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Today

Royal Charter

On July 27, 1694, the Bank of England received a royal charter, beginning a long history of central banking in England. Subsequent inflationary booms and deflationary busts are usually considered “mysterious” by people connected with the bank.

July 27 births include that of Samuel Smith (1752), an American who served as a captain, major, and lieutenant colonel in the Continental Army, and later as a politician in several capacities in the state of Maryland; Hilaire Belloc (1870), author of a classic analysis of modern political governance, The Servile State; and American singer and songwriter Bobbie Gentry (1944).

Categories
Accountability national politics & policies tax policy

Won’t Come A-Knockin’

IRS, audit, tax, taxes

The Internal Revenue Service says it will end “most” surprise visits to homes, like the one an agent made to the home of journalist Matt Taibbi the day he was telling Congress about governmental use of social media to censor people.

According to IRS Commissioner Danny Werfel, the many surprise visits each year looked bad, and “making this change is a common-sense step.” (The IRS wants to still be able to surprise-visit taxpayers whose assets it is seizing. . . .)

Let’s hope that the reform, even if partial and inadequate, is for real. It’s long overdue.

But can we trust these “revenuers”?

The agency periodically says that it will now respect taxpayer rights, now be nicer, etc., usually soon after publicity about awful IRS abuses. As a result of such attention, some IRS personnel are then probably nicer in some ways to some taxpayers sometimes.

And things could always be worse.

Indeed, they may be getting worse. Our Congress recently moved to expand IRS funding by $80 billion over the next ten years (part of the laughably named Inflation Reduction Act). Over the last few years, the IRS has spent millions on “weaponry and gear.” And the question of what to do about the latest bad-looking IRS abuses of the taxpayer never seems to go away.

It will probably never be realistic to expect the IRS to always play nice and in strict accordance with all pertinent legalities and constitutional rights.

But if the Congress that funds the IRS actually represented us, the American people, maybe these issues would’ve been solved a long time ago. 

This is Common Sense. I’m Paul Jacob.

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Ambrose Bierce

responsibility, n.
A detachable burden easily shifted to the shoulders of God, Fate, Fortune, Luck or one’s neighbor. In the days of astrology it was customary to unload it upon a star.

Ambrose Bierce, The Devil’s Dictionary (1911).
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Today

Atahualpa

On July 26, 1533, Francisco Pizarro’s Spanish conquistadors strangled to death Atahualpa, the 13th and last emperor of the Incas, thereby ending 300 years of Inca civilization. The conquistadors were greedy and murderous, but the Inca civilization, arguably, was worse: totalitarian and radically inegalitarian. But they made great high-mountain roads. (Arguments about infrastructure promoted by Big Government continue to this very day. And it is quite possible that an earlier civilization made the roadways, which the Inca merely renovated.)

On this day in 1948, U.S. President Harry S. Truman signed Executive Order 9981 desegregating the U.S. military.

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general freedom ideological culture international affairs

BBC Apologizes, Bankers Squirm

Nigel Farage, gangsters, banksters, censorship

Banksters. It rhymes with “gangsters.”

The pejorative for bankers came to mind as I was reading about the British Broadcasting System’s public correction of a story it had published. In covering Coutts bank’s closure of Nigel Farage’s account, back on July 4, the BBC had said that it was not political.

But Mr. Farage, the former leader of the United Kingdom’s Independence Party, “later obtained a Coutts report which indicated his political views were also considered.”

Like we all guessed. 

The lengthy document seen by Farage and then the BBC “included minutes from a meeting in November last year reviewing his account” in which he was called “xenophobic and racist” and characterized as not the kind of customer compatible with Coutts’ “position as an inclusive organisation.”

Britain, like the United States, is in the throes of a very political “culture war.” Farage was the main proponent for Brexit in 2016. The unexpected success of Britain’s plebiscite to secede from the European Union became part of the global populist rebellion that led to the election of Donald Trump here. 

