Guest Post: Outlaw Josey Wales - Part Four

Tyler Durden's picture

Submitted by Jim Quinn of The Burning Platform

Outlaw Josey Wales - Part Four

“Now remember, when things look bad and it looks like you’re not
gonna make it, then you gotta get mean. I mean plumb, mad-dog mean.
‘Cause if you lose your head and you give up then you neither live nor
win. That’s just the way it is.” –
Josey Wales – Outlaw Josey Wales 

 

To hell with them fellas. Buzzards gotta eat, same as worms. – Josey Wales – Outlaw Josey Wales 

There is a war underway in this country. The working middle class
that built this country from the ground up are being systematically
eliminated by a small cabal of super rich powerful elite. The middle
class was much like Josey Wales, a peaceful Missouri farmer just working
his land trying to make an honest living. Then a band of lawless thugs
come along and kill his wife and son and burn down his farmhouse. A man
can only take so much before he gets mean and vengeful. The rich and
powerful, the corrupt Wall Street bankers, the banker controlled Federal
Reserve and the bought off politicians in Washington D.C. have been
pillaging the middle class for decades.

They’ve killed the middle class and in 2008 they essentially burned
down the worldwide financial system. Somehow, they convinced the
American public the war was over. A small band of super wealthy
individuals on the boulevard of greed, Wall Street, and in the putrid
swamp of Washington D.C. blackmailed the American middle class taxpayers
by threatening to bring down the financial system unless they were
handed $700 billion, saved from bankruptcy by the Federal Reserve buying
$1.2 trillion of toxic mortgage debt, and provided free money by their
sugar daddy at the Federal Reserve. The politicians then absconded with
another $800 billion of taxpayer funds and handed it out to their
corporate political cronies in the name of shovel ready projects and
adding 3 million new jobs.

At the end of the Civil War, the Confederate guerrillas that Josey
Wales had joined agree to lay down their arms with a promise of freedom.
Instead the Union thugs began to mow them down with a Gatling gun. This
is perfect symbolism for what the ruling elite have perpetrated in the
last three years. Within months of nearly destroying the worldwide
financial system, the Wall Street desperados were paying themselves
hundreds of billions in bonuses for a job well done plundering and
sacking the American middle class taxpayer. They certainly earned the
bonuses, considering they could borrow from the Fed at 0% and earn 2.5%
on Treasuries or pile into stocks and commodities, knowing Uncle Ben
would guarantee profits with QE2.

Jim Grant, in early 2009, described the excessive response by those in power to a crisis caused by them:

“To try to exorcise the Great Depression, President Herbert
Hoover deployed fiscal and monetary stimulus equivalent to 8.3% of gross
domestic product. To banish the demons of 2008-9, successive
administrations have spent, or encouraged to printed, the equivalent to
28.9% of GDP. A macroeconomist from Mars, judging by these data alone,
would never guess how much more severe was that depression than this
recession. The decline in real GDP from August 1929 to March 1933
amounted to 27%; that from December 2007 to date, just 1.8%… so for a
slump 1/15 as severe as the Depression, our 21st-century economy doctors
administered a course of treatment more than three times as costly.”

Ultimately, GDP fell 3.1% between the 3rd quarter of 2008 and the 3rd
quarter of 2009. The government response has amounted to throwing $7
trillion ($4.2 trillion increase in national debt, $700 billion of TARP
bailouts, $200 billion of losses taken by Fannie Mae & Freddie Mac,
$100 billion of losses taken by the FDIC, and the Federal Reserve
increasing their balance sheet by $1.8 trillion) of your tax dollars at
the problem. As a side benefit, they have thrown senior citizens under
the bus by paying them 0% on their savings, not providing a cost of
living increase to their social security for two years, and hitting them
over the head with 10% levels of inflation on food and energy.

