Showing posts with label new green deal. Show all posts
Showing posts with label new green deal. Show all posts

Sunday, March 31, 2019

Alexandria Ocasio-Cortez Insanity, Part 6: The Idiocy Of Forgiving Student Loans and Even Her Mom Takes a Powder To Florida To Avoid High Taxes

Over the past few months, New York City Congresswoman Alexandria Ocasio-Cortez has established herself as a human gaffe machine. Her inability to do simple math, her outlandish ideas based on an alternative reality, her economic ignorance, and lack of common sense has resulted in an almost daily stream of idiocy, inane comments, and ridiculous ideas that have no basis in reality.

As a result, most of our recent political class insanity posts have almost always had an Ocasio-Cortez piece of insanity. Thus, we have decided to separately track her craziness and idiotic takes on economics, business, government, and whatever else on a regular basis under its own set of posts. She deserves to have a separate effort that captures all of the ridiculousness she espouses.

The original format we were going to use was to start with a set of her original inane ideas and just continue to build on that initial list as time goes by. But after just three summaries of her idiocy and stupid ideas it has become obvious that we cannot continually add to the existing set of ineptness, that list would get too large too quickly.

Thus, each new Ocasio-Cortez post will have only the latest gaffes out of her mouth. To review her previous idiocies just enter her last name in the search box above. The latest post can be accessed at:


Let’s get started:

1) Greg Holt, writing for the Godfather Politics website on March 18, 2019, gave a quick review of some of Ocasio-Cortez’s stupidity and ignorance before going into her latest misreading of reality:
  • She is a Congresswoman who majored in economics in college but does not know the real definition of the unemployment rate.
  • She must have taken business classes if she was an economic major but still had no concept of the economic bonanza that Amazon would have brought to her Congressional district when she helped chase the company away.
  • She thinks Medicaid is a well run operation that is cheaper than private healthcare, radically wrong on both points.
  • She says that Americans should be “excited” about “being automated out of work.”
  • She is pushing a disaster known as the “New Green Deal” which also included getting rid of cows, getting rid of air travel, and giving free money to anyone who decided they did not want to earn money at a job.
  • She totally misread a Pentagon audit report and claimed that the Pentagon had misspent $26 TRILLION over a ten year period even though the TOTAL Pentagon budget over those years was less than half of that.
And now we have the latest idiocy from her. In a recent tweet she said:

Cost of the GOP Tax Scam for the rich: ~$1.8-2.3 Trillion
Cost of forgiving all student loans in America: ~$1.5 Trillion
Clearly where there’s a will, there’s a way.
When people say that there isn’t “enough” to do these things, what they mean is they don’t *want* to do them.

A few things about this idiocy:
  • It is not a tax scam for the rich, these people earned that money, they did not scam it from the poor.
  • Who said letting people get out from debt that they knowingly incurred is a good idea?
  • And by the way Congresswoman, there is not $2.3 TRILLION laying ground that we are giving to the rich, it is money they will not be paying in future taxes.
  • This is the same mistake you made when you thought that the $3 billion that Amazon was getting for moving into your Congressional district was somehow an existing pot of money that could be reallocated to other uses, it is a future reduction in taxes, not a current bucket of taxes.
So ignorant of taxation and life. Twitter users let her know how stupid this concept was:
  • Colin Moriarity: “I made an awful call as a kid, lived on campus, and walked out of NU $60k in debt, all because of private school room & board in a big city.I paid every penny back, with interest, 10 years early. Do I get my debt forgiven, too, or do I get to pay the Taking Responsibility Tax?"
  • Red Tide: “I paid back every dollar of my student loans. It's called taking responsibility for one's debts. It's what grown-ups do.”
  • “Vmf9569: “I agree with 1/2 of this. If you cancel their debt I want my debt canceled. I didnt go to college bc I couldn’t afford it. They did and now you are saying I should pay for their college? Why? Bc debt is hard to pay off? Yes, it is. Get a second and third job like I have.”
  • Am pollitcalnmoderate bol: “It’s the price of education, it’s not easy but it’s a choice people make, it’s not like he was forced to do it. He chose to, forgiving debts is just another way we’ll make people lazy and allow people to get away with horrible financial decisions with no consequences.”
  • Jess: “Yes let’s teach kids that when you borrow money you don’t have to return it. What a great lesson. I paid back all my loans. Sure I had a small amount compared to others but you still borrowed the money. We need to teach these ADULTS life lessons such as this.”
You get the idea. A lot of Americans with integrity worked hard to get an education and to pay for their education. Assuming that those that were not as honest or hardworking or had as much integrity deserved to have their loans paid off by those who actually work for a living is a travesty, which is just about everything that Ocasio-Cortez comes up with or says, a travesty.

2) I always have believed in karma, that anyone who is evil or stupid eventually gets put in their place by karma, Mother Nature, or whatever you want to call it. Ocasio-Cortez seems to think that she and other in Congress are entitled to the hard earned dollars of hard working Americans, that it it is the right of politicians to take as much as they can from an honest earning American.

Most famously she thought it was okay to rape the earnings of American earning over $10 million a year by taxing those dollars at an obscene rate of 70%. Taking 70 cents out of every incremental dollar starts approaching slave wages.

But there is a little karma or irony when you consider a recent article by Daniel J. MItchell from the Townhall website:
  • It has been no surprise that over the past few years many Americans have fled high taxation states like New York, Illinois, and New Jersey for lower taxed states like Florida and Texas.
  • Florida ranks number one in economic freedom from a recent study while New York finishes dead last.
  • The fact that Florida has no state income tax while New York has a very high state income tax rate explains a lot of this difference and why many New Yorkers are leaving the state in droves.
  • And this is where the karma and irony comes into play since, according to the New York Post, Ocasio-Cortez’s mother, despite her daughter’s call for higher and higher taxes, has actually moved out of New York to Florida to, wait for it, to avoid high taxation.
  • Specifically: “I was paying $10,000 a year in real estate taxes up north. I’m paying $600 a year in Florida. It’s stress-free down here,” Blanca Ocasio-Cortez told the Daily Mail.
  • Former Florida Rick Scott and current Florida Senator laid it out for Ocasio-Cortez: “The elites in New York and Washington should commission a study of Florida to see what happens when conservative ideas are put into practice. …Florida’s economy is thriving, expanding at a record pace. …There’s a reason Rep. Alexandria Ocasio-Cortez’s mom left New York for Florida. And there’s a reason companies are fleeing high-tax states, bringing jobs with them to Florida.”
So even though Ocasio-Cortez’s mother gets it, i.e. that there is no political freedom without economic freedom which is why she is looking to reduce her tax burden, the Congresswoman does not get it, always wanting to raise taxes for stupid, inane ideas. Listen to mom, Alexandria, she is a lot wiser than you have shown yourself to be.

