Tuesday, May 3, 2016
1012 C Street  •  Floresville, TX 78114  •  Phone: 830-216-4519  •  Fax: 830-393-3219  • 

WCN Site Search


Preview the Paper Preview the Paper

Preview this week's Paper
A limited number of pages are displayed in this preview.
Preview this Week’s Issue ›
Subscribe Today ›

Lost & Found

Terrier mix, female, "Marma," missing near F.M. 427/C.R. 537, 30 lbs., orange/red medium length fur, can be extremely shy. Call or text if seen, 210-440-3889.

VideoLost orange & white female fox terrier on 5/1/16 near 775 & 3432. Please contact Lindsay @ 210-284-0094. Thanks.

VideoFound: Male Lab mix, light brown, neon orange collar (Reminton), St. Hedwig near Lubianski's Feed store. 210-859-1546.
More Lost & Found ads ›

Help Wanted

Walk-in bathtub sales person wanted. $100,000+ $4,000/mo. guaranteed. Sales experience required. Call Jerry Stewart at 913-276-2143, Ewing Enterprises, LLC.
The 81st Judicial District Attorney’s office is seeking candidates for the position of an Administrative Assistant. Duties will include but not limited to: answering incoming calls and greeting visitors, prepare discovery for defense bar as required, providing administrative and clerical support to the ADAs and District Attorney, assist in general office work and perform related duties as follows: Operate a multi-line telephone switchboard, proficient use of software applications and computer equipment, scanning and compiling files for eDiscovery, filing and creating court files, generating reports as required. Applicants must have at least five (5) years of administrative assistant experience, strong computer skills (Word, Excel, PowerPoint) ability to multi-task, excellent organizational skills and attention to detail. Some heavy lifting (about 40 pounds) required. Please mail, fax or email resumes and cover letters to the address and email below. DEADLINE FOR RESUME SUBMISSION IS MAY 6, 2016 AT 5 P.M. District Attorney Rene Pena, C/O Teri Reyes, Office Manager, 1327 THIRD STREET, FLORESVILLE, TEXAS 78114. Fax 830-393-2205. terireyes@81stda.org.
More Help Wanted ads ›

Featured Videos





Video Vault ›
Richardson Chevrolet homeTNMCRE/MAX home
You’ve been granted free access to this subscribers only article.

Section A: General News


Editorial: Millionaire, billionaire taxes are ‘Bait and switch’




E-Mail this Story to a Friend
Print this Story
Thomas Sowell
September 12, 2012 | 1,022 views | Post a comment

We have heard many times from President Barack Obama how he plans to raise taxes on “millionaires and billionaires,” but not on the middle class. Apparently, if you don’t happen to be a millionaire or billionaire, you don’t have to worry.

But the numbers say otherwise -- and say so big time. Obama’s actual tax increase does not start with people who have an income of a million dollars a year. It starts with people with incomes of $250,000 and up.

That is far short of a million dollars, and miles away from a billion. According to the IRS, there are more than 2,700,000 people who earn $250,000 a year or more -- and fewer than one-tenth of them earn a million dollars or more. So more than nine-tenths of the people who would be hit with the higher taxes supposedly aimed at “millionaires and billionaires” are neither.

When businesses advertise one thing and then actually sell something else, that is called “bait and switch” advertising. That is exactly what President Obama is doing with his proposed tax increases.

Looking at the potential economic consequences, the small portion of the people targeted for Obama’s higher tax rates who are in fact millionaires and billionaires have the least likelihood of actually paying the higher tax rates.

People with annual incomes in the millions or billions of dollars can live pretty high on the hog on a fraction of their income, leaving them with plenty of money to invest.

The Constitution was amended in 1913 to permit the federal government to collect income taxes. Almost immediately, very high tax rates on people with very high incomes led to their taking steps to avoid paying those taxes.

President Woodrow Wilson himself urged Congress to reconsider whether very high tax rates are in fact “productive of revenue” to the government. He said that, beyond some point, “high rates of income and profits taxes discourage energy, remove the incentive to new enterprise, encourage extravagant expenditures, and produce industrial stagnation with consequent unemployment and other attendant evils.” That sounds a lot like where we are today.

