Archive for the ‘Taxes’ Category

CBO: President Fail To Create a $20 Trillion Deficit by 2021

March 23, 2011

The Congressional Budget Office (CBO) says that President Barack Obama’s 2012 budget will cause large and persistent yearly deficits that will push the public debt to $20.8 trillion by 2021.

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Another $58 million Dumped Down The Toilet

January 12, 2011

(CNSNews.com) – A clean energy company is closing its factory in Massachusetts, just two years after it opened the solar plant with about $58-million in taxpayer subsidies, the Boston Globe reported. Evergreen Solar calls itself a victim of weak demand and competition from cheaper suppliers in China.
The newspaper describes Evergreen Solar’s closing a major hit to Democratic Governor Deval Patrick’s efforts to make Massachusetts a hub of the emerging clean-energy industry.

READ MORE: Mass. ‘Clean Energy’ Plant Closing After $58 Million in State Aid

Let’s All Watch Illinois Implode

January 12, 2011

So, Illinois just approved a 66% income tax increase during a depression. Let’s all watch as revenues decline over the next few years and taxPAYERS move away.

The average person just doesn’t get it, the government can tax us all at 100% and they will still spend 105% (Mark Levin)

Yeah yeah, I know there’s a 2% spending increase trigger in the law but I’m betting it will take less than two years for a new law to nullify that provision. The tax-lovers have their foot in the door.

READ MORE: Illinois Lawmakers Approve 66% Tax Hike

It Begins: Europe Starts Seizing Private Retirements

January 4, 2011

People’s retirement savings are a convenient source of revenue for governments that don’t want to reduce spending or make privatizations. As most pension schemes in Europe are organised by the state, European ministers of finance have a facilitated access to the savings accumulated there, and it is only logical that they try to get a hold of this money for their own ends. In recent weeks I have noted five such attempts: Three situations concern private personal savings; two others refer to national funds.

European nations begin seizing private pensions – CSMonitor.com

Government Intelligence: Kill The Cow To Prevent It From Dying

December 16, 2010

The House just passed a bill to aid compaines hurt and workers laid off by foreign import by MAKING IN CHEAPER TO IMPORT FOREIGN CRAP! [Bangs head]

The summary of the bill is that it’s full of ‘re-training’ spending and it lowers the import duties on ‘materials used by US businesses’. Meaning: We’re going to hurt ourselves even more by allowing more foreign imports and fake out the public by saying “it’s only raw materials.
The problem with this is that, there’s pretty much no raw material that we couldn’t produce ourselves. As usual, the government won’t make sensible changes to stimulate raw material production, or any other form of manufacturing.

An observation

June 8, 2010

You can quote me: ‘Government is a tick on the economy’.

Los Angeles Red Light Cameras Lead To Increased Accidents

November 16, 2009

The city has claimed that the cameras reduced accidents by 34%, but a little fact-checking proved this assertion wrong:

Is it money or safety? We wanted to know actual numbers of accidents at red light camera intersections to see if they really went down.

When we asked, the LAPD became very defensive. The sergeant in charge told me in an e-mail, “The city would hope that it is the goal of KCBS/KCAL to discuss the positive aspects of the photo red light program.”

So we filed a public records request. The department charged us more than $500 for a computer run. When we got the numbers back, they told a different story.

We looked at every accident at every red light camera intersection for six months of data before the cameras were installed and six months after.

The final figures? Twenty of the 32 intersections show accidents up after the cameras were installed! Three remained the same and only nine intersections showed accidents decreasing.

 

THE ARTICLE: Los Angeles Red Light Cameras Lead To Increased Accidents

More Law Enforcement For Profit…

November 13, 2009

From Detroit (but it’s pretty much the same everywhere)-

Police property seizures ensnare even the innocent

“Local law enforcement agencies are raising millions of dollars by seizing private property suspected in crimes, but often without charges being filed — and sometimes even when authorities admit no offense was committed.”

The Article: Police property seizures ensnare even the innocent

Geithner gone in 3… 2… 1…

March 5, 2009

Uh oh! Looks like democrat tax-cheat Geithner is gonna be the first Obama scape-goat…  (my prediction)

Newsflash: Wonderboy Treasury Secretary is in over his head

(H/T Michelle Malkin)

A Letter From The Boss…

January 21, 2009

Whether it’s real or not doesn’t matter, the message is still dead on-

A Boss Who Tells it Like it Is …

To All My Valued Employees,

There have been some rumblings around the office about the future of this company, and more specifically, your job. As you know, the economy has changed for the worse and presents many challenges. However, the good news is this: The economy doesn’t pose a threat to your job. What does threaten your job however, is the changing political landscape in this country. However, let me tell you some little tidbits of fact which might help you decide what is in your best interests.

