Tax Cuts Are Not Magic

Today, Republicans extol the virtues of lowering marginal tax rates, citing as their model the Tax Reform Act of 1986, which lowered the top individual income tax rate to just 28 percent from 50 percent, and the corporate tax rate to 34 percent from 46 percent. What follows, they say, would be an economic boon. Indeed, textbook tax theory says that lowering marginal tax rates while holding revenue constant unambiguously raises growth.

But there is no evidence showing a boost in growth from the 1986 act. The economy remained on the same track, with huge stock market crashes — 1987’s “Black Monday,” 1989’s Friday the 13th “mini-crash” and a recession beginning in 1990. Real wages fell.

I helped create the GOP tax myth. Trump is wrong: Tax cuts don’t equal growth.

Consequences of Free Speech

“The tech companies should stop censoring users that they politically disagree with or governments should regulate them as public utilities,” Torba’s spokesman Utsav Sanduja said. Last year, Sanduja and Torba founded Gab.ai, an alternative social network for free speech advocates. “Imagine if a private corporation owned all the highways and they decided to close them down whenever they feel like it — that is what it’s like. You cannot deny people a fundamental staple of the Internet.”

The Washington Post: In Silicon Valley, the right sounds a surprising battle cry: Regulate tech giants

It’s more like you claiming that you should be able to take the public highway (the Internet) to a privately owned restaurant, where you spew racist and misogynist bile, and the restaurant staff and other patrons just have to accept your presence and cannot kick you out.

The article goes on to conflate the liberal preference for legally enforced net neutrality (anyone can drive on the highway, but the restaurants along the way can make their own rules) with the desire of these morons to legally prevent private social, payment, and infrastructure networks from kicking people off for using their platforms to espouse hate (the above scenario).

The most hilarious outcome of all this would be if conservatives finally decided to abandon their preference for not using federal government power to break up monopolies, all because some Neo-Nazis got kicked off twitter.

Pulling Back the Rug

I believe that the world has now seen what we have been sweeping under the rug for many many years — thinking we were in a post-racial society. … I think that this catalyst shows the world, 1: that it’s a problem, a real problem, that exists in our country; 2: that white extremism should be classified as terrorism, and now that we attached the terrorism word to it, it will get more resources. It will be at the top of people’s minds.

What people need to understand is that since Sept. 11, more Americans have been killed on U.S. soil by white supremacists than by any other foreign or domestic group combined by a factor of two. Yet we don’t really talk about that, nor do we even call these instances, of the shooting at Charleston, S.C., or what happened at Oak Creek, Wis., at the Sikh temple or even what happened in Charlottesville this weekend — as terrorism.

Former white supremacist Christian Picciolini on Charlottesville as a (possible) turning point

Rock Beats Scissors

The white nationalist riot in Charlottesville, a city that boasts “diversity makes us stronger,” made a lot of things clear. One of them is that generic solutions to the racial problem — bland affirmations of inclusiveness, tolerance and “free speech” — will no longer work. Indeed, they have never worked, at least not on their own. The problem of discrimination and equality in America has been far more dynamic, operating like an oversized historical game of paper-rock-scissors. And in such a game, throwing the same thing over and over again is never a good idea.

N. D. B. Connolly: Charlottesville showed that liberalism can’t defeat white supremacy. Only direct action can.