A Binary Palindromic Happy New Year to All!

The Bubbles Caused by High Taxation

Brian Domitrovic for Forbes discusses how capital went on strike in the 1970s because of a clutch of onerous tax increases starting in 1969, and was diverted instead to a bunch of "inert stuff" like gold, oil and land, causing unemployment to rise: 

The rich spent the 1970s trying to figure out how to hide their money. ...

The 1970s were the first heyday of “alternative investments.” Gold, oil, land, straddles, these exotica had been the preserve of a small group of specialists before 1969, when high earners got hit with a triple tax increase. The top capital gains rate got upped to an effective 49%, there was an income-tax surcharge, and the millionaire’s minimum tax (the AMT monster of today) began. This is not to mention “bracket creep,” whereby real tax rates go up with every increase in the price level. For the record, inflation was 200% from 1969 to 1982.

In this environment, the rich simply stopped what they were doing and focused all attention on preserving capital and avoiding confiscatory rates. ...

Read the whole thing here.

It Ain't No 'With Two You Get Eggroll' For The-Office-Milker-in-Chief

A trio of appetizers: Wong's seafood cake, a tomato with li hing mui dressing and Wong's famous "soup and sandwich," a two-color Big Island tomato soup and foie gras grilled cheese sandwich.

Lobster lasagna

Ginger-crusted onaga

The President's favorite entree, soy-braised shortribs.

And his favorite dessert, "The Coconut," coconut ice cream covered with dark chocolate, in a shape that looks exactly like half a coconut, served with a colorful array of tropical fruits.

As reported here.

WAPO Blogger Klein Thays Constitution Justht Too Old and Confusthing

Talk about lip thservice. Isth he done or what?! Here.

The "Right" To Healthcare is a Threat to Life and Liberty

Ross Kaminsky for The American Spectator here gets close to making a point which needs to be made more often, more forcefully, and more primary, namely, that one man's right to healthcare comes at the expense of another man's right not to provide it if he doesn't wish to:

[I]f health care is a right, that means that an American who for whatever reason does not have access to a doctor must be provided that access, whether that means redistributing taxpayer money to the would-be patient or even the potential of forcing a doctor to provide his services in an area "underserved" by health care professionals. ...

In other words, when one person's right is forcibly taken away for the benefit of someone else, it can no longer be a right any more than taxes extracted for the benefit of the poor may be deemed charity.

A doctor practices medicine by choice, not by compulsion, so we can no more force him to provide care than we can force people to become doctors. But, of course, if the courts decide that government can compel expenditure for health insurance, then it is a short distance to compelling other things, indeed anything, at which point this country is finished, if it isn't already.

Quibbling about how the inherent limitations accruing to conceptions of positive rights shows that they are not rights, such as that Obamacare under Berwick's rules will be provided as a right only

up to a certain age, a certain degree of sickness, or a certain cost,

has utilitarian value but is really beside the point.

A different contract governs the relations between a doctor and his patient, which Obamacare would overthrow, as full of negative pledges as the Bill of Rights is full of negative rights, the most famous of which people remember as "to do no harm."

The real offense of Obamacare is the compulsion at the heart of it, as real as the oppression of any tyranny.

What we need to stop it is a Hippocratic Revolt.

Debt by Congress

"After years of historic deficits, this 110th Congress will commit itself to a higher standard: Pay as you go, no new deficit spending. Our new America will provide unlimited opportunity for future generations, not burden them with mountains of debt."

-- Nancy Pelosi, Speaker of the House, 2007, 2008, 2009, 2010

111th Congress, 2009-2010, New debt = $3.22 trillion

110th Congress, 2007-2008, New debt = $1.96 trillion

Total new debt under Pelosi and Dems = $5.18 trillion

An increase of new debt of 134 percent over the historic deficits she was referring to, making hers, well, more historic:

109th Congress, 2005-2006, New debt = $1.05 trillion

108th Congress, 2003-2004, New debt = $1.16 trillion

Total new debt under Republicans        = $2.21 trillion

Proving once again that Republicans give less of the same, and Democrats more.

Full story here.

On Patriotism

"Patriotism is now the last refuge of the bugger."

-- Imam John

TSA Mops The Floor With Claire Hirschkind at Austin-Bergstrom Int'l Airport

"I can't go through because I have the equivalent of a pacemaker in me."

