Democrats, progressives, and liberal everywhere are energized, emboldened, and they’re planning. They’re planning how to separate you from your money (that is if you earn money, not take money from the government). The ever dangerous imbecile Paul Krugman is even proposing a 91% tax rate. The looters are in control now, and have a mandate. It seems Obamacare, the largest tax increase in history, was just the beginning. As socialism grows, so does the need for more of other people’s money. Hide your money while you still can.
The Looters Are in Control
Submitted by Rick Ackerman on 11/19/2012
And now it’s time for Mr. Obama to start paying for all those votes by reaching deep into our pockets. If you intend to avoid paying your “fair share,” however, please take note: There will be few places to hide. For a gimlet-eyed view of what may lie in store for taxpayers and citizens of all political persuasions during the next four years.
The election was all about new math: 47 = 51. The foresight and genius of the Founders knew no bounds. Ben Franklin said, “Once the people find they can vote themselves money, that will herald the end of the republic.” The trumpets have sounded. The heralds have announced the awakening of the masses to that reality. The greatest and most free nation the world has ever known has just sold its birthright for a mess of pottage; or, at least, the promise of an Obama phone. The takers have voted to take control over the producers.
Everyone will now get a fair shot — except that those who work in government and those who take government welfare will get a fairer shot. Obama knows that you didn’t build that company. You didn’t live frugally and save more money than your neighbor while they spent theirs on drugs or riotous living. He knows this because he didn’t get anything without government assistance — affirmative action put him ahead of more qualified people who earned a spot that he took, just like Elizabeth Warren. You couldn’t possibly have gotten anything on your own merit or hard work.
“A claim for material position can be met only by a government with totalitarian powers.” – Friedrich von Hayek
Von Mises said that full government control of all activities of the individual is virtually the goal of both national parties. Have you ever tried to drill an oil or gas well? Have you ever tried to build a house or commercial building? Have you ever tried to manufacture and sell a product? The International Building Code (IBC) increases in size, restrictions and requirements every year. Why? Because a bureaucracy needs to expand to justify its existence.
“Power tends to corrupt, and absolute power corrupts absolutely.” – Lord Acton
Have you ever experienced the disdain and contempt of a bureaucrat whose permission you sought? It used to be that their power to grant a license or permit was retribution for their pay being less than that of the private sector. Now, you get to pay them 50% more than you would get for the same job, and the disdain has not decreased. Firemen, police officers, and military personnel can retire as young as 38, many making over $100,000 per year if they work until 50, and many can take another job and collect another pension on top of the first. Meanwhile, according to the Census Bureau, the average middle class family’s income has decreased $4,019 during the Obama years, to $50,964. More than half of the lifeguards in Newport Beach, CA, make over $150,000 per year and can collect more than $100,000 in pension benefits starting under 50 years of age.
So, What’s Coming?
That paradigm of preternatural prestidigitation, the Federal Reserve Bank, will continue its policy of zero percent interest. The big banks will mask their insolvency with free money from the Feds. Greedy speculators and fools who overspent on housing will have their mistakes paid for by those taxpayers who had the foresight to save and invest wisely. Obama bundlers and other insiders will continue to get billion dollar investments from the government, sucking valuable capital from the private sector. The official inflation rates will miraculously stay low while you are paying 100% more for gasoline and food.
“History is largely a history of inflation, usually inflations engineered by governments for the gain of governments.” – Friedrich von Hayek
Foreign nations are no longer purchasing U.S. government bonds. The largest purchaser is the Federal Reserve Bank. In other words, the government is printing money from thin air. In 1970, you could go to Las Vegas and buy a silver dollar for one paper dollar. It now costs around $35. A mansion behind the Beverly Hills Hotel sold for $200,000. It resold in 2004 for $16 million. A house in Flintridge, CA, sold for $115,000. Its current value is $4.5 million. The base price for a Corvette was $5192. It is now $49,600, a comparative bargain. What you could buy for $1 million in 1970 now takes $36 million. Senator Everett Dirksen in the 1960s is reputed to have remarked,” a billion here, a billion there, and pretty soon we’re talking real money.” You can now add three zeros. The bottom line is that if you are collecting 0.15% interest on your CD, you are losing real purchasing value of at least 10%, and that rate will be accelerating in the next four years. Carlo Ponzi was a hopeless naïf compared to our elected officials.
