The Myth of American Inequality by Stephen Barrows

https://rlo.acton.org/archives/124306-the-myth-of-american-inequality.html

The notion of rising income inequality has permeated modern American discourse and is assumed as inherent to our economic system such that any claim to the contrary is easily dismissed as ignorance or insincerity. Indeed, The Myth of American Inequality: How Government Biases Policy Debate is a rather jarring title. American inequality a myth? Yes, claim Phil Gramm, Robert Ekelund, and John Early. To show we have been misled, the authors dive into the obscure world of bureaucratic statistics. In the process, they fearlessly confront the dominant narrative and demonstrate that government’s ambitious tax and transfer programs have substantially mitigated income inequality (properly measured) while incentivizing idleness.

All three economists bring impeccable credentials to the subject. Ekelund’s scholarly career has been especially prolific, while Gramm and Early contribute unique insights as a former U.S. senator and former assistant commissioner of the Bureau of Labor Statistics, respectively. Together they make a formidable team, capable of making sound methodological judgments, dissecting measurement challenges, and clarifying ambiguous terms. Their goal “is to start a debate, not to end one.” This is a great service, especially for those who wrongly assume that Thomas Piketty’s Capital in the Twenty-First Century was the last word on the subject.

The authors make several opening claims, which set the tone for the remaining chapters. Consider these three: government transfer payments have increased massively during the past half-century; the Census Bureau in 2017 counted a mere one-third of transfer payments as income for those who received them; and net income inequality has actually fallen by 3% since 1947. The first claim is perhaps unsurprising. The second pleads for further investigation—why not count subsidies? Yet the third claim gets to the heart of the book: Just what, exactly, do the reported inequality statistics actually measure? Are they measuring the income people are earning through work, or are they accounting for the net income they possess after taxes, transfers, and benefits?

The law of unintended consequences: How federal judges may be driving up crime rates by Alison Siegler and Brandon Buskey,

https://thehill.com/opinion/congress-blog/3906121-the-law-of-unintended-consequences-how-federal-judges-may-be-driving-up-crime-rates/

Despite the fact that tough-on-crime rhetoric may have cost them votes in the midterms, prominent Democrats continue to double down on calls to roll back bail reform. Earlier this month, New York Gov. Kathy Hochul (D) doubled down on her calls for bail reform efforts to be walked back, urging legislators to expand judges’ ability to lock up the accused while awaiting trial.

She’s not alone. New York City Mayor Eric Adams (D) has been beating the drum against bail reform for months — and New Jersey lawmakers recently introduced a bill to scale back the state’s landmark bail reforms. Amid growing concerns about violent crime, politicians have seized on the idea that locking people up before trial leads to safer streets.

The problem is that decades of research show that mass pretrial incarceration actually undermines public safety. And a new study from Professor Siegler’s Federal Justice Clinic at the University of Chicago Law School suggests that judges are making the problem worse.

According to one well-known study, locking even low-risk arrestees in jail for just two or three days increased the likelihood that they are arrested for a new crime by 40 percent. What’s worse, people jailed pretrial often lose their jobs, homes, and custody of their children. 

Lori Lightfoot’s defeat is a call to action for Democrats on crime by Douglas E. Schoen

https://thehill.com/opinion/campaign/3897641-lori-lightfoots-loss-is-a-call-to-action-for-democrats-on-crime/

Chicago Mayor Lori Lightfoot’s (D) stunning loss in her bid for reelection should serve as a warning to Democrats: Even in the most liberal areas, a perceived failure by those in power to address surging crime will bring undesirable electoral consequences for the party. 

It is essential to recognize that Lightfoot’s underperformance was not an isolated incident; rather, it was one of many instances over the last two years where voters in blue states and cities explicitly rejected ostensibly soft-on-crime Democratic candidates and policies. 

Unless Democrats course-correct by assuming a tougher stance on the issue at the national and local level — akin to the positions Joe Biden adopted when he was in the Senate, as well as those of current New York City Mayor Eric Adams (D) — the party could lose control of the Senate and the White House in 2024, while also solidifying their position as the minority party in the U.S. House.  

