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Chris Christie just gave up.

There is no logical answer to confront Warren Buffett’s argument, that the wealthy must pay more taxes.

They have too.

Logic decrees it.
Common Sense demands it.
Intelligence offers no other alternative.
It’s just in the numbers… There is no other way…..

THE WEALTHY MUST PAY MORE IN TAXES…..

So, what tactic does Christie use to surrender?

Does he use a diplomatic approach?
A conciliatory approach?
Just a natural, good, guy who’s made a landmark decision approach?

No, of course not…. (he’s a Republican, you know….)

Christie made it known that he’s just about had it with Buffett, the world-famous investor who lent his name to a proposed tax hike on the rich.

“He should just write a check and shut up,” Christie said. “I’m tired of hearing about it. If he wants to give the government more money, he’s got the ability to write a check — go ahead and write it.”

“HE SHOULD JUST SHUT UP”, says Christie…..

TRANSLATED: He is proposing an alternative way of thinking that makes more sense than my way of thinking and since I (master of the universe) don’t like it…. he should just shut up…. lol.

Gotta love Republicans… just when you think they can’t get any dumber… they totally surprise you….

We all know… the only time that line ever gets used,… is when we are wrong… When our spouse uses it on us… it’s because they know we are right. When our boss uses it on us…. it’s because they know we are right. When we use it on our own children…. it is because we have no other alternative to use to combat their infallible logic and awesome perception of how the universe unfolds. WE know they have beaten us, and so we yell…” i wish you would just shut up…” and all our syncophants following our power trail, all echo… “yes you should just shut up.. you should…”

Christie will have to succumb… He can’t run and ignore it any more..

Taxing the wealthy a whole lot is the best thing that could EVER happen to America in our lifetimes… Every deserving persons pockets would overflow with cash…..

Ha, ha… And Christie KNOWS it…

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It is a simple vote…

Should we or should we not put this man in an administrative function.

Please vote yes…. or no…..

(It should be open cut because a majority have already said they would support Cordray as head of the Consumer Financial Agency.) Just get it done…

But, it never goes to vote. In a motion to stop debate requiring 60 votes, 53 are found….

There is nothing more to debate. Vote yes or no… The argument has been on the table for months… But no… it cannot go forward because the Republican Party (all of it) had 45 members who voted against it…

The agency still has no one at the top to get it rolling. There is no one regulating Wall Street as we speak, simply because the entire block of Republicans, who voters put into minority receivership based on their previous track record, voted NOT to stop debate.

There will be no government until there are no Republicans.
There will be no Congress, until there are no Republicans.
There will be no Democracy. until there are no Republicans.
There will be no United States of America, until there are no Republicans.

(Sad thing this is not hyperbole. This is not campaign rhetoric. This is not hateful bantering. This is what is really happening. Makes a veteran want to cry)


Right click to open full image… Pictograph Courtesy of Viral..

So, can someone tell me again, why we shouldn’t tax the rich, and instead, balance the budget on the backs of everyone else?…….

I seem to be missing that little detail where that all makes sense……

At the Fox Republican Debate, each and every Republican Presidental candidate, stood up on stage and said they would veto any legislation that had a 10:1 ratio of tax cuts to new revenue.

Which means for them, there has to a 11:1 ratio at least….

Who are they trying to cater to, billionaires?

Well, not this one. Here’s his thoughts…..

“I know well many of the mega-rich and, by and large, they are very decent people. They love America and appreciate the opportunity this country has given them. Many have joined the Giving Pledge, promising to give most of their wealth to philanthropy. Most wouldn’t mind being told to pay more in taxes as well, particularly when so many of their fellow citizens are truly suffering.”

“I would leave rates for 99.7 percent of taxpayers unchanged and continue the current 2-percentage-point reduction in the employee contribution to the payroll tax. This cut helps the poor and the middle class, who need every break they can get.”

But for those making more than $1 million — there were 236,883 such households in 2009 — I would raise rates immediately on taxable income in excess of $1 million, including, of course, dividends and capital gains. And for those who make $10 million or more — there were 8,274 in 2009 — I would suggest an additional increase in rate.

“Back in the 1980s and 1990s, tax rates for the rich were far higher, According to a theory I sometimes hear (Yes, you Duffy), I should have thrown a fit and refused to invest because of the elevated tax rates on capital gains and dividends.

“I didn’t refuse, nor did others. I have worked with investors for 60 years and I have yet to see anyone — not even when capital gains rates were 39.9 percent in 1976-77 — shy away from a sensible investment because of the tax rate on the potential gain. People invest to make money, and potential taxes have never scared them off. And to those who argue that higher rates hurt job creation, I would note that a net of nearly 40 million jobs were added between 1980 and 2000. You know what’s happened since then: lower tax rates and far lower job creation.”

Take that McConnell and Eric Cantor!

The kavipsian economic/tax theory has gone main stream.