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L i k e U s ! ! !

U.S. SHOULD AX DESTRUCTIVE TAX


Corporate levy trashing returns

It's difficult to say definitively which tax is the most destructive. The corporate income tax is a leading candidate for causing higher prices to consumers, lower wages to workers and lower returns to investors. It misallocates capital, resulting in higher levels of unemployment and lower levels of economic growth and opportunity, and it taxes income that has already been taxed as least once before.

The 2012 annual rankings of "Corporate Tax Competitiveness" was published in Canada by University of Calgary and in the United States by the Cato Institute. In the study, authors Duanjie Chen and Jack Mintz of the school of public policy at the University of Calgary present new estimates of effective tax rates on corporate investment for 90 countries.

"These tax rates take into account statutory rates plus tax-base items that affect taxes paid on new investment, such as deductions for capital depreciation, inventory costs, and interest expenses." The United States is in the "uncompetitive position of having the highest statutory tax rate in the world, with a combined federal-state tax rate of about 40 percent." Only the economic basket cases of Argentina, Chad and Uzbekistan have slightly higher effective marginal tax rates. The United States...

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THE YEAR OF NOW OR NEVER


The way I write may surprise you as much as it surprises me.  I get an idea of something I think is interesting, compile sources and references for it along with a few minimal notes, start writing with no clear picture of how this is going to turn out, then keep writing with no major edits or re-writes until I get to the end - which most often says something I had no idea I was going to say when I started.

So let's see how this what's-coming-for-the-new-year effort turns out - because I have to tell you I wish I could be Rip Van Winkle now.  Just go to sleep and wake up in 10 or 20 years when the awfulness of 2012 and the decade or two it took to recover from it is gone.

I want to shed light on the darkness descending upon us, but as an example of how hard this is, consider that...

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RESTORING SOUND MONEY


Confidence in the dollar is plummeting, confidence in the euro has been shattered by the European bond crisis, and beleaguered consumers and investors are slowly but surely awakening to the fact that government-issued currencies do not hold their value.

A government monopoly on the issuance of money is purely a method of central control over the economy. If you can be forced to accept the government's increasingly devalued dollar, there is no limit to how far the government will go to debauch the currency.

Anyone who attempts to create a market based currency-- meaning a currency with real value as determined by markets-- threatens to embarrass the federal government and expose the folly of our fiat monetary system.  So the government destroys competition through its usual tools of arrest, confiscation, and incarceration.

This is why I have taken steps to restore the constitutional monetary system envisioned and practiced by our Founding Fathers. I recently introduced HR 1098, the Free Competition in Currency Act.

This bill eliminates three of the major obstacles to the circulation of sound money:

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COMMENCEMENT

Mr. Chancellor, Members of the Board of Regents, Members of the Faculty, Honored Graduates, Families and Friends:

It’s funny that they call this ceremony a Commencement, for you’ve all reached the finish line: college, goodbye, we’re outta here. Yet of course, “commencement” means a beginning, not an end.

But one is supposed to at least start - commence - a talk such as this by saying funny things. So I’ll start by talking about Clark Gable movies. If you’ve heard of Clark Gable at all, you know he was the biggest movie star in Hollywood a long time ago. His most famous movie was of course Gone With The Wind.

He made a movie in 1955 called The Tall Men with Jane Russell as his girlfriend and Robert Ryan as the heavy. It’s a pretty ordinary Western flick with outlaws and cowboys and Indians - and at the end, Ryan, the bad guy, and his henchmen get the drop on Gable, the good guy, and all seems lost. Suddenly, surprise, Gable outfoxes Ryan and triumphs. Gable makes his exit, and after he does, Ryan delivers a line that I want you to never forget.

Serendipity is funny, a very funny thing, finding something where you least expect it. Out of the blue, out of a movie awash with pedestrian dialogue, comes a line so profound it detonates inside your brain. Ryan turns to his men and says:

There goes the only man I ever respected. He’s what every boy dreams he’ll grow up to be - and wishes he had been when he’s an old man.

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ROOTING FOR OZ

Forgive my prejudice, but I have a special fondness for the Land of Oz - that continent down under populated by the cheeriest, heartiest people on the planet who insist on calling their country Oz-trial-yuh.

