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    Who are the NERD fund donors Mr Snyder?

    Raise the curtain.

    Accounting for the Tax Cut Extension Compromise

    By The Wizard of Laws, Section News
    Posted on Wed Dec 08, 2010 at 12:11:20 PM EST
    Tags: compromise, cost, cuts, extension, rates, taxes (all tags)

    Cross-posted in The Wizard of Laws

    Not a long post today, just something that bugs me.

    Some people are assailing the just-announced compromise on extending the Bush-era tax cuts, complaining that it will cost the government hundreds of billions of dollars.

    This is sheer nonsense or, as we say, sophistry.

    Keeping tax rates the same means that the government will continue to extract the same percentage of income from you and me that it has taken in the past. Thinking of that as "costing the government money" is to argue that it is the government's money to begin with.

    Get it?

    Taxes cost US money. Keeping taxes where they are does not "cost" anything.

    Maintaining tax rates at their current levels "costs" the government the same way that steel vaults "cost" bank robbers or alarms "cost" car thieves.

    < In the Best Interests of a Detroit Child | Our ETS Can Pole Vault >

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    A friend of mine . . . (none / 0) (#1)
    by Kevin Rex Heine on Wed Dec 08, 2010 at 03:10:46 PM EST
    . . . about a week ago made the sage observation that this debate in Congress isn't so much about supporting the extension of the Bush tax cuts as it is about opposing the enactment of the Obama tax hikes.

    The intellectual elitists of the mainstream media want Bush's name associated with the core topic of this debate; because in doing so it evokes the image of putting an end to something that protects only the wealthiest 10% of the American population.  However, associating Obama's name with the core topic of this debate evokes the image of opposing something that will screw everyone if it's enacted.  The only reason that the truth of what's going on here isn't out in the public discourse is because -- yet again -- we've allowed the liberal elites to set the terms of the debate.

    We really need to quit doing that.

    For those trolls and lurkers who may need a primer on how U.S. tax policy actually works in practice, you may find it useful to read an article that I wrote back in October of 2008; it's actually quite educational.

    :D Surely, even trolls and lurkers (none / 0) (#2)
    by maidintheus on Wed Dec 08, 2010 at 08:39:07 PM EST
    are smart enough to understand that this class warfare isn't "giving" (per nancy pelosi) a thing to the folk who have money. It just chases them away and it costs the country jobs. The people with money aren't going to suffer, it's everyone else who have to kiss bye bye to the investments of the rich.

    • Bingo! by Corinthian Scales, 12/08/2010 10:25:14 PM EST (none / 0)
    I just got done watching... (none / 0) (#4)
    by KG One on Thu Dec 09, 2010 at 09:45:13 AM EST
    ...Washington Journal on C-Span this am.

    They just had on Rep. Keith Ellison, who give pretty much that very same argument for the Obama tax hikes: gov't will lose money, we are trying to prevent an aristocracy in America, we need the death tax to fund gov't.

    The usual bunk.

    Ya know (none / 0) (#5)
    by grannynanny on Thu Dec 09, 2010 at 11:21:01 AM EST
    I thought these politicians were supposed to be smart????  When are THEY going to figure out that the money they play politics with is OURS???

    And the people are holding them accountable.  These dipsh!ts got us into this mess over the last 40-50 years by do nothing but spend money on useless sh!t and now they want us to pony up and pay for their mistakes?  Ummmmmm no sir/madam.  Suck it up and undo some of the ridiculous spending of the past and drastically cut the fluff spending right now (arts, grants, etc.).  

    Lobbyists do not provide them with the operating funds - WE DO.  Let's cut off the funds!!!

    • Amen! by Corinthian Scales, 12/09/2010 11:35:22 AM EST (none / 0)
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