At this point it looks bad for the working middle class and it looks
like they aren’t going to make it through the next banker made financial
crisis. The middle class just wants the chance for a new beginning.
They want jobs. They know the country has been hijacked by the banking
corporatocracy, supported by the corrupt political class in D.C. It is
time for the middle class to channel their inner Josey Wales and get
plumb mad-dog mean. It is not time to lose your head and give up. The
middle class are being pursued by Wall Street bounty hunters and
government crooks trying to finish them off. It is time to make a stand
and fight. It is essential that we know our enemies and how they
achieved their power. It all began in 1913 with the creation of the
Federal Reserve and the implementation of the personal income tax. I’ve
previously detailed how the baby boom generation contributed to our
fiscal plight in Part One – For a Few Dollars More,
how the actions of the Federal Reserve’s over the last few decades have
impoverished the middle class and placed the country at the brink of
collapse in Part Two – Fistful of Dollars and addressed the nefarious creation of a central bank in Part Three – The Good, the Bad, and the Ugly.

How to Buy a Tax Break

“There’s another old saying, Senator: Don’t piss down my back and tell me it’s raining.” – Fletcher – Outlaw Josey Wales

When the Federal government spends more each year than it
collects in tax revenues, it has three choices: It can raise taxes,
print money, or borrow money. While these actions may benefit
politicians, all three options are bad for average Americans. –
Ron Paul

The Senator pissing down the backs of Americans while telling us it
was raining was named Nelson Aldrich, from Rhode Island. He was a
Republican lackey of J.P. Morgan who was the driving force behind the
creation of the Federal Reserve and the passage of the Sixteenth
Amendment, creating the personal income tax. His daughter married John
D. Rockefeller, Jr. and his son became the Chairman of Chase National
Bank. I wonder how beholden he was to the banker class. A decade before
1913 Aldrich had declared an income tax as communistic. He was right.
 Karl Marx published his Communist Manifesto in 1848. It included ten
planks. Two of the ten planks were as follows:

  • A heavy progressive or graduated income tax.
  • Centralization of credit in the hands of the State by means of a national bank with State capital and an exclusive monopoly.

The United States had tinkered with an income tax during the Civil
War and the 1890’s, but the Supreme Court declared it unconstitutional.
Until 1913, the Federal government was restrained from overspending
because it was completely reliant on tariffs and duties to generate
revenue. Without the ability to print money and tax its citizens,
politicians could not roll out new programs and fight foreign wars of
choice.The Sixteenth Amendment changed the game forever.

“The Congress shall have power to lay and collect taxes
on incomes, from whatever source derived, without apportionment among
the several States, and without regard to any census or enumeration.”
 

Politicians pulled the old bait and switch on the American people.
The initial tax rates of 1% to 7% were low. That did not last long. By
1918, the top marginal rate was 77%, as Woodrow Wilson needed to fund
his war of choice. The top tax rate reached 92% during the Eisenhower
Administration and today rates are still 500% to 1,000% higher than they
were in 1913. The government is addicted to tax revenue. In 2009, they
absconded with $1.2 trillion in taxes from American individuals. Does
anyone think the bloated government bureaucracy spends these funds more
efficiently or for a more beneficial purpose than its citizens could
have? The income tax distorts financial planning and business
investment, and it encourages tax avoidance and evasion.

Partial History of
U.S. Federal Income Tax Rates
Since 1913
Applicable
Year
Income
brackets
First
bracket
Top
bracket
Source
1913-1915 - 1% 7% IRS
2003-2009 6 brackets 10% 35% Tax Foundation

Source: Wikipedia

The average American thinks income taxes are essential because
politicians tell them so. The only discussion is about what the rates
should be. But, the country grew tremendously between 1789 and 1913
without a personal income tax. Income taxes do not benefit the average
American, they drain wealth from the citizens and hand it to politicians
who then use them to bribe constituents for votes with handouts and
fund foreign wars of choice. The IRS tax code has progressively been
utilized by the rich and influential class to skew it in favor of those
with the most lobbyists. Politicians get elected by promising benefits
to the masses while being funded by rich people and big corporations. A
tax code of 60,000 pages, with over 600 IRS tax forms, and filled with
tax breaks for influential constituents (farmers, oil companies,
homeowners, foreign corporations, etc.) is not designed to benefit the
average American. The tax code is used to pay off those who “contribute”
to the politicians that control the tax code.     

