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Category: Politics
Newslinks for Monday 29th April 2024
Sunak 1) The Prime Minister focuses on tax and welfare as Number 10 ‘dismisses snap election speculation’ “Rishi Sunak will push his plans for welfare reforms and tax cuts in a bid to keep his leadership afloat as he faces threats of challenges from his own party. The PM goes into a tough week of…
Follow the Money
Gary Varvel Gary Varvel is the editorial cartoonist for The Indianapolis Star. Born in Indianapolis, Indiana in 1957, Varvel was drawn to cartoons as a child when he saw a copy of MAD magazine. His freshman year at Danville High School in Danville, Indiana, Varvel won his first cartoon contest held by the school newspaper….
Follow the Money
Gary Varvel Gary Varvel is the editorial cartoonist for The Indianapolis Star. Born in Indianapolis, Indiana in 1957, Varvel was drawn to cartoons as a child when he saw a copy of MAD magazine. His freshman year at Danville High School in Danville, Indiana, Varvel won his first cartoon contest held by the school newspaper….
Arabella Network’s Leftist ‘Dark Money’ Influence Expanding, Author Reveals
The left-wing Arabella Advisors network has raked in more money than either of the two major political parties and affects almost every element of public policy and elections, argues Scott Walter, president of the Capital Research Center, a Washington-based investigative think tank. Walter’s new book “Arabella: The Dark Money Network of Leftist Billionaires Secretly Transforming…
Quote Of The Day, April 29, 2024
“We find legal error, review the matter de novo, reverse the denial of incorporation, and render judgment in favor of the incorporators and electors.” – From the majority opinion of the Louisiana Supreme Court, which released a 4-3 decision Friday creating the city of St. George in East Baton Rouge Parish. The post Quote Of…
JUST IN: $61 Billion Was Just The Beginning – Ukrainian President Zelenskyy Announces 10 Year Funding Agreement with U.S.: “GLORY TO UKRAINE” (VIDEO)
Ukrainian President Volodymyr Zelenskyy, after speaking with Democrat House Leader Hakeem Jeffries, announced on Sunday the U.S. and Ukraine are “working on fixing specific levels of support for this year and for the next ten years.” As The Gateway Pundit reported, Congress recently passed three bills to hand out $95 Billion in “foreign aid” to Ukraine,…
Comparing Taxation in Sweden and the United States
I already shared my thoughts about the value-added tax when discussing fiscal policy with an economist at the Confederation of Swedish Enterprise. Here’s some of what I said about tax progressivity and the welfare state. The bottom line is that the American tax system targets the rich. But that’s not the case in Sweden. If you don’t believe me, let’s…
More Good Results from Argentina
The most important election of 2023 took place in Argentina, where that nation’s voters elected the libertarian candidate, Javier Milei, as their new president. I discussed the outlook for Milei’s agenda on a recent appearance of the Schilling Show. Here’s a brief excerpt. As you can see, I’m worried that Milei faces enormous obstacles. Argentina desperately needs big reductions in the size and scope…
Norway’s Class-Warfare Tax Policy is Backfiring
Class-warfare tax policy is bad news. Last year, I warned that, “rich people are not sheep, patiently waiting to be sheared. If their fiscal torture is too extreme, they will leave.” Norway is a powerful example. Here’s a chart showing the rate at which Norwegians are moving to Switzerland. You may be wondering what caused the sudden change after…
Norway’s Class-Warfare Tax Policy is Backfiring
Class-warfare tax policy is bad news. Last year, I warned that, “rich people are not sheep, patiently waiting to be sheared. If their fiscal torture is too extreme, they will leave.” Norway is a powerful example. Here’s a chart showing the rate at which Norwegians are moving to Switzerland. You may be wondering what caused the sudden change after…
Comparing Taxation in Sweden and the United States
I already shared my thoughts about the value-added tax when discussing fiscal policy with an economist at the Confederation of Swedish Enterprise. Here’s some of what I said about tax progressivity and the welfare state. The bottom line is that the American tax system targets the rich. But that’s not the case in Sweden. If you don’t believe me, let’s…
Leftist Governments (and the IMF) Pushing Global Wealth Tax
When Joe Biden began his push for a global corporate tax cartel back in 2021, I explained why the idea was very bad news for the world’s workers, consumers, and shareholders. And I pointed out it was specifically bad news for developing nations since they would be prevented from using good tax policy to encourage rapid growth. Most important, at least for purposes…
Leftist Governments (and the IMF) Pushing Global Wealth Tax
When Joe Biden began his push for a global corporate tax cartel back in 2021, I explained why the idea was very bad news for the world’s workers, consumers, and shareholders. And I pointed out it was specifically bad news for developing nations since they would be prevented from using good tax policy to encourage rapid growth. Most important, at least for purposes…
More Good Results from Argentina
The most important election of 2023 took place in Argentina, where that nation’s voters elected the libertarian candidate, Javier Milei, as their new president. I discussed the outlook for Milei’s agenda on a recent appearance of the Schilling Show. Here’s a brief excerpt. As you can see, I’m worried that Milei faces enormous obstacles. Argentina desperately needs big reductions in the size and scope…
Trump and the Flat Tax?
