A Message From Lucianne  







S-G1




























ST-GC



        
 

 
Home Page | Latest Posts | Links | Must Reads | Update Profile | RSS | Contribute | Register | Rules & FAQs
Privacy Policy | Search | Post | Contact | Logout | Forgot Password | Search Using Google


  Topic: The Twinkie Manifesto
Change your user profile.
If you are having trouble posting, please take the time to register.
Your User Name :
Your Password
  I forgot my password
Your Reply  :
Preview Reply     Post Reply
The Twinkie Manifesto
New York Times, by Paul Krugman

Original Article

Posted By:woofwoofwoof, 11/19/2012 11:57:19 AM

The Twinkie, it turns out, was introduced way back in 1930. In our memories, however, the iconic snack will forever be identified with the 1950s, when Hostess popularized the brand by sponsoring “The Howdy Doody Show.” And the demise of Hostess has unleashed a wave of baby boomer nostalgia for a seemingly more innocent time. Needless to say, it wasn’t really innocent. ... in the 1950s incomes in the top bracket faced a marginal tax rate of 91, that’s right, 91 percent, while taxes on corporate profits were twice as large, relative to national income, as in recent years. The

Comments:
Once again Krugman shows he has totally lost it. That 91 percent rate caused the rich to hide their income and avoid taxes altogether. THAT´S why the rate was decreased - and collections increased. Maroon.

      


Post Reply  

Reply 1 - Posted by: archtheduke, 11/19/2012 12:00:41 PM     (No. 9023677)

This guy is a Nut Job with a short memory. First of all, we were coming out of a World War in the 50´s and I´m pretty sure most everyone was paying taxes. Spending domestically was low and we didn´t have the Welfare State we do today. Does this guy EVER utter the words "Reduce Spending"???

  Click Here if you Like this Comment

   1  person like this.


Reply 2 - Posted by: nycvoter, 11/19/2012 12:01:28 PM     (No. 9023681)

Except that there were all kinds of legal tax shelters that allowed you to keep your effective tax rate much lower. This guy should be send to north korea.

  Click Here if you Like this Comment

   1  person like this.


   

 

R-G1
  
R-VAR_AD


 
Reply 3 - Posted by: steveW, 11/19/2012 12:03:37 PM     (No. 9023687)

Progress. Maybe in his next column Nobel Prize Krugman will come out of the closet and admit what Democrats actually want: a 100% tax rate on all Republicans. Why stop at 91% Paul, when that´s soooo not compassionate enough?

  Click Here if you Like this Comment

   1  person like this.


Reply 4 - Posted by: JimS, 11/19/2012 12:04:00 PM     (No. 9023688)

If we want to go back to the 1950´s, we were also battling communists abroad and communist sympathizers at home. let´s bring all that back, too. FBI security checks, loyalty oaths, blacklisting, surveillance of communist sympathizers.
I suspect Paul Krugman would be blacklisted out of his job.

  Click Here if you Like this Comment

   1  person like this.


Reply 5 - Posted by: tomanderson61, 11/19/2012 12:04:54 PM     (No. 9023690)

I am so sick of this moron.

No one, I mean NO ONE paid those high tax rates.

1) There were tons more deductions
2) There were many more loopholes
3) When I started paying taxes, just in the early 80s, one example of many, you could deduct 100%, yes that is 100%, of your credit card interest!

When I was a kid and my dad first explained taxes to me, that would be early 60s, he said, "The government takes somewhere between a third and half your salary". This was the common rule of thumb. Self-employed usually socked away a third of their salary to cover their taxes. This was what my mom did, who had her own small accounting business, from 1963 to 1973.



  Click Here if you Like this Comment

   1  person like this.


Reply 6 - Posted by: Jethro bo, 11/19/2012 12:20:42 PM     (No. 9023719)

Paul, you ignorant slob. To get to the booming 50s we would have to spend trillions just like the US did in the 40s. Remember we bombed all our competition into the stone ages in the forties? There was no competition so capital and labor was concentrated in the US. So of course our economy boomed. Today, much as the socialist want to believe, if we raise tax rates and allow unlimited union participations, there wouldn´t be a US. Cause all the money and jobs would be in countries that like rich folks that supply jobs.

  Click Here if you Like this Comment

   1  person like this.


