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I'm shocked we still have the conversation in 2017, but the fact is most people are ignorant of history and immune to good ideas.
Such is the case for Guardian columnist Abi Wilkinson.
Wilkinson laments the fact that so many people die with money in their pockets, choosing to pass it on to their family rather than giving it to the government to be redistributed.
So, why is an inheritance tax such a bad idea? Wouldn't it be better if Britains took the 77billion pounds gifted in inheritance each year and spent it on the welfare state?
Well, NO! If you want to understand why this is such a bad idea listen to today's show.
***
Should we repeal the 17th amendment? If your gut response is, "What's the 17th amendment?" then you need to hit play and listen to the discussion.
Lot's of great stuff today. I love days like this.
Enjoy!
Jason
Apparently, the Dems think they lost the election because Americans didn't know what they stand for so, according to Chuck Schumer, they've rolled out a NEW, BRAVE and BOLD plan to win back blue collar workers.
What is this plan you ask? In short, new infrastructure spending, a raise to the minimum wage along with paid maternity leave and child care.
If you think that sounds a lot like Roosevelts "New Deal" it's because it is. This is the same platform Democrats have run on for decades. It's not new, brave or bold. Its a retread of old ideas.
Here's a question for you...
Why would the federal government pass a law to bail out a private pension program?
What business is it of the federal government (or any government) to involve itself in a private contract dispute?
Crazy as it might sound the feds, led by Bernie Sanders, is trying to pass the Keep Our Pension Promises Act which would provide a form of bailout to the Teamsters private Central States Pension Fund which currently pays out more than $3 for ever $1 it brings in.
It's a form government corruption, not at the hands of crony capitalists but by unions who made promises of fat pensions they could never hope to cover.
****
Is Maxine Waters running for President in 2020?
Lord, please say yes!
Can you imagine the hours of material a presidential run by Maxine would provide? She's a goldmine of political humor.
It's not impossible. She's headed to New Hampshire for a picknick to hobnob with the Democratic elites of Strafford County.
Here's me, crossing my fingers.
Jason
What happens when social security starts paying out more than it brings in? It's going to happen sooner than you think.
Right now social security is projected to be upside down in just five years.
In addition, the Disability Insurance trust fund will start paying out more than it brings in by 2028.
Those who advocate for bigger government, more spending and big promises need to look at the promises they've already made but can't hope to pay for and those of you who think government promises equal guarantees need to take a hard look at our current situation.
Three things are going to happen over the next twenty years.
1. Taxes are going up.
2. Promises will be broken.
3. Standards of living will fall for many who thought their government guarantee would provide for them.
Don't fall victim to the lies our politicians tell us. It will cost you dearly down the road.
Jason
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