October 31st, 2008

Dammit

The LA Times's strange notion of journalistic ethics

The National Review's Andrew McCarthy demolishes the LA Times's claim of journalistic ethics in the case of the videotape of Obama's attendance at a going away party for a PLO mouthpiece. His conclusion is especially damning:

[...]the mainstream media want the right to mislead you, to provide you with a woefully incomplete record, but to deprive you of clarifying information even when it is readily at their disposal. You just have to take their word for what happened, and never you mind the details.

Are you comfortable taking the Obamedia’s word for it? Or do you think you ought to have a look at what Los Angeles Times has unilaterally decided not to show you?
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Dammit

Soaking the rich

Quoted in full from Power Line:

We've been writing for some years about the fact that America's income tax system has increasingly concentrated tax liability among the highest income earners. Currently, the top ten percent of American income earners pay 71 percent of all income taxes. Our excessively progressive tax system has created a dangerous situation in which anyone can vote for politicians who promise to deliver goodies by "spreading the wealth," but only a handful are responsible for paying the bills. Whether a democracy can survive indefinitely under these circumstances is an open question.

A new report by the Organization for Economic Cooperation and Development (OECD) shows how extreme the progressivity of our tax system has become. The U.S. "has the most progressive tax system and collects the largest share of taxes from the richest 10% of the population." That's right: our tax system is more progressive than Sweden's.

More:

The table also shows that the U.S. collects more household tax revenue [income plus social security taxes] from the top 10 percent of households than any other country and extracts the most from that income group relative to their share of the nation's income.


Barack Obama and the Democratic Congress now promise to exacerbate the unfairness of our tax system by concentrating tax liabilities even more exclusively among high income earners. Apart from the long-term economic consequences of such a policy, it is simply unjust.


Of course, those who engage in the politics of envy will advance the Marxist dogma that nobody needs that much money, and so it's only fair that they should give more to the government so it can be redistributed to those who are less fortunate.

Horseshit and hogwash.
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