Reply 7 - Posted by: Lawsy0, 11/19/2012 12:24:11 PM     (No. 9023726)

The Almighty Union killed the Twinkie as surely as it killed Chevrolet, GM, Chrysler, Jeep, etc., etc. (Ford didn´t drink the Kool-Aid, but got blamed for it anyway.) Hate Krugman nearly as much as I hate what the unions have become.

  Click Here if you Like this Comment

   1  person like this.


   

 

  


 
Reply 8 - Posted by: bpl40, 11/19/2012 12:27:13 PM     (No. 9023732)

Why is he leaving 9% back? Take it all. Since 11/06/2012, it is scum like you who define ´fairness´ anyway.

  Click Here if you Like this Comment

   1  person like this.


Reply 9 - Posted by: The Architect, 11/19/2012 12:30:05 PM     (No. 9023738)

And the word "Twinkie" has a very different meaning to Krugman.

  Click Here if you Like this Comment

    2 persons like this.


Reply 10 - Posted by: Wetlandz, 11/19/2012 12:32:50 PM     (No. 9023745)

Folks you need to Read all the lib comments below for insight into the warped minds of educated libs. They are the party of grievance nothing more.



  Click Here if you Like this Comment

   1  person like this.


Reply 11 - Posted by: woofwoofwoof, 11/19/2012 12:43:31 PM     (No. 9023763)

btw, K-man is also nutz if he thinks "Atlas Shrugged" is about 1950s Eisenhower America.

  Click Here if you Like this Comment

   1  person like this.


Reply 12 - Posted by: rinohunter, 11/19/2012 12:48:13 PM     (No. 9023782)

I took the advice of one of the posters and read the comments at the end of the article. Conclusion: Liberals are not only mentally ill, they are dangerously deranged.

  Click Here if you Like this Comment

   1  person like this.


   

 

B-G1


 
Reply 13 - Posted by: krause, 11/19/2012 12:55:11 PM     (No. 9023806)

Yes, some of the ´rich´ are greedy and obnoxious. Most highly execs, though, are paid on productivity. If they can bring the company big bucks, then they will be paid big bucks.

I believe the real issue is...why are there so many poor? What life decisions did they make, or not make, to put them in the positions they are in? There is still a lot of opportunity in this country to be financially successful. They are a drag on our economy. Why? They are the ones we should be concentrating on.

  Click Here if you Like this Comment

   1  person like this.


Reply 14 - Posted by: civilservant, 11/19/2012 1:02:31 PM     (No. 9023819)

Krugman, a Princeton, NJ resident(well, his wealthy wife owns the home there) is a fool.
There are many many large homes in Princeton that were put up by the accountants who hid that wealth during the %91 rates era.


  Click Here if you Like this Comment

   1  person like this.


Reply 15 - Posted by: hotrod, 11/19/2012 2:06:33 PM     (No. 9023941)

The higher tax rates are still being paid. Now they are imposed in the form of EPA, OSHA, and all the other government agencies stacks of rules, regulations and laws. Back in the ´50s, business was easier and less expensive to start and operate. People were smarter too: They didn´t have to be told that coffee could burn them, etc.

All those government agencies that write the laws, rules and regulations have been a boon to lawyers. The government fines companies and then blows the money in other areas. The Gulf oil spill money from BP is going to the government coffers- not to the people hurt by the spill.

  Click Here if you Like this Comment

   1  person like this.


Reply 16 - Posted by: stoli, 11/19/2012 2:45:21 PM     (No. 9024010)

Paul Krugman is our Howdy Doody!

  Click Here if you Like this Comment

   1  person like this.


Reply 17 - Posted by: Question_Assumptions, 11/19/2012 3:47:32 PM     (No. 9024111)

Let´s get this out of the way first... Krugman is lying.

I´ve been seeing this admiration for the 91% top marginal rate and smaller disparity of earnings in the 1950s, often combined with the simpleton liberal cackling about how the economy was booming despite that 91% top tax rate that kicked in pretty quickly. So I took a look into it and here´s what they aren´t telling you....


First, executives and other white collar workers weren´t living a life of austerity. Companies and executives evaded the top margial tax rates through expense accounts and company benefits that includes mansions, servants, vacation homes, and yacts. A 1958 Yale Law Journal article titled "Expense Accounts for Executives" by V. Henry Rothschild and Rudolf Sobernheim conservativele estimated expense account spending at $5 billion, evading $1-2 billion in taxes, allowing executives to live well beyond their salary means. What they fail to realize is that those loopholes were closed as rates went down.

