Where do you stand?

Discussion in 'QSO' started by W5HRO, Aug 29, 2017.

  1. W5HRO

    W5HRO Administrator

    Yes... and it's the same people wanting to ban Dr. Seuss books and cereal boxes because they contain racist content ::)

    The dumbing down of America is more now than with just technical people, it has become the dumbing down of the ordinary person to where common sense is literally being thrown out the window. All to make way for the eventual takeover by another socialist or communist leader like Hitler or Stalin. These fools are slowly digging their own grave including ours and they are just too stupid to see it.
  2. W5HRO

    W5HRO Administrator

    Well, the House tax bill passed and the Senate Finance Committee approved it. The big question is will the dumbass corrupted republican senators fuck it up? They still want to eliminate many of local state deductions like claiming our property tax. My guess is they are that dumb and will get voted out here in 2018. Let’s hope I’m wrong though. They need to leave the House bill alone and just pass it so it's done.

  3. W5HRO

    W5HRO Administrator

    Trump’s assault on the administrative state will benefit America

    Occurring largely behind the scenes, President Trump’s most significant contribution to a more prosperous America is also his least understood: his assault on the administrative state.

    The administrative state is the manifestation of a form of government that invests power in an unelected bureaucracy that can write the rules, enforce the rules and sit in judgment on the rules – essentially combining the power of three branches of constitutional government into one.

    The administrative state and danger it poses to self-rule were evident 180 years ago. After studying America’s character and system of government in the 1830s, Alexis de Tocqueville, the French author of “Democracy in America,” issued a prescient warning about soft tyranny.

    De Tocqueville wrote that excessive regulation by government “compresses, enervates, extinguishes, and stupefies a people, till each nation is reduced to nothing better than a flock of timid and industrious animals, of which the government is the shepherd.”

    When de Tocqueville wrote these words in 1835, the Federal Register – the federal government’s official journal of rules – was still 100 years off.

    A little more than 40 years after the Federal Register’s creation, former U.S. Sen. Eugene McCarthy, D- Minn., quipped that “the only thing that saves us from the bureaucracy is inefficiency. An efficient bureaucracy is the greatest threat to liberty.”

    In the last full year of President Obama’s term, the Federal Register contained more than 185,000 pages of regulations. Many of these regulations can, if not followed to the letter, lead to imprisonment and financial ruin. Moreover, bureaucrats lacking accountability to the voting public wrote these rules.

    According to the Competitive Enterprise Institute’s annual publication “Ten Thousand Commandments – An Annual Snapshot of the Federal Regulatory State,” we spent some $63 billion in 2016 to pay for regulations and regulators.

    We are funding an army of 220,000 highly trained people, many of them lawyers, to develop new and more complicated ways to tell the rest of us how to work and live our lives. Were these regulators an actual army, they’d outnumber the army of France.

    These 220,000 regulators deploy 185,000 pages of regulations that drain about $1.9 trillion a year out of the economy – about the same amount of money as the federal government collects in individual and corporate income taxes and equal to a little more than one-tenth of the nation’s economic activity.

    While regulations largely operate out of sight, taxes – especially the personal income tax –hits people directly in their pocketbooks. Over decades, the federal tax code has grown to 2,600 pages of complex interactions that take another 70,000 pages to explain.

    Employing progressive rates, loopholes, and credits, the tax code rewards some financial behavior while discouraging other behavior. The tax code thus guides economic decisions in the same way the road network channels vehicle traffic.

    President Trump has asked Congress to reduce and simplify our tax system in what would be the first major tax reform in 31 years. If successful, it would unshackle the American economy as much as will regulatory reform.

    While regulators, their rules, and a complex tax code take their toll on jobs and prosperity, excessive federal spending also plays a part in misallocating scarce resources.

    Every dollar directly spent by the federal government represents a priority, not of individual consumers and taxpayers, but of elected and unelected officials, corporate lobbyists and advocates for big government. As government spending grows, it crowds out voluntary economic activity, often picking winners and losers in the process.

    Combining the four previously discussed factors can give a sense as to the soft tyranny exerted on society by the federal government.

    Since 1960, soft tyranny’s natural trend has been to expand progressively. But encouragingly, there have been four periods of retrenchment where liberty beat back government power: President Kennedy’s tax cuts of the early 1960s; President Reagan’s tax and regulatory reforms of the early 1980s; the years of spending restraint following the Republican takeover of Congress in 1994; and today, with the advent of President Trump’s battle against the “swamp” in Washington.

    Should President Trump and his legislative allies win this battle against the administrative state, the decade of economic growth, jobs and higher wages that will surely follow will be unprecedented.
  4. W5HRO

    W5HRO Administrator

    Ok, this may may not be so bad after all. The Senate bill now leaves your local property tax deductions in place but caps it at 10K. The only local thing I claim is the property tax anyway and it's just under 10K along with my mortgage interest payments which is a federal thing. As long as they also leave mortgage interest deduction in place which I believe they are then that's good too. If they lower the cap from 1M down to 500K on that then also good. It will be the people with homes worth well over 1 million that will get bit and they deserve to pay more anyway :mrgreen:

    State and local tax deductions

    State and local tax (SALT) deductions refer to the amount Americans in high-tax states – particularly blue states such as New York and California – are able to write off. Several Republican lawmakers from these states have expressed concern.

    Senate: The Senate plan would repeal SALT deductions when it comes to income and sales tax. However, it would leave in place a provision for property tax deductions up to $10,000.

    House: Like the Senate, the House would eliminate all SALT deductions expect for a property tax deduction capped at $10,000.

    Current: Taxpayers who itemize their deductions are able to deduct four kinds of non-businesses taxes, including state and local income, real estate, property and sales taxes.

    The bottom line it this tax reform will benefit most Americans across the country. It's just that it will it affect people in these god dam blue states. In my case it looks like I may not be affected at all and if not then PASS IT!

    P.S.The Supreme Court just reinstated Trump's full travel ban today too :icon_thumbup: