Free Markets, Free People

Oregon

Stray voltage

More subjects than one can conveniently throw a stick at … so we’ll throw several sticks.

Have you seen the latest Brookings Institute poll on Obama’s “greatness” as a President?  It is interesting.  They decided to poll the American Political Science Association.  Their “consensus”?

First, President Obama ranks 18th overall, but beneath the surface of the aggregate figures lurks evidence of significant ambivalence. For example, those who view Obama as one of the worst American presidents outnumber those who view him as one of the best by nearly a 3-1 margin. Similarly, nearly twice as many respondents view Obama as over-rated than do those who consider him under-rated.

Well there you go.  Even a liberal leaning think tank polling liberal leaning academics can’t manage to put lipstick on a pig.  18th overall?  Hilarious.

Remember we were told that Iraq was “poorly thought out” and that “armed intervention” was a mistake?

Wouldn’t it be interesting if someone applied the same standard to Libya?  Yesterday we got to see what some of the result of that awful decision when 21 Coptic Christians were beheaded by ISIS.  And the White House reaction?

The United States condemns the despicable and cowardly murder of twenty-one Egyptian citizens in Libya by ISIL-affiliated terrorists.

Can’t even get up the gumption to identify who the “Egyptians citizens” were.  They weren’t beheaded for being Egyptians, folks.

We call on all Libyans to strongly reject this and all acts of terrorism and to unite in the face of this shared and growing threat.  We continue to strongly support the efforts of the United Nations Special Representative of the Secretary-General Bernardino Leon to facilitate formation of a national unity government and help foster a political solution in Libya.

Because, you know, Obama and the boys kind of broke the last government.

Meanwhile in Oregon, the Democratic governor resigns in disgrace, a victim of corruption in the “green energy” field.

It is a safe bet that Kitzhaber’s implosion has sent the rest of the nation’s Democratic governors, and even a few officeholders in Washington, scrambling to review their affairs. It is the very nature of green energy that its unprofitability ensures that it is only viable in the marketplace if it is subsidized at taxpayer expense. The political class’ favorability toward clean energy and the media’s deference to the project of green technology have created the perfect conditions where corruption can thrive.

Leftist billionaire Tom Steyer is deeply implicated in all of this.  I wonder if he’ll get the “Koch brothers” treatment by the media.

You can read on when you stop laughing hysterically.

Oh, and here’s another in a long line of damning reports about ObamaCare.

On another subject, I’m old enough to remember friends crippled by polio and the “iron lung”:

“We are at a stage where people have no memory of just how dangerous pathogens used to be. There is no visceral fear of viruses and bacteria. Children in wheelchairs as a result of polio are a thing of the past because the United States has been polio free since 1979 as a result of vaccines. The only people I’ve ever met who were hobbled by damage from polio were older than me. . . . I do not expect an innumerate and unscientific public to become more trusting of medical organizations that support vaccination. In some communities herd immunity has already been lost and it will be lost in more other communities. This trend will continue until an old disease comes sweeping thru and racks up lots of damage and fatalities.”

On the other hand, the government has reported for 40 years that cholesterol was going to kill us and then, recently said, “never mind”.  But they still want us to believe their science about “global warming”.  That said, one small pox plague and I’d bet everything would change.  Its hard to be fearful when you’ve never had to live with the results of awful afflictions like polio.   I remember that being the greatest fear of many parents.  Now, well, now they don’t even give it a second thought.  That’s because of a vaccination, for heaven sake.  Same with small pox.  But then anti-vaxxers are using the same sort of science that warming alarmists do, so you shouldn’t be particularly surprised.

Meanwhile in Wisconsin (not surprisingly, Madison, WI) 30 homes were spray painted with anti-Semitic graffiti.  My guess is the White House would characterize the act as “a random act by some juvenile delinquents”.  I’m still in awe of the spineless characterization of the victims in the Kosher Deli in Paris as some “folks” in a random incident.  But then, this is the same administration that for years characterized the Ft. Hood shootings as “workplace violence”, so it really isn’t a big surprise.  Back in Madison, don’t even begin to believe that the vandalism will ever be classified as a hate crime.  That is reserved for favored minorities only.

