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PERRIN LOVETT

~ Deo Vindice

PERRIN LOVETT

Category Archives: News and Notes

Updates, new commentary, announcements, and more. Enjoy!

Tax for Thee, But Not for Me

26 Thursday Dec 2019

Posted by perrinlovett in News and Notes

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economics, taxes

The Amerikan way.  The rich support a wealth tax on the richer.

A majority of millionaires support a wealth tax on those worth $50 million or more, but their support declines for a tax on those worth $10 million, according to a new poll.

Fifty-nine percent of millionaires said they would support a new federal tax on wealth over $50 million, according to the Q4 CNBC Millionaire Survey. Democratic presidential candidate Elizabeth Warren’s tax plan includes a wealth tax of 2% on wealth over $50 million and 6% over $1 billion.

Forty-eight percent opposed a wealth tax on those worth over $10 million.

Attitudes toward the wealth tax are also strongly dependent on political party rather than wealth levels. Fully 88% of Democratic millionaires support a tax on wealth over $50 million, compared with just a third of Republican millionaires.

Do these Robins in the hood not know they can just voluntarily pay additional taxes on a voluntary basis? Whatever. I think I have a solution to this issue which would raise untold sums of revenue and simultaneously pay off ALL debts. More on that next week at TPC.

The Fraudulent Basis of Free Trade

26 Thursday Dec 2019

Posted by perrinlovett in News and Notes

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economics, free trade, nationalism, Vox Day

Vox Day does it again.

The Failure of the Free Trade Champions
David Ricardo was not an economist in the modern professional sense. He was a stockbroker, a successful con artist who put Michael Milken and Bernie Madoff to shame, a politician who purchased his seat in the House of Lords with his ill-gotten gains, and a pamphleteer. His works were not written with an aim of better understanding the matter addressed, but were primarily written as extended opinion editorials meant to advocate specific political policies. Moreover, his arguments were so heavily biased toward his preconceived conclusions that Joseph Schumpeter was moved to describe the custom of economists creating hopelessly impractical theories on the basis of heavily biased simplifications as “the Ricardian Vice”.
Besides the Theory of Comparative Advantage, which Ricardo cribbed without attribution from “An Essay on the External Corn Trade”, a work that was published two years earlier by Robert Torrens, Ricardo’s two other theories of historical note are the labor theory of value, which you may recall is the logical foundation of Marxist economics, and a highly peculiar theory of wages and profit that concludes the rate of profit ultimately rests upon the price of corn.
Seriously. I’m not kidding.
In fact, despite its massive influence on economists, politicians and trade policy for the last two centuries, the Theory of Comparative Advantage was never mathematically modeled or put to a serious theoretical test for 134 years. And although it was initially claimed that a comparison of textile and automobile production in the U.S.A. versus the United Kingdom broadly confirmed the Ricardian Model, more stringent tests soon demonstrated that neither the model nor the theory on which it was based had much application to the real world.
In his landmark book, Free Trade Doesn’t Work, Ian Fletcher identified seven specific flaws in Ricardo’s version of comparative advantage, which consist of assumptions that do not necessarily hold in any given trade environment, and in many cases, do not apply at all. These seven dubious assumptions are:
    • Trade is intrinsically sustainable.
    • There are no external costs.
    • Production factors move easily between industries.
    • Trade does not increase income inequality.
    • Capital is not internationally mobile.
    • Short-term efficiency causes long-term growth.
    • Trade does not inhibit foreign productivity.
Of course David Ricardo is not the only economist cited by defenders of free trade. Another common right-wing reference is Henry Hazlitt, the Austrian economist whose Economics In One Lesson, published in 1946, is popular among homeschoolers for its clarity and brevity. Chapter 11 of that work, which is devoted to making the case for free trade, is easily the weakest chapter in the book, as it contains no less than 23 specific errors. Since this article is merely a contribution to an anthology and not a book in its own right, I shall restrict myself to pointing out seven of them.

 

Conservatives and libertarians have largely based their economic theory and non-ideologies on fallacies. A corn-based economy for corny economics.

Charlie Has No Answers

24 Tuesday Dec 2019

Posted by perrinlovett in News and Notes

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culture, demons, evil, Satan, society, the slide

Another exorcist exposes the obvious problems of the post-Christian culture.