There’s going to be a big tax fight in Washington next year, regardless of who wins the House, the Senate, and/or the presidency. That’s because major portions of Trump’s 2017 Tax Cuts and Jobs Act will expire on December 31, 2025. Will those tax cuts be extended? Will they be expanded? Will they be curtailed? Politicians will…
Dumbest Tax Loophole, or Most Self-Serving Loophole?
When asked about tax loopholes, my first reaction is to determine whether something is an actual tax preference or merely a mitigation of a tax penalty. And that means understanding the “tax base.” For instance, IRAs and 401(k)s are not loopholes. They are a way for taxpayers to protect their savings from double taxation. Similarly, the “preferential” tax…
Trump and the Flat Tax?
There’s going to be a big tax fight in Washington next year, regardless of who wins the House, the Senate, and/or the presidency. That’s because major portions of Trump’s 2017 Tax Cuts and Jobs Act will expire on December 31, 2025. Will those tax cuts be extended? Will they be expanded? Will they be curtailed? Politicians will…
Dumbest Tax Loophole, or Most Self-Serving Loophole?
When asked about tax loopholes, my first reaction is to determine whether something is an actual tax preference or merely a mitigation of a tax penalty. And that means understanding the “tax base.” For instance, IRAs and 401(k)s are not loopholes. They are a way for taxpayers to protect their savings from double taxation. Similarly, the “preferential” tax…
The United States vs. Europe
To show that living standards are much higher in the United States than they are in Europe, I periodically share OECD data on average individual consumption (2012, 2014, 2017, 2019, and 2022). All of which implies that European economies should be growing faster than the U.S. economy. But that’s not the case. In fact, the opposite is true. There’s anti-convergence. Today, let’s look at another example, courtesy…
The United States vs. Europe
To show that living standards are much higher in the United States than they are in Europe, I periodically share OECD data on average individual consumption (2012, 2014, 2017, 2019, and 2022). All of which implies that European economies should be growing faster than the U.S. economy. But that’s not the case. In fact, the opposite is true. There’s anti-convergence. Today, let’s look at another example, courtesy…
Everything You Need to Know About America’s Decaying Fiscal Status
There was a lot of wasteful spending during the pandemic. That was bad news, but what’s far more worrisome is that politicians used the pandemic as an excuse to permanently increase the spending trendline. Here’s a chart based on CBO’s historical data and future projections. I added a yellow line to show the trend line based on spending growth from…
Everything You Need to Know About America’s Decaying Fiscal Status
There was a lot of wasteful spending during the pandemic. That was bad news, but what’s far more worrisome is that politicians used the pandemic as an excuse to permanently increase the spending trendline. Here’s a chart based on CBO’s historical data and future projections. I added a yellow line to show the trend line based on spending growth from…
The Drift to Statism in the Western World
Three years ago, I wrote about the erosion of economic liberty in Western Europe (specifically, the 15 nations that comprised the European Union between 1995-2004). Sadly, here’s a more up-to-date chart showing that the loss of economic freedom is a problem for the entire western world (the advanced nations of North America, Western Europe, and the Pacific Rim). As you can…
R Kelly loses appeal to overturn 20-year sentence for child sex abuse
R Kelly’s challenge against a 20-year sentence for child sex convictions has been quashed by an appeals court. The singer was correctly sentenced to 20 years in prison, a Chicago court ruled on Friday. He was convicted in 2022 on three charges of producing child sexual abuse images and three charges of enticement of minors…
R Kelly loses appeal to overturn 20-year sentence for child sex abuse
R Kelly’s challenge against a 20-year sentence for child sex convictions has been quashed by an appeals court. The singer was correctly sentenced to 20 years in prison, a Chicago court ruled on Friday. He was convicted in 2022 on three charges of producing child sexual abuse images and three charges of enticement of minors…
NERD PROM 2024: Biden Commands The Regime Media To Regime Harder
As he closed his remarks to the White House Correspondents’ Dinner, also known as Nerd Prom, President Joe Biden directed the media to lean further in his direction in covering the 2024 presidential election. Watch as Biden closes his remarks by issuing the “what’s at stake” clarion call: JOE BIDEN: On the third anniversary of…
NERD PROM 2024: Biden Commands The Regime Media To Regime Harder
As he closed his remarks to the White House Correspondents’ Dinner, also known as Nerd Prom, President Joe Biden directed the media to lean further in his direction in covering the 2024 presidential election. Watch as Biden closes his remarks by issuing the “what’s at stake” clarion call: JOE BIDEN: On the third anniversary of…