That will do it for now. Her mother understands, freedom, responsibility, and America as does those hard working Americans who worked hard to get educated and worked hard to pay off their rightful debt, three concepts that are foreign to Ocasio-Cortez.

Our book, "Love My Country, Loathe My Government - Fifty First Steps To Restoring Our Freedom And Destroying The American Political Class" is now available at:


www.loathemygovernment.com

It is also available online at Amazon and Barnes and Noble. Please pass our message of freedom onward. Let your friends and family know about our websites and blogs, ask your library to carry the book, and respect freedom for both yourselves and others everyday.

Please visit the following sites for freedom:


http://www.reason.com
http://www.cato.org
http://www.bankruptingamerica.org

http://www.conventionofstates.com
http://www.youtube.com/watch?v=08j0sYUOb5w




Friday, March 15, 2019

Alexandria Ocasio-Cortez Insanity, Part 4: Getting Slammed By Greenpeace Founder, Calling America Garbage, and More

Over the past few months, New York City Congresswoman Alexandria Ocasio-Cortez has established herself as a human gaffe machine. Her inability to do simple math, her outlandish ideas based on an alternative reality, her economic ignorance, and lack of common sense has resulted in an almost daily stream of idiocy, inane comments, and ridiculous ideas that have no basis in reality.

As a result, most of our recent political class insanity posts have almost always had an Ocasio-Cortez piece of insanity. Thus, we have decided to separately track her craziness and idiotic takes on economics, business, government, and whatever else on a regular basis under its own set of posts. She deserves to have a separate effort that captures all of the ridiculousness she espouses.

The original format we were going to use was to start with a set of her original inane ideas and just continue to build on that initial list as time goes by. But after just three summaries of her idiocy and stupid ideas it has become obvious that we cannot continually add to the existing set of ineptness, that list would get too large too quickly.

Thus, each new Ocasio-Cortez post will have only the latest gaffes out of her mouth. To review her previous idiocies just enter her last name in the search box above. The latest post can be accessed at:

https://loathemygovernment.blogspot.com/2019/02/9-alexandria-ocasio-cortez-insanity.html

Let’s get started:

1) Ocasio-Cortez has a bachelor’s degree in economics. She is a former bartender. She has not advanced degree, she has no climate science experience or education, and she has never done any known research on climate.

And yet she has confidently and stupidly proclaimed to the world that the world will end in about dozen years unless we immediately tackle the likely myth of manmade climate change. And she wants us to follow her most inane New Green Deal plan to deal with the myth. 

So who should we believe, this novice adult or a former leader of Greenpeace, a long standing environmental advocate organization:

  • Greenpeace co-founder, Patrick Moore, recently proclaimed that following Ocasio-Cortez and her New Green Deal plan woulds result in the demise of the human civilization.
  • Specifically: “It would be basically the end of civilization if 85 percent of the world’s and and also 85 percent of the U.S.’s energy in the form of coal, oil, and natural gas were phased out over the next few years, like 10 years.”
  • Furthermore: “Basically, they are opposed to approximately 98.5 percent of all the electricity that we are all using and nearly 100 percent of all the vehicle and transportation and ships and planes that we are using,” Moore stated.
  • “So when I tweeted the other day and had a huge response — over 3 million impressions on Twitter — when I said ‘You don’t have a plan to feed 8 billion people without fossil fuels or get the food into the cities where it’s needed.’ That requires large trucks, and there’s not going to be electric trucks anytime soon hauling 40 tons of food into the supermarkets, where the people in the cities probably thinks it originates in the supermarket,” he explained.
  • “That will spread out as a rot from the center of metropolises all across the country and half the population will die in a very short period of time.” 
  • He went on to correctly and logically point out that if her plan was implemented, there would not be any trees left on the planet since wood would become the only viable energy source.
So who are you going to believe, a leading, experienced environmental friend of the Earth or a former bartender from NYC? Seems like a no brainer.

2) For a person who is quite young with very little worldly experience, besides living in a alternative reality, she really should keep her mouth shut most of the time before she says something, insults someone, or makes a fool of herself. 

Speaking a recent gathering of liberals, she proclaimed that the current state of America is “garbage” and that Ronald Reagan “pitted” white working class Americans against non-whites to “screw over all working class Americans.”

Specifically: “One perfect example, I think a perfect example, of how special interests and the powerful have pitted white working-class Americans against brown and black working-class Americans in order to just screw over all working-class Americans, is Reaganism in the ’80s when he started talking about welfare queens.”

Then she blurted out this thought which I can still not figure out what it means from a logic and historical perspective: “So you think about this image of welfare queens and what he was really trying to talk about was … this, like, really resentful vision of essentially black women who were doing nothing that were ‘sucks’ on our country.”

Not content to have one nonsensical statement she followed it up with this nonsensical statement: “And it’s this whole tragedy-of-the-commons type of thinking where it’s, like, because these one, this one specific group of people, that you are already kind of subconsciously primed to resent, you give them a different reason that’s not explicit racism but still rooted in a racist caricature. It gives people a logical reason, a ‘logical’ reason to say, ‘oh yeah, no, toss out the whole social safety net.'”