And, like here, in Britain it has gotten nasty.

Farage’s beef with the BBC was easily resolved, as Farage accepted the BBC’s apology and its reporter’s excuse that a “trusted and senior” confidential source within Coutts had fed the news organization misinformation.

The bank in question considers itself very upright and moral, apparently. Hardly a “gangster” — that’s not in its mission statement! But by taking sides in politics (apparently solidly in the Remainer rather than Brexiteer camp), the bank is following a trend we’ve seen here, where big business balks at doing business with people it doesn’t like — ideologically.

This is a recipe for the breakdown of open markets . . . and civil strife far beyond what we’ve seen so far.

That’s not good for business.

This is Common Sense. I’m Paul Jacob.

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Hannah Arendt

The moment we no longer have a free press, anything can happen. What makes it possible for a totalitarian or any other dictatorship to rule is that people are not informed; how can you have an opinion if you are not informed? If everybody always lies to you, the consequence is not that you believe the lies, but rather that nobody believes anything any longer.

Hannah Arendt, interview with French writer Roger Errera (1974), New York Review of Books.
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Today

A Fine Point of the War

On July 25, 1861, the U.S. Congress passed the Crittenden-Johnson Resolution, stating that the war with the seceded states of the Confederacy was being fought to preserve the Union, not to end slavery.

Categories
First Amendment rights general freedom international affairs

Truth, Compassion & Forbearance

China, Falun Gong, genocide

The Chinese Communist Party’s genocidal ways did not begin with the mass Uyghur incarcerations. Twenty-four years ago the CCP kicked off “its brutal campaign to eradicate Falun Gong in China,” writes John A. Deller in The Epoch Times.

“Falun Gong (also called Falun Dafa) was introduced to the public in China by Mr. Li Hongzhi in May 1992,” explains Mr. Deller. “It is a spiritual practice in the Buddhist tradition based on the principles of truth, compassion, and forbearance. . . . By 1998, over 70 million people across China had found improved health and morality through Falun Gong.”

In the West, we may not immediately see how dangerous (to tyrants) a religio-philosophical movement like Falun Gong could be. 

Isn’t it innocuous? When D. T. Suzuki introduced Zen Buddhism to the U.S. in the last century, most Americans . . . yawned. 

But the Chinazis did not yawn. They banned Falun Gong on July 20, 1999. And began arresting and imprisoning and torturing and executing its practitioners.

While Deller insists that Falun Gong was not perceived by most of its practitioners to be intrinsically anti-communist, over the course of the antagonism it has dawned on the persecuted that “socialism with Chinese characteristics” is indeed at odds with “truth, compassion, and forbearance.”

What really bothers the CCP? Ideas. 

Of independence . . . forbearance. 

Of truth . . . not propaganda. 

Of compassion . . . the idea that maybe prisoners shouldn’t be killed to facilitate lucrative organ transplants.

The 24-year-old genocide is a memecide, the attempted final solution to these paramount ideas.

This is Common Sense. I’m Paul Jacob.

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J. Robert Oppenheimer

Now I am become Death, destroyer of worlds.

J. Robert Oppenheimer, quoting a passage in the Bhagavad-Gita, in the documentary The Decision to Drop the Bomb (1965), characterizing his thoughts upon the successful detonation of the first atomic bomb. Christopher Nolan’s drama Oppenheimer (2023) is in first-release theatrical competition with the fantasy-comedy Barbie (2023) this month.
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Today

A Liberation Day

On July 24, 1487, citizens in Leeuwarden, Netherlands, went on strike against a ban on foreign beer.

On the same day of 1823’s calendar, slavery was abolished in Chile.

July 24 serves as Pioneer Day in Utah and as Simón Bolívar Day in Bolivia, Ecuador, Colombia, and Venezuela.

On this day in 1974, the U.S. Supreme Court told President Richard Nixon that he lacked constitutional authority to withhold the infamous “Nixon Tapes” from Congress.