Congress frequently holds hearings on tax simplification so members
can denounce the tax code’s complexity. Congressional experts and
impartial think tanks provide useful simplification ideas. When the TV
cameras are turned off, Congress swiftly ignores them and votes for more
special interest breaks for their biggest contributors. The storyline
that is pounded into the minds of all Americans is that 50% of the
population pays no taxes and the rich pay an inordinate amount of taxes.
The Republicans and Democrats fight a battle of false talking points to
confuse and obscure the truth.

The Republican mantra since the Reagan era has been to cut taxes and
allow the “free market” to work its magic. They have succeeded in
convincing a vast swath of Americans that lowering the highest tax rates
have benefitted the masses. This is completely untrue. An unfunded tax
cut today is just a tax increase on future generations. Democrats went
along with tax cuts as long as the Republicans went along with spending
increases. The Democrats hit the jackpot, with a supposedly fiscal
conservative president signing a Medicare D bill that added trillions of
unfunded liabilities to our national balance sheet. The Republicans are
on cloud 9, as a supposedly liberal anti-war president has increased
war spending to $1 trillion per year while ramping up our foreign wars
of choice. Everyone gets what they want in Washington D.C. This is
called bi-partisanship.

The Big Lie

As the chart above shows, at least before Reagan the top marginal
rates were kept high to pay for the social programs instituted by
Congress and the wars of choice fought by our Presidents. After 1980, in
some sort of warped Twilight Zone episode, politicians across the land
convinced themselves and the masses they could have lower taxes, more
entitlement goodies, never ending war, and an unlimited heaping of
material goods, with no adverse consequences. Well, it was a lie.

  • The GDP in 1981 was $3.1 trillion, today it is $14.7 trillion.
  • The National Debt in 1981 was $907 billion, today it is $14.4 trillion.
  • The amount of annual Federal income tax revenue in 1981 was $347 billion, today it is $1.1 trillion.
  • The amount of annual Federal spending in 1981 was $678 billion; today it is $3.8 trillion.
  • Total consumer debt in 1981 totaled $353 billion, today it is $2.4 trillion.
  • Total mortgage debt outstanding grew from $1.5 trillion in 1981 to $14.6 trillion by 2008.  
  • Median household income was $17,710 in 1980 and is now $49,777.

These facts reveal an empire spiraling out of control, delusional and
living on borrowed time with borrowed money. The output of the country
has grown by 474% in the last 30 years, while the National Debt has
grown by 1,588%. Those two facts alone paint a picture of eventual
collapse. The lesson of allowing politicians and bankers unfettered
access to unlimited amounts of fiat currency backed by nothing but a
hollow promise to pay is clear, in the divergence of income tax revenue
and spending. The dramatic slashing of top marginal rates from 70%,
which had been in place for a fifty year period when the U.S. economy
boomed, was supposed to invigorate the economy and unleash the free
market spirit of our entrepreneurs. A funny thing happened on the way to
prosperity for all. Federal income tax revenue has only grown by 317%
in the thirty years since the Reagan Revolution. The CPI has grown by
289% over this same time frame. Therefore, tax revenue is essentially
flat with 1980 on an inflation adjusted basis. This wouldn’t be a
problem, except that the politicians we elected ramped up spending by
560% over these same thirty years. Federal spending has grown at almost
twice the rate of income tax revenue. Bug meet windshield.  I guess this
is called supply side economics.

