Tuesday, August 21, 2012

Henry Blodget's Charts

       WHAT GUMMINT DOES
    
   
                    Henry Blodget's Show of Shows


This is a quite impressive presentation of data by Henry Blodget, and  none of this is meant to attack that effort. But, people with an ideology, and in economics that's everybody, will have it leaking out in their produce.  Especially when they begin, "politics aside"  So who is this guy?

A respected economist and owner of Business Insider, Blodget also has a chair on Huffington Post where he writes stuff  with a political tone and tenor like " Are Wackos With Guns Just a Fact Of Life in America?," in case you're wondering.   He also had some jousts with the late Andrew Brietbart.  Still, his charts will (like the Bible) be used by anyone to prove  anything they  want to prove (ahem).  Almost none of them will have the foggiest idea of  it's underlying data.

 I already know which charts the Obama media will be using for the next 20 years, and so will you.  When I looked at these chrats all I saw was federal government - Godzilla- on steroids.  Massive growth of a machine which only function is to grow.  I liked this guy's comment, because I at least understand it.

this whole high tax/low tax, democrat/republican split is being fostered by the elites to keep americans occupied in endless debate while they further their plans for global domination
 




8/21/2012 08:30:00 PM 7 Comments

"If the number of Islamic terror attacks continues at the current rate, candlelight vigils will soon be the number-one cause of global warming. "
Argus Hamilton


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7 comments:

Steve in Greensboro said...

Blodgie is a felon (securities fraud) and a commie. He is most certainly NOT a respected anything, let alone a respected economist. His website is a joke. If you want to read business/investing, you might try zerohedge, actingman or mish.

8/21/12, 11:00 PM
Anonymous said...

Interesting charts, irrational conclusion.
- If top earners pay a greater percentage of income than lower earners, increasing income for lower earners would decrease tax revenue. Logic would say make the rich even richer, they will pay more back in taxes.
- Low end take home wages are low because businesses have huge compliance costs. Consequently, the market moves more low end jobs overseas rather than incur costs for EPA, OSHA,EO, litigation risk, etc.

Typical liberal: Big government is the problem, therefore we need more government...

jr in WV

8/22/12, 6:54 AM
DougM said...

I say again,
the only "fair" tax is when everyone pays the same amount,
not even the same rate.
Everything else is redistribution, special favors, theft, slavery, and looting.

8/22/12, 10:33 AM
Rodger the Real King of France said...

Doug wins. End of Story.

8/22/12, 11:08 AM
Kristophr said...

15% is about the going rate for tax havens.

Set the rate for all income at 10%, with a very low no tax bottom tier to avoid having the IRS chase lawn mowing kids. 10%, no exceptions. We don't care how charitable you are, or how much interest your new house costs, or if that money is for medical care only.

It's the urge to reward behavior with tax breaks that has caused all this crap in the tax code in the first place.

8/22/12, 7:22 PM
Kristophr said...

DougM:

You don't get to inflict a fixed head tax on Americans. You can tax the polulationa fixed amount, and divde that ammount up by the census number, but it has been a very long time since we had a federal tax on houses or slaves.

We do still have a federal tax on Estates.

The capitation clause of Article I of the United States Constitution, reads "[n]o capitation, or other direct, tax shall be laid, unless in proportion to the census or enumeration herein before directed to be taken."

Capitation here means a tax of a uniform, fixed amount per taxpayer. Direct tax means a tax levied directly by the United States federal government on taxpayers, as opposed to a tax on events or transactions.

The United States government levied direct taxes from time to time during the 18th and early 19th centuries. It levied direct taxes on the owners of houses, land, slaves, and estates in the late 1790s but cancelled the taxes in 1802.

8/22/12, 7:28 PM
Kristophr said...

So ... you can have:

A federal Land or Home tax, with a fixed amount per house or per acre.

An federal estate Tax.

An excise tax on goods, either on manufacture, use, or on export/import.

A per person poll tax, but the total amount collected must be set, and divided by the population ( this has never been done yet by the feds, BTW. States have done it, and made it voluntary ... you must pay it to be able to vote. The 14th amendment forbade this usage).

And finally, and income tax under the 16th Amendment.

8/22/12, 7:34 PM

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