Pro-Hamas Protesters Seeking Amnesty to Protect Their Future Careers
Student protesters find themselves in a bit of a bind if they get arrested for their actions on campus. Hundreds of students across the country have been suspended while some have even been expelled for their actions. Advertisement But imagine you’re a recruiter for a Fortune 500 company or a white shoes law firm. The…
Florida Rep’s Sets Sick Democrats On Fire With Death Penalty Proposal
U.S. Representative Anna Paulina Luna, a Florida Republican, is fighting to pass legislation that would institute the death penalty or life imprisonment for convicted child sex abusers. She announced on social media that her bill, entitled the “No Repeat Child Sex Offenders Act,” will be introduced in the House on Thursday. Luna’s stance is clear:…
Chrissy Clark: Transgender Student Who Beat 7th Grader With Stanley Cup Had ‘Hit List’
A seventh-grade student in Pennsylvania was beaten over the head with a Stanley Cup by a 13-year-old male who identifies as female last week. The whole thing was caught on video. One middle school student named Emily recounted the events at a school board meeting, according to a video obtained by Reduxx. Emily claimed that…
Chrissy Clark: Transgender Student Who Beat 7th Grader With Stanley Cup Had ‘Hit List’
A seventh-grade student in Pennsylvania was beaten over the head with a Stanley Cup by a 13-year-old male who identifies as female last week. The whole thing was caught on video. One middle school student named Emily recounted the events at a school board meeting, according to a video obtained by Reduxx. Emily claimed that…
The Road Back to Normalcy Starts Where the Problem Began: College Campuses
The long-awaited return to normal has started in America. Google swiftly fired 28 employees who occupied their boss’s office in protest against a corporate contract with Israel. Educational institutions such as Vanderbilt University and Columbia University have suspended or expelled student protesters who occupied buildings and spaces illegally. Pomona College, American University, and the University…
The Road Back to Normalcy Starts Where the Problem Began: College Campuses
The long-awaited return to normal has started in America. Google swiftly fired 28 employees who occupied their boss’s office in protest against a corporate contract with Israel. Educational institutions such as Vanderbilt University and Columbia University have suspended or expelled student protesters who occupied buildings and spaces illegally. Pomona College, American University, and the University…
Sowing Meets Reaping as Pro-Hamas Protesters Laughably Demand ‘Amnesty’ From Their Consequences
How ridiculously entitled are the pro-Hamas “protesters” storming college campuses and setting up illegal encampments across the country? With numerous arrests and suspensions taking place, some are now demanding “amnesty” so that their actions don’t impact their future careers. RELATED: Pro-Hamsa Protester Squealing Like a Stuck Pig as Trooper Carries Her Away Is Gen-Z Personified…
Sowing Meets Reaping as Pro-Hamas Protesters Laughably Demand ‘Amnesty’ From Their Consequences
How ridiculously entitled are the pro-Hamas “protesters” storming college campuses and setting up illegal encampments across the country? With numerous arrests and suspensions taking place, some are now demanding “amnesty” so that their actions don’t impact their future careers. RELATED: Pro-Hamsa Protester Squealing Like a Stuck Pig as Trooper Carries Her Away Is Gen-Z Personified…
Volodymyr Zelenskyy Demands US Give Ukraine More Weapons, F-16S, Artillery After Approval of $61 Billion Aid Bill
On Friday, Ukrainian President Volodymyr Zelenskyy issued a set of demands, ordering the United States to provide additional military aid to the wartorn country in the form of weaponry. This after the US approved an additional $61 billion taxpayer-funded foreign aid package to be sent to Ukraine earlier this week. Zelenskyy’s first request was for…
Volodymyr Zelenskyy Demands US Give Ukraine More Weapons, F-16S, Artillery After Approval of $61 Billion Aid Bill
On Friday, Ukrainian President Volodymyr Zelenskyy issued a set of demands, ordering the United States to provide additional military aid to the wartorn country in the form of weaponry. This after the US approved an additional $61 billion taxpayer-funded foreign aid package to be sent to Ukraine earlier this week. Zelenskyy’s first request was for…
J6 Political Prisoner Dominic Pezzola Discovers He Has Cancer While Serving Time in Prison
J6 political prisoner and veteran Dominic Pezzola Earlier this week Barb Turpin wrote The Gateway Pundit to share the very sad news that her son Dominic Pezzola was recently diagnosed with cancer while serving time in prison. Barb blames the medical neglect Dominic endured since being held in prison. Barb wrote this: I’m hoping you…
Soft power latest: British Member of Parliament detained and deported from Djibouti
