Country Boy Views

Let Us Try Something Other Than Classwarfare


11/24/2012 Let’s Try Something Other Than Class Warfare The tax cuts across the board, that President Harding used in the 1920s was very successful. The tax cuts of the twenties as well as every major income tax cut has resulted in an effective shift of the tax burden from lower to higher income tax payers. Economic growth in the twenties surged with the tax cuts and the unemployment rates averaged about 4%. How can it be that a reduction in tax rates puts more money in the treasury? A surplus in the treasury, allowed the government to reduce the debt by 25%. Most of you have heard of the roaring twenties, and the tax cuts were certainly a big part of what made it possible. What caused the economic disaster of the 1930s, could it be government meddling in the free market? In 1929 the Smoot-Hawley tariff act was being debated in congress and President Hoover said that he would sign the bill. While the tariff may not have been the full cause of the depression, it certainly did not make things any better. Smoot-Hawley did nothing to foster trust and cooperation among nations, in either the political or economic realm during perilous times. In the mid and late twenties the money was flowing freely and folks were borrowing money to invest in the markets, another case of greed just like the dot-com bubble and the housing bubble. Central banking advocates sell an illusion of monetary stability. A central bank can easily over expand or over contract the stock of money and credit. Canada did not have a central bank. Smoot-Hawley escalated tariff barrier between Canada and the United States, yet Canada did not experience any bank failures or bank runs, and their money supply declined by only13% versus 29% in America. There is every reason to believe that a free banking system most likely would have prevented the disguised inflation of the1920s and averted the geographical vulnerabilities along with the open secondary deflation characteristics of the 1930s. Many of the world’s industrialized countries have scrambled to cut their corporate tax rates to stay competitive in the face of the economic crisis. The United States is not among them. Recently, the U.S. became the industrialized nation with the highest statutory corporate tax rate. There is no doubt that our tax code is a total nightmare and needs to be fixed. The liberals have a one track mind ( tax the rich). How about cut spending about 5% across the board and put a stop to government employees spending on lavish seminars and parties. How about cutting spending on projects, like did Jesus die for Klingons too. It only cost 100,000 dollars. That is only one among many wasteful nonsense adventures. Let us have real spending cuts, not just a reduction in proposed spending. When government says cut spending, they only intend to slow it ever so slightly. The flat marginal rate income tax may never be enacted. The tenacity with which supporters of the progressive tax rate cling to this idea is indicative of their redistributionist philosophy. It also shows their refusal to face reality. Richard Feuilly    

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2013-09-03 - Why

2013-08-26 - Tired Of Lies

2013-08-14 - Ptifully Slow Learners

2013-08-10 - Doctor Kevorkian Will See You Now

2013-08-03 - A Slightly Different View

2013-07-27 - Phony Phony Phony

2013-07-22 - Many Questions Few Answers

2013-07-06 - Luckiest people On Earth

2013-06-21 - Sequestration

2013-06-11 - Charity Begins At Home

2013-06-01 - Wacko Bird Preferable To Rhino

2013-05-18 - Vote "buy" Vote

2013-05-16 - A Rare Opportunity

2013-04-20 - Have You Registered Your Pressure Cooker

2013-04-10 - What A Fabulous Leader

2013-04-01 - How About A Little History

2013-03-18 - Qcean Rise Slows, Earth Heals

2013-03-14 - Things To Ponder

2013-03-03 - Failure to follow constitution

2013-02-23 - try Using Your Head

2013-02-15 - What A Disgrace

2013-02-02 - Man Can't Control Climate Or Human Nature

2013-01-22 - How Could This Be

2013-01-06 - Who Are The Racist

2012-12-31 - What Cruelty

2012-12-22 - Democrat Paradise

2012-12-15 - Are Guns The Problem

2012-11-28 - Democrats Poison The Well Then Blame Others

2012-11-26 - Let Us Try Something Other Than Classwarfare

2012-11-15 - Trick or Treaters or Prodigal Sons

2012-11-11 - Santa Claus Came Early

2012-10-26 - Do You REALLY Know WHO You Are Voting For

2012-10-21 - Opportunity Of A Life Time

2012-10-06 - What Happened To Common Sense

2012-09-23 - Look To The 1920s To See What Could Be

2012-09-18 - Romney is Correct

2012-09-04 - The Greatest Attribute Of The Democrat Party

2012-08-21 - Something You Might Want To Consider

2012-08-03 - Outsourcing

2012-07-04 - Magic Carpet Coming Soon

2012-06-19 - Are You Paying Attention

2012-06-14 - May I Bloviate

2012-05-19 - There Is A Difference

2012-04-28 - It Never Ceases To Amaze Me

2012-04-14 - Time To Wake Up

2012-03-31 - I Didn't Know That

2012-03-22 - Why

2012-03-13 - Can Someone Please Explain

2012-03-07 - The Folly Of Socialism

2012-02-24 - Random Thoughts

2012-02-10 - Tooth Fairy Is Back

2012-01-27 - Mother Teresa For President, Really

2012-01-15 - Free Markets Regulate

2011-12-21 - Empty Suit Propped Up With Teleprompters

2011-11-28 - Glad I'm Not A Democrat

2011-11-15 - Occupiers Represent What

2011-11-10 - Endangered Species

2011-10-12 - Hypocrites Supreme

2011-09-20 - 9/20/11 Sounds Fantastic

2011-09-03 - Missing Link Found

2011-08-09 - I Think I've Been Wasting My Time

2011-08-01 - 88 Feet Per Second

2011-07-18 - Boo Hoo We Can't Cut Spending

2011-07-09 - competence Not change

2011-06-14 - A Beautiful Road To Where

2011-06-05 - Idiots Strike Again

2011-04-29 - Let me be clear

2011-04-28 - Coming Soon

2011-04-12 - Liberals Succumb To Toxic Shock

2011-04-06 - Federal Budget Reform

2011-03-25 - Global Warming Requires Attention Really ?

2011-03-17 - WELL DOGIES

2011-02-25 - Collective Barganing

2011-02-17 - My Apology

2011-02-05 - Dictator Administration

2011-01-30 - I'm Confused, Are You?

2011-01-23 - Democrats In Charge = Disaster

2011-01-23 - Do You Remember