Comments on: Yglesias Goes Kos on Small Business http://www.outsidethebeltway.com/archives/yglesias_goes_kos_on_small_business/ Online Journal of Politics and Foreign Affairs Wed, 25 Nov 2009 19:07:43 -0600 http://wordpress.org/?v=2.8.5 hourly 1 By: Blind Mind's Eye http://www.outsidethebeltway.com/archives/yglesias_goes_kos_on_small_business/comment-page-1/#comment-43131 Blind Mind's Eye Sun, 17 Apr 2005 01:57:51 +0000 /?p=10075#comment-43131 <strong>Matthew Yglesia should just get over his hatred of the rich</strong> In an astoundingly bad leap of logic, Matthew Yglesia like many so-called liberals cannot get over his hatred of the very rich long enough to realize the implication of his own proposal: Speaking of which, fuck the small businessman. This is exact... Matthew Yglesia should just get over his hatred of the rich
In an astoundingly bad leap of logic, Matthew Yglesia like many so-called liberals cannot get over his hatred of the very rich long enough to realize the implication of his own proposal:

Speaking of which, fuck the small businessman. This is exact...

]]> By: Michelangelo http://www.outsidethebeltway.com/archives/yglesias_goes_kos_on_small_business/comment-page-1/#comment-43068 Michelangelo Sat, 16 Apr 2005 01:28:35 +0000 /?p=10075#comment-43068 Oh, and Yglesias' "Paris Hilton" argument is bullshit too. So what if she was lucky enough to be born a Hilton? That's how life goes. It is not the place of the government to enforce some twisted notion of "fairness" when it comes to who one's daddy is. Oh, and Yglesias' "Paris Hilton" argument is bullshit too. So what if she was lucky enough to be born a Hilton? That's how life goes. It is not the place of the government to enforce some twisted notion of "fairness" when it comes to who one's daddy is.

]]> By: Michelangelo http://www.outsidethebeltway.com/archives/yglesias_goes_kos_on_small_business/comment-page-1/#comment-43066 Michelangelo Sat, 16 Apr 2005 01:25:03 +0000 /?p=10075#comment-43066 So what happens to a retail business like my dad's that is worth (on paper) a little over $1 million but generates barely enough income for him to maintain a middle-class lifestyle? When he passes on, the 'estate tax' will essentially destroy it. His employees (several of whom are working there to help pay their way through college) will all be out of work, and my siblings and I will be, well, f--ked. That should make that prick Yglesias happy, as another small business built from scratch with real blood, sweat, and tears is obliterated by a gigantically stupid tax policy he favors. So what happens to a retail business like my dad's that is worth (on paper) a little over $1 million but generates barely enough income for him to maintain a middle-class lifestyle? When he passes on, the 'estate tax' will essentially destroy it. His employees (several of whom are working there to help pay their way through college) will all be out of work, and my siblings and I will be, well, f--ked. That should make that prick Yglesias happy, as another small business built from scratch with real blood, sweat, and tears is obliterated by a gigantically stupid tax policy he favors.

]]> By: bud http://www.outsidethebeltway.com/archives/yglesias_goes_kos_on_small_business/comment-page-1/#comment-43015 bud Fri, 15 Apr 2005 17:26:15 +0000 /?p=10075#comment-43015 pgl- It's really amazing what you can "prove" when you pluck numbers out of your ass, and assume criminal behavior on the part of the actors. A farm which is producing $10M/yr in profit is, at today's prime rate, worth more than $100M, closer to $140M. Any appraiser who wants to stay out of jail won'l lowball it more than 10-15%. This sets the tax bill at over $60M. 5% interest? What dreamland are you living in? 7-7.5%, which makes the interest, let alone *ever* paying it off, ~$4.25M. A late frost one year, little rain the next and a big flood the third and the kids got bupkis. But the gubmint has $60M. See, I can pick numbers out of my ass, too. pgl-
It's really amazing what you can "prove" when you pluck numbers out of your ass, and assume criminal behavior on the part of the actors.

