Obamacare is a divisive piece of legislation. You all know which side of the issue IVLG lands on, of course.
But it makes me wonder why anyone would want the government to tell them what to do... again. Supporting legislation like this only diminishes your own right to choose.
Reason.com has a very interesting article that discusses and outlines the unenforceable nature of Obamacare. I suggest everyone read it.
-Matthew Nielsen
IVLG
Showing posts with label taxes. Show all posts
Showing posts with label taxes. Show all posts
Friday, July 20, 2012
Thursday, July 19, 2012
Nuclear Iran: US Foreign Policy
In today's "global village" foreign relations is immeasurably important.
First and foremost, a nation has a responsibility to its citizens to
engage in relationships with other countries for economic reasons. When
you're the United States, it's an absolute necessity. How about politics? Today the United States gives away billions of dollars to other countries in the name of... Charity? Good Sportsmanship? Fairness? Economic Interest?
But, how far is too far? Should we be telling other countries what they can and can't do? If you think so, should other countries be telling the USA what to do?
"The great rule of conduct for us in regard to foreign nations is in extending our commercial relations, to have with them as little political connection as possible. So far as we have already formed engagements, let them be fulfilled with perfect good faith. Here let us stop." -George Washington, 1796
Why do politicians tax our incomes then throw it over an ocean or two? WHY!?
They believe they're better judges of who needs my money than I am. Why else would they do it? WHY!?
WHY!?
But, how far is too far? Should we be telling other countries what they can and can't do? If you think so, should other countries be telling the USA what to do?
"The great rule of conduct for us in regard to foreign nations is in extending our commercial relations, to have with them as little political connection as possible. So far as we have already formed engagements, let them be fulfilled with perfect good faith. Here let us stop." -George Washington, 1796
Why do politicians tax our incomes then throw it over an ocean or two? WHY!?
They believe they're better judges of who needs my money than I am. Why else would they do it? WHY!?
WHY!?
Thursday, November 5, 2009
The Real Cost of Gov't Intervention
Recent figures on the true cost of the Cash for Clunkers program and the First-time Home Buyers Tax Credit program show they are costing the government a lot of money... Let me rephrase that: YOU, the American taxpayer, are getting pick-pocketed by the U.S. government, and they can't even do that efficiently.
To elaborate, the brilliant Cash-for-Clunkers program was intended to boost car sales and to get gas guzzlers off the road, which would be replaced by shiny new fuel-efficient vehicles. For every clunker you bring in, you get $4500 toward the price of a newer, more efficient car. In order to administrate this program, the government has to pay people. They can't work for free, right? So, for every car that was purchased under this program, the cost to the government (i.e. you and me), was $24,000. What a bargain, huh? So, 690,000 cars @ $24,000/ea = $16.56 billion. Every man, woman and child in the U.S. just committed $50.95 each to this magnificent success of a program, give or take a dime. Keep in mind, too, this isn't really the case, though, because no children actually pay taxes and not every man or woman pays taxes either. So, for the taxpaying American, that number goes up.
Now, let's discuss the First-time Home Buyers Tax Credit program. This piece of work promised that the government, (read: you), would essentially pay $8,000 to anyone who chooses to buy a home for the first time, including four-year-old children. So far, this program is costing the government $10.8 billion in lost taxes. The trickle-down comes to $33.23 for every man, woman, and child in America. I say "So far" because it's not over. This program has been so great that it's being expanded! I should note again that the cost per taxpayer is different than the cost per person within the borders of the United States.
What does this imply for the national deficit or the budget deficit? Well, that's a whole different story that will need to be addressed later. I will give you a preview: it's not good news.
To elaborate, the brilliant Cash-for-Clunkers program was intended to boost car sales and to get gas guzzlers off the road, which would be replaced by shiny new fuel-efficient vehicles. For every clunker you bring in, you get $4500 toward the price of a newer, more efficient car. In order to administrate this program, the government has to pay people. They can't work for free, right? So, for every car that was purchased under this program, the cost to the government (i.e. you and me), was $24,000. What a bargain, huh? So, 690,000 cars @ $24,000/ea = $16.56 billion. Every man, woman and child in the U.S. just committed $50.95 each to this magnificent success of a program, give or take a dime. Keep in mind, too, this isn't really the case, though, because no children actually pay taxes and not every man or woman pays taxes either. So, for the taxpaying American, that number goes up.
Now, let's discuss the First-time Home Buyers Tax Credit program. This piece of work promised that the government, (read: you), would essentially pay $8,000 to anyone who chooses to buy a home for the first time, including four-year-old children. So far, this program is costing the government $10.8 billion in lost taxes. The trickle-down comes to $33.23 for every man, woman, and child in America. I say "So far" because it's not over. This program has been so great that it's being expanded! I should note again that the cost per taxpayer is different than the cost per person within the borders of the United States.
What does this imply for the national deficit or the budget deficit? Well, that's a whole different story that will need to be addressed later. I will give you a preview: it's not good news.
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