Pat Buchanan: Competition – It’s A Good Thing!

pat-buchananPat Buchanan is right on the money.  Again.

In a recent editorial he points to a Senate hearing where Apple CEO Tim Cook (former darling of the Dems) was excoriated for tax avoidance.  You see, Apple has paid zero US income tax on its earnings from outside the country in recent years, and it’s perfectly legal.  Ireland won Apple over with its 2% corporate tax, compared to the 35% Apple would pay our Treasury.  Corporate income tax now makes up less than 10% of federal revenues, and will continue to decline as long as we fail to compete with other nations.

Buchanan says the solution to our economic woes is to abolish the corporate income tax in a revenue-neutral exchange for a 10% tariff on all imported goods.  This would bring American corporations (and their off-shore money) racing back to the homeland, and would invite foreign manufacturers to move here as well, reversing the death-spiral of our currency and our ghastly trade imbalance.

Instead of blaming entrepreneurs for avoiding taxes, our fearless leaders should work on attracting and retaining businesses, along with the jobs and wealth they create.

Adam Smith, the father of free market capitalism, taught us that any attempt to control commerce externally is a bad thing.  Free and natural competition is a good thing.

The best solutions are usually the simplest.

Tom Balek – Rockin’ On the Right Side

Rockin' On the Right Side

Seems this worlds got you down
Your feelin’ bad vibrations frown
Well, open your eyes girl, look at me
I’m gonna show you how it ought to be

We’re gonna’ have a good thing
Such a good thing baby

Good Thing – Paul Revere and the Raiders

Here’s an unusual video for you Rockers on the Right Side.  Yeah, it’s GOOD THING by Paul Revere and the Raiders, but from a different perspective – behind the drums.  Unless you have played drums, you would not know that everything is different back there – the sound, the lights, the distance from the audience, even the “feel” of the music.  It’s kind of a lonely world for drummers.  This video features Raider drummer Tommy Scheckel.  And even Tommy is different – a left-handed drummer playing a right-handed setup.  It makes for some unusual moves!  Scheckel is a relative newcomer to the Raiders after playing for 27 years with the Buckinghams (“Kind Of A Drag”,” Susan”,”Don’t You Care”).   Enjoy!  Oh, and hug a drummer today.

Old Bean Counters, Revolt!

I spent most of my career as a “Bean Counter” –  that’s what the other managers of a company call their CFO or controller.   We Bean Counters take a lot of ribbing about how dull our lives must be, buried in numbers and surrounded by computers.  But successful managers know that good businesses are run by the numbers, and with careful planning, analysis, and execution, the company will create consistent and predictable profit for owners or stockholders, rewarding jobs for employees, and many benefits for the community at large.

These days we Old Bean Counters are frustrated.  We believe success in a free market democracy should be a slam dunk –  predictable, manageable, with steady growth and improvement in the standard of living for everyone.

In our “Adam Smith” world, the free market economic formula works flawlessly.  Businesses prove it every day, and our nation became the envy of the free world relying on the economic principles of supply and demand, lowest cost production, improved technology and efficiency, personal responsibility, and charity of free will.

So what happened?  Our predictable, successful “controller’s” world has been turned upside down.  We are buried in debt, jobs are scarce, and the only solution offered is more taxation and government spending..

The free market is no longer free, as our government at every level tears away layers of personal freedoms, and chokes businesses with red tape and unnecessary costs at every turn.  Personal responsibility has become “old school”, as our government rewards bad behavior and punishes good behavior in every conceivable way.   And charity, once a rewarding personal choice, has become a grating mandatory redistribution of wealth.

Even some of the young Bean Counters have gone astray, having sold their ethics on Wall Street along with some bundled mortgages.

I am convinced that if all the Old Bean Counters from across the nation stormed the city, state, and federal government offices and took over, we could straighten out our country’s financial mess in no time.  We would run the government like a business!  Government employees, you will work a full 8-hour day, 50 weeks a year.   We will find every asset owned by the government and sell the ones we don’t need or use.  Every agency will justify its budget every year.  Disability is only for the disabled.   College is for serious students.   Corruption will be punished.   No more grants!  No more watching porn on government computers every day!  No more six-figure guaranteed pensions at age 50!  No more $800 hammers!

And most importantly, we would convince Americans once again that it is in their best interest to be a part of the production and success, rather than throwing rocks at those who are pulling the wagons.

Tom Balek – Rockin’ On the Right Side

You say you got a real solution
Well, you know,
We’d all love to see the plan!

Revolution – the Beatles