The Neosecularist

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Archive for the tag “U.S. economy”

How Republicans Can Use Schumer’s, Dems “Ex-Pat” Tax Scheme To Benefit All Americans

Chuck Schumer, (D -NY), and Bob Casey, (D-Pa) are unveiling a new tax scheme, the “Ex-PATRIOT Act” or Expatriation Prevention by Abolishing Tax-Related Incentives for Offshore Tenancy Act.  But before Republicans roll their eyes and hammer their fists in anger, they would do well to take a moment and reflect at what a golden opportunity this “tax hike” could be for Republicans and how it could actually reduce the tax burden if Republicans are smart enough to use the Dems tax scheme to a new advantage.  How would they do that?

The Ex-Pat Act is in direct response to those Americans who have renounced their American citizenship, specifically to keep from having to pay the exorbitant taxes Americans are forced to pay under our draconian tax system.  The Act would impose a 30% tax “on the capital gains of anybody who renounces their U.S. citizenship.”  The reason why Schumer, and other Dems, are proposing this, new tax, besides the obvious reason – their Democrats, and Democrats never met a tax hike they didn’t like – is to make certain that people who do renounce their American citizenship, like Facebook co-founder Eduardo Saverin, who did renounce his American citizenship before taking Facebook public, would still be required to pay the tens of millions in taxes on his stock purchases he would otherwise owe as an American citizen, some 67 million dollars.

But – why should Republicans go along with this scheme, and how can Republicans use it to their advantage, and to ultimately reduce the tax burden?

Before Republicans throw the Ex-Pat Act into the Boston Harbor, they ought to sit down with Democrats and make a deal that would benefit all Americans and American business; and, while it would impose a hefty fine on American tax “traitors” (which we ought not be too concerned with, yet) the benefits of this tax could have dramatic implications if Republicans play their cards right.  But, of course, if Democrats balk, or refuse to compromise, then by all means we ought to support, with a certain amount of understanding and sympathy, those Americans entrepreneurs and business risk takers that flee American and America’s outrageous and crippling tax system.

Behind those proverbial “closed” doors” Republicans ought to demand, in exchange for going along with the Ex-Pat Act, that both capital gains and corporate taxes be put in limbo (a moratorium) for a period of five years, after which both those taxes would come back at a competitive 9%, respectively.  Ideally both those taxes would be abolished all together, along with a host of other non-essential taxes (of which most taxes are).  However, until Republicans control all three Houses, and in particular, fiscal conservative Republicans who are determined to shrink the size of government, that is unlikely to occur.  But we can get the ball moving in the right direction.

One of the most important things we can accomplish in regaining control of our economy, and growing that economy, and in creating a plethora of new jobs, and new tax revenue, is to reduce the risk involved in owning and operating a business, investing in that business and profiting from that business.  It makes absolutely no common sense, or smart business sense, to have among the highest corporate and capital gains taxes in the world.  The more we can reduce these taxes, make them more competitive, more attractive for American businesses who have already fled to other nations to return to America, and even for foreign business to relocate to America, the more we can reverse our stagnant economy, which is, in essence in a coma and on life support right now.

Obviously there are other business taxes associated, and we will need to deal with those too, as well as the entire tax system.  But if we can do this one thing, put that five-year moratorium on capital gains and corporate taxes, in that five-year period we will see our economy rebound and grow with dramatic results.  New businesses will be created; current businesses will expand; all of which will need new workers to meet demands.  Millions of real jobs, with competitive wages and salaries will be created, putting millions of Americans back to work, and dropping to unemployment rate well below 5%.

We know exactly what Schumer and the Democrats are up to with their Ex-Pat Act, but before we pooh-pooh it, let’s use it to our advantage for real and meaningful tax change in our country.  Of course, the Democrats might just walk away from the table and scrap their tax scheme altogether.  That is a possibility.

So what?

