shoulders hurt. I'm 75.
Grand Pa.. if they take your money! I will get it back, with interest or I will be dead. I Sware to God Almighty!
we should only pay for the parts of government we want... Israel, DSHS, Military Branches, Homelad security, CIA, subsidies for corn and oil, drug wars... instead of letting rich powerful people dicate what it means to be rich and powerful via their gubmint subordinates
.
NO ACOUNTABILITY BITCHEZ!
Fucking fed up with all this bullshit! Now if youre one of the few americans who HAS a job left, they got their sights set on your wages to send to Bernanke to pump up stocks while you suffer with not enough to pay your bills? TREASON!!
Is this where the Mad Hatter offers me tea or when the Caterpillar blows smoke in my face?
+420
It was opium smoke.
No, that was several chapters ago. Now the Red Queen is drawing in her breath to yell "OFF WITH THIER HEADS!!!!"
Shine up your Vorpal blade, and keep it handy. There be Jabberwocks here.
HR 2412: Pay congress salaries out of budget surplus.
Congressmen's salaries for each following year should have to be voted on by Congress each year, but only after the budget is passed and signed. Futhermore, any member of Congress who is in office when they fail to pass a budget on time should be considered inelegible to run for office in the next election for their district.
Can I contribute a negative return on 401k as some kind of space time continuim paradox that yields returns on the long haul?
Harry Reid thinks taxes are voluntary and not withheld from wages.
http://www.youtube.com/watch?v=R7mRSI8yWwg
Harry Reid is one dumb motherf*cker.
Seriously...where do these people come from?
Are they replicated?
Are they intergalactic aliens or body snatchers?
WTF FFFFF?????
Are the Congressmen going to participate in this donation?
Yes, but first they will vote themselves a pay raise for 10X the amount. No, never mind. They won't participate. They may be corrupt and evil and even stupid, but they are not that stupid (despite all appearances to the contrary).
I don't get it. Why would they want to pay down debt? If all public and private debts got paid, the money supply would disappear and there would still be interest left owing. What is this really?
You are overthinking it. Thats the textbook answer. in reality as debt is paid down, deflation would start to occur (reduction in money supply) which would require the FED to drop money from helicopters in order to meet target inflation rate.
ALL is not the question, that's not going to happen.
You must have control over it and a plan to use the debt
you are running.
You have to stop the rate as it's running away from you now.
There comes a point when more is not good.
Who said anything about private debts (other than those of say AIG, GS, Bank of Lynching America Countrywide, etc)?
Who are the assholes who picked the assholes who came up with this idea to run for office. These are the assholes we need to get rid of or maybe just hack.
http://www.tnteaparty.org/
http://www.texasteaparty.org/
I could go on for days...
http://www.moveon.org/about.html
http://mediamatters.org/
I could go on for weeks as the Government funds most of the left, how convenient..
I didn't know MoveOn was donating to Republicans from Tennessee, Georgia, and Texas.
broke at birth.
the people who think this shit up are the ones
who have had their frog brains boiled. that they
are paid to think this shit up and have it considered
as potential law is some kind of cruel punishment that
can only grow to fruition under a rock ..
or in a septic tank, or maybe under an armpit .. or
somewhere?
If you'd like to make a call please hang up and try again.
--> If you'd like to make a call please hang up and try again.
--> If you'd like to make a call please hang up and try again.
(back to top) <--
How about a law which suspends salary payments for Congress, the President, and all congressional and presidential aids for any year in which the Federal budget is not balanced or in surplus?
No affect, they skim and steal more than they are paid.
Heck, if you had the inside dope they do your ROI would
be the envy of the world.
You think they care more about their salary than the money flowing from lobbyists?
Grow up.
“[W]hen you see that in order to produce, you need to obtain permission from men who produce nothing; when you see that money is flowing to those who deal not in goods, but in favors; when you see that men get rich more easily by graft than by work, and your laws no longer protect you against them, but protect them against you. . . you may know that your society is doomed.”
From Atlas Shrugged
A portion of me hopes that the US government one day makes it mandatory to do something like this (although a tax increase is the same thing). This may actually get the American people to riot and rebel like we already should be.
No no, that will cause a deflation. This is a perfect excuse for another QE. This time lets make it or break it, I think QE3 should be buying 15 trillions of treasuries so that we will be debt free.
Oh, by the way, no paper dollars please. If you send at least one ounce of silver (or gold equivalent) you'll receive this Super-Patriot certificate along with this bronze Hank Paulson memorial coin as our special thanks.
Thanks,
Timmay.
So I walk past a TV the other day and saw a gold buffalo...my interest piqued, I listened to the rest of the shitty infomercial. 14mg gold-plated replicas for only $50 each...or $112k per toz. What a country.
Well, if I'm going to do this, I need to do it the American way. I would like to send the UST IOU's for 10000% of my paycheck. Payable in 30 years and only if I am able to roll-over that debt perpetually. Also, I am allowed to create new IOU's to dilute the current IOU's they hold whenever I please.
However, me issuing additional IOU's against my IOU's will in NO WAY cause those IOU's to lose any value, according to me.
I will use my future SSI/Medicare benefits as collateral for this IOU security. Of course, then I will turn around and bundle these with other "giving" Americans and we'll throw them at the Fed discount window at par. We will then take the proceeds and buy NFLX because according to my ruler it will hit a 4-handle by 2012.
You're my new hero. Brilliant!
I thought it was good too.
LOL wtf? this is insane.