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You know it's going to be bad, but you just can't prepare yourself

Although they lived in style, they felt always an anxiety in the house. There was never enough money. The mother had a small income, and the father had a small income, but not nearly enough for the social position which they had to keep up. The father went into town to some office. But though he had good prospects, these prospects never materialised. There was always the grinding sense of the shortage of money, though the style was always kept up.

At last the mother said: "I will see if I can't make something." But she did not know where to begin. She racked her brains, and tried this thing and the other, but could not find anything successful. The failure made deep lines come into her face. Her children were growing up, they would have to go to school. There must be more money, there must be more money. The father, who was always very handsome and expensive in his tastes, seemed as if he never would be able to do anything worth doing. And the mother, who had a great belief in herself, did not succeed any better, and her tastes were just as expensive.

And so the house came to be haunted by the unspoken phrase: There must be more money! There must be more money! The children could hear it all the time though nobody said it aloud. They heard it at Christmas, when the expensive and splendid toys filled the nursery. Behind the shining modern rocking-horse, behind the smart doll's house, a voice would start whispering: "There must be more money! There must be more money!" And the children would stop playing, to listen for a moment. They would look into each other's eyes, to see if they had all heard. And each one saw in the eyes of the other two that they too had heard. "There must be more money! There must be more money!" - From The Rocking Horse Winner.

"There must be more money" is a whisper heard in many houses, but only in the House of Representatives can more money be gained at no real personal inconvenience to any of its members. In the midst of recession most Americans are cutting back to make ends meet. Trying not to make a bad situation worse by taking on new expenses. Meanwhile Congress has started spending enough to make a teenage member of the Saudi royal family vomit in shame.

The return on investment we've been promised is accelerated economic growth spurred by trillions of government spending and taxation. If Obama gets all his Change, by 2012 government spending might total $6 trillion annually. They'll grandstand through a few targeted make-the-rich-pay-their-fair-share measures but the big money is in energy taxation. Congress and Obama are about to pick your pocket with taxation that impacts each and every facet of our industrialized society.

Man-made global warming is the biggest scam ever perpetrated on humanity. Seeing the world's sole hyperpower voluntarily don a carbon-rationing choke chain and leash held by the United Nations will be the ultimate victory for neo-Malthusians. Even if it doesn't save our planet the higher costs imposed on America will make the rest of the world more competitive in the global economy, so we'll be better liked regardless of the science. A date that will live in infamy.

But we've got to pay the bills somehow. There must be more money.

Now, if Obama were truly committed to transparency in his quest to dial back the seas he would propose direct carbon taxation. Then it would be simple to account for just how much he's plundering from the economy. Any carbon tax would, of course, be just as manipulated by political desires and favoritism as the income taxation. But at least we could post "The price of gasoline includes an x cents per gallon carbon tax" stickers on the pumps and print "Your carbon tax this month was x dollars" on electric bills.

Instead we'll get a carbon trading shell game. Controlled by politicians, understood by few, accountable to none, and even more easily manipulated by political interests. What's not to love? Is it any wonder Enron was one of the early proponents and lobbyists for carbon trading? Imagine, making money for nothing out of thin air.

Lay...you magnificent bastard. I read your book!

Everything you buy, everywhere you go, whatever you do - short of taking a leisurely dirt nap in the back yard - will set you back a little more once the government starts rationing and auctioning carbon permits. The government will yield unprecedented power over the organization and strategic direction of the US economy. I must have missed that watershed moment when government demonstrated persistent organizational and strategic planning competence.

Change doesn't come cheap and somebody's got to pay. It might as well be every American. There must be more money.


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Comments (13)

Carbon tax? I su... (Below threshold)
irongrampa:

Carbon tax?

I suggest they come collect my share from me personally.

Yes this endless fountain o... (Below threshold)
John:

Yes this endless fountain of money Obama believes he can tap from the "rich" will come at a great cost. Some will close up shop, layoff employees, or simply move out of the country. Not a huge percentage (I hope) but enough to severely impact and further endanger America. Actually it would be interesting to see the reaction on their faces if these "evil" and "greedy" entities did just that...grab a paddle and hip waders then!

Case in point, Maryland, you know that state dominated and run by the liberals? Well after raising taxes last year to close gaps in the budget, it showed that raising taxes FAILED as this year showed another budget shortfall. Only this time, O'Malley and all the other pieces of shit liberals in this state are excited to get bailout money. If liberals cannot run such a state as Maryland what the hell do you think is going to happen with America? O'Malley promised he would "Move Maryland Forward", instead with his incompetence and the failed liberal policies, Maryland was Bent Over...

