There’s no accounting for taste.
See ScoopThis.org for translation.
Hat tip: Hot Air Headlines
I think the advice can be summed up with the term, “Going Galt”:
The Washington Post ran a column a few days ago, in which a Mr. Joel Berg applauds the Obama Administration for reducing the amount of charitable deduction that The Rich are allowed to take when they write a check to charity.
Mr. Berg – who runs a charitable foundation that feeds the poor — explains things for us thusly:
“…It is wrong to give them [the very rich] unilateral power to decide whether their taxpayer-subsidized donations should go to, say, well-heeled operas or lavish care of pets rather than to organizations that meet more pressing communal needs.”
Mr. Berg lists two specific ways in which The Rich have been Letting Down the Team – again.
“First,” he writes, “such tax deductions are a highly inefficient way to fund social programs.” Got that? He continues: “Second, voluntary private charity is a less equitable way to solve community problems.”
See the problem here? “When the wealthiest Americans donate to charities,” writes Berg, “they are most likely to give to universities, hospitals and cultural institutions from which they and their families may benefit.”
The filthy swine!
The answer is simple. Don’t let The Rich have a big deduction on charitable giving, since they will donate to stupid things like the Arts or medical centers, instead of those charities doing important things – like Mr. Berg’s.
No sir! The answer is clear: simply tax them more.
“Combined with other progressive Obama tax proposals, that change would not only start to redress the inequality gap that has engulfed America in recent decades but would also help to pay for many effective domestic programs…”
…Which Mr. Berg then helpfully goes on to list.
Well, I read this article in the Washington Post, and I thought: there you have it. The top ten percent, that pays sixty percent of the total income tax and which allows the bottom half – HALF! – to pay nothing… Those horrible, greedy bastards are not using their free-will generosity as “efficiently” as the government can, so let’s just take more of their money and call it square.
So let me now send a personal message to The Rich in America…
As an American and a patriot, I implore you – I go to my knees and beg you – LEAVE NOW.
Read Whittle’s entire piece to learn a little bit about his own journey from the whiny, demanding, sponge of his youth, to the man he is, today, and why he thinks “The Rich” need to escape Obama’s money grubbing hooks, not for their own sakes, but for everyone else’s.
Coincidentally, I just happened upon this open letter to Obama, at Daily Pundit, written by a businessman who most likely didn’t need Whittle’s advice before he decided to get the hell out of Dodge:
and this guy’s handle is “Austrian“…
Let me just tell you, Congressional/Executive Branch Scumbag, Esq., if you do this… if you take this turn… I won’t even think twice. I will move my firm to Switzerland, or to London before the year is out. Those employees who do not follow me, I will have to fire. The corporate taxes I pay will no longer be yours. Instead, they will go to something useful, like a nice tunnel through a mountain for high speed trains that actually work. Further, I will dedicate a substantial portion of my personal time, effort and capital to frustrating your every attempt to collect personal taxes on me thereafter- given your draconian anti-expatriation laws. But that’s not all. My job is to make money for my clients, in whatever way I can. I will short your flagging financial firms mercilessly and remorselessly. I will buy QGRI puts to bet against any firm that took bailout money. I will buy credit default swaps on every firm you put your greasy paws on, because I know your fingerprints are laced with poison. For every boneheaded centralist move you make, I will be there, profiting from your lunacy. I will never again take a client who pays taxes in the United States. I will not permit any capital or profit to be diverted to any such. I will do this because in the same way you believe it your divine right to punish “greed,” I consider it my duty to punish the stupidity and arrogance that is central planning, and because I believe in economic freedom.
I wonder if this is the beginning of a stampede?
An exercise in compare and contrast:
Hat tip: Moonbattery