September 29, 2021

Yes. Higher corporate taxes are paid by everyone

 

When you raise taxes on corporations, that additional cost is passed on to customers through higher prices, employees through lower wages, and investors with lower returns. It also reduces the size of the economy which hurts everyone.


Federal Analysis Shows Democrat Tax Bill Will Break Biden’s Promise To Not Raise Middle-Class Taxes



https://www.dailywire.com/news/federal-analysis-shows-democrat-tax-bill-will-break-bidens-promise-to-not-raise-middle-class-taxes



Maybe Obama hurt more than he helped?


An interesting discussion between Glen Loury, PhD Economics, and John McWhorter, PhD Linguistics, two blacks who don’t share the Democrats false narrative that systemic white racism is the primary cause of the significant disparities between blacks and whites. 

Excerpt “ I think Barack Obama, as the first black president, was in a unique position to set the tone and let violent protestors know they would be punished for their actions. He chose the easy way. He pandered. He deployed Al Sharpton. And now what is his legacy? He left the Democratic Party in shambles, the country in the hands of Donald Trump, and the black community no better off than he found it. Meanwhile, he repaired to Martha’s Vineyard to collect hundreds of millions of dollars in book and media deals. He could have made different use of his unique status. Instead, he’s truly become what his critics always accused him of being: Just another celebrity.”

Skip to 1:40 to skip introduction 

https://youtu.be/KAUZlrdFMXY

September 28, 2021

Where is Biden, BLM, Lebron? (9/27/21)

 



Where’s the outrage? Where’s BLM? Where’s Lebron?

Another week and more lives lost. Until the Democrats stop propagating the false narrative nothing will change.

Black lives matter - I support the words but cannot support the organization because it propagates the false narrative that systemic racism is the primary cause of the disparities(incarceration, teen mothers, fatherless households, income, wealth, etc.) between blacks and whites.

Racism exists, it’s bad, and we should continue to work to reduce it. Excess police force is bad and we should continue to work to reduce it.

BLM organization’s positions and policies do not address the problems (murders, fatherless households, teen pregnancy) and do not address the key root causes (it’s not excessive police force or systemic racism.)

September 22, 2021

Joe! Where are the workers?

 


Just back from lunch where I saw ANOTHER message from the management from another company asking me to be patient as they are still having trouble getting people to work.  

The data says there are still a lot of people not working. My experiences say that there a lot of companies looking for employees.

Hmmm.  I wonder if the extended unemployment benefits and/or the increased child tax credits and/or the entitlement system are incenting people to NOT work? (see  https://moxlosllc.blogspot.com/2021/02/is-this-systemic-racism-us-discourages.html ).

September 20, 2021

Biden’s Immigration Mess - Aug 21



I support immigration. A lot of immigration. But legal immigration, with a mix of merit based  (engineers, scientists, entrepreneurs, doctors, mathematicians, etc.) and opportunity-based (poor people who want to work hard, adopt American values, and get ahead). 

Biden’s policies are a mess AND put many innocents at risk allow Mexican cartels to get rich. 

September 19, 2021

So. It was a hoax


Yes. The Democrats will lie cheat and steal John Durham on Thurs­day in­dicted a Clin­ton cam­paign lawyer from 2016 for ly­ing to the FBI, but this is no ho-hum case of de­cep­tion. The spe­cial coun­sel’s 27-page in­dict­ment is full of new, and damn­ing, de­tails that un­der­score how the Rus­sia col­lu­sion tale was con­cocted and ped­dled by the Clin­ton cam­paign.

https://www.wsj.com/articles/john-durham-cracks-the-russia-case-fbi-michael-sussmann-clinton-campaign-11631917159?st=y3m2gyx0pafufy9&reflink=article_copyURL_shareQ

Everyone is making more

Everyone is making more

Yes, the rich got richer.  But so did everyone else.  The CBO Distribution of Household Income Report 2017, just released, shows that there has been a continual increase in income by all quintiles with the lowest quintile actually having the highest growth.

What is a fair share?



It seems that we already have a progressive tax system and the richest are paying by far the highest share.














September 15, 2021

Still no help from Lebron or BLM

 

 





Where’s the outrage? Where’s BLM? Where’s Lebron?

Another week and more lives lost. Until the Democrats stop propagating the false narrative nothing will change.

Black lives matter - I support the words but cannot support the organization because it propagates the false narrative that systemic racism is the primary cause of the disparities(incarceration, teen mothers, fatherless households, income, wealth, etc.) between blacks and whites.

