To tariff or not to tariff?

America’s history with tariffs isn’t of recent vintage; going back just to America’s Civil War, the tariff argument had long been established in American government.

In response to a short article (SOURCE) about an agreement to avert a progressive 5%-%25 tariff on Mexican Trade, I have to address a couple of things here.


America’s history with tariffs isn’t of recent vintage; going back just to America’s Civil War, the tariff argument had long been established in American government.

In reference to the article itself, I find it quite comical when someone on the Left wants to appeal to the Dow Jones in an attempt to degrade Trump.


The Dow Jones consists of 30 companies.

I also love how the article notes

“The Dow dropped 3% the week ending May 31, posting its sixth weekly loss and its longest losing streak since 2011”

What depressing news, right 😉 Hold on!

Where this is disingenuous is that this article is updated to today’s 06/07/2019 date, but look at this partial headline from another article with today’s date

“Dow gains 260 points, posts best week since November”

So they’re giving you bad news over a 6-week loss (As of 1 week ago), but the biggest gain in 7 months isn’t worth mentioning?

More selective outrage and faked news.

Again, the Dow Jones Industrial Average (DJIA), is a collection of only 30 companies/corporations.

All things considered; especially in light of a low of 10.700 the night before Christmas 2018, a 2,000 point gain since then isn’t exactly a sign of a slowing or weakening economy………….even if we are going to base this on 30 Corporations

Daily/Weekly/Monthly freak-out sessions of our Stock Markets is simply the best way to feed panics.

Frankly, I’m not overly concerned about the financial well-being of companies such as Cocoa-Cola, Walmart, Disney, Goldman-Sacks, or Walgreens Boots Alliance; and I certainly don’t see how these 30 companies are any kind of indicator or barometer of Trump, in any way.

Shouldn’t those on the Left be celebrating when such evil Capitalist entities are taking financial hits in the markets?

Trump wins again, and it’s killing those on the Left, but don’t expect any significant reduction in reported numbers of illegals.

This is merely one more stage in the game.

© 2019

J.W.

www.rafonreport.com

#ArtOfTheDeal3DChess

The “Fair Share” Myth:

So goes the average argument from a Liberal (Leftist) mindset:

“The (Extreme/Uber) wealthy, should not be allowed their “deductions” and “loopholes”, because that means they’re not paying their fair share” and this means government can’t provide enough subsidies for all (societal) socialist concerns.

Though the imagined/perceived arguments; and consequences and/or results of this are far too reaching for a single article on such subject, I’ll summarize with one: “If all such (Extreme/Uber) “wealthy” people paid their “fair share”, these (societal) socialist concerns (free education, healthcare, welfare, and other special interests) would benefit greater in comparison to their present status’

From this point, this innumerable plethora of “interests” are listed, labeled, identified, etc…and then the return to the endless progressive arguments, whose total end game/goal, is absolute Statism.

I couldn’t care less for the weasels who attempt to slither under the radar, for individual differences (Oh that’s not me, because ________________________________) because by such instant deflection, they prove they do not understand the end result (ignorance), or they’re simply (deceptive) lying to you.

To begin with: who decides this fair share amount/percentage, what all is it based on, who defines what fair means; and is it really fair to all concerned?

And with the simple insertion of such questioning, it has now successfully changed the focus of the conversation through the use of something I refer to as “D.E.A.D. arguments”, pointing to their distractive, evasive, avoidance and deflecting from the immediate topic.

Unless we’re discussing a flat rate/amount/percentage (already complex) and an outright revocation of the entire U.S. income tax code (replacement legislation needed), you’re still discussing a process that includes nearly 400 million Americans, who all should be considered in the process and application of such replacement system.

Every locale across the country is going to demand equal representation in such legislation considerations, with every city/county/state taxing board offering multitudes of ideas, proposals, suggestions, grievances, etc…

One of the reasons such difficult conversations are difficult with respect to those on the Liberal Left, is because basic facts, logic, math, science and deductive reasoning, are largely inadmissible in conversations with them about such topics; especially where it concerns contradiction or even correcting them.

Some facts and figures:

2017 U.S. GDP (Gross Domestic Product – Source www.thebalance.com) = $18 (trillion), 485 Billion.

2017 U.S. Government Revenue – Source www.thebalance.com) = $3.342 Trillion

$3,342 trillion / $18,485 Trillion = 18%

For 2017, “The federal deficit (SHORTFALL) in 2017 was $665 billion (Another 2/3rd trillion dollars – Source – www.cbo.gov) which would have required the taking of an additional 3.5 percent of gross domestic product, to balance out for the year.