Here in the US, even though we’re freaking out over our elections a little over three weeks from now, we should take a moment to root for our Ozzie friends who themselves are having an election as I am writing this.

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EASIER WAYS TO SAVE YOUR SYSTEM

In my last column I ended with:

Another option with Outlook is to use the Save Settings wizard in the tools folder to backup your settings. For example, settings include your rules, accounts, and the accessibility of your address book. Yes the .pst file will restore it as will the folders above, but the settings will restore them just the way you had them. It worked for me.

Since then I found there’s a tool to save your settings for all the applications in Microsoft Office 2002 or 2003. That includes Microsoft Word, PowerPoint, Microsoft Access (for those of you who use this great Departmental-sized database) and Microsoft Excel.

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THE FANATICS’ FIVE LIES ABOUT FRACKING


It was US Senator Daniel Patrick Moynihan who once said: "You are entitled to your opinions, but not to your own facts." In the debate over shale gas - I refuse to call it the fracking debate since fracking has been happening in Britain for 50 years - the opponents do seem to be astonishingly cavalier with the facts.

Here are five things they keep saying which are just not true:

First, that shale gas production has polluted aquifers in the United States.
Second, that it releases more methane than other forms of gas production.
Third, that it uses a worryingly large amount of water.
Fourth, that it uses hundreds of toxic chemicals.
Fifth, that it causes damaging earthquakes.

Here are the facts for each:

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HALF-FULL REPORT 02/01/13


In The Brexit and Texit this week, we learned an important word: hysteresis.  Originally a concept in physics to quantify the effects of lag time, it's now used in economics:  "If people are out of work for long enough, the damage to skills and human capital becomes a permanent loss. The underlying growth potential of the economy is damaged for years."

Under Zero, hysteresis has become a political strategy.  Damage America's economy, national security, and moral culture long enough and consistently enough to become permanent.  Part of the strategy is convincing people that resistance to it is futile, even immoral.  Thus the number of his fellow travelers and useful idiots increases.

You could not get a clearer example than, on Tuesday (1/29), 94 out of 100 Senators voted to confirm a treasonous, characterless scumbag as Secretary of State.  There are now only 3 Senators with any self-respect or decency:  John Cornyn (TX), Ted Cruz (TX), and Jim Inhofe (OK) who voted No (Kerry along with 2 others abstained).

And it could get worse. Yet for all of this, there were a number of bright spots this week.  Here we go.

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AMERICA IN FREE FALL


Economic freedom in the US is dropping fast.

The annual Economic Freedom of the World report, including an index of country rankings, has just been released, and it should be a wake-up call. The United States was known as the bastion of economic freedom for more than two centuries, and it was because of its economic freedom that the nation became the pre-eminent economic power.

 However, in just a few short years, the U.S. has fallen from No. 3 in 2000 (behind the city-states of Hong Kong and Singapore) to No. 8 in 2005 and to No. 18 in 2010, the last year for which complete statistics are available. Worse yet, the U.S. decline continues, and in next year's ranking, it is almost certain to be lower.

A few facts will help illustrate why economic freedom is so important.

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WORSHIPPING THE WICKED


You've all seen the news clips of North Koreans in a state of religious lamentation, grieving their guts out over the death of their dictator Kim Jong-il.  Cynics who have never been there claim the tears are fake. Nope, the tears are real.  And what's more, all those Norks in mourning believe the entire world mourns with them.

They would be stunned literally beyond belief to hear that their Dear Leader was regarded as a little fat nebbish laughingstock for all normal people on the rest of the planet.  This was epitomized by South Park creators Trey Parker and Matt Stone in the funniest movie of modern times, Team America (TTP October 2004).

After Kim throws UN nuclear negotiator Hans Blix ("Hans Brix") into a shark tank where he is ripped to shreds, Kim launches into a song:  "I'm so ronery... so sadry and ronery arone..."  It's the classic portrayal of Kim Jong-il as a joke - yet Kim Jong-il in reality was a hideously evil ogre, not a joke.  He caused the deaths by famine of millions of his countrymen, and forced those left to live in impoverishment and the most brutal tyranny. 

