Saturday, July 18, 2015

ObamaCare Taxes

Hello 2015…ROBIN HOOD IS BACK.

As a brief reminder for those who forgot or for many that didn't know.

Here is what happened, quietly, on January 1, 2015:

Medicare tax went from 1.45% to 2.35%

Top Income tax bracket went from 35% to 39.6% PUNISH THE WORKERS....TO REWARD THE NON WORKERS

Top Income payroll tax went from 37.4% to 52.2% MORE PUNISHMENT FOR WORKING HARD!

Capital Gains tax went from 15% to 28% MORE TAX UPON INCOME THAT HAD ALREADY BEEN TAXED!

Dividend tax went from 15% to 39.6% MORE PUNISHMENT FOR INVESTING WISELY AND MAKING GOOD DECISIONS!

Estate tax went from 0% to 55% PUNISHMENT FOR SAVING FOR THE NEXTGENERATION! ONLY TO HAVE IT GO TO THE GOVERNMENT!

A 3.5% Real Estate transaction tax was added.
MORE PUNISHMENT FOR INVESTING IN A HOME OR
RENTAL PROPERTY!
Remember this fact: These taxes were all passed
solely with Democrat votes, Not a single Republican voted for these new taxes.

These taxes were all passed in the Affordable Care Act, aka Obamacare.

If you think that it is important that everyone in the U.S. should know this, the many millions who don't yet, then pass it on.


WORKING AMERICA

Wednesday, July 8, 2015

A Legacy of Cliches

Thomas Sowell wrote on July 7, 2015 at

Discussions of racial problems almost invariably bring out the cliche of "a legacy of slavery." But anyone who is being serious, as distinguished from being political, would surely want to know if whatever he is talking about -- whether fatherless children, crime or whatever -- is in fact a legacy of slavery or of some of the many other things that have been done in the century and a half since slavery ended.
Another cliche that has come into vogue is that slavery is "America's original sin." The great Supreme Court justice Oliver Wendell Holmes said that a good catch phrase could stop thinking for fifty years. Catch phrases about slavery have stopped people from thinking, even longer than that.
Today the moral horror of slavery is so widely condemned that it is hard to realize that there were thousands of years when slavery was practiced around the world by people of virtually every race. Even the leading moral and religious thinkers in different societies accepted slavery as just a fact of life.
No one wanted to be a slave. But their rejection of slavery as a fate for themselves in no way meant that they were unwilling to enslave others. It was just not an issue -- until the 18th century, and then it became an issue only in Western civilization.
Neither Africans, Asians, Polynesians nor the indigenous peoples of the Western Hemisphere saw anything wrong with slavery, even after small segments of British and American societies began to condemn slavery as morally wrong in the 18th century.
What was special about America was not that it had slavery, which existed all over the world, but that Americans were among the very few peoples who began to question the morality of holding human beings in bondage. That was not yet a majority view among Americans in the 18th century, but it was not even a serious minority view in non-Western societies at that time.
Then how did slavery end? We know how it ended in the United States -- at a cost of one life lost in the Civil War for every six slaves freed. But that is not how it ended elsewhere.
What happened in the rest of the world was that all of Western civilization eventually turned against slavery in the 19th century. This meant the end of slavery in European empires around the world, usually over the bitter opposition of non-Western peoples. But the West happened to be militarily dominant at the time.
Turning back to the "legacy of slavery" as an explanation of social problems in black American communities today, anyone who was serious about the truth -- as distinguished from talking points -- would want to check out the facts.
Were children raised with only one parent as common at any time during the first 100 years after slavery as in the first 30 years after the great expansion of the welfare state in the 1960s?
As of 1960, 22 percent of black children were raised with only one parent, usually the mother. Thirty years later, two-thirds of black children were being raised without a father present.
What about ghetto riots, crimes in general and murder in particular? What about low levels of labor force participation and high levels of welfare dependency? None of those things was as bad in the first 100 years after slavery as they became in the wake of the policies and notions of the 1960s.
To many on the left, the 1960s were the glory days of their movements, and for some the days of their youth as well. They have a heavy emotional investment and ego investment in the ideas, aspirations and policies of the 1960s.
It might never occur to many of them to check their beliefs against some hard facts about what actually happened after their ideas and policies were put into effect.
It certainly would not be pleasant to admit, even to yourself, that after promising progress toward "social justice," what you actually delivered was a retrogression toward barbarism.
The principal victims of these retrogressions are the decent, law-abiding members of black communities across the country who are prey to hoodlums and criminals.
Back in the 19th century Frederick Douglass saw the dangers from well-meaning whites. He said: "Everybody has asked the question, 'What shall we do with the Negro?' I have had but one answer from the beginning. Do nothing with us! Your doing with us has already played the mischief with us." Amen.