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Don’t Ruin A Chance for Tax Reform with “Border Adjustments”

Don’t Ruin A Chance for Tax Reform with “Border Adjustments”

As part of an otherwise very good tax reform plan, House Republicans have proposed to modify the corporate income tax so that it becomes a “destination-based cash-flow tax.”

For those not familiar with wonky inside-the-beltway tax terminology, there are three main things to understand about this proposal.

  • First, the tax rate on business would drop from 35 percent to 20 percent. This is unambiguously positive.
  • Second, it would replace depreciation with expensing, which is a very desirable change that would eliminate a very counter-productive tax on new investment outlays. This is basically what makes the plan a “cash-flow” tax.
  • Third, any income generated by exports would be exempt from tax but the 20-percent tax would be imposed on all imports. These “border-adjustable” provisions are what makes the plan a “destination-based” tax.

I’m a big fan of the first two provisions, but I’m very hostile to the third item.

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Off duty officer vs. Mike Strickland’s escalation of force: Something is wrong here…

 

“The confrontation began over ongoing issues with juveniles walking across the officer’s property,” Anaheim police said in statement Wednesday.

This is most interesting.

You can watch the OODA Loops spin out of control as communications break down and either the wrong tactic is used or no tactic is selected at all due to the Sympathetic Nervous System or “SNS” reaction.

As the SNS response continued to rise all parties were beginning to think with their survival brain, hence the continued decline in communications which lead to anti-social behavior.

While one could write an article on the video tearing apart the officer’s tactics, or lack thereof (a training issue, not the officer’s fault). I won’t.

And while one could write an article critiquing and condemning the society and education system that fostered such blatant disregard for individual and property rights, I won’t do that either.

I will, however, state that had both sides had a modicum of respect for each other, other’s property rights, abided by the NAP, and had just a little bit of training, all these unpleasantries could have been avoided.

Unfortunately, we aren’t there yet, fortunately, were closer than most think (thanks technology!).

In the end, I hope the officer doesn’t face the same unjust consequences that as Mike Strickland is now facing for making the same sensible decisions to protect his life.

After all, two wrongs don’t make a right. And while a badge shouldn’t grant extra rights, it shouldn’t mean you have any fewer rights either.

Source: nypost.com

Repealing Obamacare Is Not Enough

American health care is not very effective in curing diseases. The National Center for Health Statistics projects over 1.6 million new cancer cases and almost 600,000 cancer deaths for 2016. Among those who suffer heart attacks, fewer than 50% are alive five years later.

Republicans do not want to repeal the regulations that make healthcare expensive and ineffective.

Medical treatment is so expensive that people need insurance to survive financial catastrophe in case they become ill or get hurt. Even middle class folks who need extensive medical care cannot begin to pay the costs. Those facts supported demand for Obamacare, the halfway point on the road to socialized medicine.

Republicans argue that American medicine was the finest in the world, with only minor problems, until it was ruined by Obamacare. But American medicine has been plagued with extraordinarily high costs and ineffective treatments for many years.

According to Forbes.com, in the Commonwealth Fund’s 2014 healthcare survey of the eleven wealthiest countries, the USA came in last.

Republicans campaigned to repeal Obamacare. But they waffle about its replacement, because they sense they have no answers to the problems that predated the disastrous Affordable Care Act. Republicans want medicine to be inexpensive and effective, but they do not want to repeal the morass of regulations that make it expensive and ineffective.

A Brief History of Medical Regulations

After the Civil War, there were virtually no regulations of medicine in the United States. People would choose their doctor and treatment, and doctors would thrive or languish according to the exigencies of the market. Profit-seeking medical schools flourished and graduated many practitioners.

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CCW Holder Wrongly Convicted in 5 Minutes, for Defending His Life from BLM Thugs

Those actions right there… yeah, potentially just saved lives.

Wait… where were the police to protect him?

If the same menacing crowd/individual were advancing on a police officer, what would the officer be allowed to do to protect himself?

What should any person be allowed to do in such a situation? Should they be allowed to fight or should they become a victim?

Laws that disarm people make victims out of people they disarm.

As the mob continued to surround and outflank him, they chanted “get him” and other nasty garbage. Mike did what any expert would teach any student to do; he retreated as best he could before being surrounded and overwhelmed by the ever growing mob. Realizing he was now nearly surrounded and in fear for his life, Mike drew his lawfully concealed firearm and used it to keep the crowd at bay. He never fired a shot, and in fact, his finger never touched the trigger.

Also, chose your words well, it matters…

Mike is an independent journalist/videographer who was covering a progressive anarchist “demonstration” in Portland, Oregon when he became surrounded by a mob of radical, anarchists.

