Reflections From a Murky Pond

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

This entry was posted on Sunday, October 5th, 2025 at 10:12 am and is filed under Politics, Society. You can skip to the end and leave a response. Pinging is currently not allowed.

Bad policies matter, something that Democrats, the primary source of policies which are untenably bad for those who actively contribute to and grow the economy, don’t seem to be able to learn this. Or, since those who can be described as the Makers aren’t normally their constituencies, they don’t care. That’s why a lot of these Makers are voting with their feet.

Now, nationally it’s still a small thing, but one that has increased dramatically. Only about 2.5% of the current US population has emigrated. But that’s a little over double what it was 20 years ago. The numbers of wealth generators, i.e., actual taxpayers, who have internally migrated is far more stunning, and that’s what is actually important.

Which States Are Winning And Loosing
(Click Either Image Below To Enlarge)

As you can see, people with wealth are leaving Blue States in very expensive droves. Well, expensive to the Leftist governments of those Democrat safezones. Loosing over $55 billion in residents’ Annual Gross Income is no small or easily coped with thing for state governments. And the numbers shown are just personal monies. It doesn’t include all the businesses moving out of Democrat-controlled zone.

And, while this is going to have very large impact on politics, the economic impact and the follow-on effects thereof are going to be more important as we move into the not too distant future. It is not unwarranted to posit that many of the Left-wing areas will go the way of Detroit, which is still on track for effective abandonment, not being able to sustain its infrastructure without the tax monies of those who fled mismanagement and a government antagonistic towards those who generate actual wealth.

Yeah, millions of Americans are voting with their feet. And, their voting against Democrats’ bad ideas and punitive policies.

Tags: America | Blue States | Democrats | Economic Collapse | Economics | Economy | Emigration | Exodus | Immigration | Liberals | Politics | Progressives | Red States | Society | Taxation | Taxes | Taxpayers | White Flight

This entry was posted on Sunday, September 4th, 2022 at 7:00 am and is filed under Politics, Society. You can skip to the end and leave a response. Pinging is currently not allowed.

Despite the GOP’s scaremongering – it is election season, after all – the provisions with the Dems’ Orwellianly named Inflation Reduction Act to grant the IRS nearly $80 billion in new funding in order to, among other things, hire 87,000 new employees, won’t dramatically effect anyone in the next few years. Many of these “new hires” will simply be replacements for the current staff, approximately half of whom are at or approaching retirement age.

But, there’s no more truth or accuracy in the Dems’ claims that the middle-class and small businesses won’t experience greater scrutiny and/or audits. When the stated goal of increasing the IRS’ budget is to increase collections by $204 billion, you can be sure that the IRS is going to target anyone and everyone that they can. You can also be sure that the “Billionaires” and “Megacorporations,” most or all of whom have more and better tax attorneys than the IRS ever will, won’t be the IRS’ primary targets or the major sources of that $204 billion in extra tax collections.

Understand that approximately 50% of the largest corporations in America are already audited each year. Admittedly though, this is down from 100% of them during the Obama Regime. And yet, the Dems want to increase tax collection by $204 billion.

The largest corporations in the United States with over $20 billion of assets have had their rate of audits go from nearly 100% to 50%. Among wealthy individuals who had a positive income of a million dollars or more, the audit rate fell from 8.4% in 2010 to 2.4% in 2019.

— Janet Holtzblatt
Senior Fellow, Urban-Brookings Tax Policy Center

But, simply put and much to the chagrin of Dems and their IRS, 38% of those audits fail to find any way to take more of these people’s and corporations’ money than they had agreed to pay.

No; their dog isn’t going to bite the “rich.” He will bite other people instead.

So, that fairly massive increase in tax collections is going to have to come from somewhere and somebody else. And it’s not going to be just the 1% either, since returning to Obama era audit rates for all individuals making over $400,000 would generate only 28%, or $9.9 billion of that expected $204 billion. And, even if the IRS increased audit rates 30x for taxpayers making over $400,000 and to a 100% audit rate upon taxpayers with incomes over $10 million, this would only raise to approximately $28 billion of it.

No, the IRS has a long and ongoing to this very day history of targeting the poor’s – those with $25K or less in income – tax returns for audits at a rate of 5x that of all other groups combined. I would expect that this rate would normalize somewhat… because the rates of audits will dramatically increase for those making between $26K – $200k per year and for most small-to-mid sized businesses, bringing them closer to what the poor suffer from.

It’s simple math and pragmatism. The IRS wants or needs to show increased collection and the poor and the middle-class through the 2%’ers are the ones without the resources to combat the IRS. And, there’s 100s of millions more of us. Of course we’re the ones who will be targeted by the IRS the most overall.

So yeah, the Democrats’ junkyard dog, the IRS won’t bite many now. But, it will most likely do so in 2026 and 2027 if it isn’t put down before then.

Tags: Democrats | Economics | IRS | Lies | Politics | Taxes | Theft

This entry was posted on Monday, August 29th, 2022 at 5:00 am and is filed under Politics. You can skip to the end and leave a response. Pinging is currently not allowed.

Honestly, this is one of the truest statements and memes ever made. It is also one that every single one of Americans’ domestic and racial enemies will deride. Any time anything in the government tries to tell an American that they’re taxing that the government can spend their money better and/or more efficiently than that American can is not just a their, but a liar as well.

But there’s two things to remember about this:

The first is that the government almost never tries to efficient in their spending. Their goal is to continue to need tax monies and to have work to do so as to keep their jobs. Any sort of efficient use of Americans’ tax money is literally contraindicated but it would result in projects being finished, goals being achieved, and, hence, the government agencies or departments within those agencies being reduced or eliminated.

The second is that our domestic enemies are very much not interested in efficiency. They need ongoing, unresolved issues to feed their need for “progress.” They also aren’t really interested in positives outcomes for their projects and “protected” trait-bearers. They are far, far, far more focused on tearing Americans down – reducing our privilege – than raising their people up.

Tags: America | Deep State | Democrats | Government | Liberals | Lies | Politics | Progressives | Taxes | Theft

This entry was posted on Saturday, July 23rd, 2022 at 5:00 am and is filed under Politics. You can skip to the end and leave a response. Pinging is currently not allowed.

The most needed speed chart anyone who actually earns money and/or creates wealth will ever see, especially while we’re so self-destructive and stupid as to allow Democrats any say in how our country runs and funds that running. Nothing is faster than they are in taking our money.

And yes, they can even break lightspeed and the barriers of time to take our money. They regularly, when they cannot manage to strip us of our made wealth, simply take it from our children and our children’s children.

Tags: America | Democrats | Eaters | Humor | Politics | Sarcasm | Takers | Taxes

This entry was posted on Tuesday, June 14th, 2022 at 8:57 am and is filed under Humor, Politics. You can skip to the end and leave a response. Pinging is currently not allowed.