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Archive for May 13, 2011

LOL: May 13, 2011

May 13, 2011 8 comments

I am making this one sticky for a day or so because Google is sending me a lot of queries about ‘Callista Gingrich Hair’.

A Friday the 13th themed post.

Who is scarier?

Callista Gingrich

Callista Louise Gingrich, née Bisek (born March 4, 1966) is the President of Gingrich Productions, a performance and production company focused on audio, video, and photographic production. She is married to former Speaker of the United States House of Representatives Newt Gingrich.

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Categories: Current Affairs

Why Reducing Taxes On The “Rich” Does Not Create Jobs

May 13, 2011 14 comments

Ever wonder why “trickle down” eCONomics does not work? While the idea of letting ‘deserving rich’ keep more of their ‘hard earned money’ so that they will reinvest it to create more jobs sounds plausible, our experience in the last 30 years suggests otherwise.

Lowering taxes on the rich is linked to job loss, not gain.

But why is that so? Why would the ‘deserving rich’ not reinvest money to create more jobs?

Let me enumerate the reasons-

1. Since the ‘deserving rich’ are scam artist sociopaths with a single-minded focus on making more money, they tend to choose the quickest way to do so.

For the last 30 years, the quickest way to make more money has been through financial shenanigans. Investment in the creating, developing and making real things simply cannot give you the returns that various financial products can. How many real life business can consistently grow over 10-20% per year?

2. We reward failure in financialism, but punish it in everything else.

Even before the bailouts of 2008-2009, the governments of western and many eastern countries rewarded failure in financialism with more money. In contrast we do not bail out or assist failed companies that make real things or provide real services. Combine this with the higher returns mentioned in the previous bullet point and you can see why investing in the real world is not worth it.

3. The ‘rich’ are zero-sum sociopathic control-freaks who interpret their luck as manifest destiny.

Having someone else make a decent amount of money causes immense pain to the ‘rich’ even if they were to benefit for the labor of said person. This is probably one of the least talked about reasons why the rich do not create jobs even if it benefits them.

They also lack to ability and willingness to support innovation, unless they have no other choice. The ‘rich’ are not welcoming of change and thus the best way to effect change is to eliminate the rich, their kids and grandkids.

4. The sheeple in many western countries are stupid enough to believe that the rich are deserving and rational.

Many morons actually believe that giving more money to the rich will make everyone prosperous. But why would an obsessive money concentrator (rich person) want to redistribute their ill-gotten money? Greedy sociopaths cannot behave like normal human beings.

I would add that a small percentage of the population (about 10%) who are upper-middle class also believe that they are on the threshold of becoming rich, and therefore act as unwitting shills, pimps and gangsters for their masters.

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