So we’ll use a conservative figure of 21%, are you willing to agree to a flat rate of 21% of your own income being handed over to the Federal Government? Do you believe that if applied to all “Employed” individuals equally, the Federal Government would raise enough income to meet its yearly budgetary expenditures?

It wouldn’t come close.

Though America did first see yearly deficit amounts of more than 1 trillion (nearly 2 trillion in 2010) during the Obama “recovery” period, our yearly deficits will exceed this on a regular basis, in only a few short years’ time.

And our yearly deficits and debts, are simply going to continue to climb (No matter the political affiliation of the Presidents or Politicians in each administration), until they can be propped up no more.

The website taxfoundation.org notes “The share of income earned by the top 1 percent of taxpayers fell to 19.0 percent in 2013. Their share of federal income taxes fell slightly to 37.8 percent”

In some 2015 findings:

The top 1% income earners have nearly a 20% share of Adjusted Gross Income.

Out of 100% of a pie, the top 1% of 2015 American taxpayers paid nearly 38% of the total tax bill.

According to the IRS Statistics of Income, Individual and Tax Share for 2015:

A. The top 5% of income earners in America 2015 paid more than 56% of total income taxes collected for 2015.

To show a blinding contrast:

B. The bottom 50% of income earners in America 2015, paid less than 3% of total income taxes collected for the same year.

Mid-Statistic:

So the Liberal Leftists want the top income earners to pay “more” so the top income earner’s “fair share” is even higher than it is currently, thus reducing the weight on those of more “modest” means?

This is the virus demanding more of its host in a quicker time frame; eventually, killing its host, and itself.

The top 25% of income earners in America 2015, paid more than 86% of all income tax revenue

Let’s rejoin our hypothetical 21% universally applied income tax; comparing this taxation rate with our 2 (A and B) examples above, who’s taking home more money, and who’s going to get sucker punched?

Basic math here will also show you the Federal Government would have collected far less in revenue (oops, taxes) overall; including far less from the top income earners, but exponentially more from those in the lower income brackets. After doing this, you’re still increasing your yearly deficit, which gets tacked onto the National Debt, and this goes on year in and year out.

In comparison to these 2015 figures, you can see why the Federal Government could never agree to such an overall low Fair or Flat, income tax rate of 21%. They’d be even deeper in debt each year; and eventually, that system is going to collapse.

With 25% of the country already footing 86% of the income tax bill, how much more “fair” could this be possibly made, without reducing overall revenues? It can’t.

The Liberal Leftists need to shut up about any “fair share” because the only “fair share” they’re actually interested in, is somebody else’s fair share of the bill, while (under their own systems) their own majority would be paying in even less than they currently are doing.

Simple Economics elude the average Liberal Leftist: it’s not so much basic math that they do not understand, but it is in accepting the realization of what the numbers not only do say, but how that affects all their given “special interests” preferences.

The balancing of an income tax system is tricky enough, but always seeking to punish those who earn more, only causes the producers themselves (Investors, Manufacturers, Owners, Share-Holders and Management) to raise prices on their goods and services, so their profit margins aren’t negatively affected, but your purchase power takes another hit.

The “Fair Share” Myth, is simply a lie.

Economics

Economics is concerned with the production, consumption, and distribution of products and services. Whereas communism is a mix of government structure and an economic system, socialism and capitalism are the primary means by which societies regulate, own and/or control the production, consumption, and distribution of products and services.

Neither system should be oversimplified: as time progresses, mankind has a way of altering and/or redefining such terms, to suit their own particular ideas, needs and/or beliefs; and economics is no different.

Speaking solely for myself, I am a firm believer in free-market capitalism economics, as nothing has proven more effective, in allowing societies to grow and prosper, with a greater propensity for allowing the greatest number of people, to thrive.

For a successful economic system to correctly prosper, the longer we bleed and fleece the producers, the less they’re going to be willing to produce; and the more likely they are to pack up their toys and move out of the country.

WELCOME TO THE RAFON REPORT

What is R.A.F.O.N.?

This acronym stands for the “Rise and Fall of Nations”

What “The R.A.F.O.N. Report” seeks to do, is to encourage conversations comfortably, about many uncomfortable topics and/or subjects. Things that are typically seen as taboo, hands-off, sacred, sacrosanct, etc…

The R.A.F.O.N. Report uses two filters to investigate, disseminate and disburse information: In the grand scheme of things, this is about how Nations, Countries, Empires, and Kingdoms, do rise and fall through the control and/or manipulation of mankind.

In addition to investigating these numerous worldly Nations, Countries, Empires, and Kingdoms, The R.A.F.O.N. Report also seeks to point out and highlight where this same system of control, does infect and affect most of man’s institutions of power, influence and/or control.