California Truckers are taking the EPA to court over new trucking regulations. Let's see if Occupy Wall Street picks up on this one. As is typical of big business coziness with Federal Regulators to winnow the field for them, the ATA is fully on board, since most of their dues are paid for by the big national operators who have the most to gain from these rules. These new rules will be devastating to most smaller operators, since they will be forced to upgrade their fleets. Many of these smaller operators already reeling from higher fuel costs that have been difficult to pass on in this tough economy.
The EPA claims that they're trying to get the trucking industry to lower their "Carbon Footprint", even though this whole Global Warming fiasco has been shown to be little more than a MASSIVE Hoax, created to line the pockets of the very people pushing the agenda.
As the Government continues to push an agenda that benefits big business while hurting small business, it's no wonder that there are so few businesses willing to invest in this economy. It seems more and more clear as the days go on, that unless you're somehow "connected", you Goose is cooked and others are ready and waiting to eat your lunch.
Until we the people choose to roll back the size and scope of this Government, we will see more and more examples of our businesses, our neighborhoods and our homes being sacrificed to the alter of the "Connected Partners" in Government. Those who are "in" will always have the advantage over us, and nothing will change. Always vote for the smallest government guy you can find when choosing elected officials and let's get rid of all these guys who think they can micromanage our lives and our businesses. I'm an adult, I don't need "Big Brother" looking out for me.
05 January 2012
How to "Fix" the Real Estate Market
It's simple, you tax an activity that you want LESS, and then you'll get more of that activity. It's one of the reasons people delay marriage these days, you get more government goodies by staying single, especially single mothers... But that's a discussion for another time.
Let's take a look at the past, since there are many lessons to be learned. When Reagan became President, the Economy was in a full blown tail spin. We had record unemployment, record inflation, housing was practically worthless and the morale of the U.S. was an an all time low. One of the effects of the Recovery Act of 1981 was not only to lower the top marginal rates from 75% to 50%, but it also created a MAJOR loophole to where income derived from Real Estate Investments were not taxable as long as the profits were reinvested in Real Estate.
The problem wasn't that it didn't work, the Reagan Revolution created over 2 MILLION Jobs a Year! Compare that to these days' anemic job numbers, such as last August where there was effectively Zero job growth for the entire month and at best we've seen no more than 100,000 jobs created per month (with a THIRD higher level of population!). The real problem was that there was so much jealousy created towards the few people who didn't pay taxes that they destroyed the whole system, along with an entire banking sector, just to make sure that a small minority of people were paying their "Fair Share" of taxes, instead of putting that money into the evil pockets of their employees, construction workers, delivery men, bankers, the Furniture guys and anyone else who profited from the massive construction boom under way. The 1981 Tax Act was responsible for DOUBLING Federal Revenues by the end of Reagan's term, yet was considered a failure because a few people didn't pay taxes. Incredible.
The same is happening today, where even Obama famously said in response to a question on Capital Gains taxes, that even if the economy was negatively affected by higher taxes he would still increase those taxes because it was the FAIR thing to do.
If we can put these types of idiotic reasoning's behind us and pass a tax reform act that makes investments in Real Estate and Manufacturing a tax free enterprise, we would put MILLIONS of people back to work. Let's face it, manufacturing and real estate is where the real money is. Both of these industries are dying anyway and so you can't sit there and say that we would "Miss Out" on taxing these guys, because the truth is that the government would be better off collecting taxes from all the employees, than giving them unemployment benefits as they're doing now. Let's take the handcuffs off, forget about the fact that YES, there will be some people that won't be paying taxes, but who cares, those same people will be putting their capital to good use and employing millions. To me getting more people OUT of unemployment is the FAIR thing to do. So let's DO it!
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