The ever delusional Harry Reid wants to introduce a Constitutional Amendment to overturn CU, restricting, as he claims; "the ability of the Koch Bros. to buy elections". Of course last week he claimed they were "the main cause of Global Warming".
I never thought I would say this, But, Harry, I agree with you, and REPUBLICANS SHOULD TOO! YES! restrict ALL contributions, INCLUDING the 58 groups who donate vastly MORE than the Koch Bros.
But, Harry, you might want to think this one through, according to opensecrets.org 16 of the top 17 donors donate primarily to DEMOCRATS. Evidently THEY are the truly big money party.
So you want to limit the Kochs, You ALSO have to limit, ActBlue, SEIU, NEA, AFT, Teamsters, AFSCME, IBEW, UAW,National Trial Lawyers, etc. And for the UNIONS this means not only CASH, but "in kind" donations. The phone banks, bussing, canvassing, ALL OF IT!
In the 2008 campaign cycle, this would have CUT Obama's take by $563M. While only reducing Romneys donations by $233M. Go for it Harry!
This should be fun to watch.
Friday, May 16, 2014
Friday, May 2, 2014
Fixing income inequality
The President says the defining challenge of our time is inequality. Not jobs, lack of economic growth, excessive regulation, THe latest economic darling of the left the Marxist economist Thomas Piketty, says we need an 80% tax on incomes over $500k, and a GLobal Wealth tax. There are cries all over the leftist blogs about redistributing wealth. So lets take a concrete example.
According to Forbes, Bill Gates is worth $76B. Of course this is his share of Microsoft. No one needs that kind of wealth. Think of what it would do to the poor. So lets redistribute it. We liquidate Microsoft and give the fortune to everyone below the poverty line. According to the governnment that is 49M people. So each of them gets $1551.00.
THe result? THe poors economic situation is unchanged. They will spend the money and it is gone. Also gone are the 42,000 jobs the fortune supported, plus another 146,000 jobs in support companies. also gone is the $223M Microsoft paid in taxes, and the $36M paid by its employees. GOne is the economic benefit generated by the companies products. Gone is the fortune that generated ALL of this GOOD, PLUS a $24B charity. ALL so 49M people can blow a grand
According to Forbes, Bill Gates is worth $76B. Of course this is his share of Microsoft. No one needs that kind of wealth. Think of what it would do to the poor. So lets redistribute it. We liquidate Microsoft and give the fortune to everyone below the poverty line. According to the governnment that is 49M people. So each of them gets $1551.00.
THe result? THe poors economic situation is unchanged. They will spend the money and it is gone. Also gone are the 42,000 jobs the fortune supported, plus another 146,000 jobs in support companies. also gone is the $223M Microsoft paid in taxes, and the $36M paid by its employees. GOne is the economic benefit generated by the companies products. Gone is the fortune that generated ALL of this GOOD, PLUS a $24B charity. ALL so 49M people can blow a grand
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