Cato Institute has just released a report along with an infographic (below) which illustrates what sort of impact we can expect on Pentagon spending if the sequester takes place. John McCain, supporters of the military industrial complex, and the more hawkish elements of the GOP are doing their best to scaremonger to stop the sequestration on national defense grounds. But as you can see, this is hardly a cause for alarm in terms of the military being able to defend against any kind of threat from a nation or terror group.
Category Archives: Taxation
President Obama is really insulting the intelligence* of the American people acting as if he had nothing to do with the sequester he signed. In the SOTU he said congress “passed” the sequester. But as anyone who is old enough to remember School House Rock: “I’m Just A Bill” can attest, a bill doesn’t become a law without the president’s signature unless there are enough votes to override the veto.
Now personally, I am in favor of the sequester. The dire consequences President Obama are completely overblown. As Brad pointed out, we are talking about maybe 2% of this year’s budget. It’s very clear to me that for the most part, we are not dealing with serious people in neither the congress nor the Whitehouse.
That being said, it seems like everything President Obama says has an expiration date on it. It’s just too bad his policies don’t.
*Then again maybe not as more than half the American people approve of the job he is doing as POTUS. I’m not one of them.
Until yesterday, if someone asked me what I thought about Dr. Ben Cason, I would have had no idea who you were talking about. After listening to his speech (below) from the National Prayer Breakfast from a few days ago with President Obama just a few feet away, I thought this speech was too good not to share.
As an atheist, there were obviously some points I disagreed with. Theological disagreement notwithstanding, overall there was a great deal of wisdom in what he had to say about history, political correctness, personal responsibility, morality, education, healthcare, the national debt, and the tax code. There was easily more intelligent ideas being spoken here than last night’s State of the Union.
If you don’t watch any other part of this speech, start watching around the 18 minute mark where Dr. Carson talks about the immorality of class warfare the progressive tax code and watch the president’s face (spoiler alert: he doesn’t seem too amused). I honestly don’t know how this guy got in the room, much less had the opportunity to speak!
The welfare state is a problem in America, there’s no question about it. When you have a country were nearly 49 million people are dependent on food stamps as of this writing, that is a problem. We libertarians as well as conservatives lament the growing welfare state because of what it is doing to the economic health of this country and the negative incentives (i.e. the moral hazard) to discourage people from working when it’s easier to get a check from the government. That being said, I think we libertarians could do a better job with the messaging on this particular issue.
Today’s episode of the Neal Boortz show is a perfect example of what I’m referring to. Boortz’s personality is that of a curmudgeon. Over the years he has referred to himself as the “High Priest of the Church of the Painful Truth.” I usually enjoy his blunt, non-P.C. style but sometimes I think he goes a little overboard when he calls people who are on one type of welfare or another “parasites” regardless of their individual circumstances. I missed the first part of his show (which is normal) but I tuned in about the time a caller who said the only government assistance he was receiving was food stamps called in. He went on to explain that he worked 3 minimum wage jobs at about 120 hours a week to support his 5 kids (I think that was the right number). After explaining his circumstances, he asked Boortz: “Do you think that I am a parasite?” Boortz responded “yes.” Boortz went on to criticize the man for having children he couldn’t afford to support and told him that perhaps since he still couldn’t support his children on his three jobs that perhaps he should give them up.
Taking the caller’s word at face value that he works 120 hours a week, I have to disagree somewhat on Boortz’s characterization that the man is a parasite. I also think that telling someone who really is trying to support his children but still coming up short and supplementing his income with food stamps to give up his kids is an unreasonable suggestion. How much would it cost taxpayers if every person who struggled with supporting their children put their children in the foster care system or an orphanage? We hear all the time from conservatives – especially social conservatives* that the ideal situation for raising children is a household with a mother and a father. I have heard some social conservatives say that the reason the state shouldn’t recognize gay marriage or civil unions is that the purpose of marriage is procreation. They also argue for the child tax credit and favorable tax treatment for married couples to encourage more people to have families**.
I don’t know to what extent Boortz agrees with these notions as he doesn’t seem to talk about these issues much. I do think there is something to say about children growing up in a stable environment, however. I haven’t done much research at all about the foster care system but from what I understand, it’s far from ideal. How many children in the foster care system find themselves in the criminal justice system whether on probation or incarceration versus those who are raised by at least one loving biological parent? I don’t happen to know the answer but I suspect that there are more of the former than the latter. Again I ask, how much would this man giving up his children possibly cost the taxpayers? I suspect it would be more than whatever he is getting in food stamps.
To some degree***, this man is a parasite but certainly not to the extent some people I have met are. There are the single dads who have too many children to too many baby mamas who don’t take responsibility for their children and have no shame about going on the dole. There are also far too many single moms out there who have made some very bad choices who basically marry the government. If anything, the caller is probably receiving less government support because he is working so many hours. Slacking is rewarded while trying to better oneself is punished – this in of itself is a major part of the problem, I think.
While I agree with Boortz in principle that one man’s need does not mean he has a claim on another’s money, there are more classes of parasites I think are even more offensive than poor people on welfare. I am much more offended by the corporate welfare and the welfare for the rich. I’m not talking about tax cuts or anything like that but subsidies. I’m talking about billionaire sports franchise owners who have their stadiums built by taxpayer dollars so they can pay millions more to their millionaire athletes. I’m talking about TARP, the auto bailouts, QE 1, QE2, QE 3 and other policies the Federal Reserve has used to make our dollars worth less and less every day. I’m talking about corporate lobbyists who write regulations in their favor to make it difficult for competitors to enter the market place. I’m talking about lawyers.
Yes there are more than one class of parasite bringing our economy down. When it comes to going after those who are using taxpayer money for their benefit, I think it’s high time we libertarians say women and children last.
Point of Clarification: It wasn’t fair to lump all lawyers together as parasites. Lawyers are necessary in our system to take out some of the parasites I mentioned above (the white blood cells, if you will). Like any profession, there are bad apples. When I think of parasitic lawyers, I think of the likes of John Edwards and the ambulance chasers on late night TV. There are plenty of heroic lawyers who truly fight for liberty and justice such as those at the Institute for Justice and The Innocence Project. I’m sure we can count fellow Liberty Papers contributor Doug Mataconis among them as well (though I know nothing about his work as an attorney, he’s a good person and I’m sure that’s reflected in his profession as well).
There is so much economic ignorance/stupidity in this video (below), I wouldn’t even know where to begin. John Maynard Keynes himself would probably be embarrassed by this video courtesy of the California* Federation of Teachers and narrated by the great economist of our time Ed Asner.
I don’t have much else to say about this video right now, it’s too easy (though feel free to rip it apart here…or defend it). Actually, I am in the planning stages of writing a book that challenges this sort of mentality (I’m shooting for a release date about May 2013). I’m hoping Liberty Papers readers will buy it; I will have discounts for Liberty Papers readers.
And now for your, um…enjoyment[?]: Tax the Rich: An animated fairy tale**
WARNING: This is 7 minutes and 50 seconds of your life you will never get back.
*Oh yes, the state of California which is being run by people with this kind of mentality! Yeah, their economic policies have been working great, haven’t they?
**Fairy tale is actually a very good description.