From the most recent issue of Accounting Today that arrived in today's snail mail.
The Meaning of Life - This Time of Year
Servants to Slaves
Does anyone else long for the time when our elected officials were considered servants of the people, working for the public's best interest? What we have obviously evolved into is the opposite situation. The elected elite have become unaccountable royalty and we are their slaves in more and more ways every day.
Next best thing?
Tax the Rich? How's That Working? – Idiotic politicians always assume that they can just continue to financially rape the people with the money and they will just stand still and allow it to happen. While that worked for Roman Polanski, who was able to prevent his 13 year old victim from leaving by drugging her up, more and more wealthy people are taking actions to stop it, such as leaving the high tax states. How hard is it for the mental midgets in power to understand the concept that five percent of billions of dollars will result in a lot more revenue than ten percent of nothing?
Mrs. Pelosi's VAT. The Speaker floats a middle-class tax hike. – It looks like we may have missed our opportunity to enact something like the FairTax national sales tax to replace the current income and payroll taxes. Our rulers in DC want to have it in addition to all of the taxes we currently have and the hundreds of new ones the insatiable spendaholics in DC are cooking up. The analogy of Queen Nancy’s vat as a witch’s cauldron of poison does seem to fit on several levels.
You can't trust government financial predictions...
How many people would willingly invest everything they own with someone who has a lengthy track record of being 100% wrong on every single prediction? Any sane investor would stay miles away from anyone with such a history. However, that’s the case with anyone who believes a single financial fact touted by our rulers in DC.
Job losses, early retirements hurt Social Security – This is just one more reminder that, whenever our rulers in DC predict the costs and finances of a government program, they are off by huge magnitudes. The naive way to look at this fact would be to assume that they just made honest miscalculations. The more realistic assessment is that they lied through their teeth in order to sell the programs, knowing full well that nothing could be done to them when the truth became clear.
That is exactly what we are facing today. Every single one of the cost figures being used in the current fight to socialize health care is being intentionally understated so as to con gullible people into accepting it. By the time the truth emerges that the actual costs are hundreds of times more than promised, just as with Social Security and Medicare, the politicians responsible for selling the programs will be long gone and the people too dependent on it to ever go back.
Family and friends of tax pros have long known that there are five seasons per year.
Rank has its privileges...
One of the accepted benefits of being in charge of the Ways & Means Committee is not having to worry about complying with any of the tax and financial disclosure laws that other less worthy people have to bother themselves with.
However, as we all know, this special perk of the job is null and void if it is ever held by a member of the GOP.
Pretending a Tax Isn't
Classic trick by politicians; to label a tax increase as something else (fee, service charge, license, insurance) so they can pretend to not be a tax hiker. Bottom line is the exact same as a tax; so for those of us living in the real world, things are getting more expenseive.
That wasn’t anything new. What was new was the fact that former Clinton operative, George “Steffy” Stephanopoulos actually had the cojones to disagree with 0Bambi on this issue. He is obviously a racist.