Tag Archives: markets

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.

Metaphors R’nt Us

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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.

Ooh. 200 teaspoons is a skosh over 4 cups (excuse my imprecision).  A drop in the ocean of fentanyl flooding our cities.

It couldn’t possibly be that Trump was speaking metaphorically.  Nope, can’t be that.

It couldn’t possibly be that Trump was exaggerating to emphasize a point.  Nope, not that either.

Buncha petty quibblers, AP is.

The EU, Tariffs, and Trade

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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.

The EU’s Trade Commission also estimates that were just the industrial goods tariffs, which average 4%, removed,

 exports in both directions could be boosted by 8% or 9% by 2033.

Trade Commissioner Cecilia Malmstrom:

We need to start negotiating[.]

So what’s the hold-up here?  Hmm….