Tag Archives: Income Tax

A Conservative Case For Alexandria Ocasio-Cortez | Congress 8

Hey there. Today’s video talks about Alexandria Ocasio-Cortez, and the weird way in which she’s helping put forward one of my very conservative priorities… a more powerful Congress. What the video doesn’t get into is the general “socialism” panic, and what I think of her specific policies. I’ll get into that a bit here, but the first thing to remember is that Ocasio-Cortez does not actually have much institutional power. She can put things on the agenda, she can make specific issues or problems a one-day wonder, but as a freshman congresswoman, she doesn’t actually have the ability to do much in the Congress itself.

First off there’s the topic of her socialism, which some report may already be fading out of her messaging. She’s definitely much more left-wing than the US national average, and maintains that “the workers” are her number one priority. She also focuses on a lot of identity politics issues. That makes a ton of sense for a representative of some of the most diverse and left-leaning places in the country. It’s actually kind of surprising that the Bronx and Queens weren’t already represented by a left-wing firebrand. It’s nothing to flip out about.

So keeping in mind the fact that Ocasio-Cortez doesn’t actually have much real power, let’s dive into what little we know about her legislative program. First off is the Green New Deal, an attempt to bundle together some environmental and jobs programs. I’m on record as not caring much about the environment, and being pretty confident that technology would handle the issue. But that was during the Obama years when things were actually moving in a good direction. Trump’s aggressive promotion of industrial dead ends like coal, and insane decision to let everybody else make the rules for the environment while the US sulks at home, make me a lot less calm on this issue. So I’m happy to see more rabble-rousing about it. That said, Ocasio-Cortez will have trouble getting the Green New Deal past the leadership of her own party, let alone past this president.

Second taxes. Honestly her suggestion of a 70% tax rate on those making more than 10 million dollars a year doesn’t go anywhere near far enough. I believe our national debt and annual deficit to be a near existential crisis. It threatens the world as we know it. More taxes are essential. Now, while Ocasio-Cortez might want more taxes, she does not care about the deficit. After decades of being the only ones who actually cared about the national debt, the Democrats are now beginning to take their cue from the Drunken sailor fiscal habits of the Republicans. Under the banner of “Modern Monetary Theory” they are filing in behind Dick Cheney and his famous proclamation that “Deficits Don’t Matter”. Now, I don’t claim to understand money. But I do know some history. The British didn’t think deficits mattered during the world wars either. Then they had to give up their Empire. I think this MMT thing is just an excuse to accelerate us off a cliff. That said, Ocasio-Cortez couldn’t possibly be worse for the public finances than the Republicans have been for the past 40 years.

Third, Identity Politics. Honestly I just love that. Remember, I’m quite possibly the country’s only proud conservative SJW. Her standpoint on abolishing ICE, and reforming policing fits quite well with mine. Also I kind of enjoy all this “sisters of color in power” social media stuff. I don’t find it threatening in the slightest, and those who do should probably engage in some self-reflection on why that is. This is a process as old as time. The history of New York in particular is one of ethnic group after ethnic group coming to power and building fiefs for themselves. It’s a key part to the melting pot and eventual assimilation. One of the tragedies of the 20th century is that the growing power of the federal government, and especially the white suburbs over inner cities, meant that these local positions of power still existed but had lost their significance in most places. Flint, Michigan or Newark, New Jersey can have as many black Mayors as it wants, it’s not going to bring about real changes in power or wealth. The removal of legal bars to success for people of color 50 years ago was a great victory, but the fact that real power was so much further away than it was for earlier Italian and Irish populations kept real progress from being made. This new, dramatically more diverse congress is a long delayed step forward, and it’s going to be great for all of us.

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Video Transcript after the jump…

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State Tax And The Death of the Republic | SALT | Congress 3

One of the biggest problems with our impoverished media sector is the fact that nobody covers anything that matters anymore. We’ve got a lot of outrage, and a lot of time and effort spent on simple compelling stories. But if you’re truly interested in what’s going on in the world, or the direction that our government is going in, these stories are largely useless. What matters is almost always a lot more complex.

This channel’s first big hit dealt with one of those issues. We were the only folks looking at the Foreign Account Tax Compliance Act (FATCA) who didn’t expect to make millions off of it. So we were able to show what the ramifications of the legislation were to a wide audience. I’m beginning to think that the elimination of the State and Local Tax Deduction (SALT) is a similarly important issue. Sounds boring, but the implications are immense. This video attempts to lay out that story.

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Video Transcript after the jump…

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