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Hikes in marginal tax rates will discourage investment in new ventures. Those who dismiss concerns about "tax hikes on the rich" who can presumably afford to pay more should understand that among those "rich" people are well-to-do older relatives and friends of aspiring entrepreneurs, the first source of investment for most new businesses that would otherwise have trouble securing capital - especially in the midst of a credit crunch.Ed Kilgore at the link ...
All this is to say that in the eyes of many conservatives, marginal tax rates always have to go lower, no matter what, and any government regulation or mandate is never affordable. They should just call it the 'don't tax rich uncles!' principle, and save a lot of time and trouble otherwise spent in articulating particular versions of this incredibly consistent gospel, that offers economic and political salvation in every imaginable circumstance.Me like snarky Ed.
Source - The Democratic Strategist
F.A. Hayek warned us about Carl Schramm’s Tyranny: Mises Warned us of Carl Shramm’s/Dane Stangler’s Post Office
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“[Socialists] promise the blessings of the Garden of Eden, but they plan to transform the world into a gigantic post office.”” –Ludwig Von Mises predicting what the Kauffman Foundation would become after seven years of tryannical, corporate-CEO, personal-profiteering, anti-intellectual, anti-entrepreneurial Schrammenomics.
“Those fighting for free enterprise and free competition do not defend the interests of those rich today. They want a free hand left to unknown men who will be the entrepreneurs of tomorrow…” –Ludwig Von Mises talking about why Carm Schramm goes to the $ 3,995.00/head Milken Institute to address his fellow corporate-statists on Kauffman’s dime, instead of funding innovators, true academics, entrepreneurs, entrepreneurship, and inventors who are losing their homes and businesses as the eocnomy withers after seven lonmg years of Schrammenomics and Schramm funnels himself and his growthology buzzword-bloggers millions from the Kauffman endowment (which was meant to go to entrepreneurs, true academics who are not afraid to quote Hayek and Mises, and innovators), while pretending to serve the innovators and entrepreneurs Schramm opposes in his characterless actions and by saying one thing while doing another.
I sit on a man’s back, choking him, and making him carry me, and yet assure myself and others that I am very sorry for him and wish to ease his lot by any means possible, except getting off his back. –Tolstoy Writings on Civil Disobedience and Nonviolence (1886)
ReplyDeleteF.A. Hayek/Mises warned us about Carl Schramm et al.’s Temporal Tyranny, where he hires thug deputies such as Dane Stangler to backdate research and make it look like Schrammenomics embraces the Austrains, when, in fact, he compeletly ignores them in word, deeed, spirit, and action.
Because Schramm has hijacked the $2.5 billion Kauffman foundation, he runs it as a top-down dictarorial CEO would, with every action motivated by self-preservation as the Nobel in economics slips further and further beyond his intellectually-inept reach. Sycophantic lockstepping lawyers such as Dane Stangler will never call Schramm out, as thier salary depends on supporting Statist Schrammenomics above truth, beauty, and reason, and they will go so far as to backdate Kauffman research to serve their master.
austrianeconomicsentrepreneurship.wordpress.com/2009/05/31/the-epic-failure-of-the-kauffman-foundation-under-carl-schramms-anti-austrian-fiat-leadership/
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Leading the Entrepreneurial Renaissance« Welcome to Austrian Economics & EntrepreneurshipThe Epic Failure of the Kauffman Foundation and Entrepreneurial Capitalism under Carl Schramm’s Anti-Austrian, Anti-Entrepreneurial, Anti-Founding Fathers Fiat Leadership
“If ye love wealth greater than liberty, the tranquility of servitude greater than the animating contest for freedom, go home from us in peace. We seek not your counsel, nor your arms. Crouch down and lick the hand that feeds you; and may posterity forget that ye were our countrymen.” –Samuel Adams to Carl Schramm the Statist who Exalts Capitalism and Wealth over Liberty, Jefferson, Hayek, Mises, and the Constitution
While Carl Schramm tries to tell us that our freedom comes from postmodern Capitalism and thus the Federal Reserve, Thomas Jefferson, like the Austrians, tells us the Truth, “The God who gave us life gave us liberty at the same time; the hand of force may destroy, but cannot disjoin them.” –Thomas Jefferson
Judging by the title of a recent Wall Street Journal piece which mocks the great Schumpeter while misappropriating his name, “Schumpeter’s Moment
Capitalism remains the foundation for economic growth and freedom,” it appears that Carl Schramm would like to rewrite Jefferson’s Declaration of Independence as follows: “We hold these truths to be self-evident, that all men are created equal, that they are endowed by Capitalism and the Federal Reserve with certain unalienable Rights, that among these are Life, Liberty, and the pursuit of Happiness.”
Carl Schramm, in all his well-funded fiat arrogance, dismisses the supreme wisdom of America’s original entrepreneur–Benjamin Franklin:
Freedom is not a gift bestowed upon us by other men, but a right that belongs to us by the laws of God and nature. –Benjamin Franklin
This will be the best security for maintaining our liberties. A nation of well-informed men who have been taught to know and prize the rights which God has given them cannot be enslaved. It is in the religion of ignorance that tyranny begins. –Benjamin Franklin
Men will ultimately be governed by God or by tyrants (Schramm and his Harvard MBAs/legal team). –Benjamin Franklin
Rebellion to tyrants is obedience to God. –Benjamin Franklin
Whoever would overthrow the liberty of a nation must begin by subduing the freeness of speech. –Benjamin Franklin
Only a virtuous people are capable of freedom. As nations become more corrupt and vicious, they have more need of masters. –Benjaimn Franklin
Interestingly enough, the above quotes come from a story at the Mises Institute: mises.org/story/1144