Overcoming the posturings, posings and the blowing out of zeppelin loads of hot air by the members of Congress still living in 1940 and hoping that Socialism will still take hold in the U.S., the tax bill finally passed.
And the major stumbling block was the estate tax, because Pinko's have a problem with folks keeping the money they've earned. These parasites live under the delusion that it's wrong to be successful and that anything accumulated by others, somehow belongs to them.
As far as the plan itself goes, it includes an estate tax allowing the first $10 million of a couple's estate to pass to heirs without taxation. Amounts over that would be subject to a 35 percent tax rate. But what many House Democrats wanted was a tax that would allow couples to pass only $7 million tax-free, and anything more taxed at a 45 percent rate. They argued that the higher estate tax would affect only 6,600 of the wealthiest estates in 2011 and would save $23 billion over two years.
Departing House Speaker Nancy Pelosi, called the estate tax the "most egregious provision" in the bill. She held a vote that would have imposed the higher estate tax. It failed, 194-233.
Now, what I still don't understand is: Why does a dime of anyone's estate go to anybody, especially the government, unless those that earned that money decide to give it to them? And not only have the funds already been taxed, when they were earned or accrued, there's no earthly logical reason for the tax at all. In fact, it's outright theft.
Along the same lines, I've suspected for quite some time now that the unemployment rate is likely overstated, because smart folks haven't been sitting on their hands waiting for things to get better job-wise. My guess is they're out there doing things, but getting paid off the books. Because that way, Sam doesn't have his claws in their pockets.
What I think facilitated this "underground" work force is when businesses used the economic down-slide as an excuse to blow out lot's of dead wood from their employment rolls. In many cases, they axed too many folks. But, instead of hiring them back, they brought them on as "consultants " thereby eliminating the need to offer the benefits and perks that strangled those businesses to begin with.
And the idea of hiring consultants is nothing new, because many large corporations were buried under staffs of non-productive blocks of wood but couldn't rid themselves of them without bringing on a zillion lawsuits for discrimination, harassment, and whatever else labor attorneys can dream up. So, to get needed productivity, businesses brought in supplemental outside help.
What I believe all this sums up to is a changing workplace where folks no longer care if they have so-called full-time jobs, because between taxation, regulation and all of the other nonsensical burdens of being "employed," they've now learned they're better off on their own. Especially when it comes to how they're compensated and what their pay checks look like without all those "deductions" withheld.
Thus, once again in it's divine wisdom government's taken the best economic system ever known to man and forced it underground. And through it's greed, stupidity and arrogance it's shot the golden goose outright dead. What's more, as the trend toward self-reliance builds, not only won't there be a return to the former "employment" levels, but tax reporting and collection may decrease to the point to where Washington starves itself to death.
That's it for today folks.
Adios
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