Warren Buffett Inverts His Rule
Remember the “Buffett Rule?”
The Buffett Rule is part of a tax plan proposed by President Barack Obama in 2011. The tax plan would apply a minimum tax rate of 30 percent on individuals making more than a million dollars a year.
Remember for whom it’s named?
The Buffett Rule is named after American investor Warren Buffett, who publicly stated in early 2011 that he believed it was wrong that rich people, like himself, could pay less in federal taxes, as a portion of income, than the middle class, and voiced support for increased income taxes on the wealthy.
Remember what Buffett 2012 said – in his New York Times editorial? Continue reading
Please Press Play, and Enjoy
Is the Barack Obama Administration more than a mite out of control when it comes to imposing new regulations? Indeed so.
Regulations Under Obama Cost Households $14,768 Yearly
Obama Hits the Gas on Regs
Regulations Take $1.8 Trillion Bite Out of Economy
Is the Obama Administration more than a little off on their regulations assessments? Indeed so.
Obama Regs Cost 20-Times Admin’s Estimate
Twenty 9-0 Supreme Court Rulings Against (Administration)
Hundreds of Obama Administration Regulations Are Illegal
Speaking of illegal, let’s look at Obama’s Federal Communications Commission (FCC). Continue reading
That is SO Last Century
The Twentieth was the Century of the Welfare State. Governments the world over built and then continuously grew their domestic aid money delivery apparatuses. Tens of trillions of dollars were spent in attempts to raise poor people up and out.
It’s been disastrous.
European Union and the Failed Welfare State
Transforming the Developmental Welfare State in East Asia
More Evidence of the Social Welfare State as a Failure
Much of the planet was dominated by the Soviet Union – whose satellites and clients were just welfare states under the Red umbrella. Communism is the Welfare State in full bloom – and to say it doesn’t work is the century’s greatest understatement. One hundred million people died – and billions more lived nasty, brutish and short lives in abject desolation and destitution. Continue reading
What the New York Times Wants -
Intentionally or Not
It takes a special man to cram so much wrong into a mere 342 words. Or an Old Grey Lady.
The New York Times’ utterly ridiculous Editorial Board recently as one addressed Title II Internet regulatory Reclassification and Network Neutrality – and they did so in utterly ridiculous fashion.
They either have absolutely no idea what any of this is – or they are lying through their printing presses.
The Times calls for the federal government to illegally commandeer control of the entirety of the World Wide Web – so as to then impose Net Neutrality. Guess with whom they are in agreement?
The hardcore Media Marxist Left wants President (Barack) Obama’s Federal Communications Commission to unilaterally change – for the worse – how the government regulates the Internet. Which would be an egregious violation of existing law – the 1996 Telecommunications Act.
This law classified the Internet as Title I – a very light-touch regulatory regime. As happens when the government largely leaves something alone, the Internet has become a free speech, free market Xanadu. Arguably no endeavor in human history has grown so big, so well, so fast.
If ever there was an example of “if it ain’t broke, don’t fix it” – this is it. Yet the perpetually broken government is listening to these Leftist loons – and considering the move to Title II.
Title II is the uber-regulatory superstructure with which we have strangled landline phones –you know, that bastion of technological and economic innovation. Which do you find more impressive –your desktop dialer or your iPhone? Continue reading
Please, Get Off Our Backs
Aesop was a Seventh Century, B.C. Greek philosopher – mere “storyteller” doesn’t do him justice. The best storytellers are philosophers – because they tap into truths of human nature. Aesop certainly did that.
His famous Fables revealed these truths through simple animal allegories. There are (at least) several that apply to the creatures in the world of politics. Of late one especially leaps to mind.
The Scorpion and the Frog
A scorpion and a frog meet on the bank of a stream and the scorpion asks the frog to carry him across on its back. The frog asks, “How do I know you won’t sting me?” The scorpion says, “Because if I do, I will die too.”
The frog is satisfied, and they set out, but in midstream,the scorpion stings the frog. The frog feels the onset of paralysis and starts to sink, knowing they both will drown, but has just enough time to gasp “Why?”
Replies the scorpion: “Its my nature…”
Far too many government officials (and civilian Leftists) are Aesop scorpions. It’s in their nature to regulate. And regulate again. And then regulate some more. In Baby Boomer Radical parlance, they are willing – even eager – to destroy the village in order to save it. Continue reading
You Want Fair? You Want Free – from Government Imposition
We recently discussed a bipartisan group of Senators and House members who correctly identified a global trade problem and its negative domestic ramifications.
57 Senators and 152 House members…sign(ed) letters to Barack Obama Administration Secretary of Commerce Penny Pritzker. In which they expressed concern about inexpensive Korean steel being in mass quantities imported here….
Why is the bipartisan contingent concerned about the cheap Korean steel dumping? American job loss.
