Tag Archives: Koch

Ryan thinks he is John Galt – defender of the rich, enemy of the poor, not a denizen of the swamp?

Ayn Rand’s novel, Atlas Shrugged, begins with a simple question: Who is John Galt?

The answer comes in the last third of that 1957 book, where Galt emerges as the champion of capitalism and defender of Rand’s Objectivism philosophy, which has opposed:

  • Child and Adult Care Food Program
  • Federal Housing Assistance
  • Food Stamps
  • Head Start
  • Low-Income Home Energy Assistance Program
  • Medicare & Medicaid
  • Nationalized Health Care
  • School Lunch and Breakfast Programs
  • Social Security
  • Special Supplemental Nutrition Program
  • State Children’s Health Insurance Program
  • Temporary Assistance for Needy Families
  • The Pension Benefit Guaranty Corporation
  • Title XX Social Services Block Grant Program
  • Trade Adjustment Assistance
  • Workers’ Compensation

Galt was not real, but he was a hero to the children of many wealthy families. These sheltered capitalists-in-training saw Ayn Rand as a hero, because she espoused that caring for nobody but yourself was not selfish, but a virtue. Continue reading →

Center for American Progress and CATO both want to invest our Social Security funds in stock market

When the right and left political wings agree, you can bet middle-class Americans are in trouble.

And if you are talking about Social Security, a new bipartisan plan spells major cuts in benefits, as the establishment is set to privatize our public retirement system after the mid-term elections next year.

John Podesta – Trilateral member

About $2.8 trillion (2,800,000,000) has been borrowed since the 1980s from your Social Security contributions to pay for bureaucratic wars on poverty. to fight real wars on ungrateful Arabs, to sweetheart deals to campaign contributors, and to create a war machine larger than all other countries combined.

But the political class has decided it should not pay back this money, but will instead cut your Social Security benefits enough so they you only get benefits from FICA taxes paid in the current year, and receive none of the money borrowed from the Trust Fund, which will be dissolved. Continue reading →

GOP plan to end “Death Tax” means the billionaires will be overjoyed, while the rest of us pay the bills

Tuesday, 4/4/17: examining entire fake “Russian Dossier” on Donald Trump!

Estate tax percentages have varied in recent history, ranging from 55% in 2000 under George Bush #1 to 35% under Barack Obama and now 40% under Donald Trump. The GOP wants it to be zero.

300px-Estate_Tax_Returns_as_a_Percentage_of_Adult_Deaths,_1982_-_2010Currently, couples with less than about $11,000,000 pay no estate tax. On amounts above that, the government takes 40% for taxes. The history of the estate tax revolves around the desire for fair taxation of the richest Americans to pay for public programs.

Eliminating the estate tax will aid any couple who die with more than $11 million (current deduction), and the GOP argues that this would affect many small businesses, which would have to sell land or equipment to pay the tax.

I have an idea that should please the GOP and still maintain some sanity in our progressive tax system. This is in addition to the 123 Plan, which easily adds $54 billion in revenues to the federal budget this year.

Only apply the estate tax to those whose estates are $1 Billion or more, but raise the rate to Bush #1 rate of 55%.

That would generate $1,514,425,000,000, or $1.5 Trillion that the rest of us won’t have to pay in income and other taxes. This revenue is calculated by taking the total current Forbes wealth of all American billionaires and assuming they will die someday and have to pay the estate tax.

If there is no estate tax, they will avoid $1.5 trillion in taxes.

Who are these billionaires. Check the list Continue reading →

Koch & Iran deal – GOP candidates may be liars

John Glaser and Justin Logan, writing on the CATO Institute website have claimed that the deal with Iran to delay making atomic bombs “is an historic achievement that decreases the likelihood of an Iranian nuclear weapon and forestalls the risk of another costly U.S. war in the Middle East.”

The near-consensus among arms controllers is due to the deal’s strong nonproliferation features. Under the deal, Iran would reduce its stockpile of centrifuges by two-thirds and dismantle about 97% of its low-enriched uranium. For 15 years, the Iranians will be prohibited from enriching any uranium at their Fordow site and the Arak reactor for plutonium production would be permanently disabled, CATO braintrusters assert..

Throughout, Iran would be subject to one of the most robust and intrusive inspection regimes in the world, with continuous video monitoring of its uranium mines for the next 25 years and monitoring of centrifuge production facilities for 20 years. Expanded inspections under the Additional Protocol are permanent.

The CATO Institute is a libertarian organization founded as the Charles Koch Foundation in 1974 by Ed Crane, Murray Rothbard, and Charles Koch.

Yes, that Charles Koch, darling of the conservative wing of the GOP, son of Fred Koch, founder of the John Birch Society. Originally, CATO was called the Charles Koch Continue reading →

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