Category Archives: political economy

Punishing Success

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Los Angeles has decided that the successful are too successful, and they must be knocked down. To that end, the city’s government has decided to tax the sales proceeds of the wealthy’s homes at 4% on homes sold for $5-$10 million and at 5.5% on homes sold for more than $10 million. This is on top of the real estate brokers’ ordinary 6% fee, and it’s paid by the buyer. Not that that will have any impact on the seller’s ability to sell at a fair price, or anything.

LA isn’t alone in this “mansion tax” move, either. Other jurisdictions, mostly at the State level (it won’t be long before California broadens LA’s move), are doing this, also. They’re all Progressive-Democrat-run, too, all but one of them exclusively so.

  • Connecticut: 2.25% on properties surpassing $2.5 million. Progressive-Democrat Governor, Senate, House
  • District of Columbia: 1.45% on properties sold for $400,000 or more. Progressive-Democrat Governor, City Council
  • Hawaii: Marginal rates ranging from 10% to 20% for estates valued over $5.49 million. Progressive-Democrat Governor, Senate, House
  • New Jersey: 1% on real estate transactions exceeding $1 million. Progressive-Democrat Governor, Senate, House
  • New York: 1% to 3.9% on residential acquisitions of $1 million or more. Progressive-Democrat Governor, Senate, House
  • Vermont: 16% on properties valued over $5 million. Republican Governor, Progressive-Democrat Senate, House
  • Washington: Graduated rates starting at 1.28% for properties sold at a minimum of $500,000. Progressive-Democrat Governor, Senate, House

And, to repeat,

  • Los Angeles: 4% on homes sold for more than $5-$10 million and 5.5% on homes sold for more than $10 million. Progressive-Democrat Mayor, City Council

This is behavior of the green-eyed jealous politicians of the Progressive-Democratic Party: seizing the produce of success and redistributing it for their own political gain. It’s also just one more incentive for the successful to leave these jurisdictions altogether.

Medical Marijuana

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Amid the long and still growing controversy and disconnect between States’ handling of marijuana—viz., State level legalization of marijuana sales both for recreational and medicinal purposes—and Federal law maintaining marijuana trafficking as illegal, one aspect of that controversy keeps getting overlooked.

States often rationalize their legalization of marijuana with the claim that medicinal marijuana is good. This overlooks the fact that marijuana has no more medicinal value than does the opium poppy. There is a growing body of anecdotes that indicate that there can be medicinal value from some of the chemicals in marijuana, just as there is established medical value in some of the chemicals, viz., morphine and codeine, in the opium poppy.

There also, though, is a growing body of evidence that uncontrolled use of marijuana is physiologically and mentally damaging to the users as they become increasingly dependent—emotionally as well as physiologically—on the plant’s drugs. Further, chronic use of the plant appears to lead to damage to still-developing brains (which development continues into a person’s mid-twenties) and to slower developing damage to mature brains.

What really needs to happen is research into marijuana to identify the chemicals and combinations of chemicals in marijuana, if any, that do have medicinal value. Once that research has been done, and specific chemicals’/chemical combinations’ medical value established, then marijuana growing should be licensed just as is opium poppy growing for the medicinal value of some of its chemicals. The marijuana chemicals/combinations with medical value then should be marketable as prescription drugs for particular medical uses, just as poppies’ prescription-required drugs, are.

Impeaching Mayorkas

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House Homeland Security Committee Chairman Mark Green (R, TN) is bent on impeaching DHS Secretary Alejandro Mayorkas over his palpable, and dangerous, failure to perform. This is, at best, a fool’s errand since the votes don’t exist in the Senate to get even a serious trial, much less a conviction.

I have a better idea, because of course I do.

Instead of wasting time on impeaching Mayorkas, Green, and the House at large, should exercise the House’s Constitutional control over government spending and move to cancel all funding for much of the Department of Homeland Security until Mayorkas and his Deputy and Assistant Secretaries are gone and the Department has materially improved its performance related to keeping illegal aliens from entering our nation.

