Archive for the ‘Bella Pelosi’ Category
The estate tax in this case is 45% for estates from 3.5 million to 7 million. While you may think this is a lot of money, guess again.
Imagine a farmer that has been farming his families land all his life and it has been in the family for 100 years. When he dies, the property is part of his estate. Farms in Iowa can be 500, 1000, even 2000 acres. Even a 500 acre farm anywhere near a metro area or in an area with good soil could be worth 1.5 million easy. Now the government will want 45% of what has already been taxed, in terms of property tax, income tax and other taxes. Even someone from the suburbs of Long Island may have saved all their long life, and when they died, their home and assets could easily go into the millions, especially if they have a family owned business. Again, the government double and triple dips here, stealing from the people, and we haven’t even mentioned state estate tax.
The consequences do not end there. Ask Warren Buffett, who has made many millions by taking advantage of this. This predator has purloined many family businesses from from the estate tax because the survivors couldn’t afford to pay it and he got the businesses at a fraction of their worth by taking advantage of the tax laws and people’s situation. Now wonder he supports the estate tax.
The real deal here is the Vampiress and her cohorts are further digging a hole for themselves come 2010. While Bella is in good form because she runs from the people’s republic of California, her fellow dems will not do so well. At the very least she will lose the speakership. May be this is the silver lining of Obama getting elected: By allowing the flower of socialism to bloom, people smell the stench of the feculent flower and are now out to get the 2-4-d and be done with it. With the GOP in for 8 years, the dems always had a foil to blame for what wasn’t working. Now that we get to see the results of their corrupt and feckless philosophy in a very short time, people will finally understand, come to their senses and choose a better alternative to the status quo.
What don’t they get? The majority americans don’t want government healthcare, they don’t want the public option, yet they congress is bent on passing a bill that contains all of it? Are the Democrats that suicidal that they want to throw their jobs under the bus?
No, they don’t, as politicians will do anything to get reelected. Either they are delusional and think this is what we want, or more likely, they see it as an opportunity that will not come again. They know as time goes on, people will become more disenchanted with the democrats and Obama and this is the only chance they can do it before 2010.
This is in part a fabian socialist agenda as it is incremental socialism, and they also know that once a bill is passed, it is very difficult to take it back. Remember the great society? The gun control act of 1968? The creation of HEW? Go back to the IRS… Politicians, specifically those on the left have been practicing this incrementalism for over 90 years. Every inch they take we never get back. At this point, I hate to say it, but our only recourse is the SCOTUS. Why all these government programs haven’t been challenged before, particularly that we have had enough center right members on the bench to make headway. My only guess is that it wasn’t important to the Bush administration, which proved itself to be more socialist in some ways than the clinton administration.
At this point I am not hopeful, even if the GOP and/or 3rd party candidates unseat incumbents in 2010. It will be interesting to see how Doug Hoffman does, and the governor race in New Jersey. These will be the test to see what may come. I hope it is something better.
Thank you for reading this blog.