Apparently, the maximum revenue from income taxation is 19% of GDP, regardless of tax rate. The implication is that a) this should be the maximum size of government spending as well and b) that we should have rates in place that maximize economic growth. But that doesn’t satisfy the class-envy warfare mentality of the left, including the president.
Category Archives: Political Commentary
Two Legs Good
Shut up, they explained. The EU Parliament shows its true Supreme Soviet colors. I hope that this is the beginning of the end of this undemocratic institution.
[Update a few minutes later]
The EU’s future lies, ominously, with Spain.
[Update mid morning]
Erin go bust: the Euro did it. Thoughts from Daniel Hannan on why Ireland has to leave the currency.
“Who The Hell Do You Think You Are?”
Talking truth to tyrannical fecklessness among the Eurocrats. It sure looks like the beginning of the end for the European project. Good riddance.
[Update a few minutes later]
The European Parliament is not about freedom.
More South Koreans Will Die
The Set-Aside Boondoggle
How much longer can we afford this nonsense?
A One-Term President
Obama’s poll numbers aren’t looking very good. This was interesting:
Just one group has stuck with Obama through it all. In ’08, he won 58 percent of people with graduate degrees. Now, he’s at 59 percent. It appears that academic types will be with Obama always, but they’re not enough.
They, of course, will claim that this is evidence of how uneducated and stupid the populace is, to no longer recognize the brilliance of The One. I see it as evidence of the worthlessness of most graduate degrees, and much of academia. Let’s pop that bubble, so they can experience the economic disaster that the rest of us have, as a result of their collectivist policies.
It’s Black Friday
At Amazon
Shut Up And Bend Over
So sayeth newspaper editorial boards to America. I particularly like the advice that we should be protesting against the airlines add-on fees.
A Little Thanksgiving Cheer
…from Iowahawk. Though this seems more like a Middle-West negotiating breakthrough than a Middle-East one.
The Pilgrims
…and property rights. How our ancestors became prosperous.
Plus, three centuries of Thansgiving.
And here’s the recipe for my Thanksgiving dressing (probably too late for you to procure ingredients, though, sorry), which I’ll be making today. While watching the Lions embarrass themselves. Again.
[Friday morning update]
The lost lesson of Thanksgiving, from John Stossel.