RUTHFULLY YOURS

https://www.wsj.com/articles/the-biden-plan-for-economic-sclerosis-11617907075?mod=opinion_lead_pos5

President Biden has proposed a back-to-the-future tax plan. When President Trump took office, the U.S. had the highest corporate tax rate in the developed world and had experienced a decade of slow growth, low investment and stagnant employment and real wages. The Obama economy was especially toxic for low-earning and less-educated groups. The assault on business was so widespread that capital’s contribution to economic growth was lower during the Obama expansion than it had been during any other period of growth since World War II.

The academic literature on corporate taxation pointed to the problem. High corporate taxes, a regulatory assault and social programs that discourage work and advancement led many U.S. multinational companies to locate their activity and profits overseas. This reduced or eliminated their tax in the U.S. while also reducing their demand for American labor. Wages dropped and tax revenue dropped, a double hit.

The idea of the 2017 Tax Cuts and Jobs Act was to make America an attractive location for capital formation again, and to drive wages up by increasing productivity. Mr. Trump’s Council of Economic Advisers estimated that wages for a typical family would grow about $4,000 over the first three to five years. Though the Obama administration proposed a corporate tax cut in 2015 for the same reasons, opponents of the bill ridiculed the Trump team’s numbers.

The economic data vindicated Mr. Trump. Actual gross domestic product by the end of 2019 was about $300 billion higher than the Congressional Budget Office had projected in July 2017. Business investment was about $100 billion higher and 2.8 million more workers were employed. U.S. firms repatriated $1.4 trillion in cash that was previously stuck overseas. And in the first two years after the tax cuts were passed, real median household income increased $4,900. Employment surged, especially among the long-term unemployed, the poor and minorities. Wealth for the bottom 50% of households advanced three times as fast as for the top 1%.

http://politicalmavens.com/

Jews comprise 13% of the population of New York and have been here since the 17th century. There are approximately 1.5 million Jews in New York City, the largest population of anywhere outside of Israel. To get some idea of what Jews have contributed to our city, look at the names carved on walls at colleges, hospitals, libraries and Lincoln Center – these represent just the charitable contributions Jews have made without mentioning their othercontributions to our lives – the most recent of which is development of the Pfizer vaccine by the son of a Holocaust survivor.
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So it is with surprise bordering on disbelief that neither the NYTimes nor the Wall Street Journal called attention to the April 8th commemoration of Holocaust Remembrance Day. Instead, the Journal had a front page article about Muslims giving up coffee for Ramadan, including a picture of Palestinians at a festive Gaza Market on p. 18. The NYTimes chose to cover Biden’s cancellation of Trump’s boycott of U.S. funds for Palestinian “refugees” while they supported and rewarded terrorists. Instead, we will now afford them $235 million dollars of assistance. It’s interesting that both papers chose to deal with Muslims whose population in New York is roughly half that of Jews.

438,500 Americans lost their lives in World War 2. When our G.I.’s liberated the Ohrdruf concentration camp, General Eisenhower insisted that members of Congress and journalists be summoned to see and report on the atrocities that were performed there. Eisenhower’s statement was: “We are told that the American soldier does not know what he is fighting for. Now, at least, we know what he is fighting against.”
Anti-semitism in America is on the rise and is part and parcel of Black Lives Matter. Local t.v. news has headlined the vicious attacks on Asian people but few channels covered the attack on a Chasidic family pushing a baby carriage in Brooklyn a few days ago. They were assaulted by a man who slashed the father, mother and year old baby on their faces. It would seem that we are in very desperate need of remembering what happened to six million Jews and nearly half a million Americans who lost their lives during the Holocaust. How shameful that the editors of New York’s most important newspapers chose to forget them.

https://www.spiked-online.com/2021/04/08/americas-elites-want-a-racial-apocalypse/

Jamil Ford still recalls the disorders of late May. ‘It was like Baghdad’, he recalls, even as jurors listen to the arguments during the trial of Derek Chauvin, the police officer accused of killing George Floyd. ‘I constantly think about it. The past history does not go away’, the African-American architect recalls, noting with trepidation possible National Guard deployments. ‘The mental part is still there.’

I know how he feels. In 1992 we went through this same process in Los Angeles when the police were exonerated in the beating of Rodney King. This unleashed a three-day explosion of often violent protests, resulting in $1 billion in damages and over 50 fatalities. In the end, the disorder led to some necessary shifts in police procedures but ultimately left the area relatively poorer and considerably less black than before.

Will things be different this time around? No politician in American history owes more to African-American leadership and voters than Joe Biden. His flailing campaign was rescued from the respirator by South Carolina’s heavily black Democratic electorate. African Americans sustained his path through states such as Texas. Since taking office, Biden’s commitment to battling the ‘sting of systemic racism’ and encroaching ‘white supremacy’ has accompanied his early actions and seems to have shaped many of his appointments.

The left’s and the media’s embrace of racial apocalypse, both in the US and in Britain, remains sadly selective. The recent Atlanta murders, given exhaustive coverage, appear to be the product not of Trumpista brownshirts but a singular, screwed-up madman. Meanwhile, attacks on Asians historically have come in large measure from minorities, largely African Americans. The most recent attack on Capitol Hill came not from Trumpistas but a follower of the ultimate anti-white, Louis Farrakhan.

The same media that hypes anti-Asian violence by whites usually ignores that by other ‘people of colour’. When the perpetrator is a Muslim jihadi, as was the case in Colorado, coverage has been less, even if the body count was twice as high. The ‘people of colour’ solidarity that bleeds over the pages of mainstream media has little room for nuance. It tends to ignore the fact that many Asians, and many Hispanics, oppose such things as quotas to selective high schools and colleges.

Similarly, most minorities seem not to share common ground with posturing politicians, and progressive intellectuals, who have excused looting as a form of racial redress. Minority business people generally don’t regard random violence as justice; the impact on business enterprises is felt particularly keenly in Minneapolis. A focus on police abuse is clearly needed, but the vast majority of Americans – including millennials and minorities – do not favour defunding law enforcement. They may be more concerned with the resurgence of violent and other crime in our core cities, even though it is often downplayed in the media.