Free Markets, Free People

Alec Baldwin


Laughing With Liberals

Because, like kids, they say the damnedest things. Take Alec Baldwin who would like to be our Energy Czar (or something):

Energy policy is the lynch pin of nearly all of our other economic problems. And our dependence on oil is the tragic path that we are are still on, two wars in the Middle East in twenty years later, in order to deliver oil. Oil that costs so much more than what you read at the pump. You factor in both of those wars, the deaths of our brave soldiers, and the looming bill that our society will have to pay for our lack of maturity, foresight and courage on this front, the costs are incalculable.

Putting a major oil company out of business. That’s a war worth fighting.

The formulaic nod to the military, while holding on to the liberal canard of wars for oil (and thereby implicitly dissing the military). The shot at the lack of “maturity, foresight and courage” the rest of the “society” displays by using a readily available, cheap and efficient means of producing energy that isn’t to his liking. And finally, his rather incredible and short-sighted wish that a major oil company would somehow fail and go out of business. Of course he’s talking about private oil companies. Obviously he has no clue as to how little private companies control in terms of reserves in this world, and just as obviously doesn’t care to learn. You can bet he doesn’t care one whit about the jobs that would be lost or the ripple effect in other areas of employment it would have. It is a politically incorrect industry.  His job is to demonize it.

The good news is Baldwin may get his wish – a major oil “company” may go out of business soon. The bad news for him and his Hollywood cronies is it is most likely to be the nationalized Venezuelan oil company, PVDSA taken over by his buddy Hugo Chavez. And that would mean Citgo would go right down the toilet.  That would be a fitting irony, wouldn’t it?

Then there’s our old buddy Ezra Klein. Reporting on the House and Senate negotiators considering new Medicare tax, he cites a report by Martin Vaughan and Laura Merckler that lay it out. He then adds his own commentary:

Currently, the Medicare tax applies only to wages, without any limits. The 2.9% tax is divided in half, with workers and employers each paying 1.45%. The health bill passed by the Senate would raise the worker contribution to 2.35% for individuals making more than $200,000 a year and couples making more than $250,000 a year.

Under the proposal now being considered, people making more than those amounts would also pay the Medicare tax on dividends and other income from investments, the people familiar with the talks said. Income from pensions and retirement accounts, including 401(k) accounts, would be exempt.

A version of this that was previously introduced by Sen. Debbie Stabenow raised more than $100 billion over the first 10 years, so there’s significant money to be found here. Why Democrats prefer a new Medicare tax to, say, capping the itemized deductions rate at 28% for taxpayers making more than $250,000 is, however, beyond me. And if you did that, you’d have more than $300 billion in new money to play with.

Being a member of the juice-box mafia and having little or no experience outside of college and writing opinions based on, well, opinion, waving away the hard earned money of others as “$300 billion in new money to play with” isn’t difficult at all. And it points to a mindset that essentially says the it’s the government’s money to begin with so taking as much back as necessary to do what the “smart kids”, aka the elite, want to do is just hunky dory with the Klein’s of the world.  It’s also why he thinks the VA system is great without ever having experienced it, and that just about anything that can be put under the umbrella of government sounds good to him as well.  But he’d also tell you he’s all for “freedom and liberty” I’d bet.

Life with liberals – just full of yuks, isn’t it?

~McQ

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