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In 1991, Danny DeVito and Gregory Peck starred in a film titled, Other People’s Money – a dull, vapid comedy about an “evil” corporate raider going after a small company run by a benevolent “little guy” by buying up its stock through a vehicle called OPM (Other People’s Money).
Although the movie attempted to paint the capitalist as a thief victimizing the small business by stealing other people’s money, Danny DeVito’s character was doing what many Democrats hate – being accountable to the shareholders, working modernize the company and bringing it into the future by ensuring its profitability. The company’s owner is a folksy type who refuses to liquidate a part of his company, even if that part drains profits from other, more profitable divisions.
A silly fight over the company ensues with Danny DeVito’s character using OPM Holdings to stage a hostile takeover.
Although the Democrats profess to despise everything the corporate raider stands for, they are using a similar strategy to bribe the electorate into voting them into power next year. In other words, they’re promising everyone free shit at others’ expense – using other people’s money to stage a hostile takeover of this country.
The table-dancing buffoon Beto O’Rourke is only the latest candidate to suggest taxing those whom he perceives to be rich and redistributing their wealth “to help minorities.”
“What if in the tax code we did a better job of breaking down that accumulated wealth, of taxing it so it is not producing the greatest income and wealth inequality that we’ve seen in our lifetimes, unseen since the Gilded Age of the 19th century?” O’Rourke said after noting the wealth gap between black and white America. “What if we decided that we would use the proceeds to invest in people, in education?”
Translation: What if I taxed those whom I deem have enough and gave minorities money to vote for me? In other words, what if I used other people’s money to give you free shit in exchange for your vote?
If that’s not a bribe, what is? And if that’s not using other people’s money to gain political support by promising freebies to those who haven’t earned them, what is?
Kirsten Gillibrand, who is trailing in the polls so badly, she might as well not exist, had another proposition a few weeks ago. Once again, it involved giving $600 in other people’s money (read: tax dollars) to every voter to spend on elections. Yes, this daft bint actually suggested stealing your money and redistributing it in order to get herself (and other derp potatoes) into office to suckle even more at the taxpayer teat.
Gillibrand says she’ll finance her plan by eliminating a tax loophole for CEOs—which, between the various nominees, is starting to sound like a cure-all for society’s ill. Those making more than $1 million or 25 times the median salary of their employees—whichever is less—would finance Democracy Dollars with $60 billion in additional taxes over 10 years, according to Gillibrand’s plan.
The Democratic senator references Seattle as her inspiration, whose Democracy Voucher program allots $100 to every eligible voter to donate in each municipal election. Yet the results of the program’s pilot attempt in 2017 were that everything stayed pretty much the same: Only 3.3 percent of recipients participated, and the winning slate was dominated by incumbents and those backed by the establishment.
She’s serious, people.
Hell, maybe I should file to run for… something. Sounds like a sweet deal, and all I’d have to do is run. I wouldn’t even have to win!
Nearly every Democrat running for the White House next year wants to use your money to buy themselves the White House.
Kamala Harris wants to give $2.8 trillion in tax credits to lower-middle class families – many of whom pay little to no taxes – by taxing those who already pay the lion’s share of federal taxes.
Amy Klobuchar wants to spend $1 trillion to rebuild our infrastructure by raising the corporate tax rate to 25 percent and closing loopholes that encourage companies to move operations overseas. Klobuchar apparently thinks – if you can call it that – that forcing companies to pay even more to operate in the US while clinging on to some of the more onerous regulations that make it unprofitable for these companies to do business will encourage companies to stay.
Cory Booker wants to give every child born in the US a $1,000 savings account, managed by the Treasury until these children turn 18. There aren’t enough pages and hours to detail how stupid this plan is! To gauge the utter dumbassery, one only has to look at the solvency of the Social Security program – or lack thereof in a few years.
Also, isn’t this a great way to attract even more illegals to our borders? All they have to do is step across the border and shit out a fuck trophy. BOOM! That’s a $1000 freebie at US taxpayers expense!
And then, of course, there’s Bernie Sanders and Lizzie Warren to what to tax everyone into the poorhouse to provide a nonexistent “right” to health care for every man, woman, and abortion in the US.
Notice that all of these corrupt, power-hungry ass weasels are making promises using other people’s money as a vehicle. They aren’t rewarding achievement. They aren’t encouraging innovation, independent thought, risk taking, or hard work.
They’re simply giving away wealth they haven’t earned to ensure that they can continue bleeding the US taxpayers dry.
At least Danny DeVito’s character was honest about the tough decisions he would make to make a profit. Hell, he even named OPM Holdings – other people’s money – the company he used to take over Gregory Peck’s little firm – honestly.
These parasites? Not so much.
Featured photo: No Known Restrictions: “Other People’s Money” Theatrical Poster, ca. 1898 (LOC)
would finance Democracy Dollars with $60 billion in additional taxes over 10 years
Like so many Americans who were not taught finances in school (or at home), they don’t even see that this is obviously not an income problem, but a spending problem.
Cory Booker wants to give every child born in the US a $1,000 savings account, managed by the Treasury until these children turn 18.
There’s ways to do that well. But they don’t include the treasury managing the funds. (Unless you want to give them a Savings Bond. That would at least invest them in the U.S. of A. Of course, you’d have to stop borrowing so damn much money to make those really worth anything over 18 years.) And, yes, you’d have to say they were only eligible to children of citizens.
using other people’s money
It’s not just that DeVito’s character was honest about his intentions. The OPM he was using was given voluntarily to him. He didn’t deceive them to get it, and he didn’t hold them at gun point to get it (as our gov’t does, by definition). He was given the money in order to go make more money with it, so he could return value to those people who gave him the money.
(But, I gotta say that “sh*t out a f*ck trophy” is over the line a bit. IMO.)
Love your writing Marta, and while GWB is probably right about that line being a bit over the top, I have to admit that it made me giggle…
Sadly, for this country, everything you said is spot on…
Another grand idea they, socialist pols, have is to take over management of our 401k’s and IRA’s. Over 20 trillion there to use as bribes that will forever cement their hold over us. Their logic is that say, for shits and giggles, we were planning on taking 1k a month from our savings well they’ll promise us 500 a month and we’ll never be subject to ‘fluctuations’ of the stock market. Secondly they firmly believe the money is largely White money and therefore attained by theft from minorities.
On OPM: South Africa’s State-Owned Enterprises (SOEs – like the power company, post office, railways, water – you know, all of the stuff needed to make a country work) are beyond broke. So, the ruling ANC’s great idea is to MAKE all pension funds invest (hah!) a fixed proportion of their funds into investments specified by the government. Now, pension fund trustees are supposed to look after the pensioners’ money – not pour it down a black hole! And the biggest pension fund is that for the Civil Service and SOE employees. This Government-agency managed fund is ALREADY in trouble for ‘investing’ in companies that yield political, rather than financial, interest, so I can’t see this getting very far. But then, the allure of large quantities of cash ‘sloshing’ around is always hard to resist for the social minded!
Interesting how things took a downward turn after Mandela took office… hmmm
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