Politicians of both parties have promised the American public they
could have low taxes, unlimited social welfare benefits, a house that
always appreciated in price, electronic gadgets galore, and the true
American dream of getting something for nothing. And it was all made
possible by your friendly Wall Street banker and their friends at the
Federal Reserve. The data above already paints a dire picture for the
American Empire, but the next ten years will finish the job. GDP is
stagnant as Federal government spending props up the teetering edifice
of economic activity. The National Debt will reach $20 trillion by 2015
and is on course to reach at least $25 trillion by 2019. Both the
Republican and Democratic “plans” to “reduce” the deficit are a joke.
They don’t reduce anything. They add to the debt.

The citizens of this country should be outraged by such fiscal
irresponsibility, and marching on Washington D.C. with pitchforks and
torches. But, there is no outrage across the countryside. This is
because the vast majority of Americans followed the example of their
beloved government leaders and lived far beyond their means in a
delusional attempt to borrow their way to material prosperity. The
median household income has risen by 281% since 1981, less than
inflation over the same time frame. The median household is taking home
less than they did in 1981 on an inflation adjusted basis. The
McMansions, BMWs, computers, 52 inch HDTVs, and 15 other essential
electronic gadgets that represent the current American Dream were
financed. Consumer debt, used to buy (rent) luxury automobiles and
essentials like 4 TVs and 3 computers, grew by 680%, more than twice the
rate of median household income. Mortgage debt grew by an astounding
973% in the last thirty years.

[Mortgage+Debt+Outstanding+1952-2007.bmp]

The last thirty years have been a faux American Dream. The madness of
crowds has been replaced by the sober reality that the material goods
purchased with debt steadily depreciate day by day, while the debt stays
firmly in place. Who benefitted and who lost during these thirty years
of delusion? There is only one beneficiary from the issuance of
trillions in debt – Wall Street bankers. The ten biggest banks in the
country hold more than 50% of the mortgage debt and 80% of the credit
card debt in the U.S. The poor never had much, and they still don’t.
Politicians have averted riots and social unrest by pouring trillions
into welfare, social security disability, SNAP programs, earned income
credits, and hundreds of other transfer payment bribes to the poor. The
middle class has borne the brunt of the banker plundering and pillaging.

The Super Rich Storyline

There are three storylines that are pounded home repeatedly by the mainstream media and the Republican Party ideologues.

  1. More than 50% of Americans don’t pay any taxes.
  2. The top 1% pays 38% of all the Federal income taxes.
  3. Increasing the highest tax rate above 35% would destroy jobs and kill small business owners.

The misinformation spewed forth by the super rich, who control the
media, politicians, and media message, to disguise their continued
looting of the American middle class, is unrelenting. There are 117
million households in the United States with a median household income
of $48,000. Data from the Tax Foundation shows that in 2008, the average
income for the bottom half of taxpayers was $15,300. The first $9,350
of income is exempt from taxes for singles and $18,700 for married
couples. Politicians of both parties also provided credits for children,
earned income credits, mortgage tax deductions, property tax
deductions, and a myriad of other tax goodie payoffs for votes. When
half the households in the country make less than $48,000 per year in
income, of course they won’t be paying any Federal income taxes. There
are approximately 151 million Americans earning income. Almost 73
million, or 48%, make less than $25,000. As Wall Street enriched
billionaires are interviewed by millionaire journalists on CNBC,
scorning those who don’t pay their fair share of taxes, they outsource
the blue collar jobs of those on the lower income scale to China and
India. Without good paying jobs, the middle class uses debt to maintain
their American dream, further enriching the billionaire class in a
circle of death.

average-income-americans

This chart reveals the true nature of who controls our country. It is
a battle between a few thousand of the richest people in America versus
the other 150 million. The facts are the middle class and poor pay a
much higher percentage of their income in taxes than the rich. The
Social Security tax cuts off at $106,800. Therefore, the median
household pays 6.2% of their income, while the rich household making $5
million per year pays .13% of their income. This applies to sales taxes,
property taxes, state taxes, local taxes and the thousand other taxes
and fees charged on utility bills, etc. William Domhoff notes that the
top 1% who make $1.3 million per year only pay 30.9% of their income in
taxes, while those making $141,000 per year pay 31.5% of their income in
taxes. I guess their tax lawyers aren’t as well paid. Even those making
$34,000 pay 27% of their income in taxes.

