Taxes

The Supreme Court Speaks on Health Care Law

LMOST FULLY GROUNDED AGAIN AFTER ALL the zetetic excitement yesterday, I say we take a more serious and sober look at what transpired yesterday, and then again, this morning as Chief Justice John Roberts read for the majority, and we boomeranged all around the Internet seeking solace in our hour of disenchantment. Of all that I have read and seen in video, TV, and slapshot Internet reporting, here is a most convincing snippet from commentator Jay Cost of The Weekly Standard. Cost seems to put the onus on the current administration to act quickly in this snatch and grab of...

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Nicking The "Late Feudalism" Attack Machine With The Vote

T TOOK ME A LONG TIME to realize that communism and socialism are just the rebirth of economic late feudalism. I kind of got it well enough before this one conversation, but it was something the son of a Cuban immigrant, whose father started his own small restaurant, that clarified it for me. It was simple: He said of the Europeans and their socialism, "Yeah. They want to have the money and not let anyone else get it." Doesn't sound profound, but it hit the nail on the head for me: These rich advocates of socialism and communism, like a...


Feingold Challenges Jeffrey Immelt On New Position

e actually applaud this surprising move by former Wisconsin Democratic senator Russ Feingold (recall that Feingold was swept out of office last year in a tsunami of Tea Party expression). Just in case you're keeping score, here's the opening shot in the corporate corruption wing of the Obama School of Economic Whatevers: Friend, IT'S EVERYTHING THAT'S WRONG with corporate power today: News broke last week that General Electric, America’s largest corporation, made $14,200,000,000 in profits last year and paid $0 in taxes—that’s right, zero dollars in taxes. At the same time, C.E.O. Jeffrey Immelt saw his compensation double. Now I...


Sarah Palin, Earmarks and the Rigors of Saddle Burn

URE, CERTAIN EARMARKS go to good projects, but the problem with any earmarks is that they aren’t deliberated by the legislative bodies like ordinary federal funding, but are attached to at the last minute to other important legislation so as to sneak them through in a horse-trading process. I’m not sure what the correct terminology is here, but this is the sentiment. If an earmark actually funds a worthy project, say a bridge to somewhere, then why not vote on the funding on its own grounds into law via an up or down tally. Not all of the projects to...


Branding Obamanomics 101

I snagged this little ditty from a FB acquaintance named Lyn Morales. It has the look and feel of a viral urban legend, but it is well worth a moment's ponder. Thanks Lyn... N ECONOMICS PROFESSOR at a local college made a statement that he had never failed a single student before, but had once failed an entire class. That class had insisted that Obama's socialism worked and that no one would be poor and no one would be rich, a great equalizer. The professor then said, "OK, we will have an experiment in this class on Obama's plan". All...