My podcasting partner Stacy McCain has a post up titled Sanders Aide Who Used ‘Dual Allegiance’ Smear Against Jews Is an Illegal Alien.
Belén Sisa is an illegal alien “who says she was brought to this country illegally from Argentina by her parents at age six [and] is currently protected from deportation under President Barack Obama’s Deferred Action for Childhood Arrivals, or DACA, program.” So whose “allegiance” is really at issue here? Doesn’t her defiance of American law bring Belén Sisa’s “allegiance” into question?
All we have to do is adopt the magic of so-called New Monetary Theory which states that a government that borrows in its own currency doesn’t need to worry about debt because it can print money to pay the debt. If the Green Nude Eel is only going to cost around 90 trillion bucks and we use one of these, we should have change coming.
Of course, that’s not how money works. Things didn’t work out well for Rome when it debased its money, and over the last century, we’ve seen what happened in the Weimar Republic and Zimbabwe and, currently, Venezuela. As John Hinderacker points out in a post at PowerLine, Modern Monetary Theory is universally regarded by economists as a crackpot idea.
So it’s unanimous: Modern Monetary Theory, the Democratic Party’s latest ticket to the promised land, is a fraud. And not a modern one, either.
Speaking of socialism…I heard an observation yesterday, in the context of Venezuela, that was striking and true. If I could remember who said it, I would credit him. Here it is:
You can vote your way into socialism, but you have to shoot your way out.
Another reason why we need the Second Amendment.
As Ben Franklin said when asked what kind of government was being formed at the Constitutional Convention, “A republic if you can keep it.”
The Foundation for Economic Education has a post up explaining how the rich could pay for that list of Progressive freebies: $47 billion on free college tuition; $1 trillion for new infrastructure; $1.4 trillion to write off student loan debt; at least $7 trillion on a Green New Deal; $32 trillion on “Medicare for All.” We can simply adopt tax schemes similar to those used in countries such as France, Denmark, Sweden, and Finland.
If Rep. Ocasio-Cortez and Sen. Warren want the federal government to collect European shares of national income, they will have to adopt European tax systems. That means higher income taxes on the middle class, higher payroll taxes, and higher consumption taxes. According to the Congressional Budget Office, raising $32 trillion in tax revenue would require adding 36 percentage points to the marginal tax rate of every federal income taxpayer in the United States. Not just the rich—everyone. The single woman earning $82,500 and the couple earning $165,000 would see their rates soar from 24 percent to 60 percent.
To borrow from P. J. O’Rourke, the good news is that the rich will pay for everything. The bad news is that you’re rich.
Finland collects about 43 percent of GDP in taxes, and that isn’t enough. Fuzzy Slippers reports at Legal Insurrection that Finland’s government has collapsed because of the cost of universal health care: #Bernie2020 hardest hit.
Finland has long been touted by American socialists as the socialist Nirvana, where everything is free and everyone is happy, happy, happy. Sadly, fiscal reality hit Finland’s government as it collapsed Friday due to the rising costs of its universal health care.
The warning signs were on the wall last spring when Finland … ended its experiment with “universal basic income.”
Bernie Sanders (I-VT), who has been hanging his socialist mantle on the “success” of Finland’s socialist structure, may be the hardest hit.
There ain’t no such thing as a free lunch.
The New York Post reports that snack food sales have increased in states that have legalized recreational marijuana.
Hmmm. There may be some potential economic opportunities resulting from the munchies.
I’m buying more popcorn futures.
The Wall Street Journal reports that Michael Cohen instructed Stephen Ryan, his previous lawyer, to raise the prospect of a pardon after the FBI raided Cohen’s home last April. That statement by lawyer Lanny Davis, who now represents Cohen, directly contradicts Cohen’s testimony to the House Oversight and Reform Committee on 27 February.
Cohen: “I have never asked for, nor would I accept, a pardon from Mr. Trump.”
Davis: “During that time period, [Cohen] directed his attorney to explore possibilities of a pardon at one point with Trump lawyer Rudy Giuliani as well as other lawyers advising President Trump.”
Cohen has pleaded guilty to lying to Congress, but he has now flipped on his former client Donald Trump, so it makes sense that the Democrats on the House Oversight Committee would give him a forum for further lies.
Colorado lost its first attempt to crush Jack Phillips and his Masterpiece Cakeshop in a 7-to-2 Supreme Court decision affirming the baker’s First Amendment right to practice his religion and not bake a cake dedicated to promoting something contrary to his beliefs. In response, the Colorado (so-called) Civil Rights Commission filed a second case against Phillips. In response, Phillips sued the Commission in federal court alleging violation of his civil rights.
The Daily Signal reports that both the Commission and Phillips have dropped their cases.
The members of the state’s commission could have been held “personally liable” for harassment if the matter continued, said Hans von Spakovsky, senior legal fellow at The Heritage Foundation.
“It’s probably because they may have finally gotten scared that they were going to get hit with sanctions for, in essence, directly thumbing their nose at the Supreme Court and the court’s decision in this issue,” von Spakovsky told The Daily Signal. “It could make them personally liable for damages if they abuse their positions to try to harass an individual.”
In the 7-2 majority opinion, Justice Anthony Kennedy wrote: “The Civil Rights Commission’s treatment of his case has some elements of a clear and impermissible hostility toward the sincere religious beliefs that motivated [Phillips’] objection[.]”
It’s amazing how the possibility of being held personally responsible for one’s virtue signaling can change someone’s perspective. Actual accountability and the possibility of real consequences usually moderates behavior.
We need to see more of this.