Written by Oliver Perry
Fox News reported that presidential candidate Kamala Harris affirmed her support of a federal wealth tax.
It’s meant to hit only the “super wealthy”:
“The proposal would impose a minimum tax of 25% on total income, generally inclusive of unrealized capital gains, for all taxpayers with wealth (that is, the difference obtained by subtracting liabilities from assets) greater than $100 million,” the Treasury Department stated in its FY25 revenue proposals. The same proposal was also put forth by the Biden-Harris administration in fiscal year 2024 and in fiscal year 2023, but the minimum taxable amount was 20%.
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Tags: A.Q. Smith, Alexandria Ocasio-Cortez, Bernie Sanders, Biden-Harris Administration, Capitalism, Donald J. Trump, First Amendment, Franklin D. Roosevelt, Income Tax Amendment, Jeff Bezos, Jennifer Szalai, Joe Biden, Kamala Harris, Karl Marx, living Constitution, Ludwig von Mises, Mark Zuckerberg, New York Times, Ryan Doerfler, Samuel Moyn, Sixteenth Amendment, super wealthy, U.S. Constitution, U.S. Supreme Court, wealth tax
Federal Issues, Marriage, Family & Culture, Political | Alyssa Sonnenburg | September 17, 2024 5:00 AM | Comments Off on Wealth Taxes, Court Packing, and Revolution
Written by Ed Vitagliano
Ideas have consequences, and the worse the idea, the more widespread the resulting catastrophe.
The socialist theories of the 19th century – the most influential of which was The Communist Manifesto, written by Karl Marx and Friedrich Engels – led to terrifying slaughter in the century that followed. In terms of a death toll instigated by the mind of man, the 20th century was the worst ever experienced by humanity.
“Nothing in the long span of human history comes close to the tyranny, terror, and mass genocide caused by Marxism in power – nothing,” declared C.… Continue Reading
Tags: C. Bradley Thompson, Capitalism, Che Guevara, Communists, Fidel Castro, Friedrich Engels, Joseph Stalin, Karl Marx, Leon Trotsky, Mao Tse-tung, Marxists, Sergey Nechayev, Socialists, Vladimir Lenin
Economics, Faith & Religion | Benjamin D. Smith | January 11, 2021 4:00 AM | Comments Off on Bloody Century, Compliments of Marxism
Written by Dr. Everett Piper
On Tuesday, Sept. 24, 2019, U.S. House Speaker Nancy Pelosi announced a formal impeachment inquiry of President Donald Trump for allegedly asking the Ukrainian president to investigate Joe Biden. U.S. House Minority Leader Kevin McCarthy responded: “Facts be damned. Democrats are insisting this is their moment to impeach President Trump. Speaker Pelosi’s decree changes nothing.”
And, thus, without even intending it, Mr. McCarthy just stumbled into what will be the campaign slogan for the Democratic Party from now until November 2020.… Continue Reading
Tags: Alexandria Ocasio-Cortez, Anti-Semitic, Barack Obama, Bernie Sanders, Beto O’Rourke, border security, Capitalism, Democratic Party, Donald Trump, Douglas Groothuis, Elizabeth Warren, Green New Deal, human-trafficking, Ilhan Omar, Joe Biden, Kamala Harris, Kevin McCarthy, Nancy Pelosi, Pete Buttigieg, Planned Parenthood, Rasmussen, Saikat Chakrabarti, sexual anarchy, Socialism, STDs, Title IX, U.S. Labor Department, unemployment rate
Federal Elections, Political | David E. Smith | September 30, 2019 6:00 AM | Comments Off on Denial of Reality Could Become a Democratic Campaign Slogan
Written by Wendy Wilson
Americans today are less likely to define socialism as government ownership of the means of production and more likely to describe it in relation to equality or government benefits and social services, according to a new Gallup poll conducted in September.
