The Division of Responsibility

Drug Policy, Health Care, The Basics
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It is odd, perhaps, that just as the federal (read: national) government moves to take primary responsibility for our medical lives, the several states are moving in the other direction. The right to self-medicate is, increasingly, being seen as important. First medical marijuana — a slap on the face to federal nannies — and now recreational use, sees advocacy and advance at the state level.

Any advance in taking full responsibility for medicine, on the part of citizens, individuals, goes against the grain of our collectivist age, and sparks some hope.

Of course, in a sense, it seems 35 years behind the time. …

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Lower corporate taxes! (Even for GE.)

Business, Corporatism, Imperialism, Taxation, The Basics
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According to Forbes.com, I should be angry that General Electric pays less taxes than I do:

As you work on your taxes this month, here’s something to raise your hackles: Some of the world’s biggest, most profitable corporations enjoy a far lower tax rate than you do–that is, if they pay taxes at all.

The most egregious example is General Electric. Last year the conglomerate generated $10.3 billion in pretax income, but ended up owing nothing to Uncle Sam. In fact, it recorded a tax benefit of $1.1 billion.

Avoiding taxes is nothing new for General Electric. In 2008 its effective tax rate was 5.3%; in 2007 it was 15%. The marginal U.S. corporate rate is 35%.

General ElectricActually I am less than pleased with GE, but that’s because they possess hefty military contracts that allow our brave freedom fighters to slaughter poor brown people overseas, or whoever else refuses to submit to the empire.  They are, in Lew Rockwell’s words, true merchants of death, one of the worst examples of corporatism in the American economy.

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Libertarians regressing to unsound, and thus, unfair Economics

(Austrian) Economics, Mercantilism, Protectionism, The Basics
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Capitalism (by George Reisman) There is a trend among young and “eternally rebel” types to try and conflate Capitalism and Interventionism and call the mix “Corporatism” at best or just call it “Capitalism.” This of course is not only a conceptual, but also an strategic mistake. …

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Nature’s Bounty (Thanks to Man)

(Austrian) Economics, Statism, The Basics
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In the silly but eminently watchable Travel Channel show, Man v. Food, host Adam Richman visits diners that provide food challenges — dishes so big or so pepper-hot that whoever manages to eat an entire one wins some kind of honor.  Imagine such a diversion during America’s (first) Great Depression.  In fact, it should ever be as Man v. Food paints it; the only famines recorded in the last several centuries have been the direct results of the activities of forcible governments.  Societies always, always can feed themselves abundantly and inexpensively in the absence of governmental wealth-destroying interference.  Watch for evidence of this in your own life while the American economy struggles to absorb the gargantuan economic “stimuli” and control-tightening measures instituted over the last, and the next, few years.

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