Social Commentary

Walking Eagle

I don’t know if this will be the last word on the subject, but Matt Labash certainly has the best take so far on Lord Minniehaha:

All this anarchism has made me thirsty, so I cross the street to get a Diet Coke, and take a coffee order from Churchill and Saito. All I can find, however, is a Starbucks. When I come back to the fair with two venti something-or-anothers, surly anarchists look like they want to kick my windows in, just like they did the Seattle Starbucks back at WTO ’99.

Churchill, to his credit, doesn’t subscribe to any meaningless “praxis of personal purity,” so he takes his coffee (black) with a shrug and lights a Pall Mall. I ask if he’s an anarchist, and though they have an affinity, he says no. He’s an Indigenist. Not quite sure what that entails, I ask him to explain. He’s a wordy bugger, and goes on for a good while about a “consciously synchronous level of population” and a “latitude of action that is governed in a self-regulating manner” and a “unity in the differentiation that’s consonant with natural order.” I figure this would all go down a lot easier if I’d first eaten peyote.

Media Criticism

Did I Miss It?

The sixtieth anniversary of Franklin Roosevelt’s death was last Tuesday. I’m surprised that the MSM didn’t make a big deal of it, considering that he was arguably the last (and perhaps only) great president that the Democrat Party has issued.

Political Commentary

The Rest Of The Story?

Ten years later, Fox News isn’t letting the Oklahoma City story die.

The government’s story continues to not hold water. For example, check out this strawman:

Editor’s Note: Watch the FOX News Channel on Sunday at 9 p.m. EDT for “The Oklahoma City Bombing: Unanswered Questions.” And check out FOXNews.com on Monday for a story showing how FBI agents are convinced they got the right men.

No one is claiming that they didn’t get “the right men.” The point isn’t about whether or not McVeigh and Nichols did it, though the defenders of the government action would have us believe that that’s the issue in contention. Everyone agrees that they did (as far as I know). The question is whether or not there were others involved, who remain free. And more seriously, if there were foreign governments involved that the Clinton administration would have found politically inconvenient to finger, particular since, if it restricted its investigation to “angry white guys” it could pin it on those evil right-wing Republicans.

As the article points out, the official story remains quite fishy, and there was a disturbing amount of evidence destroyed. And does this make any sense?

Oklahoma City attorney Michael Johnston said the FBI was not given all the tapes from as many as twenty-five cameras that he says were in and around the Murrah Building.

Political Commentary

An Alternative View of Alternative Minimum Tax

There is a strong case for flat taxes. They reduce compliance (and avoidance) costs. They create a very broad base for taxes that in turn distort the economy less and have a lower dead weight social loss. The Economist says that they may be practical and feasible.

The conventional wisdom from (NYT, April 10) is that alternative minimum taxes (AMT) are bad news. An alternative view is that they are a back door way to get a flat tax. The number of people who pay AMT is expected to grow to $200 billion projected in 2015. This growth is due to three factors: deductions get more generous, maximum marginal rates stay low due to the tax cut, and inflation and growth steadily increase income. While $200 billion less than 5% of the federal budget and less than 1% of the $20 trillion economy (in 2000 constant dollars) projected for 2015, it is still a significant portion of taxpayers paying a flat tax.

If US wants a flat tax, it should do nothing about AMT, it should increase deductions like crazy and reduce the marginal rate of the non-flat tax further. For those worried about the budget deficit, the AMT rate can be raised, or perhaps Medicare and Social Security rationalized.

Biting Commentary about Infinity…and Beyond!