INSERT DESCRIPTION

Source: Citizens for Tax Justice

The top 1% does pay 38% of the Federal income tax because they have a
23.5% share of the national income. The last time the top 1% reached
this level of income was in 1928, just before the Great Stock Market
Crash and the Great Depression. During the glory years of the American
Empire, between 1946 and 1971, the top 1% of households’ share of the
national income ranged between 8% and 13%. With the era of unbridled
greed and debt that began in the 1980s, the inequitable distribution of
wealth has risen to new heights. This level of pillaging by those in
control of the finance sector of the economy, supported by their
mouthpieces in Congress, and championed by their controlled media
pundits, has reached a level that will eventually lead to revolution.

The biggest lie pushed forth by the powerful super rich in this
country is related to the top marginal tax rate, which is currently 35%.
The Republican agenda includes a further cut in the top rate to 25%. It
is sold to the American public as a good thing for them. It has nothing
to do with them. The 35% rate applies to only taxable income over
$379,000. Of the 151 million Americans earning a living, this rate would
apply to about 200,000 people. The top marginal tax rates during the
glory years of the American Empire (1946 – 1971) were between 70% and
90%. These rates only applied to taxable income above $400,000, when the
average income was less than $10,000 per year. These were the best
years for the American middle class.

The IRS issues an annual report on the 400 highest income tax payers.
In 1961, there were 398 taxpayers who made $1 million or more. Today
there are over 78,000 taxpayers who make more than $1 million. The
loopholes written into the tax code over decades by lobbyists paid for
by the super rich, plus much lower tax rates on the largest sources of
income of the wealthy (capital gains taxed at 15%), explain why the
average federal income tax rate on the 400 richest people in America was
18.11% in 2008, according to the IRS, down from 26.38% when this data
were first calculated in 1992. Among the top 400, 7.5% had an average
tax rate of less than 10%, 25% paid between 10% and 15%, and 28% paid
between 15% and 20%. The average American’s share of their income going
to federal taxes increased from 13.1% in 1961 to 22.5% in 2008. William
Domhoff explains how the super rich have paid off Congress to rig the
system in their favor:

“According to another analysis by Johnston (2010a), the average
income of the top 400 tripled during the Clinton Administration and
doubled during the first seven years of the Bush Administration. So by
2007, the top 400 averaged $344.8 million per person, up 31% from an
average of $263.3 million just one year earlier. How are these huge
gains possible for the top 400? It’s due to cuts in the tax rates on
capital gains and dividends, which were down to a mere 15% in 2007
thanks to the tax cuts proposed by the Bush Administration and passed by
Congress in 2003. Since almost 75% of the income for the top 400 comes
from capital gains and dividends, it’s not hard to see why tax cuts on
income sources available to only a tiny percent of Americans mattered
greatly for the high-earning few. Overall, the effective tax rate on
high incomes fell by 7% during the Clinton presidency and 6% in the Bush
era, so the top 400 had a tax rate of 20% or less in 2007, far lower
than the marginal tax rate of 35% that the highest income earners (over
$372,650) supposedly pay.” –
Wealth, Income, and Power – William Domhoff

As an added bonus, hedge fund managers like John Paulson, who made $9
billion over two years, paid no income taxes on his windfall. In 2007,
Republicans and a key Democrat, Sen. Charles Schumer of New York, fought
to keep the tax rate on hedge fund managers at 15%, arguing that the
profits from hedge funds should be considered capital gains. Schumer,
the ultra-liberal champion of the poor, knows who butters his bread –
Wall Street. But it gets better. As long as they leave their money,
known as “carried interest,” in the hedge fund, their taxes are
deferred. They pay taxes only when they cash out, which could be decades
from now. These upstanding citizens access their jackpot winnings by
borrowing against the carried interest, often at rates as low as 2%. I’m
sure every youngster in America dreams of becoming a hedge fund manager
so they can use system risking leverage to make bets on derivatives,
reap billions in profits, pay no taxes, and produce no value for the
country. The new American Dream.

