POLITICS

Abolition of Income and Inheritance Taxes Under Capitalism (Part 5 of 10)

A possible way to start on the elimination of the income/inheritance tax right now would be to fight for the immediate adoption of a universal exemption of at least 51 percent of everyone’s income from federal, state, and local income taxation under all circumstances.

Who Buried Capitalism?

A journalist wrote me the following: “I always say both Democrats and Republicans want to transfer wealth. Democrats want to take from the rich and give to the poor. Republicans want to take from the poor and give to the rich. This [proposed government bailout]...

Scaring Us to Death

There is a H.L. Mencken quotation that captures the essence of this year’s politics: “The whole aim of practical politics is to keep the populace alarmed, and hence clamorous to be led to safety, by menacing it with an endless series of hobgoblins, all of...

Dealing with Russia

On Aug. 8, Russia decided to rewrite the rules of post-World War II European security. It repudiated the Helsinki Pact of 1975, which recognized the sanctity of borders in Europe, and violated the sovereignty and territorial integrity of NATO aspirant Georgia, whose...

The High Cost of Racial Hype

The High Cost of Racial Hype

Sometimes you don’t know when you are lucky. Certainly I did not consider myself lucky when I left home at seventeen and discovered the hard way that there was no great demand for a black teenage dropout with no experience and no skill. In retrospect, however,...

Idols of Crowds

Idols of Crowds

To find anything comparable to crowds’ euphoric reactions to Obama, you would have to go back to old newsreels of German crowds in the 1930s, with their adulation of their fuehrer, Adolf Hitler.

Academic Mismatch II

Last week’s column demonstrated the harm, suffered by black students, that results from law school race-based admission policies. The bottom line was that black students who might have done well at lower-tier law schools were recruited to more highly competitive...

The Vision of the Left

The Vision of the Left

Conservatives, as well as liberals, would undoubtedly be happier living in the kind of world envisioned by the left. Very few people have either a vested interest or an ideological preference for a world in which there are many inequalities. Even fewer would prefer a...

2008 Presidential Elections: McBama vs. America

As the 2008 presidential election nears, and while John McCain and Barack Obama struggle to distinguish themselves from each other in terms of particular promises and goals, it is instructive to observe that these candidates are indistinguishable in terms of...

Academic Mismatch I

Which serves the interests of the black community better: a black student admitted to a top-tier law school, such as Harvard, Stanford or Yale, and winds up in the bottom 10 percent of his class, flunks out, or cannot pass the bar examination, or a black student...

Foreign Policy “Experience”

Foreign Policy “Experience”

Now that the Democrats have recovered from the shock of Governor Sarah Palin’s nomination as the Republican’s candidate for vice president, they have suddenly discovered that her lack of experience in general– and foreign policy experience in...

Anarchy on the Internet

Anarchy on the Internet

The Internet provides vast amounts of information but it can also spread vast amounts of misinformation, or even deliberately misleading disinformation. For more than two weeks, scarcely a day has gone by without e-mails pouring in to me, asking about columns that...

Is College Worth It?

As parents pack their youngsters off to college, they might ask themselves whether it’s worth both the money they will spend and their children’s time. Dr. Marty Nemko has researched that question in an article aptly titled “America’s Most...

Random Thoughts: August 2008

Random Thoughts: August 2008

Random thoughts on the passing scene: If you took all the fraud out of politics, there might not be a lot left. The reason so many people misunderstand so many issues is not that these issues are so complex, but that people do not want a factual or analytical...

Why the Free Market Works

By taking a couple of courses in economic theory, we could immunize ourselves from nonsense spouted by politicians and pundits, but in the meantime check out Professor John R. Lott’s “Freedomnomics: Why the Free Market Works.” His first chapter is...

Amateurs Outdoing Professionals

Amateurs Outdoing Professionals

When amateurs outperform professionals, there is something wrong with that profession. If ordinary people, with no medical training, could perform surgery in their kitchens with steak knives, and get results that were better than those of surgeons in hospital...

Georgia on Our Mind: On the Russian Invasion of Georgia

Georgia on Our Mind: On the Russian Invasion of Georgia

What is happening in the republic of Georgia is all too reminiscent of what happened back in 1956, when Russian tanks rolled into Hungary– and the West did nothing. An argument might well be made that, realistically, there was nothing the West could have...

Patterns of Black Excellence in Education

Most people know the tragic state of black education today. We know that billions of dollars are spent on federal government programs such as No Child Left Behind and the billions spent by state and local governments. If you were to ask an education...

Whose “Special Interests”?

Whose “Special Interests”?

We take it for granted that a vote means a secret ballot but it was not always that way. Moreover, it will not remain that way for workers who vote on whether or not they want a labor union, if legislation sponsored by Congressional Democrats and endorsed by Senator...

Senator Obama and The Galbraith Effect?

Senator Obama and The Galbraith Effect?

Many years ago, when I was a college student, I took a course from John Kenneth Galbraith. On the first day of class, Professor Galbraith gave a brilliant opening lecture, after which the students gave him a standing ovation. Galbraith kept on giving brilliant opening...

A Nation of Thieves

Edgar K. Browning, professor of economics at Texas A&M University, has a new book aptly titled “Stealing from Each Other.” Its subtitle, “How the Welfare State Robs Americans of Money and Spirit,” goes to the heart of what the book is...

Bad “News”

Bad “News”

We have forgotten so much about the immediate aftermath of the September 11, 2001 terrorist attacks that many people may not remember the deadly anthrax spores that were mailed to various prominent people in politics and in the media during that time. None of the...

The Gratingest Generation

The Gratingest Generation

If our era could have its own coat of arms, it would be a yak against a background of mush. This must be the golden age of endless and pointless talk. Every sports events seems to be preceded by all kinds of talk — whether by athletes repeating cliches that we...

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