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Eliminate Impediment to Growth | Jeffrey A. Miron | Cato Institute: Commentary: "The usual objection to eliminating taxes on capital income is that it would largely benefit high-income households, who get much of their income from interest, dividends and capital gains.
The fairness objection is not convincing, however, because American taxation of capital income leads capital to countries with lower rates of taxation. The big losers are then the people who might have earned wages and salaries in the businesses using that capital. "
Friday, September 14, 2012
Teachers strike carries risks for young athletes | Fox News
Teachers strike carries risks for young athletes | Fox News: "he and his football teammates have been holding daily practices on their own, without coaches, who are almost all union members."
Thursday, September 13, 2012
MediScare Returns | Michael D. Tanner | Cato Institute: Commentary
MediScare Returns | Michael D. Tanner | Cato Institute: Commentary: "the most optimistic estimate puts Medicare's future unfunded liabilities at more than $38.6 trillion. More realistic projections suggest the shortfall could actually top $90 trillion.
To put this in perspective, the total wealth of every American earning more than $1 million totals roughly $11 trillion. So we could confiscate every penny belonging to every millionaire and billionaire in America and still cover less than a third of Medicare's red ink, even using the lowest estimate for its unfunded liabilities. There is no way to fix Medicare's finances just by raising taxes on the rich."
"The Congressional Budget Office recently pointed out that virtually none of the president's proposed Medicare reforms actually saved money in practice."
To put this in perspective, the total wealth of every American earning more than $1 million totals roughly $11 trillion. So we could confiscate every penny belonging to every millionaire and billionaire in America and still cover less than a third of Medicare's red ink, even using the lowest estimate for its unfunded liabilities. There is no way to fix Medicare's finances just by raising taxes on the rich."
"The Congressional Budget Office recently pointed out that virtually none of the president's proposed Medicare reforms actually saved money in practice."
Obama's Overreaches | Michael D. Tanner | Cato Institute: Commentary
Obama's Overreaches | Michael D. Tanner | Cato Institute: Commentary: "an even bigger concern is the president's assertion that he has the power to waive those requirements in the first place, especially since the law clearly appears to prohibit such waivers."
"On issue after issue, the president insists that "we can't wait." He won't wait for a Congress that may not agree with his ideas for remaking America; he will simply act all by himself."
"On issue after issue, from immigration to housing to presidential appointments, the president has claimed the power to make law unilaterally without congressional action or approval. This is not a question of policy — I actually agree with the president on some of these issues — but of the usurpation of legislative authority. President Obama is dangerously weakening the separation of powers that is at the core of our system of government.
We are, after all, a government of laws and not of men. That should be true even when the president can't wait."
"On issue after issue, the president insists that "we can't wait." He won't wait for a Congress that may not agree with his ideas for remaking America; he will simply act all by himself."
"On issue after issue, from immigration to housing to presidential appointments, the president has claimed the power to make law unilaterally without congressional action or approval. This is not a question of policy — I actually agree with the president on some of these issues — but of the usurpation of legislative authority. President Obama is dangerously weakening the separation of powers that is at the core of our system of government.
We are, after all, a government of laws and not of men. That should be true even when the president can't wait."
California's Prop 37: A Feast for Lawyers | Walter Olson | Cato Institute: Commentary
California's Prop 37: A Feast for Lawyers | Walter Olson | Cato Institute: Commentary: "California's fabled Proposition 65, enacted in 1986, requires the labeling of products that expose consumers to substances linked to cancer. That's a pleasant-sounding idea too, but 26 years later the law has benefited almost no one but litigators. Even as cancer remains just as much of a problem in California as elsewhere, a cadre of lawyers in the state have made many, many tens of millions of dollars filing inadequate-labeling suits against purveyors of such products as candles, fireplace logs, Christmas lights, hammers, billiard cue chalk, matches, grilled chicken, life-saving drugs, brass doorknobs, car exhaust in parking garages, and on and on. (Most of the money in the resulting settlements goes to the lawyers, which is one reason defendants often describe Prop 65 litigation as legalized extortion.)"
Paul Ryan: Don't Believe the Hype | Gene Healy | Cato Institute: Commentary
Paul Ryan: Don't Believe the Hype | Gene Healy | Cato Institute: Commentary: "Ryan was a loyal soldier throughout the free-spending George W. Bush years, voting for No Child Left Behind and the creation of the Department of Homeland Security, among other debacles. At the dawn of the Tea Party, Ryan lent his support to the auto and bank bailouts. He voted for TARP and gave "one of the most hysterical speeches" demanding others do the same"
Tuesday, September 11, 2012
Taxpayers to get charged as Pentagon buys up Chevy Volts | Fox News
Taxpayers to get charged as Pentagon buys up Chevy Volts | Fox News: "Earlier this week, Reuters reported that GM is losing up to $49,000 on every Volt driven out of the showroom. The report took GM’s huge investment in the pioneering car and divided it by the meager sales to date and concluded that each car costs the company nearly $90,000 – more than double the sticker price."
Or get a Tesla for $50k that has 6 times the range!
Or get a Tesla for $50k that has 6 times the range!
September 9: Mitt Romney, Ann Romney, Julian Castro, Peggy Noonan, E.J. Dionne, Bill Bennett, Chuck Todd - Meet the Press - Transcripts | NBC News
September 9: Mitt Romney, Ann Romney, Julian Castro, Peggy Noonan, E.J. Dionne, Bill Bennett, Chuck Todd - Meet the Press - Transcripts | NBC News: "Well, I'm not getting rid of all of healthcare reform. Of course, there are a number of things that I like in healthcare reform that I'm going to put in place. One is to make sure that those with pre-existing conditions can get coverage. Two is to assure that the marketplace allows for individuals to have policies that cover their-- their family up to whatever age they might like. I also want individuals to be able to buy insurance, health insurance, on their own as opposed to only being able to get it on a tax advantage basis through their company."
Monday, September 10, 2012
Teachers, students in one Alabama city told to fight back if facing violent intruder | Fox News
Teachers, students in one Alabama city told to fight back if facing violent intruder | Fox News: "School systems typically tell workers and students to lock every possible door and hide if an intruder enters a classroom building. But Tuscaloosa schools have started a program with city police in which employees and students are being trained to fight back if necessary."
"Police Lt. A.B. Green, who is overseeing the training, said hiding from intruders is sometimes not enough."
"Police Lt. A.B. Green, who is overseeing the training, said hiding from intruders is sometimes not enough."
Economic Lessons from the Olympics | Richard W. Rahn | Cato Institute: Commentary
Economic Lessons from the Olympics | Richard W. Rahn | Cato Institute: Commentary: "Civilization can only advance when individuals are both encouraged and rewarded for excellence. "
"We pay our successful athletes and musicians a great deal of money because their performances "give" us great pleasure. Sam Walton made tens of billions of dollars because he developed and "gave" us a superior marketing and distribution system that enabled all of us to buy tens of thousands of products at lower prices. Those "evil" real estate developers are the ones who take great risks to build hugely expensive buildings and hire great architects who "give" the rest of us the profile and structures of the cities where we live and work."
"We pay our successful athletes and musicians a great deal of money because their performances "give" us great pleasure. Sam Walton made tens of billions of dollars because he developed and "gave" us a superior marketing and distribution system that enabled all of us to buy tens of thousands of products at lower prices. Those "evil" real estate developers are the ones who take great risks to build hugely expensive buildings and hire great architects who "give" the rest of us the profile and structures of the cities where we live and work."
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