It is plain to see by anyone without an ideological agenda that a few
thousand corrupt individuals have managed to gain control of the
American economic system. The introduction of the personal income tax
and creation of the Federal Reserve in 1913 have provided the means for
the few to dominate the many. Over the last century, a rich super class
has created their wealth through issuing debt to the masses, writing the
tax code in their favor through their captive politician protectors,
using their own private bank to issue trillions in fiat currency and
create inflation, and used their control of the mass media to convince
the average American that this was beneficial. Chris Whalen in his
brilliant economic history of the United States – Inflated – How Money & Debt Built the American Dream sums up what has happened:

“Once the two functions, controlling the amount of currency in
circulation, and second the government’s fiscal operations, are housed
under the same roof, inflation and a decrease in the value of money are
the inevitable result. It is always easier to borrow than to raise
taxes. Politicians who have access to the printing press will invariably
use it.”

The small cabal of banking elite committed the crime of the century
between 2001 and 2008. They used their power over the Federal Reserve
and political class to reap hundreds of billions in ill-begotten profits
and crashed the worldwide economic system in 2008. They then held the
country hostage as they extorted trillions more in bailouts from the
taxpayers. As a reward for their chutzpah, they have paid themselves
billions in bonuses. While 44 million people try to make ends meet with
food stamps, these criminals continue to pillage the countryside
attempting to steal the remainder of middle class wealth. As the middle
class sinks further into despair, anger is building. The political class
has tried to pay off the poor with entitlement payments, but it is the
middle class that will revolt when their hope for a better life is
destroyed by the moneyed class. With debt in the system expanding at
hyper-speed, the American Empire will not decline with a whimper but
with a bang. All previous Fourth Turning’s in
U.S. history have resulted in tremendous bloodshed. The next ten years
will follow this pattern. I’ll address the coming revolution against the
criminal banking element in the last part of this five part series – Unforgiven.

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Josh Randall's picture

The Bernank needs a Missouri Boat Ride

Long-John-Silver's picture

No, he needs to be the Guest of Honor at a Guillotine Party.

Hugh G Rection's picture

You guys are way too humane with the execution ideas.

 

Rectal impalement or upside down crucifixion maybe...

 

What I was thinking is more along these lines

 http://www.youtube.com/watch?v=CtJyBM20GKQ 

Hernando's picture

Greenspan, Paulson, Rubin, Senator Gramn of TX, Summers and Mozilo deserve a military firing squad.  An additional 200 accomplices in the MSM, NY and DC should be doing very hard time in prison for 20 plus years.

The greatest country in the history of mankind has been stabbed in the back from within.  When this was done to the Germans they responded by electing Hitler.   By 2016, things are going to be so bad that an American version of Hitler could easily take power with the full support of the majority of Americans.

 

mkkby's picture

Folks, there won't be any mass organization.  Don't wait for some internet savior to come and rescue you.  Your friends and  neighbors will never understand, or be of any use even if they do.  Take care of yourself.

How?  Opt out of the consumerist sheep shearing, and save as much of your labor as you can.  Stop doing business with intra-state banksters.  Stop buying crap you don't need.  Stop believing TV commercials.  Just opt out.  You'll be preparing yourself for what's to come, and you'll be starving the beast.

If only a small percentage of us did that, they system would come crashing down.  Without a shot being fired.  Just quit playing their game.