So let’s do a little analysis of her remarks:

  • America is “garbage” but millions and millions of non-Americans want to come here and live, certainly not a sign of a garbage society.
  • Americans donated over $400 billion to charities last year out of their hard earned earnings to help others who are less fortunate in their communities, certainly not a sign of a garbage society.
  • The Federal government takes American tax money and sends it overseas as foreign aid to help those in other countries, certainly not a sign of a garbage society.
  • Americans probably spend millions of hours a year volunteering in their communities to help others, being it building houses via Habitat For Humanity, working in food banks, etc, certainly not a sign of a garbage society.
  • The American economic system has raised the quality of life of its citizens to the highest level in the history of humanity, it currently has resulted in historically low unemployment rates in minority communities it has generated substantial economic and wage gains over the past two years, and it has resulted in incredible technology advancements such as Google, Facebook, smartphones, medical advancements, etc.
  • The Reagan comments she tries to spin, unsuccessfully into racism remarks, happened in the 1970s, not the 1980s, so just from a timeline perspective she is again wrong.
  • Reagan was not trying to get rid of welfare and support of needy Americans, he was trying to clean up welfare abuse ands save the taxpayers money, certainly not a racist thing to do.
  • It is tough to take anyone seriously and view them as a mature adult when they have to often interject the word “like” into their comments, “ talk about was … this, like, really resentful vision", “where it’s, like, because these," etc.

My gosh, she certainly put did herself with this speech and conversation. Dates are wrong, topics are wrong, her conclusions are wrong, and the concept that America is garbage is unbelievably wrong. But all of this is par for the course with her.

3) Let’s finish her insanity off today with some further comments she recently made with us annotating the parts of her vocabulary which show how immature and shallow her ideas are: 

  • “I think the thing that is really hard for people to sometimes see is that when we are on this path of a slow erosion and a slow, slow, slow, just, LIKE, move away from what we’ve always been, we’ll be a hundred miles, you’ll, you know you won’t even realize that you’ve drifted a hundred miles.”
  • “So, when someone’s talking about our core, it’s, LIKE, ‘oh this is radical.’ But this isn’t radical, this is what we’ve always been."
  • “And this idea of, LIKE, 10 percent better from garbage, is, shouldn’t be what we settle for. It’s LIKE this, LIKE, it feels LIKE ‘moderate’ is not a stance, it’s just an attitude toward life of, LIKE, hmmm.”
I’m sorry, even if what she said contained even an inkling of common sense, which it does not, I cannot take someone seriously who talks LIKE a 14 year old valley girl.

More Ocasio-Cortez gaffes, insanity, and idiotic ideas to follow.


Our book, "Love My Country, Loathe My Government - Fifty First Steps To Restoring Our Freedom And Destroying The American Political Class" is now available at:


www.loathemygovernment.com

It is also available online at Amazon and Barnes and Noble. Please pass our message of freedom onward. Let your friends and family know about our websites and blogs, ask your library to carry the book, and respect freedom for both yourselves and others everyday.

Please visit the following sites for freedom:


http://www.reason.com
http://www.cato.org
http://www.bankruptingamerica.org

http://www.conventionofstates.com
http://www.youtube.com/watch?v=08j0sYUOb5w





Sunday, February 24, 2019

Alexandria Ocasio-Cortez Insanity, Part 3: Being "Morally Right" But "Factually Wrong", The Idiocy Of The New Green Deal and More

Over the past few months, New York City Congresswoman Alexandria Ocasio-Cortez has established herself as a human gaffe machine. Her inability to do simple math, her outlandish ideas based on an alternative reality, her economic ignorance, and lack of common sense has resulted in an almost daily stream of idiocy, inane comments, and ridiculous ideas that have no basis in reality.

As a result, most of our recent political class insanity posts have almost always had an Ocasio-Cortez piece of insanity. Thus, we have decided to separately track her craziness and idiotic takes on economics, business, government, and whatever else on a regular basis under its own set of posts. She deserves to have a separate effort that captures all of the ridiculousness she espouses.

The format we will do is to start with a set of her original inane ideas and just continue to build on that initial list as time goes by. If the list gets too large, which it is likely to do, we will then find a good breaking point to start another list. We will try to source the original source of all of her gaffes, trying to use her own words that were stated either orally or via her Twitter account, a source of endless inane comments and ideas.

We have already listed out eleven major gaffes from her in the following post:


Thus, we start today’s array of missteps with misstep number 12. The original eleven are listed further down the post after the “*************” line.

12- According to Ocasio-Cortez: “I think that there's a lot of people more concerned about being precisely, factually, and semantically correct than about being morally right." So, according to her philosophy of life, it is better to ignore reality than to ignore what you think should be reality. 

I have trouble dealing with this type of illogical and inane thinking. You cannot resolve any problem in life without knowing the root cause of that problem. This another way of saying find out what the reality of the situation is and then apply the right solutions to that reality. She would rather ignore reality and live in some sort of fantasy world, a perception of life that will never allow here to resolve any of the problems facing the country and the reality we find ourselves in.

She obviously does not understand the reality of some of her proposed socialist programs: Medicare For All, New Green Deal, free college, free daycare, etc. As we have pointed out many times, the country is about to collapse under the crushing debt and unfunded liabilities of Social Security and Medicare. The total of the debt of the Federal and state governments and the unfunded liabilities is well over $100 TRILLION. Since the TOTAL wealth of every American is well under $100 TRILLION, there is simply not enough wealth to fund the financial hole that politicians have already dug for us as a nation.

So why in her mind it might be “morally right” to fund free college, free daycare, Medicare for All etc., the simple reality that she does not understand is that factually there is not enough wealth to fund her morally right programs.

But that is the beauty of existing in a “morally right” alternative like hers. You can get to dream up all of these wonderful ideas, unburdened by reality.

13- One of the more idiotic programs she is proposing is the New Green Deal. This is an impossible program to execute (see her “morally right” obsession above) since it involves transforming the entire country’s energy infrastructure to solar and wind within ten years. She ignores the realities that it took hundreds of years to build the country’s infrastructure up to what it is today, no way that gets replaced in ten years. I say ten years because that is about when she claims the world will end because of manmade climate change unless we listen to her.

