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15 January 2010
Rush Accused of not wanting donations to go to Haiti
RUSH: To Paducah, Kentucky. This is April. That is one of my all-time, top ten favorite female names. April, thank you for calling. Nice to have you with us. Hello.
RUSH: Now, April, I must ask a serious question: Do you ever listen to my program or do you hear about it in places like the Huffington Post?
12 August 2009
The Socialism Utopia is Upon Us
The REAL Irony of America's "March to Socialism" is that in effect we are already a "Socialist Paradise". What is the goal of socialism, but to make everyone equal.
In the past, if you were part of the Rich, the elite, you had special privileges not available to your average working class person. This like Cruise Ship travel (they used to have "Steerage Class" for the "Peasants"). Things like Air Travel was restricted to the "Super Rich". 100 Years ago, the average mode of transportation was by Horse for the average Joe and by foot for the poor. While the Rich rode in class in their "Horseless Carriages". This is still the case in many of the undeveloped areas in the world.
Contrast that world with today's modern Utopia we call the USA. Where the "Super Rich Guy's" AC system in his $250,000.00 Rolls Royce works JUST AS WELL as the AC system in a $15,000 Ford Focus, same for the Air Bags and other safety features. We now share the same Roads, Cruise ships, the same Airplanes, the same Hospitals and the same neighborhoods. I used to live in a 1200 Sq. Ft. home, which is about the average size for a family in poverty. Now I live in a 3000 Sq. Ft. home and my "living area" is about the same as it was in my smaller home. Same goes for my Sister in her 7000 Sq. Ft. Home. the "other areas" of our houses are just BARELY used, since we all end up living in about the same sized space. There's only so much "space" that a human being can live in.
The "Socialist Utopia" has already arrived in the U.S. However, the Political class will only gain power by dividing us and pitting us against each other, so instead of pointing out our similarities, they point out our differences to build a wedge between us.
In the past, if you were part of the Rich, the elite, you had special privileges not available to your average working class person. This like Cruise Ship travel (they used to have "Steerage Class" for the "Peasants"). Things like Air Travel was restricted to the "Super Rich". 100 Years ago, the average mode of transportation was by Horse for the average Joe and by foot for the poor. While the Rich rode in class in their "Horseless Carriages". This is still the case in many of the undeveloped areas in the world.
Contrast that world with today's modern Utopia we call the USA. Where the "Super Rich Guy's" AC system in his $250,000.00 Rolls Royce works JUST AS WELL as the AC system in a $15,000 Ford Focus, same for the Air Bags and other safety features. We now share the same Roads, Cruise ships, the same Airplanes, the same Hospitals and the same neighborhoods. I used to live in a 1200 Sq. Ft. home, which is about the average size for a family in poverty. Now I live in a 3000 Sq. Ft. home and my "living area" is about the same as it was in my smaller home. Same goes for my Sister in her 7000 Sq. Ft. Home. the "other areas" of our houses are just BARELY used, since we all end up living in about the same sized space. There's only so much "space" that a human being can live in.
The "Socialist Utopia" has already arrived in the U.S. However, the Political class will only gain power by dividing us and pitting us against each other, so instead of pointing out our similarities, they point out our differences to build a wedge between us.
05 June 2009
Why American Capitalism is Gone with a Wimper
I was reading the Article Posted on Pravda Online, American Capitalism Gone With A Wimper, when I came across something that someone posted in reference to the article:
Jamesschwartz said...
Quote:"You talk a nice line, but, like most Russians I have met, you know little more than rhetoric. In fact, your country is a ganster nation, a country of lazy ingrates who are squandering the freedom which the Pope and Ronald Reagan bought for you.
