Thursday, January 13, 2011

Taxes and the Top Percentile Myth | Alan Reynolds | Cato Institute: Commentary

Taxes and the Top Percentile Myth | Alan Reynolds | Cato Institute: Commentary: "'the upper 1% of the income distribution earned 19.6% of total income before tax [in 2004], and paid 41% of the individual federal income tax.' No other major country is so dependent on so few taxpayers."

"if tax rates on high incomes, capital gains and dividends were increased in 2013, the top 1%'s reported share of before-tax income would indeed go way down. That would be partly because of reduced effort, investment and entrepreneurship."

Obama's Bull's-eye on U.S. Citizens | Nat Hentoff | Cato Institute: Commentary

Obama's Bull's-eye on U.S. Citizens | Nat Hentoff | Cato Institute: Commentary: "An extrajudicial killing policy under which individuals are added to 'kill lists' after secret bureaucratic processes and remain on the lists (for months at a time) even in the absence of any reason to believe that they pose a threat of imminent harm goes far beyond what the Constitution and international law permit.'"

"In Zimbabwe — where President Robert Mugabe, while voicing agreement with the Bush administration's policies in the war on terrorism, "declared foreign journalists and other critics of his regime 'terrorists' and suppressed their work." His version of our "enemy combatants."

And in Eritrea — where the governing party arrested 11 political opponents, has held them incommunicado and without charge, and defended its actions as being consistent with United States actions after September 11"

"Even a Nazi got more due process than we today are willing to extend to U.S. citizens. Aulaqi is a traitor, to be sure, but hanging American traitors is a job for the American federal courts"