Chuck Walla's picture

If you mean a dictatorship will arise from the middle pleading for relief, I think the case can be made, at least from Soros' point of view.  I think this is a big part of the set-up

wherewasi's picture

Agreed... too humane indeed.

 

Buckwheats for everyone.

LFMayor's picture

I seen what you done.

Great movie reference there.

Hugh G Rection's picture

I'M AS MAD AS HELL, AND I'M NOT GOING TO TAKE THIS ANYMORE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

 

 

http://www.youtube.com/watch?v=juFSNpjbVN4

 

rsnoble's picture

I live in KS, is that close enough?  I also have a boat with a hole in it.  I would prefer to use the new boat though so I can get out of the $700 a year luxury tax.  Ooops.....it disappeared.  Someone stole it.

Jason T's picture

my favorite line from this great movie.. "dieing ain't much of a living boy"

 

http://www.youtube.com/watch?v=ZEClGMJ2r3g

dick cheneys ghost's picture

you a money printer?.....mans got to make a livin.........printing aint much of a living boy.......

tickhound's picture

The CPI has been adjusted to include Hard Rock Candy... "cuz it ain't fer eatin', it's just fer.. lookin' through."

"And this bottle of Zirp is $0% US. Works wonders for just about everything... How's it with stains?"

http://www.youtube.com/watch?v=oljhJZUdB3c

High Plains Drifter's picture

I had to come back..

 

Yeh I know.........

trav7777's picture

Josey Wales is one of the greatest movies of all time and a tour de force of great lines.

Wales:  "soon as I get to likin somebody, they ain't around too long,"

Wattie:  "I've noticed that soon as you get to dislikin somebody, they ain't around too long neither."

but the original article was total bullshit.  What these idiots who talk about marginal tax rates omit is that the numbers of deductions have been sliced down.  Those 90% rates weren't paid by anyone as all kinds of things were deductible from income back then.

TruthInSunshine's picture

This statement is 100% in earnest:

Reduce the Federal Budget by 30% across the board and the overwhelming majority, most likely as many as 85% of Americans (not including those who work directly for government or directly for companies where their job is the result of government funding), would  notice no decline in their standard of living.

Reduce state budgets by 30% across the board and the same thing as above holds true.

You could even reduced federal, state and local government budgets by 30% across the board, and limit reductions to Social Security Payments to 7% or less (by getting rid of the EPIC waste and fraud that exists in Medicare & Medicaid, not to mention DoD/Pentagon contracts).

To put the cherry on top, the country could go to a flat tax of around 12% to 17%, replacing the incredibly inefficient income tax as it now stands (with 60,000 pages of IRC bullshit), and living standards and the environment for almost all Americans and businesses would improve by a vast degree.

alien-IQ's picture

but instead what we get is shit like this that was just passed in Florida:

Florida to require drug testing for all welfare recipients

Florida Governor Rick Scott (R) signed legislation into law on Tuesday that requires anyone applying for temporary government assistance to pay for and undergo drug screening.

Under the new law, applicants for the federal Temporary Assistance for Needy Families program who test positive for illegal drug use won't be eligible to receive benefits for one year or until they successfully complete a drug abuse program. Those who don't test positive will be reimbursed for the cost of the test.

Around 60,000 people would be affected, according to earlier reports.
http://www.rawstory.com/rs/2011/05/31/florida-to-require-drug-testing-fo...

Famous Rapper's picture

Good. Those drug addicts don't need the tax money of working people to pay for their fix. Bunch of degenerates that went from begging mom for $20 from their room in the basement, to licking Uncle Sam's shaft for their dope funds. Fuck em.

But this does present an opportunity. A bottle with a temperature strip, two hand warmers, a rubber band, and some guaranteed clean pee..$50. Stand outside the dole hub and wait for the welfare queens.

 

samsara's picture

So, did the banksters who received a $700 billion dollar welfare check from us have to have their pee tested?