A farm which is producing $10M/yr in profit is, at today's prime rate, worth more than $100M, closer to $140M. Any appraiser who wants to stay out of jail won'l lowball it more than 10-15%. This sets the tax bill at over $60M. 5% interest? What dreamland are you living in? 7-7.5%, which makes the interest, let alone *ever* paying it off, ~$4.25M. A late frost one year, little rain the next and a big flood the third and the kids got bupkis. But the gubmint has $60M.

See, I can pick numbers out of my ass, too.

]]> By: pgl http://www.outsidethebeltway.com/archives/yglesias_goes_kos_on_small_business/comment-page-1/#comment-43009 pgl Fri, 15 Apr 2005 17:07:49 +0000 /?p=10075#comment-43009 Incidentally, James commented over at Angrybear under my post. James - please re-read my first sentence as well as my comment. The argument who put forth here is simply wrong. But you repeat the argument??? Incidentally, James commented over at Angrybear under my post. James - please re-read my first sentence as well as my comment. The argument who put forth here is simply wrong. But you repeat the argument???

]]> By: Tomas Kohl http://www.outsidethebeltway.com/archives/yglesias_goes_kos_on_small_business/comment-page-1/#comment-42984 Tomas Kohl Fri, 15 Apr 2005 14:35:27 +0000 /?p=10075#comment-42984 <strong>Annals of compassionate liberalism</strong> WHY WE FIGHT... It's easy to get coddled by liberals and their bleeding compassion... heart full of understanding... or whatnot. When it comes down hard, cold reality, however, they oftentimes fall short of expectations. Matthew Yglesias, the young... Annals of compassionate liberalism
WHY WE FIGHT... It's easy to get coddled by liberals and
their bleeding compassion... heart full of understanding... or whatnot.
When it comes down hard, cold reality, however, they oftentimes fall
short of expectations. Matthew Yglesias, the young...

]]> By: bryan http://www.outsidethebeltway.com/archives/yglesias_goes_kos_on_small_business/comment-page-1/#comment-42962 bryan Fri, 15 Apr 2005 02:10:05 +0000 /?p=10075#comment-42962 Daniel, No. Considering that none of my parents went to college. Daddy works construction through the IBEW union hall and mom works in a cardiology lab where she started 30 years ago when they didn't require college degrees to do her job. Of course, I've been working wages for long enough to know Matt's little Ivy League education doesn't mean a whole helluva lot in the way of common sense. OTOH, I do own stock in a small newspaper, and I've worked on the "owner" end of things enough to know I'm not the entrepreneur. Daniel,

No. Considering that none of my parents went to college. Daddy works construction through the IBEW union hall and mom works in a cardiology lab where she started 30 years ago when they didn't require college degrees to do her job.

Of course, I've been working wages for long enough to know Matt's little Ivy League education doesn't mean a whole helluva lot in the way of common sense.

OTOH, I do own stock in a small newspaper, and I've worked on the "owner" end of things enough to know I'm not the entrepreneur.

]]> By: A Stitch in Haste http://www.outsidethebeltway.com/archives/yglesias_goes_kos_on_small_business/comment-page-1/#comment-42953 A Stitch in Haste Fri, 15 Apr 2005 00:09:01 +0000 /?p=10075#comment-42953 <strong>Estate Tax = Inheritance Tax = Bad Tax</strong> Matthew Yglesias is -- as usual -- 100% wrong when he tries to rationalize the death tax by re-labeling it as an "inheritance tax."? I might be an earnest, har... Estate Tax = Inheritance Tax = Bad Tax
Matthew Yglesias is -- as usual -- 100% wrong when he tries to rationalize the death tax by re-labeling it as an "inheritance tax."?
I might be an earnest, har...

]]> By: Daniel Runsfeld http://www.outsidethebeltway.com/archives/yglesias_goes_kos_on_small_business/comment-page-1/#comment-42951 Daniel Runsfeld Thu, 14 Apr 2005 23:37:03 +0000 /?p=10075#comment-42951 Bryan: Spoken like a person that is a bit full of himself. Did daddy get you your job as well? Bryan:

Spoken like a person that is a bit full of himself. Did daddy get you your job as well?

