Tag Archives: ethics

If It Moves, Tax It

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California Progressive-Democrat Congressman Ro Khanna has just clearly articulated his Party’s ideology regarding the valuables held by American citizens.

What I’ve said—and what Bernie Sanders [I, VT] said—is that we need a modest wealth tax on these billions of dollars that aren’t being taxed. They are just sitting there without ever paying income tax, and that funding could pay for the healthcare, childcare, and education of all Americans.

Contra Ronald Reagan, if it’s just sitting there, tax it, too. That money, that asset, that value—as Progressive-Democrats define it—belongs to a Progressive-Democratic Party-run government. That government will leave in us average Americans‘ hands what those men and women deem appropriate, and they’ll appropriate the rest.

Reducing Federal spending and reducing government’s overregulation of healthcare, childcare, and education would do far more for making those things, to coin a phrase, affordable for us average Americans than would raising taxes, confiscating ever more money from our pockets. And yes, those Evil Rich are Americans, also.

This is what we can expect from the reign of Progressive-Democrats.

Taxes

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Progressive-Democrats’ limiting factors for Evil Rich’s fair share and for how high to raise taxes are converging to: all of it. Pay everything you have.

Here’s an enumeration of what they’re demanding currently, courtesy of the WSJ‘s editors:

  • California: Service Employees International Union affiliate is seeking to qualify a referendum for the November ballot to impose a 5% wealth tax on residents with more than $1 billion in net worth. This includes stocks, illiquid stakes in private companies, artwork, patents, and family trusts.
    The tax would even be levied on illusory assets. Silicon Valley investors who own super-voting shares in a company would be taxed on their voting rights, rather than the value of their shares. A startup founder could be required to pay tax on the 25% of voting rights he controls even if he only owns 5% of shares.
  • Washington: Democrats have passed a 9.9% income tax on millionaires, despite a state constitutional ban on a graduated income tax.
    [I]n 2022…Democrats enacted a 7% tax on capital gains exceeding $250,000…[l]ast year they raised the rate to 9.9% on capital gains over $1 million. Now they’re extending the 9.9% tax to all forms of income.
  • New York: Albany…Assembly wants to raise the top state-and-local income-tax rate to 15.9% from 14.8%, and the Senate to 15.3%. Democrats also want to raise the state top corporate tax rate and let New York City raise its rate. That would make the top business tax rate nearly 20% in New York City.
    New York Mayor Zohran Mamdani…wants to increase the estate tax to 50% from 16% and impose a two percentage-point city tax surcharge on incomes over $1 million. That would raise the top individual rate in the city to 16.8%. If Democrats in Albany don’t deliver, he’s threatening an across-the-board 9.5% property tax hike.
  • Rhode Island: [Progressive-]Democratic Governor Dan McKee is pushing a 3% surtax on income over $1 million, which would raise the state’s top rate to 8.99%.
  • Virginia: One bill would impose a 3.8% tax on investment income of taxpayers making more than $500,000, which would raise the top rate to 9.55%. Another bill would create two new individual top tax brackets of 8% (starting at $600,000) and 10% (more than $1 million).
  • Congress: Maryland [Progressive-Democrat] Senator Chris Van Hollen wants to add three new tax brackets on high earners, which would raise the top federal rate by 12 percentage points to 49%. New Jersey [Progressive-Democrat] Senator Cory Booker is proposing to raise the current 35% tax bracket (starting at $256,226 for individuals) to 41% and the 37% bracket ($640,601) to 43%.
    …
    This [also] is a gigantic tax increase on small businesses that pay taxes at the individual rate—$1.01 trillion over 10 years for the Booker proposal, according to the Tax Foundation.

This, and much more—dangerously more—is what we can look forward to when the Progressive-Democrats resume their reign over our republic.

How Onerous

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Florida, in addition to requiring in-state unions to hold periodic recertification elections, is about to enact a bill that would require at least 50% of the members of government unions to show up in person to vote, with a majority of those voting “aye” to achieve recertification. I can hear the union squalls here in Texas.

South Florida [Progressive-]Democratic Senator Shevrin Jones said the bill would be “unions’ nail in the coffin.” American Federation of Teachers President Randi Weingarten said the bill is “designed to decimate our Florida locals and their contracts” because it “effectively forces” elections where “you have to turn out 50% of your entire bargaining unit or you lose your contract.”

50%! The horror. If it’s really that difficult to find that much union support—a quarter of the membership plus one—among its members, there’s a hint there regarding the utility of unions in the minds of their members.

