In a desperate effort to keep the global warming hoax alive even though it is now called “climate change”, the meteorologically challenged print and broadcast media is now declaring all weather “extreme” these days.
Gov. Pat Quinn’s “millionaire tax” question, the most recent nonbinding vote added to the bloated November ballot, is not only a misguided effort to draw his base to the polls with blatant class warfare but incredibly poor public policy. Like all “soak the rich” tax schemes, the imposition of increased taxes on high-income earners will discourage new capital and entrepreneurs from entering the state.
How obscene is it for a Florida jury to award $23.6 billion to the widow of a man who died of lung cancer in 1996? She sued R.J. Reynolds Tobacco Company by asserting that her husband had been “fooled” into starting the smoke at age 13. Apparently he had never heard cigarettes referred to as “coffin nails”, a slang term that has been around since the last century. And how come all those patches, chewing gum, and other means to stop smoking had no effect, if used by her late husband?
The Obama Administration has proposed its latest form of collectivist control over the American people. In a letter to Congress U.S. Treasury Secretary, Jack Lew, has called for punishment and prohibition of any company that tries to move its headquarters overseas to avoid higher taxes in the United States. Plus, Mr. Lew has the audacity to call his proposed territorial imprisonment of American business, “economic patriotism.”
The subject of tax inversion, in which American firms avail of lower tax rates in foreign countries by merging companies in those countries, has become very topical in the last couple weeks thanks to a decision by Abbvie, a drug company, to merger with Shire, an Ireland-based firm and move its headquarters overseas. One of at least 47 tax inversions in the last decade, the Abbvie-Shire deal is the largest such action yet, worth $54 billion. Perhaps unsurprisingly, President Obama and Democrats in Congress have become apoplectic with rage at the audacity of a business making a prudent decision to escape bloodsucking taxes.
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[...]
When a friend of mine was young, his family kept their dog close to home with one of those invisible fences. It delivered a mild shock to the dog’s collar when he crossed its line. One day, the fence posts shorted out. But the dog still refused to cross the shock-less border. There was nothing keeping him fenced in but his mind.
I have difficulty with viewing these arguments from Wehner and Gerson (and David Frum) as anything but naive posturing. For Gerson, the aim seems to be that the drug war is something that is helping people, and backing off from it is bad for society; for Wehner, he seems to conclude that the path back to electoral success is doubling down on the drug war to appeal to single women and moms.
It began as the idea of one eccentric entrepreneur, but now has 1.3 million signatories backing it: the case for breaking California up into six separate states is gathering steam. When the Six Californias campaign began, most serious commentators thought it was crackpot scheme, a pipe-dream of a few people that had no hope of gaining traction. They have been proved wrong. To an extent anyway.
Wind energy produces costly, intermittent, unpredictable electricity. But Government subsidies and mandates have encouraged a massive gamble on wind investments in Australia – over $7 billion has already been spent and another $30 billion is proposed. This expenditure is justified by the claim that by using wind energy there will be less carbon dioxide emitted to the atmosphere which will help to prevent dangerous global warming.
Americans recently celebrated Independence Day—the day the Continental Congress formally adopted the Declaration of Independence and announced the 13 American colonies regarded themselves as sovereign states no longer part of the British Empire and subject to its rules and taxes.
Prominent libertarians have been making the news with various proposals to build libertarian paradises free of government control. Venture capitalist Peter Thiel has perhaps been the most vocal, with his support for building floating free cities in international waters well known. While such grand visions may be possible to achieve, they are still a ways off from fruition. If you are looking for a libertarian refuge in the here-and-now, however, there is a place for you to go: New Hampshire.
Slowly but surely, Washington is waking up to the idea that the current surge in populism is not some flash in the pan, but a real and sustained trend in politics on the right and left. Distrust and frustration with an economic and political system that rewards, defends, and bails out the wealthy, powerful, and well-connected while leaving the middle and working class to get squeezed by stagnant wages and the higher costs of the basic staples of life, has made things which were once considered humdrum politics as usual suddenly controversial.
According to the Commerce Department, the economy based on its Gross domestic product–the value of its goods and services–fell at a seasonally adjusted annual rate of 2.9% in the first quarter of this year. That was the largest recorded drop since the end of World War II in 1945!