Tag: Tim Walz

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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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ideological culture national politics & policies

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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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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