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).

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.”