September 2024 Blog

Liz Cheney To The Rescue

9/25: The Republican party embarked on its self-destruct journey when conservatives allowed the T-party to step into their doorway. Like a growing amoeba, it eked into the chamber, pushing out all the good conservatives. Kamala Harris and fellow Democratic candidates need to trounce the Republicans by a considerable margin this election cycle. This should cause the Republicans to implode into a has-been party, allowing a new, truly country-first, conservative, democratic party to emerge upon Liz Cheney’s shoulders. The New Republican Party (NRP).

Meanwhile, as Harris will have been elected on the backs of disgruntled Republicans, I'm sure she will run a more conservative administration.

8/14:  I  write these letters because I love America. I am staunchly committed to human self-determination for people of all races, genders, abilities, and ethnicities. American democracy could be the form of government closest to bringing that principle to reality. And I know that achieving that equality depends on a government shaped by fact-based debate rather than extremist ideology and false narratives. — Heather Cox Richardson 
 

9/12: Guess Who Does Not Know TAXATION 101?

U.S. distributer X buys finished clocks from a Chinese manufacturer Y. X pays Y $10 for each clock. It costs X 4 dollars for shipping, advertising, etc. so it adds these four dollars cost +1 dollar profit and sells the clocks to retail stores for $15. The retail stores sell it to you the consumer for $20. The 25% difference covers the stores overhead cost plus a small profit.

Now the US ads a 20% tariff on all products from China. That means company X’s clocks now cost $12. $10 goes to the Chinese manufacturer Y and two dollars goes to the US government coffers. Now Company X has to add that two dollars to its $15 wholesale price. And the retail store has to add that to its $20 price. So now that clock costs the consumer an extra two dollars which goes to the US government. China DOES NOT pay that extra two dollars.

The consumer paid it. I call that a tax. Who buys most of the consumer products we import from China? I don’t think mostly wealthy people by them. Isn’t this called regressive taxation?

This 20% tariff on items that are part of a larger end-product probably get magnified even higher for price of the final manufactured product.

8/28: In May 2016, South Carolina Republican senator Lindsey Graham famously observed: “If we nominate Trump, we will get destroyed.......and we will deserve it.”