Tuesday, April 16, 2024

Notes and Noted 1


Notes and Noted 1
 

On Monday, Sheila Jackson Lee delivered a speech for supporters ahead of the total solar eclipse, in which she spoke about the sun and the moon.

"Sometimes you've heard the word full moon, and sometimes you need to take the opportunity just to come out and see a full moon...that complete rounded circle, which is made up mostly of gases," the Texas Democrat said. "The sun is a mighty powerful heat, and it's almost impossible to go near the sun."

She added that "the moon is more manageable"

She used to be on the House's Science, Space, and Technology Committee  

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Poverty is no mystery. Poverty has been, and remains, man’s standard dish throughout history in most places in the world. Affluence is the mystery. Why is it that a small portion of the world’s population for only a tiny part of its history is exempt from the fate that has befallen the rest of the world?--williams

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The political model for make-work programs is FDR’s Civilian Conservation Corps, which paid Americans to work when nearly one in four were jobless. The U.S. now has a labor shortage, but the Biden Administration wants to mobilize more than 20,000 initially for something called the 'Climate Corps'—and some 50,000 by 2031. Ms. Ocasio-Cortez and Massachusetts Sen. Ed Markey want the Climate Corps to employ 1.5 million over five years.
The trough expandth.

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The Biden tax hikes would primarily fall on capital income, leading to less domestic investment, fewer jobs, and slower economic growth. According to estimates from the Tax Foundation, the budget proposal would reduce long‐​run GDP by 2.2 percent, hurt wages, and eliminate 788,000 jobs. This is likely a significant understatement of the negative economic effects. The analysis notes that the budget’s proposals will make America an international outlier on individual and corporate taxes, making the U.S. a less attractive investment.

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“Science is the great antidote to the poison of enthusiasm and superstition.”--Adam Smith

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A new poll asked, “How much do you think the top 1% of taxpayers by income account for in terms of share of total federal income taxes paid?"

The correct answer, as of 2020, is 42%. The top 1% of income earners pay 42% of the taxes in this country. But less than a quarter of those surveyed guessed right. Twenty-two percent (including more than a third of Democrats) thought the top 1% of taxpayers paid only 1% of income taxes. Twenty-five percent suggested it was 12% of revenue. Nineteen percent said they weren’t sure.

Maybe the citizenry has a very poor concept of numbers but how would anyone know with people like Biden--who are supposed to be representatives of the people in the country--saying the 'rich' pay less than a secretary or plumber?

As a communications strategy, Republicans could do worse than simply repeat the official IRS data over and over.

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