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Great news! Limbaugh won't be working as hard from now on.


By John Martin - Posted on 04 March 2009

You heard it here first. Rush Limbaugh will begin taking more days off, will spend less time preparing for his daily radio show, and will generally work less hard to expand and maintain his listening audience.

Unfortunately, we may have to wait until 2011 for this more-ineffective Rush to take over.  You see, if Congress goes along with President Obama's proposals, tax rates for the top 2% of earners will go up two years from now.  As everybody knows, an increase in tax rates for those earning $250,000 or more a year will cause those individuals to work less hard-- at least that's what I learned from my friends over at Red State and the Cato Institute.  In the words of Cato's Doug Bandow, raising taxes to these high earners "reduces the incentive to work," and "punish[es] hard-working professionals." 

As upset as I am that our most well-off will have to struggle under these tax rates-- which are the same as they were throughout the 1990's-- my heart goes out for those who somehow made it through the Reagan years.  While Obama is proposing marginal rates of 36 and 39.6% for the highest earners, these taxpayers were sending as much as 50% of their income to the federal government through most of the 80's.

Now I know some of you would like to punish Rush Limbaugh, but those of you who do are obviously not schooled in trickle-down economics.  By raising taxes 4.6% on the bulk of Rush's $33 million annual salary, we're actually hurting the little people the most-- the drug dealers, cigar makers, and ex-wives that depend upon him for their livelihoods.    

 

Wow John. Quite an attack. Good post.

Are you trying to excite the RFO base? (Palin joke)

Some trolls only see the blog posts on the front page and not the forums it seems, so more banning fun for Suzi with a Rush criticism? 

Ha.  No overt base-rallying attempted.

In some ways I have respect for Rush, but it boggles my mind how people treat him with so much respect when the man is so full of contradictions.  There's nothing wrong with considering his viewpoint or being entertained with how well he makes fun of people.

The argument is more of should government spending match the incoming revenues or the other way around?

Our tax code is already very progressive but increasingly inefficient at collecting these taxes.

Instead of inciting  ire against our largest earners the discussion should be centered around how to creat a fair and efficient tax system for the long term - instead of the inefficient reactive patchwork crap we have now. 

What good does raising the rates when we can't collect billions of dollars under the current system?

EDIT:  I didn't quite catch the sarcasm in your post.  Sorry - colds meds haven't kicked in yet!
 

Limbaugh cutting back. Oh no!  I only hope that doesn't mean he will be laying off his legions of researchers and fact checkers.
LOL!  That was great, John!

I'm thinking that Rush might start regretting all this attention, fame, and "popularity." Notice how people are starting to really listen to and actually critique his words these days? Can we say fact check or hypocricy check? For example, in his rant against Steele he mentioned Steele should be busy preventing Dem's from intruding upon open Republican primaries (presumably to help elect moderate Republicans.) Hmmm-can we flashback the soundbites from Operation Chaos? We are on to you, big guy!

As for the rich working less, that is the message some are trying to convince us of.  If a company only makes $1.9 billion profit instead of $2 billion they might not hire more workers or keep their best people (since they won't get as much in bonuses.) I think more should be mentioned about returning to the old rates, not some crazy new levels.

Great blog, John! 

In purely economic terms, taxing the highest wage earners IS a disincentive.  Pure economics and reality seldom intersect, however.  Pure economics is a fascinating academic place to begin analyzing our situation; however, real life is much messier than the classical economists ever accounted for in their theories. 

 

All my life I wanted to grow up and be a rich millionaire but now I don't want to because Obama's just going to tax me. Now I'd just rather be poor and live on the dole. Don't Tax Me Bro!
Yeah, I'm currently making $249,000 per year, and I got an offer from my company for a promotion with a salary of $300,000 per year, but I turned it down because I would have to pay a little more in taxes on that amount.  Obama's policies disincentivized me.  I'm thinking about maybe applying for the job of janitor because that way I won't have to pay as much in taxes.

