Maggie's Farm

Bob Brinker noted on the radio today that many Americans would find themselves in the 64% tax rate in some states, such as NY, MA, and California, with Obama's Social Security and tax plan.

Brinker said, correctly, that few Americans are willing to work for 36 cents on the dollar unless they are desperate. The entrepreneurs and job-creators would go fishin' or golfin', and cut back hard on their expenses. Thus, on the tax income, job-creation, charitable donation, and consumer sides, the economy would go into an ugly spasm and a downward spiral. "It's nuts," says Bob (who is a political "moderate"). I, for one, would retire immediately and remove my income from the tax rolls: I enjoy my work very much, but I won't be a chump, or a serf or slave to the Federal government. I thought we left feudalism behind us...I think we already had a war about that.

Russia now has a 13% flat tax on everybody, on all income. I would be OK with that. How can they be ahead of us?

Off topic, Charlton Heston said, before his decline, "I'd like to be remembered as: American, husband, father, actor."