Earlier this month, the Conservative Party put out a tweet celebrating the fact that (according to Brand Finance’s Global Soft Power Index 2024!), the United Kingdom is “the second most powerful country in the world”. The United States took the top spot, of course. Third-placed was China. This social media masterpiece was swiftly deleted. Probably…
Lindsey Graham Supports Saudi-Israel Treaty, Sees Broad Republican Backing
Senator Lindsey Graham’s recent endorsement of a potential treaty between Saudi Arabia and Israel marks a significant step toward enhancing Middle-Eastern diplomatic relations. Politico reported that Graham has publicly advocated for the treaty, noting it could garner substantial Republican support in the U.S. Senate, thus continuing the peace-building legacy of the Abraham Accords. Last Sunday,…
Senator Fetterman Condemns Antisemitism In Campus Protests, Reaffirms Support For Israel
In a recent interview, Pennsylvania Senator John Fetterman criticized antisemitic undertones in anti-Israel campus protests and clarified his stance on the Israel-Hamas conflict. Fox News reported that during a discussion on NewsNation’s “The Hill Sunday,” Senator John Fetterman, representing Pennsylvania, openly criticized the antisemitic elements that have surfaced during several anti-Israel protests on U.S. college…
Utah Man Receives Six-Year Sentence For Capitol Riot Involvement
John Earle Sullivan, a participant in the January 6 Capitol riot, has been sentenced to six years in prison. Mediaite reported that U.S. District Judge Royce C. Lamberth handed down a six-year prison sentence to John Earle Sullivan for his actions during the infamous Capitol riot on January 6, 2021. The events that transpired on…
Biden Laughs at Cocaine Joke from ‘A**’-Kisser Colin Jost in WH Dinner
(Luis Cornelio, Headline USA) President Joe Biden couldn’t hold his laughter when comedian Colin Jost suggested that he might have dabbled in the infamous cocaine discovered at the White House in July 2023. The joke came during Biden’s appearance at the 2024 White House Correspondents’ Dinner on Saturday evening, where he received praises and was subjected…
Michael Gove: We need to make anew the case against Labour’s lazy drift back to socialism
Michael Gove is the Secretary of State for Levelling Up, Housing, and Communities, and the Conservative MP for Surrey Heath. This is his foreword to Onward’s new paper ‘A Conservative Economy: Building a fairer and more productive nation’, published today, available here. Conservatism has always evolved. Thinkers from Michael Oakeshott to Sir Roger Scruton have…
Alexander Bowen: Few seem to fall for ‘fake history’ more easily than those who most loudly accuse others of doing so
Alexander Bowen is an MPP-MIA student at SciencesPo Paris and St Gallen specialising in public health. Modern literary criticism was birthed with Roland Barthes’ short treatise The Death of the Author yet in history, and nearly without acknowledgement, a parallel trend has emerged: the Death of the Historian. This death isn’t anything new. Indeed, it’s…
Laura Evans: Here is my plan for Greater Manchester
Laura Evans is the Conservative candidate for Mayor of Greater Manchester. No one knows Greater Manchester better than me! I pledge to be on your side, focusing on crime over cycle lanes; new jobs not new taxes; and green shoots in business over yellow paint on buses. I need your help to connect calls, canvas,…
The U.S., Argentina, and the Importance of Long-Run Growth
I’ve periodically tried to explain that even small differences in long-run growth can lead to immense benefits, including huge reductions in poverty. To illustrate the importance of higher growth rates, I sometimes inform audiences that the United States today would be as poor as Mexico if the American economy had grown 1-percentage point slower over the past 130 years. Needless to say, I…
Dumb Idea of the Month: Currency Devaluation
Five years ago, I shared this video explaining why trade deficits generally don’t matter. The most important thing to understand is that a trade deficit is the same thing as a financial account surplus (formerly known as a capital surplus), which is easy to understand when reviewing this graph. And that type of surplus occurs when foreigners obtain dollars (by selling…
Everything You Need to Know about the Value-Added Tax
While in Sweden last week, I wrote several columns (here, here, and here) about that nation’s fiscal policy. But I also had a discussion about American fiscal policy with one of the tax experts at the Confederation of Swedish Enterprise. That included a discussion of the value-added tax (VAT). If you don’t want to spend a few minutes watching…
Celebrity Breaks Silence on Family’s Move from LA
Candace Cameron Bure, the actress known for her role on “Full House,” recently discussed her family’s decision to leave Los Angeles. In an interview with Fox News Digital, Bure, aged 48, expressed that safety concerns prompted the move. “We didn’t feel safe anymore. And that was the biggest reason that we moved,” she explained. The…