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RUSH: Wilmington, Delaware. This is Eric. I\u2019m glad you waited, sir. Great to have you on the EIB Network. Hi.<\/p>\n
CALLER: Thank you, Rush. I hope you\u2019re having a good day and a good Thanksgiving coming up.<\/p>\n
RUSH: Yeah, thank you very much, sir. Same to you.<\/p>\n
RUSH: See, this is an interesting point, but I have to take a break. Thanks, Eric, for the call.<\/p>\n
BREAK TRANSCRIPT<\/p>\n
RUSH: Eric in Wilmington, Delaware. I gather what he was saying, and how many of you have observed, we\u2019ve got this dire economy, and there\u2019s no question that it is. We have unemployment that is horrible. We have underemployment. We\u2019ve got people whose home values are underwater, people being laid off, businesses are downsizing, preparing for Obamacare. His point is that there\u2019s a whole group of people out there just casually living their lives as though we are in the midst of the average American prosperity that you and I have all known, that they\u2019re not feeling any pain at all. They got their iPhones and they got their Internet surfing and they\u2019re watching YouTube and they\u2019re doing whatever they do, and they\u2019re not feeling any pain whatsoever.<\/p>\n
He\u2019s saying that apparently some people aren\u2019t paying any taxes at all. He was primarily talking about young people, too. He said, get \u2019em in the game. Tax some of the activities that they engage in so that they have some way of understanding what\u2019s going on because he\u2019s seeing a bunch of people, probably voting for Obama, who think everything\u2019s cool \u2019cause they\u2019re not feeling any pain. So he wants to transfer some pain via taxes on some of these people. And it\u2019s an interesting point. He thinks the Internet ought to be taxed. If it were — (laughing) — I read these tech blogs, and they\u2019re all liberals there. But the moment taxing the Internet comes up, they start having cows. They start screeching bloody murder. Sales tax, stuff bought on the Internet, they go bonkers, they lose it. The Internet ought to be the essence of freedom. There ought to be no controls, no nothing. Except they like net neutrality because they don\u2019t understand what it is. <\/p>\n
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But it is true. You can go through the day and you can see some people who, while maybe living in this slowdown economy, recession economy, you see people that aren\u2019t affected by it, and you just assume, well, they\u2019re earning enough money that it doesn\u2019t matter what their taxes are, they can still live their lives. His point is that maybe they\u2019re not being taxed and depending on where they live, that could be the case. You know, most of the tax burden at the country is at the state and local level. I\u2019m not talking about the amount, but you\u2019ve got property, sales, gas, all these are state taxes, all these are local taxes. <\/p>\n
And, by the way, folks, if you look at the 2012 election returns and throw out the presidential race, the Republicans cleaned up in a 2010 way in state legislatures and governorships. It\u2019s the most astounding thing, when you look at the maps, the red and blue maps at state legislatures and governorships, they\u2019re all red. Very few blue. They\u2019re all red. I mean, there were couple of Democrat pickups, Colorado and legislatures in Nevada, I believe, but a lot of places went red. Not talked about much. There\u2019s some people starting to cipher through this and publish the maps and so forth, but there was a 2010 turnout at the local and state level in many places. Not everywhere, but in many places. <\/p>\n
Why are Republican governors winning? Why are Republican legislators being seated in greater numbers while Obama wins the White House? If you look at some of these states you\u2019ll see unemployment below the national average. You\u2019ll see other taxation lower than the national average. There may be some things that can be learned here. But, you know, on this tax business, I think we\u2019re beyond the semantics of this now. I mean, the time to make semantic points, the election is over, and we got a real-world circumstance here. It\u2019s predictable as the sun. Here\u2019s Bernanke, the Fed Reserve chairman, “If they don\u2019t get a deal, I don\u2019t know, we might go into recession.” It\u2019s the same old bogus modus operandi, the same old panic, the same day old, oh, woe is us. It is true except that there is this singular solution: raise taxes on the rich. That\u2019s the singular objective that everybody has. And I\u2019m telling you, it isn\u2019t gonna matter a hill of beans. All it\u2019s gonna do is further expand the government and weaken the private sector. <\/p>\n
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