Tag Archives: political economy

“Don’t Tax You…”

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“…Don’t tax me;
Tax that rich guy
Behind the tree.”

With (not too) many apologies to Russell Long.

New York’s Progressive-Democrats are on the move, again.

New York Governor Andrew Cuomo and state legislators are close to reaching a budget agreement that would raise taxes on residents earning over $1 million.
If approved by the Democratic governor and Democrat-controlled legislature, New York would become the state with the highest personal income tax rate in the country.
The budget measure also includes increasing the state’s corporate tax rates….

And

The proposed changes would increase tax rate from 8.82% to 9.65% for individuals making over $1 million or those joint-filing making more than $2 million.
Two new additional tax brackets would also be created –10.3% for those making $5 million to $25 million, and 10.9% for those making over $25 million.
New York City high-income earners could be paying the highest in the country in personal income taxes. By adding New York City’s additional top-earner tax rate, those making over $1 million could pay as high as a 14.8% tax rate, surpassing California’s 13.3% tax rate, the highest in the country.

The State’s Progressive-Democrats already tax the hell out of all the yous and mes in that State, also, though, so Long’s plea is being implemented much more broadly.

It’s important to recall, also, another of Long’s aphorisms:

I have become convinced you’re going to have to have capital if you’re going to have capitalism.

New York’s Progressive-Democrats are bent on denying precisely that to the State’s private economy. That says volumes about Party’s ultimate goal.

Preferences

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The Wall Street Journal‘s Editorial Board, in their Tuesday piece, wrote strongly about CEOs vs Shareholders in the context of the CEOs’ (among others)…disingenuousness…regarding Georgia’s newly enacted voting law, which expanded access to ballots and to the voting process while tightening the integrity of both.

The question is much broader than that, though.

President Joe Biden (D), with his blatant lies regarding Georgia’s election law, his open advocating for business boycotts of Georgia, while simultaneously scoffing at the idea of boycotting the People’s Republic of China’s Olympics—or anything else PRC—demonstrates his strong preference for the PRC government over the citizens of Georgia and of America.

Businesses like major league baseball, Coca-Cola, Delta, et al., repeating those lies about Georgia’s election law and pushing to leave Georgia, all the while being so desperate to do business within the PRC are similarly demonstrating their naked preference for the PRC government over the citizens of Georgia and of America.

It’s disgusting, and it’s shameful.

We can answer the businesses by boycotting them, starting yesterday. We can answer Biden and his coterie by tossing his Progressive-Democratic Party-controlled Congress in 2022 and then by tossing the Progressive-Democrat Biden/Harris administration in 2024.

It’s interesting, too, that the Party of Jim Crow suddenly is decrying Jim Crow—even as it lies about what is Jim Crow.

This is Why Baseball

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…is no longer America’s Pastime. Although it has become the Extreme Left’s Woke-time and it comes with a measure of naked racism.

These are some demographics for Atlanta, GA, which was going to host major league baseball’s All Star game and for Denver, CO, which now is going to host that All Star game, after baseball’s management team, led by Robert Manfred, unilaterally chose to take the game away over Manfred’s angst from Georgia’s new voter law. Since that law expanded voter access to ballots and to voting generally while increasing the integrity of both, and since Colorado’s voter law is substantially identical to Georgia’s new law, I have to wonder what Manfred has against minorities or against blacks in particular.

Anyway. These data are from, variously, Wikipedia, US Census for Denver County/Atlanta City, and Society for American Baseball Research:

Atlanta Denver
Population 420,000 600,200
Population Density 3,154/sq mi 5,470/sq mi
Per Centage Black 50.4 9.8
Per Centage Asian 3.1 4.1
Per Centage Native American 0.2 1.7
Per Centage White 40.9 80.9
Economics (a/o 2012)
Minority-Owned firms 30,100 18,000
Nonminority-Owned firms 31,750 57,100
Veteran-Owned firms 5,400 6,300
Per cent persons in poverty 20.8 12.1
Player Demographics

—as of 2016

 Per Centage
White 63.7
Black 6.7
Latino 27.4
Asian 2.1

Manfred moved the game from a predominantly black city, with minority- and nonminority-owned businesses roughly equal in number to a lily white city having more than 3 times the number of nonminority-owned businesses as minority-owned businesses.

