Lefties are salivating over the prospect of a bill with a fittingly commie-sounding name: The “Inclusive Prosperity Act.” The bill would impose a tax on the trading of stocks, bonds and derivatives and is really, incredibly, horribly stupid. Which is why people like Rep. Keith Ellison support it as a way of funneling more money to the government:

“People like, George Soros, Bill Gates, Warren Buffett, Paul Krugman, Joe Stiglitz, Jeffrey Sax, Dean Baker, Robert Poland, Larry Summers have said they all support a transaction tax,” Ellison said.

“The bottom line is we’re not broke, there’s plenty of money, it’s just the government doesn’t have it,” Ellison continued, “The government has a right, the government and the people of the United States have a right to run the programs of the United States. Health, welfare, housing – all these things.”

Well, if Krugman supports it, it’s definitely a bad idea.

Capitalist-socialist hypocrites like Soros pitch this idea like it’s a “one percent” thing, but over half of Americans have money in the stock market. Just what we need, another tax on working America just because Keith Ellison and the rest of the tax and spenders need more and more to satisfy their crack-addict style addictions.

It’s just a matter of time before people like Ellison are opening calling for the government to raid savings accounts (he’ll refer to it as “involuntary FDIC premium payments” or something like that).

Comments

29 Responses to “Idiotic Quote of the Week: There’s Plenty of Money, Problem is the Government Doesn’t Have It”

  1. SignPainterGuy on August 4th, 2013 6:44 pm

    I almost expected Ellison to say the gubmit and the banks DO have all the money and Obama should declare by Executive Order that from this point on, everything is FREE and everyone will live equally like KINGS !!

    Someone at MM`s told me that a few days ago. He said it would be easy, the gubmit would need to borrow only a little money and it would be great !!

  2. Granny55 on August 4th, 2013 8:15 pm

    What he is actually saying: Those greedy Got Damnd Americans are hording their money and it belongs to the "collective village idiots". One way or another we will take it from their cold dead hands (at the same time we take their guns).

  3. Granny55 on August 4th, 2013 8:18 pm

    Hmmmmm should have thought twice before I posted that – I might be getting a visit from the IRS, DHS, FBI, NSA, EPA, DEA and who knows who ever is eavsdropping on us. Well come and get me – I am canning pickles – is that still legal?

  4. Truesoldier__ on August 5th, 2013 10:43 am

    Why do I have the feeling that those who support the transaction tax do so knowing that they will receive an Obamacare style waiver from said tax?

  5. Truesoldier__ on August 5th, 2013 10:49 am

    As it has been said with the "Buffett Rule", If Soros, Buffett, Gates, etc, think that this is such a great idea then they can donate their money to the government and be done with it.

  6. SignPainterGuy on August 5th, 2013 10:50 am

    Because you recognize the trend. As with the left`s "Screw up, Move up", with O`Scare, it`s "support it, get out of it" ! Pay to, uh, NOT have to play !

  7. Truesoldier__ on August 5th, 2013 10:53 am

    I saw this over at Daily Caller:

    “Four years ago President Obama gave a much heralded speech as outreach to the Muslim world,” Kristol said. “And now, four years later we are closing embassies throughout the Muslim world. A year ago, the president said al-Qaida is on the run. And now we seem to be on the run.”
    http://dailycaller.com/2013/08/04/bill-kristol-a-

  8. SignPainterGuy on August 5th, 2013 11:37 am

    More proof of the 180° rule; whatever he says, the opposite is true !

    The USA was once rightly respected and feared. Now, because of Preezy Fissbump / Gutsy Call, Shrillary and now Vietnam War veteran and multiple Purple Heart awardee SoS Jawn Kerry, we are a laughing stock and a perceived easy target of com-mun-ists and mooslime terrorists !

  9. SignPainterGuy on August 5th, 2013 11:38 am

    In a pickle, are you ? ;-)

  10. backwoodsconservative on August 5th, 2013 11:53 am

    Deja moo: The feeling that you've heard this same bull before.
    http://www.ihatethemedia.com/john-kerry-says-he-c

  11. doriangrey1 on August 5th, 2013 12:21 pm
  12. SignPainterGuy on August 5th, 2013 12:27 pm

    Who said that previously; Schumer or Pat "Leaky" Leahy ?