Democrats lost control of the U.S. House in November largely because of the failures of New York Gov. Kathy Hochul (D) and Democratic congressional candidates in the state to address public safety, a position which Former Speaker of the House Nancy Pelosi (D-Calif) has candidly articulated.  

Indeed, Hochul, who barely paid lip service to the state’s crime problem, won her race by just under six points against a Trumpian Republican, Lee Zeldin, who made public safety the focal issue of his campaign. To put this in perspective, Democrats have a statewide registration advantage of 3.6 million voters in New York, yet Hochul won by just 325,395 votes. 

Vast Majority Of Americans Oppose Corporate Diversity Quotas, Poll Shows: Laurel Duggan

https://dailycaller.com/2023/03/16/americans-oppose-corporate-diversity-quotas-poll-crc/

The vast majority of Americans believe U.S. companies should hire executives based solely on merit, character and quality, according to a CRC Research poll shared exclusively with the Daily Caller News Foundation.

Among respondents, 87% supported a merit-based approach, compared to 8% who supported a quota system for race and gender and 5% who were unsure or refused to answer, according to the CRC Research poll conducted for the 85 Fund. The pattern held true across political affiliations, with most Democrats, Republicans and independents favoring a merit-based hiring approach for executives.

At 93%, Republicans were only slightly more likely to oppose racial and gender quotas in corporate hiring compared to other groups: 90% of independents and 86% of Democrats supported a merit-only hiring approach, according to the poll.

“Instead of simply finding the best people to serve their customers, companies utilizing these quotas admit that they are prioritizing catering to extreme Leftists over the people who actually purchase and use their products,” Will Hild, Executive Director of Consumers’ Research, told the Daily Caller News Foundation. “As we have seen with SVB, there are real-world consequences when businesses focus on identity politics over their core business.”

Silicon Valley Bank (SVB) collapsed Friday in one of the largest bank failures in history, and some have linked the failure to the bank’s massive spending on left-leaning initiatives.

2023 demographic update: no Arab demographic time bomb Yoram Ettinger

https://bit.ly/40ed8nH

Demography west of the Jordan River

In 2023, Israel is the only Western democracy endowed with a relatively high fertility rate, that facilitates further economic growth, which is not dependent upon migrant labor.  Moreover, Israel’s thriving demography provides for bolstered national security (larger classes of recruits), economy and technology and a more confident foreign policy.

In 2023, contrary to projections made by the demographic establishment at the end of the 19th century and during the 1940s, Israel’s Jewish fertility rate is higher than the fertility rates in all Muslim countries other than Iraq and the sub-Sahara Muslim countries.

In 2023 (based on the latest data of 2021), the Jewish fertility rate of 3.13 births per woman is higher than the 2.85 Arab fertility rate (as it has been since 2016) and the 3.01 Arab-Muslim fertility rate (as it has been since 2020).

In 2023, Israel’s Jewish fertility rate is higher than any Arab country other than Iraq’s.

In 2023, there is a race (which started in the 1990s) between the Jewish and Arab fertility rates, unlike the race between the Arab fertility rate and Jewish Aliyah (immigration), which took place in 1949-1990s (while the Jewish fertility rate was relatively low).  

In 2023, the Westernization of Arab demography persists as a derivative of modernity, urbanization, women’s enhanced social status, women’s enrollment in higher education and increased use of contraceptives. 

In 2023, in contrast to conventional demographic wisdom, Israel is not facing a potential Arab demographic time bomb in the combined areas of Judea, Samaria (the West Bank) and pre-1967 Israel. In fact, the Jewish State benefits from a robust tailwind of fertility rate and net-immigration. 

In 2023, the demographic and policy-making establishment persists in reverberating the official Palestinian numbers without due-diligence (auditing), ignoring a 100% artificial inflation of the population numbers: inclusion of overseas resident, double-counting of Jerusalem Arabs and Israeli Arabs married to Judea and Samaria Arabs, inflated birth – and deflated death – data (as documented below).

