If there is one thing you can count on from the progressive socialist left, it is hypocrisy.
Yesterday I had a commentary posted at CNS News, and MRC, as well, that addressed the animus of the left towards those “evil rich people.” You know, those folks that need to pay their fair share, be soaked, who are the targets of legal plunder. As NYC Mayor de Blasio asserted, there is lots of money but it is in the wrong hands.
How does the unicorn fantasyland ideological agenda of the progressive socialist left get resourced? Just tax the crap out of folks? And, that means you didn’t build that, therefore, you didn’t earn that, so we will just be using taxation as a weapon of mass destruction for the confiscation of your means. After all, the left in America is the embodiment of the absurd statement of Karl Marx, “from each according to their ability, to each according to their needs.” Guess who gets to define what is an “ability” is, and who gets the “needs?”
As so it is since the State and Local Tax Deduction (SALT) was repealed, those chuckleheads who are running high tax blue states are whining. Leading the way as the Whiner-in-Chief is Mr. Infanticide, NY Governor Cuomo. See, henceforth, the rich who have been using the SALT deduction on federal tax returns have been able to avoid the hurt of these high tax leftist states. Guess what? Here in America, you do not need “papers” to go from state to state, we are a mobile population, and folks are using their mobility to “vote with their feet,” meaning they are fleeing New York.
As reported by the Ledger-Enquirer:
“New York Gov. Andrew Cuomo visited the White House on Tuesday to urge President Donald Trump to rethink a provision in the 2017 tax overhaul that Cuomo says is prompting a sharp decline in state revenues.
The Democratic governor met with the Republican president to discuss the $10,000 cap on the federal deduction for state and local taxes — known as SALT. Cuomo said the cap is prompting wealthy residents to flee New York and contributing to a recent drop of more than $2 billion in tax receipts. Trump has praised the tax changes but said recently he has heard it’s causing problems for some New Yorkers.
Residents in high-tax states such as New York, New Jersey, and California could see substantial increases in their federal tax bills this year because of the deduction cap.
Democratic control of the U.S. House increases the likelihood that the cap could be repealed, Cuomo said. After returning to New York following the meeting, Cuomo said Trump “suggested he was open to a change.”
“Because he understands: You hurt New York, you hurt California, you’re hurting the economic engines of this nation,” Cuomo said on WCBS Newsradio 880.
The White House said the meeting demonstrated Trump’s willingness to meet regularly with the nation’s governors.
“President Trump talked about the positive impacts of the Tax Cuts and Jobs Act on the American economy, and the president listened to the governor’s concerns regarding SALT,” said Judd Deere, a deputy press secretary at the White House.
Deere said Trump also discussed economic growth opportunities in New York, saying the state could help lower energy prices throughout the Northeast by allowing hydraulic fracturing and the development of gas pipelines.”
Oh boy, do you see the hypocrisy here? Gov. Cuomo is begging the President of the United States not to tax the rich!
See, this is the self-serving, irresponsible aspect of the progressive socialists leading these high tax states. They want the rich to stay in their states to soak them. However, they do not want the rich to feel the full brunt of their insidious tax policies. They want the federal government SALT deduction to stay in place so as to continue to hide and provide shelter for the rich, high-income earners, from their nonsense. The real result of all of this chicanery is that the middle-income earners, the ones who cannot afford to as easily pick up and move, will carry the burden of these high tax states.
Maybe these governors, such as Cuomo, who lead California, New Jersey, Illinois, Connecticut, Massachusetts, and Rhode Island should seek to run their states effectively, efficiently. Perhaps they should stop with providing “freebies,” including those here in our country illegally.
No one is to blame about the billion dollar budget shortfall in New York but Gov. Cuomo and his ilk. Guess what? These wealthy individuals are moving where? Yes, to well-run conservative states with low tax burdens but thriving economies due to their tax and regulatory policies that spur economic growth . . . which is why my adopted home state of Texas can boast a multi-billion dollar surplus. As Homer Simpson would say, “D’oh!”
Hey, Cuomo, maybe if you would sign executive orders opening up the massive Marcellus Shale natural gas reservoir to hydraulic fracking you would see revenues increase . . . cheer that instead of infanticide.
Now, I do not have a degree in Economics from Boston University, thank God. But, I do have an understanding of sound fiscal, tax, and regulatory policy. Keynesian economic theory does not work, meaning higher taxes and government spending to grow an economy. The free market/free enterprise system does work. Something tells me that Congresswoman Ocasio-Cortez, and her ilk, spent more time on Marxist and Keynesian economic models, instead of Hayek, Friedman, and Laffer. Thus the reason we are still laughing about the Green New Deal, and Gov. Cuomo was in the White House begging.
We now have Gov. Cuomo embroiled in an internecine fight within the Democrat Party against those who wish Amazon to go elsewhere. Meaning more loss of revenue for the so-called Empire State. Guess what y’all? They will end up in a place like a Tennessee, why? It’s simple: places like Tennessee, Texas, and other economically successful conservative states have leaders who studied free-market economic thinkers and are thriving. Although, my concern, as I wrote in my book Hold Texas, Hold the Nation: Victory or Death, is that these corporations and individuals fleeing failing blue states continue to vote, well, “stupidly.” Eventually, where will they run to? Many here in Texas do not want any more of these corporations run by progressive socialists — who seem to embrace crony capitalism, not free market/free enterprise economics — moving into the Lone Star State dorking things up.
President Trump, do not reverse, do not seek to appease a snake-like Cuomo. Do not be like the frog who gave the scorpion a ride across the creek, only to be bitten by the scorpion upon crossing. When asked why, the scorpion responded, “It is my nature.” Let these blue state progressive socialists take ownership of their own failed economic policies. Sadly, they are collapsing, just like the socialist utopia called Venezuela, where wealthy Venezuelans took flight, and came to South Florida. Keep the SALT deduction repeal in place and do not reverse that correct economic policy decision.
Hey, Gov. Cuomo, socialism sucks. Tax and spend policies do not grow an economy, and ensure increased revenues. As Bastiat offered, legal plunder is based upon greed and misplaced philanthropy, so watch more and more individuals and business flee these bastions of economic incompetence.
The motto of the Democrat Party should be”tax the rich, just not my rich!” Utter hypocrisy.
During his 22 year career in the United States Army, Lieutenant Colonel West served in several combat zones and received many honors including a Bronze Star, three Meritorious Service Medals, three Army Commendation Medals, one with Valor device, and a Valorous Unit Award.
In November of 2010, Allen was elected to the United States Congress, representing Florida’s 22nd District.
He is a Fox News Contributor, former Director of the Booker T. Washington Initiative at the Texas Public Policy Foundation, Senior Fellow at the Media Research Center, contributing columnist for Townhall.com, and author of Guardian of the Republic: An American Ronin’s Journey to Family, Faith and Freedom, and, Hold Texas, Hold the Nation: Victory or Death, published October 16, 2018, from Brown Books Publishing Group.