VOTE FOR PAUL RYAN [Well, Unless You're NOT A Millionaire]

This weekend Mitt Romney has made a point of touring around some conservative states to introduce [and "show off"] his new vice presidential running mate Paul Ryan, chair of the House Budget Committee,  in an attempt to redefine his campaign as one that can effectively challenge Obama on his “economic failures.” For those of you who DON’T follow politics very closely, Paul Ryan is a much less notable name to you than Rubio or Condi Rice, but the truth is he is VERY well known – for advocating economic policies that would HELP the rich, and hurt the rest of us.

Paul Ryan advocates Supply-side economics [basically Reaganomics] which essentially states that the best way to grow the economy is to lower income and capital gains tax rates for people who supply goods and services, as well as giving them greater flexibility so they are unrestricted in lowering their bottom line which is suppose to result in the savings being passed on to the consumer. The ideology that this is a smart and fool-proof way to FIX a crumbling economy is absolute bullsh*t.

Supply siders believe that lower taxes can actually increase government revenues in the long run. This is VERY interesting because George Dubya Bush tried this with his tax cuts during his first time as president and guess what happened? Revenues DROPPED throughout his entire first term. In stark contrast, when Bill Clinton slightly raised marginal tax rates, the economy boomed and the budget showed a surplus. But regardless of these facts, Mitt Romney LOVES Paul Ryan – and he SHOULD, because under Paul Ryan’s tax plan Mitt’s tax rate would be 0.82%.

Think about that for a second: 0.82% would be his TAX RATE. To get an idea of how RIDICULOUS that is, go pull out a pay stub and check the percentage of your check that is deducted from the gross amount – chances are it’s A LOT higher than 0.82%. Think I’m lying, check this out from TheAtlantic [here]:

In 2010 – the only year we have seen a full return from him – Romney would have paid an effective tax rate of around 0.82 percent under the Ryan plan, rather than the 13.9 percent he actually did. How would someone with more than $21 million in taxable income pay so little? Well, the vast majority of Romney’s income came from capital gains, interest, and dividends. And Ryan wants to eliminate all taxes on capital gains, interest and dividends.

Romney did earn $593,996 in author and speaking fees in 2010 that would still be taxed under the Ryan plan. Just not much. Ryan would cut the top marginal tax rate from 35 to 25 percent and get rid of the Alternative Minimum Tax — saving Romney another $292,389 or so on his 2010 tax bill. Now, Romney would still owe self-employment taxes on his author and speaking fees, but that only amounts to $29,151. Add it all up, and Romney would have paid $177,650 out of a taxable income of $21,661,344, for a cool effective rate of 0.82 percent.

And THIS is what’s suppose to be better than Obama? THIS current-failure of an economic system is what is suppose to DRIVE us OUT of recession when it’s one of the primary things that drove us INTO it? If you wanna believe Obama has not brought about the change he declared he would, I can listen to your argument, but I would still prefer to believe in the audacity of hope than to repeat the anti-intellectual errors of the past.

This Is Your Conscience

When Lincoln Anthony Blades is not writing for his controversial and critically acclaimed blog ThisIsYourConscience.com, he can be found contributing articles for Uptown Magazine. Lincoln wrote the hilarious and insightful book "You're Not A Victim, You're A Volunteer: How To Stop Letting Love Kick Your Ass". He is also a public speaker who has sat on panels all over North America and the Caribbean.

20 Comments

  1. lincolnanthonyblades

    08/13/2012 at 5:00 AM

    Ladies & Gentlemen, What Do You Think Of The Romney-Ryan Ticket? Should The Democrats Be Worried?

