Saturday, October 31, 2015
On Bernie's Affinity for Sweden
It depends on what he's referencing. If he's talking about the Sweden of today that has radically reduced a) public spending as a percentage of GDP and b) the top tax rates, I could probably live with that. But if he's talking about the Sweden of the '70s and '80s in which government spending was for close to 70% of GDP and the top tax rate was 80-something percent (a policy that prompted many rich folks to simply leave the country - HELLO!!!!!!!!!!!!), then, no, that's unacceptable.......Knowing the fascistic Sanders, it's more than likely the latter.
On the Fact that Historians Always Seem to Conflate the Crony-Capitalistic and Vote-Buying Political Entrepreneurs Such as Collins, Gould, Fulton, and Villard with the Market Entrepreneurs Such as Hill, Vanderbilt, Rockefeller, and Schwab and Attempt to Suggest that They Were All Evil
This is one of the most flagrant examples of laziness and bias in all of academia. The fact of the matter is that the latter group of men, while surely not perfect, created hundreds of thousands of jobs and brought down the cost of living for pretty much every American AND they did it without government assistance (in the form of forced monopolies, subsidies, etc.). I mean, I understand that these court historians (folks such as Schlesinger and Kearns-Goodwin) truly and sincerely believe that all of America's heroes have been politicians (it's how they're wired) but you've got to be at least a little bit fair.
Friday, October 30, 2015
60 Minutes Report on Benghazi - IT'S NOT a "Fake Scandal" After All!!!
Yeah, I strongly suspect that Ms. Logan is going to get slimed over this one (and probably already has - can you say, David Brock?).
On the Fact that (with England Dominating the Market) Steel Was Selling for Over $50 a Ton in 1872 and by 1900 it Was Selling (Courtesy of Carnegie Steel Under the Leadership of Schwab) for Less than $12 a Ton
So, still think that the entrepreneur is "incidental"?
Thursday, October 29, 2015
On the Fact that as Early as 1880, Many Experts Had Begun Predicting the Demise of Not Just Standard Oil but of the Entire U.S. Oil Industry (the Fact that Electricity - Powered by Coal - Had Started Supplanting Kerosene for Lighting, the fact that the Russians Had Discovered Massive Quantities of Oil at Baku and Were at Least Partially Successful in Marketing it in Europe, etc.)
Yeah, the experts (AKA pessimists) didn't foresee a) the massive discovery of oil in Texas, Oklahoma, Kansas, Louisiana, etc., b) the need for gasoline as a power source of the future, and c) the incredible ingenuity, resourcefulness, and efficiency of entrepreneurs like Rockefeller who were ultimately able to out-compete the Russians....Talk about being way off, huh?
On the Bernie Sanders Plan to Reduce Income Inequality Being a Super High Top Tax Rate
Well, if you buy into the progressive notion that taxes don't influence behavior, it wouldn't reduce income inequality one iota in that the numbers are almost always based on adjusted gross income, NOT NET INCOME. Hello!!!!!................................................................................................P.S. Of course, being that taxes DO influence behavior, the Sanders plan probably WOULD succeed, but at what cost? As the historical data has consistently shown, high top tax rates almost always lead to less revenue (just ask the Swedes, Hoover, etc. - http://paranoiacstoogetalk.blogspot.com/2014/01/its-revenue-to-federal-government-stupid.html) and if you want to spend as much as this Sanders dude does, NOT GOOD.
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