Tag: socialism

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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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Communists Within the Form

“They’re not communists,” comedian Dave Smith recently told Tucker Carlson, referring to leading Democrats such as Nancy Pelosi and Kamala Harris. “They work for big business!”

Sure, but beside the point: they spew out commie talking points not as an excuse to overthrow the state and set up a communist one, but to overthrow the last vestiges of the Constitution — free-​speech rights, private property rights, the whole shebang — and consolidate power in the corporatist, neo-​mercantilist fascism that yearns to squelch all dissent.

National candidates talking “far left” allows gullible left-​leaners to back powerful insiders against the real outsiders, the churchgoers, the small business owners and entrepreneurs, free-​lance professionals and the like. 

The real revolution is what Garet Garrett, expanding upon Aristotle, called “revolution within the form.”

So, are Kamala Harris and Tim Walz just “useful idiots” preparing the way for the plutocrats’ totalitarian end game?

Would-​be Cackler-​in-​Chief aside, the Washington Free Beacon’s Alana Goodman posits that Walz may be an out-​and-​out communist:

  • “As a high school teacher in the 1990s, Democratic vice-​presidential candidate and Minnesota governor Tim Walz appeared to extol life under Chinese communism, telling his students that it is a system in which ‘everyone shares’ and gets free food and housing.”
  • “Walz’s rosy description of communism in China is similar to his recent controversial remark that ‘one person’s socialism is another person’s neighborliness.’ It also reflects his longstanding ties to the country.”
  • “After returning to the United States in the early 1990s, Walz started leading trips to China for American high school students, with support from the Chinese government. The trips were ‘arranged by a friend of Walz in China’s foreign affairs department,’ the Star-​Herald reported at the time. The Chinese government also provided some of the funding for the program.”

True-​believing communists in the old style? Or just woke, post-​Marxist totalitarians? 

It hardly matters when the point of what they say is not the dogma, but the performance, allowing them to revolt against us, and the constitutional order we rely upon.

This is Common Sense. I’m Paul Jacob.

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Commie Kamala?

Kamala Harris, communism, socialism, media, economics

“It’s hard to exaggerate how bad this policy is,” Washington Post columnist Catherine Rampell wrote last week. 

“It is, in all but name, a sweeping set of government-​enforced price controls across every industry, not only food,” explaining Democrat nominee Kamala Harris’s economic program. “Supply and demand would no longer determine prices or profit levels. Far-​off Washington bureaucrats would. The FTC [Federal Trade Commission] would be able to tell, say, a Kroger in Ohio the acceptable price it can charge for milk.”

Rampell, certainly no conservative, concluded by suggesting to the Vice-​President, “If your opponent claims you’re a ‘communist,’ maybe don’t start with an economic agenda that can (accurately) be labeled as federal price controls.”

The Post’s editorial board also noted that “every campaign makes expensive promises” but “[e]ven adjusting for the pandering standards of campaign economics” her speech “ranks as a disappointment.”

But as destructive as price controls would be, the Post’s Aaron Blake points out that, according to various polls, blaming big corporations for price gouging appears to strike a chord with the public.*

“It’s not just a potent boogeyman,” Blake explains, “it’s a potent boogeyman that deflects blame from the administration that has been in charge these past 3½ years.”

So is Vice-​President Harris really a communist or just a run-​of-​mill blame-​shifting politician?

Well, sadly, those two things are not mutually exclusive. She could be [shudder] both.

So, if you are scared that former President Trump will usher in authoritarianism, should he prevail this November, you now know that, instead, you can choose communism.

That is, the Democrats’ excuse-​making, blame-​shifting, market-​killing standard bearer.

This is Common Sense. I’m Paul Jacob.

* Though, the polling shows the public views “increasing oil production” as more effective in bringing prices down. Don’t hold your breath for Ms. Harris and Democrats to endorse that.

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What Neighborliness Is Not

Tim Walz, socialism, communism, white dudes, Kamala Harris, racism

In a late July mass videochat session, Minnesota Governor Tim Walz did not in any way acknowledge the cringe in the name of the “White Dudes for Kamala Harris” fundraiser. 

But the governor did advise his supporters to at least talk to their political opponents. 

“Look, I got a Florida Man as a brother,” Kamala Harris’s VP sidekick said. “We all have him in our families, but these are our neighbors and our relatives, and at heart, they’re good people. They’re not mean-​spirited. They’re not small. They’re not petty like they hear on stage.”

But what are these MAGA folk? How does the governor who signed a bill directing public schools to freely distribute tampons in boys’ restrooms as well as girls’ characterize people disinclined to approve of such a thing? “They’re angry, they’re confused, they’re frustrated, they feel like they got left behind sometimes.”

