Taking the capital out of capitalism

It's called "capitalism" for a reason. It operates on glorious excess -- profit.

See, that's when you have a little more than you need and you use that to expand your productivity.

"Capital" is the excess.

Like.... suppose you grow potatoes. You grow, say, 10 acres of potatoes. You keep the potatoes from five acres to feed yourself and family. You sell four acres worth to cover your operating expenses, pay your workers, etc. You keep one acre to use to seed the field next year.

That one acre is your profit. You avoid consuming it and protect it even if it means cutting back a little bit now.

Because that one acre is what you need to plant next year.

That's your future. That ensures that you have a future.

The Comrade first went after the banks -- but destroying the banks was a process already well underway. And Dudd-Fudd legislation didn't help. Those regulations were crafted by Thomas Dodd and Barney Frank, the two apparently most economically illiterate people to ever walk the halls of congress, and have only made it more impossible for banks to lend.

And it makes me laugh when people (mostly democrats and marxists) claim that it was "de-regulation" that caused the housing bubble, bank collapse, etc. The financial industry wasn't "de-regulated" at all. Regulations changed -- they were not eliminated -- and the changes apparently were destructive -- and no doubt done all for our own "good."

At any rate, so the Comrade first nationalized the banks and put them under an even bigger pile of suffocating regulations. And banks tradtionally been a primary source of capital for businesses and producers of all kinds in the US free enterprise system.

So they're been neutalized pretty much.

The disater in housing sucked any capital out of middle class individual would-be or wanna-be investors, or simply people who had a dream.

So what's left? Who has any seed corn -- or capital -- left to jumpstart this economy?

Well, some corporations and Wall Street investors.

How do you wrench the capital from their clammy hands?

TAX THE RICH.

And thus ensure that the USA, flat on its back, will never rise again. The class warfare aspect of "tax the rich" is just an added bonus -- gives the more ignorant and psychotically resentful among the population a reason to vote for socialism.

And the Comrade is plainly and insultingly full of shit with his feeble efforts to attach the names of Abraham Lincoln and Ronald Regan to any of his marxist nihilist schemes. It's just insulting.

Save the Republic.

White House hobby horse: "tax the rich"

Just heard on the news that the Comrade has now delivered 21 speeches in which he insists that we "tax the rich."

OK. Unemployment hasn't been below 8% since the Comrade took office. And it's actually about 14% if you count people who have just given up looking for a job.

The national debt is about $16 TRILLION dollars. A truly unimaginable sum.

Gasoline is still hovering about $4.00 a gallon -- not good for the economy on any level, and Comrade Butthead is sticking by his windmills and algae combo as the wave of the future.

The GSA, a government agency that actually is supposed to manage federal office space, properties, etc., has apparently been on some kind of drunken bender, spending close to $1 million for a party in Las Vegas for 300 employees -- and in another efficient activity, paid $330,000.00 to move a real estate agent from Denver to Hawaii. For what, I don't know. Seems they could have simply hired a real estate agent who already lived in Hawaii. The Denver agent then quit the GSA after being comfortably ensconced -- at taxpayer expense -- in the islands. What cost $330,000.00 to move? Did they move the agent's whole house or what?

George Zimmerman, who apparently was community-minded, supportive and helpful to neighbors of all colors, etc., shot and killed a kid who no longer seems to be a sweet and innocent as the press portrays. The local cops at first let Zimmerman off because he claimed self-defense. Now, after significant public pressure, and the New Black Panthers offering a bounty for him dead or alive -- the local authorities have now charged Zimmerman with 2nd-degree murder. However, no one but Zimmerman himself has complained about the Black Panthers putting a price on his head, which is illegal.

So in view of all this turmoil, fraud, and abuse of public authority of all kinds, the Comrade is most worried about rich people not being taxed enough.

I get the feeling the Comrade has taken himself out of the mainstream of the nation. I mean, who bloody cares about the rich?

The Comrade estimates that hiking the tax rate for the rich to 30% of thie income would raise $47 billion over ten years. That would fund the federal government for about six days.

But that's over 10 yesrs. The feds won't be collecting that for 10 years. Tax the rich more, you'll only collect the first year. After that, their funds will either all be in the Cayman Islands or buried in various tax shelters -- probably invested in other countries. The only result of will be that the funds will be withdrawn from the US economy. Period.

And I don't understand what this all about. I mean, does the Comrade think that most citizens just sit up all night stewing about those rich people? I mean, does he believe we're all just seething with envy and resentment? Like, we don't have anything else to think about?

It stinks rather like class warfare, doesn't it? The only problem is, nobody really gives a damn. And those who do are those who want to one day be rich themselves.

The Comrade is irrelevant. Look at it this way, if he disappeared tomorrow, would anyone miss him?

Actually, I think Biden might leave a bigger footprint. And at least Biden's funny; every time he opens his mouth, he sticks his foot in it.

Hurry November. Know what I mean?

Save the Republic.