Audio Clips

30 May 2013

Freedom For Me, But Not For Thee

This is classic hypocrisy, this time coming from lunatics who claim to "fight to the death to have everybody be able to say their opinions!"  You know, unless we don't like you.  That means you, Koch brothers, you filthy animals!

23 May 2013

Social Security: Really Our Best Retirement Option?

Learn Liberty and Antony Davies put together a great 4 minute illustration of how poorly your Social Security "investment" is serving you.

21 May 2013

Apple Grilled for Paying Less in Taxes Than McCain Thinks They Should

Today Apple CEO Tim Cook and other Apple executives were dragged in front of a Senate committee to answer for not paying as much in taxes and Senators Carl Levin and John McCain think it should.  Just as a quick reminder, corporations don't pay taxes.  Now Mr. Levin and Mr. McCain may be forgiven for not knowing this because they are, you know, senators.  We as taxpayers, however, need to know the truth.  That is, corporations don't pay taxes, people do.

Corporations are a structure for the purpose of running a business. Corporations are owned by the shareholders and sell goods or services to their customers. When a corporation "pays taxes" it is either excess money that they have collected from their customers or part of the profit margin that would go to the shareholders. In other words, the taxes that are paid by corporations are really paid by the shareholders of that corporation or the customers. Corporations don't pay taxes. People pay taxes.  Whatever percentage of the total U.S. tax burden was paid by corporations was actually paid by you instead. You paid for it in the price of the goods and services you bought or you paid for it in lower earnings from the stocks that you own.

For a couple of great videos on this from Walter Williams and Milton Friedman just look below.

16 May 2013

David Boaz: Scandals Erode Faith in Benevolent Government

David Boaz of the Cato Institute (who also wrote a great book on Libertarianism) highlighted today the natural consequences that are coming from the three scandals plaguing President Obama's administration right now.  President Obama and Eric Holder wield the "I didn't know anything about it" defense as if it provides them a golden halo.  Instead it highlights the inherent problem of letting the federal government assume too much control and power.  As it grows larger its abusive nature becomes more obvious.  Most of the powers that the federal government has assumed over the past 50 years should be retained by the states and counties of our great nation.

Scandals Keep Eroding Our Faith in Benevolent Government

George Will, Michael Gerson, and our own Gene Healy are among the columnists who reminded us – in the wake of the IRS and AP snooping scandals – of President Obama’s stirring words just two days before the IRS story broke:
Unfortunately, you’ve grown up hearing voices that incessantly warn of government as nothing more than some separate, sinister entity. . . . They’ll warn that tyranny is always lurking just around the corner. You should reject these voices.
No road to serfdom here. Just us folks working together, to protect ourselves from sneaky reporters and organized taxpayers.
And now lots of people are noting that a series of scandals in government just might undermine people’s faith in government. John Dickerson of Slate writes:
The Obama administration is doing a far better job making the case for conservatism than Mitt Romney, Mitch McConnell, or John Boehner ever did. Showing is always better than telling, and when the government overreaches in so many ways it gives support to the conservative argument about the inherently rapacious nature of government….
Conservatives argue that the more government you have, the more opportunities you will have for it to grow out of control.
And Paul Begala, the Bill Clinton operative, notes:
This hurts the Obama Administration more than similar issues hurt the Bush administration because a central underpinning of the progressive philosophy is a belief in the efficacy of government. In the main almost all of the Obama agenda requires expanding folks’ faith in government, and these issues erode that faith.
“Faith in government” indeed. To paraphrase Oscar Wilde, putting your faith in government is, like a second marriage, a triumph of hope over experience.
But most particularly this week I’m reminded of Murray Rothbard’s comment in 1975 about what the era of Vietnam, Watergate, and stagflation had done to trust in government:
Twenty years ago, the historian Cecelia Kenyon, writing of the Anti-Federalist opponents of the adoption of the U.S. Constitution, chided them for being “men of little faith” – little faith, that is, in a strong central government. It is hard to think of anyone having such unexamined faith in government today.
Another 38 years later, it should be even more difficult to retain such faith.