  13. backwoodsconservative on August 5th, 2013 12:45 pm

    Kerry was the one I know it from, but I wouldn't put it past any DemocRat to say that or something similar. It's the way their minds don't work.

  14. SignPainterGuy on August 5th, 2013 1:00 pm

    "It`s the way their minds don`t work." For certain ! Dysfunction, arrogance gone wild to become hubris !

    I think it was Patrick Leahy, speaking for his congress-critter cohorts, "Yes, as a matter of fact, we do know better how to spend your money !"

    I`m searching some of the "Quotes" w/s.

  15. backwoodsconservative on August 5th, 2013 4:08 pm

    Once a pickle, always a pickle. You can't ever go back to being a cucumber.

  16. Obama bin Biden on August 6th, 2013 11:30 am

    Dumb Muslim.

  17. ChapBix on August 14th, 2013 9:17 pm

    Just goes to show that Marxism is alive and well. Need anyone doubt any further?

  18. Supraja Lakshmi on December 12th, 2013 12:46 pm

    There's plenty of money but the government doesn't have it . ! WHERE THE HELL ?

  19. Trading Tips on December 30th, 2013 9:11 pm

    All the relevant factors, whatever they may be can be reduced to the volume of the stock exchange transactions and the level of share price or more generally, the sum of the statistical information produced by the market.

  20. Technical Analysis on January 1st, 2014 9:35 pm

    The tax and spenders need more and more to satisfy their crack-addict style addictions.

  21. opaler on January 3rd, 2014 10:19 pm

    I only have one question: what is the difference between H.R. 6411: Inclusive Prosperity Act and H.R. 3313: Wall Street Trading and Speculators Tax Act or S. 1787: Wall Street Trading and Speculators Tax Act? I couldn't find the answer on <a href="http://www.qccusa.com/solutions/infrastructure-cabling” target=”_blank”>www.qccusa.com/solutions/infrastructure-cabling and to me they look very similar.

  22. opaler on January 8th, 2014 12:26 pm

    This quote is probably one of Bush's most economically insightful ones. I took my economics degree with a paper on 'real authority'. I found a lot of helpful info on http://www.globalcheckrecovery.com/ and I hope you will too.

  23. frapel on February 11th, 2014 9:54 am

    Republican politics is and has been predicated on identity politics and amplifying the fear of a white electorate that feels it's privilege increasingly under threat from an emerging minority majority. I read about this on http://innoviacmc.com/ but the money quote is by far the most idiotic.

  24. ralet on February 11th, 2014 8:38 pm

    I pretty sick of the “taxpayers stuck with the bill” story and I think it's about time our legislators finally passed laws that benefit the general public. Ken Gallant is my personal inspiration in the legal field.

  25. fralp12 on March 3rd, 2014 5:32 pm

    A government of the many, not a government of money.The “Government by the People Act”, proposed by N. Pelosi and J. Sarbanes in a WP op-ed, is presented as one of the first concrete steps towards the removal of the influence of quasi-unlimited money in US politics. The act doesn’t limit the amount of money that corporations, PACs, etc can pay but rather takes the opposite approach, by encouraging and subsidizing citizen participation, as page. The influence of money on American politics has exploded since the Citizens United ruling… resulting in often disturbing bias.

  26. www.buzzfeed.com on June 3rd, 2014 9:06 am

    The legal definition and the economic definition of taxes differ in that economists do not consider many transfers to governments to be taxes. For example, some transfers to the public sector are comparable to prices.

  27. Blogger?annonymus on July 7th, 2014 6:23 pm

    The economical issues are a well know problems for everyone.. (so is the spoken language for some, apparently), but there are various strategies that may be tried… A big data analytics could uncover the unexpected in your data, improve predictions and support decision making when it comes to improving the economical status of this country!

  28. Olivia on November 9th, 2014 9:20 am

    Just what we need, another tax on working America just because Keith Ellison and the rest of the tax and spenders need more and more to satisfy their crack-addict style addictions http://www.supplementreview.org/ultra-ketone-syst

  29. hire essay writer on November 20th, 2014 1:16 pm

    Government doesn't have money it's sound little weird. I like how it explains about what government have hire essay writer ask for their opinion about it. Thanks for such a good info

Leave a Reply

You must be logged in to post a comment.