Why, then, was he worshipped?  The answer explains his worship in North Korea, and the electoral strategy of the Democrat Party in America.

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RESTORING CONSTITUTIONAL GOVERNMENT


I am a constitutional conservative. So what does that mean? I've earned a couple of law degrees, but defining "constitutional conservatism" shouldn't require a legal scholar.

I believe our founders knew what they were doing when they designed a limited government with specific, enumerated powers. I'm also convinced that many of our problems result from the federal government's insatiable - and unconstitutional - grab for power and money.

On issues ranging from light bulbs to bailouts to the Dodd-Frank banking legislation, Washington has been on a destructive spree of bureaucratic empire-building. It's time for that to stop.

Moreover, I believe in the unjustly neglected Tenth Amendment: "The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people."

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ALLAH AND SLAVERY


As we discussed in The Fragility of Islamofascism a couple of weeks ago, in order to destabilize the frenzy of Islamofascism it is necessary to instill doubt into fragile Islamofascist minds. 

One way to do so is in regards to the Koran's Satanic Verses, discussed last week in The Skeleton in Islam's Closet.  Now were going to discuss another way - the embarrassment of Allah's advocacy of slavery.

Slavery is no embarrassment to Allah, nor had it been to Moslems who practiced it for 13 centuries.  Now it is and we need to take advantage of the opportunity.  Instilling doubt can be done with a simple request:

Since Allah sanctions slavery in the Koran, either slavery is right or Allah is wrong.  Choose.

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THE SANDBOX

In a playground there is one spot that is considered a save haven for kids who get bullied. Where is this safe place? It’s the sandbox - which is in direct sight of the parents.

Ever notice that? Playground sandboxes are usually situated right in front of the benches where parents congregate. Park planners apparently believe that kids who play in sandboxes need to be watched.

Maybe that’s how the term ‘sandbox’ came to be applied to a safe haven in a computer - a place where programmers can experiment with techniques and applications without affecting the operating system.

In the sandbox, you can unleash any application - even viruses - to see what affect it has on a computing environment. Whatever happens in the sandbox stays in the sandbox, to paraphrase a popular ad.

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CHAVEZ IN CHILE?




This picture of Teddy Roosevelt is a family heirloom. The reason is that the man standing in front of TR is the Chief of the Secret Service Presidential Bodyguard - my grandfather Lucien C. Wheeler.

Lucien was with the Secret Service guarding the lives of four presidents (TR, Taft, Wilson, and Harding). He admired and revered TR above all. While he passed on many years ago, I feel quite sure he would feel the same towards GW. George W. Bush is a man’s president, just like Teddy Roosevelt.

Lucien would also have been extremely alarmed at what happened regarding the president in Chile last Saturday, November 20. However much Lucien would have delighted in GW’s rescuing his Secret Service counterpart from the Chilean police, and laughed over the Chilean newspapers denouncing GW for “behaving like John Wayne” (“Don’t those fools understand that John Wayne is a hero to Americans?” I can hear him asking), he would also have immediately suspected something far more sinister than the puffed-up egos of Chilean security officials.

His suspicion would have quickly zeroed in on Hugo Chavez, dictator of Venezuela.

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ONE SINGLE STATEMENT FROM ONE SINGLE PERSON

One single statement from one single person would put an end to the threat of a Kerry Presidency.

The question has now become whether a Kerry “victory” at the polls would be more destructive of American democracy than Islamic terrorism. The answer is that it would be greater. Terrorists can destroy physical targets, while a Democrat electoral fraud would destroy basic democratic systems that are the foundation of governmental legitimacy. Such destruction could very well ignite a civil war.

The evidence that Democrats are relying on thugs and cheats to fraudulently “win” the presidential election is massive and mounting daily. Bush-Cheney offices are being vandalized across the country, voter registration fraud is overwhelming registrars in a dozen or more states, tens of thousands of lawyers plan to intimidate precinct workers and launch a tidal wave of lawsuits.

One person can put a stop to this. One single statement by this one single person. A person put on a pedestal by John Kerry. The statement is this:

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