Archive for December 3, 2010

Next time someone argues that tax cuts need to be paid for follow these steps:

Step 1: Ask them to hand you a $20

If they say NO press them, if they point out it is their money ask why they have a right to keep their own money but someone else doesn’t?

If they say YES or just give you the money put it in your pocket and drop the subject.

Step 2: Wait for them to ask you for it back.

If they don’t ask for it back, keep it until they do, if they never ask for it back when you see them next go back to Step 1

If they ask for it back, inform them they you can’t give it back until you can find a way to “pay” for that $20. If they absolutely insist tell them you’ll be happy to negotiate a deal whereby he gives you $5 a week over the next 4 weeks and you will give them back that $20.

If they argue that it’s not the same thing because they are not “rich” point out any one thing that they own that you don’t to illustrate they have more than you and how unfair that is. Watch them become free market capitalists almost instantly!

Rampant Corruption, Bribes and payola….

Posted: December 3, 2010 by datechguy in opinion/news

That settles it, the US can’t do business in such a place.

The US needs to pull out of Massachusetts!

I blame the Karzai government.

The Tax Cut misconception

Posted: December 3, 2010 by datechguy in economy, opinion/news
Tags: , , ,

As I was going door to door yesterday I stopped at a book store that absolutely screams “progressive” but is a mostly cool place with a fair amount of Anime and some wonderful used old volumes. At the store I asked the question I ask at almost every business, what would you do to stimulate the economy?

It was his opinion that the problems were systemic (first person to have that conclusion that I talked to) however there is one thing he knew for sure:

I wouldn’t give tax cuts to the rich.

I don’t know who he thinks actually hires people (I’ve never seen a paycheck written by a poor person) but his opinion has been a distinct minority in the hundreds of doors I’ve knocked on in the last month.

It’s certainly not my business to argue with potential customers (and he is more than welcome to get on our customer waiting list with the show sold out) but let me make the opposite case.

It has been amply demonstrated that Cutting Taxes across the board increases tax revenue as the money gets spent over and over (and is taxed over and over at the lower rate). It’s a simple business principle. You make more money selling 5 items with a $1 markup then 2 items at a $2 markup.

Remember Williams Restaurant? If you can’t sell a $20 steak sell $8 burgers and sell more of them.

People seems to have this image of rich people as Scrooge McDuck with a Money Pile diving into it, or of Mr. Krabs chasing pennies, you are more likely to see the rich chasing profit and or comfort and both of those things generate jobs.

It is the rich who chasing profit, invest in new business’ and ventures financing both their ideas and the ideas of others. This is the a big job creator.

And it is also the rich who after making said money buy expensive things like yachts and customer cars or restoring WW 2 Tanks and other expensive hobbies, this employees a lot of people.

And it is the rich who keep their houses spic and span hiring staff and cleaning companies and landscapers etc…

And if you are an artist, tell me who is going to pay you $5000 for some bent metal or a faux stuffed emu? It is not going to be the avg guy. It is either going to be the rich who have money or the government who is spending another persons money.

The truth is many people don’t care about the revenue levels, they are simply socialists looking to redistribute wealth and punish those who in their mind have too much.

The secret to a happy life is to not worry about if someone else has more than you. Do the best you can with what you have and appreciate it.

And as I type this the unemployment rate went up to 9.8%. Unexpectedly I’m sure.

I hate conventional wisdom, because it means nothing, it is like a poll, its what some people say “everybody” thinks at a given moment.

Over the last few years we have been told that a military strike against Iran would inflame the Arab Street, how it would destabilize the entire area. How nobody would be with us. This has been the case.

Today on Morning Joe Bob Woodward and Eugene Robinson discussing WikiLeaks are saying with a straight face that OF COURSE we know that the Arab nations want us to strike at Iran and of Course, everybody already knew this.

I never cease to be amazed that our liberal friends think our attention span and our memory is so short that we don’t recall the old arguments that were once made by icons of the left.

I don’t know what is more disturbing, that they take us for such fools or that some people give these guys credibility.

Conventional Wisdom is what everybody knows is true, right up to the moment when it is not.