Trump is Wrong

Former President Donald Trump (R) wants Ukraine and Russia to negotiate an agreement in their war before it is too late.

He warned that if the countries fail to soon reach a peace agreement, “there will be nothing left but death, destruction, and carnage.”

On this, Trump couldn’t be more wrong. There already is death, destruction, and carnage, all inflicted by Russian President Vladimir Putin’s barbarian army wherever it has occupied parts of Ukraine—it’s only necessary to see the butchery of civilians and civilian hospitals, residential neighborhoods, the bodies left lying in the streets of Russian occupied towns around Kyiv, like Bucha, and the occupied parts of Mariupol; and the ongoing carnage as the barbarian continues to target civilians, particularly including women and children, in cities like Kharkhiv, Chernihiv, Mariupol (still), and on and on in southern Ukraine and in the Donbas; and the barbarian’s explicit efforts to raze to the ground major Ukrainian cities like Mariupol and Chernihiv and Kharkhiv; and the barbarian’s agreeing to civilian evacuation corridors and train runs, only to then specifically attack those corridors and trains as soon as they are filled with evacuating civilians.

Trump went on:

The solution can never be as good as it would have been before the shooting started, but there is a solution, and it should be figured out now—not later—when everyone will be DEAD!

On this, Trump is correct, but not in the way he envisions. With only a little exaggeration about the “everyone,” many more Ukrainians will die if Putin succeeds in his effort to conquer Ukraine—see, for instance, his capture and exile into the Russian interior of some 40,000 civilians in what’s left of the barbarian-occupied parts of Mariupol.

There is, indeed, a solution, and it would be, in many ways, better than before the shooting started, even if in other ways, it would not be—cannot be—as good.

That solution is to apply the only negotiation possible between Ukraine and Russia: Putin’s agreement to remove his barbarian army from all of Ukraine, along with Putin’s payment of (not merely agreement to pay) reparations for the death and destruction he’s inflicted.

The former would be an improvement, since it would be a restoration of Ukrainian territory to Ukraine and an acknowledgment of Ukraine’s existence as a separate, independent nation and of its associated national sovereignty. The latter would be a necessary item but the deaths can never be restored, and the destruction will take years to rebuild—years that are lost to the status quo ante bellum Ukraine forever.

Corporate Tax Rate Cuts

…must lead to Federal government tax revenue reductions. Or so Progressive-Democrats claim. Say it ain’t so, Joe. President Joe Biden (D) won’t say it, though, so I will. It ain’t so, as this table from The Wall Street Journal illustrates.

When you leave money in the hands of private economy operators—individual or corporate—they do productive things with their money. That productivity leads to more R&D, more innovation, more physical capital improvement, physical capital expansion, wage increases, more jobs (which represent the mothers of all wage increases, for many, from zero wage to an actual paycheck), the latter two leading to human capital improvement, which leads to greater private economy demand for goods and services, which leads to greater production of those goods and services, expanding the economic virtuous circle.

In comparison, Government merely redistributes from one operator—individual or corporate—to another its collected revenues, producing very little. Even the redistributions to noneconomic operators—individuals on welfare, for instance—the resulting production has less value than the transferred funds. The recipients of those redistributions have very small demand increases from the redistributions since they start out with small demands: they’re unemployed or employed only in low-wage, low-value jobs, and all those redistribution payments do is trap those folks in those two statuses.

All of that is even before any discussion of any need for the tax revenues Big Government Progressive-Democrats claim exists.