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WHY HIGH-TAX POLITICIANS ARE ALWAYS WRONG

high-tax-chartIf you were really hungry and given the choice of half of an eight-inch pizza or a third of a twelve-inch pizza, which would you choose?

Already, the normal group of know-nothings among the political class and the press are proclaiming that President Trump’s proposed reduction in the corporate tax rate will only benefit the rich. The safe bet is all those folks are wrong, once again.

Those who view the world in static rather than dynamic terms, including some of the official revenue-estimating offices, claim that reducing the tax rate on a company that made a $100 million profit from the current 35 percent to the proposed 15 percent will cost the U.S. Treasury $20 million.

That statement is only true if the tax change was made retroactive for last year’s income. The wiser person understands that there are no constants, perhaps with the exception of the speed of light. When everything is a variable, including time, first-order observations are usually at least in part wrong.

This is why models that claim to statically forecast entire economic systems (which depend on accurately predicting human behavior) or climate systems over long periods of time are close to useless.

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DON’T BITE THE HAND THAT FEEDS YOU

Yesterday (5/04), Australian Prime Minister met with President Trump.  TTP would like to honor the US-OZ relationship by presenting the most popular song currently in Australia.

It’s a response to a Moslem group called Hizb-ut-Tahrir Australia.  At the bottom of its homepage, you will see its declaration:

“Hizb ut-Tahrir is an Islamic political party that works globally to resume the Islamic way of life through the establishment of the Khilafah [Caliphate] in the Muslim World. In the West, Hizb ut-Tahrir carries Islam intellectually as the solution to the malaise of secular liberalism.”

It’s currently in the Aussie news for calling for Moslem apostates to be executed, and advocating “wife-bashing” domestic violence.

So, enjoy Don’t Bite the Hand that Feeds You!  Hurray for the Aussies.  We need their spirit – and their songs – here in America.

 

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HALF-FULL REPORT 04/28/17

texas-chainsaw-massacreIncoming!  There’s been such a barrage of news lobbed into the HFR this week that we thought we’d have to duck for cover.  But it turns out that most of it is  good.  Not all, though.  Might as well get that over with first.  Which means you need to read a new book just out…

Meanwhile, on Monday (4/24) the Spectator offered a marvelous way to end Congress’ obstinacy on Obamacare Repeal:  terminate, by a stroke of Trump’s pen, Congress’ illegal exemption…

The actual prospect of criminal prosecution by the Justice Department is the way to end UniParty corruption and bring RINOs to their senses.  It’s also a way to do the same with corrupt Obama judges…

OK, let’s switch gears to the good stuff.    And it involves something unbelievably cool.  Here we go…

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QUESTIONS CONSERVATIVES SHOULD HAVE ASKED THE PRESIDENT

trump-pointingLate Monday afternoon (4/24), 60 or so conservative journalists and editors gathered in the Roosevelt Room of the White House for their own private press conference with President Trump.  I was not there as I was, and still am, in Eastern Europe.

Another fellow who was not there was a writer for The Hill, Jonathan Easley.  He interviewed a number of the attendees, many of whom whined and complained to Easley like spoiled brats.  So he reported (4/25):  Conservative Media Figures Disappointed with Trump Meeting.

One fellow who was there and not one of the complainers is Scott Johnson of Powerline.  Not only is Scott a solid clear-thinking liberty advocate, he’s also a true gentleman.  His account of the meeting (4/25):  At the White House with Trump.

Scott’s is well worth reading.  His conclusion at the meeting’s end:  Trump gave “an impressive performance” in both substance and demeanor.  He answered questions calmly and graciously, with “fluency and facility.”

What was not impressive was the lack of good questions from the President’s audience.  Here was a golden opportunity, and with exceptions like Roger Kimball’s on Iran and others, the questioners blew it.  Fully half, reported Scott, of the 30 minutes given them, was devoted to in-the-weeds questions on trade.

So here are a half-dozen Questions Never Asked but should have been.  Like you, I sure would like to know the answers.  Ps:  There’s a Bonus Question.

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THE CHIEF CULPRIT IN THE MIDDLE EAST IS IRAN AND HEZBOLLAH

Iran’s Hezbollah Terrorists
Iran’s Hezbollah Terrorists

If we are speaking honestly about conflict in the Middle East, we need to start with the chief culprit: Iran and its partner militia, Hezbollah.

Iran and Hezbollah conspire together to destabilize the Middle East, and their actions are expanding. For decades, they have committed terrorist acts across the region.

Today, they prop up Bashar al-Assad’s brutality, fighting alongside his forces, adding to the killing of thousands of civilians and the misery of millions of refugees. They train deadly militias in Iraq and arm Houthi militants in Yemen.

While this [UN Security] Council has paid too little attention to this growing menace, the United States will not. We are going to speak up about Iran and Hezbollah, and we are going to act against their lawlessness.

