• Steve H. Hanke
    05/04/2016 - 08:00
    Authored by Steve H. Hanke of The Johns Hopkins University. Follow him on Twitter @Steve_Hanke. A few weeks ago, the Monetary Authority of Singapore (MAS) sprang a surprise. It announced that a...

Guest Post: What Public Employee Leaders Could Be Saying (But Aren't)

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Wed, 03/09/2011 - 12:56 | 1033301 NOTW777
NOTW777's picture

dont hold your breath; remember the union folks are doing it for the "kids"

Wed, 03/09/2011 - 13:38 | 1033411 NOTW777
NOTW777's picture

oh yes and it also helps that they are paid for by soros and dnc

a quarter a junk - LOL

Wed, 03/09/2011 - 15:22 | 1033766 Breaker
Breaker's picture

I get a kick out of near riots by the government against the government.

Wed, 03/09/2011 - 16:45 | 1033998 Monday1929
Monday1929's picture

No union concessions until bankers are indicted. THEN one can be reasonable.

Wed, 03/09/2011 - 16:44 | 1033991 Panafrican Funk...
Panafrican Funktron Robot's picture

I think if we just did a transaction tax (to include financial transactions, sales, etc.) with flat rate refund distributions if net revenues exceed net expenses, we'd probably be in a lot better shape. 


Wed, 03/09/2011 - 12:58 | 1033308 NOTW777
NOTW777's picture

MSM and people like rev jackson comparing union protesters to those in MENA getting blown up and shot at - US MSM is the biggest liar/deceiver of all time

Wed, 03/09/2011 - 13:41 | 1033433 NOTW777
NOTW777's picture

MSM upset that fewer americans are worshipping obama


Wed, 03/09/2011 - 13:02 | 1033314 Rodent Freikorps
Rodent Freikorps's picture

Go ahead and tax the rich. They control the prices. They'll just take it right back with a little bit of "fuck you" extra.

Wed, 03/09/2011 - 13:03 | 1033322 cartonero
cartonero's picture

So if the rich are all-powerful, then we're just fucked, no?

Wed, 03/09/2011 - 13:08 | 1033329 Rodent Freikorps
Rodent Freikorps's picture

Pretty much.

Wed, 03/09/2011 - 14:26 | 1033584 MrBoompi
MrBoompi's picture

Well, then I vote for the cheapest and most effective capitalistic system of all, 0% taxes on incomes over $250k, 0% corporate taxes, 0% capital gains tax, and 0% estate tax.

That'll straighten things right up.

Wed, 03/09/2011 - 13:09 | 1033340 Dr. Acula
Dr. Acula's picture

>Go ahead and tax the rich.

Yeah, committing more robbery is a good thing, as long as someone else is the victim.


Wed, 03/09/2011 - 13:25 | 1033362 Rodent Freikorps
Rodent Freikorps's picture

Taxing the rich is almost as much a flaming lie as taxing business.

But, if the moron voter goes along with it, screw them.

Wed, 03/09/2011 - 15:31 | 1033796 Hacksaw
Hacksaw's picture

It use to be a lie in the age of inflation when business had pricing power and the rich created jobs in the U.S. Now it isn't a lie because this is the age of deflation when business has no pricing power and the rich are moving jobs for the U.S. to China.

Wed, 03/09/2011 - 15:49 | 1033838 ElvisDog
ElvisDog's picture

Taxing the rich never brings in the expected revenue because (1) the rich will leave to a state or country that doesn't tax them so much (2) the rich will hide their money from taxation (3) if you take away the monetary incentive to work hard the already rich will check out and play golf all day long.

Wed, 03/09/2011 - 19:51 | 1034580 Lord Koos
Lord Koos's picture

Closing these kinds of loopholes for the rich would be easy to do if there was the policital will to make the changes.  Their could be penalties for American corporations who only make investments outside the USA, and incentives to invest at home, for example.  As far as the monetary incentive, I don't see where that was taken away in times when taxes were higher.  In the 50s 60s and 70s taxes were higher but we did not see the wealthy becoming lazy.  

Wed, 03/09/2011 - 23:07 | 1035138 steve2241
steve2241's picture

"3) if you take away the monetary incentive to work hard the already rich will check out and play golf all day long."
The dollar has been consistently devalued for more than 40 years. Monetary incentive to work hard? Add in income taxation and the tax to the human body from (hard) physical labor and you've got one witch's brew that anyone with half a brain can see. It continually confounds me how people are able to get out of bed every day and "go to work"! Seriously. The alternative/antidote is revolution.

