Category Archives: MUST READ

Thomas Sowell: The Invincible Lie: Part II or Higher Tax Rates Equal LESS Tax Revenue

From: Thomas Sowell: The Invincible Lie: Part II.

As far back as the 1920s, a huge cut in the highest income tax rate — from 73 percent to 24 percent — led to a huge increase in the amount of tax revenue collected by the federal government. Why? Because investors took their money out of tax shelters, where they were earning very modest rates of return, and put their money into the productive economy, where they could earn higher rates of return, now that those returns were not so heavily taxed.

This was the very reason why tax rates were cut in the first place — to get more revenue for the federal government. The same was true, decades later, during the John F. Kennedy administration. Similar reasons led to tax rate cuts during the Ronald Reagan administration and the George W. Bush administration.

All of these presidents — Democrat and Republican alike — made the same argument for tax rate reductions that had been made in the 1920s, and the results were similar as well. Yet the invincible lie continues to this day that those who oppose high tax rates on high incomes are doing so because they want to reduce the taxes paid by high income earners, in hopes that their increased prosperity will “trickle down” to others.

Must Read: Sequester Already Hurting Defense Industrial Base

a href=”http://www.weeklystandard.com/blogs/sequester-already-hurting-defense-industrial-base_648519.html”>;Sequester Already Hurting Defense Industrial Base

As if this isn’t enough, the Obama Admin is closing down Border Patrol locations in major cities on routes into the interior of the country. Not surprisingly, the majority of these are in Texas and also include AZ.

Read the entire original document here.

American Thinker: Why Liberals Are Selfish

So in the course of a person supporting his own life, as capitalist economies allow the overwhelming majority of humanity to do, it is wrong for another legally and morally co-equal human being to extract life and labor from him. Coercive redistribution is a violation of the voluntary nature of the free economy; whether to work or to starve is a choice all people are capable of making. Reality is not coercive; it is instructive.

Read the entire article, Why Liberals Are Selfish.

Obama administration diverts $500M to IRS to implement healthcare reform law – The Hill’s Healthwatch

Just what we needed!

Obama administration diverts $500M to IRS to implement healthcare reform law – The Hill’s Healthwatch.

MUST READ: Subverting America’s Legal System | FrontPage Magazine

H/T: Lucianne

Subverting America’s Legal System | FrontPage Magazine.

MUST READ: Cheer-up, America! The Case for American Optimism

Cheer-up, America! The Case for American Optimism.

We don’t want to get overconfident, but here’s a great read for anyone with a case of 2012 dismals.

Thomas Sowell: Stop Whining

Thomas Sowell: Stop Whining.

Thomas Sowell addresses several arguments that have been on my mind. Progressive policies like minimum wage and welfare that have destroyed families, institutionalizing poverty and hopelessness among the minorities and socio-economic groups they pretend to care about.

Mr. Thomas also voices the fact that Reagan’s economic policies were so pro-business that the economy grew, “rich” Americans were able to expand their businesses, hiring more so many employees that the economic gap between races and sociology-economic groups narrowed.

Talk about inconvenient truths that our Marxist-socialist media refuse to report: the true consequences of artificially dictating minimum wages; the results of not allowing doctors and pharmaceutical companies to charge fees that allow them to offer their patients/customers quality care, drugs, testing, and services. We already see Yahoo, the AP, and other progressive mouthpieces all decrying unnecessary testing without discriminating between unnecessary CYA testing and life saving cancer screening that SAVES lives.

Drug shortages are here. Our president and his union minions are supporting these faux AstroTurf sit-ins (with their expensive signs, T-shirts, and PAID protesters, most likely in order to promote unrest so that they can declare martial law.

Times are dangerous indeed. It is time to stand up and be counted or it will be too late. Parents, if you want your children to enjoy the freedom of their heritage, it is time to join us now: join a TEA Party, 9-12 group, or other Constitution-loving conservative group today.

Must Read: How to Create Shortages in an Abundant World

How to Create shortages in an Abundant World

This is not just coming–it is here. I already experienced it when my generic blood pressure medicine was suddenly not available anywhere for months. Looked into it and discovered that Americans are in danger of death, if not already dead, as hospitals run out of the needed cancer drugs in the middle of the treatment.

Between the AstroTurf riots and drug shortages occurring now, before ObamaCare is fully implemented, I am very concerned. Will we survive as a free nation until the elections of 2012?

Thomas Sowell on History & Consequences of Income Envy Tax Policy

Thomas Sowell: Read Back to the Future: Part III

In other words, the genuinely rich are likely to be the least harmed by high
tax rates in the top brackets. People who are looking for jobs are likely to be
the most harmed, because they cannot equally easily transfer themselves overseas
to take the jobs that are being created there by American investments that are
fleeing from high tax rates at home.

Small businesses — hardware stores, gas stations or restaurants for example —
are likewise unable to transfer themselves overseas. So they are far more likely
to be unable to escape the higher tax rates that are supposedly being imposed on
“millionaires and billionaires,” as President Obama puts it. Moreover, small
businesses are what create most of the new jobs.

Walter Williams reveals Truth of Minimum Wage Laws in _Race and Economics_

Walter WilliamsRace and Economics by Walter Williams, 8/31/11: The Compassionate public  policy known as the minimum wage was first introduced to end competition of higher paid white workers with lower paid black construction workers (Bacon-Davis Act), eventually destroying the black family. Economist Walter Williams lays it all out for us in this article. –rhl

Overall U.S. unemployment is 9.1 percent. For white adults, it’s 8 percent, and for white teens, 23 percent. Black adult unemployment stands at 17 percent, and for black teens, it’s 40 percent, more than 50 percent in some cities, for example, Washington.

~ SNIP ~ (I)n 1910, 71 percent of black males older than 9 were employed, compared with 51 percent for whites. As early as 1890, the duration of unemployment among blacks was shorter than it was among whites, whereas today unemployment is both higher and longer-lasting among blacks than among whites.

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