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October 2011

September 2011

Taxing the rich

From Thomas Sowell:

"Despite the widespread notion that raising tax rates automatically means collecting more revenue for the government, history says otherwise.

As far back as the 1920s, Secretary of the Treasury Andrew Mellon pointed out that the government received a very similar amount of revenue from high-income earners at low tax rates as it did at tax rates several times as high.

How was that possible? Because high tax rates drive investors into tax shelters, such as tax-exempt bonds. Today, as a result of globalization and electronic transfers of money, "the rich" are even less likely to stand still and be sheared like sheep, when they can easily send their money overseas, to places where tax rates are lower.

Money sent overseas creates jobs overseas - and American workers cannot transfer themselves overseas to get those jobs as readily as investors can send their money there.

All the overheated political rhetoric about needing to tax "millionaires and billionaires" is not about bringing in more revenue to the government. It is about bringing in more votes for politicians who stir up class warfare with rhetoric."


Wither Marriage?

"Proponents of same-sex marriage frame their cause in terms of civil rights. There are no significant moral or cultural differences between homosexual couples and heterosexual couples, they presume, and therefore limiting marriage to heterosexual couples amounts to discrimination. Fairness and justice require giving men the right to marry men and women the right to marry women. Q.E.D."

Read the entire article by R. R. Reno...


Cranmer's Law

Cranmer's Law

“No matter how decent, intelligent or thoughtful the reasoning of a conservative may be, as an argument with a liberal is advanced, the probability of being accused of ‘bigotry’, ‘hatred’ or ‘intolerance’ approaches 1 (100%).”

QFT.