Daily Archives: 4 February 2019

Now He Has To Run

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Howard Schultz, who has been thinking of running for President as an Independent, is rethinking that.

The billionaire and former Starbucks CEO has told advisors that he was shocked by the stridency of the attacks made by Democrats following the announcement he was seriously considering running for president as an independent in the 2020 election, and is now said to be looking more closely at whether he wants to go through with the effort[.]

And

The intense nature of the criticism stunned Schultz, people close to him tell FOX Business. While he expected some carping, he did not foresee the ferocity of some of the vitriol, particularly from the party’s top officials and operatives. In addition to the barrage of criticism from leading Democrats, Schultz was also blindsided by the grass roots blowback….

The desperation of the Progressive-Democrats’ vitriol demonstrates the need for a Left-leaning Independent to run, if only to temper the Party’s excesses.  The bullying itself demands he run, lest he validate bullying as a political tactic.

If Schultz backs out now, he’ll show himself for a coward, and more dangerously for the nation, he’ll vindicate the Progressive-Democrats’ tactics of smear and personal ruin.

All Your Prosperity Belong to Me

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Senator Bernie Sanders (I, VT), who caucuses with the Progressive-Democrats, has joined the Progressive-Democratic Party’s race to the bottom.  The President wannabe has proposed his cynically named For the 99.8% Act, which is targeted explicitly against the 588 Americans he hates the most: the 588 most successful of us.  His bill would deny these few Americans their ability to pass on the outcome of their success to their heirs, their families; his bill would overtly punish these most successful—and their families—for their success.

It’s a bill that’s borne of personal animosity and rank envy.  It’s a bill that would

establish a 45% tax on the value of an estate between $3.5 million and $10 million; a 50% tax on the value of an estate between $10 million and $50 million; a 55% tax on the value of an estate in excess of $50 million; and a 77% tax on the value of an estate above $1 billion….

Sanders rationalized his punitively confiscatory tax by claiming that what’s really needed is

stronger investment in skills, higher paying jobs, and a more progressive tax system.

He is ignoring the fact that the more progressive our tax system, the more it and the purveyors of progressivism punish success.  He is ignoring the fact that folks like the Walton family, the Kochs, and Jeff Bezos—from whom alone he would confiscate some $304 billion—have created more jobs and more higher paying jobs and have done more investment in work skills than anything Government has done.

Sanders is ignoring the fact that that money doesn’t sit in some vault as cash or gold bullion.  It’s invested, plowed back into the economy to create innovation, businesses, jobs, philanthropy, educational opportunities—even health coverage plans—all things Government cannot do as well, if at all.

For all Sanders’ and his Progressive-Democrat cronies’ rationalizations to the contrary, this bill and its ilk are nothing but the actualization of their mindless resentment of the achievements of others.