One long-time Catholic exorcist has sounded an alarm over what he called an uptick in “aggressive Satanism,” especially among young people, which he insists is due in part to the rapid growth of cultural secularism and a lack of strong role models.

Among other things, Dominican Father Francois Dermine said, exposure to the demonic at a young age encourages violence, ranging from bullying to more serious manifestations.

“There are many groups of satanism,” Dermine said, noting that internet exposure has also increased, and references to the demonic are increasingly prevalent in videogames and school games such as the “Charlie Charlie challenge,” in which players cross two pencils on a grid with sectors marking ‘yes’ or ‘no’ and ask a supernatural being, “Charlie,” to answer the questions they ask.

BTW, this was the game Tom Ironsides caught those kids playing at the middle school. The exorcist also calls out the new children’s demon book. He ends,

“A violent mentality is very dangerous for our society, very, very dangerous,” he said, adding, “Our society risks collapse if it continues like this.”

This might have been better observed 30-40 years ago, but at least someone is on it now.

Beware of Soroses in Human Clothing

23 Monday Dec 2019

Posted by perrinlovett in News and Notes

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Christianity, churchians, evil, Soros, wolves

Building on the Chruch’s succumbing to the worldly, the Eye of Soros is up to something (again). Churchians aren’t just falling for it, they’re eating it up.

What’s going on here is not so much Christianity as it is partisan politicking under cover of religious teaching. It’s the furtherance of a George Soros style of progressivism, but cloaked in Christianity — and backed by George Soros bucks — and made all the worse by the initial denials of the George Soros ties.

Wallis ultimately admitted the Sojourners received money from Soros-tied groups. Pagitt, when asked on C-SPAN about Vote Common Good’s sources of funding, ducked and racked it up to “private donations,” before spinning the conversation off rapidly in a public relations direction.

But isn’t truth a core concept of Christianity?

If there’s nothing to hide — if the Sojourners and the Vote Common Good bus tour and all this so-called Christian political activity is really aimed at doing Christian works — why not blare forth the sources of funding? Why not shed the light on the behind-scenes influencers?

The answer’s obvious.

“Americans hate manipulation,” said AAE spokesperson Kelly Monroe Kullberg, in a statement. “Anti-American globalists like Soros are funding a growth industry of paid anarchists and political activists to divide and weaken America, including the Church.”

If Americans (or US “citizens”) hated manipulation, then they’d pitch creatures like Soros out on their asses.

No Christianity = No West

22 Sunday Dec 2019

Posted by perrinlovett in News and Notes

≈ 2 Comments

Tags

Catholic Church, Christianity, decline, Pope, The West

This Pope… I’m just not sure what to make of the following other than that there is a deep, deep problem with both the Church and with the society.

The Catholic Church must adopt new approaches to evangelization in a post-Christian West, Pope Francis said in a Christmas message to Vatican officials.

“We need other maps, other paradigms that might help us change our ways of thinking. We are not in Christianity, not anymore!” the pope said Saturday.

“We are no longer under a Christian regime because the faith—especially in Europe, but also in much of the West—no longer constitutes an obvious premise of common life. On the contrary, it is even often denied, derided, marginalized and ridiculed,” the pope said.

The pope’s remarks echoed those of his predecessors St. John Paul II and Pope Benedict XVI, who spoke of a “new evangelization” to revive the faith in historically Christian lands. Pope Benedict established an office explicitly dedicated to the task.

Those popes stressed a need to clarify and reaffirm traditional teachings in response to liberalizing tendencies within the church and wider society. By contrast, Pope Francis has tended to play down such teachings and focus on social causes such as economic equality, the rights of migrants and efforts to counteract global warming.

He’s certainly correct that the Christian institutions have failed miserably in the face of savage modernity. But, playing the world’s game of refugees, climate, etc. would appear to be the opposite of reinforcing tradition. And, it is the traditions that can potentially reverse the slide. So many people have departed the churches, Catholic and Protestant, precisely because those churches have given up on the Gospel in favor of preaching worldly theology. To be clear: without Christianity, there is no Western Civilization. The effects of the slide and transition couldn’t be any clearer.