Union managers should take this and run. The bills could have required a majority of union members to vote “aye” in a recertification election, rather than just that puny minority to get recertification.

Mistaken Responsibility

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A letter writer in Wednesday’s Wall Street Journal Letters section wrote of the need for cooperation in the American-Israeli war against Iran. He was right that the war would benefit from the cooperation of serious players. He had this, though, on that war:

Making the case to other nations helps legitimize the mission and its necessity.

This is the letter-writer’s misapprehension. The legitimacy of the mission and its necessity is inherent in that mission: Iran is the world’s moneybags for terrorists and terrorist activities, the most significant of which are Iran’s satraps, Hamas, Hezbollah, and Houthis. Iran is bent on acquiring nuclear weapons, which it would promptly use to erase Israel and to peddle to terrorists for use outside the Middle East. Iran is bent on building ICBMs with which to shoot its nuclear bombs at us.

The mission is the elimination of Iran’s ability to build nuclear weapons, the elimination of Iran’s ability to build missiles of any reach, the elimination of Iran’s ability to fund or otherwise support other terrorists anywhere. Those efforts have been badly damaged by the actions of last summer and, so far, the current mission.

This war has cooperation between the serious players: the US and Israel. Natterers, including the British PM and the German Chancellor, though, are not at all serious players.

The responsibility for cooperating with the US and Israel and joining the mission lies solely with those “other nations.” Their decisions to remain absent, to shirk their responsibility to Europe for the restoration of oil and natural gas flows through the Strait of Hormuz, says volumes about their alleged reliability in any crisis.

So far, Japan has signed on to assist with reopening the Strait of Hormuz amid the war with Iran. So, lately, have France, Germany, Italy, and Netherlands after their initial reluctance. The five nations’ joint statement can be read here. The TL;DR is this:

We condemn in the strongest terms recent attacks by Iran on unarmed commercial vessels in the Gulf, attacks on civilian infrastructure including oil and gas installations, and the de facto closure of the Strait of Hormuz by Iranian forces.
…
We express our readiness to contribute to appropriate efforts to ensure safe passage through the Strait. We welcome the commitment of nations who are engaging in preparatory planning.

Whatever “appropriate effort” means. “Preparatory planning” is just a weasel-word phrase meaning “but we’re in no hurry to do anything more than shake our fingers in the strongest terms.”

Japan’s assistance likely will be concrete; the units they send would gain valuable experience when the People’s Republic of China attacks the Republic of China and Japan needs to respond in answer of its commitment to RoC and to protect its South and East China Seas holdings. Those European nations? They’ll be busy hiding behind their definition of “appropriate effort” while they endlessly plan.

The FJC Has Become Unreliable

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Federal Judicial Center writes a manual that it alleges—and too many judges and Justices accept at face value—to be an unbiased source of information to help judges make unbiased assessments about scientific testimony.

It has ceased to be that. The Wall Street Journal has written before that the FJC‘s manual had a thoroughly biased chapter on so-called climate science, and that when that chapter was exposed for the disinformation section that it was, the FJC removed the chapter.

But wait—there’s more.

In the climate science chapter, footnote 77 says “discussion of attribution research has been adapted, and, in some cases, excerpted from the authors’ prior publications on this topic.” A review by American Enterprise Institute senior fellow Roger Pielke Jr noticed that one of those earlier publications was co-authored with a third person who wasn’t named as an author in the climate chapter.
Mr Pielke says the mystery author is Michael Burger, executive director of the Sabin Center [of which the late chapter’s lead author is a Senior Fellow]. But here’s the shocker. He is also of counsel at Sher Edling, a plaintiff firm pushing climate-related lawsuits. The firm has promoted dubious legal theories, suing fossil-fuel companies for failure to warn about climate effects and public nuisance over the “cost of weather induced events.”

As nakedly biased as this chapter was, and which the FJC removed only when exposed, and whose authors defended the bias of their chapter with no correction of that disinformation, the obvious question becomes: what other nakedly biased “educational information” is included elsewhere in its manual that hasn’t been discovered yet?

The FJC, by rendering itself unreliable, has made itself irrelevant. Judges and Justices need to rely on their native intelligence and on better—or at least more and more varied—advisors.

Most of all, judges and Justices need to limit themselves to the evidence, scientific or otherwise, actually presented at trial. Outside sources of information are irrelevant and should be disregarded, even when disguised as “information” by sources like the FJC manual.