Ferrari Mailing List: Re: Barstool Economics (was RE: Are Ferraris Losing Their Good Looks? )

[LarryT (l02turner]

Ric wrote <<Read any related
articles on the subject and you will se that hundreds of billions are
being wasted and paid on fraudulent claims. Talk to >>

Just think of the incompetance that exist in the govt operation of federal 
programs -
pick anyone of them and you'll find huge amounts of waste (the military is 
the only
exception.

Now consider the FedGovCo being in charge of any of the proposed areas obama 
wants to nationalize - healthcare, the energy industry, and all the other 
areas being considered for gov control.

All will be disasters --

Sincerely,
Larry T  (74 911, 91 300D 2.5T)
www.youroil.net Oil Analysis Kits &
Porsche Posters/Weber parts
.
----- Original Message ----- 
From: "Ric Rainbolt" <ricrainbolt [at] gmail.com>
To: "Larry Turner" <l02turner [at] comcast.net>
Cc: "The FerrariList" <ferrari [at] ferrarilist.com>
Sent: Thursday, November 13, 2008 1:45 AM
Subject: Re: [Ferrari] Barstool Economics (was RE: Are Ferraris Losing Their 
Good Looks? )


> At 11:17 PM 11/12/2008, you wrote:
> > OK
> >
> > So your lack of compassion is showing here...
> >
> > No its not your fault, and maybe it wasn't  Mr DD's choice to not
> > get an education, or go to school or hone his skills...  Maybe the
> > guy just isn't equipped for doing much more than digging a ditch for a 
> > living?
> >
> > It sounds like there is a feeling here that people getting help from
> > the Government are miscreants spending on beer or committing
> > fraud.  And I am sure there are cases of that.  I just can't believe
> > that it is everyone who benefits from the system, you may believe
> > it, but I do not.
> >
> > Also I checked:   Total budget for 2008 5237 Billion.  Spent on
> > welfare:  ~450 Billion (8.5%)...  The government spends twice that
> > amount on health care and nearly twice that amount on pensions.  So
> > down with the sick and the old I say!  They all would think my
> > Ferrari is ugly anyhow...
>
> The 2008 budget is skewed due to many billions (trillions?) spent in
> special expenses related to the lovely bailout. The "normal" budget
> is closer to 3 trillion and change. Welfare specifically is not 62%
> of the budget, but all forms of social insurance (health care,
> pensions) is Welfare by definition, just not listed that way on the
> budget. Social insurance programs alone are over $2 trillion a year
> in outlays and is the fastest growing portion of the budget (bailouts
> not included). You also have to account for several hundred billion
> of "off book" welfare that occurs as income tax credits to those with
> no tax burdens (yes, refunds to people that don't pay anything. It
> doesn't show on the books that way, it just reduces the "receipts"
> line... a clever looter tactic).
>
> It's not a lack of compassion, it's a basic disagreement that having
> money forcefully taken from me to give to anyone in "need" is neither
> charity nor compassion. It's coercion by one person to force me to
> supply capital to another. What is money but a basic representation
> of work? Work equals life invested. Life invested cannot be
> reclaimed: once it's gone, it's gone. Taking my life force to give to
> another, without my real approval is immoral. It's white-collar
> slavery. Would you be so keen on "compassion" if you forced to give a
> donation of a pint a week of blood? or maybe 12 hours a week of
> forced labor? That's basically what we have now, wrapped in palatable
> legal clothing.
>
> I grew up in the south in a very depressed area. I worked in a
> grocery store that my grandparents operated from the age of ten.
> Month after month, I saw HUNDREDS of the same able-bodied people come
> through the store, spending food stamps and welfare money. A very
> small percentage actually had impairments (real impairments). Many of
> them never worked and never tried to work. The fact that 40% of our
> citizens are receiving direct federal benefits is proof to me that
> I'm right. You can't reasonably sit there and tell me that 40% of our
> population are true charity cases (chronically ill, disabled from
> birth, etc.). How did humans survive before LBJ? Charity used to be a
> local thing. We took care of those in our own communities. Post-LBJ,
> we take care of everyone everywhere, with no say in the matter.
>
> Abuse of the social insurance programs is rampant. Read any related
> articles on the subject and you will se that hundreds of billions are
> being wasted and paid on fraudulent claims. Talk to anyone that works
> in organized medicine and they'll tell you about the systematic
> over-billing done in Medicare. I personally know of two people who
> defrauded Medicare for in excess of over $2.5 Million each. Both were
> caught, imprisoned, and then admitted later to socking away over a
> million each offshore. They did a little time (3-5 years) and then
> retired. Both were MD's. My dad continuously finds line items on his
> medical bills that are outright "cramming" (billing items or services
> that were not performed), regardless of which of his three local
> hospital he goes to. A friend of mine that briefly worked for a
> hospital's computer staff wouldn't really talk about it much, but he
> told me that "cramming" algorithms were built in the to software that
> many hospitals use.
>
> Add to that the very basic fact that at the most primitive level,
> you're taxing (punishing) success, and subsidizing (rewarding)
> failure and/or apathy. Not a good formula. We now have a large number
> of non-productive people demanding an ever-increasing standard of
> living, producing no wealth and nothing tangible in return... except
> more and more classist animosity, effectively biting at and cursing
> the hand that's feeding them. Really, really sad, IMHO.
>
> But lets just say, for the sake of argument, that I am
> compassionless. You still have no constitutional or moral right to
> force me to spend my capital on your guilt complexes. Pure and
> simple. There is no constitutional or moral basis for the federal
> government to run a shoddy, ill managed, and criminally fraudulent
> pension system, either. Almost everything done in the name of FICA is
> criminally punishable if it were done in the private sector. Even if
> you did manifest some "right" to have your pet social programs
> funded, why then should it be in such a despicably disproportionate 
> fashion?
>
> Here are the numbers for the past few years for how much the upper
> 10% of wage earners pay of the personal income taxes:
>
> 2001  64.9%
> 2002  65.7%
> 2003  65.8%
> 2004  68.2%
> 2005  70.3%
> 2006  70.8%
> 2007  72.7%
>
> Regardless of whether or not those millions of people are truly needy
> or not (by whatever definition), why does it seem fair to anyone that
> the top 10% of earners should pay 72% of the tab? Leaving the bottom
> 50% to pay nearly nothing. I want to know, how is this fair...
> really? If the trend continues, it will be well over 80% by 2012, and
> closer to 90% by 2020.  How is it fair that I pay over four times the
> amount of federal taxes than my next door neighbor. Our lifestyles
> are nearly identical. I spend my toy money on Ferrari's and he spends
> his on vacations and his children. His wife doesn't work, mine does.
> I have no problems with my choices or his, but why do we get to pay
> 300% more in taxes than they do?
>
> But really, lets define inequity at it's base level. If you make $1
> less than me, I'm evil and you deserve a progressively larger split
> of my "excess". If you make $1 more than me, you should be
> guilt-ridden into giving me your "excess". It sounds absurd, but
> that's basically what's going on. "I'm not rich, don't tax me to pay
> for handouts.... but that guy, the guy that planned-well, educated
> himself and made good, he can afford it... stick it to him."
>
> At some point, the productive among us will find refuge physically
> and/or financially elsewhere. It's a basic fundamental property of
> elastic demand. This will only serve to exacerbate the problem,
> forcing the looter class into more and more confiscatory postures for
> those that are dumb enough to stay.
>
> RR
>
>
>
>
>
>
>
>
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