#EatTheRich Alert: @matthewwalther Has Lost His Damn Mind

He doesn’t want to defund Plan Parenthood. He doesn’t want to reform Social Security, Medicaid/Medicare, or any other entitlements. When asked about the debt, he started talking China trade (lolwut?) for reasons.

Now he wants to …Increase Taxes?

But this election cycle, the Republican presidential candidate who currently leads in most polls is taking a different approach, and it is jangling the nerves of some of the party’s most traditional supporters. …

In recent weeks, Mr. Trump has threatened to impose tariffs on American companies that put their factories in other countries. He has suggested he would increase taxes on the compensation of hedge fund managers. And he has vowed to change laws that allow American companies to benefit from cheaper tax rates by using mergers to base their operations outside the United States. …

“All of those are anti-growth policies,” said David McIntosh, the president of the Club for Growth, a group that Republican candidates routinely court. “Yes he’s a businessman, but if those are the policies he implements, they’ll drive the economy into the ground and we’ll see huge drops in G.D.P., and frankly I think it would lead to massive loss of jobs.” …

Mr. Trump’s ideas are not new. The Obama Treasury Department supports a detailed overhaul of the corporate tax code that involves taxing hedge fund and private equity compensation as ordinary income and sweeping changes to the way American corporations are taxed overseas.

Well, there you have it. The Troll wants to start Obama’s third term and he’s leading in the GOP polls. Fantastic.

Matthew Walther over at the Washington Free Beacon, doesn’t have a problem with The Troll’s liberal populism. He wrote an article “10 Things That Make Me Okay With Donald Trump’s Plan to Soak the Rich” that will leave you feeling dirty inside:

A lot of people are upset with Donald Trump because he doesn’t believe that lower taxes are the be-all end-all of human flourishing. What he seems to think instead is that upper middle-class white liberals can probably afford to pay just a wee bit more every April.

The Troll said no such thing. I want video proof that he said “upper middle-class white liberals” should pay more.

But okay. Maybe Matthew here is thinking of “10 Things” liberals should be paying for that government is doing-

I agree that they have too much extra cash on their hands. … Some appetites are intrinsically disordered, and it is the proper role of the state to rein them in.

…I …WHAT?!

That’s right. Matthew Walther wants to eat the rich, because he doesn’t like what they buy with their OWN MONEY!

Let that sink in. Matthew’s “10 Things” has nothing to do with government. It has nothing to do with monetary or economic policy. Matthew is, however, envious. He thinks the rich are spending their own money on dumb stuff (which they have every right to do so) and wants to take it from them using the power of the state. What Matthew wants here is tyranny, not sound monetary or economic policy.

Matthew Walther has lost his damn mind (if he ever was conservative/libertarian to begin with). The Free Beacon has lost their damn mind for publishing this nonsense. And the GOP has lost their damn mind if the choose The Troll as their nominee.

Well, see ya’ later!

Written by BigGator5 in: Politics | Tags: , , , ,

#Harvard And #Dartmouth Sound The #SocialSecurity Alarm

Better late than never. Welcome to the party pal* (via Hot Air):

New studies from Harvard and Dartmouth researchers find that the SSA’s actuarial forecasts have been consistently overstating the financial health of the program’s trust funds since 2000.

“These biases are getting bigger and they are substantial,” said Gary King, co-author of the studies and director of Harvard’s Institute for Quantitative Social Science. “[Social Security] is going to be insolvent before everyone thinks.” …

Researchers examined forecasts published in the annual trustees’ reports from 1978, when the reports began to consistently disclose projected financial indicators, until 2013. Then, they compared the forecasts the agency made on such variables as mortality and labor force participation rates to the actual observed data. Forecasts from trustees reports from 1978 to 2000 were roughly unbiased, researchers found. In that time, the administration made overestimates and underestimates, but the forecast errors appeared to be random in their direction.

“After 2000, forecast errors became increasingly biased, and in the same direction. Trustees Reports after 2000 all overestimated the assets in the program and overestimated solvency of the Trust Funds,” wrote the researchers, who include Dartmouth professor Samir Soneji and Harvard doctoral candidate Konstantin Kashin.

There are two schools of thought here on Social Security reform: “Means Testing” and “Partial Privatization”

“Means Testing” will just turn Social Security into a welfare program. Politicians on both sides will pander to the poor and turn out more populism. They will claim to want to raise the ‘Social Security Tax’ on the rich and businesses so that you can get a bigger piece of the Social Security, because it will be “fair” or something.

Privatization or “Partial Privatization” would keep politician’s dirty hands off your money. Right now, that money is being used a slush fund and some don’t want lose it. Putting YOUR money in private accounts will put you in control. Some think you shouldn’t have any control over your lives, but I disagree. It has also worked so well in Chile, why can’t it work well here?

I am sure the left-wing pundit class is already writing up how Harvard and Dartmouth are a bunch of “right-wing hacks” or something. “Hacks” is a maybe, a good case can be made on that point. However Harvard and Dartmouth are not “Right-Wing” of any sort. If both these schools say that there is a problem with Social Security, we all need to sit up and listen. The progressive “reality-based community” needs to wake up to the facts of the present and future, instead of living completely in the past.

Well, see ya’ later!

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