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What better way to see in to the mind of a madman then through his writings

Daniel Henninger of the Wall Street Journal brings us this insightful idea of understanding Obama. Of course we already know Obama, and this is just reinforcement, but more proof is always a better argument.

Let me introduce his third, a book that will touch everyone’s life: "A New Era of Responsibility: Renewing America’s Promise. The President’s Budget and Fiscal Preview" (Government Printing Office, 141 pages, $26; free on the Web). This is the U.S. budget for laymen, and it’s a must read. Turn immediately to page 11. There sits a chart called Figure 9. This is the Rosetta Stone to the presidential mind of Barack Obama. Memorize Figure 9, and you will never be confused.

fig9

The one on page 11 is attributed to "Piketty and Saez."

Either you know instantly what "Piketty and Saez" means, or you don’t. If you do, you spent the past two years working to get Barack Obama into the White House. If you don’t, their posse has a six-week head start on you.

Thomas Piketty and Emmanuel Saez, French economists, are rock stars of the intellectual left. Their specialty is "earnings inequality" and "wealth concentration."

Thanks to Pej, we are now well aware of the Laffer Curve as it is an economic argument for lowering tax rates for everyone. Piketty-Saez is a moral argument for raising taxes on the rich.

It’s important to understand who Thomas Piketty and Emmanuel Saez are. They are economists, of course but they are, in reviewing their positions, pure socialists.

Piketty has written such wonderful position papers titled: Social mobility and redistributive politics; Can fiscal redistribution undo skill-biased technical progress; Income inequality in the United States, 1913-1998; there’s more, but you get the picture.

Not to be left out Saez has also written many papers with the focus on income and wealth concentration (read stealing from the poor). But one stands out as even more devious; "The Elasticity of Taxable Income with Respect to Marginal Tax Rates: A Critical Review" with Joel Slemrod and Seth Giertz, preliminary draft February 2009, in preparation for the Journal of Economics Literature. Elasticity is about how much you can charge for a product before consumer demand drops so Saez is implying that the government should raise taxes as high as possible until there is essentially revolt.

 

These are the people our president has chosen to include into the budget as reinforcement of the reasoning to raise taxes.

The "top 1%" isn’t just going to pay for these policies. Many of them would assent to that. The rancorous language used to describe these taxpayers makes it clear that as a matter of public policy they will be made to "pay for" the fact of their wealth — no matter how many of them worked honestly and honorably to produce it. No Democratic president in 60 years has been this explicit.

The White House says its goal is simple "fairness." That may be, as they understand fairness. But Figure 9 makes it clear that for the top earners, there will be blood. This presidency is going to be an act of retribution. In the words of the third book from Mr. Obama, "it is our duty to change it."

Taxation for one, taxation for all. Even people I know who are pro-Obama are opening their eyes to the anti-success, anti-business Obama policies coming out now. And they are scared just like I am.

 

Also available at Redstate.com

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With republicans like this who needs democrats

There is no doubt that Arizona, like many other states has a financial problem. Combined with the wonton free spending spree started by then Democrat Governor Janet Napolitano (now Homeland Security Secretary) and the sudden housing bubble pop in a state that was dependant upon that income. Heck, even the popular and always in demand TAZER is having problems.

From AZ Central

Gov. Jan Brewer is asking lawmakers to approve or send to the ballot a temporary tax increase that would generate $1 billion a year for state government…Chronic overspending and a deep economic downturn have left the state with a budget shortfall totaling roughly $3 billion for fiscal 2010. At its current rate of spending, Brewer warned legislators that state government would accumulate $13 billion in combined deficit by 2014.

This is not the action of a true conservative. However, there may be a silver lining on the black cloud. Also outlined by Gov. Brewer:

•  Amend the Voter Protection Act of 1998, which would allow legislators to redirect or cut funding to certain state programs that were approved via citizens initiative. This would impact everything from the First Things First early-childhood-education program to Clean Elections.

•  Use spending cuts and other fiscal maneuvers to trim another $1 billion from the state general fund for fiscal 2010.

  Reform the state budget process by limiting fund sweeps and revising how revenue estimates are reached.

•  A series of tax cuts that would begin in 2012. The cuts would be aimed at building "a more friendly tax code that attracts investment capital and helps create high wage, sustainable jobs."

Former Governor Fife Symington and Jeff Flake (R-AZ-6) “…are warning against raising sales or other taxes to solve the state’s $3 billion and growing budget gap.

Flake and Symington sent a letter to lawmakers Tuesday asking them to oppose any sales or other tax hike push, arguing it would hurt consumers and the economy.

“Last year, 120,000 Arizonans lost their jobs,” Flake and Symington wrote. “Saddling this anemic economy with higher taxes will exacerbate job losses, slow productivity, and cast a psychological pall over an increasing number of anxious Arizona workers and employers. California has tried to solve their budget chaos by raising taxes.”

There is no excuse for asking for tax increases and I am against them completely. Bravo Jeff Flake!!

 

Also available at PhxGonline.com

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