Both Democratic and Republican presidents once warned that high tax rates could reduce economic growth. And Secretaries of the Treasury under both Democratic and Republican administrations once pointed out that higher tax rates do not necessarily bring in more tax revenues than lower tax rates. Yet this lesson from more than 90 years ago has still not been learned by those who advocate higher taxes on “the rich” as the answer to our fiscal problems.

In today’s global economy, it is even easier for genuine millionaires and billionaires to escape high tax rates by investing in other countries. Not so for the other nine-tenths of the people hit with higher tax rates, such as small-business owners or independent professionals such as dentists or Realtors, whose sources of income are necessarily local.

Those hardest hit by high tax rates that drive jobs overseas are likely to be those who are unemployed and need jobs here. Ironically, millionaires and billionaires may have the least to lose from higher tax rates on “the rich.” But Barack Obama has the most to gain from class warfare rhetoric that wins votes from gullible people.

Thomas Sowell is a senior fellow at the Hoover Institution, Stanford University. Copyright 2012 creators.com
 

Your Opinions and Comments


Be the first to comment on this story!


You must be logged in to post a comment.




Not a subscriber?
Subscriber, but no password?
Forgot password?

Section A: General News Archives


Full article available to Wilson County News subscribers only. Click here to subscribe. Appraisal district board votes to resume construction (April 27, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Baylor University awards Cody Soto (April 27, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Behind the lens: Swan lake (April 27, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Budget Blinds of La Vernia receives national award (April 27, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Celebrate hospital’s Grand Opening (April 27, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Children’s Alliance plans ribbon-cutting (April 27, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. County judge breaks tie vote (April 27, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Court Update (April 27, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Cowboy Fellowship celebrates 13 years in Jourdanton (April 27, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Earth Day plant sale April 30 (April 27, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Editorial: It’s time to get out and vote for the best for our city (April 27, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Editorial: Quit whining and play by the party rules (April 27, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Emergency-services area may expand to cover City View (April 27, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Floresville chamber is on the move (April 27, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Floresville Event Center’s no-BYOB policy here to stay (April 27, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Floresville man honored with service award (April 27, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Free ‘Shred Day’ in San Antonio (April 27, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Get outside and connect with nature (April 27, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Help CASA during the Big Give (April 27, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Hospital receives audit report, notes record month (April 27, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. La Vernia EMS: Four decades of care (April 27, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Learn about hosting a foreign exchange student (April 27, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Letter: Anyone listening? (April 27, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Letter: Clarity around FEDC contributions (April 27, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Letter: Unreliable weather forecasts (April 27, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Life Line Screening available (April 27, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Loan converts to a scholarship (April 27, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Master Gardener orientation (April 27, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Meeting Watch: Falls City ISD (April 27, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Meeting Watch: Floresville Planning & Zoning Commission (April 27, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Parks plan is still ‘wish list’ (April 27, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Police Blotter (April 27, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Ramirez promoted to Colonel (April 27, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Scammers target CPS Energy customers (April 27, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Support children through Big Give (April 27, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. ACTS skeet shoot May 7 in Marion (April 20, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Annexation for La Vernia EMS? (April 20, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Brahma Happenings: Jackson’s Journey, HOPE fund-raisers, more (April 20, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Challenger Water Solutions set to close deal in Stockdale (April 20, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Coach to take on athletics for his alma mater (April 20, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Community Resource Fair (April 20, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Crisis Center plans fund-raising events (April 20, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. District 3 considers substation in Sutherland Springs (April 20, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Early voting begins on Tuesday in (another) election (April 20, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Editorial: The ‘voice of the people’ fallacy (April 20, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Elmendorf wades into developing its own municipal water system (April 20, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Emergency service, via helicopter (April 20, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Entertainment lineup for the Jubilee (April 20, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. FEDC OKs July 3 ‘Freedom Fest’ (April 20, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Floresville parks plan: an analysis (April 20, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Hail pounds ‘like a thousand hammers' (April 20, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Housing seminar set (April 20, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. La Vernia: New home for Wilson County’s performing arts? (April 20, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Letter: A word of caution to advertisers (April 20, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Letter: Eating sustainably (April 20, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Letter: Obama’s executive ‘lawlessness’ rears its ugly head (April 20, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Letter: Wilson County lacks animal control (April 20, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Meet the Floresville candidates, ask questions April 21! (April 20, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Meeting