More Thoughts

Hello my friends, I'm starting to get over the disappointment and sheer distate for the election results. Over the last little while I've continued to read and mark down thoughts. Here are a few:

Rich Karlgaard said this about the future: " . . . if the economy is thwarted by high taxes and complex regulation--- then welcome to the new normal of 2% annual growth."

Earlier this year there was an editorial in the WSJ about the Dodd-Frank monstrosity. Said they: "taxpayers must be thrilled to know that 2,300 pages of Dodd-Frank have succeeded in codifying and enhancing the ability of regulators to exercise their own own discretion based on gut instinct."
My thoughts are that Dodd-Frank is far more dangerous to our society, our economy and our freedoms than ObamaCare. And that's saying a lot.
"Economic liberty is tied to political liberty." ~~Mark Levin


More later.
I'd love to hear from you.
Wade

Election Night 2012

Hello my friends,
I'm sitting here on election night. I sure do love this country. It is so disappointing to see what is happening.

Here's a quote from long ago. "The punishment which the wise suffer who refuse to take part in the government, is to live under the government of worse men." ~~Plato

Abundance, Scarcity and Fairness

I was listening to the results of a poll/survey the other day. The question was asked:
"If an employee works harder and longer than others should he be paid more money?"
A good question.
88% of Republicans said yes.
32% of Democrats said yes.
I don't know if there was another part to this. This is telling. So, I thought I'd ask Ds & Rs here. I got about the same results.
Then m'thoughts, what if the query was slightly different? I changed it to this: "If you work longer and harder than others, should you be paid more?
The overwhelming response was yes. In fact, not one person answered no.

I also want to add that it amazes me that Liberals will curtail or destroy the chances of millions so long as a few don't make it bigtime. So many people live a life of scarcity, which is a failed policy. There is no credible evidence of a law of scarcity. We can and should live a life of abundance.
Do you know the word "multiply" is used more times in the Bible than the word "add?" God's love is a love of abundance, even when we don't deserve it.
I wrote extensively on this topic in: BUSINESS BUY THE BIBLE. I hope you have a chance of readng it.
Intellectual food for thought.
You Friendly Enigmatist,
Wade

Family

I read a great quotation earlier today, and it caused me to feel a great love for my family and friends.
I mostly made me feel love for my wife.

To me, Laura is the essense of God's love. I see in her beauty and love and all that is praiseworthy, and she has a good report card. Heh, heh, a little schoolyard humor there.

Anyway here's the quote by Donna Leon, in one of her whodunnit books:
"How beautiful, the grace of women; how soft their charity."

Love to you all.
Wade

Protecting the Constitution

Thomas Sowell said: "The Constitution of the United States cannot protect us unless we protect the Constitution." And it is under attack. I just read a Wall Street Journal Op/Ed that the Federal Governments Justice has just lost their 15th lawsuit against States, private citizens. Whatever they can't get through Congress they implement by fiat or by ignoring the current law and court edicts, like the moratorium on drilling in the gulf. It is a sad day, actually many days to see these thugs destroy our country.
That's it for now.
Wade

The ups and down of Life

Here are a few thoughts on the ups and downs of life
_____________________________________________________________

HEAVEN KNOWS
May the clouds part before you on your way.
May the sun brighten your path everyday.
And when you're alone and face the night,
May the weight on your mind be light.
We have had pleasures . . . and treasures,
There were so many and many were ours.
The sun rises, the sun sets,
And life is as complex as it gets.
Anxiously running to a place we'd rather not go,
Wondering and worrying because we do not know.
Our strength does wax and wane,
And we feel out of control again.
We must bow our heads again,
So we can lift our chins, and begin.
Our connection to Diety, sometimes strong,
Is the one connection that is never wrong.
Heaven knows where to find us,
And Heaven's cause is always just.
While we are in the heat of life's blows,
May we learn what an angel knows.
 May the angels lift the ones who fall behind,
And help in the rescue of all mankind.
At all times, Heaven wants to be known,
And is always waiting for our return home.
__________________________________________________
Wade B. Cook

CORPORATE TAXATION

When we think about corporate taxes the field of inquiry becomes muddled with . . . well, mud slung from different political positions. Any discussion has to include a reference to "static" or "dynamic" considerations. Liberals (including myopic bureaucrats in government) primarily use a static model. Conservatives, and other right thinking people, know this presents one falsehood after another. And the problem with these falsehoods is that "computer models" then dictate present and future policies.

Here's a quick example. If taxes are at 20% on $100,000 and the government raises the rate to 30%, they will not take in an extra $10,000. That's static. Life is dynamic. We all make decisions based on our interests. We cut back, we buy tax shelters. We don't expand our businesses. We prolong selling assets. As a result, we contract, the economy contracts. It's not good. And one ugly side-effect is that the government takes in less revenue. Then, the disease of stupidity catches on, and spreads among the Liberal intelligentsia like a contagion and they ask for higher rates--adding more insult.

Real world experiences teach the opposite. I'll tell a personal story. I was taking my 15 year old daughter Carrie to a class. I asked her what she thought of this same scenario. I used the same 20% and 30%. Without being prompted she said, "No, they [the government] won't take in more. People will make less. Businesses won't grow and everything goes down." Oh, the pride of Papa Wade!

Kevin A. Hassett in NATIONAL REVIEW magazine put it this way: ". . . the counter intuitive economics of corporate tax reform." It was not counter intuitive to my daughter! It's natural to think in dynamic ways. The problem we face is so many government politicians. But people adapt and adjust. In short, they make better choices for themselves.

Mr. Hassett goes on: "How did we get here? The lion's share of the blame can be pinned on Democrats. They are in such denial on this issue that President Obama's proposed corporate tax 'reform' actually would increase the taxes paid by U.S. corporations."

True, and reality must check itself at the door of reason. Lower tax rates mean an expansion of the economy. This expansion is growth. Growth is profits, jobs, a better standard of living, and all things good. Growth seems anathema to liberals.

We now have the highest corporate tax rate in the world (of all economically developed countries). The world generally gets smart. They too adjust and adapt. "The change came after an explosion of academic literature that identified clear links between lower corporate rates and economic growth." (Ibid., Hassett)

And here's the rub: Studies conclude that labor - the working people - get much if not all of the corporate tax. And the counter intuitive and comical (if the results were not so pathetic) aspect to all of this is that lower rates (broad-based and permanent) would benefit workers more than corporations. The President's economic illiterate policies are destructive and recessionary.