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‘Carried Interest’: Let’s Not Increase Taxes on Our Economy’s Engine

Seton Motley | Less Government | LessGovernment.org

Always Even More Than Meets the Eye

Leftism is such an easy soundbite sell. It’s a gaggle of five-second one-liners that seem to make perfect sense – right up until someone applies actual thought to any of them.

One of the all-time favorites is – “Tax the rich!” (I’m fairly sure the exclamation point is always mandatory.) They’re rich, they’re evil – they should pay MORE!

But let’s now apply some actual thought to their fortune cookie wisdom.

The dreaded One Percent – pay nearly half of all federal income taxes. So they are paying “their fair share” – and the fair shares of roughly 150 million other Americans.

Then there’s all sorts of additional taxes wealthy people pay (that most of the 99% do not). Most of these taxes tax money – that has already been taxed as income (which I find to be particularly, additionally obnoxious).

Most of these taxes – attack the money that makes our free market system possible. Income taxes are awful and pernicious – but it is the taxes on big coin pools that are really an assault on our system.

You can’t have capitalism – without capital. Big capital. Huge, heaping piles if it. 1%-er money. The kind of capital – that gets invested. More

Senator McCain is a Crony’s Best Friend

Seton Motley | Less Government | LessGovernment.org

McCain’s Anti-Cronyism Is…Blurry

For a guy who has allegedly spent his political career trying to make and do right – after his being named in the late 1980s Keating Five scandal – Arizona Republican Senator John McCain certainly still likes to do a whole lot for high-donating cronies.

A Keating Five refresher:

“The Keating Five were five United States Senators accused of corruption in 1989, igniting a major political scandal as part of the larger Savings and Loan crisis of the late 1980s and early 1990s. The five senators – Alan Cranston (Democrat of California), Dennis DeConcini (Democrat of Arizona), John Glenn (Democrat of Ohio), John McCain (Republican of Arizona), and Donald W. Riegle, Jr. (Democrat of Michigan) – were accused of improperly intervening in 1987 on behalf of Charles H. Keating, Jr., Chairman of the Lincoln Savings and Loan Association, which was the target of a regulatory investigation by the Federal Home Loan Bank Board (FHLBB).”

Sounds an awful lot like cronyism to me – old school, vintage edition.

McCain’s being named made him hyper-sensitive to the charge – and hyper-and-over-re-active trying to play catch up. More

Trump and His Commerce Secretary: It Isn’t Free Trade – If They’re Uber-Protectionist

Seton Motley | Less Government | LessGovernment.org

We Have Been. In Many. For Decades

We have repeatedly written about the widespread ignorance/misinterpretation of now-President Donald Trump’s perspective on trade.

Way too many people – who are alleged to be able to know better – dismiss Trump as anti-free trade. Or even anti-trade. Behold the Washington, D.C.-New York City Bubble boobery on parade:

Donald Trump’s Opposition to Free Trade

Trump’s…Free Trade Retreat

Donald Trump’s Anti-Trade Rhetoric

Trump Trade Moves Chilling, Could Hurt US business: Trade Experts

Donald Trump’s ‘Dumb Market’ Position on Trade Breaks with Decades of Republican Views

With Anti-Trade Message, Trump Targets ‘Reagan Democrats’

Trump’s…Dangerous Revolt Against Free Trade More

Obama’s IRS 2.0 (or 3.0…4.0?…Or is it…?)

Seton Motley | Less Government | LessGovernment.org

Bosom Cronies

Remember the Barack Obama Administration’s Internal Revenue Service (IRS) scandal? The media really wish you wouldn’t, which is why they never really reported on it while it occurred. And, in many ways, the IRS scandal continued well past its initial exposition date.

Here’s a (re)fresher:

IRS Targeting Scheme is a Scandal with No End in Sight: “When the Senate Finance Committee released its findings on the Internal Revenue Service scheme targeting conservative organizations a couple of weeks ago, the initial determination was clear….

“(T)he evidence shows partisan political animus resulted in the unwarranted targeting of conservative groups because of their political beliefs….

“(Top IRS official Lois) Lerner called Republican critics ‘evil and dishonest’ – even ‘hateful.’

“She lashed out following an appearance before the House Oversight and Government Reform Committee in 2014: ‘Yesterday was a doozy. They called me back to testify on the IRS “scandal,” and I tool (sic) the 5th again because they had been so evil and dishonest in my lawyer’s dealings with them….’” More

The NY Times and the Guy Hunting the GOP: Latest in a Long History of Fake News

Seton Motley | Less Government | LessGovernment.org

Not Exactly Breaking News

The New York Times is simply a ridiculous publication. And has been for decades. It is hopelessly, blindly, willfully Leftist. And has been for decades. And to advance their Leftism, they have lied and lied again and again. For decades.

Just yesterday, their Editors en toto wrote about the Bernie Sanders supporter who went Republican hunting in Alexandria, Virginia – firing more than fifty rifle shots at GOP Congressmen and staffers on a baseball diamond. Included in that piece was the following:

“In 2011, when Jared Lee Loughner opened fire in a supermarket parking lot, grievously wounding Representative Gabby Giffords and killing six people, including a 9-year-old girl, the link to political incitement was clear. Before the shooting, Sarah Palin’s political action committee circulated a map of targeted electoral districts that put Ms. Giffords and 19 other Democrats under stylized cross hairs.”

