Saturday, January 18, 2014

This is all wrong

I note also that the language is all in favor of growth, but that's not what it is really all about.  What it is really all about is power.

Let's look at the AT&T's CEO idea of restoring "growth"
  • Fiscal Stability---lauds the recent Ryan-Murray deal.  Sorry, but they got rid of the one thing that was working---sequestration.  Now, the government can resume its upward trajectory of growth.  But this is growth for DC, not for Main Street.
  • Tax Reform--- recommends a lower corporate tax rate.  Sorry, but the average corporate tax rate ought to be increased, not decreased.  This may seem leftist of me, but the corporations are not the bastions of liberty that we should be defending.  If you were to drop personal rates and increase corporate rates, that would be an improvement in liberty.  More liberty will engender more organic growth.  What the CEO recommends will only lead to a concentration of more wealth and power into the wrong hands.
  • Expanded Trade--- More and more trade agreements he says.  Sorry again, but the leading economies today do not destroy their own economic basis as we have done.  I'm all for free trade, but not self-immolation.  What the CEO recommends is a perversion of what Milton Friedman recommended.  It has lead to an export of US jobs overseas.  More of the same as this CEO advocates will only lead to more of the same disappointing results.  We need more Americans at work.  We are exporting jobs overseas.  It's time to recognize the error and try something else.  Perhaps an import tax in order to replace personal income taxes.
  •  Immigration Reform--- Of course, the CEO recommends we do the same thing we have been doing all these years, flood our country with immigrants.  Sorry yet again.  As the Roman Empire fell due to the influx of immigrants who did not assimilate and could not be assimilated, so will we if we continue on the same path.  Time to stop the invasion and enforce the borders.  Give the country a chance to assimilate what we have already got, which is plenty enough people.  We cannot provide jobs for the people already here.
Everything he says is wrong.  He is also for same-sex marriage, or so I've heard.  Also wrong.  The people in the highest places, like CEO's are wrecking this nation.  The best thing is to stop listening to them.  They don't serve the people's interest.  They serve their own.  They are using rather clever wording to convince people that they are for us, but they are not.

Update:

Larry Kudlow agrees with this guy on the issue of corporate tax rates.  Sorry, I cannot agree.  Kudlow needs to read the Constitution.  It says "no capitation tax", which means no taxes on individuals.  The Framers wanted to tax organizations, not individuals.  A corporation is an organization.  The corporations should be taxed.  Importers should be taxes.  Individuals should not be taxed.  That's what the Framers intended and it worked.  What we do now doesn't work for us, but works great for the rest of the world.


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