Harry Reid Has a Plan
Harry Reid already has a bill on his desk which requires that all pension plans (except for the unions, of course), 401Ks, and IRAs be converted to annuities from the government. This pile of cash represents the largest pile of readily available cash in the world right now. The money will be gone as soon as it hits the government’s account, and you will be left with empty promises. There is no money, only a printing press.
Capital export controls will be enacted. You will not be able to get your money out of the country. Already you can no longer open a bank account in Switzerland unless you have over $30 million because the reporting requirements are too onerous for a smaller account. All requests to Switzerland for visas from Americans will be suspended. History will be repeated (shocking, I know), and all gold in private hands will be confiscated. The Republicans will cave, the tax rates will rise, and anyone making more than the insider politicians and government employees will encounter ever-increasing marginal tax rates.
Payoffs for votes will be made. Affirmative action requirements will be increased in every field of endeavor. Women’s abortions and contraceptives will be free. Regulations will stop the advent of fracking and the boom in oil and natural gas will come to an abrupt halt. Payments to environmental groups for lawyer’s fees will expand exponentially. Government-controlled lands with oil and gas potential will be declared wilderness or national monuments, just like Grand Staircase-Escalante in Utah. I could go on for another ten pages, but , in a nutshell, the message from Mr. Obama is, “You lost.”
And finally, Israel has recognized that Mr. Obama will offer no succor. Before the end of January, they will raid Iran. Gasoline will reach $7 per gallon, and voila, solar and wind energy will be competitive. No matter that your thermostat is set at 40 degrees, if you can get fuel or power.
The looters are in control. Set your alarms.
Nonanonymous says:
Yes, the looters are in control. There is a fundamental philosophical difference between sound economic policy, which is the constitutional role of government, and progressives.
The giant swooshing sound one hears is capital leaving economically robust investments and entering those with little or no return. The risk just simply isn’t worth the investment. The middle class gets hit from the top and the bottom with poor employment and entrepreneurial prospects, and no, I’m not talking about gommit sponsored incubators or gommit vending and contracting opps, and from a confiscatory estate tax.
Let’s face it, the malinformed and the have nots voted for wealth distribution, but what the gommit failed to tell them is it’s really just another and more efficient mechanism to funnel wealth to the 1%.
A fundamental philosophical difference indeed, rather it’s the 1% waging war on the 99%, and this shit just about to get real, when the FSA meets austerity. The gommit can’t tax their way out of this one, only continue to loot as long as possible.
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20th November 2012 at 7:16 am
Davos says:
http://www.youtube.com/watch?v=FC5Gkox-1QY&feature=plcp
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20th November 2012 at 7:51 am
Hollow man says:
Holy cow! Just likecAdmin! Excellento.! I have resigned tothe fact I am about to be poor, at least as far as money is concerned. Hungry and cold, when supper comes hungry and hot. Life sucks and then you die. Might be a few new citizens wishing they were back in their homeland.good thing illegals should start to head home ina few years, thats the silver lining. I know, grasping at straws.
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20th November 2012 at 7:55 am
sensetti says:
The looting has only just begun.
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20th November 2012 at 9:09 am
sensetti says:
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20th November 2012 at 9:11 am
Kill Bill says:
LMAOTIFH
Looters = Assiphants.
From lobbyists, to corporations, to special interests, to defense contractors, to tree huggers, to warmongers, to finance, to real estate, to oil, to agriculture, to big box retailers, SNAP, SS, EBT, WIC, MIC…and the assiphants, God bless their little hearts, try to please them all.
They all think government is one big old slop bucket from which they can gobble from without end.
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20th November 2012 at 10:03 am
Roysyl says:
On this day in history in 1993 Congress passed the North American Free Trade Agreement (NAFTA), which I believe is the main contributor to our present malaise of our workforce going from 40% of our workforce engaged in manufacturing to less than 10% producing things and the labor arbitrage that continues today.
I don’t have posting authorization but I wish someone authorized would re format this link and post it as a new post. It is an eye opening very well written account of the passage of NAFTA and how our political process works.
http://www.dtic/.mil/cig-bin/GetTRDoc?AD=ADA442950
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20th November 2012 at 10:08 am
AWD says:
“Harry Reid already has a bill on his desk which requires that all pension plans (except for the unions, of course), 401Ks, and IRAs be converted to annuities from the government.”