  2. GrandCentral

    08/13/2012 at 6:29 AM

    You've opened up a wound Lincoln. Shameless plug – we did our entire radio show on this yesterday
    http://bit.ly/RLaMHNBe

    First of all, this was an excellent pick. Democrats should not be worried. They've actually spent the last two weeks baiting Romney to pick Ryan. Ryan laid out the blueprint with his "Path to Prosperity" last year. Romney has just handed the Democrats his playbook for the campaign and how he will govern. Ramey just pissed off the independent voters, by embracing this extreme consecutive ideology with this pick. It's unfortunate that Romney was that fucking stupid and failed to understand the core idea of his constituency – "anyone but Obama!" here's the thing, the republican party was going to vote for Romney anyway, he just needed to lock up the independent vote and steal back some of the female vote that the Republicans have done such a fine job of pissing off, with their constant assault and invasions of our vagina and uterus. All Romney had to do was select an equally moderate Republican who wasn't a white guy. In fact in putting together our show yesterday I found a Brian Williams interview from July 26 (just 5 days from when his advisors say he selected Ryan) where Romney said he would be a bipartisan President and unit Republicans and Democrats. Huh? Where did that guy go? Paul Ryan? This guy is the absolute worst.

    Here is the money quote from Ryan's acceptance speech on Saturday – "we promise equal opportunity, not equal outcomes."

    • lincolnanthonyblades

      08/13/2012 at 2:17 PM

      Plug Away!

      I Don't Understand The Quote At The End Being Used As A Rallying-Cry? I'm Confused

      • n0labels

        08/15/2012 at 10:30 AM

        Yeah, me too!

        • @DominiqueClay

          08/19/2012 at 8:11 AM

          He is a big Ayn Rand fan. Read any one of her books and you will understand.

  3. J.Crawford

    08/13/2012 at 8:31 AM

    The Ryan pick was PERFECT for the Obama/Biden Campaign. People seem to forget tha Paul was in Congress since 1998- Which means Ryan was there during the Bush/Cheney Years- the $10 Trillion Deficit, Two Unpaid Wars, Massive Tax Cuts ( Reaganomics) that Did NOTHING for Job Growth but caused 700,000+ Job Losses, etc. Nobody was making a fuss about the Deficit UNTIL Democrats got control in 2006 and the President was elected in 2008.

    at 24 I have been paying into Social, Medicare, and Medicaid since I got my first job at 15, and Romney/Ryan want me to get a Voucher when I become of age to receive Retirement Benefits, Not receive What I Contributed to; They want the Poor, Children, and Minorities to be on Third-World levels of Assistance by the cuts to Government Programs, cause Millions of kids to Not have Equal Edcuation or Supplies for their already Struggling Schools, BUT add to Military Spending and more tax cus for the Rich and Wealthy……. This election will hit many generations to come if the GOP/Tea Party get their way. Regardless of What and How People Feel NOW, if they Do Nothing, they may not even LIVE to the next Presidenial Election…..

    • GrandCentral

      08/13/2012 at 8:57 AM

      Yep! In fact, the Obama Campaign had been planting the seeds for this, attempting to tie Romney to the Ryan Budget for months. People are also forgetting, the US Congress has a 7% approval rating right now, 7%. Paul Ryan is a part of that Congress. How the hell is he going to tell us that he has solutions, when he and his party spent two years doing nothing. Say what you want about President Obama, he got a lot done despite the dysfunction and destruction.

      Let me also piggy back on you to debunk another bullshit tale that Paul Ryan attempted to lay out in his speech. …

      "No one disputes President Obama inherited a difficult situation. And, in his first two years, with his party in complete control of Washington, he passed nearly every item on his agenda. But that didn't make things better."

      What the fuck is he talking about? The President's agenda items, which would have helped the country passed through the House of Representatives, but died in the US Senate, because of the filibuster, which was used excessively by the Republicans. In fact, the filibuster rule had record usage by the Republicans

      So combined with everything you've elegantly outlined J. Crawford, we know exactly where these fools are going. They are going to attempt to twist the truth.