Graeme Wood (read the whole thing) lays the wood to the cowardly among us who can’t find it in themselves to identify the enemy and the enemy’s foundation:

The reality is that the Islamic State is Islamic. Very Islamic. Yes, it has attracted psychopaths and adventure seekers, drawn largely from the disaffected populations of the Middle East and Europe. But the religion preached by its most ardent followers derives from coherent and even learned interpretations of Islam.

Virtually every major decision and law promulgated by the Islamic State adheres to what it calls, in its press and pronouncements, and on its billboards, license plates, stationery, and coins, “the Prophetic methodology,” which means following the prophecy and example of Muhammad, in punctilious detail. Muslims can reject the Islamic State; nearly all do. But pretending that it isn’t actually a religious, millenarian group, with theology that must be understood to be combatted, has already led the United States to underestimate it and back foolish schemes to counter it. We’ll need to get acquainted with the Islamic State’s intellectual genealogy if we are to react in a way that will not strengthen it, but instead help it self-immolate in its own excessive zeal.

Meanwhile, at the State Department and White House …

~McQ

Oregon Voters Raise Their Own Taxes (Update)

If you were to ask them though, the taxes will be collected only from corporations and the rich.  The idea is to stick them with the bill for services the rest of the voters have decided they’d like but can’t afford.  It’s a bit like getting on a train without a ticket, finding a well dressed man, and having the ticket collector point a gun at him and demand ticket money for your trip.

If I were the well dressed man, I’d probably find alternate transportation for my next trip. If I was a “rich” person in Oregon, I might begin scouting out a new place to live. The voters have certainly made it clear they feel they have every right to loot my earnings at will. Why would I want to give them any more chances?

Measure 66 raises the income tax paid by households earning at or above $250,000 a year or individual filers who make $125,000 or more. Measure 67 raises the state’s $10 minimum corporate income tax.

Together they generate an estimated $727 million, which has already been budgeted by the 2009 Legislature for public schools and other state services.

So instead of cutting budgets at the state level to what they can afford, Oregon voters have doubled down and bought into the populist notion that they can do it on back of those demonized rich people and evil corporations.

Corporations, of course, have a number of choices. Among them, if the tax isn’t too high, is pass the cost on to their customers. That would most likely be those who voted “yes” on Measure 67 ironically. If it is a large tax which is not easily passed on to the consumer, the corporation has other choices. It can cut headcount – lay people off – to recoup the cost. Or, if it is really crippling, find a new home for their business in a state which is friendlier toward business than is Oregon. What they most likely won’t do, at least not anytime soon, is hire and expand.  And if I was a corporation looking for a new home, this vote would have me cross Oregon off the list.

The “rich” also have options. Find ways to hide that income. Like increase 401k savings so that taxable income is below that number. Many are probably small businesses which will hide income in the business vs. putting it in the owner’s income. If none of that’s possible they may find a new home for themselves and their business. One of the benefits of being “rich” is it does tend to give one some options as to where to live.

That’s not to say they will or even that all of them object to this new tax, but Oregon voters shouldn’t fool themselves that this sort of taxation is beneficial in the long run to an atmosphere which will attract and keep businesses or people who have the money to help the economy. Oregon might be a nice place to live, but it’s not that nice – especially when alternatives exist.

UPDATE: Megan McArdle points out something about the  tax on business that makes it even worse:

The business tax changes apparently include a gross receipts tax, which is really an awful tax, especially during a downturn. Companies which are actually losing money may still owe taxes, which could hasten their closure, and the evaporation of any jobs they provide.

Any business that took in a dollar last year owe taxes on it. That means, as McArdle points out, marginal businesses who have just managed to hang on (and continue to provide employment) may be forced to lay off or close their doors and liquidate to pay the tax. A particularly “smart” move in a recession.

Additionally, as Tonus points out in the comments – the $727 million will be spent on the static analysis which said such a tax would yield that amount of revenue. But life isn’t static and those effected will immediately begin to do things which will lessen the impact on them and, of course, make that revenue stream smaller than anticipated. That means two things – more deficit spending and, most likely, more taxes on those who approved these to measures in order to make up the revenue shortfall.

~McQ

[ad] Empty ad slot (#1)!