Dec 29, 2008

Before you get too excited...

...about Obama not raising taxes, consider the following:

He is going to print a TRILLION dollars' worth of "new jobs".

It's the worst sort of taxation without representation. It could be said to be the only "flat" tax we'll ever have. Now I don't know exactly how much currency the engravers will gin up, but flooding the market with counterfeit (might as well be) money is one sure way to make sure everybody has less than before and the government has more. And its employees have more, too.

I saw this lovely little tidbid last night, lost track of it, and found it anew at TJIC's place.

From Globaleconomicanalysis Blog:

State and local public employees comprise approximately 12 percent of the U.S. workforce and have an estimated $800 billion or more of unfunded pension liabilities (not counting other post-employment benefits). By comparison, employees in the private or corporate sector make up about 78 percent of the U.S. workforce with an estimated $450 billion of unfunded liabilities.

If the Left could just get half as indignant about this unequal distribution of wealth as they do about America as compared to the rest of the world, we might be able to work together to fix things. As it is, I don't see anyone giving up their sweet, sweet government jobs (in 15 years, just look at the over 60% growth in top grade positions for whites, and almost 300% growth in top grade positions for blacks, and that survey is almost 10 years old) and pensions, nor do I see the heads of government agencies being villified for their inept handling of the public trust.

If our government were a business, it would have failed by now. Oh,wait...


QP said...

... nor do I see the heads of government agencies being villified for their inept handling of the public trust.

As we await Bush's replacement to straighten our wayward lives, it's crucial to understand how we got here and why policy makers are so determined to do the wrong thing, i.e. keep the same fraudulant, thieving, intentional deceiving scam going.

wv: lewor; yep, it's on the horizon.

Joan of Argghh! said...

Oooh! I love the villification of Hamilton. When ideas don't bring the power you want, wrest it away with lawspeak.

No one speaks of Hamilton's motivation for power-mongering although I suppose power for power's sake would suffice.

pamibe said...

Everyone will be working for Uncle Sam if D.C. keeps printing money to bail out everybody who asks..

Joan of Argghh! said...

Why Pam, you've perfectly described Socialism!

GUYK said...

problem is that government never produces wealth...just loots it from those who have it and wastes it on those who are too gotdam lazy or stupid to earn it themselves.