{"id":178296,"date":"2019-01-14T18:48:00","date_gmt":"2019-01-14T23:48:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2019\/01\/14\/have-a-nice-glass-of-shut-the-f-up-alan\/"},"modified":"2019-01-14T18:48:00","modified_gmt":"2019-01-14T23:48:00","slug":"have-a-nice-glass-of-shut-the-f-up-alan","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2019\/01\/14\/have-a-nice-glass-of-shut-the-f-up-alan\/","title":{"rendered":"Have a Nice Glass of Shut the F%$# Up, Alan"},"content":{"rendered":"

<\/a>After nearly blowing up the world 10 years ago, Alan Greenspan seems to think that there are still people who give a crap what he thinks<\/a>:<\/p>\n

Raising the marginal tax rate on the richest Americans to 70 percent would put a major dent in the economy, former Federal Reserve Chairman Alan Greenspan<\/a> said Monday.<\/span>

<\/span>During an interview with the CBS program “60 Minutes” that aired Sunday, freshman Rep. Alexandria Ocasio-Cortez proposed that such a levy be imposed to pay for what she calls a “Green New Deal”<\/a> to slash carbon emissions and ultimately wean the U.S. off its reliance on fossil fuels.<\/span>

<\/span>The tax would apply to those earning more than $10 million a year, a group that currently pays the top marginal tax rate of 37 percent.<\/span>

<\/span>Without getting into the details, Greenspan said the move would have dire consequences.<\/span>

<\/span>\u2026\u2026\u2026<\/span>

<\/span>When it comes to taxes, Greenspan said the measure passed in 2017 “was an excellent tax cut” though Congress failed to come up with a way to pay for it. He noted that the U.S. budget deficit for fiscal 2018 is likely to hit $1 trillion due in large part to entitlement burdens that lawmakers have not addressed.<\/span><\/p><\/blockquote>\n

It appears that Ayn Rand’s biggest fan doesn’t give a sh%$ about deficits unless there is a possibility that they might help poor people.<\/p>\n

This is a man whose take on financial fraud was that the market would take of the problem.<\/p>\n

Please, Alan Greenspan, shut the F%$# Up.<\/p>\n","protected":false},"excerpt":{"rendered":"

After nearly blowing up the world 10 years ago, Alan Greenspan seems to think that there are still people who give a crap what he thinks: Raising the marginal tax rate on the richest Americans to 70 percent would put a major dent in the economy, former Federal Reserve Chairman Alan Greenspan said Monday.During an …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[368,392,364,389,406,480,403],"class_list":["post-178296","post","type-post","status-publish","format-standard","hentry","tag-corruption","tag-economy","tag-evil","tag-history","tag-stupid","tag-taxes","tag-wanker"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/178296"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=178296"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/178296\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=178296"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=178296"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=178296"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}