“Patriotic Millionaires” to Congress: Hurry up and tax us already, please

posted at 9:49 pm on June 7, 2011 by Allahpundit

A palate cleanser via the Daily Caller dedicated to a very special man who’s still not worried that we’re headed for a double-dip recession. Anytime we write about the “raise my taxes!” crowd I feel obliged to remind them that they’re perfectly entitled to raise their own taxes whenever they like. Here’s the link; every dollar that goes towards paying down the national debt means a little extra tax revenue isn’t going towards interest payments and can therefore be applied elsewhere.

Give generously, kids, because guess what?

The government added $5.3 trillion in new financial obligations in 2010, largely for retirement programs such as Medicare and Social Security. That brings to a record $61.6 trillion the total of financial promises not paid for.

This gap between spending commitments and revenue last year equals more than one-third of the nation’s gross domestic product…

The $61.6 trillion in unfunded obligations amounts to $534,000 per household. That’s more than five times what Americans have borrowed for everything else — mortgages, car loans and other debt. It reflects the challenge as the number of retirees soars over the next 20 years and seniors try to collect on those spending promises…

The government has promised pension and health benefits worth more than $700,000 per retired civil servant. The pension fund’s key asset: federal IOUs.

Medicare alone took on an extra $1.8 trillion in liabilities last year, but we’ll just have to come up with the money — unless, of course, you’re prepared to sit by and watch as Paul Ryan kills your grandma with his bare hands. You wouldn’t do that to grandma, would you?

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Comment pages: 1 2

I wish these millionaires who want to pay higher taxes would just ST*U and write the check for additional taxes and send it to the government. NO ONE IS STOPPING YOU!

devolvingtowardsidiocracy on June 8, 2011 at 8:44 AM

Hey, liberal millionaires:

You want to give the government a gift? Feel free to click this link and you’re on your way.

Write your checks and shut the f*ck up, please. Get to it.

The nation needs you.

Good Lt on June 8, 2011 at 8:50 AM

Send a check right now. Maybe you could get GE to pay something, too. Call out the Hollyweird types, they got more dough than they could snort. Fix this problem for us and we’ll be ever so grateful. This project is the most stupid lib idea yet, but they must feel really good about themselves for trying.

Kissmygrits on June 8, 2011 at 9:25 AM

Show me just one guy
Who has paid at the higher rate
Since 2001.

They could write a check
For their full tax cut, plus some.
They will not do it.

They keep their money.
But Other People’s Money
Must be taxed away!

Haiku Guy on June 8, 2011 at 9:49 AM

This is nothing but a self righteous, ego centered appeal saying to everyone ” look at me, look how wonderful I am and how much money I have to be willing to pay more taxes.” what a joke.

Rodger on June 8, 2011 at 9:56 AM

These are lying, hypocritical and duplicitous people. They are free not to take deductions or make investments that reduce their taxable incomes. Yet they do so while at the same time claiming we aren’t taxed to death enough. In any decent society they’d be tarred and feathered.

eaglewingz08 on June 8, 2011 at 10:52 AM

These frauds most likely already have their taxable income tied up in tax shelters. They don’t want to pay more taxes–they just want everyone else to.

zoyclem on June 8, 2011 at 11:53 AM

Anytime we write about the “raise my taxes!” crowd I feel obliged to remind them that they’re perfectly entitled to raise their own taxes whenever they like. Here’s the link; every dollar that goes towards paying down the national debt means a little extra tax revenue isn’t going towards interest payments and can therefore be applied elsewhere.

This is one of the most senseless and inane arguments for justifying a specific tax rate. How about this- why don’t we make all taxes voluntary? If you don’t believe in fighting wars abroad, just deduct that from your tax bill. Anyway, you can’t really address an issue by demonizing one individual with an unlikable personality.

It’s time to grow up and realize that the US can’t have some of the lowest personal income taxes among the world’s richest nations, police the globe with a massive military deployed in every corner of the world, and have overly generous social programs for the elderly. It’s time to grow up.

bayam on June 8, 2011 at 12:32 PM

It’s time to grow up and realize that the US can’t have some of the lowest personal income taxes among the world’s richest nations, police the globe with a massive military deployed in every corner of the world, and have overly generous social programs for the elderly. It’s time to grow up.

bayam on June 8, 2011 at 12:32 PM

Mild fix.

It ain’t just Granny that’s getting the gold mine.

Uncle Sams Nephew on June 8, 2011 at 1:01 PM

It’s time to grow up and realize that the US can’t have some of the lowest personal income taxes among the world’s richest nations, police the globe with a massive military deployed in every corner of the world, and have overly generous social programs for the elderly. It’s time to grow up.

bayam on June 8, 2011 at 12:32 PM

I agree completely. We need to prioritize. My priorites are:

1. Low Tax Rates
2. Police the World
3. Overly Generous Social Programs

We should start cutting from the bottom of this list first. And, BTW, our personal income tax rates are not lower than many of the world’s richest nations…
2.

Haiku Guy on June 8, 2011 at 1:26 PM

I agree with those guys. I think the congress should pass a law taxing the “Patriotic Millionaires” at 100%.

ironranger on June 8, 2011 at 3:16 PM

Haiku Guy on June 8, 2011 at 9:49 AM

It has been a long time, Haiku Guy.

Jaibones on June 8, 2011 at 3:57 PM

I wonder how stupid people got so rich?

1. Taxing “the rich” will get us nowhere near a balanced budget, but none of these nitwits has attempted the math, and

2. None of them proposed cutting spending by a penny, and

3. Guess What? One of the self-proclaimed millionaire nitwits says he wants to be taxed to pay for roads and schools and the other things that make him proud to be an American, and … hey, wait a minute — he wants to spend more money?!

4. None of them have offered that they pay an extra penny in taxes, and I’ll bet there’s a reason for that.

5. Their website mocks Orrin Hatch for saying the same things we are saying. They respond by challenging that they’ll “match” his voluntary tax payments.

Bingo! They don’t want to pay more taxes; they want you to pay more taxes.

Jaibones on June 8, 2011 at 4:05 PM

Comment pages: 1 2