Monthly Archives: November 2017

Archive of posts published in the specified Month

Economic Superstition

Presidents get too much credit and blame for an economy as if it turns on a dime the moment they are elected.  The right want to credit Trump for the sharp rise since he was elected, but attributes no credit…

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Rebel Yid Tax Proposal 2017 11 29

A flat 5% rate ON ALL INCOME. Earned, unearned, dividends, capital gain, muni bond, treasuries. THEN A $10,000 personal exemption. $20,000 per couple. A 10% tax on all earned income above that. The first $100,000 of dividends and investment income…

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Tax Thoughts 2017 11 29

by Henry Oliner Corporate tax cuts are opposed because the company will not spend it as the political brokers wish.  There is no guarantee they will use it to create jobs.  But having a more competitive tax rate may make…

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Character and Conspiracy

by Henry Oliner The stream of sexual predatory behavior since Weinstein has the usual media suspects struggling for an explanation.  While several players from the right are scarred- Roy Moore, Bill O’Reilly, and Donald Trump- the surprise is the deluge…

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Clarifying Capitalism

From Andy Kessler in The Wall Street Journal, Quit Modifying Capitalism (paywall) State Sponsored Capitalism (China) Casino Capitalism (Bernie Sanders) Sustainable Capitalism (Al Gore) Patrimonial Capitalism (Piketty) Surveillance Capitalism ( new one for me-  Ivy League origin) Popular Capitalism Conscious Capitalism (John…

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The Limits of Rent Seeking

from Garry, Patrick M.. The False Promise of Big Government: How Washington Helps the Rich and Hurts the Poor (Kindle Locations 336-343). Intercollegiate Studies Institute. Kindle Edition. In 2015 the Capital Research Center reported that GE had spent more than $300…

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The Libertarian Minority

From What Happened to the ‘Libertarian Moment’? by Henry Olsen in National Review Now it is true that the Republican party is overwhelmingly conservative and that most conservatives oppose high taxes and government direction of society. Polls have shown for decades…

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An Epidemic of Bad Ideas

From Glenn Harlan Reynolds in The USA Today, Social media threat: People learned to survive disease, we can handle Twitter: Likewise, in recent years we’ve gone from an era when ideas spread comparatively slowly, to one in which social media in…

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The Trickle Down Mantra

by Henry Oliner ‘Trickle down’ is the preferred pejorative of the left towards any tax cut that benefits those who actually pay taxes.  The people who use it sound like idiots to anyone with a basic knowledge of economics.  It…

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Self-Devouring Political Correctness

by Henry Oliner I confess a certain demented joy in seeing the left eat its own in the avalanche of sexual predatory behavior burying its favorite icons.  When hypocrisy is illuminated, the light can be blinding. Short of actual rape…

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Neutered Tax Cuts

The drive for tax cuts obscures the greater benefit of tax reform and simplification.  Taxes, however, are only a single component of friction costs. If the purpose of tax reform or tax cuts is to stimulate investment and productive activity…

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Understanding Progressives

In The World is Never Finished Kevin Williamson addresses the fear of AI on employment . But if we are going to look backward, let’s look back even farther. The belief that the remorseless efficiency of capitalist production will lead…

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Promoting Stupidity

from Higher Education’s Deeper Sickness by John Ellis at The Wall Street Journal: The imbalance is not only a question of numbers. Well-balanced opposing views act as a corrective for each other: The weaker arguments of one side are pounced…

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Trend Illusions

by Henry Oliner The Art of Thinking Clearly by Rolf Dobelli (highly recommended) is a compilation of biases and psychological barriers to clear and rational thinking. Dobelli warns of “trend gurus who see trends in everything”.  He contends this is…

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The Real Loser from Tax Reform

From my article in American Thinker, Save the Swamp: I call the difference between the statutory rate and the actual rate the ‘special interest spread’.  It is the difference between the official stated rate and the actual rate paid after…

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The Half Life of Populism

From Kevin Williamson at National Review, ‘Winning’ Isn’t Winning It is often the case that populism has a short shelf life, after which is ceases to be popular. There is a reason for that: Populism is almost always based on…

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The 97% Fraud

from National Review and Ian Tuttle, The 97% Solution Surely the most suspicious “97 percent” study was conducted in 2013 by Australian scientist John Cook — author of the 2011 book Climate Change Denial: Heads in the Sand and creator of…

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The Function of Political Parties

from Bring Back Political Parties by Kevin Williamson at National Review : As it turns out, political parties are — like churches, civic groups, unions, trade groups, lobbyists, pressure groups, and business associations — part of the secret sauce of…

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The Progressive Contradiction

from Bring Back Political Parties by Kevin Williamson at National Review : The Democratic party had an excellent reason to exclude Senator Bernie Sanders, the same reason the Republican party had to exclude Donald Trump: He wasn’t a member of…

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Facts Without Context

from The Wall Street Journal, A Deceptive New Report on Climate by Steven Koonin This isn’t the only example of highlighting a recent trend but failing to place it in complete historical context. The report’s executive summary declares that U.S.…

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