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PUTIN IS LEFT OUT IN THE COLD

putins-irrelevanceThis past week’s big and still developing story is the sharp escalation of confrontation on the Korean peninsula. But Russia, which has made itself a key actor to many current global dramas, from the French elections to the civil war in Libya, is not a part of it.

Given that Russia borders North Korea—the distance from the Punggye-ri nuclear test site to Vladivostok is shorter than to Pyongyang—this abstention is rather surprising.

Perhaps most upsetting for the Kremlin is that the main format for managing the North Korean crisis was established at the recent meeting in Mar-a-Lago between presidents Donald Trump and Xi Jinping – and Beijing has shown no inclination to discuss these matters with its “strategic partner” Moscow (Republic.ru, April 21).

Putin has not seen Xi since last November and has not spoken with him on the phone for months; neither Prime Minister Dmitry Medvedev nor Defense Minister Sergei Shoigu have had any recent contacts with their Chinese counterparts.

The fact is, Putin is being left out in the cold by Washington, Beijing, and most everyone else.  Ever since Trump took his pants down in Syria, he doesn’t seem so important anymore.

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THE FRENCH OBAMA

“The Idol of the Elite”
“The Idol of the Elite”

If you want to know the likely result of France’s presidential election runoff 10 days from now (May 7), just look at how the markets responded. The euro and the French markets both jumped dramatically.

And this has nothing to do with the underlying strength of the sclerotic, unionized, statist, overtaxed, unproductive French economy or, indeed, with the future of the doomed euro.

It was simply a case of the status quo breathing a sigh of relief that it was going to be business as usual, after all: Emmanuel Macron, the de facto Establishment candidate is now pretty much a shoo-in for the French presidency; his rival, Marine Le Pen doesn’t stand a prayer – of that the Establishment will make sure.

That is, Emmanuel Macron is going to win this presidency because it was decided long ago by France’s Establishment that he was the least-worst option of the candidates available.

The fact that he is a hollow man – a slippery, snake-oil-salesman with a winning smile and nice suits – who will do almost nothing seriously to address France’s massive social and economic problems is a help, not a hindrance.

Emmanuel Macron, you see, is the left-leaning French Establishment’s Manchurian Candidate – the French Obama.  The parallels will astound you.

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THE FRENCH ARE DETERMINED TO MAKE THEIR COUNTRY UNGOVERNABLE

“Let’s Be Ungovernable”
“Let’s Be Ungovernable”

The Le Pen challenge of 2017 is dead. Emmanuel Macron will have no trouble erecting a ‘cordon sanitaire’ to keep her Front National at bay in round two of the French elections on May 7.

The existential threat hanging over Europe’s monetary union has for now been lifted. Markets have instantly pocketed the reprieve. The spread between French 10-year bonds and German Bunds has dropped to ‘pre-populism’ levels of just over 40 basis points.

The celebration may be short-lived. “France is going to be very difficult to govern,” observes Eric Dor from the IESEG school of management in Lille.  You can’t put it more mildly than that.

“The National Assembly [French Parliament] may be badly Balkanized and nobody knows whether Macron will have a working majority. The fear is that France could lose another five years,” he says.  Just five years?  How about forever?

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WHY SHOULD WE SHUT UP AND GO AWAY?

what-left-has-becomeColumbia University, from which I have a degree, has set aside rooms where straight white males — like me — are told they are unwelcome. How should I respond to their annual fund drives, when I am told to shut up and go away?

The global warming establishment treats anyone as a heretic who asks basic questions, labeling them as a “climate change denier” as morally depraved as a Holocaust denier.  These immoral outsiders are told to shut up and go away.

As Trump tries to get a rational budget, the Congressional Budget Office (CBO) is likely once again to get it wrong, as it always has.  The mainstream media, of course, will treat any disagreement with the CBO numbers as heresy. Those of us who have the audacity to point out the CBO errors will be treated as partisans and told to shut up and go away.

But why should all of us shut up and go away?

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MAXINE HAS THE SOLUTION TO OBAMACARE

maxine-has-the-answersWhile discussing the rationing of health care under ObamaCare – that Trump can’t seem to get rid of –  with my sister-in-law the other day, I think we have found the solution.  

I am sure you have heard the ideas that if you're a senior you need to suck it up and give up the idea that you need any health care.  

A new hip?  Unheard of.  We simply can't afford to take care of you anymore.  You don't need any medications for your high blood pressure, diabetes, heart problems, etc. Let's take care of the young people.  After all, they will be ruling the world very soon.

So here is the solution.  

When you turn 70, you get a gun and 3 bullets.  

You are allowed to shoot one Senator and two Congressmen.  

Of course, you will be sent to prison where you will get 3 meals a day, a roof over your head and all the health care you need!  New teeth, great!  Need glasses, no problem!  New hip, knee, kidney, lung, heart?  

Well, bring it on.  

And who will be paying for all of this?  

The same government that just told you that you are too old for health care.  

With all the seniors gathered there, it will be just like a nursing home -- only free. 

