What Do You Mean ‘Our Taxes’, Kemosabe?

With the sequestration mess rolling on, Republican Congresswoman Martha Roby of Alabama declared:

It’s unconscionable to use our military men and women in uniform as a bargaining chip to raise our taxes.

I don’t think she realizes that with the expiration of the payroll tax cut, most workers have already seen their taxes increase. But I’m guessing they don’t figure into her talking points.

Shocking, I know.

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5 Responses to What Do You Mean ‘Our Taxes’, Kemosabe?

  1. Min says:

    The Honorable Ms. Roby should have talked to Napoleon Bonaparte: “I pay cash.”

    I do not think that we should be in the wars we are in now. But if you are going to go to war, ask the taxpayers to cough up the cash.

  2. Boyan says:

    She is a posturing moron, but so are the bleeding heart liberals that seem near and dear to your heart who talk about spending and transfer payments of all sorts as investments. Just as Mitt Romney was violating the laws of mathematics with his claims, so is anyone who thinks that Social Security and Medicare can survive at their current benefit levels without every single American paying A LOT MORE. I am fine with being taxed more as long as I am told the truth, and have a level of certainty that the people spending the money are not idiots. That is, alas, not true on both sides of the isle. And as long as that is the case I will take across the board automatic cuts over any deal that is based on fantasies.

  3. Vene says:

    Boyan, you aren’t very good at modern economics.


  4. albanaeon says:

    Boyan, I wouldn’t be so quick to throw around “idiot” as your clearly ranging into that category here. SS is projected, by the absolute worse case scenario of near stagnate growth for decades, to be in the red by 2033. At which point it goes to 75% payout, which would still be more than current payouts. This is all at current levels and if we do absolutely NOTHING for twenty years.

    You’ve sipped the kool-aid on SS. Put it down and join the conversations on real problems please.

  5. Boyan says:

    Vene – this article is simply stating the trivially obvious, there is nothing about economics there. And it absolutely supports what I said – CURRENT BENEFIT LEVELS will require that everyone pays a lot more. If you start talking lower benefit levels and/or higher taxes you can make the numbers work, more on that later.

    albaneion – you are just emphasizing the very same point. CURRENT benefit levels are unsustainable in the long term. You also ignore that balancing sums of such enormity have extremely long lead times. It is not like we could do nothing for 20 years, then 20 years from now magically raise everyone’s taxes by 50% and we go from a Ponzi scheme to solvency. No, I don’t drink Paul Ryan cool aid, in fact I think he is just as disingenuous as Nancy Pelosi, but the Ponzi statement is very true.

    And let’s get realistic – 75% payout on SS is not a politically viable option. We can’t get agreement on raising the retirement age by two effing years, for crying out loud, because of the various vested interests. It is a simple truth – that which mathematically cannot happen will not happen, no matter how many stupid accounting tricks are used in the short term to put lipstick on the pig. Social Security and Medicare as we know it are going away in our lifetime, the question is who bears the brunt. Current retirees want to pass this on to my children. Public employees want to pass this cost onto private taxpayers. This is selfish.

    For the record, I have the good fortune of being solidly upper middle class, and I count my blessings for this. 20 years ago we used to live well below the poverty line ($600/month for a family of 3 WITHOUT any government assistance), and I remember very well the feeling of waking up one morning to see my daughter with a lump in her neck. I view universal health care as a right, but I also view personal responsibility as an obligation. I think that the carried interest tax treatment is a travesty, but I also think that taxing true capital gains at substantially lower rates than salary income is the right thing to do. The latter statement is not driven by self interest – capital gains and dividends made substantially less than 5% of my income last year.

    I am one of the people who will need to pay substantially more to make the math work. I will gladly do so as long as politicians don’t insult my intelligence. We all need to pay more taxes, so say so. Raise my taxes , but also make the person earning $30k/year pay $50/year more in taxes. Not because that will make substantial difference to the math, but to reinforce the shared aspects of the pain. That way the politicians cannot hide behind empty rhetoric, and will have to convince EVERYONE that this is the right thing to do. Until that day comes I will vote against any incumbent, whether they are republican, democrat, or independent.

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