Wednesday, November 07, 2012

Soak the Rich? - Henry Hazlitt - Mises Daily

Soak the Rich? - Henry Hazlitt - Mises Daily: "The legal requirement of time-and-a-half wage rates for overtime is based on the assumption that progressive incentives are necessary to get people to work longer and that progressive rewards are justified as the workload increases. But the present income tax is based on precisely the opposite principle of decreasing rewards for increasing work."

"The progressive income tax skims off precisely the funds most likely to go into new investment — into building the new tools and equipment that increase the productivity of the country and lift the living standards of the workers. It slows down the rate of economic progress."

After Obama win, say goodbye to neocons - CSMonitor.com

After Obama win, say goodbye to neocons - CSMonitor.com: "But while there will be fewer boots on the ground, that doesn't mean Obama doesn't have an aggressive foreign policy of his own. It's just of a different style. The president seems as fond of using drones to kill America's alleged enemies abroad as ever, for instance. Obama has ordered alleged Al Qaeda-style militants killed by the hundreds on his watch in Pakistan and Yemen.

This undeclared drone war probably won't abate, with reports from Washington that Obama officials have been working on ways to justify the killings as legal, even when they involve the assassination of American citizens. "