RUTHFULLY YOURS

https://www.frontpagemag.com/fpm/2021/10/elizabeth-warren-lying-money-laundering-socialist-jason-d-hill/

Sen. Elizabeth Warren said on Wednesday October 13, 2021, that billionaires who have enough money to shoot themselves into space, as Jeff Bezos did this summer, will pay for the Democrats’ multitrillion-dollar reconciliation bill that is still being negotiated in Congress.

Before analyzing the pure envy and hatred of the productive benefactors of humanity that lie behind her statement, let us identify Warren for what she is: an equivocating, lying, money-laundering, Ponzi-scheming socialist who lives to expropriate the wealth of others to finance socialist programs. She’s contributed nothing in terms of productive value to society—short of being some pit-bull bureaucratic watchdog who lives for enacting legalized theft and money-laundering schemes, which is what socialism boils down to. She denies the fact that production comes before distribution, and that the wealth she so gleefully wants to appropriate was made possible by the ratified choices of individuals who endorsed Bezos’ products and made him wealthy because he added superlative value to their quality of lives. The notion that billionaires don’t pay taxes is such a case of the Big Lie, that it is not even worth refuting.   

What Warren despises is that Bezos regards his personal welfare, enjoyment, and pleasure—all value-choices that comprise his pursuit of his own happiness which is his inalienable right to do with as he pleases. He neither seeks nor needs the permission of others to live optimally.

Elizabeth Warren is jealous, envious, and filled with rage that he has so much surplus income that he can dare to spend it on what she considers to be a frivolous and wasteful activity. Guess what, Warren? The liberal state by design is supposed to remain agnostic on the question of persons’ conceptions of the good life—provided such choices do not violate the rights of others. She is outraged that he’d rather spend millions on a short trip to space than fund the decrepit and corrupt government schools that teach hatred and bigotry via Critical race Theory; that he doesn’t seem to care about funding historically Black colleges which are a total disaster (they are failing abysmally and graduating semi-literate students); that her tuition-free community college education plan won’t be financed. No one should ever be compelled to finance the education of another person’s child. We are not responsible for the procreative choices of other people. The responsibility for a child’s education lies with the parents.

If you cannot afford to educate a child then don’t have one, just as you would not purchase a house or car if you could not afford to finance them. No one has a constitutional right to have children. And no one’s child can be a necessary social good for anyone but the parents of that child. State schools today (and many private schools) are bastions of indoctrination centers teaching hatred of our great republic, encouraging and practicing cancel culture, weaponizing defiance against authority, decolonizing courses by stripping them of canonical texts, and turning schools into Marxist conduits of Social Justice, radical activism, and social eugenics breeding grounds to transform America into a communist charnel house by canceling human agency, and then history, and then our Constitution. No, Sen. Warren. Some of us are going to devote our lives to defunding all public schools and shutting down government schools. She is incensed that she won’t have her drug-pricing policies and undefined “climate crises” funded and foisted on corporations that would just stifle growth and productivity.

https://www.wsj.com/articles/chinas-hypersonic-wake-up-call-11634596933?mod=opinion_lead_pos2

Most Americans believe the U.S. has the world’s most dominant military, but that dominance is ending. The report that China has tested a new hypersonic missile should alert the country to the growing danger.

“China tested a nuclear-capable hypersonic missile in August that circled the globe before speeding towards its target,” reportsthe Financial Times. Hypersonic missiles are harder to track and destroy than ballistic missiles and could evade U.S. missile defenses.

The hypersonic news follows the discovery this year of hundreds of new missile silos in the Chinese desert, almost certainly for nuclear missiles. This isn’t the behavior of a nation merely interested in defending its sovereignty. China has global ambitions, and they include projecting military power as a way to assert its political and commercial interests.

This is important to understand because the next major war won’t look anything like the last one. The U.S. homeland was spared from most of World War II’s destruction. But the next conflict will feature cyber attacks, hypersonic missiles, and unmanned vehicles using artificial intelligence that put the U.S. at risk of attack from afar. Hiding behind fortress America won’t be possible, if it ever was.