In 2023, Israel is facing a potential wave of Aliyah (Jewish immigration) of some 500,000 Olim from the Ukraine, Russia, other former Soviet republics, France, Britain, Germany, Argentina, the USA, etc., which requires Israel to approach pro-active Aliyah policy as a top national priority. 

In 2023, the Jewish demographic momentum persists (since 1995) with the secular Jewish sector making the difference, while the ultra-orthodox sector is experiencing a slight decline in fertility rate.

Why woke ‘Frisco Fed chief missed Silicon Valley Bank’s warning signs Paul Sperry

https://nypost.com/2023/03/17/why-woke-frisco-fed-chief-missed-silicon-valley-banks-warning-signs/

Wokeness has replaced competence and merit across the banking sector, and San Francisco Fed Chief Mary Daly is the poster child of this pernicious trend.

A protege of Treasury Secretary Janet Yellen and short-list candidate for Federal Reserve vice chair, Daly was supposed to be supervising Silicon Valley Bank but apparently was too busy playing politics and pushing woke agendas to regulate rogue banks like SVB, the second-biggest bank failure on record.

Daly had other priorities, including climate change, George Floyd and Black Lives Matter, inequities between blacks and whites, LGBTQ+ rights and a host of other woke social-justice issues that had nothing to do with banking and finance.

Daly’s Fed bio gushes she’s committed to “understanding the economic and financial risks of climate change and inequities.” Never mind the more existential threat of banks in her jurisdiction amassing mortgage bonds with longer maturities that exposed investors to greater interest-rate risk.

Silicon Valley Bank collapsed rapidly within 48 hours. 

In a recent LinkedIn post, Daly appeared sidetracked by racial justice, writing: “What Black voices have I lifted up? Equity & inclusion begins with me. #GeorgeFloyd.” She also posted selfies with local Black Lives Matter activists.

Meanwhile, Daly missed all the warning signs of runaway inflation, which led to the steep interest-rate hikes that made SVB’s investments worthless.

China Inaugurating a New World Order? by Judith Bergman

https://www.gatestoneinstitute.org/19495/china-new-world-order

On March 10, Chinese President and Communist Party General-Secretary Xi Jinping brokered a surprise agreement between Saudi Arabia and Iran to reestablish diplomatic relations between the two countries, effectively knocking the US off the Middle Eastern chessboard and showing himself as a power-broker on the world stage.

Xi is, in fact, on his way to Russia, possibly as soon as next week, with a 12-point peace plan — ostensibly to see if he can pull off the same wizardry with Ukraine, but more likely to nail down plans to seize Taiwan.

China as the world’s new power-broker anywhere, especially in the Middle East — until Biden squandered America’s alliances there — is conceivably a seismic turning point: possibly the beginning of China fulfilling its dream of replacing the US as the dominant superpower in a new world order.

For the Biden Administration, this is a blow for which it has only itself to thank.

In addition to ignoring Saudi security concerns about Iran’s escalating nuclear weapons program, Biden also let Iran’s terrorist proxies off the hook. He removed Yemen’s Iranian-sponsored Houthi terrorist group from the list of Foreign Terrorist Organizations in February 2021, and refused to put it back even after the Houthis resumed missile and drone attacks on the United Arab Emirates, as well as more attacks on the Saudi Arabia.

Is it any wonder, then, that in the vacuum the US created, the Saudis felt pushed towards China and Iran? What, after all, was their alternative?

It is likely that the Saudis were hoping that the Americans, even at the last minute, would pledge completely to terminate their negotiations with Iran over the nuclear deal, which permits Iran unlimited nuclear weapons.

China and other aggressors also cannot avoid seeing America’s non-stop ineptitude, whether the focus in the US military on teaching critical race theory and “climate change” rather than on how to win or deter wars; billions for “climate change,” which must give China, which is building “six times more coal plants than other countries,” a good laugh, while the US military budget has been in a steady net-decline, outpaced by Biden’s 6% inflation. Someone has not been minding the store.

