The forgotten lesson of Thanksgiving

November 24, 2016

Happy Turkey Day, everyone.

I remember in grammar school we used to be taught the “lessons of Thanksgiving,” including such wonderful things as sharing and gratitude. It seems one lesson never gets taught, though, and so reporter John Stossel wrote to remind us of it in this 2010 article:

Had today’s political class been in power in 1623, tomorrow’s holiday would have been called “Starvation Day” instead of Thanksgiving. Of course, most of us wouldn’t be alive to celebrate it.

Every year around this time, schoolchildren are taught about that wonderful day when Pilgrims and Native Americans shared the fruits of the harvest. But the first Thanksgiving in 1623 almost didn’t happen.

Long before the failure of modern socialism, the earliest European settlers gave us a dramatic demonstration of the fatal flaws of collectivism. Unfortunately, few Americans today know it.

The Pilgrims at Plymouth Colony organized their farm economy along communal lines. The goal was to share the work and produce equally.

That’s why they nearly all starved.

They nearly starved because too few people were willing to work hard to make the land productive enough to feed everyone, knowing they could still draw from the communal pot regardless of their (lack of) effort. Hence, not enough food was produced and the Colony nearly died.

But it didn’t. Having seen the failure of communalism and a planned economy, the colony’s leaders decided to divide the land into plots of private property and make each family responsible for their own livelihood. The results, as reported by Governor Bradford were amazing:

“This had very good success,” Bradford wrote, “for it made all hands very industrious, so as much more corn was planted than otherwise would have been. By this time harvest was come, and instead of famine, now God gave them plenty, and the face of things was changed, to the rejoicing of the hearts of many.”

In other words, private property and a free market made prosperity possible, while Socialism nearly got everyone killed.

Read the rest before you settle down to turkey and football (and the inevitable food coma), and let’s keep this forgotten lesson in mind.

Enjoy the day, folks!

(Crossposted at Sister Toldjah)


“You cannot legislate the poor into freedom”

November 15, 2016

Still holds true after 85 years:

Adrian Rogers redistribution

Source: Someone on Twitter or Facebook, can’t recall whom.

But it’s the thought that counts.


#Ferguson: How about justice for these victims?

November 25, 2014

Somebody want to explain to me what Natalie DuBose did to deserve having her hopes and dreams burned to the ground?

Per PJMedia:

One of those businesses was a cake store, Cakes and More, owned by Natalie DuBose. DuBose sold cakes at flea markets while she saved up to open up her own store so she could feed her kids and succeed.

She did succeed, only to have the rioters destroy her business among the nearly three dozen businesses that were looted or burned or both.

Another that I heard about was a Little Caesar’s pizza place. Mostly likely a franchise operation. In other words, a small businessman or businesswoman. Now it’s gone, burned to the ground, along with the jobs it provided. Vandals and thieves laying to waste what took years to build. This is “justice?”

Will any of the race-panderers in the Congressional Black Caucus call for justice for Natalie DuBose and the other small business people harmed last night by the rioters?

No, I’m not holding my breath.

PS: An update on Ms. DuBose. She show far more generosity of spirit than I’d likely be able to manage.


(Video) 1948 cartoon: “Make Mine Freedom!”

July 7, 2014

Here’s a neat animated short from almost 70 years ago that does a darned good job showing the differences between a society based on individual liberty and the free market, on the one hand, and those based on statism (Socialism, Communism, and Fascism) on the other. It makes good use of humor to get its point across:

Nowadays, I think we could add another “-ISM” to that patent medicine’s list of ingredients: the religious totalitarianism of Islamism.

Via Dan Mitchell, this was part of good post on how the Left was wrong about unemployment insurance.

(Crossposted at Sister Toldjah)


#Obamacare: at last, CNN finds someone thrilled with it!

November 2, 2013

At long last, we’ve found people genuinely excited by our new, state-run healthcare system: strippers, escorts, dominatrices and other sex-workers!

Only in California, my friends, and only in San Francisco:

A burlesque dancer dressed as a nurse taunts her co-performer with a toy syringe, dangling the medicine seductively in an act that’s meant to reflect the cat-and-mouse game of U.S. healthcare. They shimmy and eventually end up topless.

