Monday, October 27, 2008

A Lesson In Obamanomics

Doug Powers, writing in World Net Daily, explains redistribution of wealth from Joe the Plumber's point of view. As for me, I'll just sit back and let you enjoy the column.

Tip of the battered gray fedora to Kent C for tipping me off and yet again for the photo.

Remember, VOTE FOR NO INCUMBENT!

Warm regards,

Col. Hogan

9 comments:

Kent C said...

Col.,

Just loved this part:

"Not only that, but for some reason the demand for plumbing work from the group of people who get it for free has skyrocketed"

The dumb bastards never take into account the unintended consequences to their 'good intentions'.

'Let's increase the luxury tax on yachts!' and their nephew who does the sanding at Hatteras for minimum wage gets layed off.

The Dems in Congress must find in odd that when taxes are decreased they get more money to spend. (not that it would change their normal splurging ;-).

And the idiots that they're preaching to just figure that if _they_ got a raise, they'd get more money, so raising taxes must get more money too!

Kent C

Lone Chatelaine said...

I don't see why people just don't get this. It's so obvious and simple to me.

My father's business makes over 250 thousand a year. He writes a check every month for about 25,000 in taxes to the IRS. If the business had lower taxes, he could hire additional full time warehouse and delivery workers with a full time salary, full medical benefits, and no weekend work. Good jobs for a small town of 7000 people.

But if the taxes go way higher when sales are in a downturn due to the economy, he may have to downsize, and that's bad for a small town.

Simple 12th grade economics.

MK said...

I saw a quote at another blog, regarding Obama's redistribution plans. It's actually the re-distribution of poverty.

Which makes more sense because that's what you'll end up with.

Col. Hogan said...

Kent,

In street terms, its "let's get it while the gettin's good."

I remember the luxury tax the last time they tried it. Yacht builders had to close their doors virtually overnight. I think the rich folks simply bought their yachts overseas.

Col. Hogan said...

LC,

Conservative pundits claim that B Hussein's Presidency will be much like that of Jimma Carter: a deepening recession and very high unemployment.

Something to look forward to--even tough I don't think McCain will be much better. Maybe a little better.

Col. Hogan said...

MK,

As I wrote to LC above, it'll lead to a deepening recession and very high unemployment. Soup lines? More cheese handouts?

Kent C said...

Col.,
"I think the rich folks simply bought their yachts overseas."

Some did. Some just got off the 'I need a few extra feet' jag ;-) and kept the ones they had. Some yacht companies and their support went belly up.

IIRC, the projected revenues was something like $3 billion (which doesn't sound like a lot today ;-), and they lost $9 bil. in revenues. Another socialist idea bit the dust. Tax the rich! And the people that voted for the Dems lost their jobs. Serves them right. The same will happen this year if 'The One' gets in, and they'll still blame it on the producers and the Republicans and the free market.

I watched most of 0bama's infomercial - what a yawner. And, btw, the B&O railroad (he said one of the 'victims' retired from the B&O) was taken over by the C&O (later Chessie System and even later CSX) in 1963. So the guy retired from CSX. Maybe he thought he needed support in Maryland ;-)

Kent C

Kent C said...

MK said:
"It's actually the re-distribution of poverty."

Spread the misery! :-)

Kent C said...

LC,
"I don't see why people just don't get this. It's so obvious and simple to me."

I don't either! Even if they look at it in 'pie' terms, which it isn't - if gov't gets a bigger share of the pie, whatever's left is what can be fed to the workers in terms of wages and benefits. When the gov't slice is bigger, the worker's slice is smaller. Duh? Sigh....

Like your blog, btw. We've had mud daubers too. We had 'board and battan' vertical cedar which created little tunnels between the boards - ended up filling them up with styrofoam and caulk and the wasps went elsewhere. They aren't as agressive as some but if you interfere, they'll still sting you.

Kent C