Second, the economy of the 1950s boomed because the US was running a massive trade surplus, thanks to much of Europe and Japan having been bombed flat by WW2.

So if they want to replicate the miracle of the 1950s, all we need to do is put all of those loopholes back, raise the top rate back to 91%, and then bomb Europe and Asia flat. Think Obama and the rest of the left will go for that plan?

  Click Here if you Like this Comment

   1  person like this.


   

 

R_DBL_B
  


 
Reply 18 - Posted by: Bla Bla, 11/19/2012 4:05:17 PM     (No. 9024135)

I can´t quit thinking about the scene in Paternity when Burt Reynolds´ character (newly transformed into a nutrition Nazi) sets a Twinkie on the rail of (I think the Staten Isle Ferry) and tells a pregnant Beverly D´Angelo:

"See this? There are so many preservatives in this thing, I could leave this here & it will still be standing after this Ferry has been reduced to rust. Don´t eat it."
(loose paraphrasing)

She rolls her eyes. Hmmmm . . . I WONDER if that´s why he never got anymore work? (pun intended)

  Click Here if you Like this Comment

   1  person like this.


Reply 19 - Posted by: Grambo, 11/19/2012 4:10:28 PM     (No. 9024146)

Despite many invitations to do so, Krugman has yet to name a country that taxed its way to prosperity.

If a 91% rate is OK, is there a rate that´s too high?

If 91% is OK for the rich (their fair share) and the constitution provides that all citizens are equal before the law, then 91% is OK for all.

  Click Here if you Like this Comment

   1  person like this.


Reply 20 - Posted by: LadyVet, 11/19/2012 6:36:43 PM     (No. 9024339)

#11 beat me to the punch. Krugman´s understanding of "Atlas Shrugged" is just as warped as his understanding of taxes and economics. He operates in a totally altered state of being.

  Click Here if you Like this Comment

   1  person like this.


Reply 21 - Posted by: Rumblehog, 11/19/2012 8:36:50 PM     (No. 9024507)

The "rich" don´t have "income" to be taxed on, they have wealth.

  Click Here if you Like this Comment

   1  person like this.


Reply 22 - Posted by: Trigger2, 11/20/2012 4:13:44 AM     (No. 9024763)

I´ll start listening to Krug the Thug when he volunteers to turn over 91% of his earnings to the IRS. That includes his muliple tax shelters.

  Click Here if you Like this Comment

   1  person like this.


   

 



 

Post Reply   Close thread 712627




Below, you will find ...

Most Recent Articles posted by "woofwoofwoof"

and

Most Active Articles (last 48 hours)




Most Recent Articles posted by "woofwoofwoof"



Cronut-maker shut down
for mouse infestation: Report
CNBC, by Staff    Original Article
Posted By: woofwoofwoof- 4/6/2014 9:51:18 PM     Post Reply
Dominique Ansel Bakery, home of the original cronut, was shut down by the New York City Department of Health on Friday after a customer shot video of a mouse roaming the bakery´s floors, which was originally reported by Gothamist. "The establishment was closed by the department because of a severe mouse infestation that requires professional pest control services," a department spokesperson told Gothamist on Friday. When asked by CNBC about the mandated closure, a representative for the bakery denied the reported infestation, saying it was "targeted" and being looked at under a "tremendous microscope."

Mt.Gox says it found 200,000 bitcoins
in ´forgotten´ wallet
Reuters, by Staff    Original Article
Posted By: woofwoofwoof- 3/21/2014 1:31:09 AM     Post Reply
Mt.Gox said on Friday it found 200,000 "forgotten" bitcoins on March 7, a week after the Tokyo-based digital currency exchange filed for bankruptcy protection, saying it lost nearly all the 850,000 bitcoins it held, worth some $500 million at today´s prices. Mt.Gox made the announcement on its website. Online sleuths had noticed around 200,000 bitcoins moving through the crypto-currency exchange after the bankruptcy filing.

