Friday, October 16, 2015

Gullible Wealth Worshipping Stooge Willis Hart Buys WSJ Lies Re Bernie Sanders' Invest In America Strategy

The Libertarian blogger Willis Hart is a wealth-worshipping stooge who believes in keeping taxes low on rich people and corporations and is strongly opposed to government investments that will grow our economy and pay big dividends.

This explains why he hates Bernie Sanders so much. Bernie, as a Democratic Socialist, knows that investing in America will pay off big time, in that it will result in prosperity for all, instead of just the incredibly wealthy individuals at the top that (the atheist) Hartster worships as if they were gods.

This is why, when one of his blog's few approved commenters passed on some lies from the Wall Street Journal concerning the cost of the investments Bernie Sanders is championing, Willis agreed with those lies... and slammed Bernie with a bogus insult.

The exchange between Shackelford and Hart as follows.

Rusty Shackelford: The WSJ did a story two weeks ago breaking down the cost of Sanders wish list. The cost would be 18 trillion dollars over ten years. (10/14/2015 AT 6:01pm).

Willis Hart: Computation obviously isn't the dude's strong suit. (10/15/2015 AT 3:57pm).

Actually, Willis, intellectually honesty is not YOUR strong suit, as the WSJ lied about the cost of the investments Bernie Sanders would push as president.

...while Sanders does want to spend significant amounts of money, almost all of it is on things we're already paying for; he just wants to change how we pay for them. In some ways it's by spreading out a cost currently borne by a limited number of people to all taxpayers. His plan for free public college would do this: right now, it's paid for by students and their families, while under Sanders' plan we'd all pay for it in the same way we all pay for parks or the military or food safety. ...the bulk of what Sanders wants to do is in the first category: to have us pay through taxes for things we're already paying for in other ways. (No, Bernie Sanders is not going to bankrupt America to the tune of $18 trillion by Paul Waldman. The Washington Post, 9/15/2015).

In other words the 18 trillion the WSJ deceptively portrays as new spending is actually money we are ALREADY spending. Bernie simply wants to change HOW we spend it. Instead of individuals spending the money (as they do now), government would spend it. But the lying author of the WSJ article does mention this AT ALL in her hit-piece on Senator Sanders.

Instead the article plays up the "price tag", referring to "new spending", "new taxes" and how "centrist" Democrats think this is a bad idea.

"We are not a country that has limitless resources. You need to tamp on the brakes somewhere, but he doesn't", said Jim Kessler, senior vice president for policy at the Democratic think tank Third Way. (Price Tag of Bernie Sanders’s Proposals: $18 Trillion by Laura Meckler. WSJ 9/14/2015).

"Limitless resources"? WTF is this dumbass talking about? As I already noted, this is money we are ALREADY spending. Some people (the poorest among us) aren't spending it, of course... and they'd be covered under any social program a Sanders' administration was able to put into place. THAT must be what Jim Kessler objects to... covering poor people at the expense of wealthy people. Both wealthy individuals who would pay more in taxes and wealthy corporations... specifically health care insurance corporations, who would be cut out of their massive profits gained via denying coverage and gouging customers (the horror!).

And that too would be my guess as to why Sanders' bid for the White House offends the wealth-worshipping stooge Willis so much (dude's a frigging socialist, for Christ sakes!).

Yes, under a Sanders' administration everyone would pay slightly higher taxes, with the rates for wealthy likely going up to the pre-Reagan rates, which would be an extraordinarily good thing, as high taxes on the wealthy act as an economic stabilizer, as Lefty Talker Thom Hartmann points out in his book Rebooting the American Dream.

High top marginal tax rates - generally well above 60 percent - on rich people actually stabilize the economy, prevent economic bubbles from forming, prevent the subsequent economic crashes, and lead to steady and sustained economic growth as well as steady and sustained wage growth for working people (Roll Back the Reagan Tax Cuts by Thom Hartmann. Truthout).

Low taxes on the wealthy have the opposite effect. Tax cuts, such as those instituted under preznit gwb, lead to bubbles and economic destabilization. That, however, is another topic (read the Thom Hartmann article for the full argument).

My point with this post is that that the WSJ lied... and Willis, as a libertarian stooge, claims that Sanders is bad at math. However, the opposite is obviously the case. You can't take spending that is already occurring, change how we spend it, and call it "new" spending. No wait, if you're a dishonest surface-thinking twit like Willis Hart, you can.

OST #75

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