Sunday, November 10, 2019

Elections Have Consequences

Pelosi cautions 2020 Dems over liberal proposals: 'You must win the Electoral College'

Speaker Nancy Pelosi (D-Calif.) issued a stern warning to the 2020 Democratic primary field that progressive policies that might fire up the party’s liberal wing could prove damaging in the general election.

Sanders' immigration plan: Halt deportations, abolish ICE, welcome 50K 'climate migrants,' give welfare to all

Sen. Bernie Sanders, I-Vt., on Thursday released a sweeping immigration plan that would impose a moratorium on deportations, "break up" existing immigration enforcement agencies, grant full welfare access to illegal immigrants and welcome a minimum of 50,000 “climate migrants” in the first year of a Sanders administration.

Britain's Free Health Care: Waiting List Grows to 4.4 Million

The NHS waiting list has hit another record high with almost 4.4million people now waiting for routine treatment.

For a third month running the figure has risen to a new high, increasing by a quarter of a million people between February and May alone.

Other statistics also revealed by NHS England today show the number of A&E patients stuck on trolleys waiting for an inpatient bed has increased by 70 per cent in a year.

Democratic Tax Policy Proposals

Recently, several of the presidential candidates and other prominent Democrats have suggested a number of different tax policy proposals, including wealth taxes, mark-to-market taxation, a VAT, additional taxes, increased income tax rates, and increased gift and estate taxes. Read more...

How To Trigger A Global Recession In One Easy Step: Ban Fracking

So, what would happen if America’s next president were to make good on a promise to ban fracking? We know the answer.

Enthusiasms for alternatives aside, solar and wind combined supply less than 2 percent of world energy, while 54 percent still comes from oil and natural gas. Many analysts have pointed to the domestic jobs and revenues that will be lost were America to shut down fracking. But that’s the least of it. Far more significant: removing that quantity of fuel from world markets would trigger the biggest energy price spike in history, and a global recession. Read more...

Senator Warren’s “Nutty Idea” to Tax Unrealized Capital Gains

But let’s set that aside and focus on Senator Warren’s radical proposal.

Because the idea would be such a nightmare of complexity, I joked in the interview that the Senator must own shares in firms that do tax accounting.

That’s not a novel observation on my part. Earlier this year, the Wall Street Journal opined why this was a bad idea. Not just a bad idea, a ridiculously foolish idea. Read more...

Mining the Green New Deal

Glaringly absent, at least so far, from the Green New Deal conversation is any mention of the supply chains needed to support this massive industrial effort. And make no mistake, a massive industrial effort is precisely what would be necessary. Wind turbines, solar panels, electric vehicles, grid-scale lithium-ion batteries and a new electricity grid are machines and commodities that require immense manufacturing capacity and a vast variety and quantity of raw material. Read article...

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The Best Run States

Wall Street 24/7 concluded its most recent study on which states are the best and worst run, from a fiscal perspective. You can view the e...