Ignoring history, Obama falsely claims that raising the capital gains tax yields higher tax revenue

The Washington Times recently reported:

Obama’s State of the Union speech to include $320B tax hike proposal

President wants capital gains rate, bank fees raised

President Obama will propose $320 billion in higher taxes in his State of the Union address, mostly by raising the rate on capital gains and closing tax loopholes for wealthier families, senior administration officials said Saturday.

Previewing Mr. Obama’s State of the Union address to Congress on Tuesday night, aides said the president will propose raising the top tax rate on capital gains to 28 percent, from the current 23.8 percent (20 percent, plus a 3.8 percent tax on unearned income to fund Obamacare) for individual taxpayers with an adjusted gross income of $200,000 or more.

Obama is ignoring the fact that in the real world, raising the capital gains tax in the past has resulted in lower tax revenues.

January 24, 2015. Tags: , , , , , , , , , , , , , , , , . Barack Obama, Economics, Politics. 4 comments.

Venezuelan military tells supermarket customers not to take pictures of empty shelves

The Venezuelan military has troops stationed in supermarkets, and they are telling customers not to take pictures of empty shelves. But that hasn’t stopped people from doing it. During the first week of 2015, the Twitter hashtag #AnaquelesVaciosEnVenezuela (“Empty shelves in Venezuela”) listed more than 200,000 tweets.

For example: (posted here under fair use from https://twitter.com/Indiferencia/status/551547489565016064/photo/1 )

empty shelves

From a different website, here’s a picture of people waiting in line to buy food: (posted here under fair use from http://www.businessinsider.com/long-food-lines-are-in-venezuela-2014-2 )

food line


January 10, 2015. Tags: , , , , , , , , , , , , , , , , , , , , . Communism, Economics, Food, Military, Police state, Political correctness, Politics. 3 comments.

We should send many large ships to Cuba every day and offer U.S. citizenship to every anti-Communuist in Cuba

We would have to offer bribes to the Cuban police and military guards, but by U.S. standards, it wouldn’t be expensive: a handful of U.S. currency, bottles of booze, toilet paper, chocolate bars, and pornographic magazines should be enough to get the job done. This would make the police and guards look forward to the arrival of these ships, instead of trying to stop them.

After a few months, Castro wouldn’t have anyone to rule over, because everyone would have left the country.

February 27, 2014. Tags: , , , , , . Communism, Politics. Leave a comment.

Marco Rubio explains that Venezuela is turning into a Cuban-style dictatorship

In this excellent 14 minute speech, Marco Rubio explains that Venezuela is turning into a Cuban-style dictatorship.

He asks what good is Cuba’s high literacy rate if the government prevents the people from reading the things that they want to read.

He asks what good is Cuba’s medical care if doctors can make more money from driving a taxi than from working as a doctor.

He asks why, if Cuba is as great as its supporters in the U.S. say it is, do so many refugees, doctors, and baseball players flee Cuba for the United States, instead of it being the other way around.

He says the reason Venezuela has a shortage of toiler paper is because communism doesn’t work.

He talks about the arrests and censorship of protestors in Venezuela.

He argues for a U.S. embargo against Venezuela, which is the only thing he says that I don’t see agree with. I think an embargo would hurt the people of Venezuela, and would make it easier for their government to censor and oppress them. I also oppose the U.S. embargo against Cuba. I think the U.S. should offer citizenship to every anti-communist citizen of Venezuela and Cuba. I think we should send lots of large ships to Cuba every day and bring back every Cuban citizen who wishes to live in the U.S. After a few months, Castro wouldn’t have anyone to rule over, because everyone would have left the country.


February 26, 2014. Tags: , , , , , , , . Communism, Police state, Politics. 4 comments.

Hugo Chavez was an incompetent, communist dictator, who wreaked havoc on Venezuela’s ability to produce goods and services

Last year, Hugo Chavez, the President of Venezuela, died.

February 24, 2014. Tags: , , , , , , , . Communism, Economics, Politics. 1 comment.

Poll: If you could abolish income inequality, or poverty, but not both, which one would you choose?

December 8, 2013. Tags: , , , , , , , , , , . Economics, Politics, Polls. 5 comments.

Is Barack Obama a communist? I don’t know. But here are five things I do know.

1) The Obama administration spent $1.6 million to restore graffiti that glorified communist murderers Che Guevara and Fidel Castro.

October 17, 2012. Tags: , , , , , , , , , , , , , . Communism, Politics. 5 comments.

Poll: man who created 7,000 jobs tells his employees what he’ll do if Obama gets reelected and raises taxes

David Siegel is the founder and CEO of Westgate Resorts, a real estate and timeshare company. In a recent letter to his 7,000 employees, he wrote:

Who is really stimulating the economy? Is it the Government that wants to take money from those who have earned it and give it to those who have not, or is it people like me who built a company out of his garage and directly employs over 7,000 people and hosts over 3 million people per year with a great vacation?

I can no longer support a system that penalizes the productive and gives to the unproductive. My motivation to work and to provide jobs will be destroyed, and with it, so will your opportunities. If that happens, you can find me in the Caribbean sitting on the beach, under a palm tree, retired, and with no employees to worry about.

That’s really quite good – I like that. Perhaps he’s read Atlas Shrugged.

October 9, 2012. Tags: , , , , , , , , , , , , , , , , , , , , , , , , . Politics, Polls. Leave a comment.


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