Will more countries be willing to reject an international order based on democratic values — not to mention the world’s reserve currency — of the US?

On March 10, Chinese President and Communist Party General-Secretary Xi Jinping brokered a surprise agreement between Saudi Arabia and Iran to reestablish diplomatic relations between the two countries, effectively knocking the US off the Middle Eastern chessboard and showing himself as a power-broker on the world stage.

Xi is, in fact, on his way to Russia, possibly as soon as next week, with a 12-point peace plan — ostensibly to see if he can pull off the same wizardry with Ukraine, but more likely to nail down plans to seize Taiwan.

China as the world’s new power-broker anywhere, especially in the Middle East — until Biden squandered America’s alliances there — is conceivably a seismic turning point: possibly the beginning of China fulfilling its dream of replacing the US as the dominant superpower in a new world order.

For the Biden Administration, this is a blow for which it has only itself to thank.

From the outset of his presidency, President Joe Biden completely deprioritized the Middle East: “If you are going to list the regions Biden sees as a priority, the Middle East is not in the top three,” a former senior national security official and close Biden adviser told Politico in 2021.

Biden then proved this highly unwise policy to anyone in doubt with his disastrous Afghanistan exit, creating a power vacuum in the region and demonstrating to allies everywhere that they could not rely on the US.

Biden then decisively cleared the path for China with his calamitous policies toward Saudi Arabia, creating another power vacuum. Enter Xi.

Saudi Arabia for decades relied on the US for its security. Since Crown Prince Mohammed bin Salman ascended to the second-most important position in the kingdom in 2017, he has expressed interest in loosening human right restrictions somewhat and seeking economic diversification. Then came Biden, campaigning for the presidency with the promise to make Saudi Arabia “pay the price, and make them in fact the pariah that they are.” He threw in gratuitously that there was “very little social redeeming value in the present government in Saudi Arabia.”

Making matters worse, the Biden administration has continued relentlessly to try to revive the flawed 2015 JCPOA “nuclear deal” with Iran — which is the pinnacle of “social redeeming value?” The Trump Administration had withdrawn from the deal after mountains of evidence kept turning up that Iran had reportedly been cheating “since day one.” Meanwhile the Biden Administration kept completely ignoring the legitimate fears that Saudi Arabia had of a nuclear Iran.

“Washington and the West have not been serious about the region’s security since concluding the Iranian nuclear agreement in 2015,” wrote Tariq Al-Homayed, a leading Saudi journalist and former newspaper editor following the Chinese-brokered deal.

As recently as January, when International Atomic Energy Agency (IAEA) chief Rafael Grossi made it clear that “only countries making bombs” are enriching uranium at Iran’s level, Saudi Arabia’s Minister of State for Foreign Affairs Adel al-Jubeir repeated the Saudi concerns:

“I believe that Iran has an obligation to give up its nuclear program. I believe that Iran must be in compliance with the terms of the International Atomic Energy Agency and Iran, if it wants to be a member in good standing of the international community needs to respect international law, needs to respect international order.”

In addition to ignoring Saudi security concerns about Iran’s escalating nuclear weapons program, Biden also let Iran’s terrorist proxies off the hook. He removed Yemen’s Iranian-sponsored Houthi terrorist group from the list of Foreign Terrorist Organizations in February 2021, and refused to put it back even after the Houthis resumed missile and drone attacks on the United Arab Emirates, as well as more attacks on the Saudi Arabia (here and here).

“Providing ballistic missiles to terrorist groups,” Saudi Minister al-Jubeir recently noted, “is not acceptable… Providing drones to the Houthis in Yemen is also unacceptable.”

Is it any wonder, then, that in the vacuum the US created, the Saudis felt pushed towards China and Iran? What, after all, was their alternative?

The Saudis had given the Biden Administration plenty of hints about the extent to which relations have soured.