This statement alone should scare the hell out of most people (people with jobs and an IRA/401-K). They have already written legislation to steal your retirement savings. Then they’ll steal your savings, then they’ll steal your property. It’s just beginning (communism/fascism).
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20th November 2012 at 11:12 am
Der Scheisskerl says:
This one should be called the ‘idiot tax’, because anyone who still has funds in a 401k at this point in time certainly is an idiot.
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20th November 2012 at 11:30 am
Der Scheisskerl says:
On this day in history in 1993 Congress passed the North American Free Trade Agreement (NAFTA), -RoySyl
Not to be picky here, i hate when people say that and then write something picky =D, but the first Free Trade Act was in 1988 or 1987 and was superceded by NAFTA.
Those damn Dermasses..again!
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20th November 2012 at 11:38 am
Kill Bill says:
My bad, twas I, above.
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20th November 2012 at 11:39 am
sangell says:
Only problem is the looters have already cleaned out the Treasury. There is nothing left to steal. If they try and extract more from the economy the economy will produce less. Its not really a political argument its a matter of numbers.
Fewer people working means less work is done. More money taken from the private economy means less money available for the private sector to invest in production. Less investment in production means fewer goods produced.
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20th November 2012 at 11:55 am
AWD says:
Tis’ the season for taxes
♫ Marxmas is coming
Moochele is getting fat
Won’t you please put your paychecks
In the Collective’s hat ♪
If you haven’t got a paycheck
Well, lucky lucky you
♪ ‘Cause Obama gonna send you
An iPhone too!
♫ If he doesn’t send an iPhone
Obamaphone will do
If he doesn’t send Obamaphone
Well, Marx bless you ♪
Oh, Marxmas is coming
♪ The beets are in the pot
Time to thank Dear Leader
For all you’ve got ♫
If you haven’t got a beet pot
♫ Be careful what you say
Don’t look up, a drone is watching
You night and day
♫ Yes, Marxmas is coming
Moochele is getting fat
And the country’s moving FORWARD!
Now how about that? ♪
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20th November 2012 at 12:09 pm
Roysyl says:
Der Schiskopf – NAFTA was passed on 20 Nov 1993 and has nothing to do with previous Free Trade Acts or any other Acts. Your comment is what is called a strawman.
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20th November 2012 at 12:10 pm
AWD says:
An infinite debt limit…
Treasury Security Tim “Spend It ALL!” Geithner suggested on Friday that the national debt limit be raised to infinity.
When asked, specifically, what that meant and just how high infinity could go, Geithner said “Just imagine President Barack Obama’s goodness! Or even the stiffness of Nancy Pilosi’s face, for that matter”.
Geithner stated that “it was time a long time ago” to eliminate the debt limit, and that only Congress could solve this problem, although he hinted that hate-filled Rethugglikkkans in the House would probably block any bill that proposed infinite debt.
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20th November 2012 at 12:11 pm
AWD says:
How high is infinity Timmy? How high can the debt go buddy? Infinity and beyond!
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20th November 2012 at 12:13 pm
sangell says:
Here is a rather lengthy piece from a Flemish libertarian who really gets what the problem is and how Central Banking has both warped our economy and created the need for a welfare state. Never heard this argument put this way but it makes sense.
http://www.brusselsjournal.com/node/5003
Here is an excerpt
The deadly shift
As the government propaganda to consume more wanes, people start to realize that their real needs lie elsewhere. When grandpa needs nearly unaffordable medical attention, suddenly the new IPhone 5 is not seen “a real life saver” anymore. The whole structure of production, geared towards the production of capital-intensive stuff, often even paid for by consumer loans, shifts back to its normal free market proportions. It is this event that we call a crisis: the macro-economic illusions of policy makers are punctured by the micro-economic decisions of regular people like you and I. In the end, the market is always right.