      • lincolnanthonyblades

        08/13/2012 at 2:21 PM

        That's What I Find So Hilarious About Republican Rhetoric: They Scream "LOOK WHAT OBAMA DONE DID TO THE COUNTRY?" And Then When You Look At All Of His Initiatives They Are Being VOTED DOWN In Record Numbers. This Is The Point I Made About The National Health Care Act After The ACA Was Passed – The ACA Is NOT "Obamacare" – Universal Healthcare IS.

      • n0labels

        08/15/2012 at 10:31 AM

        Preach, GrandCentral!

    • lincolnanthonyblades

      08/13/2012 at 2:19 PM

      I Hope You Young Voters Really Realize What's At Stake, Because Your Votes Have A Lot Of Sway In This Election.

  4. GrandCentral

    08/13/2012 at 8:49 AM

    LOL! I love this stuff. Saturday was actually an exciting day for me with all of this. I was up at 6am and watched all of the coverage. I listened to Paul Ryan's acceptance speech and broke it into pieces and deeply analyzed it. This is my favorite part of the speech and a quote I will run with until November 6th.

    "But America is more than just a place … it's an idea. It's the only country founded on an idea. Our rights come from nature and God, not government. We promise equal opportunity, not equal outcomes."

    • lincolnanthonyblades

      08/13/2012 at 2:23 PM

      Who Still Believes In Manifest Destiny In The 21st Century?

  5. Paul B.

    08/13/2012 at 8:52 AM

    But never underestimate the power of stupid voters, and there are plenty here. Not that I agree with everything President Obama has done or the way he has tried to do it, but I believe he has tried to actually better the lives of the average American. But a lot of people here are easily one issue voters and if you appeal to that one issue you can get their vote regardless of what else you stand for. It's the political equivalentof liking a song because of a nice beat but the artist is insane or a rapist and their lyrics promote violence,misogyny, misandry, and outright hate and evil.

    • pe.riche.

      08/13/2012 at 9:32 AM

      "But a lot of people here are easily one issue voters and if you appeal to that one issue you can get their vote regardless of what else you stand for."

      Exactly! Politicians understand that there is a good percentage of voters who are not as "informed" as others. To play that misinformation (I'm trying to be kind and not say they are simply stupid or ignorant) they put these translucent issues in front of them that really has NO direct impact on their survival or wellbeing (gay marriage, anyone?) to distract them from what really matters.

      The radical right continues to wave the "issues" of abortion, gay marriage, and contraception, when people really need to be worried about if they are going to be able to retire at 65, 95, or if they will have to pay taxes even after death. I wish people would recognize when the wool is being pulled over their eyes!

      • lincolnanthonyblades

        08/13/2012 at 2:24 PM

        Obama And The Dems Need To Do A MUCH Better Job Of Framing This Debate Accurately.

    • n0labels

      08/15/2012 at 10:31 AM

      You got that right, Paul. A lot of people fail to inform themselves of the issues and what's at stake.

  6. mena

    08/13/2012 at 10:31 AM

  7. MistaHarsh

    08/13/2012 at 1:15 PM

    Not one to believe in conspiracy theories but how can Republicans AND the people behind the scenes that advise them be so out of touch with reality? First McCain with Palin and now Romney with Ryan. Could a another 4 years of Obama in office be exactly what people behind the scenes want?

    If you look at how the powers in the world have divided and conquerored other countries it usually starts with Political turmoil which diverts people's attention from what's really happening in the country. "Experts" are already saying Obama has this on lock but that also means another 4 years of fierce and constant opposition and filibusting from the Republicans and Tea party is on lock too.

    Who will benefit from this? Start reading the articles in the middle to back of the newspaper to find out because that story will not be on the front page.

    • lincolnanthonyblades

      08/13/2012 at 7:39 PM

      Real Talk.

  8. lincolnanthonyblades

    08/13/2012 at 7:39 PM

    What I'm Waiting To Hear Is Ryan Go IN On Obamacare, Not Knowing That He's Actually Dissing The SHIT OUt Of Romneycare LoL.

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