Manfred, with his move, blocked somewhere between $65 million and $100 million in game-related economic activity—activity including things like 19,300 hotel room nights (and associated spending by those hotel guests), temporary employment (and associated spending by the influx of customers driving the hiring and the subsequent spending by those temps) in surrounding businesses related to the game, and other businesses supporting/supplying those game-related businesses—from entering that slightly black-majority city and transferred all that money to the lily white city.

Manfred, with his move, took his predominantly white and Latino game out of that predominantly black city and moved it to his favored lily-white city.

Atlanta is much more poverty-ridden, too. Manfred isn’t punishing Georgia–or Atlanta, per se, with his move. He has (carefully, I say) punished Atlanta’s poor, and Atlanta’s minority-owned businesses. These are precisely the folks Manfred is pretending so piously to be helping.

Of course Manfred knew all this when he made his decision; he carefully vetted both cities before his decided. His decision: he didn’t even deign check with the baseball players union or the players. Again, I ask: why does Manfred seem to hate minorities so?

America isn’t fraught with systemic racism. But MLB management is hypocritical, dishonest, and no little bit racist under the Left’s disparate impact ideology. And MLB management, as illustrated by its All Star Game move, seems directly racist.

The Extreme Left and major league baseball [sic] are fit partners for each other. Major league baseball is no fit partner for Americans. At least not until there’s a complete turnover of baseball management from the commissioner on down through middle management and that turnover accompanied by a change in behavior toward more honest, less bigoted behavior.

On the other hand, I’ve heard from a reliable source familiar with the matter that major league baseball has considered that Atlanta simply has more voters to be suppressed than has Denver.

Lies of Progressive-Democrats

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Yet more of them, this time centered on jobs for American citizens.

Here’s what Moody’s Analytics said about President Joe Biden’s $2.2 trillion American Jobs Plan Spend-a-Thon to which is attached some bucks for actual infrastructure work:

The firm estimated that the US economy will add roughly 16.3 million jobs between the fourth quarter of 2020 and the fourth quarter of 2030. If Biden’s proposal were to pass, Moody’s Analytics economists estimated that the US economy would add 19 million jobs over the same time period—indicating the proposal would be responsible for about 2.7 million jobs.

Here’s what Biden’s hand-picked Transportation Secretary “Pothole” Pete Buttigieg said.

The American Jobs Plan is about a generational investment. It’s going to create 19 million jobs. And we’re talking about economic growth that’s going to go on for years and years. It’s time for America to lead the way again. And those 19 million jobs we’re about to create go way beyond some quarterly or monthly report.

Twice he lied, in quick succession.

Biden’s White House National Economic Council Director Brian Deese was completely direct in his lie:

Moody’s suggests it would create 19 million jobs[.]

And then Biden personally lied about what Moody’s actually said:

Independent analysis shows that if we pass this plan, the economy will create 19 million jobs….

It makes me wonder whether anyone in this administration is capable of discriminating truth from fiction. Or whether they can, but they don’t care; they’ll just mouth whatever they think they can get away with that will benefit them politically.

We Got What They Asked For

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A letter writer in Sunday’s Wall Street Journal‘s Letters noted that

In the 2020 election, the US Chamber of Commerce backed 23 incumbent House Democrats, 15 of whom won. Six of the 15 won narrowly, by 3.3% or less. Without those six seats, Nancy Pelosi wouldn’t be speaker. The chamber helped hand her the gavel.
The consequences were predictable. House Democrats have passed the PRO Act, ““a labor-rights bill that would roll back many of the policies the chamber has supported for decades” (U.S. News, March 13). Without any Republican support, House Democrats passed HR1, the misnamed For the People Act, which the chamber “strongly opposes.”

The letter writer listed many of the upcoming Progressive-Democrat-run House plans, too.

He identified another organization he generously said was “duped.”

…Pro-Life Evangelicals for Biden, whose leaders “feel used and betrayed” because the Covid relief package excluded the Hyde Amendment, which prevents taxpayer funding of abortions.

He concluded with

These two organizations duped themselves and sabotaged their own cause.

To which I say my heart bleeds.

It’s hard to believe that as erudite a collection of personnel as those running the US Chamber of Commerce and Pro-Life Evangelicals for Biden didn’t know what they were getting when they supported those Progressive-Democrats. Of course, as responsible leaders of large organizations, they carefully vetted each of those candidates and their opponents. They knew what they were asking for.

They got it, good and hard.

And, sadly, so did the rest of us get those worthies’ choices good and hard.