Filed under: Capitalism, Democrat Corruption, Domestic Policy, Economy, Energy, Progressivism, Regulation, Taxes | Tags: Obama's "Economic Patriotism", Slashing Corporate Taxes, The Booming Canadian Economy
We previously nattered on about President Obama’s idea of “Economic Patriotism,” which only shows that the president has little understanding of business and how it operates. The Left is deeply suspicious of business, at least Big business, and often labors under the delusion that it would be far better without business, or with business more completely controlled by government, so they didn’t cause so much trouble and especially pay their executives so much.
All this came about through what has come to be called “inversions” or businesses’ choosing to locate their executive offices in other countries to lessen the corporate tax hit. The latest case is Burger King’s purchase of Canada’s Tim Horton’s chain of coffee and donut shops and plan to move their headquarters to Canada. How unpatriotic to attempt to evade America’s corporate taxes, the highest in the world. Um, Canada’s total tax costs are 46.4 percent lower than in the U.S. Why would Burger King want to move there? Canada has the most business-friendly tax policy in the world!
The one solution that would quickly solve the problem is quite simple. Cut or eliminate the corporate taxes, especially the tax on income earned abroad. Inconceivable! Lower taxes, and give up all that revenue when our economy is so slow? When we so desperately need more jobs? Canada lowered their taxes to help business out during a recession. But, but tax receipts! We must have more money!
How much tax revenue did Canada lose by the dramatic reduction in their corporate tax rate, from 43 percent in 2000 to 26 percent today?
We have tried to tell you. Canada’s lower corporate tax rate raises more tax revenue.
According to OECD data, corporate tax revenue increased after Canada cut corporate tax rates beginning in 2000. Relieved of a crushing tax burden, corporations grow organically through lower start-up costs and reinvestment of after-tax earnings. They make more money, and the government gets more revenue. Works every time. It shouldn’t remain a mystery, and it certainly is not “Economic Patriotism,” which is just another of their clever talking points.
Democrats will attempt to use Economic Patriotism as an issue in the election this fall. Don’t be fooled. They just have no understanding of business. That’s why our economy drags along sluggishly while across the northern border Canada’s is booming.
Filed under: Capitalism, Conservatism, Democrat Corruption, Economy, Foreign Policy, Freedom, History, National Security, Progressivism, Regulation, Taxes, Terrorism, The United States | Tags: Conservatives and Progressives, Facing Up To Reality, The Problem of Magical Thinking
Here’s Bill Whittle at his best. The Defending the Dream Summit 2014. Dang, but he is good. Common sense multiplied.
Filed under: Democrat Corruption, Economy, Education, Election 2014, Health Care, Immigration, National Security, Politics, Russia, Terrorism | Tags: Looney List of Concerns, Minority Leader Pelosi, The War on Women
Nancy Pelosi has slipped another cog. Desperate Democrats are trying to revive their “War on Women” theme for the upcoming election. I don’t believe women are that stupid.
Minority leader Pelosi said, on a conference call, that American women have been victims throughout the history of the nation. We’ve already established that President Obama is a little hazy on history. Seems Ms. Pelosi is as well.
It was a struggle all the way, Pelosi whined. Women marched, women starved. Women were starved. Women were force-fed. Women could barely speak up in their own homes.
Women left their homes to take the message. And it was successful, and the right to vote, again, so precious, so hard fought. …We hope women will continue to exercise forcefully, because than all of the issues we care about, whether it’s equal pay for equal work, paid sick leave, affordable quality child care, raising the minimum wage, women’s health and —and safety issues will all be well served.
I suspect she’s been watching Downton Abbey too much. Equal pay for equal work has been settled law since 1963. Paid sick leave is offered by most employers, with a limit as to how long you can have a sick leave. Endless sick leave is not in the cards.
Raising the minimum wage is bad economics, especially harmful to minorities who also vote.
Young Muslim women are being recruited as sex slaves for ISIS fighters. That would seem to be a matter of concern for women. Yazidi women captured by ISIS are set to daily rape and killed if they try to escape. An attack across our southern border is said to be imminent, but the matter of urgent concern is that Republicans are trying to prevent women from getting the right to vote?
Getting pregnant is not a desperate matter of women’s health, but a matter of choice. If you choose to get drunk and have sex when you shouldn’t, or choose to have unprotected sex, or choose to have sex outside of marriage, or choose to take your panties off — that’s a lot of choices you have before you even consider getting an abortion. And then you make choices about legal or illegal, carrying a baby to term, keeping the baby or putting it up for adoption so it will have a better mother. Lots and lots of choices.
Remarkable lot of things unmentioned by Ms. Pelosi. ISIS, the Federal Debt, Russia invading Ukraine, the crisis at VA hospitals, the failures of ObamaCare, the president’s inability to decide on a strategy against terrorists, the lack of job opportunities, the crisis at the border, with illegal immigrants being funneled into our schools unable to speak English and uncleared for contagious diseases.