It’s also alarming if the reports are correct that U.S. intelligence was caught off-guard by the hypersonic test. The U.S. has intelligence agencies precisely to prevent surprises like this. The Intelligence Community is made up of some 18 organizations that received $85.8 billion in 2020. Congress should investigate what we’re paying for and what we’re getting.

It would also be helpful to stop assisting the People’s Liberation Army. The Chinese firm Phytium Technology, for example, works with the PLA to conduct research on hypersonic flight, according to the Washington Post.

“While the Biden administration rightly placed Phytium on the Commerce Department’s Entity List, it has not applied the Foreign Direct Product Rule that was successfully used to counter Huawei,” Rep. Mike Gallagher (R., Wis.) said in a statement. As such, he added, U.S.-derived technology produced by the Taiwan Semiconductor Manufacturing Company still enables Phytium’s research.

https://www.wsj.com/articles/build-back-better-tax-increases-subsidies-household-income-11634592447?mod=opinion_lead_pos6

The two sides of a coin are typically regarded as opposites. In the case of President Biden’s $5 trillion Build Back Better bill, the two sides are actually the same. Both the revenue and expenditure provisions of this agenda will cause substantial decreases in employment. The only difference will be how.

The Build Back Better bill would deliver a double blow to an already disrupted labor market. Most of the explicit tax increases in the agenda directly disincentivize investment, which reduces capital, wealth, wages and employment. Meanwhile, the creation of new (and the expansion of existing) employment-tested and income-tested benefits would increase the implicit tax on working.

The tax increases on both corporate and pass-through business income would reduce wage growth by shifting investment out of the business sector, reducing competition and overall investment, and contributing to lower employment. The tax increases on capital gains, as well as increased corporate taxes on foreign profits, would exacerbate these effects.

The expansion of Affordable Care Act subsidies and paid medical-leave mandates would also reduce employment levels by tying benefits to not working. This and other provisions are gifts to unions, helping them achieve the goal of higher wages through reduced labor supply.

The bill would expand the child tax credit for households that earn no income for a full calendar year. Perhaps the bill’s authors are too young to remember the 1996 welfare-reform law, which demonstrated how sensitive single mothers’ work behaviors are to such disincentives.

https://www.gatestoneinstitute.org/17415/sinking-ship-of-state

To be clear, the spending bill is actually the creation of a national debt so massive that it has the means to destabilize a democracy dependent on a functioning economy.

For the Chinese Communist Party, seeking to master the 21st Century as the one global superpower, it represents a strategic victory without so much as firing a single bullet. They know that an economically weakened America cannot possibly sustain its military leadership when it is burdened with paying down a massive debt. Our allies and unaligned nations recognize this threat as well, and will reinvent their relationship with China if they believe America’s best days are in the past.

What makes the Administration believe that Corporate America would not respond with massive restructuring to avoid a confiscatory tax bill — or passing the added cost on to the consumer, or moving the company’s headquarters offshore to a country with a lower corporate rate — to avoid the threat of losing its international competitive edge? Corporations have good accountants, too.

Few debate the idea that our nation’s infrastructure is in need of serious attention but the level of political dishonesty in characterizing the Biden plan as “infrastructure” has even made many in his own party queasy. Significant portions of the bill are earmarked for “environmental” agendas and seeming favors to campaign donors, such as billions in subsidies for electric vehicles. The proposed bill cries out for more sunlight and vast quantities of disinfectant.

This recipe for an economic apocalypse comes at a time when new job creation has stagnated and the specter of a serious inflation has begun to emerge…. As historians will tell you if we have the wisdom to listen, no one escapes the devastation of a debtor nation. No one.

One suspects that historians and economists will consistently agree on one irrefutable fact: nations that allow their economies to bathe in red ink are destined to fail. This failure takes many roads and differs in timing, but massive, uncontrolled national deficits eventually reduce a nation state to being a pauper, a pariah — and pathetic.

Enter Joe Biden’s “American Jobs Plan,” a $2.3 trillion spending scheme that takes some Americans’ most fevered fantasies and wraps them inside an “infrastructure” label in an effort to convince Capitol Hill that the spending is all about roads and bridges. An analysis by the Wharton School places plenty of caution flags on this initiative.