Showing posts with label dead. Show all posts
Showing posts with label dead. Show all posts

Sunday, February 21, 2016

Dead wrong

I believe in this election year, the Republican clown car is filled to overflowing much more so than in years past. And Donald Trump is sitting in the driver's seat.

But under the heading of even a broken clock is right twice a day, I'm going to say something I never thought I'd hear myself say. I agree completely with Marco Rubio, Ted Cruz and Donald Trump about one thing: eliminating the estate tax.

I've never been much for labels, but if I had to put one on myself (besides "do not feed" and "wash only in hot water") I'd call myself a centrist Democrat. Another thing I've never been much for? Falling in step with the party line, especially positions I don't agree with. And on this one issue, both Hilary and Bernie are dead wrong.

This isn't a new position for me. I first posted about it here a little over five years ago, although not in any great detail. But the reality for me, and I imagine a lot of other people, is that I'm not feeling particularly under-taxed. During my working life, the government hasn't missed any opportunity to reach its greedy, mismanaged, politically-motivated, oversight-free fingers into my paycheck and take my hard-earned (well, hard-earned if I had a real job) money.

Whenever the time comes, and I finally catch the last train out, there's no reason my children should be taxed on what I spent a lifetime building (and paying taxes on) so they could have a better life when I'm gone. Any person who builds a business, savings, real estate or portfolio during their lifetime - and pays taxes on it all along the way - shouldn't have it all taken away or wiped out because the government wants it's share, again, when you finally take the big dirtnap.

In 2016, estates exceeding $5,450,000 in value are currently the only ones who pay the tax, which means most people don't. But that number isn't written in stone. It's written in the legislative branch and that makes it subject to change. As you can see on the chart, Hillary and Bernie both want to lower the threshold to $3.5 million. Who's to say if the government needs a little more money, maybe the next administration lowers it even further.

Here's the truth: most of the millionaires who do have to pay it actually worked hard and earned their fortunes. They didn't inherit it. They shouldn't have to pay a penalty because they succeeded, and neither should their families. The battle cry that they can afford it so they should pay it is pure nonsense designed to create class war. Do you want the government taxing or taking away what you've earned? Didn't think so.

When it comes to government, I've been taught there are some truths we hold to be self-evident. One of them should be that it's fundamentally and morally wrong to have an estate tax in the first place. It's double taxation any way you slice it, and it de-incentivizes and deters people who would otherwise bring valuable contributions and ideas to the world. It also encourages offshore shelters and keeps money flowing out of the country.

The fact there's even an estate tax at all reminds me of a line in the movie Quiz Show, when one of the characters says, "It's not exactly Jefferson and Lincoln down there anymore."

Ain't that the truth.

Saturday, January 24, 2015

Spaced out

What's the difference between a giant asteroid, comet and meteor hitting the earth? The answer is you're dead.

This Monday, an asteroid, which, I don't have to tell you, consists of metals and rocky material, is going to pass by earth fairly close in astronomical terms. It'll come within 745,000 miles of us, and should be visible with clear skies and an expensive pair of binoculars.

Just like Linkin Park at Greensboro Coliseum.

This particular asteroid has the unfortunate name of 2004 BL86, which only tells me that whoever names these things really needs to hire an agency do a naming exploration, as well as commercials for the fly by.

One agency might create an animated asteroid character along the lines of Mr. Mucinex or the RAID bugs. They could call it something clever that tests well, like Mr. Asteroid.

Another might use a D-list celebrity in an asteroid costume, warning us of the close proximity. Kathy Griffin, keep your phone line open.

I'm sure there's also any number of westside shops ready with a bearded hipster, deadpan, obscure reference-filled, dripping with irony spot where the only thing the wardrobe person has to worry about is which t-shirt goes with which pair of faded jeans and knit cap.

For all our sake, let's hope that asteroid isn't as far off course as I'm off topic.

At any given time, as the chart to the left frighteningly shows, there are hundreds of asteroids with bad aim trying to reunite us with the dinosaurs. And these are just the ones we know about.

Scientists refer to a potentially catastrophic asteroid strike as an EEE: earth extinction event. It could take a couple forms. It might hit us so hard it'd kick up a dust and dirt cloud blocking out the sun for centuries, making the air unbreathable and killing all life on earth. Or it might just hit the earth so hard it knocks it out of its orbit, and on a path straight towards the sun (stock up on SPF 1,000,000 now).

Maybe there's a scenario where it doesn't hit us at all, but just flies by super close. If the timing's right, it'd be a great way to open next year's Tournament of Roses parade. Followed by the stealth bomber of course.

I'm personally of the belief that if one were on course to wipe us out, the government wouldn't tell us for fear of panic in the streets. And really, the panic would be misplaced because unless you're Richard Branson, you really don't have a way off the planet in time to avoid it. I know there are a lot of secrets the government keeps that it shouldn't, but I'd be fine not knowing. One minute I'm sitting in my living room watching my 12th binge of Breaking Bad, the next minute I'm dust. Lights out. The really sad thing is the house probably wouldn't look much worse than it does now.

Fascination with our own demise is nothing new. Hollywood's had a great time of it for years, making movies like Armageddon where Bruce Willis and crew save earth from the asteroid. I've seen the movie. I think being wiped out by the asteroid would be more entertaining.

If you're looking for how popular keeping an eye on asteroids has become, you don't need a telescope to see it. NASA Jet Propulsion Laboratory (JPL) whose job is to keep an eye on these things has an asteroid watch page and Twitter feed (@AsteroidWatch). There's also an Asteroid Watch app , so while you're updating your Facebook status on your smartphone you can also check how long until you take the big dirtnap.

It's like my art director partner Pete Andress used to say: we hang by a thread. None of us know when the hit is coming. So I guess the point is to stop our petty fighting, get our priorities straight, love each other, and just enjoy it all while we're here.

Right after we up the homeowner's insurance.