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And can the liberties of a nation be thought secure when we have removed their only firm basis, a conviction in the minds of the people that these liberties are the gift of God? That they are not to be violated but with His wrath? Indeed I tremble for my country when I reflect that God is just: that His justice cannot sleep for ever. - Thomas Jefferson, Notes on the State of Virginia, 1781In the beginning of the contest with Britain, when we were sensible of danger, we had daily prayers in this room for the divine protection. Our prayers, sir, were heard and they were graciously answered.…Have we now forgotten this powerful Friend? Do we imagine that we no longer need His assistance? I have lived a long time, and the longer I live the more convincing proof I see of this truth, that God governs in the affairs of men.…We have been assured, sir, that 'except the Lord builds the house, they labor in vain that build it,' and without His concurring aid, we shall succeed in this political building no better than the builders of Babel.- Benjamin Franklin, at the Constitutional Convention in Philadelphia, 1787A general dissolution of principles and manners will more surely overthrow the liberties of America than the whole force of the common enemy. While the people are virtuous they cannot be subdued; but when once they lose their virtue then will be ready to surrender their liberties to the first external or internal invader. - Samuel Adams, letter to James Warren, February 12, 1779
Get your facts first, then you can distort them as you please. - Mark TwainIt ain't what you don't know that gets you into trouble. It's what you know for sure that just ain't so. - Mark TwainAll you need in this life is ignorance and confidence, and then success is sure. - Mark TwainAlways do right, this will gratify some and astonish the rest. - Mark TwainA banker is a fellow who lends you his umbrella when the sun is shining and wants it back the minute it begins to rain. - Mark TwainDon't go around saying the world owes you a living. The world owes you nothing. It was here first. - Mark Twain
Fear leads to anger. Anger leads to hate. Hate leads to suffering. - Yoda
Congress should get rid of the capital gains tax!
America is the wealthest country in the world, yet we are also the worst at saving money. What incentive do we have to save? Any interest we earn is taxed. Any income as a result of wise investments is taxed. Why would we want to save, knowing that we are just going to have to give a percentage of it to the government?
Another ironic twist to this is that if you make bad investments, you get to claim it as a deduction on your tax returns!
So let me get this straight, we are punished for smart decisions by paying taxes on capital gains and we are rewarded for bad decisions by claiming it as a deduction on our tax returns?
Of Interest To Lost Shaker
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The Democrats have never met a tax they didn't like, and now that the White House and both houses of Congress are under their firm control we can look for even more of them I'm afraid.
ReplyDeleteThe government cannot tax its way out of a recession. The government cannot spend its way out of a recession (with our money). The perfect model was Reagan's tax cuts. After they were enacted, tax revenues INCREASED by a huge margin. Why? Businesses had more of an incentive to expand and grow the economy, which in turn grew the tax base.
It seems that the Democrats will never learn the "Wal-Mart" lesson: It's far more profitable to have everyone paying a little than to have a few paying a lot.
Rick Rouse