Sayeth the Pope:

“Rigidity arises from fear of change and ends up strewing the ground of the common good with stakes and obstacles, turning it into a minefield of lack of communication and hatred. Let’s remember always that behind every rigidity lies some derangement,” he said.

?

Might there be some derangement behind and afore those feared changes? With, say refugees and the new Tower of Babel, how can there be proper communication? A new language study just reaffirmed the Biblical account of what happens when they ignore God’s nationalism and ram together everyone under the Sun (and not necessarily under The SON). Rigidity may be what holds back the minefield, or be what held it at bay for so long – until the changes of the insane world swept the West. The same might placate the hatred (a double given per the Father and the Son). And, what’s the opposite of rigidity? Squishy Christianity? What’s the use?

This conversation might have been better timed during Vatican II or even Vat. I. Well, at least it’s been broached now. Happy Sunday.

“1984” was an Optimistic Estimate

21 Saturday Dec 2019

Posted by perrinlovett in News and Notes

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corporations, privacy, slavery, technology, tyranny

Tyranny – there’s an app for that.

This was the decade we gave our privacy away.

We took silly personality quizzes on Facebook Inc. that made Cambridge Analytica possible. We bought phones that tracked our locations everywhere we went. We plugged in smart speakers that sent recordings of our most intimate moments to humans overseas for transcription. We downloaded apps and plug-ins with reckless abandon. We installed security cameras everywhere. We clicked through terms of services without reading. We agreed to do whatever it took to make those pesky red badges on our phones go away. We are complicit in the corporate surveillance state we inhabit.

That doesn’t mean we weren’t duped. Companies tempted us with their free services. They downplayed the risks. They broke promises to safeguard our data. They presented themselves as silly apps, only to become world-changing communications platforms. They hired psychologists to manipulate us. They used the money they made from our data to buy lobbyists to fight off privacy regulations.

The New York Times explained on Thursday just what it means to hand over the kind of location data collected by our smartphones. The newspaper painted a terrifying portrait of the self-imposed surveillance state: “Within America’s own representative democracy, citizens would surely rise up in outrage if the government attempted to mandate that every person above the age of 12 carry a tracking device that revealed their location 24 hours a day. Yet, in the decade since Apple’s App Store was created, Americans have, app by app, consented to just such a system run by private companies.”

If you’re paying attention, this is not surprising. The Times wrote an article with many of the same revelations almost exactly a year ago. Other publications have been doing similar work for years.

The 2010s should be remembered as the decade tech turned dystopian.

Maybe it’s all best forgotten? Has anyone noticed that them internets are about as slow now as they were nearly twenty years ago? Half of the bogging down is the overkill graphics, ads, and disclaimers. The other half is surveillance. 5G is supposed to cure this. It won’t. Expect, in exchange for your health, perhaps a doubling of speeds – back to where we were in about 2010. The majority of the new capacity will be devoted to more spying. 5G isn’t a tool for transferring information. It’s one for gathering information. And they will love it. It’s not even amazing any more just how incredibly stupid most humans really are. Back to your cat videos.

A Clover Confesses

20 Friday Dec 2019

Posted by perrinlovett in News and Notes

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cars, clovers, driving, gun control lies, roundabouts

After reading some fake news from ABC about gun control and “school shootings” – with an example I know to be false (yawn), I stumbled across a letter to the small town editor from a clover.

The so-called rotaries are an example of Yankee idiocracy, not to be confused with Rebel ingenuity, infecting our cherished Dixieland.

I first encountered these traffic devices while serving in the U.S. Navy, stationed in New England. We sailors had a special name for them: Balley Circuits; with slang expression of the “guts” one must demonstrate to take the right of way.

Barely missed a collision in the rotary, today, at the upper end of Laney Walker Boulevard in Augusta. A driver came barreling in so fast I never saw her coming as I entered the rotary. Of course, she thought that I was the bad guy.

It’s like four-way stops, where you never know what the other person will do; and, it’s dangerous.

Yes, Yankee idiocracy. That’s why these terrible monstrosities are found all over the world, from Paris to Mexico City to Tokyo, where they serve very well to keep traffic moving. It only requires that drivers possess basic skills behind the wheel. Hence, Cleetus’s problem. He’s a moron. And, his letter serves as an admission that he does not know how to drive. Notice that he’s also opposed to four-way stops. What does he want? Lights. Everywhere. Needed or not. For his kind, slow is optimal and stopped is maximal. Worse, he expects you and me to operate by his rules. The simple solution – to sidestep all the dangers – is for him to stop driving. He won’t do that because he’s as selfish as he is stupid. You’ll encounter him or someone like him on your next motor outing.