These are big important issues for every citizen, and Nancy Pelosi is concerned with re-fighting the woman’s right to vote. That was settled in the 19th Amendment way back in 1919. You would think she would have noticed that there are even women serving in the House of Representatives. Truly embarrassing.
Filed under: Capitalism, Democrat Corruption, Domestic Policy, Economy, Foreign Policy, Health Care, Immigration, Law, Liberalism, National Security, Progressivism, Regulation | Tags: A Pew Research Center Survey, Democrats' Concerns, Partisan Differences
This new poll from the Pew Research Center is interesting. I guess you could sum it up by saying that Republicans are bigger worriers than Democrats — or possibly that Democrats are clueless about what is going on in the world. I wonder where Obama would rank on this survey?
We have a broad array of strategies, which the Pentagon produces, ready for any exigency. This is not a time when we should be cutting our military to the bone. I think every person on the right, seeing that long column of ISIS thugs with their flags and guns, wondered where the A-10s were. Designed for just such an occasion, they are old and retired by Obama. I suspect the reason for cutting the military so drastically is more about punishing Republicans who do care about the services and military preparedness, than about a serious look at our real needs.
Republicans, I believe, are far more accepting of human nature and its flaws, and recognize ever-present evil when it breaks out once again. They know we will make mistakes, but accept that in the effort, and will try to do better next time.
Democrats have no real understanding of human nature at all, and assume that it can be fixed by wise people in government with the right mixture of regulations and laws. They used to believe in a Utopian future, but at present they don’t get much beyond the battle to be in control. Once they are running everything, it will take some time to get everybody in line, but once that is accomplished they can work on the glorious future, which they haven’t figured out yet.
There is no limit to the effort, money, legal challenges, fraud and lies they will expend in the effort to win — to be in control. See the feverish attempts to destroy potential Republican candidates like Rick Perry and Scott Walker with bizarre lawsuits that might tie them up in court, and provide useful material for future opposition commercials. Leave no stone unturned.
There is a lot of information (and speculation) in this survey. I’d like to see more on the differences between the parties, which is greater than I have ever known it to be. The Left has shifted far to the left. Leftists claim that Republicans have shifted to the right, but they are trying to demonize Tea Party members as raving, drooling extremists instead of your next-door neighbors who have, as a result of — oh, the stimulus, the growth of government, ObamaCare and a couple hundred other extra-legal moves by the Obama administration become interested in and concerned about politics for the first time in their lives.
Filed under: Capitalism, Democrat Corruption, Economy, Energy, Global Warming, Junk Science, The United States, United Nations | Tags: Going Around Congress, Ignoring the Constitution, The United Nations
The Obama administration is working to forge a sweeping international climate change agreement to compel nations to cut their planet-warming fossil fuel emissions, which is silly enough, but he wants to do it without ratification from Congress. One little problem:
Under the Constitution, a president may enter into a legally binding treaty only if it is approved by a two-thirds majority of the Senate.
To sidestep that requirement, President Obama’s climate negotiators are devising what they call a “politically binding” deal that would “name and shame” countries into cutting their emissions. The deal is likely to face strong objections from Republicans on Capitol Hill and from poor countries around the world, but negotiators say it may be the only realistic path.
How interesting that someone who liked to proclaim himself a scholar of Constitutional Law, should, after swearing an oath on the Lincoln Bible to “the best of my Ability, preserve, protect and defend the Constitution of the United States,” be so determined to get his own way that he is willing to defy the Constitution in case after case. It is more than ignoring his oath, it is a matter of character. This is a man who cannot be trusted because he does not keep his word.
The New York Times casually notes that President Obama ignored the legislative process in his domestic climate-change agenda as well.
In seeking to go around Congress to push his international climate change agenda, Mr. Obama is echoing his domestic climate strategy. In June, he bypassed Congress and used his executive authority to order a far-reaching regulation forcing American coal-fired power plants to curb their carbon emissions. That regulation, which would not be final until next year, already faces legal challenges, including a lawsuit filed on behalf of a dozen states.
Doesn’t matter who disagrees with him, he’s right and you are wrong. He is the President of the United States, and he cannot be opposed.
Does anyone believe that the president has spent even five minutes studying up on global warming or climate change? He’s probably talked to Al Gore, and Science Advisor John Holdren, and all his backers and bundlers who have gotten rich off of the taxpayer money he has poured into energy scams and failed renewable energy projects. But actually looking into the science? Not a chance. Global Warming is for the Left the best chance of establishing social justice in the world. They believe because the Left believes. It is a religion, a matter of faith. As James Delingpole says:
First, they are determined to misrepresent this as a party political issue – in which ignorant, ideologically motivated, Big-Oil-funded Republican “denialists” are willfully and perversely obstructing the perfectly sensible climate policies fully supported by all Democrats. This wasn’t true in 1997 when the Senate voted down the first attempt at a binding international climate treaty – Kyoto – by 95 to 0. It isn’t true today.
