Tag Archives: Wealth

Fat Cats and Democrats

The progressive mind functions by means of mythic narratives that have tenuous connections to reality. Cops shoot a black man, and Eugene Robinson ofThe Washington Post begs “please don’t shoot me,” indulging the myth of a lethal American racism endangering black people’s lives, even though black offenders kill 90% of black murder victims, and 85% of interracial crime is perpetuated by blacks against whites. Criticize Sandra Fluke for demanding that a Catholic university’s health care plan subsidize her birth control, and you’re waging a sexist “war on women” for making them pay a whole $30 for their monthly pills. Another particularly persistent and long-lived political folk tale is that conservatives and Republicans are the party of robber barons who use their exorbitant wealth to undermine democracy for their own nefarious ends...

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Government health-care diagnosis: Dependency

The claim: The United States is the richest nation in the world, and as a matter of decency should pay for the health care of all Americans who can’t afford to pay for their own.

The truth: The United States is not the richest nation in the world; we are the richest debtor nation in the world. We literally owe trillions of dollars — not just in the national debt, but also in unfunded liabilities for various entitlements.

The problem: The United States doesn’t really pay for anyone’s health care with its own cash supply, but rather requisitions money from individual taxpayers and appropriates it to someone else’s medical bill.

The solution: An educated populace. As Thomas Jefferson noted, education gives “to every citizen the information he needs for the transaction of his own business.” In this case, such education would help citizens to understand that their business — their personal needs — cannot rightly be  advanced at the expense of some other citizen’s life, liberty or property...

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Pope Francis, Thomas Jefferson, and Capitalism

The Pope is singling out a behavior that values anything beyond the spiritual love that we are all to have for one another. He is addressing the concern about poverty, the concern about wealth, the concern about selfishness and greed.

He is not saying that one form of government is better than another. He is not talking about any form of economic structure at all. He is merely singling out how you use the gifts Christ has given you, regardless of the system. For Catholics, putting anything ahead of our spiritual faith is the concern to the Pope. The Pope's entire focus relates to our spiritual journey to eternal salvation and that the things of this world matter not.

The Pope is not running for president. He is the leader of the Catholic Church and is doing precisely for his followers what he should be commanding us to do...

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Hypocrisy Alert: Jon Stewart Hides Mansions Under Pet’s Names

Though Stewart distances himself from the “one-percenters” and bellows over their extravagance, his bank accounts bear all the marks of the “multi, multi, multi, multi millionaires” he mocks. The 49-year-old Stewart, born Jonathan Stuart Leibowitz, makes more than 300 times the median American salary, owns three luxury homes, and sometimes doesn’t pay his taxes...

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Where Not To Die In 2014: The Changing Wealth Tax Landscape

Despite the new generous federal estate tax law, there’s reason to worry about estate taxes. There are 19 states and the District of Columbia that impose separate state levies. And just because you live in a no-estate-tax state now, don’t get complacent. What if you move in your old age to the estate-tax-happy Northeast to be closer to your family? Or what if your state gets revenue-hungry like Illinois which reinstated its estate tax in 2011, Delaware which made a “temporary” estate tax permanent this summer, or Minnesota that recently tweaked its law to disallow common ways folks now get around estate taxes?...

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