Thanks for the tax advice, Leeper

Did you get a load of the David Leeper column in today’s El Paso Times business section?

He is outraged, OUTRAGED, that Obamacare will take from the rich and give to the poor. Or to put it more in his terms, take from the hard-working businessman and give to you lazy roustabouts.

He, without any self-awareness with how ridiculous he sounds, breaks down this alarming new tax destroying our republic.

For those households bringing in more than $250,000 a year (or $125,000 a year if you’re single) you will have to pay a whopping 3.8 percent tax on investment gains after that first $250,000. So not only does the new tax not affect you if you are making less than $250,000 a year, even if you are, it’s 3.8 percent more only on that part above the $250,000 threshold.

To put that 3.8 percent rate that Leeper finds so outrageous in perspective, the sales tax rate in El Paso is 8.25 percent. So you are paying a tax rate of more than twice that level every time you buy some gum.

But Leeper sees this 3.8 percent in Ayn Rand terms: “It is an attempt to redistribute income from those who were fortunate to save money during their lives and are now living partly on investment income.”

Ayn Rand, whose style was only matched by her disgust with the working poor.

Ayn Rand, whose style was only matched by her disgust with the working poor.

“Now living partly on investment income?” Must be tough, barely getting by on income of $250,000 a year, then having to give up 3.8 percent of investment income over that amount. It’s breaking my heart. And how terrible to “redistribute income” when it would be so much more fun to let the poor die in the street.

Leeper ends his anti-Obamacare screed with “it is yet another step in government redistributing our hard-earned income.”

Investment money is hard-earned? Try paving a road sometime, or working in the service industry.

But, fine, if Leeper would rather let people go without health care (they are probably just too lazy to be rich, anyway, right?), then by all means, he is entitled to his opinion. But why is the El Paso Times running his Ayn Rand love letters in the business section under the guise of a column offering tax advice?

Until he starts actually offering tax advice, put him in the Opinion page, where he belongs.

You know what would be extra nice? Maybe a little tax advice for the 99 percent of El Pasoans who are getting by on a little less than $250,000 a year.

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4 Responses to Thanks for the tax advice, Leeper

  1. you rock, jay. exactly right. column had no business on “business.” and your dissection of his points is also fabulous. keep up the good work.

  2. Ken says:

    Jay, you need a real job. You missed the entire point of the article. Love how all of the “poor” people just assume the rich got that way sitting on their ass doing nothing but complaining about how good others have it. You should know that strategy doesn’t work or America would be full of rich people. The wealthy get that way by putting their head down and working their butt off and making smart investments. It is doubtful the wealthy will ever believe it is a good investment to provide health insurance for the free loaders of our society. Government should not be forcing health insurance down our throats. Only a moron believe the government will do health insurance at a lower cost than the system we already have in place. Still waiting for the one single thing the Feds have EVER done cheaper than the original cost projection.

  3. Jay Koester says:

    Uhhh, welcome to the party, Ken. Blogging isn’t a real job? Great, now you tell me.

    If you like “the system we already have in place,” I’m guessing you’ve never been seriously ill. It’s bankrupting for all but the rich. It’s a great system for the rich, but I guess I don’t like the thought of the rest of us dying in the street. I suppose at least then the rich will pitch in to cart our corpses to a ditch somewhere.

    • Ken says:

      Jay, the poor are not dying in the streets now, so why all of the emotion? Will agree the current system is not the best, but government forced health insurance is not the answer. Until we devise a better plan, sometimes its better to do nothing than implement something that will actually be worse than what you had. Spare me the bankruptcy claims when you become seriously ill. Those who can afford it will buy health insurance. Those who truly cannot afford health insurance are only a blown transmission away from bankruptcy anyway. The E.R. bill will never be collected and they know it before they even present themselves in the E.R. The reality is this, for those who could not afford health insurance under the old system, they will never be able to afford it under government run system. Because another dose of reality is this, even with government subsidies to help them acquire health insurance, how do they manage the high deductibles offered under those plans when they really do get sick? Answer, they complain loudly and file bankruptcy anyway. The media is failing to look past the initial cost to purchase health insurance coverage, but what good does it do for you to have the policy if you cannot pay the $2,000 or $2,500 deductible? I understand it stinks to be poor, but I am more interested in those who are making an effort to better themselves. Being jealous of those who have worked hard to earn their place is not a strategy. Government subsidies is not a strategy. Hope is not a strategy. A well conceived plan combined with hard work and the dedication to see it through with an understanding you cannot start on Monday and be finished by Friday! That’s a strategy we can all support!

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