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They have lots of mobility:
New York Assembly Speaker Sheldon Silver is reportedly pitching a plan for an increased “millionaire’s tax” aimed at 75-85 thousand New Yorkers making $1 million or more a year.
And for those brokers who don’t move, consider this. The top earner types among brokers will demand pay raise to maintain their levels of income, their firms will achieve this by raising fees. The Result? This will turn into a tax on stockholders no matter where they live.
WTG New York
Rick Stengel gives this as the solution to promote other energy. Higher energy taxes that will solve everything and this is the time to pass it while the crisis is in play.
Amazingly nobody on the Morning Joe set challenged him on this.
Well once Newsweek is dead and buried (unless Rush buys it and makes it a conservative journal but apparently the post won’t allow it) maybe all twelve readers can head on over to Time Magazine to keep their bottom line healthy.
Hey if MSNBC can survive in a niche market I’m sure Time can too.
I will give Stengel credit for admitting that panic over three mile island set back the Nuclear industry in the US by decades contributing to our problems.
Just 12 hours ago I wrote this:
The new Fiscal commission has one single purpose: To give congressional democrats political cover for the creation of a national VAT/sales tax. Even rank and file democrats aren’t going to support this, but once there is a commission then the media will make it the “responsible” decision and the lemmings who walk with the democrats and the media will do so.
Right on cue here is the Washington post describing the VAT as responsible:
The sensible real-world answer, many economists argue, is a value-added tax that would encourage saving at the same time it pays down the deficit to manageable levels. But politicians are terrified of being right too soon on this one.
As opposed to actually freezing and/or cutting government which for some reason isn’t a sensible answer.
Unfortunately for David Ignatius et/al the public see through this stuff as Rasumssan reports:
President Obama this week formally kicked off meetings of his bipartisan deficit reduction commission, but most Americans view the commission as cover for Congress to raise taxes.
I think people might have finally decided they’ve had enough and all the MSM advocacy in the world is not going to change it.
Type: Noun
Accepted Meaning A group of persons directed to perform some duty.
Actual meaning: When prefaced by the word “government.” Political Cover
Purpose of accepted meaning: To deceive the public as to your true intentions.
Result of said purpose: Being able to vote for an unpopular law without actually taking responsibility saying that you are only following the recommendations of the commission.
Commentary:
In this case very simple. The public is on the verge of a tax revolt but the liberals/progressives/socialists want to perpetuate and expand the welfare state. In order to do so they need to find a new source of revenue but the only source that is available is the middle/lower classes. As has already been demonstrated support for a VAT is political death. The new Fiscal commission has one single purpose: To give congressional democrats political cover for the creation of a national VAT/sales tax. Even rank and file democrats aren’t going to support this, but once there is a commission then the media will make it the “responsible” decision and the lemmings who walk with the democrats and the media will do so.
And let me tell you once Government has a new source of revenue from you, democrats, republicans et/al they will want it for themselves!
If we as a people do this to ourselves then we will deserve the end result.
You have been warned.
Update: Via Itsonlywords on twitter. Can someone explain to me how the president say: “at a certain point you’ve made enough money” but there is never a certain point where we have been taxed enough nor a certain point when the government has spent enough?
Update 2: HotAir makes it the quote of the day
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