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Originally posted on The Jeffersonian:

I have Reagan set up as a key word in my Google news feed. If a news item appears on the web with that proper name in it, Google News shows it to me. That means I see football scores for Ronald Reagan High School’s latest game, and items about highways, airports, and mountains named after the fortieth president. Republican candidates like to mention him, but the man himself is not in the news so often.

The past week has been an exception. On October 27, 1964, just about a week before the presidential election contest between Barry Goldwater and Lyndon Johnson, Reagan delivered a televised address to explain why voters should support Goldwater. Sometimes known simply as The Speech – he delivered variants of it many times – he called the version he delivered on October 27, A Time for Choosing. That title captured the choice he laid out before the country.

Reagan…

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Originally posted on The Jeffersonian:

The media’s main theme for Ferguson has been racial, but we all know it is more than that. This conflict arrays citizen against state authorities State authorities cannot just shoot you down in the middle of the street because they feel like it, no matter what color the police officer, no matter what color the victim. Remember, leaving Michael Brown’s body in the street for hours was not an accident. The city would have removed a dead stray dog faster than they removed Michael Brown.

Meghan O’Donnell, 29, from St. Louis, prays at the spot where Michael Brown was killed.

Without a doubt, the state has made itself an enemy of the state. Here is what I mean: state authorities, including militarized police, think that because they have all the power of the state behind them, they can do what they like, including shoot people at will. Unarmed citizens comprise…

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Originally posted on The Jeffersonian:

Policemen shoot dogs and people with equal abandon. They don’t shoot horses because horses are docile, and they don’t shoot cats because cats are harder to hit. When a SWAT team attacks a house with weapons drawn, with no care for anyone’s safety but their own, what do they think is going to happen?

The surprise home invasion has unsurprising results: a pet dog dead on the floor, a baby terribly injured from a stun grenade tossed blindly into a room, an elderly man shot in his bed. What is a common mission for these home invasions? To serve a warrant ginned up for a drug search!

No one wants to say the dread word. Tyranny. No one wants to believe that state intimidation has become normal. What was once unimaginable is now justified as necessary. The right to be secure in our homes did not slip away gradually; it shattered…

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Originally posted on The Jeffersonian:

THE PRESIDENT: Good evening. Today I authorized two operations in Iraq — targeted airstrikes to protect our American personnel, [and humanitarian aid].

Let’s parse the latest from the White House. What are targeted air strikes? I guess those are different from untargeted air strikes, like the ones we conducted for years in Afghanistan, where we mistakenly murdered people at weddings and funerals. We insisted those were targeted air strikes, too, only we missed. You wonder why the president feels he needs to tell us the air strikes he orders actually have targets. I guess he doesn’t want listeners to think we drop bombs and launch missiles indiscriminately. That would recall our missions to incinerate Japanese cities, which Curtis LeMay would say worked just fine.

The second part of the president’s announcement is interesting, too. He says that the purpose of targeted air strikes is to protect American personnel. No government…

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High Taxes Chase More Companies from Our Shores

Mega drugstore chain, Walgreen’s, is considering a merger with European competitor, Alliance Boots.   As part of the deal, Walgreen’s would move its corporate headquarters to Switzerland and in the process lower its effective corporate tax rate from 31 percent to 20 percent.

Walgreen’s is just one of many American firms that are contemplating using the tax reducing strategy called inversion – merging with foreign competitors in countries with lower tax burdens and then reincorporating in those countries while maintaining business interests in the United States.

Naturally, the economically illiterate are having a hissy fit. They are concerned about the revenue lost by government when firms relocate abroad. Walgreen’s actions are being called everything from “unfair” to “unpatriotic”. Senator Dick Durbin, from Walgreen’s home state of Illinois, told The Chicago Tribune, that he is “troubled by American corporations that are willing to give up on this country and move their headquarters for a tax break. It really speaks to your commitment.”

What’s amazing is that Senator Durbin and other statists do not understand how the market works. Business exists to turn a profit, not to fill the treasuries of government. And businesses make a profit by providing a better good or service at a lower price than its competitors. This in turn, benefits consumers, especially lower income ones. Thus, it should surprise no one that Walgreen’s and other companies would consider moving abroad to lower costs. After all, since the latter part of the last century, America has become accustomed to its businesses offshoring jobs to other countries.

But, try telling Durbin and his ilk that it’s their beloved government’s fault that U.S. companies and the jobs they provide have gone overseas. Back in October, this commenter predicted medical device companies would jump ship due to Obamacare’s new excise tax making their products more expensive to produce. Sure enough, last month medical device giant Medtronic announced a proposed $42.9 billion offer to buy Irish company Covidien and make lower tax haven Ireland its corporate home.

At the end of the day, the ability of business to move offshore is the check against government raising taxes forever higher. Otherwise, consumers of government services will continue to demand more and more and taxes on business will be raised higher and higher. As Chief Justice John Marshall believed, “the power to tax involves the power to destroy”.

If America is going to retain its business and reacquire businesses that have already left, we need to compete with the rest of the world. Americans need to understand that there are consequences to the profligate spending of government and the over regulation and taxation of business. The sooner Senator Durbin and his ilk understand this, the better.

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An Update on How the Minimum Wage Hurts Workers

It has been a while since I last blogged. A lot has happened recently that is worth commenting on. But, this post will focus on the correctness of my previous postings that the minimum wage hurts workers.

According to Andy Puzder, the CEO of CKE Restaurants – parent company of Carl’s Jr. and Hardee’s, in locations across the country where the minimum wage has been increased, his company’s franchisees are closing shops after their leases expire. “When the minimum wage increases, there are two things you can do,” he said. “One is you can reduce the amount of labor that you use or you can increase your prices.” Unfortunately, minimum wage increases do reduce jobs; as in the case above sometimes all jobs are eliminated.

But, Puzder is also correct about the causation between minimum wage increases and price increases. Many businesses in SeaTac, Washington, where the local minimum wage has recently been increased to $15, have imposed an 8.25 percent “Living Wage Surcharge” on goods and services to ease the increased cost of labor on business.

However, the bulk of the negative consequences of the $15 minimum wage in SeaTac have fallen on local workers. Those making the higher wage have reported losing their 401ks, paid holidays and paid vacations, free food, free parking, and overtime hours. In many cases, these benefits plus the lower state minimum wage added more value to workers’ earnings than the new $15 wage.

In the final analysis, the minimum wage does not enrich the working class or stimulate the economy like its proponents claim. Quite the opposite is true. The money involved to pay for the increased labor costs is not free. It comes from consumers in the form of higher prices and it comes from workers in the form of lost benefits and lost jobs.

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Originally posted on The Jeffersonian:

About a generation and a half elapsed between November 22, 1963, to September 11, 2001: thirty-seven years, nine months, and twenty days. If you were born the day Kennedy died, your children would be youngsters on 9/11, as I was on November 22, 1963. We let something terrible happen in 1963: criminals murdered our president, and we did not raise holy hell when they lied about what they had done. A little over thirty-seven years later, the instititutional children of those criminals struck again, and we did the same thing. We let them get away with it.

After long, careful and thorough research, we have good evidence now that we permitted a coup in 1963. A long time passed – more than forty years – before many of us understood or believed that. We don’t know yet what occurred on September 11, 2001. The events of that day present more complications…

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