Censorship

The Wall Street Journal opined the other day on the New York Yankees and the Philadelphia Flyers banning Kate Smith and her rendition of God Bless America from the opening of their home games.  The WSJ takes the position that this is overwrought concern for perfection in today’s persons, demanding even perfection of their past.  Smith was, as we all are, and the WSJ notes, a person of her time. The WSJ went on:

Smith’s fate suggests the dominant impulse of our era is in fact to censor—and that those rifling through the histories of people long dead for evidence to destroy their reputations are progressive Puritans, seeking to suppress or cover up anything they object to.

I’m not so sanguine.  The Yankees and Flyers aren’t censoring Kate Smith for her early last century-era songs that very few of us knew about, or remembered—and some of which were satirical, not straight up. No, they’re showing their Liberal bona fides by censoring a song that glorifies America.

Economic Performance

…and one Progressive-Democrat’s tax proposal.  Although, the fact is that these effects aren’t unique to Senator and Progressive-Democratic Party Presidential candidate Elizabeth Warren (D, NM): the trend of effects are the outcomes of all the Progressive-Democratic Party’s proposals, differing only in detail.

Warren’s particular proposal is to tax business profits above $100 million at 7%.  Here are some outcomes of such a thing, according to the Tax Foundation, with the FoxBusiness cited.  A tax like this would

  • reduce incentives to invest, so GDP would shrink by ~1.9% over the long-term
  • reduce a firm’s capital by 3.3%
  • reduce wages by about 1.5%
  • eliminate as many as 454,000 full-time jobs
  • reduce after-tax income across the entire economy by 0.93%, with the biggest reductions on the top 1% of taxpayers
  • considering that shrinkage of our economy, after-tax income reduction could be an even larger 2.16%

But, hey, it gets after that hated 1%, so it’s all good.

This is of a piece with all Progressive-Democrat tax ideas, based as they so much are on their belief that the money really isn’t the business’ money, anyway.  They didn’t earn that.  They had (Government) help.