Republicans are in a good position to retain the House, pick up more seats in the Senate (if not take that too) and Romney is looking pretty good in the polls right now against Obama.  This may be the Democrats one and only opportunity to increase taxes before the election, and, if Romney’s wins, the last opportunity for a very long time.  Would Schumer and the Democrat Party risk blowing such an opportunity?  Just how badly do they want to “sock it to ‘em” – those Americans who renounce their citizenship in order to avoid, and to evade paying taxes?  Are we willing to find that out, or will we arrogantly squander a precious opportunity to cut taxes?

Americans – Get Off Your Lazy Butts And Get Back To Work!

Are you one of the millions of Americans sitting on your couch in your underwear channel surfing, thumbing through old books, glancing up every now and then to see if the mailman has brought your welfare/unemployment check?  Governor Chris Christie has offered up some advice for Americans like you who are still out of work – and still not looking for a job in this, our “paternalistic entitlement society”.

“Government’s telling them stop dreaming, stop striving, we’ll take care of you.  We’re turning into a paternalistic entitlement society.  That will not just bankrupt us financially, it will bankrupt us morally.  We’ll have a bunch of people sitting on a couch waiting for their next government check”.

The problem we face in America right now, and will continue to face so long as Obama remains President, is that the opportunity for full-time employment is extremely low.  Businesses are being pinched, over taxed and over regulated by Obama’s government and to an extent their own state and local governments.  Knowing and understanding this is fundamental because too many Americans still feel that so long as the welfare/unemployment checks keep coming in, there is no urgency for finding a full-time job.  Does anyone believe that even a slight majority of people collecting a check in some form from government is actively searching for a job – any job – whether it is full time or not?  In other words, if one can get by on government assistance, what incentive is there for independence, as opposed to government dependence?

Now that the federal extension for unemployment insurance is being reduced from 99 weeks to 73 weeks over the remaining year, 2012, more people will be looking for jobs, but the amount of jobs available will either be the same or lower.  In other words, because the full-time jobs are not there, and because more Americans will be thrown into a market that works much like musical chairs, this will leave millions of Americans both without jobs and without government assistance to get them through another month.  Action by Democrats and liberals only revolves around adding more weeks of unemployment insurance benefits.  But how many more weeks can government add before the time comes when jobless Americans will see their children pass through elementary school, Jr. High and high school, all while they are at home collecting a check?  Billions of dollars are being squandered, and while there are millions of Americans who genuinely need short-term assistance, are we supposed to overlook and ignore the many millions of Americans who are intentionally abusing and taking advantage of the system and taxpayers?

If enough full-time jobs are not available right now for every American who wants one, is there an alternative to get them, and those of us who also want and need to work full-time, through until those full-time jobs are available?

Of course.  The solution is to simply take on two or three very part-time jobs.  Those types of jobs are plentiful, and while they don’t pay as much as full-time, and don’t offer insurance or other benefits of full-time employment – they still offer a paycheck.  And paychecks, for people who need an income right now, are, and ought to be, more important in the short-term, while still looking for full-time employment.  It makes no sense to sit on the couch, collecting welfare/unemployment waiting, expecting – demanding – full-time employment, and refusing to leave that couch until someone comes along and offers you a that job.  It doesn’t work that way in America, in Europe, or anywhere in the real world.  Try living like that in Cuba, Venezuela, North Korea, China or any socialist “paradise” and “utopia”.  Mm, maybe France.

Why should Americans not be willing to “suck it in” so to speak (their pride, that is) and be willing to take these lesser paying jobs until the economy improves and business start offering more full-time jobs?  Virtually every single small business in America  that is still afloat, that is still fighting for life, is looking for extra help, even for a few hours a day or week.  We have been put in a situation, in America, primarily caused by Obama and the Democrat Party, that has seen businesses close their doors to new full-time hires, or close its door permanently, thereby laying off all its employees.  Our economy is very sensitive.  It does not react well to high taxes, high regulations, high inflation – and threat of even higher taxes, regulation and inflation.  Obama promises more of this, so why would any savvy business owners take on full-time employees during a time they know their cash flow is going to be further depleted?