Before we conclude why this is such an ignorant statement to make, consider some climate history:
  • In 1970, high regarded biologist Paul Ehrlich predicted that "all important animal life in the sea will be extinct" in 10 years or so. 49 years later most important animal life is still with us. 
  • Also in 1970, Nobel laureate biology professor at Harvard, George Wald, forecasted that: “Civilization will end within 15 or 30 years unless immediate action is taken against problems facing mankind.” 49 years later we are still hanging around. 
  • Also in 1970, Paul Ehrlich, also said that the world’s population would soon outstrip food supplies. 49 years later crop yields are as high as ever and the number of humans starving around has dropped significantly over the past decades. 
  • Ehrlich followed up on this starvation prediction when he claimed that, “The death rate will increase until at least 100-200 million people per year will be starving to death during the next 10 years.” 49 years later people are still starving but nowhere close to the rate he predicted. 
  • In 1968 he predicted: “If I were a gambler, I would take even money that England will not exist in the year 2000.” Good thing that he did not lay down that bet since 19 years later England is still hanging around. 
  • Noted British science writer Nigel Calder warned in a July, 1975 International Wildlife article that, “The threat of a new ice age must now stand alongside nuclear war as a likely source of wholesale death and misery for mankind.” So, as recently as about 44 years ago we were all going to die from an Ice Age, not global warming. 
  • Meteorologist C.C. Wallen claimed in 1975 in a Science News article that, “The cooling since 1940 has been large enough and consistent enough that it will not soon be reversed.” But according to other scientists it reversed a few years later when the exact opposite climate trend became popular, global warming. 
  • In 2000, British climate researcher David Viner told The Independent, a British newspaper, that in just “a few years” snow would become a “very rare and exciting event” in Britain and that “children just aren’t going to know what snow is...Snowfalls are now just a thing of the past.” In the next few years, Britain experienced some of its lowest temperatures and snowfall accumulations since records started being kept in 1914. Also, given that most of the U.S. Midwest is suffering through below zero temperatures, 19 years after Viner predicted the death of snow, I do not think they would agree with Viner either. 
  • Ecologist Kenneth Watt told a college audience in 1970: “The world has been chilling sharply for about 20 years. If present trends continue, the world will be about 4 degrees colder for the global mean temperature in 1990 but 11 degrees colder in the year 2000. This is about twice what it would take to put us into an ice age.” But those predictions never came true. 
  • In 1970, Senator Gaylord Nelson of Wisconsin wrote in Look magazine: “Dr. S. Dillon Ripley, secretary of the Smithsonian (Institution), believes that in 25 years, somewhere between 75 and 80 percent of all the species of living animals will be extinct.” Not even close 49 years later. 
  • In 2009, self proclaimed climate expert Al Gore predicted that there was an excellent chance that the North Pole would be melted within five years. Ten years later, the ice cap is still there, generating increment amounts of cold air as witnessed by the American living in the Midwest today. 
  • Scientist Harrison Brown predicted in 1970 that mankind would run out of copper shortly after the 2000 and that lead, zinc, gold and silver would be gone ten years earlier. 49 years later, these elements are still around and in good supply. 
So, famous scientists across many different fields, a Nobel laureate, the head of the Smithsonian,and Al Gore have predicted many catastrophic events related to climate. None of them, not a single one of their predictions came true. 

And yet 29 year old, former bartender, non-scientist Ocasio-Cortez wants to upset the entire country’s energy and financial conditions because she predicts the world will end in about a decade. Somehow we should believe her, someone who is not a scientist by any stretch of the imagination, someone who does not know the simple definition of unemployment despite having an economics degree, someone who does not know the three branches of government despite being a member of Congress, and someone who denies reality and lives in a fantasy world of what she considers “morally right.” Insane.

14- Some of the published details of her New Green Deal are really too insane to believe. Consider a direct quote from the proposal: “We set a goal to get to net-zero, rather than zero emissions, in 10 years because we aren’t sure that we’ll be able to fully get rid of farting cows and airplanes that fast, but we think we can ramp up renewable manufacturing and power production, retrofit every building in America, build the smart grid, overhaul transportation and agriculture, plant lots of trees and restore our ecosystem to get to net-zero."

A number of observations: 
  • She wants to get rid of cows because they fart methane and that destroys the climate. So, while we are destroying our dairy industry, China and India alone are proceeding with building about 2,400 carbon spewing coal plants that will overwhelm the reduction in cow farting that the U.S. manages to do. 
  • She wants to destroy the airline industry while the rest of the world continues to fly about using their airplanes while in the U.S. we are forced to walk, use a non-existent national train system, or just stay home. Keep in mind that California could not build a single high speed train line despite years and billions of dollars of trying so to think an inept Federal government can do it any better to replace airline travel is a “morally right” fantasy. 
  • Within ten years she wants to retrofit EVERY building in America, overhaul transportation, and overhaul agriculture. But this is a government that after hundreds of years, still cannot operate a postal system efficiently and effectively. This is a government that after decades still cannot operate a non-high speed train system (Amtrak) efficiently and effectively. To think it can do anything right of any magnitude is crazy. 
Look, let’s face a few realities: 
  • The Federal government is not capable of doing what she wants it to do, not in ten years, not in a hundred years. 
  • This plan will destroy entire industries, e.g. agriculture and airlines, and not provide a suitable replacement industries….in addition to eliminating cheese, yogurt and milk from our diets once she kills off all of the farting cows. 
  • To think the rest of the world will follow our example is a total pipe dream, the rest of the world will continue to expand and use coal, oil, airplanes, and cows to expand and improve their economies, the world’s failure to live up to the Paris Climate Agreement proves this point emphatically. 
  • The devastation caused by moving to purely renewable sources of energy will be devastating to the Earth; wind turbines kill millions of birds every year, more wind turbines will kill billions more, the mining of precious metals for solar cells is a dirty and ecologically devastating process, mining more of those metals, assuming enough of them can be found and mined, will be more devastating. 
  • The production of batteries to store the renewable energy will also be a disaster for nature and virtually impossible to implement; we have already shown that for California to get to 80% renewable energy it would have to deploy 500 million Tesla Powerwall units to store and supply constant electrical power. To do this for the entire U.S. in ten years would be impossible, would require millions of acres of land which would devastate the ecology of major parts of the country and billions of storage units, and would cost trillions of dollars to produce, deploy and operate. 
Alright, enough already. This is an Ocasio-Cortez plan that fails on so many levels in so many ways. But this is what happens when someone lives in a “morally right” fantasy world, the facts and realities listed above do not enter into their thinking. This guarantees that at some point in time reality will jump up and bite her fantasy plans where the sun does not shine, ensuring failure and devastation of our economy, our freedoms, and our safety.