Or are they free to do their lines of coke etc and drink champagne while pissing down on us?

alien-IQ's picture

LOL!!!! exactly!

no doubt he seems to have no trouble with the personal vices of the welfare recipients of the 12 digit variety.

how utterly telling.

flattrader's picture

The wealthy welfare queens have also "killed" more people by starvation via food commodity price manipulation than gangster street thugs...The Squid in particular.

 

 

Silver Dreamer's picture

Debt is their drug of choice.

SRV - ES339's picture

you forgot coke & hookers (or maids for a bit more excitement)

stirners_ghost's picture

Absolutely right-- dole recipients should limit their purchases to sanctioned vices, like alcohol, gambling, porn, cigarettes.

alien-IQ's picture

and let's not forget the drugs that help pad the bottom line of big pharma...because those are DEFINITELY NOT bad for you and most definitely NOT addictive.

LOL!!!

alien-IQ's picture

if you think that someone that smokes pot is a drug addict, then you are simply too uptight to live.

get over yourself. why don't you put down the bible, knock back a few drinks, smoke a joint and go out and get laid. it'll do you good.

el Gallinazo's picture

Can you apply by leaving a turd on the Welfare Dept. front step? They could screen it for drugs and filet mignon. Be sure to leave your name on it, or maybe they could check your DNA records.

Thisson's picture

There should be no welfare.  It's called get a job, bitches.

 

dxj's picture

In theory, the flat tax makes economic sense ... but in practicality, it's a license to steal as much as the government wants.

trembo slice's picture

if a theory is good it does work in practice.  if it doesn't work in practice, it is a bad theory.

alien-IQ's picture

This was a great series of articles (as usual) by Jim Quinn.

Brilliant stuff. A delicious read.

Internet Tough Guy's picture

Are you gonna pull those pistols or whistle Dixie?

High Plains Drifter's picture

don't piss down my back and tell me its raining....

Rodent Freikorps's picture

It ain't just the fed.

I'm paying high property tax to fund a community college system that grants in-state tuition to illegals, but not returning vets.

We deserve what is coming.

Alcoholic Native American's picture

Community college is for morons.  

lieutenantjohnchard's picture

in my youth i might have spouted off something along these lines. then i got older and began to think.

Thisson's picture

It's actually one of the few places to get basic education at a reasonable price.

Yes, a lot of morons go there because they can't make it into the overpriced colleges, but that's not necessarily terrible since they are spared the accompanying debt-loads.

Rodent Freikorps's picture

City of Austin. I'll check to see if it is statewide.

We have so many illegals, the pols are afraid of them. The Libs want to suck their dicks for the votes.

LFMayor's picture

Incinerators?

Just a hopeful thought... :(

Cthonic's picture

It's statewide.

http://www.dallasnews.com/news/education/headlines/20100314-Number-of-il...

Anyone who plans to move to Texas and thinks it is a low tax jurisdiction since it has no income tax, should note that paying 2%+ of appraised value on a residence per annum in combined city and school district ad valorem taxes is not unusual.  And if you have mineral rights and happen to live over the core Barnett Shale region, you might as well be doubly screwed if you have no active royalty or option income from it.

Silver Dreamer's picture

Well, they couldn't possibly allow you to actually own your property after all, and of course logic has it that you'd have no control over it or how the taxes on it are spent.  Government knows best, right?

Not all of us deserve what is coming.  There's a lot of blame to throw around, but I know a lot of folks who deserve what is coming FAR more than I.

nah's picture

the excuse that poor people dont pay taxes has always bothered me

.

its like they pay taxes with their ass.... seriously, TAKE away their subsidies and tax them and they will still be alive id bet

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the government uses the markets against the poor... to make it easier for elitists to walk all over their self respect

Silver Dreamer's picture

It bothers me too since anyone using cash is being heavily taxed right now.