Monday, June 10, 2013

                          Stop Funding The Federal Government:


When the federal income tax was passed in 1913 it was just in time to fund WW I  . Federal revenues started out at a modest 7%  Gross Domestic Product ( GDP ). The Federal share was 2.71 % with state at 0.76% and local governments at 3.56% of GDP. After WW I it was at 14.6% of GDP and after WW II it went as high as 30.2% of GDP.
There was an administration in power that created the biggest long term recession and by 1982 it went to 37.5% of GDP  in an attempt to battle our way out of Policies put into effect during the Carter years.  Since then the Federal rate has held pretty steady at 15% to 20%  of GDP. with the states as high as 8% to 10 %


Revenue Breakdown by level of government:
The Federal Government raises revenues from principally income tax, Social Insurance, and at all levels government raises taxes ad-valor um taxes, sales taxes, Tariffs, and personal property taxes ,as well as corporate property taxes.



two thing will change on the graph  above the RED line will increase significantly because of Obama care. and the Yellow line for Corporate will increase .
A very interesting observation I have made is that if you notice the yellow line increase and the advent of our industry going over seas , as the regulations and taxes increased so do the loss of jobs to outside
                                                           Income Tax & The Top 1%

The increase from 1986 to 2007 is 11.3% in 1986 to 22.8%  But the share of revenues paid is 25.8% in 1986 to a whooping 40.5% in 2007 ..

we need to get the message back to the  Federal government that even though the short run benefits of Policy showed  a positive influence on our nations condition the long term results have been devastating and allowed a social engineering and Nanny state to hold only one ideology in power.
  I was speaking with a dear friend this afternoon about some of the brightest men we have had in the office of president . and Bill Clinton's name came up and his welfare reform policies. Let em get something out on the table up front I did not Like Bill because primarily his stance on the Vietnam war and has ducking the draft and his wife's belligerent attitude towards  any of us who complained and her defense of the Black panthers and the SDS anarchists .  Clinton gave federal jobs to many of the welfare recipients the results were more bureaucracy and the inefficiency that goes along with it. when you hire inferior workers you have an inferior product . Then you create the Federal unions to protect this new voting block you just created.

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