Wednesday, November 7, 2012

The Democrat party tries to paint the Republican party as "only catering to the rich." Talk to any Democrat for more than 5 minutes, and you'll surely hear this argument  But 48% of the American population is not rich (Romney's share), 7 out of the 10 richest members of congress are Democrats, and 8 of the top 10 richest counties in the country voted for Obama. Hmmmm, what does that tell you?

Saturday, August 25, 2012

Sending Money Overseas

There's one concept seems a little contradictory to me. Many people are pissed off when an illegal immigrant works here and then sends money out of the country and back home; They are ready to start lynching when a millionaire invests overseas, with a factory or such.

But then they have absolutely no problem when billionaires like Gates and Buffett send billions of dollars overseas to provide direct services for Africans. In all three cases money is leaving the country. So is money that leaves for the reason of increasing the world population with direct food and services somehow more noble than providing jobs for people so that they can feed themselves and at the same time increase the world GDP?

Direct aid is money that is vaporized and never has a prospect of returning. It also does nothing to "teach them to fish." An investment in a factory produces goods that people can use, provides a productive activity for employees, the business owners earn a return on their money, and one day the factory may be sold and the profits brought home if a new investment opportunity in the country is appealing (and tax incentives are fair). Furthermore, direct aid just increases the world population which then increases environmental damage with a never ending feedback loop that requires more and more money. And finally, while it helps some individuals, it does nothing to help humanity, such as what disease or vaccine research would (The Gates Foundation does do some of this).

I don't care where anyone spends their own money. That is their business and they could wipe their asses with twenties for all I care. But I just think that when people start talking about other people's money business, they should really look a little closer at the concept.

Monday, August 13, 2012

Tuesday, August 7, 2012

Remember all that infrastructure rebuilding that Obama once touted? Well much of it went to Chinese firms and workers. Good job with those jobs Obama.

Monday, July 16, 2012

Notice how payroll taxes have increased over the last 60 years? Social Security costs cannot be contained and have continued to increase to pay for the benefits of current retirees. You didn't think that social security was an investment did you?

Obama's Socialist Rant

To all you business owners out there: "If you've got a business, you didn't build that. Somebody else made that happen....If you've been successful, you didn't get there on your own," Obama said Monday. He goes on to say that the wealthy should pay a little bit more. I ask, a little bit more than what? The wealthy are already paying a LOT more. With the top 1% paying 40% of all federal income taxes, and a progressive tax that continues to punish the successful the more they make, how much more does this socialist want? Everybody uses roads, everybody uses national defense, everybody had a teacher at one point (and don't forget, we ALREADY are paying taxes for these), but I fail to see how these directly help someone make more money than another person when everyone is faced with the same infrastructure. The key differences are the choices that the person who started a business made and the choices the person who walked over to the welfare line made. If the presence of government is what makes one rich, then why isn't everyone rich? I'll raise the stakes: why is it that the government is saying more people are "poor" and have added them to the government dole as government has gotten bigger?

Over at Investor's Business Daily, there is a an excellent critque of Obama's ignorant words such as, "Is it a coincidence that virtually the only people President Obama gives credit to for anything are teacher and construction unions?"
And a quote that just nails it, "Michelangelo didn't paint the Sistine Chapel, you know. Credit must be given to the folks who built the scaffolding and the inventor of paint."