Wed, 03/09/2011 - 15:26 | 1033777 Hacksaw
Hacksaw's picture

Is it theft when you steal stolen property from a thief?

Wed, 03/09/2011 - 15:02 | 1033704 TeamAmerica
TeamAmerica's picture

You've swallowed the pill and washed it down with the kool-aid.   

You believe exactly what the rich want you to believe...that you are powerless.

Wed, 03/09/2011 - 13:02 | 1033317 Dr. Acula
Dr. Acula's picture

>The consent of the governed (and thus of the taxed) can be revoked at any time.

Not when they invariably vote for socialists.


Wed, 03/09/2011 - 13:27 | 1033386 Rodent Freikorps
Rodent Freikorps's picture

All nations die, in pretty much the same way.

Wed, 03/09/2011 - 13:01 | 1033318 treemagnet
treemagnet's picture

Please don't get me started on public unions....see if you can guess what I'm thinking now......

Wed, 03/09/2011 - 13:35 | 1033413 Seasmoke
Seasmoke's picture

you must be thinking, what were you thinking when you got out of high school and thought it best to make it on your own terms

Wed, 03/09/2011 - 16:42 | 1033987 jus_lite_reading
jus_lite_reading's picture

Here we go again!! Just ask the people in Greece about UNIONS!

Wed, 03/09/2011 - 17:41 | 1034189 treemagnet
treemagnet's picture

Who junked me?  Fess up losers - is that all it takes these days......

Wed, 03/09/2011 - 13:04 | 1033320 mynhair
mynhair's picture

SSN getting interesting......

Wed, 03/09/2011 - 13:08 | 1033331 Cognitive Dissonance
Cognitive Dissonance's picture

One must always remember the Golden rule when it comes to conditioning the public mind.

We are always allowed to complain about the system. Bitch about this, declare that unfair, protest about the special favors those over there are getting, whatever. But you are never ever allowed to seriously question the basic system. If you do, if you begin to question not how the pie is divided but the pie itself, if it should even exist in the first place, then are are immediately labeled a subversive or a socialist or commie or anarchists or whatever. And this comes not only from the MSM, government and all it's various talking heads, but from the very same people who are part of the system and might benefit from a re-examination of the entire systemic picture.

The captured mind will always fight to remain safely within the confines of the system that has captured and conditioned it.

Wed, 03/09/2011 - 13:26 | 1033388 Pants McPants
Pants McPants's picture

Exactly right.  NEVER question the pie itself, that is a given.

All the more reason to expand the scope of debate at every possible opportunity.

Wed, 03/09/2011 - 13:32 | 1033404 Seasmoke
Seasmoke's picture

way too much baking soda in that pie

Wed, 03/09/2011 - 14:17 | 1033543 Pseudo Anonym
Pseudo Anonym's picture

if you begin to question not how the pie is divided but the pie itself

I would want to know who baked the pie. But will not ask that question, as I do not wish to be labeled a subversive or a socialist or commie or anarchists or whatever..

Wed, 03/09/2011 - 16:34 | 1033963 Alienated Serf
Alienated Serf's picture

the pie is a piece of shit

Wed, 03/09/2011 - 17:08 | 1034061 Pseudo Anonym
Pseudo Anonym's picture

whose piece of shit is this pie? That's what I want to know. oops, now, for asking that question, I will be

immediately labeled a subversive or a socialist or commie or anarchists or whatever

my bad.

Wed, 03/09/2011 - 13:10 | 1033332 TradingJoe
TradingJoe's picture

You will only be able to tax the rich when you can end corruption in Gov!

Until then...pay up or leave...like I did :))!

And the ones (taxes) coming (soon) to a community near you once this gravy train stops,

well those ones will break your back, arms, legs, hands and ultimately your neck!

Since nobody is willing to really take it to the streets this will go on until it can't

no more, or there is nothing to steal, tax or "kill"!

Can and most likely will take a few more years of lying, cheating and stealing

but in the END there will be NO ONE LEFT STANDING!

How do you prepare, well accumulate as much as you can,

you will need every bit of it, can't fight them, it's not really necessary to "join" them,

just have enough to defy them!