In fact, Russia is a grossly unequal society where a few people are vastly wealthy and most of the value of the average worker's labor goes to further enrich the wealthy few, in which the masses are brainwashed by commercial advertising in a fruitless search for happiness in material form, and that which steals resources and exploits people throughout the Europe, using gansterism power to further profit the already wealthy at the expense of the common people"
Quote:"You talk a nice line, but, like most Russians I have met, you know little more than rhetoric. In fact, your country is a ganster nation, a country of lazy ingrates who are squandering the freedom which the Pope and Ronald Reagan bought for you.
In fact, Russia is a grossly unequal society where a few people are vastly wealthy and most of the value of the average worker's labor goes to further enrich the wealthy few, in which the masses are brainwashed by commercial advertising in a fruitless search for happiness in material form, and that which steals resources and exploits people throughout the Europe, using gansterism power to further profit the already wealthy at the expense of the common people"
This is how it starts. People like "Jamesschwartz" don't see all the gains the Russian people have made. They don't see the stores stocked full of goods, where there used to be lines. He doesn't see the ever rising prosperity of the average people. He only sees the Wealthy who helped make it happen. He believes that all the people who invest time, money and take risks should be just like everyone else and not make a dime off their efforts.
This is exactly the kind of attitude that is causing the collapse of the U.S.
He sees no problem with a SINGLE Company in the U.S. (Exxon-Mobile) paying more in taxes than HALF OF ALL Working Americans. He thinks this is Just. He sees no problem with the Government Robbing the Economy of all the Capital that it takes to create jobs, because he thinks that somehow this is "Fair", and punishes those who would dare to become successful.
Remember the Tenth Commandment not to covet they neighbor's house, wife, or anything that he has. Every Christian, Muslim and Jew have that Commandment in their Holy Books.
Americans have been convinced that it is Trickle Down economics and deregulation that has brought us down to where we are, when in fact it was Trickle down economics in the early 80's that saved the U.S. economy. It is, in fact what lifted us from the failed Tax and Spend and over regulation policies of the Left in the 70's led by then President Jimmy Carter.
Tax cuts left more money in the hands of the Capitalists to do what they do. What do Capitalists do? They wish to create more Capital. How do they create more Capital? By investing in or creating new Business Opportunities. What doe new Business Opportunities mean to your average Joe? It means more Jobs and more money in his pocket. If they the Capitalist get Rich off of that Formula, what business is that of anyone? Why should anyone care? Was it their money? Was it somehow "stolen" from the poor? Preposterous! The poor don't have any money.
It's a very simple theory, which any logical person can easily see how it will succeed, but our leftist media has convinced the people that this model in fact never did work, and that the Accumulation of Wealth that we experienced during the Reagan Revolution was a fantasy, that somehow, all of our problems started with Reagan, when in fact he had come in and FIXED our problems and our decline. He Reversed our fortunes and anyone who would dispute that, EXPECIALLY someone like Obama who grew up during the Reagan Revolution and took part in the opportunities that it created to become wealthy himself.
The Saddest part is that Japan, FDR and Carter have already tried the Big Government Big Spending Theory and as history has shown us, it simply doesn't work.
06 April 2009
The Personal Responsibility Act by No Socialism
I've written a previous article on this subject, but since I changed out my Commenting Engine to Disqus, people can't comment on the old article anymore, and I've been getting a lot of emails on this one. I'm going to re-post the Original 10 Points of the Act, and later get into some of the finer details in subsequent posts.
Burn all 60,000 pages of the Tax Code. It's a tax code that was designed specifically to give members of Congress powers to bestow upon special interests in an attempt to keep them in power. Eliminate all taxes, including Social Security, Medicare, Unemployment, Death Taxes, Import Taxes and so forth. Eliminate all Payroll Taxes. The only responsibility that Employers have is to keep their business in business. While providing jobs is a nice side effect, it's not their responsibility to provide for things like Retirement, Health care, Unemployment Insurance and so forth. These are things that should be purchased by employees, and they should be fully aware of the full cost of such benefits.
The Personal Responsibility Act.
