Sep
28
2015

#Election2016: #EatTheRich And Defining #TrumpCare Before They Do

If there is ever a chance for conservatives to defeat ‘The Don’ and send him away forever, here it is. ‘The Don’ just outted himself as a “big government” progressive Republican. On his newest populist nonsense pitch, ‘The Don’ wants to eat the rich:

Scott Pelley: Who are you going to raise taxes on?

Donald Trump: If you look at actually raise, some very wealthy are going to be raised. Some people that are getting unfair deductions are going to be raised. But overall it’s going to be a tremendous incentive to grow the economy and we’re going to take in the same or more money. And I think we’re going to have something that’s going to be spectacular.

Scott Pelley: But Republicans don’t raise taxes.

Donald Trump: Well, we’re not raising taxes.

To paraphrase Megan McArdle: An AADHD day trader with a cocaine habit has considerably more consistency than ‘The Don’ here. The man likely doesn’t have “consistency” in his personal vocabulary.

This is nonsense on sticks. ‘The Don’ wants to lower taxes on the middle class and then instead of offering a spending cut to go along with that, he wants to raise taxes on the rich. Basically he wants to “Eat The Rich” to push a tax cut on the middle class. That is populism and you know how much I hate populism.

Bill Whittle made a video on how bad of it of an idea “Eat The Rich” was and still is:

Amity Shlaes wrote in Bloomberg in 2013 about effective rates:

Official rates matter, but so do effective rates, the percent of income that people actually pay in tax. The Internal Revenue Service reckoned that the effective rate of tax in 1954 for top earners was actually 70 percent.

Or lower. Marc Linder, a law professor at the University of Iowa, has shown that a more comprehensive interpretation of income that includes capital gains suggests the real effective tax rate for millionaires was 49 percent in 1953. The effective rate dropped throughout the decade, reaching 31 percent by 1960. That 31 percent is just slightly higher than the 29 percent level a Congressional Budget Office report figures the average effective tax for the top quintile will be in 2014. And that number for 2014 doesn’t include taxes in Obama’s health-care law.

A second fantasy about the 1950s is that government soaked the rich. Joseph Thorndike and Martin Sullivan in Tax Notes magazine took a look at the tax distribution of the decade. They found that those earning more than $100,000 paid less than 5 percent of the taxes collected in the U.S., a far smaller share than the wealthiest shoulder today.

We really don’t have to tax the rich more or less. What we need to do is get out of big and small business’s way to create jobs. Deregulation is the key, not higher or even lower government!

Oh yeah, almost forgot. Speaking of ObamaCare, ‘The Don’ wants to relabel ObamaCare and wants to start his own TrumpCare. I am not joking. Here is Gabriel Malor ripping TrumpCare apart:

According to Trump, uninsured people are going to get coverage because he’s going to “make a deal with existing hospitals” and “the government’s gonna pay for it.” There’s a word for this exact proposal: Medicaid. Trump probably doesn’t know this, but Medicaid expansion was a huge part of ObamaCare. The “deal with existing hospitals” is so unfavorable for doctors and hospitals that many of them do not accept Medicaid patients because it would put them out of business. Does Trump know this? Meh, he doesn’t care.

But that’s just the uninsured. Trump goes on to say that “for the most part,” his plan will be “a private plan and people are going to be able to go out and negotiate great plans with lots of different competition.” If this idea also sounds strangely familiar, it is because this too is already part of our healthcare framework. Trump described the ObamaCare exchanges just like Obama did, as increasing competition in the private insurance markets by providing lots of options.

So TrumpCare is just ObamaCare rebranded. We must now define TrumpCare before he or his batshit crazy supporters (ie: Ann Coulter and Breitbart.com) define it. It is everything we have been fighting against. It is big government and it is a further intrusion.

Well, see ya’ later!

Mood: Irritate
Music: “Body Hammer” by Fear Factory
Book: “REPEAL ObamaCare” by Jody Long

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