Only seventeen percent of Americans in 2018 define socialism as government ownership of the means of production compared to twice that number in 1949 when Gallup first surveyed Americans on the term.… Continue Reading
Tags: Alexandria Ocasio-Cortez, Bernie Sanders, Big Government, Capitalism, Gallup Poll, Julie Roys, Karl Marx, Marxism, Socialism, worldview
Marriage, Family & Culture | David E. Smith | October 19, 2018 5:00 AM | Comments Off on Definitions of Socialism Broaden as Support for Capitalism Drops, Gallup Research Shows
Written by Walter E. Williams
Poverty is no mystery, and it’s easily avoidable.
The poverty line that the Census Bureau used in 2016 for a single person was an income of $12,486 that year. For a two-person household, it was $16,072, and for a four-person household, it was $24,755.
To beat those poverty thresholds is fairly simple. Here’s the road map: complete high school; get a job, any kind of a job; get married before having children; and be a law-abiding citizen.… Continue Reading
Tags: Bernie Sanders, Bureau of Labor Statistics, Capitalism, Census Bureau, Friedrich Hayek, Poverty, Socialism, USSR, Walter E. Williams
Education, Federal Issues | David E. Smith | August 3, 2018 7:04 AM | Comments Off on Why People Keep Falling for Socialism, Despite the Evidence
Written by Walter E. Williams
Several recent polls, plus the popularity of Sen. Bernie Sanders, demonstrate that young people prefer socialism to free market capitalism. That, I believe, is a result of their ignorance and indoctrination during their school years, from kindergarten through college. For the most part, neither they nor many of their teachers and professors know what free market capitalism is.
Free market capitalism, wherein there is peaceful voluntary exchange, is morally superior to any other economic system.… Continue Reading
Written by Joe Carter
“Socialism,” said Richard John Neuhaus, “is the religion people get when they lose their religion.” While that might have been true in Neuhaus’s day, many young Christians are now attempting to have their faith and socialism too.
I never got the opportunity to meet Fr. Neuhaus. He died in January 2009, two months before I started working as the web editor at the magazine he founded, First Things. I suspect, though, that the staunch advocate of democratic capitalism would be surprised and dismayed to find his publication now has editors who identify as socialist and columnists who claim capitalism is inimical to Christianity.… Continue Reading
Tags: Andrew Strain, Capitalism, David Bentley Hart, David Ciepley, Dorothy Day, Economics, Free Market, G.K. Chesterton, John Zmirak, Pascal Boyer, Ray Dalio, Richard John Neuhaus, Robert Sirico, Socialism
Federal Issues | Benjamin D. Smith | August 3, 2017 4:00 AM | Comments Off on Why is Socialism Being Promoted by Conservative Christian Outlets?
Written by Robert Knight
Socialism is still in vogue, regardless of its sorry record all over the world for the last century. The Free Stuff Army is on the march, especially in the United States.
There’s something about deploying the government as a mugger to obtain the fruits of someone else’s labor that appeals to the worst in us. But it invariably leads to poverty, dishonesty and even tyranny.
Years ago, I visited Jamaica when it was under a socialist government. … Continue Reading
Written by Thomas Sowell
Many people of mature years are amazed at how many young people have voted for Senator Bernie Sanders, and are enthusiastic about the socialism he preaches.
Many of those older people have lived long enough to have seen socialism fail, time and again, in countries around the world. Venezuela, with all its rich oil resources, is currently on the verge of economic collapse, after its heady fling with socialism.
But, most of the young have missed all that, and their dumbed-down education is far more likely to present the inspiring rhetoric of socialism than to present its dismal track record.… Continue Reading
Written by Charles Battig
While political pundits ponder the reasons for presidential candidate Bernie Sanders’s success with his socialist message among younger voters, they might also consider the “power of myth” as evidenced by human behavior.
Historian Joseph Campbell’s reflections on the topic aired on PBS in the mid-1980s and were later published in 1988 under the title The Power of Myth. Campbell documented and analyzed recurring basic themes embedded in the folklore and mythology of most every culture…good vs.… Continue Reading