Displaying posts published in

May 2023

King Joe’s EV Stamp Act: Where’s the Outrage?  Bob Maistros

https://issuesinsights.com/2023/05/12/king-joes-ev-stamp-act-wheres-the-outrage/

Where’s the outrage?” implored Bob Dole in 1996, regarding the lack of Clinton administration accountability on Chinese campaign cash, illegally obtained FBI personnel files, and rushing potentially criminal immigrants through naturalization.

Occasioning the reminiscence: the recent EPA mandate to electrify 67% of vehicles in just nine years.

Why so little fuss over King Joe’s Stamp Act: an outrageous, unjustified, immoral, and economy-wide act of taxation without representation, regulation without delegation, and downright despotism? 

After all, the 1765 enactment under George III helped ignite a revolution. Historians highlight the colonials’ belief that being compelled to employ London-produced, tax-stamped paper was not about its ostensible purpose: paying for the continent’s defense. Rather, it was to keep the Americans in their place by sustaining British patronage, privilege, and most of all, power.

Patronage via sops to surplus redcoat officers and mercenaries stationed here. Privilege in suppressing the rise of a professional class through disproportionate levies on lawyers’ and students’ supplies.

And power in undemocratically reinforcing the principle of unrepresentative royal and parliamentary supremacy over elected colonial assemblies. 

Plan an insinuation of British control throughout the economy and culture by taxing everything from legal documents to newspapers, pamphlets, almanacs, and even dice and playing cards – in all, more than 40 categories.

Fast forward to 2023 and the Biden regime’s corrupto-cratic diktat to consign internal combustion engines to history’s junkyard. Like the handiwork of King Joe’s across-the-seas predecessor and his Parliament, the new standards have nothing to do with “fuel economy” (their initial purpose in 1970s, oil embargo-scarred America), climate, or even cars.

Top U.S. “Non-Profit” Hospitals & CEOs Racked Up Huge Pandemic Profits The top 20 hospitals pocketed $23 billion in Covid-aid from taxpayers. They profited from the pandemic while ignoring price transparency rules. Patient costs soared while life expectancy plummeted. Adam Andrzejewski

https://openthebooks.substack.com/p/top-us-non-profit-hospitals-and-ceos

OpenTheBooks.com auditors investigated America’s healthcare system and found so-called “non-profit” hospitals and their CEOs are getting richer while the American people are getting sicker and poorer.

Topline

The 20 largest non-profit hospitals in the country continued making massive profits while their cumulative net assets soared to $324.3 billion in 2021 from $200.6 billion in 2018. The year 2021 is the latest year available for cross-comparison purposes.

Those hospital systems received congressional Covid bailouts of $23 billion and only two providers partially paid their Covid bailout back.

Meanwhile, hospital executives racked up Wall Street-sized compensation packages which frequently exceeded $10 million per year. For example, the CEO at Ascension Healthcare based in St. Louis, Missouri made $13 million in 2021 – with three-year pay exceeding $22 million.

Furthermore, American life expectancy during this period sharply declined by a staggering 2.5 years from 2019 through 2022. While “comparable country averages” rebounded from a Covid-related drop in 2021, the U.S. continued declining in life expectancy.

Yet, the cost of health care is still astronomically high, as the average family paid $22,463 in health insurance premiums in 2022. That does not include out-of-pocket costs like co-pays and deductibles, which can be thousands more.

This has led to medical debt for about 100 million Americans.

In 2020, the Trump administration issued, and the Biden administration finalized (January 2021) a healthcare transparency rule – to spur market competition and inform patients.

Yet, two years after the rule took effect, an independent audit found that nearly three-quarters of hospitals in the country were not complying— flouting the mandate that prices be posted clearly and comprehensively.

The EPA’s Latest Power Grab Undaunted by the Supreme Court, it issues another proposal that would make it hard to keep the lights on.By Justin Schwab

https://www.wsj.com/articles/the-epas-latest-power-grab-power-plant-proposal-clean-air-act-climate-change-emissions-ff0f1890?mod=opinion_lead_pos7

The Biden administration’s new power-plant proposal, announced Thursday by the Environmental Protection Agency, would hobble the natural-gas industry. In the process it would make electricity more expensive, cause more blackouts and brownouts, and force Americans to pay more for less energy.

The proposed rule would require most existing gas- and coal-fired power plants to cut their carbon-dioxide emissions by 90% or more over the next 10 to 15 years—up to 96% for the largest and most heavily used plants. Newly constructed gas plants, as soon as they start up, would immediately have to meet standards based on the most efficient—and most expensive—generating equipment, reaching the same 90%-or-higher reduction over time. These massive cuts assume the use of carbon capture and other, even less proven measures.

This is more than misguided policy. It’s legally dubious, and the agency knows it. But the Biden administration’s urgent goal is shifting how markets allocate capital among types of energy before a potential power shift in Washington next year, with little regard for the longer-term effect on American families and businesses.

Section 111 of the Clean Air Act requires the EPA to consider cost when determining whether a “system of emission reduction” is “adequately demonstrated.” In other words, EPA regulations can’t be too expensive, and must be grounded in technical and market realities. But Thursday’s proposal is based mainly on assumptions that plants will employ carbon capture and hydrogen co-firing—replacing the natural gas the plant was designed to run on with hydrogen gas—which impose exorbitant costs on electricity producers and haven’t yet been used at scale. These technologies are, at best, many years away from viability even with large subsidies under the so-called Inflation Reduction Act. In tacit admission of this reality, the Biden administration’s proposed rule would instead create an incentive for many existing power plants to shut down, allowing those that close by 2032 to avoid any new requirements in the interim.

Racial-Affinity Calculus Progressives return to the days of ‘separate but equal’ education.

https://www.wsj.com/articles/evanston-township-high-school-equity-calculus-brown-v-board-of-education-progressives-chicago-education-c0650a21?mod=opinion_lead_pos3

“If there’s any “systemic” racism in American education today, it is refusing to fix or close the failure factories that are too many K-12 schools. Who would have thought that, nearly 70 years after Brown v. Board, progressives would endorse “separate but equal” to cover for educational failure?”

Twenty years ago George W. Bush struck a political chord by arguing that settling for low achievement in schools was “the soft bigotry of low expectations.” Today our educators are defining expectations down and lowering standards in the bargain.

School districts in California this year have cut honors classes because they didn’t enroll enough minority students. Colleges are dropping standardized tests for admissions. Now comes an Illinois high school that will offer Advanced Placement calculus classes specifically for black and “Latinx” students.

In its 2023-2024 course catalog, Evanston Township High School (ETHS) offered two AP calculus classes for racial affinity groups. The first was “restricted to students who identify as Latinx.” The second was open only to “students who identify as black.” When the race-exclusionary classes made headlines, the school tweaked the descriptions to say that “while open to all students, this optional section of the course is intended to support students who identify as Black.”

The tweaked language is intended to avoid a civil-rights lawsuit since the Supreme Court ruled in Brown v. Board of Education in 1954 that a “separate but equal” education policy based on race is unconstitutional. We’ll see if that works as a legal dodge, but the clear and depressing message is that black and Hispanic students can’t achieve at the same level as white or Asian students. Will the standards for the calculus classes also be different based on race?