And while her gaffes may make us smile, given how out of touch she is with reality, sadly remember that she helps write and vote on legislation that affects all of us.

Never forget: M.A.B.A. - Make Alexandria a Bartender Again which would allow her to screw up a drink or two but not screw up the country or our freedoms.
********************************************
8-Probably most people now know that Amazon has decided not to create a mega headquarters location in Queens, New York and has pulled out of its plans there. If the plan had been executed, 25,000 very high paying jobs would have come to the city which would have resulted in even more jobs in the construction, building materials, retail, restaurant, and other industries that would have serviced the 25,000 high paying employees.

In addition, Amazon was willing to do the following additional niceties to make the deal even better: 
  • Amazon would invest $2.5 billion in developing the location for their headquarters location. 
  • This $2.5 billion would result in a load of high paying construction jobs and ancillary jobs and economic benefit to the area, e.g. food trucks to service the construction workers. 
  • Eventually Amazon would station 25,000 employees at the location, highly paid employees that would buy and renovate housing in the area, eat in local restaurants, go to local movie theaters, buy clothes from local merchants, buy furniture to furnish their new homes, spend money on local transportation, etc. 
  • Amazon promised to provide computer science course to 130 area high schools. 
  • Amazon promised to hire at least 30 people from a nearby housing complex to work in its call center. 
  • Amazon would help fund local infrastructure improvements. 
  • Amazon would help fund a new 600 seat public school 
  • Amazon would create a 3.5 acre waterfront park open to the public. 
  • Amazon would set aside 25,000 square feet for a “community facility use/artist workspace.” 
  • Amazon would set aside 10,000 square feet for an art and tech accelerator. 
  • Amazon would set aside 263,000 square feet for light manufacturing space. 
  • Amazon would set aside 10,000 square feet for workforce development and training space. 
  • Amazon would set up internships for high school students. 
  • Amazon, starting in 2020, would host semi-annual job fairs and resume workshops at the local housing complex for at least three years. 
In return, local New York government entities promised Amazon a $3 billion tax break down the road. We estimated that the local government entities would have reached a breakeven on that $3 billion incentive in less than 8 years and after that, the increased taxes from the Amazon effort would have all been incremental tax revenue.

But leave it to Alexandria Ocasio-Cortez, and several of her other socialist friends, to screw up a great deal for the citizens of New York City. Their constant complaining about the $3 billion finally caused Amazon management to say this effort is not worth hassles.

Even worse, Ocasio-Cortez showed her total ignorance when she said that the $3 billion could be better spent on local infrastructure needs, better schools, better subways, etc. What she failed to understand is that there is no $3 billion pot of money sitting around that was going to be given to Amazon. Amazon would have paid less in taxes to the tune of $3 billion over time. Local city government entities would have gotten a little less in tax money from Amazon initially, the $3 billion does not exist as of today.

Even MSNBC, a news outlet that hates everything Trump and freedom and loves everything Democrat and socialism stepped up to show how ignorant she was: “What’s shocking to me is once again she shows how little she understands not just economics but even unemployment. She’s the one who said the reason unemployment is so low is because a lot of people have two jobs. She needs to learn basic things about what it is to be a representative … Just because she has a progressive agenda, which some people like, does not mean she has the city’s best interest. She showed me she only cares about herself and not about her colleagues ... and not about the people she represents because those people would be getting jobs themselves.”

If MSNBC thinks a Democrat show little understanding about basic concepts and cares only about herself, you know that it is that bad.

9- But being ignorant about the $3 billion, thinking that it is a pot of money that was just going to be handed over to Amazon, was not her only gaffe in this area. Consider this piece of insanity from her: “So I firmly believe that if we want to take that $3 billion dollars that we were willing to give to Amazon and invest it in our local community, we can do that. We can make those jobs. We can make 25,000 jobs. But we don’t have to give away and allow our subway system to crumble so that Amazon essentially owns a part of New York City. We can create 25,000 jobs with Mom-and-Pops.”

So much wrong with this ignorance:
  • There is no $3 billion that can be invested in the local community. 
  • Why would you want to make jobs, when Amazon as willing to hand you 25,000 high paying jobs without any effort on your part? 
  • I can almost guarantee that the 25,000 jobs that you might be able to make with “Mom and Pops’ would on average pay nowhere near $150,000 a year. 
  • And again, there is no $3 billion pot of money that she could use to fix a crumbling subway system. 
As a result of her stupidity on the subject, her constituents will not see the incredible opportunity that Ocasio-Cortez helped scare away because of her idiocy when it comes to the incentive program, a simple concept that most people would understand with little trouble….except her.

10- Recently, Immigration and Customs Enforcement (ICE) officers and Customs and Border Protection (CBP) recently arrested a very dangerous MS-13 gang member Ramiro Gutierrez, 26 who allegedly murdered someone in Ocasio-Cortez’s Congressional district. According to the Daily Wire: “Gutierrez was arrested by authorities on Monday and charged on Tuesday with second-degree murder, gang assault, and criminal possession of a weapon. The victim has been identified as Abel Mosso, a 20-year-old reported member of the 18th Street Gang, a rival gang of MS-13. The brutal video shows a group of men wrestling on the ground. The shooter, allegedly Gutierrez, then unloads six shots, reportedly at the victim’s face. As chaos ensues from horrified passersby, the suspect flees the scene, leaving his victim’s lifeless body.”

Gutierrez had been arrested 12 prior times and was free on bail on an attempted murder charge. Nice guy. One would have thought that the Congressional member representing that district would have had some sympathy for someone murdered in her district. Instead, she showed her lack of caring by not attacking the murderer but by attacking the government’s immigration officers: “This is one of the most urgent moral issues and crises that we have in America right now. This is not a political issue. Children dying in detention centers should not be a partisan concern. It should be a universal concern for every American in the United States. ICE operates with virtually no accountability, ripping apart families and holding our friends and neighbors indefinitely in inhumane detention centers scattered across the United States. We’re here to say that an agency like ICE, which repeatedly and systematically violates human rights, does not deserve a dime.”