Our best bet is to get off the couch, brush away the crumbs, grow some courage and take that part-time job across the street.  Get a few hours there, and go into the business next door as see what they have.  Doing this will put millions – tens of millions – of Americans back to work.  It will help an already fledgling small business sector, which account for about 75% off all business in America, get back on its own feet and pull our economy out of this hole.  The success of small businesses will cross over to medium and large businesses who rely and depend upon small business for myriad services.  And if/when big business is helped by small business, that extra help will transfer into the need, and urgency, for more full-time jobs.

If we have to work three or four, or five jobs, why should that be more insulting, more degrading, more indignant and more “work” than going to the mail box, collecting the welfare/unemployment check and taking it to the bank to cash it?

Clueless Peter Beinart Insults All Americans, Black and White (Mostly Black)

Will we ever reach a point in America where a white conservative, Newt Gingrich, can speak openly and honestly of how poorly black Americans are being treated by the Democrat Party, and of how little understanding a majority of black Americans have in knowing they are being intentionally used to propagate a liberal agenda that can only move forward, that can only survive, when most blacks and other “minorities” are kept in poverty and where their minds are kept darkened and diluted with racist, anti-white propaganda?  Liberals and the Democrat Party take the intelligence of black Americans for granted and, unfortunately, there is still a large portion of black Americans which give legitimate cause for why the Democrat Party can so easily take the intelligence of black Americans for granted.

Peter Beinhart, writing for The Daily Beast, attempts to slam Newt Gingrich because he dared to call President Obama the “food stamp” President, in reference to the fact that 47 million Americans are now on food stamps, and that black Americans ought to demand jobs not welfare checks.  How on earth can anyone find this “insulting” to black Americans, unless black Americans really only want to stay at home collecting welfare checks?  Beinhart calls Gingrich “ignorant”.

Gingrich’s problem isn’t racism; it’s ignorance. Only someone profoundly ignorant of African-American politics would suggest that black Americans have spent the past few decades seeking food stamps, not jobs.

The past few decades are not what is at issue.  The past few years, certainly since Obama took office, have seen an increase in black Americans demanding more free “goodies” from government and from Obama’s “stash”.  Black Americans who voted for Obama did so expecting he would deliver to them these free “goodies” in any number of government provided (but taxpayer funded) programs to assist them.  Black Americans aren’t exclusive to this idea, but more than any other group of Americans, they now feel they have been duped by Obama, and many blacks who once supported Obama are now openly criticizing him for not giving them more than they feel they deserve.

All Democrats, black and white, voted for Obama with the idea in mind that an Obama win would mean they would get something in return for their vote.  Obama never once during his campaign emphasized the importance and value of hard work over government assistance.  Obama has not done that as President.  His policies during his first two years, when Democrats controlled both the House and Senate, weakened our economy which in turn forced more businesses to lay off more workers, which in turn created more unemployment and put more people on welfare and government dependence including food stamps.  So Gingrich rightfully labeled Obama the “food stamp” President, much to the astonishment of Beinhart.

But for Gingrich—a veteran politician from the state of Georgia, speaking at a debate in South Carolina on Martin Luther King Jr.’s birthday—not to understand why calling the first African-American in the Oval Office the “food stamp” president would offend African-Americans is simply amazing. The most plausible explanation is that Gingrich inhabits a cultural and intellectual bubble. A bubble called the Republican Party.

More Americans are falling into poverty, or closer to it, because of the anti-business, anti-capitalist agenda the Democrat Party has put forward since 2006.  These initiatives have grown and bloated the size of government, skyrocketing the cost of paying for the programs Democrats have created and expanded.  The number of Americans who have found themselves being provided government assistance in one or more forms is dramatically increasing.  And every time Republicans fight to halt government expansion they are called racist because Democrats, and liberals like Beinhart, insist a smaller government puts black Americans at a disadvantage.