First, while it is easy to spew rhetoric that casts employers against employees, you have to understand that for every business owner there is a back story. This back story is often neglected and overshadowed by what you see and hear. Sure, you see me park my Mercedes outside. You’ve seen my big home at last years Christmas party. I’m sure; all these flashy icons of luxury conjure up some idealized thoughts about my life.

However, what you don’t see is the back story.

I started this company 28 years ago. At that time, I lived in a 300 square foot studio apartment for 3 years. My entire living apartment was converted into an office so I could put forth 100% effort into building acompany, which by the way, would eventually employ you.

My diet consisted of Ramen Pride noodles because every dollar I spent went back into this company. I drove a rusty Toyota Corolla with a defective transmission. I didn’t have time to date. Often times, I stayed home on weekends, while my friends went out drinking and partying. In fact, I was married to my business – hard work, discipline, and sacrifice.

Meanwhile, my friends got jobs. They worked 40 hours a week and made a modest $50K a year and spent every dime they earned. They drove flashy cars and lived in expensive homes and wore fancy designer clothes. Instead of hitting the Nordstrom’s for the latest hot fashion item, I was trolling through the discount store extracting any clothing item that didn’t look like it was birthed in the 70’s. My friends refinanced their mortgages and lived a life of luxury. I, however, did not. I put my time, my money, and my life into a business with a vision that eventually, some day, I too, will be able to afford these luxuries my friends supposedly had.

So, while you physically arrive at the office at 9am, mentally check in at about noon, and then leave at 5pm, I don’t. There is no “off” button for me. When you leave the office, you are done and you have a weekend all to yourself. I unfortunately do not have the freedom. I eat, and breathe this company every minute of the day. There is no rest. There is no weekend. There is no happy hour. Every day this business is attached to my hip like a 1 year old special-needs child. You, of course, only see the fruits of that garden – the nice house, the Mercedes, the vacations … you never realize the back story and the sacrifices I’ve made.

Now, the economy is falling apart and I, the guy that made all the right decisions and saved his money, have to bail-out all the people who didn’t. The people that overspent their paychecks suddenly feel entitled to the same luxuries that I earned and sacrificed a decade of my life for.

Yes, business ownership has is benefits but the price I’ve paid is steep and not without wounds.

Unfortunately, the cost of running this business, and employing you, is starting to eclipse the threshold of marginal benefit and let me tell you why:

I am being taxed to death and the government thinks I don’t pay enough. I have state taxes. Federal taxes. Property taxes. Sales and use taxes. Payroll taxes. Workers compensation taxes. Unemployment taxes. Taxes on taxes. I have to hire a tax man to manage all these taxes and then guess what? I have to pay taxes for employing him. Government mandates and regulations and all the accounting that goes with it, now occupy most of my time. On Oct 15th, I wrote a check to the US Treasury for $288,000 for quarterly taxes. You know what my “stimulus” check was? Zero. Nada. Zilch.

The question I have is this: Who is stimulating the economy? Me, the guy who has provided 14 people good paying jobs and serves over 2,200,000 people per year with a flourishing business? Or, the single mother sitting at home pregnant with her fourth child waiting for her next welfare check? Obviously, government feels the latter is the economic stimulus of this country.

The fact is, if I deducted (Read: Stole) 50% of your paycheck you’d quit and you wouldn’t work here. I mean, why should you? That’s nuts. Who wants to get rewarded only 50% of their hard work? Well, I agree which is why your job is in jeopardy.

Here is what many of you don’t understand .. to stimulate the economy you need to stimulate what runs the economy. Had suddenly government mandated to me that I didn’t need to pay taxes, guess what? Instead of depositing that $288,000 into the Washington black-hole, I would have spent it, hired more employees, and generated substantial economic growth. My employees would have enjoyed the wealth of that tax cut in the form of promotions and better salaries. But you can forget it now.

When you have a comatose man on the verge of death, you don’t defibrillate and shock his thumb thinking that will bring him back to life, do you? Or, do you defibrillate his heart? Business is at the heart of America and always has been. To restart it, you must stimulate it, not kill it.

Suddenly, the power brokers in Washington believe the poor of America are the essential drivers of the American economic engine. Nothing could be further from the truth and this is the type of change you can keep.

So where am I going with all this? It’s quite simple.

If any new taxes are levied on me, or my company, my reaction will be swift and simple. I fire you. I fire your co-workers. You can then plead with the government to pay for your mortgage, your SUV, and your child’s future. Frankly, it isn’t my problem any more.

Then, I will close this company down, move to another country, and retire. You see, I’m done. I’m done with a country that penalizes the productive and gives to the unproductive. My motivation to work and to provide jobs will be destroyed, and with it, will be my citizenship.

So, if you lose your job, it won’t be at the hands of the economy; it will be at the hands of a political hurricane that swept through this country, steamrolled the constitution, and will have changed its landscape forever. If that happens, you can find me sitting on a beach, retired, and with no employees to worry about …

Signed,
Your boss