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People who say it cannot be done should not interrupt those who are doing it. Welcome to From On High.

Saturday, February 26, 2011

Ah, Youth

Dream the impossible dream ...


And they'll have such visions until they grow up, find out there's a real world out there, start paying taxes, and determine that such monumental waste is biting them in the shorts.

Then they'll be normal.

Quote of the Day

Christopher Hitchens on the Community-Organizer-In-Chief's confused, amateurish, and feckless approach to the turmoil in the Middle East:
The United States, with or without allies, has unchallengeable power in the air and on the adjacent waters. It can produce great air lifts and sea lifts of humanitarian and medical aid, which will soon be needed anyway along the Egyptian and Tunisian borders, and which would purchase undreamed-of goodwill. It has the chance to make up for its pointless, discredited tardiness with respect to events in Cairo and Tunis. It also has a president who has shown at least the capacity to deliver great speeches on grand themes. Instead, and in the crucial and formative days in which revolutions are decided, we have had to endure the futile squawkings of a cuckoo clock.
"Is Barack Obama Secretly Swiss?," Slate, February 25, 2011

Why Smart Money Is Going Overseas

There are two primary reasons* why an investor would want to spend his money here in the U.S.:

1) We have a stable political environment, and ...

2) The potential for a solid return on investment portends money well-spent.

Well, with the antics on display in the legislatures in Wisconsin and Indiana these days, making this country of ours look like a banana republic, you can soon kiss the first principle goodbye.

And the second?

Only a fool ...
New Estimates of Effective Corporate Tax Rates on Business Investment
by Duanjie Chen and Jack Mintz, School of Public Policy, University of Calgary

In his State of the Union address, President Obama discussed cutting America’s high corporate tax rate. Treasury Secretary Timothy Geithner and congressional leaders are also interested in corporate tax reform. Should Japan cut its corporate tax rate in April as planned, the U.S. statutory rate of about 40 percent—including federal and state taxes—will be the highest in the Organization for Economic Cooperation and Development.

This bulletin presents estimates of effective corporate tax rates on new capital investment for 83 countries. “Effective” tax rates take into account statutory rates plus tax-base items that affect taxes paid on new investment, such as depreciation deductions, inventory allowances, and interest deductions. Our calculations also account for other taxes that affect investment, such as retail sales taxes on capital purchases and asset-based taxes.

We find that the U.S. effective corporate tax rate on new investment was 34.6 percent in 2010, which was the highest rate in the OECD and the fifth-highest rate among 83 countries. The average OECD rate was 18.6 percent, and the average rate for 83 countries was 17.7 percent. [link]
 Our effective corporate tax rate on new investment is 34.6%.  Double the global average.

Where are you going to invest?  Poughkeepsie?

I don't think so.

* There are third and fourth reasons relating to labor as well.
** It should be noted that the legislature in Canada slashed its effective corporate tax rate on investment in half in recent years. 

How To Conquer Our Enemies

Laugh them to death:


How about we save some heartache and hoist the white flag now?

- - -

I'm not sure why I find it funny.  It is the new norm, it seems.

I was talking to a fella the other day who works at the Pocahontas State Correctional Center over in ... well, I forget where ... and he was telling me that he has to go through "customer service training."

You'll never guess who the "customers" are.

The world has truly gone mad.

It Got Tedious Long Ago

You've heard the adage:

If the only tool you have is a hammer, everything looks like a nail.

Democrats these days have but one tool. Thus, everything is the same nail.

This got tiresome decades ago:


Whatever.