Your apples are ripe. It is time to harvest them. What is the best way to harvest those apples . Do you pick them from the tree or do you chop down the tree . Apples are income. The trees are capital. The reason we want a socalled, consumptionbased tax because we dont want to mistreat capital. But to understand why it is so foolish, dont think about marxism, socialism, free market theories think about it this way, if you chop down the tree or more accurately what the current tax system does if you harvest apples by sawing off branches of the tree, what does that do for your longrun prosperity, your longrun income . You obviously will have fewer apples next year. It doesnt make sense to quadruple and triple tax capital. On this issue marxists and socialists are right they agree with sensible economist. You need capital for long run growth. We should have a tax system treats all income equally. No longer tax income saved and invested. You want neutrality in getting rid of all the loophol
In the 1940s and putting together the concept of income we now use today under the income tax they were neglecting the adverse effect on the labor force and it wasnt unknown. The godfather of the income tax henry simons and one of the two leading godfathers admitted that it would damage the economy and his current disciples dont want you to remember that or theyve forgotten it. Heres what simons said about Income Taxation. Income taxation is broadly an instrument of economic control. A means of mitigating economic inequality which well assume that moderation of inequality is an important objective of approximately see and perceived income tax is devices for effecting it. The case for drastic progression in taxation must be rested on the case of inequality on the ethical or aesthetic judgment that the prevailing distribution of wealth and income reveals a degree and or kind of inequality which is distinctly evil or unlovely. Not particularly scientific. In fact, it is reasonable to expe
Franklin bridge, a nice start to the morning. Lets go outside to chris ay than yesterday. Reporter not only will we see more in the way of sun, the humidity drop off it will feel better. 65 in reading. 60 in the poconos. The cold front has swept through, it is at this pointelst to drop off. Dover, 73. Millville, 74. 74 degrees, as well. Dewpoint temperatures if you look to the southeastaware, lotf 70s showing up. Thatsir to the northwest. You can see the mid 60s. You can see numbers will drop off, all dropping into the upper 60s by evening. Hours still. Satellite and radar well mostly sunny to partly cloudy today, there are showers working across the virginias, a lot of that w south. Maybe a couple of sprinkles for ocean city maryland or southern Sussex County in delaware. Th clouds thats the call from accuweather today. Turning less humid high of nicee weekend. The humidity builds next week. Ill be back along with the details. And talk about the possibility of accuweather seven day su
It could be key in his effort to become the choice of establishment republicans. sot senator marco rubio the democrats dont want to run against me, but i want to run against them danielle nottingham, cbs news, pahrump, nv cruz is hitting the ground hard here in nevada after a disappointing third place finish in South Carolina, where he lost the evangelical vote to trump sot ted cruz, republican president ial candidate it is becoming clearer and clearer that we are the one campaign that can beat donald trump. Infact were the only campaign that has beaten donald trump his supporters agree. katreen romanoff, cruz supporters he will do the best to save our country. More than that hes going to save the constitution. Were going back to the constitution. Senator Bernie Sanders was also looking to rebound from a tough loss in nevada to hillary clinton. He attended Church Services in South Carolina sunday trying to court black voters. The democrats have their next contest saturday in the palmet
Pam ahead at 8. New indications in the u. S. That the viet the virus is not only spread by mosquitoes. But the latest concerns. Community outrage finally getting some with up from San Francisco city hall about a burgeoning homeless encampment and the latest on the disturbing discovery in fremont a womans torso. He tells next. Details next tells next. Details next s and congestion. No other nasal allergy spray can say that. When we breathe in allergens our bodies react by over producing six key inflammatory substances that cause our symptoms. Most allergy pills only control one substance. Flonase controls six. And six is greater than one. Complete allergy relief or incomplete. Let your eyes decide. Flonase. 61 changes everything. Grant people who had been out fishing spotted the torso, the human remains are only a torso. Along with a beer . We will have more on the details as they materialize. Pam now that the Golden Gate Bridge has a movable barrier, authorities believe the risk of hea