The entire world witnessed how Saudi Arabia’s low-key reception of Biden in July 2022, complete with awkward fist bump, contrasted with the lavish welcome reception that was bestowed on China’s Xi Jinping when he visited the kingdom in December 2022. Yet the Biden administration was at a complete loss as to how to reassert itself and reengage with Saudi Arabia to restore relations and bring back at least a trace of American influence. It is likely that the Saudis were hoping that the Americans, even at the last minute, would pledge completely to terminate their negotiations with Iran over the nuclear deal, which permits Iran unlimited nuclear weapons.

According to Suzanne Maloney, vice president and director of foreign policy at the Brookings Institution:

“What is notable of course is the decision to hand the Chinese a huge public relations victory — a photo op that is intended to demonstrate China’s newfound stature in the region. In that sense, it would appear to be yet another Saudi slap in the face to the Biden administration.”

The harmful effects of the China-brokered agreement, however, amount to much more than a mere “Saudi slap” to the Biden Administration — especially after the US surrender to a terrorist group, the Taliban, in 2021; the disastrous retreat from the Bagram Air Base; and the Chinese spy balloon hovering for a full week over the most strategic US military sites. They add up to an even more diminished international standing for the US.

China can now boast that it is able to rearrange the pieces on the global chessboard, upend alliances that have dominated the international world order for decades, and make peace between enemies. If China can do all that, what else can it do?

China and other aggressors also cannot avoid seeing America’s non-stop ineptitude, whether the focus in the US military on teaching critical race theory and “climate change” rather than on how to win or deter wars; billions for “climate change,” which must give China, which is building “six times more coal plants than other countries,” a good laugh, while the US military budget has been in a steady net-decline, outpaced by Biden’s 6% inflation. Someone has not been minding the store.

Above all, the new agreement has unmistakably signaled to the world that the US is a power whose best days are behind it. That impression could only have been reinforced by White House Spokesman John Kirby’s lame comment made after Saudi-Iranian agreement: “We support any effort to de-escalate tensions there.”

The Middle East region, apart from Israel, consists of more-or-less authoritarian states that share China’s views on state sovereignty, non-interference, and evidently not all that much interest in human rights. Will more countries be willing to reject an international order based on democratic values — not to mention the world’s reserve currency — of the US?

Dominating the world and replacing the US as the world’s dominant superpower by 2049 — militarily, economically, technologically and geopolitically — is what China has coveted for decades.

The deal “proves that Chinese medicine can solve problems that western medicine cannot solve,” announced Wang Yiwei, the director of the Institute of International Affairs at China’s Renmin University.

Most tragically, all the US decisions, from blocking US energy production to closing down the “China Initiative” to prevent further espionage, and including those above, that led to this juncture appear totally unnecessary own-goals.

“This is a battle of narratives for the future of the international order,” said Yun Sun, director of the China Program at the Stimson Center, a Washington-based research institute. “China is saying the world is in chaos because U.S. leadership has failed.”

Again.

How leftists help you By J.A. Frascino

https://www.americanthinker.com/blog/2023/03/how_leftists_help_you.html

Make problems. Solve problems with other problems. Repeat

Progressivism’s response to issues of concern to the proletariat:

Since 2010, GDP has increased 53%, from $15T to $23.4T.  Since 2010, total government debt has increased 157%, from $14T to $36T.  Government debt has increased three times faster than national productivity.  Not to worry…we handle that by raising the debt ceiling, selling treasuries, and printing money.

Household debt is $17T.  We’ll help by canceling student loan debt ($1.8T).  You can show your appreciation at the ballot box, or by early or absentee voting.

Inflation persists, triggered in large part by the post-COVID fiscal stimulus programs the government cavalierly infused into the economy after shutting it down in homage to “science.”  Maybe, but we can blame it all on Russia.

Recent bank failures have occurred, due in part to Fed-mandated interest rate hikes instituted to combat the inflation it helped start in the first place.  We’re on it.  We’ll bail them out, probably with your money, especially if they funded the Tech industry…big Democrat donors.

