Archive for the ‘Soros’ Category

Via HotAir, a reminder that we’re about to be taxed after death.

Part of the upcoming “Forward, over the fiscal cliff!”-scenario we’re potentially looking at includes a big hike in estate taxes (or, as they’re perhaps more aptly called, death taxes). Currently, the estate tax is applied to inherited assets at 35 percent after a $5 million exemption; most Republicans and even a mix of Democrats are in favor of lessening or eliminating the death tax altogether, but if President Obama gets the tax deal he wants, estate taxes will go up to 45 percent after a $3.5 million exemption.

In the event of neither a Bush-era extension nor President Obama’s plan, however, going over the cliff means that the estate tax shoots back up to the pre-Bush level of 55 percent after a $1 million exemption — and that has disastrous implications for our economy (which is just great, because we clearly don’t have enough disastrous economic implications looming over our heads already).

HotAir has a good video by Milton Friedman that breaks it down a bit more.

For those not quite clear on what that 55% of 1 million really entails, revisit this:

There’s A Homeplace Under Fire Tonight In The Heartland

Remember the first three planks of the Communist Manifesto:

1. Abolition of property in land and application of all rents of land to public purposes.
2. A heavy progressive or graduated income tax.
3. Abolition of all rights of inheritance.
And it’s not just communists, there are also the opportunists putting up barriers to competition by are pulling the ladder up behind them to further cement themselves as Ruling Class oligarchs:

As the fiscal debate focuses on whether to raise the federal income tax rates for the top 2 percent of Americans, other possible tax increases have taken a backseat in the debate.

But a group of billionaires led by Warren Buffett and George Soros to change that — by raising rates for the much-maligned estate tax.

The wealthy taxpayers  — organized by Responsible Wealth, which advocates for “progressive tax policies” — have signed a pledge calling for a “responsible estate tax proposal” as part of any fiscal cliff deal. In addition to Buffett and Soros, signatories of the pledge include other left-leaning billionaires, including Bill Gates Sr., Richard Rockefeller and Abigail Disney, as well as politicians like former President Jimmy Carter.

Let’s say you’re a super-wealthy conglomerate hedge fund megacorporation owner whose only real threats are from more agile upstarts.  What better way to destroy them than by using the tax code?

Family farm owner dies?  Drown his family in taxes so they have to sell the farm.  Small business owner dies?  Drown his family in taxes so they have to sell the business.

Responsible Wealth is calling for only the first $4 million of a couple’s income to not be subject to a tax. After that, it would be taxed at 45 percent, which would gradually rise on the largest incomes.

Yeah, only.  So if you’re land-rich and cash-poor, like many farmers and ranchers, you’re up shit creek.  If you have a few thousand acres of land you bought for cheap decades ago, the government will go in and appraise it again, adjust it for inflation, adjust it for whatever Agenda 21 zoning crap is going on, and adjust it for residences and improvements, and when they come up a few million higher than it was before you die, well… your kids are now stuck with that bill.  Or, you can sell… and who’s going to be the big agricultural conglomerate there to snatch up your land, bulldoze your farmhouse and barn, and plant some genetic uber corn where you buried your old bird dog Duke?  Oh, that’ll be Warren “TAX YOU TILL YOU F***ING DIE BECAUSE I GOT MINE B****ES!!!” Buffet.

The death tax itself is a destructive, regressive, horrible tax instituted by communists and their sympathizers.  Again, it’s in the bloody manifesto.  The death tax argument usually goes “well, they benefited in life, so they should pay back”.  What that ignores is that they paid taxes their whole lives.  Those who are veterans signed a line that said “up to and including my life”; and yet some bureaucrat communist oligarch tells them they need to “give back to society?”

“It’s shameful to leave revenue on the table from those who can afford to pay,” said Rockefeller, the great-grandson of industrialist John D. Rockefeller, said in a conference call organized by Responsible Wealth Tuesday.

So because they have something to take, it’s shameful not to take it from them by force?  This isn’t “revenue”, it’s confiscation from the citizen by force.

John Bogle, founder and former CEO of The Vanguard Group, added: “If we’ve been privileged in life and weren’t paying our fair share of taxes, somebody else is going to have to pay them. It will inevitably be those who are less able to do so.”

Bogle, like Soros, Buffet, and the rest, can always opt to pay more taxes.  They can always cut a check for more.

“Every step, large or small, to come after that deficit is good,” Bogle said. “Who bears the burden? … Our position is that those who have most resources to bear the burden ought to step up to the plate.”

His position is that we need to liquidate the kulaks.  He’s the oligarch, they’re the damned tight-fisted landed peasants.  Kill the have-some want-more farmer.

liquidate the kulaks

 

>Giving away money

Back to school spree: Billionaire, feds give out $175M to aid neediest students around the state

A $200 back-to-school giveaway for needy kids sparked a mad rush for money on the streets of New York on Tuesday.

“It’s free money!” said Alecia Rumph, 26, who waited in a Morris Park, Bronx, line 300 people deep for the cash to buy uniforms and book bags for her two kids.

“Thank God for Obama. He’s looking out for us.”

Thousands of people lined up at banks and check-cashing shops to withdraw the cash that magically appeared on their electronic benefit cards.

Some rushed out because of rumors the money would vanish by the end of the day.

“Rumors, there’s always rumors,” said Teresa Medina, who waited four hours at a Pay-O-Matic in Clinton Hill, Brooklyn, to get $600 for her three teenagers – just in case they were true.

The no-strings-attached money went to families receiving food stamps or welfare.

Every child between 3 and 17 was eligible for $200, which worked out to 813,845 kids across the state – including 498,866 in the city.

“Times are really tough right now. The situation is bad with money. So it’s easy to want to use the money for other things,” said Ana Barcos, 31, of Corona, Queens, where 200 people waited outside a check-cashing business.

“But if the money’s supposed to be for my kids, then I will use it for my kids.”

Sure she will.

Billionaire philanthropist George Soros gave $35 million toward the program, with $140 million in federal stimulus funds routed through state government making up the rest.

Translated: taxpayer money used as payoffs.

Paterson’s Republican critics blasted the giveaway, saying he should spend the money to reduce property taxes.

“It is a plan that is ripe for fraud and abuse,” said Senate Republican leader Dean Skelos. “This is a totally irresponsible use of federal stimulus money.”

Stop being a jerk. I’m sure that no-strings attached money given to people who won’t get off welfare and get a job will be put to good use. They’re unemployed because of the bias inherent in the system, not because they’re shiftless and lazy and get rewarded for not working. /s

And now it’s time for who do you trust? Hubba hubba hubba! Money money money! Who do you trust?
Me? I’ve giving away free money!

And now comes the part where I relieve you, the little people, of the burden of your failed and useless lives.

But, as my plastic surgeon always said – if you gotta go, go with a smile!