Change is what was promised... (Below threshold)
WildWillie:

Change is what was promised but the left never asked for specifics. The promise of true change has to come from outside Washington. Both parties are on the edge of turning off the working middle class, evident by the Tea Parties in cities yesterday. Mostly all of those attendees would not take off work to do such a thing, but it is getting serious now. The left thinks we are rebelling just against them, but in fact we are rebelling against the ideal that government can take as much as it wants. ww

Change is what was promi... (Below threshold)
Deke:

Change is what was promised but the left never asked for specifics. The promise of true change has to come from outside Washington. Both parties are on the edge of turning off the working middle class, evident by the Tea Parties in cities yesterday. Mostly all of those attendees would not take off work to do such a thing, but it is getting serious now. The left thinks we are rebelling just against them, but in fact we are rebelling against the ideal that government can take as much as it wants. ww

Amen, the left has a good point when they ask why were complaining, the Republicans had control for a decade and spent as much as any Democrat congress, 40% of the earmarks in the current, bloated, budget were placed there by Republicans. That is why conservatives are becoming more and more frustrated with government in general. I like to laugh when lefties respond with the usual "You GOP, neo-Nazi whatevers" I just have to laugh, I care about as much as the GOP as a cow would. Conservative, most def yes, GOP naw.

Another thing, John Casich brought out a good point, government officials have come to the conclussion that bringing home the bacon is the way to get re-elected, Murtha brags on it being a prime example, the ONLY way were ever going to solve this is with Term limits. I'm just hoping as the movement grows this might become a reality.

What I'm amazed at is that ... (Below threshold)
JC Hammer:

What I'm amazed at is that they basically said that Clinton would destroy America and America will never recover from a Clinton presidency, yet, all of the right *somehow* still found the strength to see themselves through those 'end of days' to enjoy Bush, the second coming, and the paradise he fostered in America (at least to them). So these same lunatics on the right, will listen to Rush and his minions say that Obama is going to destroy America, blah, blah, blah, and these dittohead rightards are buying the same piece of swampland from their leaders yet again.

Warren Buffett, who knows a thing or two about wealth, has noted that because of the way the tax code is structured, he effectively pays taxes at a lower rate than the secretaries who work for him, concluding: "There's class warfare, all right. But it's my class, the rich class, that's making war, and we're winning."

JC Hammer,I don't kn... (Below threshold)
DaveD:

JC Hammer,
I don't know what your solution is to this, but mine is to revise the tax code not to tax Mr. Buffet more but to tax his secretary less. Seem fair to you?

JC, how idiotic is your rea... (Below threshold)
WildWillie:

JC, how idiotic is your reasoning. Yes, Buffet's secretary pays more income tax, but does she have all her meals and expenses paid for. Car, jet, and all? But how much does his corporation pay in taxes? I would guess more then I do. Please, JC, use your head. Buffet IS a corporation as is Julia Roberts, Bill O'Reilly. Man.

Deke, the left confuses conservatism with repulicanism. As a conservative, I never approved of the spending that has been going on. But now the left actually believes we can spend out way out of this problem with money we do not have. Barry almost doubled the size of our deficit in a little over a month. That is change you can live in fear of.

America is melting. Slowly. Soon, our creditors will call the debt. ww

Great post, Baron.... (Below threshold)
Shawn:

Great post, Baron.

-Shawn

JCBuffett's effect... (Below threshold)
Baron Von Ottomatic:

JC

Buffett's effective tax rate is low because of the payroll tax maximum one can pay annually. His secretary pays ~8% of pay while he's paying the maximum amount (maybe $9,000 on a W2? It used to be ~$12,000 for a 1099...) on $30 million.

Of course, he's paying a hell of a lot more in capital gains taxes, property taxes, accounting and investment fees to skirt taxes, etc. than his secretary.

And no one is stopping Buffett from voluntarily sending a little extra to Uncle Sam. A check for $500 billion could really help tide him over until April.

Are you using Buffett's words to argue in favor of the higher energy prices that will result from carbon rationing? A secretary's family will bear a much higher effective energy tax burden than the tycoon's. He'll still have the Gulfstream, she won't be able to fly the kids to Disney World.

I'm not following you.

Cap and trade is a failed p... (Below threshold)
Gmac:

Cap and trade is a failed policy where ever it had been tried but the Democrats see it as a way to generate massive tax increases without having to call it a tax.

I feel sorry for you poor bastards that don't have a nuclear power plant nearby. You're about to get reamed when you turn on anything that requires electricity.

All those magical unicorn f... (Below threshold)
GarandFan:

All those magical unicorn farms and windmills and solar panels will provide you with all the "FREE" energy you'll ever need. Someday. But right now we have an Energy Secretary that knows nothing about oil. An Interior Secretary found of saying "You're not drilling here". Obama doesn't have to worry about the economy's energy needs. There won't be an economy, therefore no need for energy. As for the 'cap and trade', when energy prices skyrocket, JQ Public is going to be pissed. I feel Maryland's pain. The same "progressives" have run this state into the ground, compliments of a RHINO governor who 'wanted to be bipartisan' and get along.

Cap and trade is a faile... (Below threshold)
JLawson:

Cap and trade is a failed policy where ever it had been tried but the Democrats see it as a way to generate massive tax increases without having to call it a tax.

Just like an increase on tobacco taxes is seen as a way to both discourage smoking (which it does) and provide a windfall for local health programs.

But then the revenues drop - and so they raise the taxes because they need the money. But that leads to a decrease in sales - so there's a decline in revenue... so they raise taxes again.

Funny how that works, isn't it?

Baron,That was a b... (Below threshold)
BPG:

Baron,

That was a beautiful quote from the quintessential American, Gen. George S. Patton, Jr.

...in an otherwise depressing post. Regardless, keep up the fine work.




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