]]> By: Daniel Runsfeld http://www.outsidethebeltway.com/archives/yglesias_goes_kos_on_small_business/comment-page-1/#comment-42950 Daniel Runsfeld Thu, 14 Apr 2005 23:32:10 +0000 /?p=10075#comment-42950 Poor Paris Hilton! Why shouldn't the kids get a job? This is what you'd advocate for a welfare mom. Why the double standard? Perhaps we should all start with roughly the same initial endowment. Economic Democracy! Poor Paris Hilton! Why shouldn't the kids get a job? This is what you'd advocate for a welfare mom. Why the double standard?

Perhaps we should all start with roughly the same initial endowment. Economic Democracy!

]]> By: pgl http://www.outsidethebeltway.com/archives/yglesias_goes_kos_on_small_business/comment-page-1/#comment-42939 pgl Thu, 14 Apr 2005 21:40:13 +0000 /?p=10075#comment-42939 Let's see. I own a farm worth $100 million as it generates $10 million in operating profits per year. I give it to the kids and have some appraiser claim it's worth only $40 million. Tax bill? About $20 million. So the kids have to borrow that and pay 5% interest or $1 million per year in interest expenses. Their income will only be $9 million a year. How will they survive? Simply put, this family farm argument does not hold water. Let's see. I own a farm worth $100 million as it generates $10 million in operating profits per year. I give it to the kids and have some appraiser claim it's worth only $40 million. Tax bill? About $20 million. So the kids have to borrow that and pay 5% interest or $1 million per year in interest expenses. Their income will only be $9 million a year. How will they survive? Simply put, this family farm argument does not hold water.

]]> By: Jem http://www.outsidethebeltway.com/archives/yglesias_goes_kos_on_small_business/comment-page-1/#comment-42892 Jem Thu, 14 Apr 2005 18:25:26 +0000 /?p=10075#comment-42892 Of course Matt and his fellows care for the little guy! So much so that they advocate policies that create more of them and make them increasingly dependent upon government for their well-being. And who does a better job of taking care of people than the government, right? Of course Matt and his fellows care for the little guy! So much so that they advocate policies that create more of them and make them increasingly dependent upon government for their well-being. And who does a better job of taking care of people than the government, right?

]]> By: bryan http://www.outsidethebeltway.com/archives/yglesias_goes_kos_on_small_business/comment-page-1/#comment-42889 bryan Thu, 14 Apr 2005 18:20:15 +0000 /?p=10075#comment-42889 <em>Speaking of which, f--- the small businessman.</em> You think that will show up on any Democratic campaign posters in the next election? Yglesias is showing an inability to grasp the nuances of business finance indicative of someone who works for a paycheck from someone else. Speaking of which, f--- the small businessman.

You think that will show up on any Democratic campaign posters in the next election?

Yglesias is showing an inability to grasp the nuances of business finance indicative of someone who works for a paycheck from someone else.

]]> By: Isaac Schrödinger http://www.outsidethebeltway.com/archives/yglesias_goes_kos_on_small_business/comment-page-1/#comment-42883 Isaac Schrödinger Thu, 14 Apr 2005 18:12:01 +0000 /?p=10075#comment-42883 <strong>Immoral Tax Policy</strong> A person likely goes to school, then finds work. Property is bought and a life is lived. The entire time Immoral Tax Policy
A person likely goes to school, then finds work. Property is bought and a life is lived. The entire time

]]> By: mnslog http://www.outsidethebeltway.com/archives/yglesias_goes_kos_on_small_business/comment-page-1/#comment-42875 mnslog Thu, 14 Apr 2005 17:25:48 +0000 /?p=10075#comment-42875 <strong>Entitlement</strong> Via James Joyner, we learn of welfare-state apologist blowhard Matthew Yglesias's idiotic sentiments on small businesses and... Entitlement
Via James Joyner, we learn of welfare-state apologist blowhard Matthew Yglesias's idiotic sentiments on small businesses and...

]]>