And, since you are a prisoner, you don't have to pay any income tax.

How's that for a politically correct, pragmatic solution?? 

Happy hunting…

Maxine

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HALF-FULL REPORT 04/21/17

There’s a presidential prediction this morning we should hope comes true:

trump-tweet-042117No candidate was mentioned as everyone knows who he’s talking about – that Sunday (4/23), the French will swing big time for Marine Le Pen.

So ISIS has one of its agents, Karim Cheurfinom de guerre Yousef al-Belgiki, Joe the Belgian – gun down a policeman in cold blood with an AK right on the Champs Elysées 60 hours before the election. 

Looks like ISIS wants Marine Le Pen to win too.  Here’s why….

The New York Post is wrong when it opined yesterday (4/20) that If US Campuses Can’t Protect Free Speech They Need New Management.  What’s needed instead is….

We’ll see what the solution is to the fascist thugs infesting so many colleges, the good and the bad in Trump’s foreign policy, good domestic news, and a wonderfully inspirational Hero of the Week.  Here we go…..

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HOW DONALD TRUMP AND XI JINPING CAN EARN THE NOBEL PEACE PRIZE SOLVING NORTH KOREA

panmunjom-border
Ereyesterday on Monday (4/17), Vice-President Mike Pence was here at the Panmunjom border between North and South Korea.  But this is a view the Silver Fox never saw.  For it is from the North Korean side.   I took this picture in 2010.

Many of you know I have been all over North Korea three times (twice more in 2012).  The article to read, for lots of photos and the real history as contrasted with the mythic of the most insane country on earth, is Pelosi in Pyongyang (September 2010, which I had to write under a pseudonym as I was under surveillance in Beijing).

There’s no more insane border on earth than what you’re looking at above.  The border runs through the middle of these three blue negotiation huts in the center of what’s known as the Joint Security Area.  You cannot believe how tense the atmosphere here is. 

But let’s take a close look at something that’s hilarious.  We’re going to focus on those two Nork soldiers guarding the entrance to the main negotiation hut in the center – and on what’s next to them.

Then we’re going to analyze in detail the actual threat of North Korea, and how to end it.

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PUTIN IS FINDING OUT WHAT MAGA MEANS

trump-putinYou may have noticed that Vladimir Putin is distinctly annoyed with us, and he is right to be.

For we have deprived him of his great dream to join, and perhaps even lead, the ranks of the world’s most important leaders. Today, following the attack on the Syrian air base, Putin is just one more dictator.

During the Obama years, the Russian tyrant had grown accustomed to getting his way most everywhere. Invade Crimea? Fine. Grab slices of eastern Ukraine? No problem. Open military bases in Syria and Libya? You bet. We wouldn’t challenge him.

That has all changed with Trump.  For when America moves decisively, the whole world changes.  Thus, all those pundits who belittled the Tomahawk attack on Syria or the MOABing of ISIS have missed a very important point.

Over the past eight years, Russia’s effective power in the world had grown far beyond its real power. That has now changed, and you can expect our actual and would-be allies, and our global enemies, to change their recent tunes.

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THE SCREAMS OF LITTLE GIRLS IN LITTLE PALESTINE

A Face of Evil - Jumana Fakhruddin Nagarwala
A Face of Evil - Jumana Fakhruddin Nagarwala

Livonia, Michigan is known as Little Palestine. The Detroit suburb is famous for its anti-Israel meetings. You could go hear Mustafa Barghouthi, Omar Barghouti and Ali Abunimah without taking a long drive.

It’s also known for its shady doctors.

Dr. Murtaza Hussain was busted for letting unlicensed employees diagnose patients and write prescriptions. Dr. Waseem Alam and Dr. Hatem Ataya pleaded guilty in the nation’s largest Medicare fraud case totaling $712 million in false billings centering on Shahid Tahir, Muhammad Tariq and Manavar Javed’s Livonia medical firms.

But what was going on at one Livonia clinic was far worse than the theft of millions. Anyone passing by at the right time could hear the screams of little girls.

We think of horrors like Female Genital Mutilation as a terrible thing that happens over “there.”  Now, as American towns and cities are reshaped by Moslem migration, “there” is now right here. The terrible practice has come to America.

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ONLY GULLIBLE FOOLS BELIEVE THAT THE GREAT BARRIER REEF IS DYING

great-barrier-reefThe Great Barrier Reef is dead. It has ceased to be, expired and gone to meet its maker, kicked the bucket, shuffled off its mortal coil, run down the curtain and gone to join the bleedin’ choir invisible. It is an Ex Great Barrier Reef.

Well, at least it is if you believe the left-wing media such as the Guardian or the New York Times, which claims that the reef is at “terminal stage” because of damage allegedly caused by “climate change.”

Lots of eco loons have been rending their garments and throwing their (recyclable, organic, gluten-free) toys out of the pram in horror at this hideous disaster.

But it’s OK.  The Great Barrier Reef isn’t in the remotest danger.  Here’s why.

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