The risqué performance was part of an Obamacare registration drive last week in San Francisco, dubbed the “Healthy Ho’s Party.”

Organized by “Siouxsie Q,” a Bay Area sex worker, the event was meant to encourage other sex workers to enroll in the new insurance exchanges. It was a rousing success: Nearly 40 men and women attended and almost all of them filed enrollment paperwork.

In the all-cash, off-the-books sex industry, workers can be particularly high risk and insurance is often out of reach. Many sex workers — a broad term that can refer to a number of services, including sexual massage, prostitution, and escort and dominatrix work — consider themselves self-employed entrepreneurs who can’t afford to purchase healthcare. But that could all change with the Affordable Care Act.

The article then continues with the usual pro-Obamacare tale: insurance for “Siouxsie” and her partner was too big a chunk of their income, plus, given the risks of their “professions,” coverage was more expensive or often unobtainable altogether. With guaranteed coverage and publicly funded subsidies, plans become affordable. Yay!

Well, not so fast. First, as the article notes, subsidies kick in for incomes under $46,000. Many of these women have “regular jobs” — the sex trade is extra income. The article strongly implies that this latter income isn’t being reported. So, there’s a strong possibility of one degree or another of fraud here. But, hey, Obama doesn’t care; they’re not verifying income, anyway.

Second, before jumping with joy, these ladies and gentlemen would be well-advised to check into co-pays, deductibles, and just who is included in their new network, since all of these are already being recognized as problems. (And, to be clear, Obamacare critics have been warning of this for years.) It’s not for nothing that one person described the low-cost plans as “garbage.”

Remember, if something seems too good to be true, it usually is.

Finally, I need to deal with one truly egregious statement that’s indicative of much that’s wrong these days:

“I really do think access to healthcare should be a human right, and I’ve been so brainwashed to think it’s such a privilege,” a sex worker and activist known as “Maxine Holloway” said.

Sorry, Maxine, but healthcare is neither a right nor a privilege: it is a commodity, the fruits of the labor of other people (doctors who have to pay to attend medical school, companies that make the medical instruments, &c.) that is traded for the fruits of still other people’s labor — the money they earn.

Nothing you pay money for is an inherent, natural right. To declare health care a “right” everyone is entitled to, you have to take from someone else, if need be by force, their property, whether it is their time and labor, or the products they produce. Force them to sell something for less than what it is worth or to provide it “free,” and you are effectively stealing from them, even enslaving them. For the government to demand that taxpayers pay far more than they need to for insurance in order to subsidize your medical procedures is no different than a medieval lord taking a farmer’s grain crop and giving it to his favorites.

Look at it from another point of view: assume that one day sex is declared a human right, and that you, as a sex-worker are required to provide it at less than what you think your services are worth, which is analogous to what happens to a doctor under Medicare. (1) Would you be happy with that, Maxine? Would you think it right? Or would you feel oppressed and used?

Put it this way: What the government gives you, it can easily take. Or force you to provide.

PS: For the record, I have nothing against the “sex trade,” as long as all participants are adults engaging in it of their own free will. I suppose this is one place where the “libertarian” part of my self-description as a “conservative with libertarian leanings” comes into play — individualism, liberty of contract, free enterprise and entrepreneurialism, &c. Or, put another way, within broad bounds, it’s none of government’s (or my) business. In fact, I suspect that Siouxsie and Maxine and their friends are far more honest about what they do than the Obama and his team have ever been about their intentions. Given my choice of people to hang around with…

via ST

Footnote:
(1) This is a mistaken analogy on my part, for practices aren’t required to take Medicare and Medicaid patients. Doing so is voluntary on their part, much like pro bono work by attorneys. For a Democrat proposal that would change this, though, see this…

(Crossposted at Sister Toldjah)


Personal Retirement Accounts Are Great…but only if You Can Stop Future Politicians from Confiscating the Accumulated Wealth

September 8, 2013

Let’s not give Obama any ideas, shall we?

International Liberty

Most Western nations have huge long-run fiscal problems because of unfavorable demographics and misguided entitlement programs.