Racism exists, it’s bad, and we should continue to work to reduce it. Excess police force is bad and we should continue to work to reduce it.

BLM organization’s positions and policies do not address the problems (murders, fatherless households, teen pregnancy) and do not address the key root causes (it’s not excessive police force or systemic racism.)

September 13, 2021

Iran Nuclear Deal was always a Fairy Tale


UPDATE - But the regime also has stonewalled a sep­a­rate IAEA in­ves­ti­ga­tion into un­de­clared nu­clear sites in the coun­try. This points to a fun­da­men­tal flaw in the nu­clear agree­ment: No one knows the true ex­tent of the Iran­ian nu­clear pro­gram, let alone what’s hap­pen­ing at the de­clared sites. The sense of se­cu­rity the deal pro­vided the West was il­lu­sory, but the sanc­tions re­lief was real.


Iran was always Cheating

A key part of the Iran Nuclear Deal, in addition to the "anywhere anytime" inspections (that in reality were only as/if Iran chose to allow - which they didn't) was complete disclosure of all nuclear activity.

Just this month the IAEA said its in­ves­ti­ga­tors found nu­clear ma­te­r­ial at another un­de­clared site and that Iran’s ex­pla­na­tion was “not cred­i­ble.” 

This is in addition to the discovery in May 2018 of the existence of a secret Iranian nuclear archive — a curation of Iran’s past work on nuclear weapons, which had never been disclosed to international inspectors or nuclear deal negotiators.

What else don't we know.

Too bad Iran's top nuclear weapons scientist, Mohsen Fakhrizadeh, was just assassinated in an ambush.

And too bad that it appears Democrats and Biden's team still believe in fairy tales

U.S. Senator Chris Murphy, the top Democrat on the U.S. Senate’s Middle East subcommittee, said on Twitter that “this assassination does not make America, Israel or the world safer.” Huh???

Robert Malley, who served as Iran adviser to Obama and is advisor to Biden’s team, questions Fakhrizadeh’s killing, "One purpose is simply to inflict as much damage to Iran economically and to its nuclear program while they can, and the other could be to complicate President Biden’s ability to resume diplomacy and resume the nuclear deal” 




 

September 11, 2021

Way to go Joe

 Can anybody imagine, well I guess half the country can, what the Democrats would be doing if Trump had won and was doing the things Biden is doing?

Strong possibility you’d be seeing more Democrats dying from burst blood vessels than COVID. 

September 7, 2021

Biden’s climate policies cost more than they save

 Biden‘s climate policies cost more than they save. 

The proposed changes essentially eliminate very low cost power sources for very high cost power sources meaning they significantly reduce the GDP in early years and only slightly increase GDP in late years. 

Also, importantly, the changes make only a slight difference in what will be an increase in temperatures.

Some important changes would be to significantly increase R&D dollars and to fully back nuclear.


A great article  https://johnhcochrane.blogspot.com/2021/09/climate-economics.html



But climate financial regulation will not help the climate, will further politicize central banks, and will destroy their precious independence, while forcing financial companies to devise absurdly fictitious climate-risk assessments will ruin financial regulation.

September 5, 2021

There’s no increase in numbers or intensity of hurricanes or wildfires






 


Steven Koonin, who was chief sci­en­tist of the Obama En­ergy De­part­ment ar­gues that what the me­dia and politi­cians and ac­tivists say about cli­mate sci­ence has drifted so far out of touch with the ac­tual sci­ence as to be ab­surdly, demon­stra­bly false.


From deeply ex­am­in­ing the world’s en­ergy sys­tem, he also be­came con­vinced that the real cli­mate cri­sis was a cri­sis of po­lit­i­cal and sci­en­tific can­dor: “the world isn’t go­ing to be able to re­duce emis­sions enough to make much dif­fer­ence.”

He points out the weakness and uncertainty in the models, doubting the use­ful­ness of cen­tu­ry­long fore­casts claim­ing to know how 1% shifts in vari­ables will af­fect a global cli­mate that we don’t un­der­stand with any­thing re­sem­bling 1% pre­ci­sion.

He agrees that the world has warmed by 1 de­gree Cel­sius since 1900 and will warm by an­other de­gree this cen­tury, plac­ing him near the mid­dle of the con­sen­sus, but he doesn’t see any­thing that would jus­tify the rapid and whole­sale aban­don­ing of fos­sil fu­els, even if China, In­dia, Brazil, In­done­sia and oth­ers could be dis­suaded from pur­su­ing pros­per­ity.