“U.S. steel producers employ 8,000 workers across the country making OCTG. Each of these jobs supports seven additional jobs in the supply chain and the steel produced for the U.S. energy market accounts for approximately ten percent of domestic production.”
These officials are asking the Administration to ensure Korea is adhering to its trade pact commitments.
“As this case proceeds, we urge you to ensure that the Department’s investigation is objective and accurate and to closely verify the information submitted by the Korean producers. Strict and full enforcement of our trade laws is essential for the future of the U.S. steel industry, its workers, and steel communities throughout the country.”
Which is of course perfectly reasonable. If Korea isn’t doing what it said it would, there should be consequences and repercussions. As Mexico too is hopefully about to find out.
For the long run, we need to begin laying the groundwork for making these trade deals a whole lot freer – and fairer. Far less complicated – and thus much better. And thus easier with which to comply – and when necessary to enforce. Continue reading
‘They Think We’ll Actually Do
What We’re Supposed To’
The Barack Obama Administration has spent just about its entire tenure doing things it is not supposed to do.
The myriad executive branch Departments, Agencies, Commissions and Boards have been in omni-directional fashion vastly exceeding their authority – doing things that are clearly the Constitutional purview of (amongst other others) the legislative and judicial branches.
In so doing, these many Leviathan tentacles leave unattended the things they are actually supposed to do.
The examples of proactive overreaches and attending abrogations are nearly without limit.
The executive branch Administration is supposed to enforce existing immigration law. They are not. They are instead pretending to be the legislative branch and making up out of whole cloth brand new law. And are now threatening to do so – even huge-er – yet again.
This Administration signed into law the Affordable Care Act. It has since unilaterally rewritten it forty-two times. They have been so focused on illegally re-doing Congress’ job over and over again that they fundamentally fumbled the parts of the law they were actually supposed to handle. Like the ObamaCare website. On which they have wasted (thus far) $840 billion – and which still doesn’t work. Continue reading
Harry Reid to Bipartisanship
As we asked last week – who says bipartisanship is dead?
The allegedly “do-nothing” Republican-led House of Representatives has actually done a lot of good stuff – a lot of it bipartisan in nature.
“We’ve put together a helpful list of bipartisan bills (Senate Majority Leader Harry Reid) can start with that have passed the House with over 250 votes and are stuck sitting idly in the Senate. The do-nothing Senate really must do-better,”(Congressman Eric) Cantor spokeswoman Megan Whittemore said.
Therein lies the problem. Senator Reid remains an obstinate obstruction to advancing good legislation. He only moves bills that lessen our freedom – and lighten our wallets.
On November 1 – and remember, Election Day is November 4 – a since-1998 federal moratorium on Internet-only taxes ends. Meaning you and I will pay the government even more coin to surf the World Wide Web.
When you next fume at your Internet or cell phone bill – check the litany of taxes tacked on. (And forget not the built-in government costs you pay but never see.) That way you’ll know at whom to actually be angry. Continue reading
‘Why Isn’t the Economy Getting Back Up?’
Who says bipartisanship is dead?
We recently had 57 Senators and 152 House members – (obviously) culled from both Parties – sign letters to Barack Obama Administration Secretary of Commerce Penny Pritzker. In which they expressed concern about inexpensive Korean steel being in mass quantities imported here.
Interestingly, they express this concern within the context of their appreciation of the greatness and import of…fracking. The oil and gas extraction method that is hurtling us towards energy independence – in spite of the Left’s vociferous, irrational opposition. Steel is, of course, a vital component of fracking. This same sentence appears in both letters:
The discovery and production of shale gas in the United States is a strategic benefit for both America’s economic and energy security.
See – bipartisanship. The environmentalist loons should take a flying leap. Continue reading
Brought to You by the People Who Want to Uber-Regulate the Internet
The Federal Communications Commission (FCC) has already been twice unanimously rebuked by the D.C. Circuit Court in previous attempts to impose Network Neutrality.
Their response to these clear demonstrations of their lack of juice? President Barack Obama appointee FCC Chairman Tom Wheeler is considering power grabbing the entire orchard – to then squeeze Net Neutrality (and all private investment) out of it.
The grove in question is the entire World Wide Web – to be infected by the government’s imposition of Title II Reclassification.
Title II is the uber-regulatory superstructure with which we have strangled landline phones –you know, that bastion of technological and economic innovation. Which do you find more impressive –your desktop dialer or your smartphone?
Title II regulations date back to at least the 1930s –so you know they’ll be a perfect fit for the ultra-modern, incredibly dynamic, expanding-like-the-universe World Wide Web.
This would be the most detrimental of all Information Superhighway road blocks. Rather than the omni-directional, on-the-fly innovation that now constantly occurs, Title II is a Mother-May-I-Innovate, top-down traffic congest-er. Imagine taking a 16-lane Autobahn down to just a grass shoulder. Continue reading