So cool: 100-year-old footage of famous artists.
You’ll never believe it but Trump’s tax plan is – wait for it – idiotic. If we’re going to have an income tax (and we shouldn’t) everyone with an income should have to pay it. Especially the people who keep voting for a welfare state. You want a welfare state? You fucking pay for it. I couldn’t agree more with this Ace post. Here’s an excerpt but go read the whole thing:
I believe it was after Reagan that Republican theorists began justifying his model of tax-cuts-now-spending-cuts-later as the “starve the beast” theory of limiting government — if we cut taxes, therefore cutting government’s resources, we should, logically, force the government to adapt itself to living with fewer taxpayer dollars. Ergo, spending should be forced down by the practicalities of the situation — either you start cutting spending, or else you start running up dangerous, Greece-level of debts. The problem is that this country has always elected the “or else” part of this syllogism: We are racking up dangerous, Greece-levels of debts, and we’re barely even talking about that any longer.
So I no longer believe in the “starve the beast” theory, because the “starve the beast” theory relies upon Americans understanding the mid-to-longer term trajectory of their spending choices, which they plainly do not. Since Americans are not capable of understanding the mid-to-longer term trajectory of their spending choices, it seems to me the only way to impose budget discipline and spending rollback is to offer Americans an immediate, as opposed to future, confrontation with reality: that is, if Americans wish to have so much government, they should be forced to pay for the level of government they are choosing, and not defer that payment (as they apparently will choose, every single time) into the future, to be imposed upon their children.
But, instead, they must be forced to reckon with the level of government they are choosing now by paying the full freight and cost of that government now. That is to say: I believe that rolling back spending is only possible when Americans are made to feel the costs of the government they’re choosing, and that will only happen when they’re forced to actually pay for it. If Americans want 21% of GDP to be wasted on government, then we should make them pay 21% of their GDP to pay for this clumsy, murderous goliath. And when they grow tired of paying 21% of GDP for this level of gold-plated, clay-footed government, perhaps they will see the sweet reason of reducing government expenditures down to, say, 19% of GDP, or, dare we dream, 18%.
I don’t see any other way, frankly. And removing ever-more people from the tax rolls altogether — making lower income people not even pay a small amount of tax — accelerates the growth of government, as we create a larger and larger class for whom Big Government has tangible inducements and no visible drawbacks.
Here’s a good Kevin Williamson piece along similar lines. I’ll excerpt a little bit but go read the whole thing, especially for the hedge fund explanation, which most people don’t get.
If you’ve ever met anybody who believes that we can balance the budget by cutting foreign aid, that the Social Security “trust fund” is a real thing rather than a figure of speech, or who is a Trump enthusiast, you know that certain Americans are not about to let their minds be troubled by facts. But here are the facts: One, Americans earning $100,000 or more pay basically all of the federal income taxes, about 80 percent. That is far in excess of their portion of national income (“national income” being another thing that does not exist but which we are obliged to talk about), and they are only about 15 percent of all taxpayers. Households earning $250,000 or more, a tiny group (2.4 percent of taxpayers) pay about half of all federal income taxes, which is, again, disproportionate to their income relative to the rest of the population.
You do have to stop pretending that you can give the American middle class a big income-tax cut when it hardly pays any income taxes, and stop pretending that you can get spending under control without touching the tiny handful of popular programs (Social Security, Medicare, Medicaid, national security) that constitute the vast majority of federal spending. You don’t have to reinvent the wheel; you just have to cut federal spending from 21.4 percent of GDP to 19.1 percent a couple of years from now, and maybe reform the tax code with an eye toward making revenue meet spending halfway. That isn’t going to make everybody happy, but it isn’t landing on Omaha Beach, either…Voters sometimes look around and wonder, “Who is going to be the adult in the room?” Fact is, it had better be you, citizen.
POTUS should probably invite this girl to the White House. Especially since she was doing an actual science experiment, not just taking the cover off a Radio Shack clock and putting it in a briefcase.
That is the heart of a case now before a federal court in New York, in a class action lawsuit brought by parents who say that they bought Welch’s Fruit Snacks because they thought it was a healthy option based on the company’s fruit- and nutrition-filled messaging both on the box and elsewhere.
Are you retarded?
A former spook on Hillary’s payroll was the top intel consultant for CBS News during its coverage of Benghazi. He’s dead now, so there’s a lot we’ll never know.
The 50 CENTCOM whistleblowers are just the tip of the iceberg for this administration.
Oh my god, there are no words. How disgraceful. New York City Council honors Soviet spy who gave Stalin the atom bomb.
Idiot Germans finally come to their senses now that it’s too late.
Farkas joins the long list of competent people who finally had enough of not being listened to and said “fuck this incompetent administration, I’m out.”