Burn all 60,000 pages of the Tax Code. It's a tax code that was designed specifically to give members of Congress powers to bestow upon special interests in an attempt to keep them in power. Eliminate all taxes, including Social Security, Medicare, Unemployment, Death Taxes, Import Taxes and so forth. Eliminate all Payroll Taxes. The only responsibility that Employers have is to keep their business in business. While providing jobs is a nice side effect, it's not their responsibility to provide for things like Retirement, Health care, Unemployment Insurance and so forth. These are things that should be purchased by employees, and they should be fully aware of the full cost of such benefits.
- Replace current revenue with a 10% Sales Tax on ALL Goods and Services except for Cash Transfers (such as Bank Deposits) and a 10% Import tax with ZERO Exemptions. The U.S. Economy is currently running at around 13 Trillion and we import about 1.5 Trillion in goods alone. Current income taxes collect 1.1 Trillion and current Duties (Import Taxes) collect 26 Billion. This new model would collect 1.3 Trillion (assuming zero growth) in Sales taxes and 150 Billion in Import Taxes, almost 6X more than current levels (again assuming zero growth).
- Give Employees their FULL pay. Now that the Employer no longer has to pay all these taxes, he should go ahead and give that money directly to the employees. On average an employer spends approximately 10% on Social Security, Medicare and unemployment taxes and an additional 15% on Health Insurance. Your typical family salary is currently around $51,000.00, but once you take out all the Taxes and Social Security, that family only takes home about $39,000.00, not including their share of 401K's and Insurances, which on average reduces it another $3300.00 a year, but let's just keep the Original $39000.00 since not everyone has insurance today. This typical family would now see their take home pay increase to $63,750, a 61% increase without costing the employer a dime. He simply shifted the money he was ALREADY spending on Taxes and Insurance back to the employee.
Think about this for a moment, what kind of life would your family have if you had a 61% increase in your level of income. All of a sudden, things like Health insurance is affordable. Retirement Savings isn't an issue. Heck you could even get by without the Government paying for your kids lunch!
- Double the current Minimum Wage. Now that employers no longer have to comply with a crushing level of government mandates, he can afford to pay his employees more. He should pass on the savings to his employees.
- Give Employees a choice, but make retirement mandatory. Now that employees are flush with cash, the only responsibility that Employers now have is to offer an SS401K, (Social Security 401K) where they must put a minimum of 10% of their pay into. In addition, employers need to offer insurance, but all insurance premiums would be fully deducted from the employee's pay, again so he knows the FULL cost of these products.
Let's cover the SS401K's first. These special SS401K's will be Government certified to only invest into Grade A Commercial Paper, Midcap to Largecap growth companies and Home loans (NOT SubPrime Garbage). Every year employees must update the year they plan to retire, and at least half of their account must be moved out of the stock market no later than 5 years from retirement to reduce exposure to volatility. - Issue Bonds to pay for the current crop of Social Security recipients. Currently, the U.S. will have to pay about 17 Trillion over the next 30 years to the people who are currently enrolled in Social Security and Medicare. The U.S. should monetize this obligation and place it in each tax payers SS401K plan on a pro-rated basis, dependent upon how much they've paid into Social Security so far, in the form of U.S. Interest Bearing Bonds (instead of the non interest bearing type they're currently filling Social Security with). Chile has already set a precedence for this and their average retirees are actually worth more than your average retiree here in the richest country in the world. These bonds will require an additional 5% sales tax, but the good news is that once they're paid off (in about 30 years) that extra 5% drag on the economy will be gone.
