One problem with the top 1% simplification is that people who have college degrees aren't experiencing high unemployment. So it would be equally fair - and by that I mean equally illogical - to conclude that highly educated people are stealing the nation's wealth from less educated people. That's a bumper sticker you won't see.I would also be willing to bet that the average math skills of the people who are doing well in this economy are better than the average math skills of the people who are suffering. In other words, the Occupy Wall Street protesters are probably comprised of more psychology majors than engineering majors. But no one is suggesting that people who are good at math are stealing the nation's wealth from people who are not. That's not a catchy slogan.
Monday, October 24, 2011
For all intents and purposes, they want to double down on the cross-subsidization policies that have undermined markets and crippled the global economy.
Thursday, October 20, 2011
The whole purpose of a flat tax, à la 9-9-9, is to lower marginal tax rates and simplify the tax code. With lower marginal tax rates (and boy will marginal tax rates be lower with the 9-9-9 plan), both the demand for and the supply of labor and capital will increase. Output will soar, as will jobs. Tax revenues will also increase enormously—not because tax rates have increased, but because marginal tax rates have decreased.
By making the tax codes a lot simpler, we'd allow individuals and businesses to spend a lot less on maintaining tax records; filing taxes; hiring lawyers, accountants and tax-deferral experts; and lobbying Congress. As I wrote on this page earlier this year ("The 30-Cent Tax Premium," April 18), for every dollar of business and personal income taxes paid, some 30 cents in out-of-pocket expenses also were paid to comply with the tax code. Under 9-9-9, these expenses would plummet without a penny being lost to the U.S. Treasury. It's a win-win.
Saturday, October 15, 2011
Monday, October 10, 2011
>> Plus, in a year when voters are heartily sick of professional politicians, he’s an outsider with both a record of accomplishment in business and a compelling personal story. This includes his upbringing in the segregated South, his service as a Navy systems analyst, a successful term as the head of Godfather’s Pizza and a stint as Federal Reserve Bank chief in Kansas City. He’s even a Baptist preacher.
>> There’s not a whiff of the grievance industry about Cain, a throwback to the up-by-your-bootstraps philosophy of Booker T. Washington. His parents were working class (chauffeur, maid) and he graduated from historically black Morehouse College in Atlanta -- the first member of his family to get a college degree. He’s solidly tied to the African-American experience, yet he’s not running as a “black candidate,” but as an American.
Wednesday, October 05, 2011
>> Wolf listed the following as concerns about Norquist’s personal associations:
>> • His relationship with disgraced lobbyist Jack Abramoff
> • His ties to known terrorist financiers Abdurahman Alamoudi and Sami Al-Arian
> • His support for the Ground Zero Mosque
> • His advocacy for transferring Guantanamo detainees to U.S. soil
> • His lobbying on behalf of Fannie Mae
> • Hi representation of the Internet gambling industry
>> “Simply put, I believe Mr. Norquist is connected with or has profited from a number of unsavory people and groups out of the mainstream,” Wolf said.
Tuesday, October 04, 2011
http://www.washingtonpost.com/world/amanda-knox-heads-home-after-appeals-cour... > Amanda Knox was freed from prison in Italy after an appeals court on Monday overturned her conviction for the sexual assault and murder of Meredith Kercher and the judge ordered her immediate release.
Power Line comments:
http://www.powerlineblog.com/archives/2011/10/my-thoughts-on-amanda-knox.php > I think the conviction of Knox and Sollecito was an outrageous miscarriage of justice, driven by preoccupations on the part of the prosecutor, and maybe some policemen, that can only be described as medieval. There was no meaningful evidence against them. None. And–this is a fact that is often lost sight of–we actually know who killed Meredith Kercher. It was Rudy Guede.
>> Let me amend that. We know for sure that Guede raped Kercher, based on DNA evidence that, as far as I know, is undisputed.