"I turned to the police officer and said, 'I have given no due cause to give up my constitutional rights.  You can wand me,'" and they said, 'No, you have to do this.'"

"I told them, 'No, I'm not going to have my breasts felt,' and she said, 'Yes, you are.'"

 "[T]he police actually pushed me to the floor, (and) handcuffed me.  I was crying by then.  They [dragged] me 25 yards across the floor in front of the whole security."

The TSA did release a statement Wednesday that said in part, "Our officers are trained to treat all passengers with dignity and respect. Security is not optional."

Complete story and video here. 

Preparing Our Hearts For Christmas, With George Washington and Thomas Paine

From Paine's December 23, 1776 The American Crisis, which Washington had read aloud to his troops as they prepared to attack Trenton on Christmas:

Not all the treasures of the world, so far as I believe, could have induced me to support an offensive war, for I think it murder; but if a thief breaks into my house, burns and destroys my property, and kills or threatens to kill me, or those that are in it, and to "bind me in all cases whatsoever" to his absolute will, am I to suffer it? What signifies it to me, whether he who does it is a king or a common man; my countryman or not my countryman; whether it be done by an individual villain, or an army of them? If we reason to the root of things we shall find no difference; neither can any just cause be assigned why we should punish in the one case and pardon in the other. Let them call me rebel and welcome, I feel no concern from it; but I should suffer the misery of devils, were I to make a whore of my soul by swearing allegiance to one whose character is that of a sottish, stupid, stubborn, worthless, brutish man. I conceive likewise a horrid idea in receiving mercy from a being, who at the last day shall be shrieking to the rocks and mountains to cover him, and fleeing with terror from the orphan, the widow, and the slain of America.


Enjoy it all, here.

Minyanville Founder and Dead-Head Asks The Stupid Question of the Year

"What's another word for thesaurus?" (Todd Harrison, here)

You'd think "treasury" would come to the mind of someone whose job it is to talk about money all the time, and preempt the question, but that would presuppose that Syracuse University required its honors graduates to know some Greek.

On Sin

"Sin is what everyone commits, but few admit."

-- Imam John

Politico.com Fawns Over Senator Murcowskie (RINO-AK)

With photos no less, here.

Hell hath no fury like a woman scorned.

Which is why we should repeal the 19th Amendment.

TSA De-deputizes Pilot For Posting Video of Sacramento Security Theatre

The story, with video, is here.

Apparently the TSA is upset that you find out from this story that ground crews don't go through the invasive screening that you and flight crews have to endure. Ground crew members swipe a card reader and get access to your plane, by-passing metal detectors, naked scanners, and enhanced pat downs.

Do you feel safer?

Well, do ya, punk?

The Major Antonyms of the Moment

Military Will Follow the Nuremberg Offense on Repeal of DADT

Just following orders, sir:

Major Tim Densham of the 63rd Brigade said the military will do as asked.

“Our role is to do what the president tells us to do. We are just going to follow the rules.”

The moral hollowness of a Nazi.

Here.

Vern Ehlers' Parting Shot at Conservatives

U.S. Rep. Vern Ehlers, R-Grand Rapids, voted for repeal [of DADT].

He predicted people will look back in five or 10 years and wonder what all the fuss was about.

“I just don’t think there is going to be a problem here,” Ehlers said.

Here.

Mlive.com Targets Free Speech

Per the very unattractive, Stalinist cave-dwelling hobgoblin in charge, here.

Admiral Says Obama's Motive in START was not National Defense

“If Obama wanted to save some money and improve national defense, he should have gotten out of the nuke negotiations and acted unilaterally. START is simply a political victory for Obama.”

-- Vice Admiral Jerry Miller, USN (Ret.), here

Alaska Supreme Court Rules in Favor of Senator Lisa Murcowskie

But she wanted more:

Murkowski tried to make her lead even bigger by arguing that the state should have counted about 1,500 ballots where voters wrote in her name but didn't fill in the oval next to it.

The Supreme Court considered that along with Miller's lawsuit and ruled the state was right not to count those additional ballots for Murkowski.

The full story is here.

"The Tax Code is 10 Times Longer Than the Bible, Without the Good News"

So says Republican Representative Dave Camp of Michigan, and George Will approves, here, especially with the additional observation that it is not right that the bottom two income quintiles pay no taxes whatsoever, and receive direct cash payments in the form of refundable tax credits.

Real conservatives agree: everyone needs to have skin in the game.