Mike wasn’t being attacked by anarchists, radical or otherwise. How do I know?

Because attacking another person/property is very anti-anarchist, it’s downright collectivist, way on the other side of the spectrum of anarchy).

Apparently, Mike was being attacked by another front group of collectivists poorly disguising themselves as anarchists.

Source: ammoland.com

After Orlando shooting, Florida Republicans want to eliminate gun-free zones

A rose by any other name…

Seems rather desperate when one is forced to use the same regurgitated, unpopular, and failed arguments one has used in years gone by.

I do recall the same reactionary types calling Florida the “Gunshine State” because its citizens had the gall to support giving themselves more control over their own security.

This repeated itself time and time again, as it will continue to and should.

You can’t defeat a distributed threat by centralizing the response… most people sense this intuitively, hence the resistance to centralize.

“In the aftermath of the deadly Orlando nightclub and Fort Lauderdale airport shootings, two Republican lawmakers in Florida are pushing to eradicate the Sunshine State’s “gun-free zones” in a move that would put more guns in public areas. Sen. Dennis Baxley, of Ocala, and Rep. Don Hahnfeldt, of The Villages, want to allow people with concealed weapon permits to carry a deadly firearm nearly anywhere, including local bars, voting booths, courthouses, public schools, colleges and university campuses, airport passenger terminals and maybe even a Miami Dolphins game.”

 

Source: rawstory.com

Russia Calls For New World Order

Talk about being out of touch with reality… trying to centralize in a decentralizing world.

Lolz…

Russia wants global leaders to embrace a new world order where the U.S. and other western nations are not calling the shots, but rather sovereign nations will follow international law based on its national interests. Russian Foreign Minister Sergey Lavrov said Moscow was seeking closer with Washington while also refusing to cower to the NATO militant alliance led by the U.S.

Source: yahoo.com/news

Ex-SEAL: Battlefield medical techniques needed for civilian shootings

Remember, you are the “first responder,” by the time the police and emergency medical services arrive, it can be too late for someone who is bleeding.

Learning the basics needed to save lives during the “golden hour” isn’t rocket science.If a private can be trained in the proper application of pressure dressings and tourniquets, you can bet you can learn these simple skills yourself.

If a private can be trained in the proper application of pressure dressings and tourniquets (and they are), you too can learn these simple life-saving skills yourself.

Butler is part of the national campaign and its work to train first responders and civilians about what to do in the moments after a mass-casualty attack… “You have to think of an active shooting as a military action. The casualties are essentially combat casualties,” Butler said… More difficult is getting the message out to untrained civilians who could be in a position to stop bleeding during an attack. Butler hopes tourniquet use will eventually become a basic part of first-aid teaching like CPR and the Heimlich maneuver.

Source: pnj.com

Obamacare Repeal Stalls as Americans Suffer

Obamacare Repeal Stalls as Americans Suffer

When President Donald Trump took office, repeal of Obamacare seemed like a guarantee—and then the timeline started slipping.

The slipping of the Obamacare repeal timeline is creating cascading problems for the American people.

All the elements are in place: A Republican-controlled Congress and a Republican president, all elected after promising to repeal Obamacare. But once the celebration and ceremonies died away, Congress started to do what it does best. Nothing.

“Nothing” may be a bit strong given the historic levels of obstruction from Democrats in the Senate, but House Republicans have no such excuse. In fact, they even have a blueprint.

Last year, the House and Senate passed an Obamacare repeal using the budget reconciliation process. That measure was ultimately vetoed by then-President Barack Obama, but that same legislation can be reintroduced and sent to Trump desk to be signed into law.

There is no reason to delay. The slipping of the Obamacare repeal timeline is creating cascading problems for the American people.

Delaying Repeal Prolongs the Current Health Care Crisis

No one needs reminding that Obamacare takes away choice, erodes the value of health care and puts additional burden on the pockets of the American taxpayer. The unsustainable nature of Obamacare is creating massive uncertainty and causing insurers to leave the marketplace, causing individual premiums to increase.

Obamacare is bad, and only getting worse.

Additionally, once repeal is signed into law and real health care reforms begin moving forward, private insurers will need time to adjust to the new market. Continuing to delay repeal shortens the time insurers will be able to adjust and provide the best solution for the insured.

Most importantly, we don’t want Americans living under the current failing health care system any longer.

Obamacare is bad, and only getting worse. Average premiums are going up by 25 percent this year, deductibles are blowing past $10,000 for a family, and 70 percent of U.S. counties have no insurer choice, or a choice between only two insurers.

What good is a health care plan that you can’t choose and can’t afford to use? Congress must repeal it as soon as possible to put better health care choices back in the hands of the American people.

