Economist Paul Samuelson was once asked to explain how sin taxes worked. He offered up the following commentary.
“Sin Taxes” are so called because they are levied on those commodities, such as tobacco and alcohol, which are the objects of widespread disapproval. “Such taxes,” Paul Samuelson says, “are often tolerated because most people–including many cigarette smokers and moderate drinkers–feel that there is something vaguely immoral about tobacco and alcohol. They think these ”sin taxes“ stun two birds with one stone: the state gets revenue, and vice is made more expensive.”
This is absolutely what has not happened in New York since Mein Obama and Gropenfurher Bloomberg have decided they would levy exorbitant sin taxes on tobacco products in New York City. Newsday.com describes the destructively regressive nature of the sin taxes on tobacco below.
Seven out of ten is bad. Really bad. Outstandingly bad. When seven out of the ten richest counties in America are proximate to Washington, DC, this is a statistical harbinger of national decline. Our current president not only didn’t change Washington from the inside, he quickly concluded he had no particular reason to want to.
It was 1982, Leopoldo Galtieri was doing a horrendous job of running Argentina and hungry, disappointed people had begun to complain about it. Galtieri decided to initiate a war with Great Britain over the Falkland Islands to Rodeo-Clown the attention of the Argentinean public away from his own inability to govern. Onwar.com describes Galtieri’s motivations for adding to the sum total of human misery below.
In early 1982 the Argentine military junta led by Lieutenant General Leopoldo Galtieri gave up on long-running negotiations with Britain and instead launched an invasion of the islands. The decision to invade was chiefly political: the junta, which was being criticized for economic mismanagement and human rights abuses, believed that the “recovery” of the islands would unite Argentines behind the government in a patriotic fervour.
The plan, and Argentinean public opinion, both blew up in Galtieri’s face. He lost his war, was driven from power, and is remembered more for his appearance in the lyrics of an obscure Pink Floyd Song than for his impact on human history. However, that hasn’t stopped others from following in his benighted footsteps. As Redstate Front Page Contributor, Jeff Emanuel recently wrote, China and Japan are close to initiating violent unpleasantness over a bunch of Islands in the East China Sea.
Do you want an echo, or do you want a choice? Would you like to participate in an election that meant something other than an additional inconvenience as a part of your morning commute? These are rhetorical questions for my five or six constant readers. For those not already convinced this election offered a stark and compelling contrast, Mother Jones just hit the Easy Button for you with their incomplete but controversial videotape of Mitt Romney claiming that 47% of America was dependent upon government. This election just became a choice of existential gravity. A or ~A. America or Amerika.
America has yet another reason to grow tired of Barack Obama’s failed economic policies. On the same day he released a new campaign ad entitled “Tires,” Goodyear Tire and Rubber Incorporated seems to have cracked an axle. As the travails of President Obama’s failed government corporatism hit home, I read the following from The Gadsden Times. According to press reports, the plant in Danville, Va., | Read More »
We all know who could settle the current public school teacher strike in Chicago. Karen Lewis tells us the delegates could settle it by this Wednesday, provided they like the latest proposal from the Mayor. Mayor Emanuel tells us the strike is illegal and the Cook County Circuit Court could order the work stoppage unclogged with a flourish of the judicial pen. The parents of 350,000 children, who sit at home and in some cases unsupervised, thought they had elected Mayor Emanuel to deal with this sort of situation. Yet one man could make one or two phone calls and turn this whole thing off like a light. Unfortunately, that chair sits empty.
I’ve taken a deep breath since the Fed announcement of QE III and no longer care whether or not The Ben has a bumper sticker supporting Obama/Biden on the bumper of The Benmobile. I can’t stop the man, so the deeper question is one of whether he has improved my existence or made it worse. I disagree with many here and opine that QE III will make America a worse place in three respects. It will make us all more susceptible to moral hazard, it will make politicians less accountable, and it will fail in its stated objective of ever improving unemployment.
