What I find to be pretty funny about this cartoon and general sentiment is that President Obama is actually trying to save Capitalism and many of you are pretty fucking ungrateful in his attempts to do so.
–noun
an economic system in which investment in and ownership of the means of production, distribution, and exchange of wealth is made and maintained chiefly by private individuals or corporations, esp. as contrasted to cooperatively or state-owned means of wealth.
Markadopia actually did explicitly define what he calls "good capitalism". It is a testament to his dishonesty that he won't 'fess up to it (y'see, pathological liars have a common affliction, to wit, they can't remember their lies, which in its usual practice means they make shit up as they go but don't remember it later). The internet has a better memory than he does, and Google is our friend.
Now, what does Obama think about taxation in the name of fairness? We don't have to guess, because he told us, in plain English:
Moderator:"But actually, Bill Clinton in 1997 signed legislation that dropped the capital gains tax to 20 percent ..."
Obama:"Right."
Moderator:"... and George Bush has taken it down to 15 percent. And in each instance, when the rate dropped, revenues from the tax increased. The government took in more money. And in the 1980's, when the tax was increased to 28 percent, the revenues went down. So why raise it at all, especially given the fact that 100 million people in this country own stock and would be affected?"
Obama:"Well, Charlie, what I've said is that I would look at raising the capital gains tax for purposes of fairness."
So, Obama's purpose in considering raising the capital gains tax RATE, i.e. so the gubmint takes a bigger bite out of the gain in each capital transaction, is not to provide more revenue to the gubmint (it's been proven that it reduces revenue) and is not to produce revenue more efficiently (it produces less revenue with greater impact on those who pay it). No, Obama's purpose is to take money from people who have it because he thinks it is not fair that they have it.
Now, what is capitalism?
capitalism n. An economic system in which the means of production and distribution are privately or corporately owned and development is proportionate to the accumulation and reinvestment of profits gained in a free market.
LabRat has it right. Obama's purpose is not the salvation of capitalism, neither in intent nor in effect, rather it is the implementation of socialism. Marky agrees with Obama, but he calls it by a pretty name, and he thinks it's good.
Well, there you have it. The ink's dry.
Note:
All avatars and any images or other media embedded in comments were hosted on the JS-Kit website and have been lost;
references to haloscan comments have been partially automatically remapped, but accuracy is not guaranteed and corrections are solicited.
If you notice any problems with this page or wish to have your home page link updated, please contact John Hardin <jhardin@impsec.org>
JS-Kit/Echo comments for article at http://smallestminority.blogspot.com/2009/06/hes-not-liberal-hes-leftist.html (8 comments)
Tentative mapping of comments to original article, corrections solicited.
The pattern-break on the "Democracy is a form of" question is what made me smile.
What language do Austrians speak? Why, laissez-faire, of course. :-)
What I find to be pretty funny about this cartoon and general sentiment is that President Obama is actually trying to save Capitalism and many of you are pretty fucking ungrateful in his attempts to do so.
Ha-ha, hilarious!
cap⋅i⋅tal⋅ism
Pronunciation [kap-i-tl-iz-uhm]
–noun
an economic system in which investment in and ownership of the means of production, distribution, and exchange of wealth is made and maintained chiefly by private individuals or corporations, esp. as contrasted to cooperatively or state-owned means of wealth.
I think that the Marky script is becoming unstable. Or peevish, at least.
Priceless.
"President Obama is actually trying to save Capitalism ..."
That would be "Good Capitalism", would it?
While you're in China (by digging a hole straight through the earth; I explained it, y'see), send us some eggrolls, willya?
Well, ladies and gents, I found it.
Markadopia actually did explicitly define what he calls "good capitalism". It is a testament to his dishonesty that he won't 'fess up to it (y'see, pathological liars have a common affliction, to wit, they can't remember their lies, which in its usual practice means they make shit up as they go but don't remember it later). The internet has a better memory than he does, and Google is our friend.
LabRat asked Marky a simple question:
"Yes, socialist, Mark. Obama is a socialist. Marxist, even. That's where taxation in the name of "fairness" comes from. What do you call it?"
Marky gave a simple, explicit answer:
"I call it good capitalism."
Now, what does Obama think about taxation in the name of fairness? We don't have to guess, because he told us, in plain English:
Moderator: "But actually, Bill Clinton in 1997 signed legislation that dropped the capital gains tax to 20 percent ..."
Obama: "Right."
Moderator: "... and George Bush has taken it down to 15 percent. And in each instance, when the rate dropped, revenues from the tax increased. The government took in more money. And in the 1980's, when the tax was increased to 28 percent, the revenues went down. So why raise it at all, especially given the fact that 100 million people in this country own stock and would be affected?"
Obama: "Well, Charlie, what I've said is that I would look at raising the capital gains tax for purposes of fairness."
So, Obama's purpose in considering raising the capital gains tax RATE, i.e. so the gubmint takes a bigger bite out of the gain in each capital transaction, is not to provide more revenue to the gubmint (it's been proven that it reduces revenue) and is not to produce revenue more efficiently (it produces less revenue with greater impact on those who pay it). No, Obama's purpose is to take money from people who have it because he thinks it is not fair that they have it.
Now, what is capitalism?
capitalism n. An economic system in which the means of production and distribution are privately or corporately owned and development is proportionate to the accumulation and reinvestment of profits gained in a free market.
LabRat has it right. Obama's purpose is not the salvation of capitalism, neither in intent nor in effect, rather it is the implementation of socialism. Marky agrees with Obama, but he calls it by a pretty name, and he thinks it's good.
Well, there you have it. The ink's dry.
Note: All avatars and any images or other media embedded in comments were hosted on the JS-Kit website and have been lost; references to haloscan comments have been partially automatically remapped, but accuracy is not guaranteed and corrections are solicited.
If you notice any problems with this page or wish to have your home page link updated, please contact John Hardin <jhardin@impsec.org>