As Democrats demonize Wall Street CEOs as the "greedy" fiends of the financial crisis, they've lined their own pockets — both before and after the crisis. Nancy Pelosi's just the latest example.
ISLAMISTS: French Magazine Publishes Cartoon Of Mohammed, Gets Firebombed.
Here’s the cartoon. It’s important that such actions lead to the “offending” speech being seen by more people, rather than fewer. Incentives matter.
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.
For all intents and purposes, they want to double down on the cross-subsidization policies that have undermined markets and crippled the global economy.
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.
I guess Obama doesn't know that the Transcontinental Railroad was a Solyndra-like Big Government scandal. The railroad didn't make economic sense at the time, so the government subsidized construction and gave the companies huge quantities of the best land on the continent.As we should expect, without market discipline -- profit and loss -- contractors ripped off the taxpayers. After all, if you get paid by the amount of track you lay, you'll lay more track than necessary.
The Union Pacific and Northern Pacific -- all those rail lines we learned about in history class -- milked the taxpayer and then went broke.One line worked. The Great Northern never went bankrupt. It was the railroad that got no subsidies.
In short, markets in the five months after TARP’s adoption were much worse off than in the previous five months, and they performed worst of all precisely in the sector (banks) that TARP was supposed to “help.” These empirics are irrefutable. Those who claim TARP was good policy have to believe bank stocks would have plunged 90-95%, except for TARP capping the loss at 72%. Such a claim would be absurd.
Plain logic explains the empirics: investors are right to view political control of banks as bearish, not bullish. Just as this principle applied to U.S. banks amid TARP’s enactment in 2008-2009, it applies this year to European banks amid the EFSF, since they too are being compelled to accept politicized capital injections (and controls) from European states that refuse to fix their own failed finances or buttress their own shoddy bonds.
The poster you see above refers to a short-lived show on Fox, Firefly, which has since gone on to become a cult hit. Apparently the poster was deemed offensive by someone(s) at the school. (For the record, I don’t think anybody has a problem with actor Nathan Fillion, who’s gone on to star in the ABC hit Castle.) Evidently, the text was the problem. Specifically the mention of killing, and the implication that weapons (ie: GUNS) would be used in the crime. If you’re having a little problem with your browser reading the text, here’s what you’re missing:
You don’t know me son, so let me explain this to you once: If I ever kill you, you’ll be awake. You’ll be facing me. And you’ll be armed.
Even if you are logged out, Facebook still knows and can track every page you visit. The only solution is to delete every Facebook cookie in your browser, or to use a separate browser for Facebook interactions.
On Sept. 16, at a ceremony involving some fanfare, President Obamasigned the ironically-styled America Invents Act into law. While posed as an effort to “modernize” U.S. patent law by “harmonizing it with the rest of the world,” the bill actually represents an effort by multinational and foreign corporations to crush America’s vital culture of independent inventors.