Specific DHS agencies that should receive full, if not increased, funding include these:

  • United States Citizenship and Immigration Services
  • United States Coast Guard
  • US Customs and Border Protection
  • Federal Emergency Management Agency
  • US Immigration and Customs Enforcement
  • United States Secret Service
  • Transportation Security Administration
  • Office of the Inspector General

All the other agencies—and there are 16 more of them, including such strongly overlapping agencies as the Management Directorate, the Office of Legislative Affairs, the Office of Partnership and Engagement, and the Office of Public Affairs (there’s a hint there regarding how bloated the Department has become)—should have their funding zeroed out.

Further, the House should refuse to pass any DHS-related bill that does not include these funding reductions.

Red Sea and Political Timidity

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In the wake of repeated Houthi terrorists’ rocket, missile, and drone attacks against commercial shipping in the Red Sea and in the Gulf of Aden approaches to the Sea, BP has decided to abandon (BP is saying it’s a “pause”) this shorter and cheaper route and instead to go around Africa altogether to get to the Mediterranean Sea and to ports in Europe. Maersk has already made that decision; other shippers will follow, I predict.

BP’s statement, in part:

The safety and security of our people and those working on our behalf is BP’s priority. We will keep this precautionary pause under ongoing review, subject to circumstances as they evolve in the region.

The safety and security of commercial shipping in international shipping lanes also is the claimed purpose of the US Navy’s Freedom of Navigation operations, wherein our Navy often sails the sea lines of communication, often explicitly sailing contested routing through international waters. Simply sailing through, though, without doing anything other than being momentarily present, doesn’t accomplish much, as the terrorists’ actions in the Red Sea and the Gulf of Aden are so clearly demonstrating.

Progressive-Democrat President Joe Biden is pretending to be trying to establish a coalition to protect trade through the Red Sea, but in the meantime, he’s not allowing the Navy to do anything more than shooting at those rockets, missiles, and drones that a couple of its ships can reach after those weapons already have been fired. Biden is not allowing our Navy to take overt and aggressive action to prevent those weapons from being launched in the first place. He’s not, for instance, allowing our Navy to destroy the Houthi’s launch sites throughout Houthi occupied Yemen, much less respond reactively to destroy those facilities involved in a particular attack.

Nor is he allowing our Navy to destroy Iran’s Persian Gulf, Strait of Hormuz, and Gulf of Oman ports, thereby seriously limiting Iran’s ability to supply the terrorists in Yemen.

Regarding his pretend coalition effort, Biden isn’t even working with Saudi Arabia in their effort to defeat the Houthi terrorists and restore the government of Yemen, which currently is resident in Saudi Arabia.

For those who object to the US acting as, spending treasure and equipment to be, the world’s policeman, what’s going on in the Red Sea and the Gulf of Aden is a clear and present demonstration of what happens with a President too timid to act, of what happens when we stop being the world’s policeman.

The US needs to act, whether other nations have the courage to do so or not. If we act, they will follow, or if they don’t, we still will have acted. And we don’t have to extend as much support as we do to those nations happy to freeload off our efforts or too timid to act themselves, even in concert with us. The spending on that support can be reallocated to our policeman role.

Nanny State in Automobiles

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Tesla is recalling a double potful of its cars over autopilot performance.

A Wall Street Journal analysis of dashcam footage and data from a crash in Texas in 2021 shows Tesla’s Autopilot system failed to recognize stopped emergency vehicles.

That sort of thing wants correction, certainly.

However, the larger problem is this:

Tesla will recall more than two million vehicles over concerns its Autopilot system can be misused by drivers[.]
…
Tesla’s Autopilot system may not have sufficient controls in place to prevent driver misuse, [National Highway Traffic Safety Administration] said.

Failures of the autopilot system need to be corrected, and that’s on Tesla. Driver misuse, though, is on the driver, not the manufacturer. Trying to shift that responsibility away from the user/driver is rank nanny state-ism.