Mikko Rantalainen on A Monument To Gen Z: “The official name of this artwork is “Journey of Self Discovery” but I agree that “Monument to the new generation”…” Jul 2, 07:45
The Unjoyful Joy
Fairly recently during an interview with BET, Joy Reid warned her Black viewers with a surfeit of anger, horror, and outrage that “people on the right” – that’d be true-born and rightly-raised Americans – want to “go back” to when there was no income tax and no regulations upon business, to when Americans could earn as much many as we wanted and leave 100% to a children. Oh yeah! And we’re racist and White Supremacists for wanting that… or we want that because we’re racist and White Supremacists.
And, of course, she added in the Democrat shibboleth of President Trump and we, his 70+ million supporters, being Fascists. That’s, however, almost not noteworthy since Dems seem to be required by their dogma to call us Nazis and/or Fascists during every screed.
All that being said, she’s not entirely wrong. Most Americans would love to eliminate or greatly reduce federal income taxes. Many of us would similarly love to eliminate or reduce state income taxes. And, all of us who have children would absolutely love the total elimination of Inheritance Taxes so that we could, in fact, leave 100% of our wealth to our descendants.
Also, a majority of us realize that the elimination or significant reduction in income tax won’t eliminate our tax burdens as much as many – apparently, including Reid – might think. In all probability, income tax would be partially replaced by specific levies for specific purposes, e.g., roads, public services, and actual national defense. But, since such levies would need to be voted for, we would have a bit more say in how our tax monies were spent… like we used to before 1933.
Reid’s a bit off with her accusation that we want to return to the time when there were no restrictions on business. What most of us would love is a reduction in many business regulations, especially in all manufacturing sectors, a sanity check for those regulations, and the elimination of punitive regulations meant to stifle certain industries. Americans also want to end Regulatory Capture, which is partially responsible for the inconsistent and twisted set of regulations that our businesses are burdened with today.
In point of fact – yeah, not something that sits well with things like Reid – a majority of “people on the right” want more, stricter, and stronger regulations on the banking and finance industry, especially the Derivatives Market. The insanity that is the new Rent-Backed Securities (RBS) is something that we who understand such things even a little hate at least as much as the Democrats do.
So, for the most part, Reid is right. Americans want to return to a time when we weren’t taxed and regulated into economic mediocrity, and absolutely want to be able to leave all of our wealth to our children if we choose to do so, instead of the government seizing a portion of it when we die.
The fact that Reid felt the need to state this as a dire warning couched in racism and White Supremacy says a great deal more about her, her audience, and the Blacks than it does the American people.
Tags: #MAGA | America | Blacks | Democrats | Economics | Economy | Grifters | Joy Reid | Politics | Race Baiting | Regulations | Society | Taxes