So many issues with this stupidity:
  • ICE is accountable to the laws of the country, it is not operating like some sort of Gestapo agency. 
  • My “friends and neighbors” are law abiding U.S. citizens, not illegal immigrants, a group that includes violent MS-13 gang members, violent drug cartel agents, human traffickers, and ordinary criminals. 
  • Obviously, Ocasio-Cortez thinks that this latter group of people are her friends and neighbors, people who came here illegally, many of whom intend to do some nasty things to Americans once here. 
  • And “children dying in detention centers” is a incredibly inflammatory and wrong-headed thing to say; to my knowledge no child has died when in ICE custody and shame on her for implying that many illegal immigrant kids have died. 
  • Much like she does not care who gets murdered in her district by illegal criminal elements, she obviously does not care about the thousands of U.S. kids that are killed, abused, and attacked every year in this country. 
She is just another one of the new brand of Democrats in this country that care more about foreigners than U.S. citizens, espousing lies to make that point.

11- And finally for today, it looks like it not take her long to get into the swing of unethical behavior in Washington: 
  • She could be in violation of the House ethics rules. 
  • Ocasio-Cortez received campaign served and support from a millionaire donor. 
  • But the campaign could not afford his services and rather than having the campaign take out a loan, she likely paid the donor directly out of her pocket. 
  • In turn, the donor then hired Ocasio-Cortez’s boyfriend which means that the donor was getting paid directly by the Congresswoman while at the same time paying her boyfriend, a little nepotism. 
  • This could be interpreted as donating indirectly to her campaign. 
  • Ocasio-Cortez subsequently hired the donor to be her chief of staff, possibly rewarding him for hiring her boyfriend. 
  • When it then became apparent that she had hired her boyfriend to be on her staff, she tried to deny that reality out of existence. 
  • All of this from a Congressional candidate that raged against this type of nepotism and cronyism. 
More insanity from Ocasio-Cortez: too ignorant to understand tax incentives and rebates which has cost her Congressional district billions and billions of dollars in benefits, turning her back on 25,000 highly paid taxpayers, lying about our brave immigration officers, caring more about illegal immigrants than U.S. citizens, and hypocritically raging against nepotism while wasting no time to be what she claimed to despise.

And while her gaffes may make us smile, given how out of touch she is with reality, sadly remember that she helps write and vote on legislation that affects all of us.

Never forget: M.A.B.A. - Make Alexandria a Bartender Again which would allow her to screw up a drink or two but not screw up the country or our freedoms.

1- Despite supposedly having an economics degree, she made an initial fool of herself when she claimed that the reason the unemployment rate was so low was because so many Americans had to work more than one job to get by. Any halfway smart high school economics class student could probably tell her that the unemployment rate calculation does not care how many jobs a person is working, just whether or not they are working. And yet this college graduate had no idea.

2- She compounded this lack of knowledge on the unemployment rate by claiming that the number of people in this country holding multiple jobs was large and growing. However, a simple check of government statistics would show her that the number of people holding multiple jobs is actually quite small and shrinking, the exact opposite of what she claimed. Thus, she was either lying or making up a reality not based on actual data.

3- Despite being an elected member of Congress, she erroneously claimed that the structure of our government process included three branches: the Presidency, the Senate and the House of Representatives. Pretty sure that the Supreme Court justices were surprised to find out that they were no longer a branch of the government.

4- A financial audit of the Pentagon found that over a twenty year period, about $21 TRILLION in budget dollars was mishandled, misclassified, or not accounted for properly. Rather than understand the audit, she immediately and incorrectly assumed that the Pentagon had misspent and wastefully spent $21 TRILLION.

However, if she had done a simple math and logic calculation based on history and actual data, she would have found out that the ENTIRE Pentagon budget over that twenty year period was only about $12 TRILLION, making it impossible to waste $21 TRILLION when the budget was about 40% less than that. This idiocy earned the highest level of lying from the Washington Post, the dreaded four Pinocchios: ”Ocasio-Cortez is not the first Twitter user to mangle information from a news report. But it’s unconvincing to try to pass this off as a rhetorical point being misread. She cited the $21 trillion figure and said ‘66% of Medicare for All could have been funded already by the Pentagon.’ That’s a direct comparison. It’s badly flawed. The same article she referenced on Twitter would have set her straight. The tweet is still up, probably causing confusion. So we will award Four Pinocchios to Ocasio-Cortez.”

5- As a socialist and/or communist, Ocasio-Cortez wants to impose massive socialism/communism programs on the country. One of her favorite pipe dreams is the so-called “Medicare For All” program that would put people like her and the Federal government in charge of every aspect of every American’s health care. A generally accepted cost estimate for this disaster is $32 TRILLION over the first ten years or about $3.2 TRILLION a year. She proposed funding this program by raising the marginal tax rate to a whopping 70% on every dollar over $10 million that any American earned. 

However, a simple calculation using public IRS data easily shows that such a plan would raise only about $50 billion a year at most, or about only 1.5% of the amount needed for the Medicare for All program. Thus, she has really, really bad math skills (highly likely given the gaffes we discussed above), she is lazy and did not do this simple calculation, or she is a liar, claiming that the rich would fund the entire program.

6- Prior to being sworn in to Congress but after being elected, she railed against Congressional members for still drawing a salary even though 800,000 Federal employees were not being paid during the government shutdown. However, once elected, she refused to not draw a salary, ducking press questions about her massive hypocrisy on the matter of berating those that took a salary in December but refusing to not draw a salary after she was sworn in in late January.

7- In a Twitter spat she had with a healthcare expert, she put forth the following tweet: ““Actually, we have for-profit “death panels” now: they are companies + boards saying you’re on your own bc they won’t cover a critical procedure or medicine.” 

