Slate takes The Atlantic to task for not taking the 1% seriously enough

Here in "Actually, the 1 Percent Are Still The Problem".

Actually, the Reagan 1986 tax reform was the problem, but Jordan Weissmann never mentions it.

This despite his wonderful graph of the top 10% over time showing the 1% take-off after the reform. When it becomes easier for the already rich to take high incomes the ordinary way, like everyone else, because of low top marginal rates, less money ends up getting plowed back into productive purposes like it used to before 1986.

We keep believing the myth that "the rich are different than you and me", but they're not. They're as indolent, undisciplined and blinkered as any middle class family leveraged to the hilt which believes it deserves a house a little larger than it can afford, two car payments, the weekly fine dinner out and the expensive annual winter vacation.

The 1% aren't the problem. You will have them always with you, by definition. The problem is human nature, and government's failure to correct for it.

Say what you will about "Christian" belief, previously it at least curbed the 1%'s enthusiasm, with the stick of high marginal income tax rates and the carrot of low long term capital gains taxes.

The American Spectator singles out Michigan for its $16 billion in corporate welfare, but the cronyism trend is up 39% just in the top 10 states since 2015

The story is here, and is more than correct to state:

Unfortunately, crony capitalism is something both parties are willing to get behind. Part of the problem is that voters often approve of these subsidies when the phrase “bringing jobs to the state” is uttered.

We're more like China than we'd like to admit, where state-owned enterprise is the rule. We simply practice state-capitalism-lite.

The data is tracked comprehensively here, updated it appears through 2015. The last time I reported on this in 2015 the top ten crony states alone were up to $96 billion in corporate welfare handouts. Three years later the top 10's cronyism has grown to $133 billion, an increase of nearly 39%.

Free market capitalism this is not.

You ask me why I refuse to fly?

Here's why:

A jobs recovery to the trend line suggests we have a jobs gap of about 5 million in April 2018

The chart shows the trend line for the percent of the population employed in Aprils since 1948. Recovery to this trend line in April 2018 would mean about 62.3% employed instead of 60.3%, implying a jobs gap of about 5.1 million.

Miles to go before he sleeps, and promises to keep . . ..

Seventeen months since his election, Trump ranks fourth since 1948 for putting people back to work

The passionate are mislead

All the art of rhetorick, besides order and perspicuity, only moves the passions, and thereby misleads the judgment.

-- John Locke (1632-1704)

Hired for his "passion for literacy", Caledonia, Michigan high school principal uses "me" when he means "I"

The outgoing interim principal was quoted here about the new hire in 2015:

"Brady [Lake] has created a reputation for being a strong instruction [sic] leader that challenges students and staff alike to reach their full potential. He has a passion for literacy and has worked very hard to implement new instructional [!] models that benefit students," Kingsbury said.

The Sun and News for Saturday, May 19, 2018, however, quotes Lake recently thusly:

"I do not want the board, or anybody, to think that me as an administrator am not 100 percent behind Dr. Martin."

They like to say that they pursue excellence in the school district, it's just that they haven't quite caught up to it yet. 

China intends to go to war to defend its claim to the South China Sea, ready to base its version of B-52 in Spratly Islands

It's like the Japs in WWII all over again.

China air force releases statement, reported here:

“A division of the People’s Liberation Army Air Force (PLAAF) recently organised multiple bombers such as the H-6K to conduct take-off and landing training on islands and reefs in the South China Sea in order to improve our ability to ‘reach all territory, conduct strikes at any time and strike in all directions’,” it said in the statement issued on Friday.

It said the pilot of the H-6K bomber conducted assault training on a designated sea target and then carried out take-offs and landings at an airport in the area, describing the exercise as preparation for “the West Pacific and the battle for the South China Sea”.

Mass projection syndrome: The Swamp is violating all the norms it claims it's defending

Ben Weingarten, here:

The political establishment that wishes to bring down the Trump presidency daily shows itself willing to eviscerate all norms, from corrupting the Foreign Intelligence Surveillance Act court and violating Department of Justice procedures, to perhaps even planting FBI informants inside the Trump campaign. It has exhibited a willingness to undermine national security in the form of gross intelligence and law enforcement politicization, game-playing with redactions, and endless leaks. The establishment has taken such actions under the guise of defending “norms” and protecting “national security.”

James claptrap Clapper is glad the FBI abused its power

Here.

No wonder, since he's abused power himself by lying to Congress.

Hooah: Michigan Republicans tell MSU to use $1 billion rainy day fund to pay off sex abuse claims

Reported here:

State Sen. Rick Jones of Grand Ledge and State Rep. Tom Leonard of DeWitt both said any proposals to ask the Michigan Legislature for funding will be dead on arrival. ... Michigan State has a $1 billion unrestricted that could be tapped for the settlement, along with a $59 million insurance fund. "They have a larger rainy day fund than the state does and it's been storming over there for well over a year and they need to pay for this," Leonard said.

Just a reminder of what a real jobs recovery would look like: Multiple months and years with job increases at or above 313,000 a month

Time article joins The Atlantic attacking the new aristocracy's moats, styling it the Baby Boom even though the author doesn't mention it even once

Here in "How Baby Boomers Broke America", which never once mentions the role of the Baby Boom and is really about how lawyers did it.

Steven Brill should sue.

The only human thing which guarantees liberty, equality and fraternity

Michigan's two main universities are now so toxic only a fool would send his kid to either one

UM feels a lot like the USSR for its severe restrictions on freedom of speech and its deliberate encouragement of rat finks.

In wake of Nassar settlement, MSU proposes budget cut as only $39 million of $500 million sex abuse settlement is covered by liability insurance.

The taxpayers ought to demand that their assets be sold and both be burned to the ground.

Laugh of the Day: Breitbart's John Binder thinks Diana DeGette is a Republican

Bebola be back, bro

23 deaths in the so-called Democratic Republic of Congo.

Mark Levin is right: The real interference in the US 2016 presidential election came from the Obama cabal

Helped by the media.

Right now in the opener.

Andy McCarthy: NYTimes storyline is bunk, Obama FBI abused its foreign spy powers against its domestic political adversary Trump

As usual, McCarthy sums up the matter better than anyone else can, here, from which this excerpt:

But opening up a counterintelligence investigation against Russia is not the same thing as opening up a counterintelligence investigation against the Trump campaign.

The media-Democrat complex has tried from the start to conflate these two things. That explains the desperation to convince the public that Putin wanted Trump to win. It explains the stress on contacts, no matter how slight, between Trump campaign figures and Russians. They are trying to fill a gaping void they hope you don’t notice: Even if Putin did want Trump to win, and even if Trump-campaign advisers did have contacts with Kremlin-tied figures, there is no evidence of participation by the Trump campaign in Russia’s espionage. ... At the height of the 2016 presidential race, the FBI collaborated with the CIA to probe an American political campaign. They used foreign-intelligence surveillance and informants.

Just a reminder: North Korea wants US troops out of South Korea

A bad idea shared by many, not the least of whom is Pat Buchanan.

Reuters reports, here:

The North has long said it is open to eventually giving up its nuclear arsenal if the United States withdraws its troops from South Korea and ends its “nuclear umbrella” alliance with Seoul.