He’s a fan of ad­vanced nu­clear power even­tu­ally to pro­vide car­bon free base-load power.

But the Green New Deal makes no eco­nomic sense to force.  Every­thing he sees in the sci­ence sug­gests a slow, mod­est ef­fect, not a run­away warm­ing.  Let tech­nology and mar­kets work at their own pace. The cli­mate might con­tinue to change, at a pace that’s hard to per­ceive, but so­ci­eties will adapt. “As a species, we’re very good at adapt­ing.”


But climate financial regulation will not help the climate, will further politicize central banks, and will destroy their precious independence, while forcing financial companies to devise absurdly fictitious climate-risk assessments will ruin financial regulation. https://johnhcochrane.blogspot.com/2021/07/climate-risk-to-financial-system.html



https://johnhcochrane.blogspot.com/2021/07/rossi-hansberg-on-effects-of-carbon-tax.html

September 3, 2021

Joe “leave no one behind” Biden

Joe “leave no one behind” Biden





Afghan interpreter who helped rescue Biden in 2008 left behind after US exit


Law­mak­ers and me­dia or­ga­ni­za­tions are call­ing on the Biden ad­min­is­tra­tion to help get more than 500 gov­ern­ment-funded me­dia em­ploy­ees and their families out of Af­ghanistan, where they risk ret­ribution from the Tal­iban for their af­fil­i­a­tion with the U.S. gov­ern­ment.


A State Department official said in a private ebriefing to reporters that “the majority” (10’s of thousands) of special immigrant visa applicants were left in Afghanistan due in part to the complications of the evacuation


Hundreds of American citizens left behind -US State Department


Not to mention the tens of billions of dollars of weapons left behind

September 2, 2021

Roe v Wade was not overturned

 SCOTUS doesn’t rule the Texas law is Constitutional. It actually followed precedent by not ruling on the law until there is a person with standing bringing a case. Ultimately the Supreme Court will find the Texas abortion law unconstitutional: “…we stress that we do not purport to resolve definitively any jurisdictional or substantive claim in the applicants’ lawsuit…this order is not based on any conclusion about the constitutionality of Texas’s law, and in no way limits other procedurally proper challenges…”

https://www.wsj.com/articles/texas-abortion-law-blunder-supreme-court-samuel-alito-john-roberts-whole-womans-health-11630619631?st=fqofvhmxrvvo9ok&reflink=article_copyURL_share

https://jonathanturley.org/2021/09/02/supreme-court-rejects-injunction-of-texas-abortion-law-media-erupts-with-roe-obituaries/

Turkey - This order concerns whether a court can enjoin the law before any final review on the merits. Any challenge to the law could be expedited on appeal.

The problem is that the challengers to the Texas law picked defendants (a state court judge and a court clerk) that do not enforce the law. Indeed, they appear virtually random.

Individual responsibility versus "privilege "


Individual responsibility versus privilege  

I listened to “The Daily” (NYT) podcast about hurricane Ida.  My heart goes out to the millions of people who are suffering and at risk due to the lack of air conditioning when it’s extremely hot and humid down there, lack of water, lack of food, and lack of gas. 

However, there were two aspects that bothered me. 

The first was the speaker’s us of the word “privileged” when comparing those who lived in areas or that had more resources that were better able to deal with the horrible conditions. Priviledge is defined as, “a special right, advantage, or immunity granted or available only to a particular person or group.” 

I know of nothing in the US that prevents anyone from working harder, longer, smarter to better their position, other than any inherent limitations a individual has. I find it particularly unfair, and a threat to our country, when people claim that disparities in outcomes is primarily due to some undefined and unclear “privilege” rather than effort, self reliance, individual responsibility, and environment during developmental years.

The second point is that I can’t help but wonder how the New York Times along with the rest of the main stream media would be talking about the role of the government and the failure of the government to immediately resolve the problems and issues millions of people are suffering right now if there was a Republican president.  Note this is not a criticism of Biden or the governments response. It is a criticism of the NYT’s and main stream media’s  and complete hypocrisy.


September 1, 2021

Waking up more important than keeping your word

 Hmmm. Why is it that now using certain words like “birthing person” instead of “birthing mother” is more important than keeping our word “we will leave no one behind.”


Cryptos are cryptic (to me)

 

Given the total supply of crypto currencies (e.g. Bitcoin, Ethereum, etc.) is infinite

AND given the price of something in infinite supply is its marginal cost of production,

HOW can anybody justify the current values of crypto currencies?

Not to mention that the transaction cost driven by the cost to validate transactions is not free. In fact this cost can be significant.