Is more welfare or more jobs the answer to black poverty?  Because Democrats tout more welfare, whereas Republicans tout more jobs.  And for that, we are called racist, insensitive, bigoted, ignorant.  Beinhart is in his own little bubble, and it isn’t comprised with a shred of intellectuality or common sense.

If increasing the size of government, expanding already existing programs and creating even more programs to provide assistance to an ever larger pool of Americans who are out of work, is the answer to poverty in America, is raising taxes on business in order to pay for larger government and more government programs the solution to poverty in America?

In other words, if raising taxes on business, who in turn will have to pass that cost on to their customers, who in turn will stop purchasing from them, or purchase less, which in turn will slow and lower the profit base, which in turn will cause business owners to stop hiring, and/or lay off employees in order to stay afloat, which in turn creates more unemployment and more Americans on welfare and government assistance, which in turn causes government to expand and Democrats to call for raising taxes even more on business in order to pay for new government expansion – all of which creates this never-ending cycle of liberal madness, how are black Americans, any Americans, “helped” if the only way they can be “helped” is when government is large enough to provide every American with enough assistance to keep them from starving, from being thrown out of their homes, from falling further into poverty and despair – if the only way government can do this is to grow and expand by raising taxes on business which causes more and more businesses to lay off more employees – if business failure is the cause for more Americans forced to seek government dependence because government is ever-increasing their taxes, lowing their profits and making it harder for business owners to keep their employees and stay in business?

That is the very, very long and unnecessary way around the solution to a problem which is best answered by less government and lower taxes and regulation on business.  Do that and businesses will have more money and be more competitive and profitable, which will see fewer business laying off employees and more businesses hiring employees.  The more businesses hiring employees, the fewer people there will be on welfare and food stamps.

The fewer people there are on welfare and food stamps, the less likely Barack Obama will be dubbed the “food stamp” President, and perhaps Peter Beinhart can finally get a good night’s sleep knowing black Americans aren’t being “insulted” by such rhetoric.

I don’t doubt that Newt Gingrich wants to help African-Americans, just like I don’t doubt that George W. Bush wanted to help Iraqis. But in politics, if you want to help people, it’s a good idea to learn something about them first.

On the other hand, for someone, like Beinhart, who thinks Black Americans are too stupid to think for themselves, who wants black Americans to remain too stupid to think for themselves, if more black Americans were employed, making a living, and less dependent on government, wouldn’t they be smart enough to think for themselves – to themselves – and know that welfare and more government was never the solution to their poverty but the problem?

Isn’t it Peter Beinhart, not Newt Gingrich, who is really being “insulting” to black Americans?

Racist New York Times Mocks Black Americans; Al Sharpton, Jesse Jackson Look The Other Way

Can we expect mocking and degrading black Americans to become a staple at the New York Times?  Or was this just a one time incident?  And who at the New York Times should be held responsible for such blatant racism, such total disregard and hatred for black Americans?  Will anyone demand to know why The New York Times hates black Americans?  Will anyone demand to know why the New York Times accepts the debasing of black Americans to satisfy their own agenda?  If Fox News had written this editorial, Al “Uncle Tom” Sharpton would be calling them racist.  Jesse “Uncle Tom” Jackson would be filing a lawsuit.

And yet, for the New York Times to have used government layoffs, a very slight downsizing in the over all employment in the government work force, as justification for writing an editorial blasting racism as the reason for the loss of jobs, deflecting the cause for these eliminations onto conservatives and Republicans (who by in large support smaller government) itself evokes racism – and The New York Times knows it!