Boy! That was a knee-slapper. The REVERAND Jerry Falwell getting drunk and just a-wailin’ on his momma in the outhouse. Larry Flynt made him look sillier than Sheriff Ros-cooo P. Coltrane. It just doesn’t get any funnier than that.*
That was free speech, not libel. In Falwell v. Hustler Magazine the US Supreme Court told us all how funny and satirical a parody this truly was. French Wiseman Voltaire tells us that we are ruled by those we are not allowed to criticize. I guess we can all lighten up and not worry about the coming religious theocracy. I’m sure Hustler Magazine will be doing a similar parody involving The Prophet Muhammad next month. It worked so well for Salmon Rushdie.**
People seem perplexed as to how to get what they want from our president. They claim he is aloof, out of touch and too busy fundraising with Flo-Rida and “Pimp with a limp” to properly attend to their dearest desires. Fortunately for all five or six of my constant readers, I’ve discovered the key to getting whatever you want out of Barack Obama. You beat the man into submission when he is most vulnerable. If you are nice to him instead, you will be considered weak and urinated upon accordingly.
Our nation learned more things we didn’t really want to know this morning. It seems German Finance Minister Wolfgang Schaeuble believes the United States will fail to effectively deal with its government debt after this November’s election. Moody’s has also threatened to cut the US government bond rating to AA1. I learned all of this from The Drudge Report.
What concerns me to no end, is the fact that President Obama apparently learned these things from the very same source. I say that because he certainly wasn’t present very often to hear it from his economic team during his regularly scheduled White House briefings. The Government Accountability Institute reports that President Obama has been truant from his official place of duty more often than Huck Finn and Tom Sawyer combined. The Washington Post forgets whose side they are on and reports details below.
I wrote this morning about how the Left is never satisfied with what they have. Regardless of how greedy or evil they believe business to be, they will never accept less than the world. The demands for more and more and more work like a unidirectional ratchet. There is no permanently satisfying these people. There is only paying a Dane-geld.
I remember several occasions where we were all told that if we didn’t elect the leftmost candidate, there would be rage in the streets. The people would not stand for it! Royale tried the tactic out against Sarkozy with no success. James Carville trotted it out in 2008 as a reason that people should vote for Barack Obama in 2008. It was, you see, a vote for peace. You gotta’ share the wealth! (If you know what’s good for you.)
That brings us to the latest festivities in Chicago. Chicago has elected an effluvium of Leftist central planners and served as the incubator and cash source to fuel Barack Obama’s radicalism. The city elected Rahm Emanuel Mayor and lets Bill Ayers dabble in the local school system via “initiatives” such as The Chicago Annanberg Challenge. Peace and nirvana have descended in the form of a 400,000 employee strike by The Chicago Teachers Union.*
Forward™ reads the DNC motto in delusional Stalinesque grandeur. They are marching beyond traditional boundaries. God is a mere delusion. Strike it from the platform. America’s love for Israel is from that crazy Jeebus Book. We can’t defend that (expletive) country in a DemocraticParty platform. Plus, Progressives have moved far beyond mere serfdom or chattel slavery. We don’t belong to the landed gentry, nor are we private property. With successful nationalization; we now only belong to the Government! Big Brother is now watching – even when you skinny-dip.
The DNC has run all three ideas up the flag-pole and watched with amazement when lightning struck the same flagpole three times. The DNC has now made like Brave Sir Robin and bravely ran away. It started with the “We Only Belong to Government” agitprop from the North Carolina Central Committee. Obama couldn’t proclaim its non-existence, so he disowned the North Carolina State Party by refusing to agree that it was done in his name. This will make it vastly easier for North Carolina Democrats to disown Barack Obama while the run down-ticket this November.
The Republican Party lost the White House to a vastly different Democratic Party in 1992 than the lost it to in 2008. The Democratic Party of 1992 represented an effort by the Democrats to communicate with poorer families, living in what are termed “working class neighborhoods.” The modern Democratic Party views these people as a legacy population that the state will just have to support. The difference in composition between the previous Democratic Party championed by Bill Clinton and the newer Democratic Party represented by Barack Obama has led to a situation that has put Barack Obama squarely on the defensive for the past three years of his Presidency. It may well have been the final impetus for The Jacksonian uprising that dubbed itself The Tea Party.
The LA Times put up a chart that wasn’t what the Obama Campaign hoped anyone would consider an earth-shattering piece of analysis. As unemployment has stayed over 8% the past 3 ½ years, family income has fallen. Ricardo Lopez of The LA Times offers us an analysis of the carnage.
American household median annual incomes have fallen 4.8% since the recession ended, from $53,508 in June 2009 — when the recession technically ended — to $50,964 in June of this year, a study found.