American Elephants


Cutting the Corporate Tax Will Create Growth. That’s A Good Thing! by The Elephant's Child

To quote John Steele Gordon this morning “Only the brain dead could see Trump’s tax plan as a negative for the economy.Newsweek: “Trump’s Proposed Tax Plan Could Cost the Government $6 Trillion.” Why am I not surprised? Democrats simply do not understand economics. Allowing the people to keep more of their own money is simply incomprehensible to your standard run-of-the-mill Lefty.

Under the new rules, an individual making $35,000 each year would be able to remove $15,000 from their taxable income through the deduction, leaving just $20,000 for the government to tax.

On top of these tax cuts, Trump is expected to outline his proposal to lower the corporate tax rate from 35 percent to 15 percent. And he will seek to reclassify small, individually-owned businesses that currently file their taxes under the individual code so they are under the corporate tax code instead.

Democrats can only think of the 20% of corporate income that would not be taxed and how can the government possibly get along without that corporate money? Leftist hatred for rich corporations is always a mystifying thing. Everything they wear, eat, use and work with is a product of a large corporation, if they are not government bureaucrats they probably work for a large corporation and they indignantly badmouth corporations and seethe at the exorbitant salaries of American CEOs.

For a business, taxes are just a cost of doing business. Those costs are figured into the price of whatever the business produces, and are paid by the taxpayers who buy the products. If taxes go up, so does the cost of the product. If taxes go down, the business has some extra to expand, to innovate, to create, and the economy grows.

It is very simple, but Democrats do not think in those terms. They want a bigger pile of tax money so they can buy more votes to win elections so they can be in charge. Being in charge means giving nice things to the people, to get their votes, and spreading the wealth around, again so they can be in charge. Being in charge is the goal because they can get rid of all the annoying interference in their goal of a more perfect socialist world where everyone lives in peace and harmony in a world saved from the horrors of global warming and capitalism and guns. Or something like that.

They thought they had glimmers of a real move towards the glorious future with Hillary, and this obnoxious blowhard buffoon smashed it all up and they can’t wait to destroy him or impeach him or put him in prison. They still remain sure that if they can just turn over the right rock, they will find the Russian involvement — in something or other. Good Lord, they are predictable.

From The American Thinker by Thomas Lifson: “Trump tax plan goes for growth”

After President Obama’s two terms of anemic economic growth and huge federal deficits, there is a lot of room for growth in the American economy.  Targeting “seed corn taxes” that obstruct investment is the smart way to spike growth rates, which will bring jobs, increase taxes (in the long run), and swing political approval toward the GOP president and Congress.  It worked for Reagan, and it will work for Trump, if a version of the tax plan becomes law.

The White House briefing and one-page description of President Trump’s plan for tax reform issued yesterday contain the bones of an ambitious plan that could indeed jump-start the economy by lowering corporate income and capital gains tax rates, and by repatriating corporate money held overseas to avoid the punitive 35% levy on overseas profits when they are brought home to the USA.

From Economics21: “No, New York Times: Bush’s Tax Cuts Did Not Disappoint”

Basic economics tells us that if you tax something, you’ll get less of it. True, not all tax cuts are created equal. Successful tax reductions are immediate, permanent, broad-based, and (unlike tax rebates) rely on tax rate reductions to encourage working, saving, and investing. Such well-designed tax policies have a clear record of success.

Nobel Laureate Edward Prescott has shown that much of America’s widening economic advantage over other major economies between the 1970s and 1990s can be traced to America’s decision to lower tax rates while other countries raised them.

Harvard economist Martin Feldstein estimates that a dollar increase in taxes costs the economy 76 cents of growth.

Aside from the constant, furious Democrat insistence of being outraged at anything done by President Trump, they are predictable, predictable predictable. And possibly scared to death that he’ll get his tax plan passed.

Thanks to Obama, America’s corporate tax rate is the highest in the world. Growth has been anemic for 8 long years. A significant cut in the corporate tax rate could raise growth to 3% which is getting closer to the long-term norm —which would create jobs and put those folks who have essentially given up at the idea of working back in business. Hope and growth will do a lot for the country, and the American people.

ADDENDUM: Another contrast in media headlines — Wall Street JournalTrump Unveils Broad Tax-Cut Plan.” The New York Times Tax Overhaul Would Aid Wealthiest.” Like I said Predictable!



The Least Diverse Place in America by The Elephant's Child

You have probably noticed, there have been enough riots and demonstrations to prevent the possibility of hearing someone with a differing opinion. They claim to champion diversity, but that’s a lie. They want everyone to hold the same leftist beliefs, and frankly be unaware that there are other ideas. They used to call it “brainwashing.”Does it only matter if it is your college student?