As always, she is talking about a subject she knows nothing about and has not done the research for. For starters, anyone with an ObamaCare insurance policy has to have critical procedures and medicine covered. Second, According to the National Conference of State Legislatures: “There are more than 1,900 such statutes [statutes that guarantee medical coverage/treatment] among all 50 states; another analysis tallies more than 2,200 individual statute provisions, adopted over a 30+ year period.”

Do we have a health care issue and overall health insurance issue in this country? We certainly do, for a minority of citizens, but there is nothing close to being a set of death panels in this country being operated by greedy corporations, there are loads of safeguards to prevent death panels, safeguards that obviously do not exist in her world or mind.

Okay seven major faux pas and she has only be in office for about a month. Unfortunately, we have a whole folder of other bouts of idiocy and bad math that we will present over the coming weeks and months.

And while her gaffes may make us smile, given how out of touch she is with reality, sadly remember that she helps write and vote on legislation that affects all of us.

Never forget: M.A.B.A. - Make Alexandria a Bartender Again which would allow her to screw up a drink or two but not screw up the country or our freedoms.


Our book, "Love My Country, Loathe My Government - Fifty First Steps To Restoring Our Freedom And Destroying The American Political Class" is now available at:


www.loathemygovernment.com

It is also available online at Amazon and Barnes and Noble. Please pass our message of freedom onward. Let your friends and family know about our websites and blogs, ask your library to carry the book, and respect freedom for both yourselves and others everyday.

Please visit the following sites for freedom:


http://www.reason.com
http://www.cato.org
http://www.bankruptingamerica.org

http://www.conventionofstates.com
http://www.youtube.com/watch?v=08j0sYUOb5w



Saturday, January 26, 2019

By The Numbers: Why Ocasio-Cortez's Socialism is A Pipe Dream and Plain Ignorant of Reality

We have had a great time talking about the ignorance, verbal gaffes, and lack of historical context of newly elected Congresswoman, Alexandria Ocasio-Cortez:
  • Despite having an economics degree, she did not know how to compute the simple unemployment rate.
  • Despite being elected to Congress, she did not know what the three branches of government are.
  • Despite having a college education, she somehow thought that she alone had found $26 TRILLION in wasted Pentagon spending over a ten year period when the ENTIRE Pentagon budget over that same time period was a fraction of $26 TRILLION.
  • She says she would rather be morally right than factually right, in other words she would prefer to live in a fantasy world than reality.
  • She is a hypocrite since before being sworn into office, she chastised those in Congress that were accepting their salaries during the government shutdown but once in office and drawing that salary she refused to donate it to needy Federal workers or forego it altogether.
We could go on and on but you get the idea. Tough to believe anything this politician says.

She has big, socialistic plans for this country, plans that would make us all poorer and less free. But as always, she never thought through her plans to see how inane they are. For instance, she wants of implement such socialist programs as Medicare For All, the New Green Deal, free college, guaranteed Federal jobs, etc.

And she proposes to fund these massive government bureaucracies by taxing income made by Americans over $10 million at a 70% tax rate. But we did the math for her, something she obviously did not do, and proved conclusively that her plan to fund these idiotic programs with a 70% tax on earnings over $10 million could fund only a tiny fraction of a single program, Medicare For All, never mind using high earners to fund the other socialist programs listed above. That complete analysis can be seen at:


Do not like my math? Consider a much more detailed analysis by someone smarter than me, as laid out in a recent National Review article by Brian Riedl on January 8, 2019, “Why 70 Percent Tax Rates Cannot Finance Socialism.” His entire article can be accessed at:


