Only muddy-brained or mean-spirited people would favor such a tax -- yet many such people are found in the Internal Revenue Service and Congress. The tax that I am referring to is the capital gains tax, and even more specifically, the capital gains tax as it is applied to the sale of commodities.
A capital gains tax liability occurs when you sell an asset for more than you paid for it. The asset could be stocks, bonds, real estate, art, or gold and other commodities.
Most commodity prices have fallen, after reaching a cyclical high at the beginning of the Great Recession, which means, even in nominal terms (not-inflation-adjusted), the capital gains tax on commodities is a net revenue loser for the government.
The issue is of renewed importance because of the rise of new, private digital-like monies (e.g., bitcoin).
The sea ice in the Arctic Ocean is approaching its annual nadir. By early September each year about two thirds of the ice cap has melted, then the sea begins to freeze again.
This year looks unlikely to set a record for melting, with more than four million square kilometers of ice remaining, less than the average in the 1980s and 1990s, but more than in the record low years of 2007 and 2012. (The amount of sea ice around Antarctica has been increasing in recent years, contrary to predictions.)
Meanwhile, the habit of some scientists of predicting when the ice will disappear completely keeps getting them into trouble. But would it matter if it did all melt one year? Here’s the point everybody seems to be missing: the Arctic Ocean’s ice has indeed disappeared during summer in the past, routinely.
And when it did, during a period known as the “Early Holocene Insolation Maximum” (EHIM), it was the best thing that ever happened to humanity. Here’s why.
What does she stand for? What are the genuine accomplishments in her life? What new innovative ideas does she have to change the current direction of the country that two-thirds of voters think is wrong?
Then there are questions of ethics and morality. Ereyesterday (8/28), Roger Simon laid out the stakes:
“The truth about the Clinton Foundation is already clear: a medium to leverage Hillary Clinton's position as Secretary of State for personal enrichment and global control by the Clintons and their allies. To my knowledge, nothing like this has ever been done in the history of the United States government.
This means quite simply, that the United States of America has abandoned the rule of law. The election of Hillary Clinton—our own Evita—will make the situation yet more grave. Consider something so basic as how you raise your children in a country where the president is most probably an indictable criminal and most certainly a serial liar of almost inexhaustible proportions. What does this say about our basic morality and how does that affect all aspects of our culture?”
It’s been a long hot political summer, with the Lying Swine Media in a 24/7 feeding frenzy to demonize Trump and coronate Hillary as having already won before the campaign really begins. As always, summer froth abates over Labor Day weekend, with campaigns beginning in earnest the day after – one week from today, Tuesday September 6th.
So with the LSM predicting the race for the White House is over before it begins, I figure I might as well join in. My prediction is: Hillary is going to lose. She is going to lose, as Dick Cheney would say, “big time.”
Of course I’m going to caveat that big time – I’ve been wrong too many times before not to do that. But let’s set the caveats aside for now. Let’s first count the abundance of ways she’s going down for the electoral count.
It “wasn’t organized lawfully and it isn’t operating lawfully. There’s never been an audit,” says Charles Ortel, described by the London Sunday Times as “one of the finest financial analysts on the planet.”
Mr. Ortel has examined every public filing by the Clinton Foundation and its donors. He’s found major discrepancies between what the Clinton Foundation reported receiving and what donors say they gave.
For instance, between Sept, 2006 and Dec. 2008, the UNITAID consortium reported giving $100 million more than the Clinton Foundation reported receiving, Mr. Ortel told me in an interview.
“The business model of the Clintons is to stand between misery and the donor community and allow millions – maybe billions – of dollars to get diverted,” Mr. Ortel says. “Where there’s misery, they figure out a way to profit from it.”
Good grief. What a disastrous, horrible, no-good lousy week this has been… for The PIAPS.
I’m sure you need cheering up after this depressing news, and if listening to a masterful British orator won’t do it, nothing will:
Nigel Farage, however, was the least of Shrillary’s worries this week. On Wednesday (8/24), the New York Post’s cover story was A Nation for Sale under Hillary Clinton. But this isn’t a Post scoop – this is an exposé of the Clinton Foundation’s naked criminality by the media’s gold-standard flagship, the Associated Press itself. Every newspaper in the country uses an AP newsfeed. As such, it cannot be ignored by the Libtard Media and it is utterly devastating.
Trump was fully justified to declare that, “It is now clear that the Clinton Foundation is the most corrupt enterprise in political history.”
Jack Kelly had a marvelous column this week on Journalists as Presstitutes. They are intentionally biased for the left, willful propagandists and shills for the Democrats.
