Photo Gallery: East Germany’s Transformation – SPIEGEL ONLINE – International. For those who have any sort of sympathy with the anti-capitalist memes of the OWS gang, here’s a very revealing gallery published by Der Spiegel. It’s a great comparison of the old communist East Germany and today, a little over 20 years since the fall of the Berlin Wall. These pictures of transformation of the country after free markets returned tells the story. Geithner Says Europe Will SucceedHeadline in the Wall Street Journal When has this guy ever been right? Occupy Wall Street has made little sense to us from its inception — Wall Street is, in our opinion, not nearly as culpable in the current economic downturn as are Fannie, Freddie, Chris and Barney. But where banks have done wrong (and there are some good arguments here), we applaud the “vote with your feet” method of voicing consumer displeasure. This from the AP:
What we find ironic, however, is that the leftist/Marxists of the OWS protests are getting actual traction from a purely free-market solution, i.e., if you don’t like it, don’t support it. No company wants to lose customers. If your bank displeases you, pull your account. Dick Morris reports on how the Solyndra scandal goes pretty much to the top, but here’s what we think is the ultimate point: Governement subsidies in the “green jobs” are morally and economically indefensible. Here’s Dick:
via TOP OBAMA FUNDRAISER OK’ED SOLYNDRA LOAN at DickMorris.com. Tax Me More, Europe’s Wealthy Say – NYTimes.com. First it’s Warren Buffett, now this. For most of these folks (check the article), they have the option of paying more if they really want to, so why don’t they? Hitting the super-rich with more taxes plays well at cocktail parties and down at the union hall, but it has no real benefit in terms of easing government deficits long term. That’s because even if we flat-out confiscated all the money the glitterati have, it wouldn’t go that far. Real fiscal reform that’s long lasting is what’s needed, and it simply means the government stops spending and stops casting smaller increases as “cuts” in the budget. This article is, in our opinion, a semi-fabrication in service of a political agenda, and it’s a drumbeat the NY Times has been playing for a while now . It’s goofy on its face — if the super rich want to be taxed more, they can simply send the IRS more money. But they don’t. So how serious can this be? Writing for Big Government, Mike Flynn lays it out. Unions have been a positive force in many ways, but even pro-labor icons like FDR and George Meany knew they couldn’t work in the public sector. In essence, the public sector union, to borrow a phrase from Marx (which we almost NEVER do), carries with it the seeds of its own destruction. Because public sector unions negotiate with politicians, their entire structure becomes part of the political process. They support politicians with forced union dues, which ultimately come from contracts that negotiate how the taxpayers’ money is used. We have reached a point at which covering the bill run up by unions and their stable of politicians can only mean ever increasing, unsustainable tax burdens. Flynn’s concise money-quote:
There’s more here, so read up. This corrupt setup has to end, which is why unions like the SEIU are becoming more adamant that it doesn’t. The Washington Examiner comments that, according to the latest census, states with the fastest economic growth are also those with no income tax. The reason seems obvious: the income tax (both federal and state) directly penalizes economic success. The left consistently defends income taxes, and in particular “progressive” income taxes based on an odd reading of “fairness” and a need to continually fund money-sucking (read “corrupt”) social programs that almost never work as advertised. There are a lot of things the new GOP House needs to do, but I would add this to the checklist — educate the public about the basic dishonesty of the income tax, and about how what is billed as fairness is actually costing us jobs at all levels. | ||
Copyright © 2012 Elkhart Review - All Rights Reserved Log in || Performance Optimization WordPress Plugins by W3 EDGE | ||
Comments