The Problem is Having to Live With The Choices We Made by The Elephant's Child

Former President Barack Obama has returned from his South Seas vacation, ready to resume trying to tear down the administration of his successor. Valerie Jarrett has reportedly been directing the resistance in his absence. Obama, meanwhile, has snagged a $400,000 fee for an hour long speech for a Wall Street firm, and a very large advance for books from Michelle and himself, so funds are not a worry.

It’s a sharp contrast with his own predecessor. George W. Bush gracefully left the limelight to avoid causing problems for his successor, and has refrained from comments on the Obama administration, appearing in public only with his programs of bike trips with recovering vets, and to talk about his new hobby of  painting, apparently inspired by Winston Churchill’s book Painting as a Pastime. President Bush has painted the world leaders with whom he engaged, and more recently, the heroes of the wars who fought under his responsibility in Portraits of Courage: A Commander in Chief’s Tribute to America’s Warriors.

President Bush recognized that history would judge what he had accomplished and where he had failed, and left it in the hands of the historians. Who will argue endlessly.

An ex-president hanging around and trying to run the opposition is something new and not very attractive. Americans are inclined to do some summing-up at the end of an administration, and it’s not often the admiration and attention that one hopes for. By the time a president leaves office, the public is usually thoroughly tired of them and hopeful that the new president can do a better job. Granted, that this year the Democrats, out of office and out of appealing candidates, out of ideas were insanely furious that their expected continuum with Hillary didn’t happen, because they don’t like Trump and cannot understand why Hillary didn’t win.

President Donald Trump has done quite well. His first 100 days have been celebrated by his supporters who are far more pleased than the media wants to acknowledge. His cabinet appointments have been outstanding, are in a position to offer excellent advice, and have hit the ground running. Neil Gorsuch’s appointment to the Supreme Court is a triumph. Nikki Haley has quickly taken charge at the U.N. and is proving to be a star. Syria has been put on notice, and the president is determined to reduce the corporate tax to 15% which will give the economy a boost. The ignorant leftist media is already gasping that the government won’t have any money.

Never fear. Corporations don’t really pay taxes. We do. When a corporation’s taxes are raised, they raise prices for their goods and we pay for it. When they don’t have to raise prices or do more of their business overseas to pay the taxes, their funds go for expanding and innovating and the economy improves. We currently have the highest corporate tax rate in the world, and it has been a drag on the economy. Between 1974 and 2001 average growth in the economy was 3.3%. A return to 3% from the dismal performance of the stagnant Obama economy would mean the economy could expand to $38.3 trillion by 2040.

The weeks of Obama’s vacation have been filled with the scandals of the Obama administration exposed, and they are not pretty. I understand that they want Sasha to finish high school at Sidwell Friends, but trying to occupy the media’s attention may not be wise.



Terminally Annoyed by The Left. by The Elephant's Child

In the waiting room at the veterinarian today,  I was reading the new May copy of the Seattle Met magazine. Featured article concerned the tragic people who hailed from the countries affected by Trump’s travel ban, before it was halted by illegal judicial hold. (The order from the Seattle judge was clearly improper, because the president has clear authority under the Constitution to do precisely what he did.) It was, however, upheld by the 9th Circuit, which is so far left that it has become the most overruled circuit in history. Nevertheless, the magazine apparently went to print before this all became apparent, so their article was intended as a pity piece of how these people were suffering under the abusive Trump order, which only lasted for 6 months in any case.

Some abuse. Some of the seven people were students, another was unable to return home to visit because he then would not be able to get back in the U.S. There was no discussion of how long these people had been in this country, whether they were working/applying for citizenship, illegal or what. It was a sad tale of presidential abuse, and a typical leftist trick of attempting to conflate the entire immigration issue.

The Left wants open borders. They believe that immigrants will be more apt to become Democrat voters, particularly when immigration from countries like Cuba has been halted by the Obama administration. Escaping from a Communist country suggests that they might not automatically become Democrats. Obama worked hard at distributing refugees to voting districts where they might alter the future vote, or where increasing  population numbers would shift the vote.

To achieve their ends, Leftists work hard at failing to distinguish between legal and illegal immigrants, ignore drug-dealing, sex-trafficking, and murderous gangs that have accompanied Obama’s lax border controls. Americans who object to illegal immigrants are supposed to be the bad people, not the illegals (“No human is illegal” say the signs). The fact that most countries have far more restrictive immigration laws than we had under the Obama administration is never mentioned. Mexico has a wall on their southern border, with guard towers, I believe. Canada’s immigration laws are more restrictive than ours. “We are a nation of immigrants” they proclaim, as if that had anything to do with anything. Apparently the United States is the only country in the world that is supposed to have completely open borders, and if you don’t believe that — you are a bad person.

