Tuesday, September 13, 2011

Now Answer Some Questions | Michael D. Tanner | Cato Institute: Commentary

Now Answer Some Questions | Michael D. Tanner | Cato Institute: Commentary: "Balancing the budget without raising taxes is going to require cutting specific programs, so tell us which ones you would cut."

"Do you support Paul Ryan's plan for Medicare reform? If not, what would you do? What about Social Security?"

"President Bush was all for states rights until a state did something he didn't like, such as legalize medical marijuana or physician-assisted suicide. What happens now if a state, say, chooses to permit gay marriage?"

"Under what circumstances would you commit U.S. troops to combat? It's not enough to say you would protect U.S. vital interests. What are those vital interests? Promoting democracy? Human rights? Fighting every last terrorist in any country that they pop up in? Ensuring 'stability' in every area of the globe?"

"Is it government's role to 'create jobs'? Should government enforce moral values? What things can only government do, and what should be left to civil society?"

Who Serves During Disaster? - Doug French - Mises Daily

Who Serves During Disaster? - Doug French - Mises Daily: Government monopolies have the incentive to provide the least amount of service for the highest cost. So, the government brass suspends services and tells their constituents to go away and come back when it's more convenient. Meanwhile, Waffle House fires up the generators, eager to serve their faithful customers in the worst of conditions.

Why Warren Buffett Is Wrong | Jeffrey A. Miron | Cato Institute: Commentary

Why Warren Buffett Is Wrong | Jeffrey A. Miron | Cato Institute: Commentary: "Focusing on the super-rich also fosters a counterproductive attitude toward material success. The way to promote a hard-working, entrepreneurial and innovative society is to celebrate great wealth so long as it has been earned by legitimate means. When this is not the case, policy should target the wrongdoing directly, not demonize everyone who hits it big.

Most importantly, singling out the super-rich distracts from the real problem: the myriad policies that make no sense in the first place because they inhibit economic growth and that simultaneously redistribute from low-income households to the middle and upper classes."

"taxing investment returns plays a huge role in what kinds of investments occur, and where, even if it has minor effects on the amounts. These tax-induced distortions in investment choices then reduce economic growth. High U.S. taxation on capital income drives investment overseas.

So raising capital tax rates will not make the super-rich pay their 'fair' share; it will encourage capital flight, driving factories and innovation abroad. The rich will still get their high returns, but U.S. workers will have fewer jobs and lower wages."

Time for a Constitutional Fix | Richard W. Rahn | Cato Institute: Commentary

Time for a Constitutional Fix | Richard W. Rahn | Cato Institute: Commentary: "Mr. McClaughry would limit the total amount of federal debt to $20 trillion. Setting an absolute amount makes the calculation unambiguous, unlike most other proposals that refer to some percentage of gross domestic product or other less precise numbers. The United States has a gross debt of about $15 trillion, so the proposal would give Congress several years to get its house in order and give adequate time for the states to ratify it. Mr. McClaughry would allow the issuance of additional debt if, and only if, Congress formally declared war, and only while the armed forces were engaged in combat."

A specific limit would also discourage monetary inflation.

Marriage Equality: Religious Freedom, Federalism, and Judicial Activism | Robert A. Levy | Cato Institute: Commentary

Marriage Equality: Religious Freedom, Federalism, and Judicial Activism | Robert A. Levy | Cato Institute: Commentary: "Moreover, the right to same-sex marriage"

Is marriage a right?

http://www.jasonlewisshow.com/2011/05/oh-so-when-its-marriage-they-object/ says:
"Of course, there is no constitutional “right” to civil marriage — for heterosexuals or homosexuals. That’s why there are laws against bigamy and why some libertarians say government should get out of the marriage business entirely."