Delaying Repeal Hurts Public Support for Congress

Nearly every single congressional Republican campaigned on the promise to repeal Obamacare. The unfortunate consequence of the delay is that the American people are losing faith in the people whose job it is to represent them.

Recent Heritage Foundation research shows 72 percent of Americans will take the promises of Congress less seriously if they wait to fulfill their promise to repeal Obamacare. And 70 percent of Americans believe the longer Congress waits to fulfill their promises to repeal Obamacare, the less likely they will be successful.

There is no doubt that lawmakers will be held accountable to their promises.

Reprinted from The Daily Signal.

Sondra Clark


Sondra Clark

Sondra Clark is the digital director of Heritage Action for America.

This article was originally published on FEE.org. Read the original article.

The Blockchain and Us: Interview with Caitlin Long, Symbiont – YouTube

This type of technology will revolutionalize the way the world works, and what money is.

The more competition, the better, the more secure your funds will be. The market (now able to react at the speed of light) will find the value as long as no one owns a monopoly on what people want to use.

Daniel J. Mitchell Explains Why Greece is Financially Imploding

The Greeks Drown in Taxes While Their Government Spends

I’ve put forth lots of arguments against tax increases, mostly focusing on why higher tax rates will depress growth and encourage more government spending.

Today, let’s look at a practical, real-world example.

I wrote a column for The Hill looking at why Greece is a fiscal and economic train wreck. I have lots of interesting background and history in the article, including the fact that Greece got into the mess by overspending and also explaining that politicians like Merkel only got involved because they wanted to bail out their domestic banks that foolishly lent lots of money to the Greek government.

But the most newsworthy part of my column was to expose the fact that “austerity” hasn’t worked in Greece because the private sector has been suffocated by giant tax hikes.

…the troika…imposed the wrong kind of fiscal reforms. …what mostly happened is that Greek politicians dramatically increased the nation’s already punitive tax burden. The Organization for Economic Cooperation and Development’s fiscal database tells a very ugly story. …on the eve of the crisis, the tax burden in Greece totaled 38.9 percent of GDP. This year, taxes are projected to reach 52.0 percent of economic output. Every major tax in Greece has been dramatically increased, including personal income taxes, corporate income taxes, value-added taxes, and property taxes. It’s been a taxpalooza… What’s happened on the spending side of the fiscal ledger? Have there been “savage” and “draconian” budget cuts? …there have been some cuts, but the burden of government spending is still a heavy weight on the Greek economy. Outlays totaled 54.1 percent of GDP in 2009 and now government is consuming 52.2 percent of economic output.

For what it’s worth, the spending numbers would look better if the economy was stronger. In other words, Greece’s performance wouldn’t be so dismal if GDP was growing rather than shrinking.

And that’s why tax increases are so misguided. They give politicians an excuse to avoid much-needed spending cuts while also hindering growth, investment and job creation.

Let’s close by reviewing Greece’s performance according to Economic Freedom of the World. The overall score for Greece has dropped slightly since 2009, but the real story is that the nation’s fiscal score has dramatically worsened, falling from 5.61 to 4.66 on a 0-10 scale. In other words, during a period of time in which Greece was supposed to sober up and become more fiscally responsible, the politicians engaged in an orgy of tax hikes and Greece went from a failing grade for fiscal policy to a miserably failing grade.

Here’s a the relevant graph from the EFW website. As you can see, the score has been dropping for a decade, not just since 2009.

This is a remarkable result. Greek politicians should have been pushing the nation’s fiscal score to at least 7 out of 10, if not 8 out of 10. Instead, the score has gone in the wrong direction because of tax increases.

Though I don’t expect Hillary and Bernie to learn the right lesson.

For more information, here’s my five-picture explanation of the Greek mess. Also, how can you expect good policy from a nation that subsidizes pedophiles and requires stool samples to set up online companies?

Some Greece-Related Humor

Let’s close by recycling my collection of Greek-related humor.

This cartoon is quite good, but this one is my favorite. And the final cartoon in this post also has a Greek theme.

We also have a couple of videos. The first one features a video about…well, I’m not sure, but we’ll call it a European romantic comedy and the second one features a Greek comic pontificating about Germany.

Last but not least, here are some very un-PC maps of how various peoples – including the Greeks – view different European nations.

Republished from International Liberty.

Daniel J. Mitchell


Daniel J. Mitchell

Daniel J. Mitchell is a senior fellow at the Cato Institute who specializes in fiscal policy, particularly tax reform, international tax competition, and the economic burden of government spending. He also serves on the editorial board of the Cayman Financial Review.

This article was originally published on FEE.org. Read the original article.

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