The highlights, or lowlights for Ocasio-Cortez, are as follows, with Mr. Riedl reaching the same basic conclusions that I did: the country is not nearly rich enough to support the socialistic programs of this Congresswoman [Note: there are a lot of numbers here but Mrl. Riedl lays out the numbers and the reality they represent logically and simply so bear with the numbers, they are quite eye opening and necessary to understand how stupid these Ocasio-Cortez ideas are]:
  • His overall conclusion is that the country cannot fund her programs without “hammering the middle class.”
  • He believes, and we have proved it already, that, “A 70 percent tax bracket would raise very little (if any) revenue, while damaging the economy and sending income and jobs overseas."
  • Of course, as with most Ocasio-Cortez ideas, there are no details about her plans, just pie in the sky pontificating, since, as we discussed above, she would rather be morally right than factually right.
  • Regarding Ocasio-Cortez’s socialistic “New Green Deal” program, a comparable program proposed by Green Party Presidential candidate Jill Stein would have cost between $700 billion and $1 trillion a year for ten years, requiring anywhere from a 20% to 29% increase in taxes for the Federal government to fund.
  • As we calculated in the post above, taxing those Americans’ earnings over $10 million would fund less than 10% of Stein’s program.
  • Stein’s proposal would have eaten up 4% of the entire nation’s GDP.
  • But this is just for the New Green Deal, Ocasio-Cortez also wants to fund Medicare For all (annual cost = $3.2 TRILLION), Federal jobs guarantee program (cost = $6.8 TRILLION), student loan forgiveness (cost = $1.4 TRILLION), free public college ($270 billion), Social Security expansion (cost = $188 billion), family leave (cost = $270 billion), and infrastructure improvement (cost = $1 TRILLION).
  • These programs alone would eat up 21% of the country’s GDP, twice what it is now.
  • Additional Federal budget deficits would bring the total up to 28% of GDP.
  • Since taxing the rich at 70% would pay for just a fraction of one program, either these program would have to go unfunded or ALL Americans would have to pay SUBSTANTIALLY more in their taxes, so much so that they would be wage slaves to the Washington bureaucracy.
  • The article’s analysis shows that if ALL income over $1 million was taxed at 100%, IRS data shows that would raise government spending by 3.8% of GDP, which would not even balance the budget never mind fund the New Green Deal and all of the other programs listed above.
  • And that assumes that Americans would still work just as hard to earn what they earn now which is a stupid assumption since who would work hard to earn more than a million dollars if the government was going to get all of it.
  • Rather than a 100% tax rate, what if Ocasio-Cortez and the rest of the socialists in Washington doubled the top two tax brackets, 35% and 37%?
  • This doubling would raise 1.6% of GDP, even further away from funding the New Green Deal and all of the programs above,
  • What about Ocasio-Cortez’s example of taxing income over %10 million at 70%, the analysis I did in the post above?
  • According to the article, it would raise only $50 billion annually, a pittance that would be used to finance the New Green Deal, Medicare for all, free college, etc.
  • Note: my analysis showed that her 70% idea would raise about $105 billion, still not nearly enough, but twice what this article predicted.
  • The difference is that the $50 billion estimate realized that half of what these high earners usually earn is from capital gains which would not be subject to the 70% nonsensical tax rate and thus is more accurate, and smaller than my $105 billion estimate that assumed all of these high earners’ income was wages.
  • The $50 billion is also probably too high since as the author points out, people this rich would have super smart accountants and lawyers working to shield their income taxable income from the 70%, something regular Americans could not afford.
  • For instance, “Jeff Bezos [founder and chairman of Amazon] may be worth $160 billion, but in 2017 he reportedly paid himself an annual salary of just $81,840, with total compensation (including deductible expenses) of $1.6 million. Taxing 70 percent of all salary and wages above $10 million (or even $1 million) would not even touch the Amazon founder.”
  • The article then moves on to other tax raising schemes, all of which come nowhere close to funding Ocasio-Cortez-s socialist pipe dreams: “Realistically, additional income and payroll taxes on families earning $400,000 or more could raise at most 1 or 1.5 percent of GDP. So, let’s move outside the income tax. Popular liberal proposals to impose a 30 percent minimum tax on “millionaires” and to more aggressively tax banks, hedge-fund managers, and oil and gas companies would raise a combined 0.1 percent of GDP, according to CBO data. Doubling corporate tax rates would add 0.7 percent of GDP until the entire Fortune 500 moves its headquarters to the Cayman Islands or Ireland.”
  • All of these tax schemes would raise taxes equivalent to 2% of GDP, not close to the 4% needed to fund the annual cost of the New Green Deal before talking about the other programs.
  • And this 2% assumption does not take into account how Americans would take tax avoidance steps, be it to stop working as hard, hiring accountants to shelter their income, or move their companies overseas to avoid the onerous business tax increases.
  • Mr. Riedl then goes about killing the liberal fantasy that the country and economy survives 90% marginal tax rates in the 1950s and 70% marginal tax rates in the 1970s.
  • In reality, the rich paid LESS in effective income tax rates during those eras than today, where the marginal tax rates are half of the high rates back then, since there were so many exclusions and shelters that Americans could use to avoid these slavery level tax rates.
  • An interesting reality that I didn't know is that in 1960, eight American taxpayers paid taxes at the 90% level, not 800, not 8,000, but just 8 in the whole country.
  • Today, Federal income taxes are equivalent to 8.2% of GDP while in the 1950s it was 7.2%, in the 1960s it was 7.6% and in the 1970s it was 7.9% despite tax rates in the 70% and 90% levels.
  • Another reality is that no developed country in the world has anything close to Ocasio-Cortez’s 70% nonsense including socialistic Norway and England and Germany.
  • These European countries finance their socialism with steep value-added taxes, i.e. a sales tax like mechanism that is added to everything purchased, a tax that savages not just the rich but every citizen.
  • And finally, since the top 5% already pay 42% of ALL Federal income taxes, that tax well would get quite dry really soon since they already pay a lot despite what Washington socialists claim.
  • The Congressional Budget Office did some analysis that showed that to fund this inane socialistic programs ALL Americans would have to endure a 55% increase in their tax burden or there would have to be a 115% value added tax implemented, e.g. that car that costs $20,000 would now cost over $40,000, which would mean a lot less cars got bought which means a lot less cars would be built which means a lot of Americans in the car industry, and every industry, would be out of a job which would further reduce the tax stream and the death spiral is underway.
Great article with some brutally honest and reality based numbers. There is just not enough wealth generated in this country, the greatest wealth generating country in the history of the world, to fund stupid Ocasio-Cortez fantasies. The economy would be ransacked, every American, not just the rich, would end up paying tremendously more in taxes, and the benefits would be minimal.

And consider this reality: name a Federal Government program that ever came close to being right from a budget estimate perspective? The Big Dig highway program in Boston is a classic Federal government budget example: it was supposed to cost a few billion dollars and ended up costing over $20 billion dollars. The Washington political class has shown time and time again that it can not properly budget upfront or manage a budget during the implementation of a program. Thus, while the above numbers are definitely unreachable, history tells us that the above budget estimates are likely to go higher and be even more unreachable.

Oh, and one other thing. We have previously shown that the Federal government and the state governments already have a huge $109 TRILLION revenue shortfall problem with budget deficits and unfunded liabilities. $109 TRILLION! This comes out to a debt burden of about $870,000 for every American family BEFORE trying to fund Medicare for All, the New Green Deal, free college, etc. The good news is that we are probably heading for an economic collapse long before these socialism program get much underway, these programs would only hasten that collapse.

But as always with people like Ocasio-Cortez, they never do the math. In fact, they have no idea what reality is and/or have little experience with reality, which is probably her problem on both counts. The numbers don't lie even as politicians continue to do so. 

The article points out this following reality: if the socialists in Washington knew how to fund these programs, why have they not laid out their plans and funding levels and tax mechanism already? It is either because they know these are pipe dreams that would never be possible but use them as political points, i.e. they lie, or they really are that ignorant. Until they prove they can fund these program without destroying the country they are out of integrity and/or plain lazy, not doing their homework before opening their mouths with tripe.

Our book, "Love My Country, Loathe My Government - Fifty First Steps To Restoring Our Freedom And Destroying The American Political Class" is now available at:


www.loathemygovernment.com

It is also available online at Amazon and Barnes and Noble. Please pass our message of freedom onward. Let your friends and family know about our websites and blogs, ask your library to carry the book, and respect freedom for both yourselves and others everyday.

Please visit the following sites for freedom:


http://www.reason.com
http://www.cato.org
http://www.bankruptingamerica.org

http://www.conventionofstates.com
http://www.youtube.com/watch?v=08j0sYUOb5w