Categories
international affairs

So It’s War, Then?

South China Sea, war, Donald Trump,

About the South China Sea situation, what needs to be said?

Not about it, but to the Chinese government.

“We’ve said everything we possibly can say,” Gatestone Institute senior fellow Gordon Chang told Fox Business News, expounding on what he thinks the United States’ next step should be. “We are done talking with you and we’re now going to start to act. And in the South China Sea, unfortunately that means we need to flood the zone with the U.S. Navy and Air Force to show that we will defend our ally the Philippines.”

This is, he explains, “one of those moments like Czechoslovakia in 1938 or Poland in 1939. It’s that serious.”

Serious, indeed: ominous. I think he’s likely correct, but he’s talking about possible escalation to war.

My Trumpian friends will insist upon raising this niggling little thought: the slide into war in the South China Sea “would never have happened under Trump.”

China’s ramped-​up belligerence does seem to have spiked with Biden as president, just as Russia’s invasion of Ukraine would have been far less likely under Trump’s leadership. 

Gordon Chang is correct that “the Biden” has “been talking to the Chinese intensively throughout the Biden Administration and things have only gotten worse” — but was this the best that could have been done? Has the Biden’s diplomacy been enough talk of the right kind?

Trump scared China. 

He also scared our Deep State.

We may have been safer then.

This is Common Sense. I’m Paul Jacob.

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Categories
Thought

Taylor Caldwell

It is a stern fact of history that no nation that rushed to the abyss ever turned back. No ever, in the long history of the world.

Taylor Caldwell, “Honoria” (1957); republished in The New American, Vol. 19, No. 20 (October 6, 2003).
Categories
Today

Missing Money

On September 10, 1608, John Smith was elected council president of Jamestown, Virginia.

On September 10, 2001, Secretary of Defense Donald Rumsfeld gave a speech about an “adversary that poses a serious threat to the United States of America.” Describing it as “one of the last bastions of central planning, governs by dictating five year plans,” and that “with brutal consistency it stifles free thought and crushes new ideas.” 

The adversary? “The Pentagon bureaucracy — not the people, but the processes.” And he went on to state that the Pentagon could not account for more than $2.3 trillion.

Categories
national politics & policies tax policy

Kill the Stock Market!

Kamala Harris, Tim Walz, Marxism, socialism, equity, stock, capital gains tax

Taxing capital gains is a form of income taxation that Democrats love. 

And it’s not just a matter of increasing revenue. Remember that President Obama thought that increasing the capital gains rate was a good idea even if it decreased government revenue. Democrats are playing to a soak-​the-​rich sentiment among their base, even when the most important supporters are billionaires.

Take Mark Cuban. He’s a billionaire. And he supports Kamala Harris for president. 

Weeks ago, the Democrat standard-​bearer came out with a wild proposal to tax unrealized capital gains. And Cuban, for all his faults, is not an idiot; he knows just how incredibly corrosive that tax on capital would be.

“It would kill the stock market,” he points out. 

In a chat with Fox Business, Cuban explained how he told Democratic insiders that taxing unrealized capital gains (as when stocks you hold gain value, but you haven’t sold them so you have no income from them), would become “the ultimate employment plan for private equity, because companies are not going to go public because you can get whipsawed, right?” 

By this he means that a stock owner might have to borrow money to cover taxes, only to have the stocks go down later and enjoy neither rebate from the government nor any income from the investment to cover the debt.

Cuban insists that Democratic insiders are pragmatic and will not push this tax.

Yet, with both members (comrades?) of the presidential ticket spouting Marxist talking points, how do we know that they are stable (corrupt?) enough to save public capitalism from their malign agenda?

How can we be sure they’re just lying?

This is Common Sense. I’m Paul Jacob.

Note: Since unrealized capital gains aren’t income, I don’t know how taxing them could be constitutional. Perhaps someone can explain this to me.

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Jacques Ellul

Propaganda must be total. The propagandist must utilize all of the technical means at his disposal — the press, radio, TV, movies, posters, meetings, door-​to-​door canvassing. Modern propaganda must utilize all of these media. There is no propaganda as long as one makes use, in sporadic fashion and at random, of a newspaper article here, a poster or a radio program there, organizes a few meetings and lectures, writes a few slogans on walls: that is not propaganda.

Jacques Ellul, Propaganda: The Formation of Men’s Attitudes (1962).
Categories
Today

Leo Tolstoy

On September 9, 1828, Count Lev Nikolayevich Tolstoy was born. Known most commonly in the English-​speaking world as Leo Tolstoy, he became the celebrated author of the novels Anna Karenina and War and Peace, as well as the novellas and short stories such as “Family Happiness,” “The Death of Ivan Ilyich,” and “The Kreutzer Sonata.”

His political and religious ideas heavily influenced Gandhi and Martin Luther King, Jr.

Tolstoy died in 1910.