Common Sense with Paul Jacob

Today

Americanisms

On April 14, 1775, the Society for the Relief of Free Negroes Unlawfully Held in Bondage, the first American organization committed to the abolition of slavery, was formed in Philadelphia.

On April 14, 1818, Noah Webster published his American Dictionary of the English Language, one of the first lexicons to include distinctly American words. The dictionary, which took him more than two decades to complete, introduced more than 10,000 “Americanisms.”

On April 14, 1988, representatives of the Soviet Union, Afghanistan, the United States, and Pakistan signed an agreement calling for the withdrawal of Soviet forces from Afghanistan. In exchange for an end to the disputed Soviet occupation, the United States agreed to end its arms support for the Afghan anti-Soviet factions, and Afghanistan and Pakistan agreed not to interfere in each other’s affairs.

Thought

Dave Barry

Scientists tell us that the fastest animal on earth, with a top speed of 120 ft/sec, is a cow that has been dropped out of a helicopter.

Calling Hatch Home

Senator Orrin Hatch, term limits, congress, Senate, hypocrisy,

Back in 2012, U.S. Senator Orrin Hatch pledged that, if elected, his current six-year term would be his last. On Election Day 2018, Hatch will be 84 years old — and have spent more than half his life in Washington.

Still, Utah’s senior senator just announced he intends to run for re-election for an eighth term.

Why? Our newly-elected president, Hatch told a Salt Lake City TV station, “is all over me to run again.” And so is the leadership in the Republican Senate — and even in the House. Or so he says.

But what about the people of Utah? A poll this past January found that 78 percent of Utahans “definitely” or “probably” did not want Hatch to seek re-election — with 58 percent in the “definitely” camp.

“Hatch’s bid for an eighth term is an endorsement of term limits,” argued Richard Davis, a political science professor at Brigham Young University, yesterday in the Deseret News.

“For many years, I opposed term limits because I felt legislators needed the time to gain knowledge and handle the long-standing bureaucracy and the power of interest groups,” Davis wrote. “However, I have concluded that such knowledge can be gained relatively quickly and would become more effective if there were not highly senior politicians, like Hatch, who dominate a legislative body for many years.”

In 1976, Hatch challenged an incumbent with the line: “What do you call a Senator who’s served in office for 18 years? You call him home.”

Today, having spent over 40 years in power, Hatch only wants more . . . and calls Washington home.

This is Common Sense. I’m Paul Jacob.

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Tags Congress, hypocrisy, Senate, Senator Orrin Hatch, term limits

Today

Thomas Jefferson

On April 13, 1743, Thomas Jefferson was born. Author of Notes on the State of Virginia and the first draft of the United States’ Declaration of Independence, Jefferson was also a scientist, philosopher, inventor, diplomat, and American politician. He also composed music, designed buildings, and translated works from his favorite French writers, whom he had met in his diplomatic missions to Paris.

Thought

George Meredith

Kissing don’t last; cookery do!

George Meredith, The Ordeal of Richard Feverel (1859), chapter 28.

free trade & free markets general freedom ideological culture moral hazard nannyism national politics & policies responsibility too much government

Escape from New York

New York, Cuomo, college, tuition, Bernie Sanders,

“New York City is a walled maximum security prison,” exclaimed posters for Escape from New York (1981, R). “Breaking out is impossible.”

Now, as part of new legislation giving “free college” to New Yorkers, politicians take the same high concept from the film and extend it to the entire state.

What, you ask, does Escape from New York have to do with free college?

First, it’s not actually free college, but only free tuition for state and city colleges.* And note that tuition costs currently run less than half the price tag of room-and-board, books and fees. Moreover, the freebie is only for students whose parents earn less than $100,000 annually, beginning in Fall 2017. In 2018, the threshold jumps to $110,000 and to $125,000 in 2018.*

Gov. Andrew Cuomo, a likely 2020 Democratic Party presidential candidate, pushed the idea of bestowing free tuition in his State of the State address months ago. He also brought in Vermont Senator Bernie Sanders, who dangled free college during the 2016 campaign and has now introduced legislation in Congress.

But the Empire State Legislature amended the bill. Knowing full well the economic climate created by their previous policies, these venerable solons feared New Yorkers might take the free tuition, earn a degree and quickly move.

To someplace with jobs, perhaps.

So, the legislation requires student recipients of the free money to remain in the state – not escape – for as many years as they received the free moolah.

How will they keep graduates from leaving? Well, the movie trailer hyped that, “The bridges are mined. The rivers are patrolled.”

And those who leave also must pay back the tuition as a loan.

If caught.

This is Common Sense. I’m Paul Jacob.

* There’s also a subsidy program for those attending private institutions of higher learning, if those colleges match the $3,000 the State puts up.

** New York state ranks 16th in median household income, at $60,850 in 2014. Therefore, the cap will deny this benefit to quite a few upper middle class and wealthier families.

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Tags Bernie Sanders, college, Cuomo, New York, tuition

Today

Armen Alchian

On April 12, 1914, American economist Armen Alchian was born. His contributions to economic theory and teaching were many and varied — his textbook, co-authored with William R. Allen, University Economics (also titled Exchange and Production), was widely considered one of the finest intermediate texts in microeconomics — but he remains perhaps best known for his work on property rights.

Alchian died in 2014, in late February, at the age of 99.

Thought

Aristotle

I have gained this by philosophy: that I do without being commanded what others do only from fear of the law.

Aristotle, in Lives of Eminent Philosophers, Diogenes Laertius.

Accountability crime and punishment moral hazard nannyism national politics & policies property rights too much government

What’s Being Forfeited

asset forfeiture, banks, banking, IRS,TIGTA, Bank Secrecy Act

What do you call those who prey upon the innocent, illegally snatching their money?

Thieves? Muggers? The Mob?

Government.

Last month, the Treasury Inspector General for Tax Administration (TIGTA) issued a report on the Internal Revenue Service’s use of civil asset forfeiture against Americans accused — well, not accused . . . more like suspected . . . well, not actually suspected of doing anything wrong, but willy-nilly deemed guilty without charge, judge, jury or conviction — of “structuring.” That’s depositing less than $10,000 in cash into a bank to avoid all the paperwork demanded by the United States Congress at that amount.

Congress passed the Bank Secrecy Act, making structuring illegal, supposedly to trip up drug traffickers and money-launderers. But that is obviously a ruse, as the TIGTA report makes abundantly clear. The IRS is simply snatching money — they won’t tell us how much — right out of individuals’ and businesses’ bank accounts.

Pity the cash-oriented business that doesn’t accumulate at least $10,000 to deposit.

The TIGTA report highlights that an incredible 91 percent of the time, the IRS acted “against individuals and businesses whose income was legally obtained,” and whom the IRS did not suspect of criminal activity. Also, through the IRS’s process of thievery “the rights of some individuals and businesses were compromised.”

Why is the IRS using the law to pilfer from the innocent, instead of the guilty?

As I explained Sunday at Townhall.com, it is easier and more profitable to make “quick hits” against innocent businesses rather than devious criminals.

When those responsible for protecting the innocent from criminals, instead, illegally twist the law to victimize the innocent, it’s called tyranny. And what is forfeited is much more valuable than mere money.

This is Common Sense. I’m Paul Jacob.

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