There is another way they presstitute themselves that you should know about, for it will give you a deep insight into how journalism really works. We use a current story about Turkey in the New York Times as a prime example.
How’s this for a headline in this morning’s (8/26) London Daily Express: Favorite to be Next Dutch Prime Minister Vows to Ban the Koran and Close All Mosques. Yep, that’s Geert Wilders. He and his Dutch Freedom Party lead every poll there is by double digits, and the election is soon.
We have the HFR’s favorite judge, favorite Olympian, and Hero of the Week. Here we go.
We are in a landlocked and isolated sliver of Moldova that wanted no part of the breakup of the USSR in the wake of Berlin Wall falling in November 1989.
Except for TTP -- nowhere.
The two things essential for the preservation of a free society are an educated populace and a free press, Jefferson said.
“If a nation expects to be ignorant & free, in a state of civilization, it expects what never was & never will be,” he said. "Our liberty cannot be guarded but by the freedom of the press, nor that be limited without danger of losing it."
Liberty is on life support chiefly because (most of) those responsible for the education of our children are not teaching them what they need to know to be good citizens, and because so many in the news media are lap dogs, not watchdogs.
The news media are intentionally biased, said 70 percent of respondents to a survey conducted last year by USA Today and the Newseum Institute, a 15 percent increase over the year before.
Many journalists abuse trust placed by pushing agendas. They strive to shape public opinion rather than simply to inform it. The vast majority of presstitutes shill for Democrats and left wing causes.
It is not as if we need evidence of what nations are sponsoring terror attacks against us. Whether the attacks of 9-11, the Khobar Towers bombing, and the attacks on our embassies in Kenya and Tanzania, Iran was the prime culprit, in addition to the thousands of American soldiers maimed and killed by IED’s strewn all over Iraq and Afghanistan by Iranian agents.
If the Joint Comprehensive Plan of Action (JCPOA, Obama’s Iran nuclear deal)) was truly able to prevent Iran from building nuclear weapons, looking the other way while Iran builds ballistic missiles and supports terrorism might be considered unpalatable, but nonetheless necessary if that were the only choices before us.
But the JCPOA only delays Iran from reaching its goal of becoming a nuclear-armed state sponsor of terrorism—which all evidence suggests is happening rapidly. The effect on Middle East security is already devastating.
By our inaction, we are helping Iran create a Shia crescent from Iran to Iraq to Syria to Lebanon and to the Mediterranean Sea, an arc dominated by Iran and its terror proxies that jeopardizes the entire Middle East and especially the US allied oil producing states.
China is at mounting risk of a Japanese-style "liquidity trap" as monetary policy loses traction and the economy approaches credit exhaustion, forcing a shift towards Keynesian fiscal stimulus.
Officials at the Chinese People’s Bank (PBOC) have begun to call for a fundamental change in strategy, warning that interest rate cuts have become an increasingly blunt tool. They cannot easily stop companies hoarding cash or halt the slide in private investment.
Sheng Songcheng, the PBOC’s head of analysis, set off a storm last month by warning that the economy had “started to show some signs of being caught in a liquidity trap.”
Caixin magazine said last week (8/16) Chinese companies are hoarding record sums of “dead money” rather than spending it. The growth rate of private investment has dropped to 2.1% over the last seven months, the lowest since global financial crisis.
The International Monetary Fund warned in June that China’s corporate debt has reached 145% of GDP. “Vulnerabilities are still rising on a dangerous trajectory. They must be addressed immediately,” it said. China’s entire financial system is clearly out of kilter.
Climate change projects spend enormous sums with no effect. They have not only been a waste of money, they have done real harm.
Some trillions of hard-earned taxpayer dollars have been spent to combat global warming over the last three decades. Has the expenditure of all of this money reduced global temperatures from where they would have otherwise been? No, at least not to a measurable degree.
The major governments of the world have undertaken a public policy which to date has cost far more than any benefits. The rebuttal by the advocates of all of this government spending is to say it is nothing more than a down payment on what needs to be done and the benefits will accrue to future generations.
British scientist Valentina Zharkova and her team at Northumbria University in the United Kingdom have produced a new model enabling unprecedentedly accurate predictions of the sun’s solar cycle. She recently presented her findings in an address to the Royal Astronomical Society, Heartbeat of the Sun from Principal Component Analysis and prediction of solar activity on a millenium timescale.
The model predicts that a coming periodic reduction in the sun’s magnetic radiation will soon lead to major global cooling.