Friday, May 31, 2024

Felon? Trump is in good company

Felon? Trump is in good company: Up until now, Democrats have loved felons. The advent of Soros district attorneys and the criminal justice

Criminal Convictions and the Presidency

Criminal Convictions and the Presidency: On Thursday May 30, a New York court led by Judge Juan Merchan convicted a U.S. President of 34 felony counts. Trump was not the first President to be arrested -- that honor belongs to Ulysses S. Grant when he was arrested in 1872 by a black police o...

Sunday, May 26, 2024

The existential horror of Sonia Sotomayor’s life on a conservative court

The existential horror of Sonia Sotomayor’s life on a conservative court: It’s tough being a wise Latina on the United States Supreme Court, especially when you must share your position with people who believe that their job is to interpret the Constitution and laws as written, not as you wish they were. That was Sot...

Obama never kept his word on warrantless wiretaps

Obama never kept his word on warrantless wiretaps: Literally less than 72 hours after being sworn in in January 2009, Barack Obama was in federal court arguing he had the right to spy on us.  Did you know that?  Perhaps you did and you forgot. Seemed a worthwhile thing to bring up in ...

Punked

Punked: This week, a lot of people and institutions got “punked,” that is, humiliated, by their own actions. Of course, the eternal punkees, as Hussein Aboubakar so brilliantly notes, are those who bought the Nakba myth by which Arab rulers ...

Wednesday, May 22, 2024

The Wall Street Journal Digital Replica Article

thevanx@gmail.com sent you this article.


Comment:


Wednesday, May 22, 2024

You Say 'Trickle Down' as if It's a Bad Thing

President Biden in his State of the Union ad --dress encouraged Americans to imagine a future in which "the days of trickledown economics are over" and the economy is built "from the middle out and the bottom up." That expression, "middle-out" economics, has bounced around Democratic politics for at least a decade. But how would it work? No one says.

Politicians may scorn the trickle-down effect, but it is responsible for Americans' economic well-being. Even some prominent 20th-century liberal economists, including Paul Samuelson and Alfred Kahn, agreed that the innovation and investment that lead to capital formation are crucial to economic growth. Kahn once wrote: "The most powerful engine of productivity advance is technological progress, generated in large measure by expenditures on research and development and embodied in improved capital goods and managerial techniques." That process confers benefits on everyone, he added, "precisely by trickling down."

When employees use better

equipment and have better managers, they become more productive. This makes them more valuable to their companies and stirs competition in the labor market, causing their real incomes to rise.

Sen. Elizabeth Warren (D., Mass.) sees the world differently. During her 2020 presidential campaign, she said the wealth tax she wanted to impose on billionaires would have no important cost to society. In her view, the tax would be reserved for "the diamonds, the yachts and the Rembrandts."

Ms. Warren ignored an important point. It's the superrich who have the greatest ability to save and invest in businesses. For his 2019 book, "The Billion Dollar Secret," entrepreneur Rafael Badziag interviewed 21 self-made billionaires. He found that they generally derived more pleasure from investing in technologies to create new and improved products—a benefit to everyone—than from spending on personal luxuries.

A good example is the smartphone. Wealthy Americans were among the first buyers of and investors in the product when it was a new technology. In time, costs dropped and smartphones became ubiquitous.

Lower taxes for the rich spur investment, which is good for people of all classes.

Politicians and the press mislead voters and readers when they claim that tax cuts for the rich don't benefit other economic classes. We all gain from new, improved products made possible by innovative startups funded by the wealthy. Excessive taxation, doubtless a feature of a "middle-out" plan, could deplete the funds that entrepreneurs use to start and sustain useful ventures.

Americans shouldn't worry so much about wealth distribution. Instead, we should be grateful for how the wealthy enable entrepreneurial ideas to come to life, allowing everyone to prosper.

Mr. Rhoads is a professor emeritus of politics at the University of Virginia.



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Sunday, May 19, 2024

Bidenflation clocks in at 19.1% since Joe Biden took office

Bidenflation clocks in at 19.1% since Joe Biden took office: Want more inflation? Here's how we get more inflation, according to TIPP, which found that Bidenflation went up yet again, dating from the day Joe Biden took office. The dark reality of Bidenomics is 19.2% inflation under the President&rs...

Friday, May 17, 2024

WSJ.com: A Hunter Biden Debate, Finally

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The Wall Street Journal.

Thursday, May 16, 2024

44,000-lb. wind turbine blade busts loose while in operation and careens to the earth—media wonders if the industry has a ‘quality’ problem

44,000-lb. wind turbine blade busts loose while in operation and careens to the earth—media wonders if the industry has a ‘quality’ problem: This doesn’t seem cosmic, but if a 44,000-pound chunk of fiberglass/epoxy resin that’s as big as a 747 airliner breaks off the tower of a wind turbine and comes hurtling down to earth while in operation, something is very wrong. Appare...

Wednesday, May 15, 2024

Timothy Van Eck invites you to read the WSJ article: Flood of Fake Science Forces Multiple Journal Closures

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The Wall Street Journal.

Saturday, May 11, 2024

WSJ.com: What You Aren’t Hearing About Marijuana’s Health Effects

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The Wall Street Journal.

Friday, May 10, 2024

[Shared Post] Biden tells a lie a minute during CNN interview

https://nypost.com/2024/05/09/opinion/biden-tells-a-lie-a-minute-during-cnn-interview/?utm_source=email_sitebuttons&utm_medium=site%20buttons&utm_campaign=site%20buttons

Tuesday, May 7, 2024

Bernie Sanders wants to raise your prescription costs

Bernie Sanders wants to raise your prescription costs : Responding to a recent Yale study, which found that drug manufacturer Novo Nordisk is selling the popular type two diabetes drug Ozempic, which costs less than $5 to produce, for nearly $1,000, Sen. Bernie Sanders recently called on&nb...

Monday, May 6, 2024

Ric Grenell exposes Jack Smith as the king of sleaze

Check out this Article from AmericanThinker https://www.americanthinker.com/blog/2024/05/ric_grenell_exposes_jack_smith_as_the_king_of_sleaze.html

Saturday, May 4, 2024

WSJ.com: The Adults Are Still in Charge at the University of Florida

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The Wall Street Journal.

Timothy Van Eck invites you to read the WSJ article: Activist Groups Trained Students for Months Before Campus Protests

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The Wall Street Journal.

Wednesday, May 1, 2024

Here are all the times Joe Biden has been accused of acting inappropriately toward women and girls

Here are all the times Joe Biden has been accused of acting inappropriately toward women and girls

https://www.businessinsider.com/joe-biden-allegations-women-2020-campaign-2019-6