Second, it refers to “established climate science” as if – to quote Al Gore – the science on global warming were “settled.” This was a risible notion even at the height of the global warming scare back in 1992 during the Rio Earth Summit when for a period global mean temperatures were actually rising but when scientists couldn’t agree why. It is even less plausible now, given that as all half-way serious scientists – alarmists and realists, alike – now acknowledge there has been no global warming in over 17 years.
Climate change, or global warming, does not even show up on the list of concerns of the American people. I don’t know if “naming and shaming” will convince anyone. The American people aren’t all that impressed with the United Nations either.
Filed under: Capitalism, Democrat Corruption, Domestic Policy, Economy, Liberalism, Politics, Regulation, Taxes | Tags: America's Corporate Taxes, Free Markets / Free People, World's Highest
Democrats are not happy with President Obama, and they are trying desperately to change the subject from things like ISIS, and Russia, and foreign policy in general, ObamaCare, immigration, the miserable economy, and jobs, and jobs and jobs.
Their natural inclination is to focus on those things which arouse people’s passions, so naturally they are freaking out about Burger King’s plans to merge with Tim Horton’s Canadian coffee and donut chain and move to Canada. “Economic Patriotism” they cry, and moral panic and sheer rage that an American business would consider relocating for the simple reason of paying taxes. Obviously it’s time for my favorite quote from Walter Wriston:
Capital will go where it is wanted and stay
where it is well treated. It will flee from manipulation
or onerous regulation of its value or use and no
government power can restrain it for long.
The business of business is to make a profit. Liberals always want to impose other rules on business. They are deeply suspicious of the whole idea of profits. They are outraged at CEO salaries. Proper people work in service jobs, like government, or for foundations, or righteous causes or universities. Liberals are really quite conflicted about business. They were outraged by the Citizens United decision. And even more so by Mitt Romney’s claim that corporations are just people. On the other hand, they get enthusiastic support from some businesses like Google, or Facebook, but that’s different.
The problem isn’t just that America has the highest corporate taxes in the world, but that America collects taxes on the income earned in other countries., though those other countries collect taxes as well. Because they distrust business in general, Liberals have little hesitation in finding new and better ways to tax business.
Total tax costs are 46.4% lower in Canada than in the U.S. Is it really a surprise that Burger Kind wants to move there? Burger King would still pay their full taxes on income earned in the U.S. but their taxes on income earned in Canada would be taxed at Canadian rates.
The number one issue among American voters is unsurprisingly — jobs. If you vigorously try to maximize the taxes that American businesses pay, they will hire fewer people. If you raise taxes on business, they raise the cost of the goods or services they sell, or reduce their expenses, by cutting the number of people they employ.
Filed under: Capitalism, Domestic Policy, Economy, Energy, Foreign Policy, Freedom, History, Immigration, National Security, Politics, Terrorism | Tags: Holding Feet to the Fire, Illusions of Caring, Politicians And The People
The exit polling from the 2012 election showed clearly that people voted for Barack Obama because they believed that “He cares about people like me.” This was closely related to Hurricane Sandy, and I believe the picture of President Obama comforting Donna Vanzant who had just seen her marina totally destroyed, influenced a lot of people. Mr. Obama promised her prompt help from FEMA and that he would make it all better. But she never heard from FEMA, nor from the President, or anybody else.
The picture, however, went viral.
I hate to bring you bad news, but politicians do not care about you. The better ones care about “the people” in general, but generous donors in particular. They care about the big businesses in their districts, influential people in their party and in the opposition, but we ordinary folk are, at best, merely a statistic. They care about those who are important for some reason, particularly those who have given campaign contributions or are clearly in a position to make a donation, or are important enough to influence others.
Maybe, if you are an activist who seems to have a large number of voters behind you. I know, I know. We’d all like to believe that those in whom we invest so much hope really mean it. You could design an embossed letterhead suggesting that you are an officer in an organization for (or against) your politician’s favorite issues, that might get some attention. Phone calls, at least allow you to talk to a human, however lowly. Visit his/her office in your district with your request or complaint, but sugar catches more flies than vinegar.
It’s nothing personal. They have their big donors and all the members of their delegation, the press (local and national) the members of the committees on which they serve, their opposition, and all the members of the House or the Senate as the case may be to worry about. They don’t know you from Adam, expecting attention is futile. The idea that “I voted for you” and now I expect, at the least, a response to my email, is also futile. Going to every town hall meeting held in your district might improve the situation slightly, but don’t bet on it. They shake a lot of hands, and remember few.
But, your opinions may be tabulated (or not). They need feedback, but there’s no guarantee they will pay attention. But if you are well-informed and your call or email or letter is short and to the point, it may get through. Even volunteering in their campaign may not help. Your chances are better if your expectations are low, and your determination is very high.