Middle-class share of the U.S. aggregate income has fallen from 62% in 1970 to 43% in 2018.  Yes, but we’ll continue to send blue-collar manufacturing jobs to Asia.  Let them be responsible for greenhouse gas emissions, not us.  And since most of the ultra-wealthy in the nation are now of the left, we’re no longer too concerned with income inequality.

Health care costs amount to 18% of GDP, due largely to drugs, devices, and end-of-life care.  Assuring universal access to health care through Medicaid expansion will somehow take care of that.

We have no border security…but lots of new potential Democratic voters.

College dropout rates are around 40%.  A lot of degrees now awarded don’t have any marketplace relevance anyway.  It’s all about indoctrination.

Male labor force participation rate has fallen from 86% in 1950 to 68% in 2022.  Only natural.  As we have evolved from a manufacturing-based to an information-based society, we now have a female-based workforce.  A man’s place is now in the home.

The White House is Whistling Past America’s Bank Graveyard by Lawrence Kadish

https://www.gatestoneinstitute.org/19501/the-white-house-is-whistling-past-america-bank

Once I built a railroad, I made it run
Made it race against time
Once I built a railroad, now it’s done
Brother, can you spare a dime?

Once I built a tower up to the sun
Brick and rivet and lime
Once I built a tower, now it’s done
Brother, can you spare a dime?

Written by E. Y. Harburg and Jay Gorney during the height of 1930s, the song became America’s grim national anthem during The Great Depression.

As we watch the instability of our banking system unfold, those 90 year old lyrics may be more relevant than we wish to acknowledge.

Part of today’s banking crisis was instigated by the Federal Reserve whose micro-management of interest rates created a balance sheet gap for some regional banks, institutions that have played a crucial role in powering our economy by working with small and middle size businesses.

Another lit fuse in this crisis is a White House that has allowed crypto currency to be considered a genuine part of our economy. It is not. It is little more than a digital set of zeroes and ones with illusionary value, dictated hourly by an online marketplace. Then there is Fed Chairwoman Janet Yellin, who is currently engaging in a national theatrical performance seeking to convince Americans the banking system is secure. Her performance on and off stage leaves much to be desired.

Federal Court Rules Against NY Worker Fired for Refusing to Attend LGBTQ Training By Eric Lendrum

https://amgreatness.com/2023/03/16/federal-court-rules-against-ny-worker-fired-for-refusing-to-attend-lgbtq-training/

On Monday, a federal appellate court ruled that the firing of a New York man who refused to attend a pro-LGBTQ training session was legal.

As reported by the New York Post, Raymond Zdunski argued in his lawsuit that his employer, the Erie 2-Chautauqua-Cattaraugus Board of Cooperative Educational Services (BOCES), attempted to “change his religious beliefs about gender and sexuality” by forcing him to attend a diversity training session focused on people who claim to be LGBTQ. His employer refused his request for a religious exception, citing his Christian beliefs.

Zdunski subsequently sought $10 million in damages, as well as reinstatement and back pay. The lawsuit was originally dismissed last year by District Judge Geoffrey Crawford. The recent ruling by the Manhattan-based 2nd U.S. Circuit Court of Appeals agreed with Crawford’s original decision, supporting BOCES’ decision to fire him.

In both cases, the judge and the court claimed that Zdunski was wrong to claim he was the victim of “unlawful religious discrimination.” Crawford’s original ruling specifically noted that BOCES was required to provide such diversity training by a state law, the Dignity for All Students Act, and thus claimed that to give Zdunski an exemption would be committing a state crime.

“It just seems like the country is against the Christian way of life, and it’s for everything else,” Zdunski said in response to the latest ruling. “We’re not allowed to practice our way of life but anyone else can, it seems.”

The company issued its own statement after the court’s ruling, saying that “we agree with the decisions of both the United States District Court and the Court of Appeals, and remain committed to fostering a safe and supportive environment for all students and staff.”