This is a lie. A lie that was thoroughly disproven…in 2011. Loughner was not only insane – to the degree that he was at all political, he was a Leftist. And the odds that this insane, apolitical idiot had actually seen Palin’s website – were, conservatively, a trillion-to-one. More

Lots on Congress’ Plate – Nationalizing Tort Reform Shouldn’t Be

Seton Motley | Less Government | LessGovernment.org

See: Nationalizing Tort Reform

Congress has…a lot to do.

We still desperately need to undo the train wreck that is Obamacare.

We still desperately need to rewrite and simplify the tax code – and eliminate or drastically cut the many taxes and their rates.

We still desperately need to repeal the bank-killing horror show that is Dodd-Frank.

We should finally restore regular order – and actually go through the full budget writing process. Oh – and we should dramatically reduce what that budget spends.

That’s plenty – but there’s even more.

But what absolutely does not belong on this very long list – is nationalizing tort reform.

It’s unconstitutional – because the Constitution doesn’t mention it, so it’s up to the states.

It’s also unconstituional – because it is Legislative Branch overreach into the purview of the Judicial Branch.

And given how often the Judicial overreaches into the Legislative – you would think the Legislative would know better. More

Left and Right United Against Cronyism – Save for a Few Wobbly Republicans

Seton Motley | Less Government | LessGovernment.org

Feeling Lonely, Wobbly Republican?

Americans for Tax Reform President Grover Norquist made an excellent recommendation as to how best to oppose the old school crony government pork known as “earmarks” – which was district-specific spending, benefiting that district’s Congressman.

Getting riled up at that Congressman was a waste of time. He was the vote-buying beneficiary of the government money. What you needed to do was rile up the constituents of the House’s other 434 members – to get angry at their respective representatives for wasting their tax money on pork…that didn’t even benefit them.

This all-other-hands-on-deck approach – needs to be used against all things cronyism. Get everyone besides the cronies – all along the ideological spectrum – to gang up on the cronies. Politics makes strange bedfellows – often because it is very necessary.

The massive crony nightmare mess currently being attempted by New York State Governor Andrew Cuomo – is a great place to test drive this approach. More

The Power to (Over)Tax – Is the Power to Destroy

Seton Motley | Less Government | LessGovernment.org

Well, That’s Totally Different

The late Supreme Court Chief Justice (amongst many other impressive gigs) John Marshall rightly noted “The power to tax – is the power to destroy.” The power to OverTax, of course – will destroy even more.

We have in our nation established a very anti-human nature approach to government. We punish things of which we claim to want more – and reward things of which we claim to want less.

We tax income generated by work – and give money to people who don’t work. Human nature empirically tells us that we will get less of the former – and more of the latter. Why do something to get something – when you get something for doing nothing?

Human nature works on a sliding scale. The more you tax work and reward non-work, the higher up the human nature industriousness ladder you go – to pull people climbing upward off and into the Do Nothing pit.

And of course, the harder and more complex the work is – and the higher the investment costs required to do it – the more likely being taxed more will drive people out of that work. More

Worse Than Domestic Obama Cronyism? Exporting It Globally

Seton Motley | Less Government | LessGovernment.org

Bad Obama Ideas – Going Global

We just narrowly escaped the cronyism-infested eight years of the Barack Obama Administration. If you were a Leftist – the $4-trillion-per-year-government world was your oyster. The biggest bureaucratic favors of your wildest imaginings – were only a campaign contribution away.

Cronyism is one of the largest, slimiest critters in the Swamp against which now-President Donald Trump ran – promising to drain and dismantle. Which he – sporadically, in fits and starts – has started to do.

But as difficult as is unwinding the century-plus-long Swamp expansion – it got dramatically harder when the Obama-esque cronyism leaked out beyond our borders.

A fortnight ago we wrote of the DC Cronies working together to maximize their domestic cronyism when it comes to illegally strip-mining intellectual property (IP) protections:

“One of the other biggest…Crony beneficiaries – was Apple. You know, that tiny little $800 billion company – that really needs as much government assistance as they can muster. (Note: that was sarcasm.) More

The Left: Shoveling Much Manure, Desperately Seeking Ponies

Seton Motley | Less Government | LessGovernment.org

The Left –
Reporting for Manure Duty

There’s an old joke. About a little boy standing in the entrance of a huge barn – clearly filled to the rafters with manure. The boy has a shovel in hand – and loudly proclaims “There has to be a pony in here somewhere.”

The Left – is this little boy. And their little boy search – is trying desperately to locate dirt on their political enemies.

One such manure-fest – is being thrown at now-President Donald Trump.

We’ve wasted nearly a year on totally-evidence-free charges that Trump colluded with the Russians to get elected. Loads and loads of excrement have been flung – trying to unearth that pony. To zero avail.

That narrative (finally) collapsing, the Left shifted their hopes to Trump-fired Federal Bureau of Investigations (FBI) head James Comey. Their formal mortal enemy, the Left desperately grasped and clung to Comey – as he intimated that Trump had allegedly, stealthily, back-handedly obstructed justice.

Then Comey testified before Congress. And did so much damage to both of the Left’s ridiculous narratives – the Russia collusion and the attending obstruction of justice – that even MSNBC’s Chris Matthews was forced to acknowledge it “came apart.”

Will these serial, profound defeats stop the Left? Of course not. Stay tuned – they’ll shortly come up with something even more ludicrous. Their pony-free pony search will continue. More