In a free market, shifts like this are no problem, because they are small. In an unfree market, like ours, they are a huge problem, not only because the companies that go out of business during that shift are heavily indebted and cannot repay their loans, but also because this necessary shift has been postponed time and again by injecting new money to boost demand. While vital laws of reality – for instance that you cannot loan out what does not exist – have been denied for decades, reality now breaks through with the sum of its deferred forces. Politicians say that markets don’t work? They work like never before.
This shift is deadly to government finances. Because the economy in that shift temporarily produces fewer profits, less tax can be collected. But the interest payments do not wait. The only way to fill the gap between revenues and expenditures is by borrowing even more, which means, in our system, that even more “money” is injected into the market, creating ever bigger distortions of the structure of production, resulting in even fewer profits, reducing the tax revenues even more, igniting yet another round of borrowing. It really is a “perpetuum culpabile”, a never-ending amassment of debt.
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20th November 2012 at 12:21 pm
sensetti says:
LMAO I am going to enjoy the next four years, Barry is going to fall on his ass and hard. At a time when this country needs to be cutting back Unions and the FSA are screaming for a larger cut. By the time Barry gets done Democrats will not be elected to the White House for another generation, a second Obama term is a gift for the Assiphants with incalculable value. Just wait and see
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20th November 2012 at 12:26 pm
AWD says:
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20th November 2012 at 12:48 pm
Kill Bill says:
It really is a “perpetuum culpabile”, a never-ending amassment of debt. -Braecht Amaert
Sure, its what the shadow banking system sells and what it wants. The US has some 23 trillion in ‘debt products’ The UK comes in second with 22 trillion. When people cant afford stuff they want they borrow. When a business cannot afford new equipment, they borrow. It is what the government does from the central [private] bank we know as the FED.
They borrow and borrow and borrow. While making interest payments.
Deficits dont matter to these folks. They like them.
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20th November 2012 at 12:58 pm
backwardsevolution says:
AWD – come on, what’s with the “Marxmas” and Marx comments? I’m not a lover of Marx, but is out-and-out snatch-and-grab looting by the 1% really Marxist thinking? How in the hell can you successfully loot if you don’t first hand out free stuff to placate the masses, you know, put food in their mouths while you add a few more billion to your offshore account?
Come on, let’s call it what it is: USAism. Hustlers, con artists, Ponzie schemers, on-the-take politicians, corporate control of the country.
USAism!
Hot debate. What do you think?
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20th November 2012 at 1:01 pm
AWD says:
backwardsevolution
Oh, I don’t know, 100 million people are on Welfare and living off somebody else (willing to work for a living instead of be a parasite). The “party leaders”; criminal politicians, corporations, banksters, Wall Street always feather their own nest first. Hustlers, con artists, ponzi schemers describe people on disability/welfare, do you actually know any?
Hot debate. What do you think?
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20th November 2012 at 2:53 pm
backwardsevolution says:
AWD – the apple doesn’t fall far from the tree. Who’s the tree? Who’s running the Ponzi? The really big hustlers or the littluns?
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20th November 2012 at 3:22 pm
Kill Bill says:
If Hitler was a socialist I am the freakin Queen of England.
The guy was a lying ass psychopath demagogue that considered the population his subjects to be killed, or worked to death in a slave labor camp or factory in his empire.
Obama is no socialist either, he bails out to big to fail and under him the banksters have gotten even richer.
As for Marx he was a communist. Communism, is where the people own what is produced. And thats what Russia dd was pay the private businesses to produce the quota they demanded at little profit. Then the government moved the product to where they thought it was needed. It was a huge technical failure where trucks and trains often ran, on time and schedule, and were empty.
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20th November 2012 at 3:56 pm
AWD says:
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20th November 2012 at 4:57 pm
ron says:
So many people posting about buying Gold,Its been tracked and well soon be added to the list of available things that can be confiscated in the persuit of fairness.
The one percent well pay.
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20th November 2012 at 10:21 pm
Colma Rising says:
Kill Bill:
How dare you. Its no dag gum fun to nit pick words.
Obama is a Marxist cuz somebody said so and it sounds right. And Hitler was a socialist cuz he said so. Duh, you fuggin MORAN.
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20th November 2012 at 10:49 pm
WideAwake80 says:
While Rick Akerman is correct about Obama’s fondness for intrusive, invasive, hard-earned money confiscation by the govt because of course he gamed the system through learning from his former soft porn model turned US govt employee in the third world mother Ann Stanley Dunham, it’s damn unfair to compare Elizabeth Warrren with Barrack Hussein Obama.
