Tag Archives: markets

An Experiment in Progressivism

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This one has the advantage of being live and current. The Progressive-Democratic Party has extended its control over the State of California.  The results accumulating from the several years of Progressive-Democratic dominance (now outright control) are these.  California has

  • the highest welfare numbers (a third of all Americans on welfare live in California)
  • the largest contingent of illegal immigrants
  • a burgeoning homeless population
  • onerous regulations on business and private property
  • mediocre public schools
  • high income taxes (the highest marginal rate is 13.3%) and sales taxes
  • a yawning gap between rich and poor
  • its own summer blend of expensive gasoline
  • bedraggled and crowded roads
  • a widely mocked high-speed rail boondoggle

Sadly, it doesn’t get any better than that for California.  Or for our United States if the Progressive-Democratic Party makes further gains in 2020 or beyond.

French Tax, Tax, Tax

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Now the French have decided to add another tax on American multinationals—a 3% “digital-services” tax on companies that do “targeted advertising or run[] a digital marketplace,” a tax aimed in particularly at Alphabet’s Google and Amazon.com.

Finance Minister Bruno Le Maire:

These giants use your personal data and make a significant profit from it, without paying their fair share of tax[.]

This, though, is a conflation of two separate issues, cynically done in order to obfuscate the French government’s drive for ever higher taxes and never lower spending.  It may well be that “these giants” take advantage of personal data for the sake of profit.  Whether that particular profit should be taxed especially, though, is a tax matter, not a data use/abuse matter.  Especially coming, as it does, against the backdrop of the government’s men continuing to decline to say how much is companies’ (or rich folks’, come to that) fair share.

Tax, Tax, Tax

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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.

And this from Senator Brian Schatz (D, HI) who intends to introduce a similar bill in the Senate, citing the need to discourage “risky, volume-based trading.”

Because Progressive-Democrats Know Better than us petty citizens how to invest or trade.

Cutting spending, on the other hand, is utterly inconceivable to Progressive-Democrats.  After all, they also know how to spend our money better than we do.

Alphabet Strikes Again

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Recall Alphabet’s decision to use its Google arm to help the government and defense establishment of our enemy, the People’s Republic of China, while simultaneously refusing to help our own develop the tools needed to defend our nation.

Now Alphabet has chosen to use its Google facility to actively aid the government of Saudi Arabia in keeping Saudi women down on the Arab farm.  The Saudi government has put an app into Alphabet’s Google Play store that allows Saudi male citizens to track “their” Saudi women and control where they travel.

Alphabet says that’s jake and refuses to block the app.

Whatever happened to Don’t be evil?  Whose side are these Precious Ones on, anyway?

Guild Monopolies

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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:

We are not improving the health system by taking skills away from physicians and giving them to professionals who do not have their training. There comes a time when things have to stop.

No, what improves the health system is no longer wasting time and resources of guild members doctors on minor ailments that half the developed world considers their citizens smart enough and capable enough to deal with on their own, including purchasing minor medicaments for those minor ailments.  What improves the health system is leaving those otherwise wasted time and resources free to deal with the truly sick.  What improves the health system is no longer wasting time and money of those citizens—directly or through tax dollars—on consulting doctors in order to get access to minor medicaments for minor ailments.

What improves the useless sense of self-importance is the reservation of such trivial decisions to doctors.