- Make Employees take responsibility for their Health Care. Pre-existing conditions clauses would be eliminated. Age indexing would be eliminated, all policy holders will pay the same price, regardless of age, sex or condition. While you would think that this would cause rates to rise, in reality it won't because it will balance out with healthy people that currently choose NOT to buy insurance injecting cash into the system. HMO Type policies will also be eliminated because they mask true costs of health care from the general populace, which is why the health care industry is able to get away with increase that are usually 2 or 3X the level of inflation. All employees will have the choice of going with one of 3 policies, a modified Medical Savings Account which has a $5000.00 Cash allotment to be used for medical expenses on a special Credit Card), after which the company pays for all expenses (This would be the closest thing to an HMO, but at least the employee is AWARE of the TRUE cost of services). The second type of policy will be a Catastrophic policy that only pays after a $5000.00 deductible (this will be the cheapest, probably around 2 to $400.00 a month). The third option will be a standard indemnity policy with around a $250.00 deductible and 80/20 coverage, where you file paperwork with the insurance company and they reimburse you 80% of what you paid (usually to 5 or 10K then it covers 100%). All policies will have to cover up to 2 Million. Since Doctors and hospitals will no longer have to hire battalions of Billing Specialist to fight the HMO's for reimbursement, all Doctors that currently take insurance (yeah some don't) will be required to reduce their current prices by 25%. This price control will be in effect for 5 years to give the market time to adjust to the new realities.
- All those who chose to ignore the law (such as illegal Immigrants and the self employed who didn't buy policies) will be transferred to special Government run hospitals if they end up needing care, where they can receive Canadian Style wait for years to get treatment service. This way Hospitals can't use the uninsured as an excuse to charge us $100.00 for a Tylenol.
- Make Employees take responsibility for Mishaps. Mishaps happen, unemployment happens and so employees will have to take responsibility and buy their own unemployment insurance and Accident insurance. Policies like AFLAC pay a certain amount of CASH for every day that someone is in the hospital so they can pay their bills. Unemployment insurance should be offered by private companies with the risk rating relative to how many times someone has applied for unemployment. As an employer, I was keenly aware of employees who would work the minimum of 6 months to qualify for unemployment, they would then get themselves fired and then applied and "took 3 months off". Then went back to work for the next stooge.
Employees that show this pattern of behavior should be charged more for their unemployment insurance. Again, people will be required to buy these kinds of policies, but they shouldn't consume any more than about 1 to 3% of their pay. All of These insurance Policies, Retirement accounts and even savings accounts should be offered as a direct deduction to employees, but none of it should be subsidized by the employer. If the employer wishes to subsidize something, they should simply pay the employee more money and let the employee decide what to do with the cash. - Move more responsibility towards the States. Things like Welfare and other social programs should be administered by the States. With their constituents flush with cash, they will see a MASSIVE increase in sales tax revenue. Remember, even though the average person has to pay 15% more for their products (between the 10% sales Tax and the 5% special Assessment for Social Security Bonds) they will still have between 25 to 61% more money to spend. The average family won't be spending any more than about 15% to 25% of their pay on Retirement and Insurance, so that should leave PLENTY of extra cash for buying more stuff. The states can use this revenue to increase their
responsibility. - Reap the rewards. Small Business owners who inherited the business from their parents will no longer have to pay crushing death taxes and sell off parts of the business. With Oil imports permanently costing 10% more than the home grown variety, companies will have more incentives to both drill at home and develop alternatives, such as Wind and Solar. This alone will help to provide Millions of new jobs. The same goes for a variety of other businesses where imports are only marginally lower than the home grown variety. Businesses that relocated to other parts of the world will be flocking back to the U.S. totake advantage of the elimination of the Capital Gains tax. EVERY Multinational Company in the world will relocate their headquarters to the U.S. With 100% of Profits (instead of 65% under the old system) being reinvested in companies, the U.S. will see the most powerful boom in economic activity since the start of WWII, far eclipsing and surpassing any economic boom that we've ever had.
The only reason I feel that this plan will not work, is because it would never be implemented. The current congress would have way too much power to lose if the tax code were eliminated, and special interest groups would no longer have a need for them. Congressmen would lose MILLIONS in donations. The only way something like this would happen is if the people demanded it, and so here's thefirst voice, demanding that we do this.
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