That’s the bad news.

The good news is that dozens of nations have fully or partially shifted to mandatory private savings as a pro-growth way of modernizing bankrupt tax-and-transfer Social Security systems.

But good news in the short run doesn’t mean good news in the long run if greedy politicians decide to loot the wealth accumulated in personal retirement accounts.

That’s already happened in Argentina and Hungary, and now it’s happened in Poland. Here’s part of a Financial Times report about the government stealing money from private pension funds.

Poland’s government on Wednesday took an axe to part of the country’s pension system in a bid to bolster public finances. Premier Donald Tusk said that part of the country’s obligatory pension system run by private funds would be dramatically revamped, with 120bn zlotys ($37bn)…

View original post 546 more words


Hide your IRAs: Obama admin. — “We think you’ve saved enough!”

April 12, 2013
"Shakedown"

“We’re here for your fair share.”

Or maybe it’s the off-ramp to Cyprus.

Over at lefty blog Talking Points Memo (h/t Joel Gehrke), Brian Beutler has noted an interesting item in the White House’s latest budget proposal: a cap on the amount one is allowed to save in tax-deferred accounts. Anything over that is open to the taxman.

Per the budget, “Individual Retirement Accounts and other tax-preferred savings vehicles are intended to help middle class families save for retirement. But under current rules, some wealthy individuals are able to accumulate many millions of dollars in these accounts, substantially more than is needed to fund reasonable levels of retirement saving.”

But how would they close this loophole?

One way experts believe financial managers avoid the current annual contribution limit to IRAs is by using IRAs to participate in investments and assigning those investment interests a nominal value vastly below fair market.

Obama wouldn’t curb this practice directly. Instead his budget calls for an overall cap of about $3 million on the net balance across all of an individuals’ tax-preferred accounts. Only have one IRA? It can hold $3 million. Have three? Their holdings must sum to $3 million or less.

The $3 million figure is approximate. A formula would set the cap at a level just high enough to finance an annual distribution of no more than $205,000 per year in retirement for someone retiring this year.

Now, I can imagine TPM is just thrilled with this; it just reeks of class warfare disguised as “fairness.” We’ve got “reasonable levels” (Defined by whom? Oh, wait…) and the ever popular “loophole,” with its scent of someone getting away with something, cheating the rest of us.

What the administration is talking about, I believe, are self-directed IRAs  and other retirement vehicles that allow you to invest your money where you see fit (1). When you sell the stock and withdraw the funds, under the rules you’re taxed at a much lower rate. It’s a great vehicle for wealth creation and the encouragement of saving for retirement.

And that’s what they can’t stand. The rules as written prevent them from taxing this sheltered wealth to fund their bloated spending, so they’re going to change the rules. Oh sure, they say this is aimed the the “Romneys” of the world, those rich people who have sheltered more the $3 million, but how long do you think that barrier will last? About as long as it takes them to realize they need more.

Rocco always wants more.

This idea to tax sheltered money isn’t new; FDR, to whom Obama acolytes compare him, has his own undistributed profits tax, to punish businesses that were holding on to cash. (Look out, Apple!) That scheme blew up in Roosevelt’s face as business investment collapsed and the nation entered a new recession in 1937-38. You can bet a move like this would have its own unintended consequences, which the social engineers at Team Unicorn would blame on anyone but their own ham-handed, grasping, greedy policies.

This is progressivism showing its face as Leviathan. Forget that it was your skill and acumen and good habits that accumulated that wealth (and, through investing it, helped others by creating jobs, &c.); forget that this is, in the end, your money, yours to dispose of as you see fit, beyond that portion needed to fund the basic functions of government.

Forget all that.

The administrative state beloved by progressives knows what’s best. It has its plans and goals for us all, because it has divined the national will. Thus all the resources of the nation are at its disposal to meet those goals.

Including your retirement accounts.

This budget is dead on arrival, thank Heaven, but don’t think this scheme is going away. Oh, no. Once broached, it’s out there, waiting.

PS: I wonder if this is where Obama got the idea?

Footnote:
(1) You know: your money, your property, your liberty.

(Crossposted at Sister Toldjah)