If you don’t may I suggest you make her acquaintance? This poised young lady, who speaks well in front of a crowd, in a high stress appearance, is a Texan. She is Amanda Thatcher, Lady Maggie’s granddaughter and it appears to me that backbone can be inherited. I don’t know her politics yet, but if I were you I’d be finding out.
Archive for the ‘Politicians’ Category
I don’t often reference the New york Times, but you need to read this first:
Sounds like a more accurate and truthful way to do the measuring, right?
Now read this from the census Bureau:
Now answer the question:
Who benefits by quoting overstated poverty numbers?
Generally I have not liked Senator Graham, but as they say in the South, “Even a blind squirrel finds a nut once in a while.”
Senator Lindsey Graham, during an interview with Fox News, discussed the devastating impact sequestration would have on the military and the news the Obama Administration has asked Defense contractors not to warn workers about layoffs. Graham called sequestration the dumbest idea Congress has come on with, and urged both parties and the President to step up to the plate and prevent these cuts from destroying the finest military in the world.
The Laffer Curve Wreaks Havoc in the United Kingdom
in which was written:
I’m more mystified by the behavior of economists. Let’s look at a couple of examples. Justin Wolfers and Mark Thoma recently cited some survey data to claim that the Laffer Curve was universally rejected by the profession.
But as James Pethokoukis of the American Enterprise Institute explained, the survey actually showed just the opposite, with economists by a margin of nearly 5-1 agreeing that lower tax rates could boost GDP (and therefore taxable income).
Those economists did say that a reduction in tax rates, based on current levels, would not cause taxable income to jump by a large enough amount to fully offset the revenue-losing impact of the lower tax rate. But the Laffer Curve says that only happens in extreme circumstances, so there’s zero contradiction.
So why did Wolfers and Thoma create a straw man in an attempt to discredit the Laffer Curve?
OK. First Let’s review what the Laffer Curve is:
I have a couple of quibbles with that video, but nothing important and it’s short and clear.
Now probable reasons for economists disdain:
1. Lowers demand for “erudite economic opinion” involving tax policy
2. Adoption of a “Flat” or better* still a”Fair Tax” would make optimizing the balance between growth and revenue so simple that the institutionalized obfuscation of who pays what by 80,000 pages of political favours in the laughingly referred Tax Code would be tossed out, robbing the politcrats of much of their power to reward or punish selected groups for political advantage (also #1 again).
3. No one can state they “know” where the optimum rate is except by simplification of the code and experimentation with the rate to observe where market forces place it. That takes us back to #1. Theory is much more fun (and lucrative) than experimenting with “messy” market forces and simply observing results to influence rate changes.
* The “Fair tax”, because it is collected at point of sale is more responsive, thus we wouldn’t have to wait very long for the market forces to show us where we were on the curve and whether we could safely raise tax percentages or should lower them. It would also build in a guage of whether we are encouraging or stifling growth by our tax rate. A Twofor!
MSNBC’s Chris Hayes says he’s “uncomfortable” with calling fallen soldiers “heroes.” Elon Musk just flew a module to the Space Station. Bill uses these two Memorial Day weekend examples to show that decline, like progress, is a CHOICE. Which will it be? Up or Down?
The environmental agenda has been infected by extremism—it’s become an economic suicide pact. And we’re here to challenge it. On Earth Day, visit http://www.freemarketamerica.org.
We all know why the Watermelons (Green outside, red inside) want America to fail. A failed state is ripe for totalitarian takeover. Just ask the Germans, the Russians, the Chinese, the Cubans, the Venezuelans, the Vietnamese, the Rhodesians (if you can find any), soon the Argentinians. and on and on and on
And to remind you of how long the Watermelon totalitarians and their media accomplices have been working on this:
From Newsweak (sic) April, 28, 1975
Before you can build a political house, you have to know what materials you have on hand. In Part 1 of The Battle of Big Ideas, Bill looks at the two visions of Mankind that Thomas Sowell has labeled “Constrained” and “Unconstrained,” and the examples of their twin Revolutions: the Constrained American Revolution and the Unconstrained French Revolution.