Somehow, Walz neglects how they feel betrayed by past representation, and are aghast at the craziness of … Tim Walz … who tells his fellow “white dudes” to “reach out, make the case.”

So, a case for what? Tampons everywhere?

Well, socialism. “Don’t ever shy away from our progressive values,” Walz said. “One person’s socialism is another person’s neighborliness.”

That’s where I bet he loses his “Florida Man” brothers. 

A politician talking up socialism is never pushing “neighborliness.” Such politicians are always pushing increased expropriation (taxes), increased regulation, and massive subsidy. 

Most who feel “left behind sometimes” are not asking for subsidies, much less the “neighborliness” of regulators and taxmen. And when they hear the word “socialism,” their trigger fingers itch. They know that over a hundred million people were killed, last century, by self-​described “socialist” leaders, outside of war.

Killing fields do not make good neighbors.

Meanwhile, one of the most important critiques of socialism is that of Ludwig von Mises, who showed that without markets in capital as well as consumer goods, chaos and poverty reign. Without price signals, goods can only be misallocated.

Like putting tampons in boys’ bathrooms.

This is Common Sense. I’m Paul Jacob. 

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Unburdened by the Leftism

Kamala Harris, commie, communist, left, progressive

Democrats have effectively sidelined the biggest story of this election year — the assassination attempt upon the candidate the party has sought to destroy since 2015 — with a brazen switcheroo-​coup from presidential candidate Sleepy Joe to the once-​widely disliked Vice President Kamala Harris.

It was all done unceremoniously and undemocratically in a breathtakingly daring backroom duress deal, detailed by Seymour Hersh.

Also itemized last week? The cover-​up of Kamala Harris’s record. In “Kamalaflage: Dems race to expunge the evidence of Harris’ leftist history,” Jim Bovard informs New York Post readers about the media’s memory-holing. 

“In 2019, GovTrack labeled Kamala Harris the ‘most liberal’ senator — further to the left than even Bernie Sanders — but this month deleted the webpage that said so,” explains Mr. Bovard.

So, what’s to the left of a “democratic socialist”?

Maybe the Vice President was channeling her father, a Post Keynesian (far, far left if not exactly Marxist) economist, when she pushed the progressives’ beloved “equity” theory of equality, which she explicitly construed as equality of outcomes. 

If you wonder how far to the left she has gone, consider her work to help BLM-​associated rioters. “In 2020, as looters and arsonists ravaged Minneapolis after the killing of George Floyd, then-​Sen. Harris urged people to donate to the Minnesota Freedom Fund ‘to help post bail for those protesting on the ground in Minnesota.’” 

Bovard says this appeal “effectively exonerated anyone committing violence or other crimes, portraying them as worthy of speedy release from jail — but the bail fund paid to release rapists and child molesters and future murderers, not just looters.”

Now, fittingly, Harris has chosen Minnesota Gov. Tim Walz as her running mate, the man who in 2020 “allowed rioters to burn down half of Minneapolis.”

Would a Democratic president want to burn down half of America?

This is Common Sense. I’m Paul Jacob.

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Repeal Obamacare

Kamala Harris, Donald Trump, MAGA, socialism, debt, lizard

Oy vey! Given the alternative of Donald Trump on the one hand and — now that Biden has bailed — a bad-​as-​Biden Biden-​substitute on the other, Americans must re-​level their look at the lesser of two evils.

It may be difficult to resist hoping that Trump gets elected this November to allow many of the Democrats’ worst initiatives be left to die on a withering vine. (Examples of the worst: Congress-​bypassing regulations designed to penalize production of gas-​powered cars and outlaw certain freelance or contract work.)

Still, the candidate and his party have many flaws.

We cannot forget that. Indeed, with their abandonment of the tiniest desire to reduce the size of the federal leviathan, remembrance should be easy. 

Shrink government? Radically reduce spending? Reduce debt? No such goal was seriously pursued in the first Trump administration, and no such goal is mentioned in the twenty-​point Trump-​Republican Party platform.

There’s talk of tax cuts, ending inflation (somehow), diverting spending from Democratic projects. Sure. But the platform insists that Social Security and Medicare programs not be modified in any way. 

In any way!

And about Obamacare — the biggest expansion of the medical state in recent years, which Republicans had once pledged to repeal — the platform is mute.

The 2016 platform said that improving healthcare “must start with repeal of the dishonestly named Affordable Care Act of 2010: Obamacare,” a declaration retained in 2020. Now it’s gone. Republicans seem to have succumbed to the strategy of turning Obamacare into yet another supposedly unassailable, supposedly inextirpable entitlement program.

Unfortunately, you don’t recover or expand liberty by accepting every expansion of serfdom.

This is Common Sense. I’m Paul Jacob.

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