Tax the Rich

Posted on 8 March 2019 by eehines

Of course, tax the rich, but tax everyone else, too. The latest get (the) rich quick scheme, this one offered by Alan Davis, The Leonard and Sophie Davis Fund President and ex-founder and CEO of Conservatree Paper Company, though, falls into the same trap that all the other Progressive-Democrat schemes—Senator Elizabeth Warren’s (D, MA) wealth tax, Senator Bernie Sanders’ (I, VT) estate tax expansion, and Congresswoman Alexandria Ocasio-Cortez’ (D, NY) 70% marginal tax—do. What Davis is proposing is

a 10% surtax on the earnings (including both income and capital gains) of the top 0.1% of taxpayers

This is a preview of Tax the Rich. Read the full post (345 words, estimated 1:23 mins reading time)

Tax, Tax, Tax

Posted on 8 March 2019 by eehines

The Progressive-Democrats want more. It’s almost like an OPM addiction.

Now they’ve proposed the Wall Street Tax Act of 2019, which is intended to charge traders and investors a price for the privilege (apparently) of investing in economic products. Their bill would

impose a tax on the purchase of most securities—including stocks and bonds—and on transactions involving derivatives. The tax would be about 0.1% of the value of the security or 0.1% of all payments made under the terms of a derivative contract.

Because Progressive-Democrats just can’t get enough of our money.

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Never Worked…Doesn’t

Posted on 4 March 2019 by eehines

In Great Britain, unemployment is the lowest it’s been in over four decades, and employment is commensurately high. But that’s a misleading datum.

[A]n astonishing 3.6 million adults have never been paid for work, official figures from the Office for National Statistics show.

That’s 10% of the (chronologically) adult population in Great Britain. Of the “young adult” demographic—those in the 16-24 age range—a truly astonishing 71% have never worked for pay. Not a single hour.

The British economy isn’t in the doldrums over Brexit or no-deal Brexit. Not at all.

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Guild Monopolies

Posted on 3 March 2019 by eehines

They live on in France, especially in the medical profession.

It seems that Thomas Mesnier, a La République En Marche! National Assemblyman, has committed the unpardonable sin of proposing that pharmacies(!—not even establishments like grocery stores) be allowed to sell over-the-counter medicines without the buyer first consulting a doctor and getting a prescription. The medications Mesnier has proposed be salable without prescription include such dangerous drugs as paracetamol (the French version of acetaminophen), ibuprofen, non-codeine-containing cough medicines, cold medicines, allergy medicines, and the like.

The horror.

Here’s Guild Master National Order of Physicians President, Patrick Bouet:

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Work…Works

Posted on 1 March 2019 by eehines

Sam Adolphsen, Foundation for Government Accountability’s Vice President of Executive Affairs, writing for Fox Business, commented on that in a piece about Medicaid’s work requirement in Arkansas—about which Progressive-Democrats in Congress are in an uproar.

Those Progressive-Democrats have complained that work requirements

“threaten[]” Americans…work [is] a “restrictive condition.”

These politicians of the Left ignore two things. One is the trivial one: no one is forcing anyone to work; the only “restriction” is that, in order to get any of Arkansas’ OPM, recipients must go to work in Arkansas or make a good faith effort to do so.

This is a preview of Work…Works. Read the full post (314 words, estimated 1:15 mins reading time)

Metaphors R’nt Us

Posted on 28 February 2019 by eehines

President Donald Trump, speaking about the dangers of fentanyl and the risks of open borders letting stuff like this (among other things and thugs) pour in, said,

A little tiny spoonful can wipe out a state. It’s hard to believe. It can wipe out an entire state, a spoonful of this stuff[.]

The Associated Press will have none of this. They “corrected” him:

A teaspoon of illegally made fentanyl could conceivably kill 3,000 people, by one measure. The state with the smallest population, Wyoming, has about 578,000 people. It would take close to 200 teaspoons to kill a population of that size.

This is a preview of Metaphors R’nt Us. Read the full post (192 words, estimated 46 secs reading time)

No National Defense for You

Posted on 27 February 2019 by eehines

Many Microsoft employees don’t want the United States to be able to defend itself—to defend its citizens and resident aliens.

More than 150 Microsoft employees signed a letter demanding the tech giant cancel a $480 million contract to build a HoloLens for the Pentagon, saying they “refuse to create technology for warfare and oppression.”

And

We are alarmed that Microsoft is working to provide weapons technology to the US military, helping one country’s government “increase lethality” using tools we built. We did not sign up to develop weapons, and we demand a say in how our work is used[.]

This is a preview of No National Defense for You. Read the full post (218 words, estimated 52 secs reading time)

No Delay

Posted on 26 February 2019 by eehines

European Council President Donald Tusk, whose contempt for the Brits and their move to free themselves of the European Union is well known, now is insisting that Great Britain just willy-nilly delay its exit past the current legally mandated 29 March date.

European Council President Donald Tusk said that keeping the current divorce date at March 29 would be risky, as a revised deal is not in sight and businesses are worried about a chaotic exit under a “no deal” situation.

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The EU, Tariffs, and Trade

Posted on 24 February 2019 by eehines

A collection of EU ministers are meeting in Bucharest to decide, among other things, how to retaliate against President Donald Trump’s tariff regime, which he has proposed implementing if the EU continues to not negotiate tariffs or US-EU trade in general.

German Economy Minister Peter Altmaier wants the ministers to act in unison, but he also has a more constructive view of how to approach negotiations with us.

…car tariffs between the US and Europe should be reduced and completely abolished.

Indeed. It’s what the German auto industry wants, too, and Trump has on offer a completely tariff-free trade regime for the US and the EU.

This is a preview of The EU, Tariffs, and Trade. Read the full post (185 words, estimated 44 secs reading time)

Putin Threatens

Posted on 22 February 2019 by eehines

Russian President Vladimir Putin, speaking during his state-of-the-nation address Wednesday, warned that Russia will aim new hypersonic missiles at the US should it deploy new intermediate-range missiles in Europe.

Russia and its predecessor USSR have aimed weapons, including nuclear weapons—ICBMs, SLBMS, nuclear-armed bombers—at the US since they first acquired the weapons. Does anyone really believe Putin doesn’t already have nuclear weapons aimed at the US today? Is anyone interested in some beachfront property north of Santa Fe?

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Tag Archives: economics