Watch: Poth ISD (April 20, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Meeting Watch: Stockdale ISD (April 20, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Missions to include Floresville’s Rancho (April 20, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Police Blotter (April 20, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Poth VFW Post 8555 honors students, teachers, guests (April 20, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Small-business training webinars (April 20, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Special meeting April 21 for Floresville parks master plan (April 20, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Talk about boundaries (April 20, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Walk to end child abuse (April 20, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Wilson County’s unemployment rises (April 20, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Yanta: Prosper the work of our hands (April 20, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Apply now for Baptist Health Foundation community grants (April 13, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Authorities arrest cattle rustler (April 13, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Behind the lens: Screams, spins, speed (April 13, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Christian counseling comes to Wilson County (April 13, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Doctor will close Floresville office (April 13, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Editorial: Before you reject the system, understand it (April 13, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Editorial: Football great Will Smith and mental illness in America (April 13, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Editorial: White House needs a mature president — not ‘The Donald’ (April 13, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Federal funding for community projects (April 13, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Free senior exercise classes at OKMH (April 13, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Kicaster Cemetery meeting April 21 (April 13, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. La Vernia UMC to hold blood drive (April 13, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Letter: Extra effort (April 13, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Letter: The importance of no Supreme Court hearing (April 13, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Mayor recaps infrastructure projects (April 13, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Meeting Watch: China Grove City Council (April 13, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Meeting Watch: La Vernia ISD (April 13, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Meeting Watch: Wilson County Commissioners Court (April 13, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. National Lineman Appreciation Day (April 13, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Pair face felony charges for graffiti on Enchanted Rock (April 13, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Pair lead police on high-speed chase (April 13, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Police Blotter (April 13, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Poth cemetery plans cleanup (April 13, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Pray to end child abuse on April 24 (April 13, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Rainbow Play Systems recalls trapeze rings (April 13, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Registration for Alzheimer’s, dementia care training is open (April 13, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Save the date for Bike Rodeo, Bike-A-Thon (April 13, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Scammers hijack smartphones in new ransomware scam (April 13, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Selling sentimental stuff (April 13, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Start Smart your business April 28 (April 13, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Stockdale city limits expand (April 13, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Stockdale library seeks donations (April 13, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Stockdale officials approve open carry gun ordinance (April 13, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Truck strikes man on highway (April 13, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Vets service offers online links (April 13, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Workshop energizes teachers to educate about energy (April 13, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Adventure Run set for April 16 (April 6, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Authorities search for cattle rustler (April 6, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Behind the lens: Riveting reptile (April 6, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Donate blood April 8 (April 6, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. DWI crackdown targets Poteet area for weekend (April 6, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Editorial: Political parties display hypocrisy over Supreme Court nominee (April 6, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Editorial: We are window-shopping for the next president (April 6, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Falls City Council seeks partner for sewer upgrades (April 6, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. FELPS addresses cost price hike as fuel costs decline (April 6, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. FELPS payment scam victimizes restaurant owner (April 6, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. FISD plans Wellness Fair and 5K (April 6, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Floresville plans community Independence Day celebration (April 6, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Injury accident (April 6, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Just be honest (April 6, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Learning opportunity for teachers June 6-9 (April 6, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Letter: La Vernia ideal home for YMCA (April 6, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Letter: Leave political correctness out of Jaguar name (April 6, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Letter: We are the stooges (April 6, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Little League Night in Floresville (April 6, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. LV Greater Chamber plans April 6 meeting (April 6, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. One-Act Play shines at District (April 6, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Online control system detects faulty switch, saves FELPS $750K (April 6, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Opry Jam Night April 7 (April 6, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Participate in Candidates’ Forum (April 6, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Police Blotter (April 6, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. State test glitches heighten exam anxiety for students (April 6, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Sutherland Springs woman: Snakes alive! (April 6, 2016)