This is false. We are quite entitled to admit those who are most apt to be a benefit or can contribute the most to the United States, and those who most want to become Americans. That is only basic common sense.

The Left wants cheap foreign workers to replace high cost Americans. Disney’s forcing high-tech workers to train their cheaper replacements or risk losing any severance pay was a dramatically ugly act. Wealthy Leftists desire for cheap servants isn’t very attractive either. There are real long-term concerns about Muslim immigrants who want to replace the American constitution with Sharia law—we should never admit anyone who arrives wanting to overthrow our government. You are not a bad person to expect such standards.

These are the tactics of the Left, and the reason for all the names we are called— racist, bigot, nativist, etc. etc. etc. If you do not think their way, you are a bad person. How many times lately have you hesitated in something you thought or said, because of what the Left might think of you?

But then, when we welcome the new dishes and foods immigrants bring as they open restaurants, we are accused of “cultural appropriation,”so there you go.



Solving the Problem of Good Drinking Water for All by The Elephant's Child

Members of the political left often assume that if they just had complete control, they could fix all the annoyances that bother them so much, fix or at least repair human nature, create great inventions, do away with the political right—one of the truly major annoyances—everyone would be happy and get along. Anyone who is a member of a family knows that assumption to be absurd. Human nature is fixed, immutable, and unchangeable. Governments don’t create great inventions. Great inventions are oftentimes made by accident, and blundered into. One such discovery is graphene.

Andre Geim, a Russian-born scientist at the University of Manchester in Britain, and Konstantin Novoselov were awarded the Nobel Prize in Physics in 2010 for isolating graphene. Dr. Geim wanted thin graphite to study its electrical properties. A doctoral student suggested using cellophane tape.”They used the tape to peel off layers of graphite until they got to a layer so thin it was transparent. Not only did it not fall apart, it was strong, flexible and possessed astonishing electrical properties.”

Back in 2013 when I first wrote about graphene. I didn’t know there was such an occupation such as a materials scientist. Andre Geim and Konstantin Novosetov at Britain’s Manchester University were playing around with scotch tape and a lump of graphite in 2004. That resulted in a shared Nobel prize, knighthood, and a £61m National Graphene Institute.

As of May in 2004, it had resulted in more than 9,000 patent applications. Companies like Apple, Saab, Lockheed Martin, Nokia, BASF SE were interested, for potential uses such as filtering salt from seawater, flexible touch screens, anti-rust coatings, sports equipment like tennis racqets, DNA sequencing devices and distilling vodka. Labs all over the world are hard at work, including the U.S. Defense Advanced Research Projects Agency (DARPA). Research has shown that graphene is better than Kevlar at stopping bullets fired at supersonic speeds.

In 2015, I wrote about a graphene heating system that would dramatically reduce home energy costs from 25 to 75 percent. Now researchers from the University of Manchester have made a breakthrough in desalinization by using the “wonder material graphene.” They have designed a graphene oxide sieve to make seawater potable, and more importantly have tweaked the graphene composite in order to make it commercially scalable. The BBC reports:

[It] has been difficult to produce large quantities of single-layer graphene using existing methods, such as chemical vapour deposition (CVD). Current production routes are also quite costly.

On the other hand, said [Dr Rahul Nair], “graphene oxide can be produced by simple oxidation in the lab…In terms of scalability and the cost of the material, graphene oxide has a potential advantage over single-layered graphene.”

Though the material is only 13 years old, its potential for applications has surged dramatically ranging from better information and energy storage to faster transistors to more efficient lasers.

 Companies have worked to include graphene into the design of objects as small as a computer chip to as large as an airplane wing. It has been called the most flexible, most conductive, and strongest material in the world, and we’re just getting started on deploying it into manufacturing processes.

Part of the hold-up on this graphene boom has to do with how expensive and time consuming it is to manufacture. That’s where these graphene oxides come in, the production of which is evidently much simpler. The latest breakthrough involves using these graphene oxides to help ensure future water security, but there’s a lot more to be excited about when it comes to this miracle material.

 



Clear Language Matters. Make Fine Distinctions, Insist on Free Speech and Clear Speech. by The Elephant's Child

The situation in Syria was not only an affront to international law, but a probe of sorts to test the new president of the United States. President Trump’s response was prompt and direct, but careful. It was not, as the Democrats try to claim, the start of a war, or a sign of the belligerence of an out-of-control administration. It was a very specific and limited missile strike against the specific airbase that had launched the Sarin Gas attack on Syrian rebels by their own administration. Because it was directed  so specifically, it announced that poison gas attacks were simply not acceptable, and this strike was a clear warning that we are a powerful nation and we are capable of much more. There will be no more statements of “red lines” that are not observed.