Don't Tax Me Bro!

LOL!!! That should be the new Republican tag line.  (And yes, I picked up the reference.)

I've already seen it used on Facebook.  My rightwinger friends are all over it.

Heh -- I LOLed at that too. 

"For those who plan with audacity and execute with vigor,
progress is the magnificent by product." 

Great post John.....I feel for Rush.  He probably should get rid of his housekeeper to save money...but then again that would also means he would lose his daily dose of Oxycotin et al.

Thanks I read it with a smile on my face.

BTW: did anyone see Morning Joe today....Michael Steele was the butt of their jokes....lol

 

 I will not throw the first punch but I wil certainly throw the last.....President Barack Obama.

Since he's the model "victim", I can see him making a huge show of cutting back, complete with a sob story on live radio: "Lookit how much I have to cut back thanks to Obama's socialist agenda blah blah blah woe is me."
----

It's sad that we've reached a point where 'government service' is a dirty word... If we're the greatest country on earth, maybe we can have the greatest government.

Lewis Black

Meanwhile, those who get to stay in their homes and put food on the table, all while getting medical attention for their child, don't have access to the airwaves to broadcast their their joy!
Since he's complaining about "censorship" from "liberals", I have half a mind to send him a case of surgical masks...

Scratch that. I have a better idea: Pacifiers.

----

It's sad that we've reached a point where 'government service' is a dirty word... If we're the greatest country on earth, maybe we can have the greatest government.

Lewis Black

Translation:  Everything but Fox and right wing talk radio is "liberal media".  Sheesh! 

I think pacifiers are a great idea, if you can find one large enough for his big mouth!!

You mean that Obama is proposing to return tax rates to where they were for most of the 1990s? You mean when we had that big boom of economic growth and entrepreneurship?

Say it ain't so! 

"For those who plan with audacity and execute with vigor,
progress is the magnificent by product." 

Just a question. How is it that Obama will stop anybody from succeeding in life. I don't get what Rush is saying because I always thought that you payed taxes according to what you make a year. Another words after you have already succeeded and made your Millions then you will be confronted with the painful extra 3% tax hike Obama is for. Oh yeah don't forget the tax hike also includes Obama himself. Bad Obama raising his own taxes.
Shhhhh...the facts confuse Rush!

I would gladly take this "problem" of my taxes going up, because that would mean I'M MAKING MORE THAN $250,000 A YEAR!!!  (oh man, now I have to wait a month to buy my 16 yr old a new Mercedes SUV and/or my gold plated pool???)  It's so ridiculous to hear people whine about paying their fair share when formerly middle class people are living in tents from Sacramento to Nashville just trying to get clean water to drink.   

This was related to the TARP stuff, but still the sentiment is similar:

----

It's sad that we've reached a point where 'government service' is a dirty word... If we're the greatest country on earth, maybe we can have the greatest government.

Lewis Black

Oh thanks for reminding me to look up political cartoons relating to the Steele/Rush situation. I forgot because sometimes you have to wait a few days for them to appear on the internet. I'm about to see what I can find....

Jim,

I am dying for a practical conservative whom doesn't have his vocal chords controlled by the religious right representing the GOP.

Rush has just as much political public service as I do- NONE.  And the best way to silence his voice is not listening to his radio show, when his big mouth is on TV- change the station.

Make no mistake- I find Randy Rhoads equally as annoying.

Not really sure where to post these so I just choose this thread.

 RNC dispute over $4 million

Joe The Plumber Slams Steele For Trying To Make Conservatism Hip-Hop

 

This Joe guy is sure making the rounds these days. The Middle East, CPAC, now this ... and he was complaining he isn't able to find a job? He should be careful though ... Rush won't be happy about sharing the stage.
Yes. Rush wasn't happy when Newt took the stage and talked against him. I think Rush might hide a few days and let thing cool off.

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