As the following editorial from the Wall Street Journal points out, increasing the tax rate on dividends will not just punish the wealthy. Lots of other folks will be hurt. Does the administration care? Or does the Holy Grail of "fairness" blind them?
Obama's Dividend Assault
February 24, 2012
February 23, 2012
Soaking the Rich
Some people have very steep learning curves. Despite a mountain of evidence that high tax rates on the wealthy do not result in the anticipated revenues to government, Britain increased those rates to 50% a while back. Not surprisingly, Britain is discovering that trying to soak the rich doesn't work very well.
I suppose we could hope that Washington policy makers are paying attention. But they won't.
February 10, 2012
Senators Breaking the Law
Question: if a large group of members of Congress willfully break the law, shouldn't there be some sanctions for their behavior?
I am referring, of course, to the fact that the Senate has failed to pass a budget, which it is required by law to do, for over 1,000 days. Specifically, Senate Democrats refuse to pass a budget. Harry Reid and Chuck Shumer have already announced that they will continue to break the law by not passing a budget this year.
The only reason I can come up with for their willful, lawless behavior is that they don't want their fingerprints on any document that could come back and bite them in the ass, politically speaking. You don't get much more cowardly and cynical than that.
I am referring, of course, to the fact that the Senate has failed to pass a budget, which it is required by law to do, for over 1,000 days. Specifically, Senate Democrats refuse to pass a budget. Harry Reid and Chuck Shumer have already announced that they will continue to break the law by not passing a budget this year.
The only reason I can come up with for their willful, lawless behavior is that they don't want their fingerprints on any document that could come back and bite them in the ass, politically speaking. You don't get much more cowardly and cynical than that.
February 1, 2012
Truman, Obama, & Power
Some excerpts from the article linked below...
"The 1932 Democratic platform, largely written by the party’s 1924 nominee, John W. Davis, was a clear statement of conservative, Jeffersonian principles, but FDR abandoned this platform during his first hundred days in office. So radical were the changes that by 1935, conservatives — Democrats and Republicans alike — agreed with Davis when he wrote, “If the structure of this Government is to be preserved, the courts must do it.”
"By the late 1930s, he had earned the New Dealers’ enduring enmity, and he wore with pride their sobriquet, “Public Enemy Number One."
There is precedent for the Supreme Court ruling against the takeover by government of the private sector.
Obama's Seizure and Truman's
"The 1932 Democratic platform, largely written by the party’s 1924 nominee, John W. Davis, was a clear statement of conservative, Jeffersonian principles, but FDR abandoned this platform during his first hundred days in office. So radical were the changes that by 1935, conservatives — Democrats and Republicans alike — agreed with Davis when he wrote, “If the structure of this Government is to be preserved, the courts must do it.”
"By the late 1930s, he had earned the New Dealers’ enduring enmity, and he wore with pride their sobriquet, “Public Enemy Number One."
There is precedent for the Supreme Court ruling against the takeover by government of the private sector.
Obama's Seizure and Truman's
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