Head of online currency exchange
found dead in Singapore
CNBC, by Javier E. David    Original Article
Posted By: woofwoofwoof- 3/5/2014 12:30:36 PM     Post Reply
Autumn Radtke, the CEO of an upstart bitcoin exchange, died last week under mysterious circumstances at her home in Singapore. Radtke, the U.S.-born head of First Meta, was found dead by local police on Feb. 28, with the cause of death yet to be determined. In a tatement on its website, First Meta said the company "was shocked and saddened by the tragic loss of our friend and CEO Autumn Radtke." In an interview with The Wall Street Journal, the company´s director and nonexecutive chairman, Douglas Abrams, said the exact cause of Radtke´s demise was "still under investigation."

The phone that even muggers don´t want
CNBC, by Kelli B. Grant    Original Article
Posted By: woofwoofwoof- 12/30/2013 8:21:57 PM     Post Reply
The going rate for flip phones is so low that even thieves reject them. According to a report in the New York Post, a Central Park mugger returned his victim´s cellphone when he saw that it was an older-model flip phone. "I guess he didn´t think he could get anything for it," the victim told the Post. Probably not. "Flip phones, or feature phones, do not have that much resale value anymore," said Anthony Scarsella, chief gadget officer for trade-in site Gazelle.com.

Caught in unemployment´s revolving door
New York Times, by Annie Lowrey    Original Article
Posted By: woofwoofwoof- 11/17/2013 9:24:06 PM     Post Reply
On a cold October morning, just after the federal government shutdown came to an end, Jenner Barrington-Ward headed into court in Boston to declare bankruptcy. (Snip) It has been a painful slide. A five-year spell of unemployment has slowly scrubbed away nearly every vestige of Ms. Barrington-Ward's middle-class life. She is a 53-year-old college graduate who worked steadily for three decades. She is now broke and homeless. Ms. Barrington-Ward describes it as "my journey through hell." She was laid off from an administrative position at the Massachusetts Institute of Technology in 2008;

Bacon triptych sells for record
$142.4 million at auction
Reuters, by Staff    Original Article
Posted By: woofwoofwoof- 11/13/2013 2:54:26 AM     Post Reply
Francis Bacon´s painting "Three Studies of Lucian Freud" became the most expensive work of art ever sold when it fetched $142.4 million in one of the biggest auctions in history at which Christie´s sold more than $691 million worth of art. Bacon´s 1969 triptych, never before offered at auction and which carried a pre-sale estimate of about $85 million, easily eclipsed the $119.9 million price of Edvard Munch´s "The Scream," achieved in May last year at Sotheby´s.

Accountability means
making Obamacare voluntary
CNBC, by Michele Bachmann    Original Article
Posted By: woofwoofwoof- 11/1/2013 11:47:40 PM     Post Reply
The old adage "a picture is worth a thousand words" was on full display during HHS Secretary Kathleen Sebelius´s testimony on Capitol Hill Wednesday. The television showed a split screen. On one side was the Secretary proclaiming that Healthcare.gov has never crashed. On the other side was an image of the crashed Obamacare website, which was down for the duration of her three hour testimony before the House Energy and Commerce Committee. The split screen picture said it all: The Obama administration says one thing; the facts say the opposite. There's no more striking example of this than



Most Active Articles (last 48 hours)



White House blames fox for
destroying Michelle’s garden

45 replie(s)
Daily Caller, by Vince Coglianese    Original Article
Posted By: Pluperfect- 4/18/2014 3:59:04 PM     Post Reply
The White House is going to war with another fox — and this time, it’s personal. The Wall Street Journal reports that a red fox has been causing chaos around the White House, tripping security alarms, digging up Michelle’s garden and distracting the president from his duties. The Secret Service won’t give any details about how often the fox trips the White House’s obviously sophisticated security alarms, but rest assured, officials say, they’re watching. President Obama was apparently “stunned” to see the fox roaming freely down the oft-photographed White House colonnade, home to the world’s shortest, but most dramatic, outdoor strolls. The bushy-tailed visitor

Students Demand Acknowledgement of
Robert E. Lee´s ´Racist and Dishonorable Conduct´

43 replie(s)
Breitbart´s Big Government, by AWR Hawkins    Original Article
Posted By: Desert Fox- 4/18/2014 12:35:28 PM     Post Reply
A group of seven multiracial Washington and Lee University (W&L) students are demanding the school remove all Confederate flags from campus and "acknowledge" General Robert E. Lee´s "dishonorable side." According to the Roanoke Times, "seven multiracial students, calling themselves ´The Committee,´" have also demanded the school "acknowledge and apologize for participating in chattel slavery." They want recognition of "Martin Luther King Jr. Day on the undergraduate campus" and an end to "neo-Confederates" marching across campus "to the Lee Chapel on Lee-Jackson Day." The students say they will "engage in civil disobedience" if their demands are not met by September 1st. They added: "The

