Too Old??

 67 year old Chuck Norris said John McCain is too old to be President?

 Let’s see so far we have had race,gender,religion and now age thrown into the mix when talking about the next President. Newspapers and TV reporters tell the story of a black man, a woman,a Mormon and an old man walking into a bar…There is little discussion of the issues,instead we have emotional journalism working the country into a frenzy over what it would mean if a black man or a woman were running the country. Emotional journalism about how the US has not had a woman President, so we must not embrace women with as much respect as men. Emotional journalism about Mormons taking multiple wives. Emotional journalism about heart attack rates for men over the age of 60. BLAH,BLAH,BLAH. Run the campaigns on issues and not race, religion,gender and age and may the best candidate win.

By the way Chuck, maybe you can afford Mike Huckabee’s 22%(minimum) national sales tax but I sure couldn’t.

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Published in: on January 21, 2008 at 9:07 pm  Comments (3)  
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  1. McCain is old. But I hope I am blessed with that much zip when I am his age.

    If he has the zip of the Mormon prophet, Gordon B. Hinckley, he has another quarter of a century to engage the public.

  2. Okay, now you’ve done it, you’ve mentioned the FairTax in a dim (witted) light.

    Gov. Huckabee’s advocacy of the FairTax ( http://snipr.com/irsgone ) is the single most important policy position in this election. Here’s why:

    The FairTax rate of 23 percent on a total taxable consumption base of $11.244 trillion will generate $2.586 trillion dollars – $358 billion more than the taxes it replaces ( http://snipurl.com/whatratewks ). [BHKPT]

    The FairTax has the broadest base and the lowest rate of any single-rate tax reform plan ( http://snipurl.com/baserate ). [THBP]

    Real wages are 10.3 percent, 9.5 percent, and 9.2 percent higher in years 1, 10, and 25, respectively than would otherwise be the case ( http://snipurl.com/realwages ). [THBNP]

    The economy as measured by GDP is 2.4 percent higher in the first year and 11.3 percent higher by the 10th year than it would otherwise be ( http://snipurl.com/econbenes ). [ALM]

    Consumption benefits ( http://snipurl.com/econbenes ) [ALM]:

    • Disposable personal income is higher than if the current tax system remains in place: 1.7 percent in year 1, 8.7 percent in year 5, and 11.8 percent in year 10.

    • Consumption increases by 2.4 percent more in the first year, which grows to 11.7 percent more by the tenth year than it would be if the current system were to remain in place.

    • The increase in consumption is fueled by the 1.7 percent increase in disposable (after-tax) personal income that accompanies the rise in incomes from capital and labor once the FairTax is enacted.

    • By the 10th year, consumption increases by 11.7 percent over what it would be if the current tax system remained in place, and disposable income is up by 11.8 percent.

    Over time, the FairTax benefits all income groups. Of 42 household types (classified by income, marital status, age), all have lower average remaining lifetime tax rates under the FairTax than they would experience under the current tax system ( http://snipurl.com/kotcomparetaxrates ). [KR]

    Implementing the FairTax at a 23 percent rate gives the poorest members of the generation born in 1990 a 13.5 percent improvement in economic well-being; their middle class and rich contemporaries experience a 5 percent and 2 percent improvement, respectively ( http://snipurl.com/kotftmacromicro ). [JK]

    Based on standard measures of tax burden, the FairTax is more progressive than the individual income tax, payroll tax, and the corporate income tax ( http://snipurl.com/lessregress ). [THBPN]

    Charitable giving increases by $2.1 billion (about 1 percent) in the first year over what it would be if the current system remained in place, by 2.4 percent in year 10, and by 5 percent in year 20 ( http://snipurl.com/moregiving ). [THPDB]

    On average, states could cut their sales tax rates by more than half, or 3.2 percentage points from 5.4 to 2.2 percent, if they conformed their state sales tax bases to the FairTax base ( http://snipurl.com/staterates ). [TBJ]

    The FairTax provides the equivalent of a supercharged mortgage interest deduction, reducing the true cost of buying a home by 19 percent ( http://snipurl.com/homebenes ). [WM]

    ALERT: Kotlikoff refutes Bruce Bartlett’s shabby critiques of the FairTax ( http://snipr.com/bbrebuke ).

    John McCain has said that he’d sign the FairTax bill, if presented for his signature. However, McCain is not a “true believer,” (IMHO) and he wouldn’t work to see it happen, as Huckabee would.

    Huck get’s it. McCain doesn’t.

  3. States COULD (key word) lower their state slaes tax? In PA, without any reduction in state sales tax, I would pay a MINIMUM of 28% on the goods I purchase, NY now pays around 30%. I don’t pay a 28% tax rate now on anything. No sane Govenor would give up his/her sales tax for the Feds without a HUGE promise of the Fed slice. The plan is based on consumption, which we,as Americans, are great at doing. However, we still buy the goods from companies based in Japan,China,Mexico, etc. These jobs are NOT coming back!!! Not when an auto maker here pays $40 an hour and overseas it costs $15 an hour!If consumption does not rise as projected or any other market force in a capitalist economy prevails the Fed is out a large chunk of money. And WHAT will be taxed? Everything? Only non essentials? Meat but not vegetables? Clothes but not shoes?
    Let’s be real in America, the tax code may need some work but eliminating it entirely is not the answer. Get rid of earmarks and Senators who live to add earmarks and the Fed will see it’s checkbook get better.


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