Friday, August 31, 2012

Thoughts on Taxes « The Burning Platform

Hmm, taxes, just as screwed up as everything else the feds have attempted, by design, except the war machine. There is where central planning excels. Everywhere else, dealing with people who are under no requirement to obey even the simplest orders, order breaks down into disorder, and here we are.

It sucks, but those supposedly in charge aren't willing to accept the consequences of their own malfeasance, and will defend the status quo until the bitter end. It didn't have to be this way, but today is the same as yesterday, and the current status quo is still unsustainable.

If the markets don't crash in the fall, it will be quiet enough to hear a pin drop through the election and on to next January, as we approach the fiscal cliff. What will be the undoing that topples the US financial house of cards? If the banks fail, they'll be taken over with succession plans already in place. Any other black swan will be met with appropriate action. TPTB must be looking through rose colored lenses, because PIIGS is only a foreshadow of what is coming in the mother of all recessions. 1913 gave us the fed, it's time to kick them out, pay them back with their fiat money, and institute free market reforms in the banking industry. If your bank makes bad loans, you FAIL, BASTARDS!!!  If you underwrite bad loans, you FAIL, BASTARDS!!! Fuck Barney Franks, Nancy Pelosi and Harry Reid. Will they ever admit they failed? Not very likely. Those fuckers screwed up so bad with sub-prime loans in the name of affordable housing, then US regulators let MBS and derivatives stew into a toxic brew, which then added $6T to the debt in 4 years, that It should serve as a lesson to TUSCON, don't fuck with the markets, but it may also be a lesson they'll never forget. 

Here we are four years later, and are we better off? It depends on whether you're a national defense/security contractor. Business is booming as federal spending replaced private investment. Now at the end of the deficit spending rope, either private industry is allowed to flourish, by scaling back government, or we enter an Orwellian nightmare where a NWO controls everything, and we see how well central planning works.

Let's see how things look next Spring, and whether this time is different. Either the government backs off, and scales down, or they've lost their legitimacy as a government of, by, and for the people.
Thoughts on Taxes « The Burning Platform

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