Category Archives: Economy

Trump’s Private Property Plunder Plan

The government has several ways to pay for its obligations, one of which is to seize private property in the form of taxes. Taxes are private property plundered. A tax cut for those who pay taxes is tantamount to a return of stolen goods.

With a tax cut, the plundering class simply agrees to pilfer less. The notion that you must “pay for tax cuts” is like a burglar promising to return the television he stole as soon as he is in a better financial position.

I get a headache from just reading Donald Trump’s plunder plan. Rand Paul’s taxation policy is the best in a bad bunch. Rand “has proposed a 14.5 percent flat-tax rate for all types of income.” Equality under the law? What a concept? A flat tax limits state theft. The idea would send the socialist pope in search of sackcloth and ashes.

Trump, on the other hand, has let the low-income cohort off the hook. “Individuals that make less than $25,000 (and $50,000 for married couples) would pay no income taxes under Trump’s plan.”(CNN)

BAD. All citizens should have a dog in this fight. Better to let the so-called poor set the flat-tax rate for all of us. It would be lower than Paul’s 14.5 percent.

Trump’s plan is progressive: the more private property you accrue, the greater the percentage of which you forfeit.

HORRIBLE.

Unspecified, too, at least in this WSJ article, is the burden Trump plans to place on those earning between $100,000 and $300,000.

Donald Trump Speaks Our Language

Bush, Conservatism, Economy, English, Intelligence, Israel, Left-Liberalism And Progressivisim, Political Correctness, Republicans

“Donald Trump Speaks Our Language” is the current column, now on The Unz Review, America’s smartest webzine. An excerpt:

WHEN IN THE US, SPEAK ENGLISH. Donald Trump’s retort to Jeb Bush’s rattling off in Spanish on the campaign trail conjures an old joke told in Israel of my youth. It was aimed at the ultra-orthodox Jew who dresses weirdly and won’t speak Hebrew. Here goes:

Walking down the street is a Sabra (a Jew born in Israel), clad in the pioneer’s outfit of shorts and a Tembel Hat. (“Tembel” is Hebrew for silly. The image below illustrates how not even a beautiful Israeli girl can dignify a hat so useless as to provide no protection from the merciless sun.)

From across the street, in Yiddish—the language of the diaspora—an ultra-orthodox Jew clad in black garb shouts obscenities at the Sabra. The minuscule ultra-orthodox community believes that speaking Hebrew before Messiah arrives is heretic and will delay the coming of Messiah (also known as the longest coming in history). For Messiah to materialize, the Jew must remain weak, dispossessed and persecuted—a sickly spirit without a corporeal country to call his own.

The Israeli shouts back, “Speak Hebrew, goy!” Goy meaning non-Jew.

Trump took a jab at Jeb for using Spanish to dismiss the mogul’s conservative credentials. Via CNN:

“‘I like Jeb,’ Trump told Breitbart News. ‘He’s a nice man. But he should really set the example by speaking English while in the United States.'”

The Trumpian reference was to the former Florida governor’s comments to reporters … about Trump’s policies. “‘El hombre no es conservador,’ Bush said, which translates to, ‘This man is not a conservative.'”

Not only was Trump’s visceral retort in defense of English righteous; it was also culturally conservative in the best of ways. …

… Read the rest. “Donald Trump Speaks Our Language” is now on The Unz Review.

Scott Walker: Equal Opportunity Fencer

Canada, Economy, IMMIGRATION, Intelligence, Labor, Republicans

Republican presidential hopeful Scott Walker is an equal opportunity fencer. Reflexive, laboring to show he does not discriminate against Mexico, Walker showed himself to be a bit of a bumpkin. As follows:

Republican presidential hopeful Scott Walker has called building a wall along the border between the US and Canada a “legitimate issue”.

Illegal immigration and the security of the southern border with Mexico have been major issues in the Republican race for president, but the northern border has not been discussed.

Mr Walker made the comments in response to a question from a NBC News reporter.

“That is a legitimate issue for us to look at,” he said on Sunday.

Does the US have a problem with a deluge of illegal immigrants pouring over the Canadian border? No. Canada is a high-wage area. The US is a high-wage area. Latin America is a low-wage area. Migratory pressure, Mr.Walker, flows from low-wage to high-wage regions.

‘Taper Tantrum’ About Life With Less Quantitative Easing

China, Debt, Economy, Federal Reserve Bank, Inflation

Essentially, the monetary upheaval being experienced has come about because of a mere threat of the withdrawal of quantitative easing. The sell-off that “took the Dow Jones down more than 10 percent from its peak valuations” must be seen in the context of “seven years of zero percent interest rates,” avers fancier and Austrian Economist Peter Schiff. At work are gains that have come about likely not “from bona fide improvements in the economy,” but due to “the twin props of Quantitative Easing and zero percent interest rates.”

“The Fed has already removed one of the props, and it’s no accident that the markets have gained no ground whatsoever in the eight months since the QE program was officially wound down. As the market considers a world without the second prop, a free fall could ensue. …”

… Stock valuations [have been] extremely high and earnings are falling and the economy is clearly decelerating. The steady march upward in stock prices has been enabled by a wave of cheap financing and share buybacks. There are very few reasons to currently suspect that earnings, profits, and share prices will suddenly improve organically. This market is just about the Fed.

And Donald, “The Fed Is Spooking the Markets, Not China.”