Tuesday, June 29, 2004

U.S.: If Democrats win the election, we're going to tax your arse, says Hillary

Forget all the flip-flopping BS that Kerry spouts. The real power in the Democrat party has spoken. Here's what Hillary Rodham Clinton had to say recently.:

Headlining an appearance with other Democratic women senators on behalf of Sen. Barbara Boxer, who is up for re-election this year, Hillary Clinton told several hundred supporters -- some of whom had ponied up as much as $10,000 to attend -- to expect to lose some of the tax cuts passed by President Bush if Democrats win the White House and control of Congress.

"Many of you are well enough off that ... the tax cuts may have helped you," Sen. Clinton said. "We're saying that for America to get back on track, we're probably going to cut that short and not give it to you. We're going to take things away from you on behalf of the common good."
Now some of Hillary's supporters could cough up $10K to hear her break oral wind. That's cool. I'm glad for them. That's what capitalism is all about.

What sticks in my craw is the Democrat belief that they know better than us what to do with our money; therefore, they will not let us keep it ... "on behalf of the common good"! Are we the Soviet Union? Is that where the Democrats want to take us?

Take this, for instance. The federal government recently sent out a warning to states to spend that $2B of federal funds for education or they'll lose the money in the next budget. Since when does a state have to be reminded to spend money? Under what conditions will such a reminder be issued? Right. Such a reminder will be needed if the state is not spending because it has a surfeit of money and can't waste what it has fast enough to burn new cash. Here's an excerpt from the report:
WASHINGTON States are getting a reminder from the federal government: Make plans quickly to spend more than $2 billion in education money or be ready to lose it.

The Education Department has found that all the states, the District of Columbia and eight territories have high cash balances left from 2002, including money meant for poor children, disabled students and limited-English learners.
Yet, liberals have been sqawking that GWB has insufficiently funded No Child Left Behind. How much taxpayer money must that bottomless pit, government, blow for it to be enough? In spite of this over-funding, Democrats still want to take our money. Why?

When Hillary Clinton -- out of some infinite wisdom that the intelligentsia is supposed to posses more than the dumb grunts who actually work for the money -- says Democrats plan to take our hard-earned dollars for some "common good," she is talking communist, redistributive politics. Take from the working man, and give to the slacker. Is Kerry of a different mind? No. He has a higher liberal rating in Congress than Ted 'Chappaquiddick' Kennedy.

Frankly, I don't care if a guy makes $1 or $1M. What he earns is his. He paid his dues and did what he had to to get that pay check. No government has the right to tell him you're going to have to give up your hard-earned money for some "common good." If the guy wants to give to charity, that's his affair. That's the thing with Democrats -- they always know better than you what ought to be done with your money.

If Democrats win the White House and Congress, expect the U.S. economy to become like those lousy economies in Europe. The principle at work here is this -- when taxes are increased, people will either work less to pay less taxes, or they will find ways, legal and illegal, to hide their money so that the government can't take it from them. Either way, the amount of revenue available for the "common good" will be far less than if taxes were cut. When taxes are decreased, capital enters the economy because a low tax rate is less punitive when assets are sold. In the 1990s, a Republican Congress saved Clinton from his boondoggle of the most massive and retroactive tax increase in U.S. history. The best revenue maker for the U.S. is a 10% across the board flat tax. That will simplify the tax code, increase government revenues, and will provide massive incentive for investment. Watch the economy boom. It's happening in Russia.

If Democrats control both the White House and the Congress, nothing will stand in the way of the bandits who will be controlling the government.

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