President Barack Obama’s speech today made -- or tried to make -- two different points, both concerning the definition of “rights.” Although couched in the kind of president-ese appropriate to such an occasion, both goals were easy to spot, and both are parts of a solidly liberal vision of society and government.
The most famous painting of the 20th century, Pablo Picasso’s “Guernica,” commemorates the bombing of the small Spanish town on April 26, 1937, by the German air force, in support of General Francisco Franco’s fascists in the Spanish Civil War. Hard to believe, but this was history’s first extensive bombing of a civilian population.
Critics of the capital-gains tax are absolutely correct when they say that a tax on capital hurts our economy by reducing the incentive to save and invest. They say the same thing about the tax on investment interest, and they’re right about that, too.
As everybody knows by now, Warren Buffett -- class traitor -- pays a smaller share of his income in taxes than does his secretary, Debbie Bosanek. In his State of the Union address last month, President Barack Obama proposed the “Buffett Rule” to rectify this.
About two years ago I wrote an article saying that despite the lack of evidence, and despite the near-universal belief among economists that it was not a problem, I was worried about inflation. My reason was that I couldn’t see how the government could pay off the massive debt it was running up except by inflating at least part of it away.
The people who want to drive Rush Limbaugh off the air are not assuaged or persuaded by his apology over the weekend. They say he was not sincere: He only apologized, for calling a Georgetown University law student a “slut” and a “prostitute,” because of pressure from advertisers.
In November 1947, shortly after the United Nations voted for partition of the Holy Land into separate Arab and Jewish states, Chaim Weizmann was cited by the New York Times as saying that “the most important work now was to build Palestine.”
OK, let’s go through this one more time. In 2006, Mitt Romney, as governor of Massachusetts, guided to passage, signed with a flourish and implemented with fanfare a health-care reform law for his state.