Quantcast More From Grover
Search by tag or site Login to my blog ? Start my own blog














TheMoneyBlogs
Home
About
Create your own blog
Contact us
Vote for this blog!

Poor and Stupid

How big government, big business, big media and big academia block your road to financial freedom- and tell you it's for your own good.

More From Grover

Posted on 09/12/2007 07:09:25 | Link | Post Comment
Vilified by Jonathan Chait (who is not a trained economist) as a "James Bond villain," Grover Norquist of Americans for Tax Reform here comes back with an eloquent -- and, indeed, moving -- political and moral case for tax-cutting. I have to admire Grover, and acknowledge that what has made him a success in politics and persuasion, is that he keeps his moral center despite the enormous temptation to get into the muck and mire with a scumbag like Chait (who is not a trained economist); I on the other hand, can't resist calling a scumbag a scumbag.
Asked if they would be willing to pay their share of the $340 billion deficit--or $2470 per individual tax return, only nine percent said yes; 79 percent said no and 12 percent were unsure.

Of those 9 percent willing to pay, fully 63 percent of those said if Congress got the additional cash they would "mostly increase spending and not pay off the deficit." Only 17 percent believed Congress would use the money to fully pay down the deficit.

And the constituency for higher taxes is not there (and, yes, letting the Bush tax reductions lapse would raise taxes). Between 1996 and 2006 the percentage of Americans who believe their taxes are already too high has fluctuated between 50 and 66 percent. Your target audience that sees their taxes as too low has jumped from one to three percent and back to one percent most recently. Unless you are planning to seize power by grabbing the radio stations and airports and the railway stations in the capital, I think you need more than one percent popular support.

Or maybe hate and envy can come into play. Tax the rich to pay for everything. Asked in 2006 what the maximum percentage of a person's income is that should go to all taxes--federal, state and local ... one percent said 50-59%, one percent said 40-49%, six percent said 30-39%, 22 percent said 20-29%, 43 percent said 10-19%, 24 percent said 1-9 %, and the guys I really want to meet, those suggesting that "zero" was the right amount came in at one percent. The mean percentage Americans feel should be paid is 15%. That, by the way, is my stated goal--reducing the cost of government to half its present percentage of the economy. I am willing to go to the people with the argument that free people should pay less than European serfs in the Middle Ages. Eight percent of the country supports the present tax burden for higher-income taxpayers.

And envy fails again when the American people, fewer than five percent of whom will pay the death tax, are asked if the "estate tax" should be completely eliminated, as they were in 2006 and 2005--68 said percent yes. Only 19 and 17 percent were opposed in those years.

We want freedom. The left cries for envy and leveling. ...we are a movement dedicated to liberty... We worked with and for Reagan because he shared our goal of liberty and limited government. Not the other way around. He was not a great communicator. He communicated great things: liberty and its partner, limited government.

Update... If Chait (who is not a trained economist) were a James Bond villain, I think he'd be this one:

Stock Quote or
Examples
ATM Wallstreet - Mon Oct 06, 2008 03:39PM
Made several great trades today. Traded the QID, QQ [read more]
ATM Wallstreet - Tue Oct 07, 2008 10:07PM
Today we have the Fed speaking and release of Fed mi [read more]
Morpheus Trading - Tue Oct 07, 2008 08:33AM
NOTE: Please click on the charts below to enlarge them [read more]

PREMIER SPONSORED LINKS

Most Visited Blogs | Most Popular Blogs | Most Recent Blogs | Contact Us | Terms and conditions | Privacy Policy

The columns, articles, message board posts and any other features provided on TheMoneyBlogs.com are provided for personal finance, education and investment information and are not to be construed as investment advice. Under no circumstances does the information in this content represent a recommendation to buy, sell or hold any security. The views and opinions expressed in an article or column are the author's own and not necessarily those of TheMoneyBlogs.com and there is no implied endorsement by TheMoneyBlogs.com of any advice or trading strategy. The analysts and employees or affiliates of TheMoneyBlogs.com may hold positions in the stocks or industries discussed here. Your use of this and all information contained on TheMoneyBlogs.com is governed by the Terms and Conditions of Use. Please click the link to view those terms. Follow this link to read our Editorial Policy.

Copyright © 2008 The Connors Group, Inc.