Elizabeth Warren actually has real intelligence and skills plus genuine commitment to whatever she has done.
Obama was given an elevator ride into positions owing to his being able to game the system by using his ‘foreign student’ credentials for an education in the USA (which is why his records are sealed), his narcissistic personality was easily mistaken for charisma and some depth, his mixed racial heritage was a big plus as we all know because of being born at the right time unlike the American Blacks of older generations who were firehosed and attacked by dogs and murdered to achieve equal rights, and the propaganda about his being a Harvard ‘Professor’ when in fact his title was different and he displayed the same laziness of the narcissist he is at Harvard by doing minimal work for minimal contact hours and maximum pay, disappearing for meetings and any other legwork that real academics have to do.
Elizabeth Warren has been a gutsy advocate for those who are being extorted by the elites as well as the business as usual criminals in the financial world. Daring to attack Jamie Dimon for his 20 million dollar bonuses for mediocrity and deceit ended up in Elizabeth being smeared in a number of ways. Yes, she has been smeared unlike the Obama case of certain smears being outgunned by solid truth.
Elizabeth Warren achieved her academic career through her own intelligence and skills, not through affirmative action. She also is entitled to claim Native American heritage by criteria not contained within books of who this or that Native American nation is.
Those books are more or less racist documents used to classify Native Americans so as to divide and rule. She has never claimed to be nearly all Native American but in her ancestors’ backgrounds and locations you can see that she is one of the Americans whose forbears were ‘mixed’ but didn’t exactly advertise it owing to societal and other pressures in those days.
Please attack the real enemy – it is not Elizabeth Warren and those Democrats who still retain something of the party of Roosevelt and Kennedy about them.
Hot debate. What do you think?
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20th November 2012 at 3:15 am
AWD says:
Zero-Sum Principle
Cornerstone of progressive economics and ethics. Collectively, all losses and gains sum to zero. Your loss is our gain, and your gain is our loss. Whatever you own, it is at our expense. You owe your property to us by the virtue of you owning it. Losers contribute to the society and winners take away from it. Being a winner is immoral and selfish. A society of losers is happy and moral.
In this sense, the Unites States is the worst society in the world. Americans eat because other people starve. On our planet with limited resources, the most ethical thing one can do is stop eating and starve to death. Bourgeois ideologues will lie to you that economy is a non-Zero-Sum game and that capitalism creates wealth without making others poor. Such lies must be silenced and mercilessly eradicated.
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20th November 2012 at 2:12 pm
randy says:
Sigh…
Another boring night reading the same boring shitheads…
Not one fuckin thing would change, or would’ve changed if Obama would’ve lost…
Israel would still be using fighter jets and tanks against “rock” throwers…
Iran would still be ‘imminently’ a nuclear power…
The Fed would still be printing money out of thin air…
There would still be 100 million americans collecting something from the government…
Romney invented Obamacare…He would not have gotten rid of it, just èreformedè it…
The business community would still be using “the fiscal cliff” as a reason for market decline, instead of the simple fact that people are selling a market puffed up by “free money” to banks…
Retailers would still ‘jump the shark’, moving Black Friday to thursday, screwing their employees, and spreading out Fridays business over two days…How efficient, paying premium holiday wages to sell stuff for no profit, then do it again tomorrow….Sheesh…
Hostess would still have liquidated, CNBC (and you rednecks) would still blame the union, while they try to hide the fact that manamement wants a ‘closing bonus’ before bankruptcy…
And last (for now) but not least…
And the Detroit Lions would lose again, on Thanksgiving…
This is one election, that did not matter one fricken iota…
Hot debate. What do you think?
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20th November 2012 at 11:29 pm
Thunderbird says:
In complete socialism or communism all debt is socialized as is capital. This acts to cancel both debt and capital out.
Right now our accounting systems are not set up for this type of accounting. But with our accounting systems now self destructing due to all this fraud going on, there will come a time soon when we will discard our current models and adopt ones that can work for our new socialist/communist journey.
The masses now have new hope promised by our government administration.
Welcome to Dirt.
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20th November 2012 at 9:22 pm