America means business. It was not, as has been claimed, an attack on Assad. The Russians and Syrians were warned, so there would be little or no loss of life. These distinctions are important. The free world approved.

Democrats are not good at distinctions. They are more comfortable with generalities. Hillary was interviewed by the New York Times Nicholas Kristof at the “Women in the World” summit. Kristof asked Hillary:

I have to ask fundamentally, a man who bragged about sexual assault won the election and won 53 percent of the white women’s vote. What does that say about the challenges that one faces in women’s empowerment, that in effect misogyny won with a lot of women voters?

In the first place, Trump did not brag about sexual assault. He spoke of women and celebrity and said that when you are a celebrity, some women will let you do anything you want to them.  He did not say that he had done anything.

Hillary immediately blamed everything on identity politics: misogynyshe lost because she is a woman. The country is just not ready for  the first woman president. Fine distinctions: Hillary ran for the presidency because she wanted to be the first woman president, not because there were things she wanted to do to improve the country or help Americans. That’s why her brief career in the Senate was marked only by a bill to name a post office, and her career as Secretary of State resulted only in Benghazi and a record amount of air travel miles. There were no accomplishments. The change was her gender. She promised to continue all the accomplishments of the Obama administration but to do it as a woman.

Nikki Haley, a woman, has made a real difference in her brief time as Ambassador to the United Nations. People are already suggesting that she can be the first woman president. She has demonstrated over and over competence, authority, determination, and things have shifted because of it.

In this strange new universe, a real-estate developer and reality-TV celebrity with no political experience whatsoever, obviously won the election because he is a man. Identity politics is the controlling theme. You can be decide your identity and your gender by your feelings of the moment, which, making fine distinctions — is clearly nuts.

The Left, in their drive for ever more control, believe that when they achieve full control,  they will fix human nature, so we are all more complacent and cooperative. Unfortunately human nature is immutable, unchanging and quite definitely unfixable.

Insist on fine distinctions. Don’t let them get away with sloppy thinking. Insist on free speech. Hold college and university authorities to task for allowing bad behavior to destroy the educational process. Speak out.

Surely you have noticed that what the Left advocates are abstractions. Social justice —there is no such thing. We have laws and courts, and they don’t do social justice. Equality —you can have equality under the law, but you can’t make people equal, some are smarter, some are more beautiful, some are stronger, some are older. Diversity—to the Left refers only to skin color, certainly not to diversity of ideas. Our values —one of Obama’s favorites, “that’s not who we are as Americans.”



Random Jottings from my Notepad by The Elephant's Child

— Tom Sowell: “Socialism, in general, has a record of failure that only an intellectual could ignore or evade.”

—Scott Carpenter was asked: “What did you think about as you were rocketing into space?”
He answered: “That each part of this rocket was made by the lowest bidder.”

—Ralph Peters:  “Obama’s Mideast Policy: Praise Muslims, Ignore Christians, Blame Jews.”

—Charles Schumer: “The only way we’re going to work with him is if he moves completely in our direction.”

— The Iran Deal: There is no deal. Nothing was signed. Iran said we’ll do this. Obama said, fine, we’ll pay for it.

— Monica Crowley: “Government has no profit motive, only a power motive.”

—You cannot spend your way out of recession nor borrow your way out of hard times. Social Security workers per beneficiary: 1960 – 4.9, 2010 -2.8, 2035 – 1.9 (CBO estimate).

— The population of Israel before the Holocaust was 600,000.

—Andy McCarthy: “Nihilism is the key. Today’s hard left is defined by what it is against: the United States, free-market capitalism, and any foreign policy premised on defending American interests or promoting individual liberty. Only this part of the agenda is concrete, leaving neo-communism elastic enough to strike alliances with any movement that shares it. What neo-communists are for, by contrast, is a set of abstractions—”social justice”, “equality”, “redistributive rights instead of the rule of law” and, of course, “our values.” The details of those can be worked out later, once the more pressing imperative of undoing the existing order has been realized.”

—Zero Hedge: “All that debt Obama acquired and all the stimulus did work to redistribute wealth and income toward the well-connected cronies that funded Obama into office. Obama can talk all he likes about cutting taxes for the middle class, the data shows who Obama’s redistributionist policies have overwhelmingly favored.”

—Vaclav Klaus: “The people who are supporting Global Warming are not interested in temperature. They are interested in government control—identical to Communism.”

—C.S. Lewis: “We all want progress, but if you’re on the wrong road, progress means doing an about-turn and walking back to the right road: in that case, the man who turns back soonest is the most progressive.”




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