Black Americans are being used as puppets by The New York Times and most probably don’t even know it.  Black Americans are being intentionally taken advantage of and used by The New York Times in their slimy, yellow journalistic endeavor to help the Democrat Party.  In other words – The New York Times looks upon black Americans as being ignorant, uneducated, illiterate fools that are too stupid to see it, The New York Times, is mocking them, pointing their fingers and laughing at them.

Most black Americans will undoubtedly remain silent.  The Democrat Party, which is in league with The New York Times, has trained them to fall in line and march to their orders.  And those black Americans with a mind of their own – conservative blacks – are too few in number to make a difference right now; and every time they try to speak up they are shot down by the millions of black American pawns in the pocket of the Democrat Party, as well as the millions of white liberals who find comfort in justifying their own “latent racism” by condemning and excoriating black conservatives who would dare to have the courage to reject the “me, me, me” mentality liberals have, for generations, ingrained in America’s “minorities”.

Writes The New York Times:

The cutbacks hurt more than just services, they hit black workers particularly hard.  Millions of African-Americans — one in five who are employed — have entered the middle class through government employment, and they tend to make 25 percent more than other black workers. Now tens of thousands are leaving both their jobs and the middle class. Chicago, for example, is laying off 212 employees in the upcoming fiscal year, two-thirds of whom are black.

Did you catch the racism?

The New York Times is insisting, through subtext, that black Americans can only make a living, can only get ahead in life, in America, by being employed by the federal government; by being taken care of by the federal government; by being dependent on the federal government for everything in their lives, including jobs.  That is the blatant racism of The New York Times which will be overlooked by most black Americans.

What is missing, what is untold, is the story of how the federal government, its economic policies, structure of taxation and regulatory demands have confiscated an enormous amount of wealth from the private sector.  What The New York Times will not report is that should the federal government reverse its draconian anti-business, anti-capitalist policies (and this will happen more under Republican control than Democrat) millions, and millions, of high paying, highly competitive jobs will be created.  Enough jobs for all Americans (who want jobs), including for black Americans.

What the racist New York Times will not inform black Americans of is that unemployment within the black community can be decimated, permanently wiped out, should our federal government take a more pro business approach to solving the economic woes we all are currently feeling the effects of, instead of writing racist fodder for the Democrat Party.

Want more blatant racist, and Democrat butt-licking from The New York Times?

Many Republicans, however, don’t regard government jobs as actual jobs, and are eager to see them disappear. Republican governors around the Midwest have aggressively tried to break the power of public unions while slashing their work forces, and Congressional Republicans have proposed paying for a payroll tax cut by reducing federal employment rolls by 10 percent through attrition. That’s 200,000 jobs, many of which would be filled by blacks and Hispanics and others who tend to vote Democratic, and thus are considered politically superfluous.

We are “eager to see them disappear” not because we are salivating at the prospect of seeing even more black Americans thrown into unemployment, but because government is too vast, too encompassing, too controlling; because the more government jobs there are, the more of our money is being taken away to support their salaries.

“Actual jobs’ are ones in which are created by the private sector because there is a need and a demand for them, and because these jobs satisfy and fill that demand.  There is a worth, a value, in having those private sector jobs, and business owners are willing to pay wages and salaries accordingly to ensure these positions are filled.  In other words – this is money being paid to employees, through private funds, which is not lost but invested wisely.  What “demand” do government jobs satisfy say in the Education, Transportation, Agriculture, Housing and Urban Development, Labor and Energy?  Other than to enlarge government, and provide Democrats and Liberals reasons for raising taxes and keeping taxes perpetually, unfairly high, these federal departments have no value, no substance, no purpose.

Black Americans are not unequally, dis-proportionality unemployed because of conservatives and Republicans.  Rather, the high unemployment rate among black Americans is a result of a master plan engineered by liberals and the Democrat Party to keep them in poverty, unemployed and dependent on government.  The effect of this is to keep black Americans united within the Democrat Party itself – a powerful voting block to ensure Democrats remain in power.

What can be more racist than that?

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