Since the 1990s, U.S. corporations have been subject to one of the highest statutory tax rates in the world. The high rate has caused them to rearrange their affairs to avoid investing, especially in lines of business subject to the full rate, and thereby reducing productivity and workers’ wages.
If the U.S. wants to succeed at democratic regime change, it can’t act like a fire brigade: Rush in, flood the place, then head back home. Josef Joffe reviews ‘Realism and Democracy’ by Elliott Abrams.
Many tweeters have been making fun of the following Dianne Feinstein tweet: "The Republican tax bill caps the mortgage interest deduction at $750,000 for new mortgages. In California, seven counties have average home prices that are more than $750,000: Alameda, Marin, Orange, San Francisco, San Mateo, Santa Clara and Santa Cruz counties. #GOPTaxScam"
Dogs bark, cows moo, and regulators regulate,” former U.S. Food and Drug Administration commissioner Frank Young once quipped to explain regulatory agencies’ expansionist tendencies. There may be no better example than the FDA’s oversight of genetically engineered animals.
Would you build a house if you knew anyone who wanted to could simply move into it? Would you add a swimming pool if you knew your annoying neighbors and their obnoxious screaming kids could throw a pool party in your backyard whenever they wanted?
Those on the left want to talk about redistributing wealth but have very little interest in the most fundamental issue, which is how wealth is created. Where does it come from? Why, when we look around the world, are some countries so much more prosperous than others? Or why, when we look at our own country, do we go through periods that are more prosperous than others?
In an op-ed for The Washington Times, Henry Miller urges the court to review Weyerhaeuser United States Fish and Wildlife Service, in which “the government seeks to seize control of land it does not own, to protect an endangered species of frog that does not live there, force private landowners to tear down a healthy native forest, and install at landowner expense a new forest the landowner does not want.”