A Wealth of Taxes

17 Tuesday Dec 2019

Posted by perrinlovett in Legal/Political Columns, News and Notes

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corporations, Federal Reserve, taxes, wealth

Large corporations, those wily government entities, pay next to no taxes.

About 400 of America’s largest corporations paid an average federal tax rate of about 11% on their profits last year, roughly half the official rate established under President Donald Trump’s 2017 tax law, according to a report released Monday.

The 2017 tax law lowered the U.S. corporate tax rate from 35% to 21%, but in practice large companies often pay far less than that because of deductions, tax breaks and other loopholes.

In the first year of the law, the amount corporations paid in federal taxes on their incomes – their “effective rate” – was 11.3% on average, possibly its lowest level in more than three decades, according to a report by the Institute on Taxation and Economic Policy, a left-leaning think tank.

Yeah, yeah. Whatever. This did get me thinking though. My comrades over at TPC, two of them, have of late been defending taxation with zeal. One promoted the “wealth” tax. That… How about a corporate wealth tax? One aimed primarily at private banking corporations? One in particular. This particular private bank has assets and wealth that must be imputed given the bank’s unique ability to create such out of thin air. I suggest a putative assessment of infinity. The tax could be levied accordingly. Now, since we have no need for infinite money, I think a rate (or number) sufficient to PAY OFF EVERYTHING should do it. One time. No more debt of any kind. And then, abolish said private bank and send its owners packing. Yes?

Voodoo Economic News

17 Tuesday Dec 2019

Posted by perrinlovett in News and Notes

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economy, Federal Reserve, sorcery, voodoo economics

Trade. Stock market. Interest rates. BAWK! The sorcerors wave their magic wands and all is well(?).

The trade deals, while not nearly as ambitious as Trump promised, have lessened one of the biggest drags on the U.S. economy: uncertainty. While some industries still face significant tariffs and final details remain in flux, business leaders say at least they know what the situation is likely to be in 2020, offering more clarity than they have had since Trump’s trade war commenced nearly two years ago.

“Tariffs will be much more stable for quite a while,” Larry Kudlow, Trump’s top economic adviser, told The Washington Post. “Some of the obstacles to growth, including the Fed and trade uncertainties, are being removed, and that will have a powerful positive impact on the economy.”

Hold up. Did Kudlow just say they’re removing the Fed???

The Decline DRAGS On

13 Friday Dec 2019

Posted by perrinlovett in News and Notes

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child abuse, decline, drag queen, LGBTQ+VP&C, schools

Another school and another convicted sex pervert LGVPC lunatic.

Elementary School Invites Convicted Felon Drag Queen to Talk to Children
An elementary school in Austin, Texas invited a convicted felon drag queen to talk to children having either ignored or failed to carry out a full background check.

The Blackshear Fine Arts Academy invited Miss Kitty Litter ATX (real name David Robinson) to spend time with kids despite Robinson being a convicted prostitute.

Emails between the school’s librarian, Roger Grape, and Robinson suggest that Robinson knew he wouldn’t pass a background check and the school either ignored it or failed to carry one out.

“The guidelines for submission automatically disqualify me if the deferred adjudication for prostitution is considered a conviction… so I don’t know if [it’s] ethical to submit,” wrote Robinson.

“So either the school didn’t go through with the background check — or ignored it altogether. Either option is equally distressing,” writes the Family Research Council’s Tony Perkins.

Robinson reportedly visited with children for the entire day.

A video posted to Twitter but subsequently removed shows Robinson promoting an “international drag festival” while holding a baby doll in a baking pan in an apparent reference to the baby being food.

Robinson’s visit occurred after Austin schools passed a radical new curriculum that encourages children to be taught about LGBT issues at an early age.

This “teaching” certainly covers the “P” and the “C.”

FWIW, this fine arts academy boasts a fifth-grade reading proficiency of 30%. Maybe lay off the Kitty Has Two Victims and look into phonics?

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