Hardcore Capitalist's Perspective - 12/2/2010

• Taxes Hiked on $250k Earners
  Congress passed an extension of Bush's "middle class" tax cuts, but neglected to pass an extension of the "high income" tax cuts (for people earning over $250,000). Regardless of the fact that most people earning $250,000 are small business owners who take home only a small fraction of that amount after paying taxes, bills, and payrolls, the notion that taxing the people who provide the jobs will not be a tax on "lower classes" is ludicrous.
• Palin Wants Assange Dead
  Sarah Palin says no distinction should be made between Wikileaks spokesman Julian Assange, and Taliban or al Qaeda. Calling for Assange to be assassinated without a fair trial or due process of law, because Assange is exercising the freedom of speech and the press (which the US federal government is absolutely forbidden to abridge in any way), shows that Palin could use some brushing up on the text of the Constitution.
• McCain: Keep DADT
  John McCain think US soldiers are not ready to handle serving side-by-side with openly gay troops. He obviously feels that American soldiers are less mature or emotionally sensible than the soldiers of all the other modern, Western countries that allow gays in the military, since other militaries seem to have no problem with it.
• Boehner Tries to Block Ron Paul from Chairmanship
  According to House rules, Ron Paul, as the senior member of the subcommittee on monetary policy, is due to become the chairman of that subcommittee. Soon-to-be House Speaker John Boehner, however, is looking at ways to subvert the rule to keep the House's most prominent Federal Reserve critic from acquiring the chairmanship. Looks like we shouldn't be expecting any real reform from a Boehner House.
• Portlanders Condemn FBI Tactics in Bomb Plot
  The main goal of terrorism is not actually to destroy people and property. The main goal is to terrorize. Destruction is a means toward that end. Portlanders are condemning the FBI for singling out a Somali-American kid, convincing him to try to commit an act of terrorism, and then providing him with fake resources. Residents say this tactic created far more terror in Portland than if the kid had been merely left alone (unconvinced and unequipped to become a terrorist) and watched by the FBI. In this case, it appears the FBI are the real terrorists.
• Economists Hunt for Post-Crash Model
  Comments David Shellenberger: "No model will enable central banks or government policy makers to succeed at steering the economy. The free market is always superior to central planning. Central banks should close down, and governments should stop interfering in our lives."

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Published at RightOSphere.com.