The government’s monopoly education system is a travesty mostly because taxpayers spend record amounts of money and we get very poor results. But I’m also irked at the way government schools engage in absurd displays of political correctness, particularly when it comes to make-believe weapons.
It’s not newsworthy that there’s a lot of double taxation in America. What is shocking and discouraging, however, is finding out that our tax code is more punitive than just about every European welfare state.
Our first example (which arrived in my inbox, so I don’t know who deserves the credit) will be familiar to fans of the original Star Wars trilogy.
Writing in London’s City AM, Allister Heath points out that even John Maynard Keynes very clearly recognized a Laffer Curve constraint on excessive taxation
There’s a saying in the sports world about how last-minute comebacks are examples of “snatching victory from the jaws of defeat.” I don’t like that phrase because it reminds me of the painful way my beloved Bulldogs were defeated a couple of weeks ago by Auburn.
Proponents of the flat tax and sales tax want to replace the income tax. That would be a very positive step. Advocates of the VAT, by contrast, want to keep the income tax and give politicians another big source of revenue. That’s a catastrophically bad idea.
Let’s do a simple thought experiment and answer the following question: Do you think that additional laws from Washington will give you more freedom and more prosperity? I don’t know how you will answer, but I strongly suspect most Americans will say “no.”
I’m increasingly worried Obamacare also is creating a playground for hackers and identity thieves – and the rest of us will be the victims. Simply stated, the results probably won’t be very pretty when you mix together big data, and government incompetence.
But you won’t be surprised that this feature of Obamacare also has important economic and policy lessons. Statists have tried to scare young people that there’s a fight over whether people have the right to access birth control. They’ll privately admit that this is just empty rhetoric (after all, there were no barriers to birth control in the pre-Obamacare era), but they nonetheless still argue that the mandate is needed for affordability reasons.
My most important point was that capitalism is the only successful model for creating broadly shared prosperity and I used examples from the Pope’s home region of Latin America to show that nations with more economic liberty are far more successful.
It’s no secret that I have very little faith in the competence and good will of government. I focus primarily on the fecklessness of Washington, but I also can’t resist highlighting malfeasance and stupidity by local governments, state governments, and foreign governments.
I don’t want anyone to accuse me of red-baiting, so let’s pretend communism never existed and look at an unfortunate episode from American history. When the colonists created the Plymouth Colony, they used a socialist model... And Capitalism ultimately saved the day.
But let’s not get all serious when there’s turkey and football to occupy our attention, so let’s close with some great cartoons.
Citing polling data with poorly (or dishonestly) worded questions, anti-Second Amendment ideologues often argue that gun control is popular. The real test, though, is what happens on election day.
I have great sympathy for almost all segments of the population that have been disadvantaged by Obamacare. Among the victims are many relatively powerless people, including children, low-income workers, and retirees. But, there's always an exception.
Today, however, I want to agree with Paul Krugman. He recently wrote that there’s a “plot against France,” and I think that’s unambiguously true. But we do have one small disagreement.
The latest scandal to be unearthed is that “public servants” from a bunch of government agencies have been enjoying fun times in the Caribbean.
A friend sent me an example of three naval ships: The Reagan, Clinton, and Obama
I greatly admire the way some political cartoonists are able to effectively capture the essence of an issue. And when it comes to government, I’ve always enjoyed the cartoons that portray the state as a blundering, often-malicious, overweight nitwit.
?Regular readers know I complain about the army of overpaid bureaucrats in Washington, but that’s just the tip of the iceberg. The larger problem is that Washington also is filled with hundreds of thousands of other people who get rich thanks to big government.
Open Letter to Obama and Congress From Internet Giants Calls For Reining In Government Surveillance | Nick Sorrentino
(An important interview) Saving the Net from the surveillance state (And Crony Media): Glenn Greenwald speaks up (Q&A) | Nick Sorrentino