Living in the New York Times World
39 replie(s)
American Thinker, by J. Paul Masko    Original Article
Posted By: magnante- 4/19/2014 7:48:36 AM     Post Reply
I began reading the entirety of the first section of the New York Times at nine years old, and continued that practice, more or less, for decades.(snip) ...the power of reverence, intrinsic to what I call the “cascade” of The Times: the near avalanche-like flow and distribution of information through electronic and print networks: through like-minded network newscasts, magazines, local newspaper s, blogs, daytime talk TV, late-night entertainment, statements at media award ceremonies, the celebrity Twitterverse, etc. The cascade rolls through Saturday Night Live, Jon Stewart, The New Yorker, the mouths of third-grade teachers, Elmo, Madonna and Susan Sarandon …through

´America´s royal baby´: How Chelsea´s first
child could give Hillary Clinton a boost in
the polls if she runs for president in 2016

39 replie(s)
Daily Mail (U.K.), by Jessica Jerreat    Original Article
Posted By: Desert Fox- 4/19/2014 7:12:10 PM     Post Reply
For Hillary Clinton, having her own baby grandchild to kiss on the campaign trail, could be one of the biggest boosts to her possible presidential election campaign. Although the former Secretary of State and First Lady has not said if she will run in 2016, the arrival of her first grandchild will soften her image, analysts have said. While Chelsea only revealed her pregnancy on Thursday, supporters of her mother have already started cooing over a possible baby in the White House. With the Clintons having a near-royal status in the U.S., the announcement of a new arrival due this fall has sent

In a Hole, Golf Considers
Digging a Wider One

32 replie(s)
New York Times, by Bill Pennington    Original Article
Posted By: Pluperfect- 4/19/2014 10:48:33 AM     Post Reply
GREENSBORO, Ga. — Golf holes the size of pizzas. Soccer balls on the back nine. A mulligan on every hole. These are some of the measures — some would say gimmicks — that golf courses across the country have experimented with to stop people from quitting the game. Golf has always reveled in its standards and rich tradition. But increasingly a victim of its own image and hidebound ways, golf has lost five million players in the last decade, according to the National Golf Foundation, with 20 percent of the existing 25 million golfers apt to quit in the next few years. People under 35 have especially spurned the game, saying it takes too

Obama: ´For me, Easter is a story of hope,
a belief in a better day to come´

30 replie(s)
Investor´s Business Daily, by Andrew Malcolm    Original Article
Posted By: SurferLad- 4/19/2014 9:16:36 AM     Post Reply
Hi, everybody. For millions of Americans, this time of year holds great meaning. Earlier this week, we hosted a Passover Seder at the White House, and joined Jewish families around the world in their re-tellings of the story of the Exodus and the victory of faith over oppression. And this Sunday, Michelle, Malia, Sasha, and I will join our fellow Christians around the world in celebrating the Resurrection of Christ, the salvation he offered the world, and the hope that comes with the Easter season. These holy days have their roots in miracles that took place long ago. And yet, they still inspire us, guide us, and strengthen us today. They remind us of our

Harry Reid calls dissident Nevada ranchers
´domestic terrorists´ following show of
force against the federal government

30 replie(s)
Daily Mail [UK], by David Martosko    Original Article
Posted By: Attercliffe- 4/19/2014 9:29:17 AM     Post Reply
Senate Majority Leader Harry Reid said Thursday that a family of dissident ranchers and their supporters in his home state of Nevada are ´domestic terrorists,´ citing this week´s standoff with the federal government´s Bureau of Land Management. Cliven Bundy has refused to pay grazing fees for land where his hundreds of cattle roam every day. The land is owned by the federal government, which says he owes more than $1 million. Bundy, however, insists that since his family has been using the land since the 1870s, Uncle Sam can´t collect the grazing fees. A tense standoff developed this week after

   

Post Reply   Close thread 712627





Home Page | Latest Posts | Links | Must Reads | Update Profile | RSS | Contribute | Register | Rules & FAQs
Privacy Policy | Search | Post | Contact | Logout | Forgot Password | Search Using Google


© 2014 Lucianne.com Media Inc.

~~~c~~~