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The PJ Tatler

by
Stephen Green

Bio

March 11, 2013 - 8:54 am

The Dow is at or near record territory. Unemployment is the lowest it’s been since President Obama was first sworn in. Tax receipts are back up near their historic rate of 19% of GDP. So what’s this then:

On Friday, the United States Department of Agriculture quietly released new statistics related to the food stamps program, officially known as SNAP (the Supplemental Nutrition Assistance Program). The numbers reveal, in 2012, the food stamps program was the biggest it’s ever been, with an average of 46,609,072 people on the program every month of last year. 47,791,996 people were on the program in the month of December 2012.

Welcome to Obamanomics in full swing. Growth is slow and low. The rich get richer. And the poor… well, the change is that the hope gets sucked right out of them. Oooh, SNAP!

Look, it’s true that we’re socking it to the rich, especially with the new ObamaCare taxes on investment income. But what it is, is protection money. The rich pay more, but in a stratified, almost feudal economy.

Entrepreneurship is nearly dead, by design. The rich aren’t just getting richer, they’re also protected from young upstarts who either can’t get capital, or can’t afford the increased regulatory burden. If you’re a top earner, wouldn’t being made safe from whippersnapper upstarts be worth paying a little more off the top?

The best part is, you’re able to point to your increased tax bill and claim all the moral superiority that comes with it. This is the biggest — and perhaps oldest — con game in human history.

And all it took was a bare majority of low-information voters in a low-turnout election to turn 98% of a nation into suckers.

Stephen Green began blogging at VodkaPundit.com in early 2002, and has served as PJMedia's Denver editor since 2008. He's one of the hosts on PJTV, and one-third of PJTV's Trifecta team with Scott Ott and Bill Whittle. Steve lives with his wife and sons in the hills and woods of Monument, Colorado, where he enjoys the occasional lovely adult beverage.

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All Comments   (6)
All Comments   (6)
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i got mine, i paid off the local guy (cop or DNC), so make sure i keep my sure thing going

Chicago as national policy

Hey Steve Green, have you ever seen the Star Trek episode with Kirk and Spock dealing with a planet run like Chicago? Confirms documentary status for ST TOS!
If only I could get a piece of the action!
1 year ago
1 year ago Link To Comment
"If you’re a top earner, wouldn’t being made safe from whippersnapper upstarts be worth paying a little more off the top?"
This is a European construct, along with crippling regulatory assaults on entrepreneurship ... that way the upstarts have to keep their innovation at cottage industry level and let others prosper from being in a position of favor with the government. Cronyism and corporate fascism.
1 year ago
1 year ago Link To Comment
I've always found comfort in thinking that European countries, with their histories of feudalism, would naturally be drawn to socialism. But not us, we don't have feudalism in our past, Americans won't buy into socialism. It looks as though Obamaism has created a feudal society where none existed before.
1 year ago
1 year ago Link To Comment
I'm guessing tax receipts are up on the capital gains taxes, since the stock market has been inflated by quantitative cheesing. Every buyer has a seller, so when the stock market is going up, so are tax revenues. The billions being pumped into the economy have to go somewhere, don't they?

Here's a nice series of unhappy charts.

http://www.zerohedge.com/news/2013-03-11/erosion-us-economy-two-words-jobs-and-wages
1 year ago
1 year ago Link To Comment
The first year of a new tax is always the best year (revenue-wise.) The rich haven't a.) found a new way to hide their income yet or b.) paid a politician to carve out an exception for them in the tax code, probably because they are waiting to see exactly what the Obamacare bite will be (then they can kill two tax birds with one campaign contribution stone in 2014.)
1 year ago
1 year ago Link To Comment
I love workfarce numbers.

The "unemployment" rate is the "fun with numbers" king. The number of people who WANT to work full time, who are not...is higher than ever.

This is our "towel" economy. The old joke, what gets wetter the more it dries? Soaking the rich and bleeding the economy dry.
1 year ago
1 year ago Link To Comment
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