Just Tax the out of them
On DAILY KOS today we have an article written by Mark Summer called "Terminators." It is an interesting read but scroll down to the end and you read:
"In a period that may be surprisingly short, all of what we consider traditional "service" work may tumble down into the single digit land of agriculture. 80% of us will be doing... something else.
Whatever that something is, just remember: don't kill the mill owners. That won't help anybody. Just tax the (censored) out of them."
The Gist of the article is much like reading ALSTRY about the next new AGE being the DIGITAL AGE and much of what employs us today is going away tomorrow.
But that is just the cause of the advancement of invention and technological achievements. That has nothing to do with tax policy causing the next new age to occur.
Nothing in Mark's article has anything to do with the cause/effect of tax policy. So why he launches into "Just Tax the out of them" is beyond me.
We could do that.... In fact let's try that... Let's raise taxes sky high on Business Owners... Mark calls them "MILL OWNERS" to imply that I guess he wants tax hikes especially raised on businesses he thinks are going to be obsolete in the future. At least that is what I get from that.
So.... What does that mean?
Let's raise taxes on (RIMM) because (APPL) and (GOOG) are making RIMM Obsolete.
Let's raise taxes on (BBI) Blockbuster since NETFLIX & RED BOX has made that company obsolete awhile ago.
Let's raise taxes sky high on (WEN) since (THI) and (MCD) and (SBUX) are making that company obsolete.
Let's raise taxes on BORDERS and BARNES & NOBLE since the E-BOOK readers are making that business obsolete...
Let's raise taxes sky high on (HOTT) since selling music CDs is getting obsolete by iTUNES and ZUNE.
Let's Raise taxes so all of these companies can just go away.... fall under bankruptcy.....
We don't need any of these companies cause Mark Summer says so.... Mark wants to bring on the new DIGITAL AGE as quickly as possible and the best way to do that is to destroy the businesses he deems as "MILL OWNERS" .... I.E. Obsolete!
So..... In your portfolio.... Given that the Bush Tax Cuts will expire and the Mark Summers of the world are marching around with Pitchforks ready to burn C.E.O.s in Effigy (Don't you just love the Liberal Ideology...FUN !?).... You might want to check to see if you are invested in the DIGITAL AGE........ Or if your portfolio is chock full of MILL OWNERS.
MILL OWNER possible example stocks for MARK SUMMER to Destroy with TAXATION
1) NINTENDO - Obsoleted by..... MSFT and SONY which are jumping on board the Motion Detection bandwagon with superior technology... MSFT promises full body interaction with games.
2) SNDK - Obsoleted by whomever owns 3PAR..... DELL or HP would make monstrous competitors to Sandisk's storage capacity business..... 3PAR is built on using CLOUD Computing power to store data which is expected to obsolete hardware storage like external harddrives or jump drives or etc.
3) Chrysler - Fiat - Let's face it.. Chrysler is a loss making business without FLEET Sales....GM and FORD are cleaning up the market share.
4) FIZZ - Obsoleted by (KO) and (PEP) and (DPS) and (HANS) owning the top brands in every category of non-alcoholic beverages. With KO and PEP now owning their North American bottlers, what will happen to FIZZ's business?
5) APOG - Obsoleted by....(don't laugh)..... SOUTHWALL TECHNOLOGIES? (SWTX) .... Producing Glass / Window products that are selling like hot cakes as they are designed to limit the heat that enters a room so you cut down on air conditioning expenses.
See isn't this fun?
Let's all VOW today to be Liberals and to support Daily Kos from this point forward so we can ensure the destruction through taxation of 80% of our economy that we feel is made up of EVIL, ROTTEN, WHO CARES..... "Mill Owners" whose businesses are going to go way anyhow....so may as well speed them along to their demise right?
Mark further sates,
"It may be that we must surrender or reform some of our most cherish ideals to fit a new age"
hmm... Right.... Sounds like a plan... Let's totally abandon our ideals....So as to further along the destruction of the American economy through sky high taxation.
"Taxation. While goverments have been miserable at halting technological advance (and we really shouldn't hope they get better), one thing they can do is implement tax policies that try to smash the massive surge in disparity that's generated by increasing productivity. The United States did this successfully at the height of the industrial period, putting in tax rates up to 90%. "
Bravo! Bravo! Mark is exactly right!!!!!! Yippe!!!! Disregard that high taxation existed during the Great Depression which more than likely kept the depression going for as long as it did.
Never mind that America was in a Nasty Recession in the mid 1960s.... And we did not get out of it until John F. Kennedy lowered the Top Marginal Tax Rate to 70%.
We got into another nasty recession in the 1970s..... And did not get out of that one until Top Marginal Rates were drastiaclly lowered under Ronald Reagon...
Look at the GREAT DEPRESSION chart in Wikipedia:
"The top marginal tax rate was reduced to 58% in 1922, to 25% in 1925 (Calvin Coolidge), and finally to 24% in 1929. In 1932 the top marginal tax rate was increased to 63% (Herbert Hoover) during the GREAT DEPRESSION"
Wow!!!! What a fantastic analysis from MARK SUMMERS..... Boy is he dead on correct folks? It wasn't until Tax Rates sky rocketed to 63% that the Great Depression went from a Recession to a Depression.
Contrary to popular belief... The Great Depression did not instantly become Depression. It was a recession that got bigger and bigger as Herbert Hoover grew the size of Federal Government, Increased Regulations and eventually Sky Rocketed the Income Tax.... but don't forget Smoot Hawley Tarrif.... A lot of Governmental Overreach occured before we ever had a Great Depression emerge from a Recessionary period.... (Kinda sounds like today doesn't it?)
I mean... Isn't Mark Summers an absolute genius or am I just being stupid here?