How to End Deficit Spending in Five Minutes and Why It Won’t Happen
Warren Buffett, in a July 7, 2011 interview with Becky Quick of CNBC, offered the following as a way to cure Congress’ out-of-control spending habits: “I could end the deficit in 5 minutes. You just pass a law that says that anytime there is a deficit of more than 3%
Progressive Taxation and Wealth Distribution are Slavery
In Abraham Lincoln’s Second Inaugural Address, he said the following about slavery: “It may seem strange that any men should dare to ask a just God’s assistance in wringing their bread from the sweat of other men’s faces.” How is it morally justifiable to steal men and women, enslave them,
Obama Says Jesus Would Support Taxing the Rich
Don’t you just love it when Liberals turn to the Bible for support of their policies? How many times have you heard Liberals tell us that “Jesus never got mixed up in politics” or “We’re not supposed to Judge” or “You can’t impose your morality on other people” or “There’s
The Big Lie: Common Sense or Class Warfare?
The lies keep on coming. Someone once said that in “the big lie there is always a certain force of credibility; because the broad masses of a nation are always more easily corrupted in the deeper strata of their emotional nature than consciously or voluntarily; and thus in the primitive
Obama Hood and Obamanomics
Obamanomics has been described as Robin Hood economics, taking from the rich to give to the poor. Actually, Robin Hood took back from the king (and in some traditions of the story from corrupt clergymen) what had been taken from the people by the government. In terms of popular culture’s
Why Are So Many Conservatives Liberal?
I can’t understand why Americans talk conservative but vote liberal when it comes to government spending, until I read some of the nonsense that passes as thoughtful journalism in our nation’s newspapers. Michael Gartner of USA Today is critical of a capital gains tax cut because, you guessed it, the
Poverty is a Self-Inflicted Disease
A few years ago, in the business section of USA Today, a story appeared that described how businesses are returning to some inner cities to set up shop. The article is encouraging. Real estate is plentiful and prices are low. Many who work downtown also live there. That’s the good
Robin Hood Took From Government Not Capitalists
The Occupiers are calling for a Robin Hood Tax “on high-finance transactions and currency trades by banks and institutions.” Those proposing the tax — Bill Gates is one of them — want the collected fees to help the poor. Even the Vatican has gotten behind the new scheme. The church
Remembering the Good Old Days
Humorist P. J. O’Rourke says, “When you think of the good old days, think ‘dentistry.’” Gary North writes, “The greatest invention of the modern world is anesthetics. Prior to 1844, in preparation for an operation, you drank booze until you passed out — hopefully. Then the physician—‘sawbones,’ he was called—got
There’s a Point When Taxation is Stealing
I received the following email in reference to a statement that I made on my radio show that “taxation is stealing.” “I was discussing taxes with a person on FaceBook on the issue of the election and he brought up the argument that the government should be allowed to step
Why We Need Rich People
The rich often get a bum rap. Liberals are incensed when it is suggested that “the rich” get any type of tax reduction even though the top 50% of wage earners pay 96% of all income taxes. Since they spend more money, the rich also pay a disproportionate amount in
Taxation is Theft
What is the first principle of economics? Some economists will claim that it’s supply and demand, while others insist that it’s scarcity or the division of labor. The first principle of economics is “thou shalt not steal.” The word economics is derived from two Greek words: oikos, meaning “house,” and