Category Archives: Media Criticism

Business, Economics, Mathematics, Media Criticism, Political Commentary

Corporate Taxes

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I’ve been saying this for years as well:

corporations don’t pay taxes — they collect them. Any taxes are actually paid by customers (higher prices), employees (lower wages), shareholders (smaller returns), etc. The ideal corporate tax rate is therefore zero, but politically that would never fly. Instead we have a tangled mess of corporate tax law, which benefits large corporations with their armies of lawyers and lobbyists. Small corporations which can’t afford all that are put at a competitive disadvantage, not to mention sole proprietorships which pay through the nose on everything.

But since we can’t get an ideal corporate tax rate, a flat and transparent corporate tax would be the next best thing. Our current system is the worst of all possible worlds: It diverts resources and manpower away from investment and innovation, and stifles entrepreneurs to the benefit of established interests.

On the other hand, our system creates endless possibilities for corruption and graft. So it has that going for it. Which is nice for Washington.

One other point: People are saying that most of the benefits of the tax bill go to the upper percentage. Ignoring the fact that you can’t cut taxes without cutting them on the people who pay the most taxes, cutting corporate taxes in fact effectively reduces indirect tax costs for all the people above, who are in all income brackets (particularly the employees and customers). As I wrote years ago, we can’t cut taxes, we can only cut (or increase) tax rates.

Business, Economics, Mathematics, Media Criticism, Political Commentary, Science And Society, Technology and Society

About That Federal Climate Report

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It’s “the usual mix of half truths, exaggerations, omissions and outright lies.”

In other words, what we’ve come to expect from government climate reports.

[Tuesday-morning update]

Oops, Naomi Oreske caught with biased numbers on “Exxon knew.”

Gee, it’s almost as thought they have a political agenda.

Business, Media Criticism, Political Commentary, Technology and Society, War Commentary

The Middle East

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Things are heating up there, and I don’t think it’s being covered much, particularly given all the coverage of the Texas shooting. First, the Huthis fired a Scud missile at Saudi Arabia from Yemen, which the Saudis shot down, and are blaming on their puppetmasters in Iran, declaring that it may be an act of war.

Meanwhile, the Lebanese Prime Minister has resigned. In Riyadh. Because he fears for his life and that Iran is now effectively in control there. And there’s a huge shakeup going on in the House of Saud. The ancient rivalry between the Arabs and the Persians may be reaching a boiling point.

All this as Israel has been engaging in the biggest war games in almost two decades.

But nothing to worry about. No more peaceful, stable region in the world, historically, than the Middle East.

[Update a few minutes later]

And the deputy governor of Asir province was killed in a helicopter crash. Could be a coincidence, but there’s a lot going on over there.

Media Criticism, Political Commentary, Space, Technology and Society

Yesterday’s Idiotic Hearing On The Hill

Marcia Smith has a good write up of the nomination hearing for Bridenstine, which has very little to do with aeronautics or space. I would also note, as always, that SPLC is not a judge of hate groups; it’s itself a hate group that should not be relied on for anything. And Senator Bill “Ballast” Nelson is an idiot, if he thinks that Jim Beggs would have prevented the Challenger from launching.

[Friday-morning update]

Bob Zimmerman isn’t impressed.

Law, Media Criticism, Political Commentary, Social Commentary, Technology and Society, War Commentary

Jihad

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…on the bike path:

But they are changing us. I’ve written before about what I’ve called the Bollardization of the Western World: the open, public areas of free cities are being fenced in by bollards, as, for example, German downtowns were after the Berlin Christmas attack, and London Bridge and Westminster Bridge were after two recent outbreaks of vehicular jihad. This is a huge windfall for bollard manufacturers – Big Bollard – and doubtless it’s a huge boost for the economy, if your town’s nimble enough to approve the new bollard plant on the edge of town, or if your broker is savvy enough to divest your tech stocks and go big on the bollard sector. As I write, Geraldo is on Fox demanding to know why this bike path wasn’t blocked off with concrete barriers.

Why? Why does every public place have to get uglified up just because Geraldo doesn’t want to address the insanity of western immigration policies that day by day advance the interests of an ideology explicitly hostile to our civilization? Instead Geraldo wants to tighten up vehicle rental. Why? Why should you have to lose an extra 15 minutes at an already sclerotic check-in counter because Hertz and Avis and UHaul have to run your name through the No-Rent list? Why should open, free societies become closed, monitored, ugly, cramped and cowering?

And Bollardization doesn’t even solve the problem, does it? Last week I was tootling through Williston, Vermont, which has just reconfigured its highway system to run green-painted bike paths down the center of the streets. And the thought occurred to me that, once you’ve bollarded off every sidewalk, what’s to stop jihadists mowing down cyclists? After all, if the eco-crowd are installing them in the middle of the roadway, they’re kind of hard to bollard off. And then a second thought occurred: As inviting a target as bike paths are in enviro-poseur communities, they’re even more inviting in genuine bicycling cultures such as the Netherlands or Scandinavia.

And now eight people are dead and dozens more injured – at the hands of a guy who came here in 2010 because he won a Green Card in the so-called “diversity lottery”. Why was that stupid program not suspended on September 12th 2001?

So Uber and truck-rental places are expected to do background checks on people to whom we give “diversity visas.” Wonderful.

Business, Economics, Media Criticism, Political Commentary, Space, Technology and Society, War Commentary

Idiot Conservatives

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Eric Berger has the story on how, in attacking SpaceX, they’re ripping off the taxpayer and actively damaging national security.

[Update a while later]

Meanwhile, the target launch date for Falcon Heavy is now late December.