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Ed Driscoll

Just Most of Them

June 10th, 2013 - 11:26 am

“Obama: ‘We Don’t Want to Tax All Businesses Out of Business,’” CNS News reports:

President Barack Obama says Democrats “don’t want to tax all businesses out of business.”

“I know that there are a few Republicans here in the audience,” Obama said Friday at a fundraiser for the Democratic Senatorial Campaign in Palo Alto, Ca. ”If you talk to us, it turns out we’re pretty common-sense folks.
“We don’t think government can do everything,” he said.  ”We don’t think that top-down solutions are the right way to go.  We believe in the free market.  We believe in a light touch when it comes to regulations.”

“We don’t want to tax all businesses out of business,” Obama said.  ”But we do think that there’s a role to play for government.”

With the exception of there possibly being a few Republicans in the audience, nothing in the above passage is true. Obama’s first term, in which he nationalized two of the Big Three American car companies, created ObamaCare and used crony socialism to force “Green” businesses into existence with frequent disastrous results such as Solyndra are all examples of top-down solutions, corporatism, and distorting free markets.

And as far as not wanting to “tax all businesses out of business,” those who play ball with Obama, such as GE (whose networks helped paved the way for his administration, and whose CEO was appointed to the president’s Economic Recovery Advisory Board) find themselves rewarded with curious tax breaks.

But as as president, Obama “joked” about siccing the IRS on political enemies. and as a candidate, Obama had no problem admitting (to the apparent delight of a northern California newspaper) that there were certainly whole industries he wanted to tax out of existence:

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I wish I could remember the movie, but it had the scene Obama is playing. A girl crying over a failed romance. The man tells her, "I didn't mean to hurt you." She replies, "Well, you did."


I ran across this at the Adam Smith blog today:

"We can take this further though. Such costs of bureaucracy are not simply on foreign trade because foreign trade is not the only form of trade we have. We obviously also have inland trade or what we generally call "the economy". People buyin' an' sellin' stuff to and from each other. And the findings that apply to foreign trade will also obviously apply to the inland trade as well. The more bureaucracy there is then the less trade will get done: the simpler (or less of it) the bureaucracy there more trade will get done. And as it is indeed trade that produces economic wealth this would make us all richer.
....

So, there really seems to be no reason at all why we should not reduce bureaucracy in order to make us all richer. And those bureaucrats will now have to go and do something useful for a living: shame, isn't it?"

http://www.adamsmith.org/blog/regulation-industry/calculating-the-cost-of-bureaucracy
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