Wed, 03/09/2011 - 13:14 | 1033351 Rodent Freikorps
Rodent Freikorps's picture

Hammerfall - Last Man Standing



Wed, 03/09/2011 - 13:08 | 1033337 Happy Days
Happy Days's picture

Recommended solution: all those in the real world (non-gooferment) stop going to work. Continue working and nothing will change. The unionized do it....why doesn't the rest do the same? It is rather obvious how well this works.

We have.....

Wed, 03/09/2011 - 13:10 | 1033343 anarchitect
anarchitect's picture

Lots of sense in here.  However,

"The top 1%, meanwhile, pay on average about 17% of their income in total taxes..."

"If the top 1% paid the same 40% rate as higher-income workers pay, then that would only be equitable."

Equitable but grossly extortionate. Instead, the flat tax rate should be 17%, with spending cuts to balance the budget at that level.

Wed, 03/09/2011 - 13:22 | 1033346 bob_dabolina
bob_dabolina's picture

Public employee union leads only care about....public employee union leaders.

What is so hard to understand about this concept?

BTW I am in favor of a 6 month tax holiday for all income brackets. That should curb this prodigal government from anymore wasteful spending on bullshit.

Wed, 03/09/2011 - 14:39 | 1033630 11b40
11b40's picture

Sorry, Bob.  Only would be effective if you could also turn off the printing press & shut down the bond market.

Wed, 03/09/2011 - 13:13 | 1033350 sabra1
sabra1's picture
JP Morgue is paying 80% premiums not to take delivery in the crucial month of March. There are only 40 million ounces available for delivery and little under $1.5 billion would expose this greatest of frauds.
Wed, 03/09/2011 - 13:25 | 1033379 Rodent Freikorps
Rodent Freikorps's picture

And Ben has their back, and they will fuck you like an $8 Thai, three-holer hooker.

Wed, 03/09/2011 - 16:58 | 1034044 RichardENixon
RichardENixon's picture

Last time I went to one of those she charged me $10. I'm in the inflationist camp.

Wed, 03/09/2011 - 13:16 | 1033360 MachoMan
MachoMan's picture

When your entire lifestyle, career, and support system has been built upon a lie of credit, manipulated news, and taxes, and you are faced with the destruction of all of this, then you do anything you possibly can to prolong the status quo.  This basic presumption explains not only public employee unions, but also banksters on down the line.  Ultimately, they are all welfare queens and their race to the moon in a homemade rocket ship has fallen short of oxygen and fuel.

Wed, 03/09/2011 - 13:30 | 1033395 chopper read
chopper read's picture


Wed, 03/09/2011 - 13:31 | 1033397 Josh Randall
Josh Randall's picture


Wed, 03/09/2011 - 13:34 | 1033407 bob_dabolina
bob_dabolina's picture


Wed, 03/09/2011 - 15:48 | 1033835 downrodeo
downrodeo's picture


Wed, 03/09/2011 - 13:22 | 1033370 redpill
redpill's picture

As long as the income tax exists, it will be abused by politicians and the ultra-wealthy alike.

The 16th amendment should be repealed, and we should have the FairTax or similar consumption tax instead.

Wed, 03/09/2011 - 13:22 | 1033371 uno
uno's picture

interesting stat, Bloomberg TV referenced that the entire space shuttle program cost was less than TARP when the last shuttle launched; here are the numbers I found

TARP - $700 billion

Space Shuttle cost for entire life of program is estimated to be $174 billion

I understand both are goverment programs, the problem is defining the scale of Wall Street corruption

Wed, 03/09/2011 - 16:30 | 1033952 streetman
streetman's picture

Except that TARP was a loan program, and only $245 billion went to banks.  The rest went mostly to FNMA, Freddie Mac and GM.  $564 billion in total went out and $237 billion (almost from the banks) has been returned with interest and dividends so far.  You should be paying more attention to the $1 trillion in "stimulus" money, if you want to talk corruption, have you seen any of that lately?

Wed, 03/09/2011 - 16:53 | 1034023 Panafrican Funk...
Panafrican Funktron Robot's picture

Annoys the fuck out of me when people try and rationalize TARP, in the face of things such as the AIG/Goldman bailout or the $1.2 trillion dollar MBS bailout. 

Then again, you're probably one of the fucking scum who aided and abetted these schemes.  Thanks for shitting on us in your three piece suit.  Never mind the sword hanging over your head.


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