Saturday, September 5, 2015
1012 C Street  •  Floresville, TX 78114  •  Phone: 830-216-4519  •  Fax: 830-393-3219  • 

WCN Site Search


Lost & Found

*Includes FREE photo online! mywcn.com/lostandfound
Lost: Small black/white tortoise shell cat, 1-1/2 years old, Aug. 8, Country Hills area, La Vernia, friendly, "Cinnamon" but responds to "Kitty," rhinestone collar w/bell, shots, spayed. Reward! 210-725-8082.

VideoStill missing: Long hair Chihuahua, near 3rd and Hwy. 97, Floresville, she is very missed. If you see her please call Jeri, 409-781-3191.
More Lost & Found ads ›

Help Wanted

Dean Word Company needs construction laborers. Paid holidays, vacation, health insurance, 401K. Contact Miguel at 830-643-9291. We are an Equal Opportunity Employer and encourage females and minorities to apply.
F&W Electrical is now hiring journeyman, backhoe operators, and laborers. Apply at 6880 U.S. Hwy. 181 N., Floresville, Monday-Friday, 8-5. 830-393-0083. EOE.
More Help Wanted ads ›

Featured Videos





Video Vault ›
TNMCRE/MAX homeRichardson Chevrolet home
You’ve been granted free access to this subscribers only article.

Section A: General News


Editorial: The invincible lie




E-Mail this Story to a Friend
Print this Story
July 18, 2012 | 1,064 views | 1 comment

Anyone who wants to study the tricks of propaganda rhetoric has a rich source of examples in the statements of President Barack Obama. On July 9, for example, he said that Republicans “believe that prosperity comes from the top down, so that if we spend trillions more on tax cuts for the wealthiest Americans, that that will somehow unleash jobs and economic growth.”
Let us begin with the word “spend.” Is the government “spending” money on people whenever it does not tax them as much as it can? Such convoluted reasoning would never pass muster if the mainstream media were not so determined to see no evil, hear no evil, and speak no evil when it comes to Barack Obama.
Ironically, actual spending by the Obama administration for the benefit of its political allies, such as the teachers’ unions, is not called spending, but “investment.” You can say anything if you have your own private language.
But let’s go back to the notion of “spending” money on “the wealthiest Americans.” The people he is talking about are not the wealthiest Americans. Income is not wealth -- and the whole tax controversy is about income taxes.
Wealth is what you have accumulated, and wealth is not taxed, except when you die, and the government collects an inheritance tax from your heirs. People over 65 years of age have far more wealth than people in their 30s and 40s -- but lower incomes. If Obama wants to talk about raising income taxes, let him talk about it, but claiming that he wants to tax “the wealthiest Americans” is a lie and an emotional distraction for propaganda purposes.
The really big lie -- and one that no amount of hard evidence or logic seems to make a dent in -- is that those who oppose raising taxes on higher incomes simply want people with higher incomes to have more money, in hopes that some of their prosperity will “trickle down” to the rest of the people.
Some years ago, a challenge was issued in this column to name any economist, outside of an insane asylum, who had ever said any such thing. Not one example has yet been received, whether among economists or anyone else. Someone is always claiming that somebody else said it, but no one has ever been able to name and quote that somebody else.
Once we have put aside the lies and the convoluted use of words, what are we left with? Not much.
Obama is claiming that the government can get more tax revenue by raising the tax rate on people with higher incomes. It sounds plausible, and that may be enough for some people, but the hard facts make it a very iffy proposition.
This issue has been fought out in the United States in several administrations -- both Democratic and Republican. It has also been fought out in other countries. What is the real argument of those who want to prevent taxes from rising above a certain percentage, even for people with high incomes? It has nothing to do with making them more prosperous so that their prosperity will “trickle down.”
A Democratic president -- John F. Kennedy -- stated the issue plainly. Under the existing tax rates, he explained, investors’ “efforts to avoid tax liabilities” made them put their money in tax shelters, because existing tax laws made “certain types of less productive activity more profitable than other more valuable undertakings” for the country.
Ironically, the Obama campaign’s attacks on Mitt Romney for putting his money in the Cayman Islands substantiate the point that President Kennedy and others have made, that higher tax rates can drive money into tax shelters, whether tax-exempt municipal bonds or investments in other countries.
In other words, raising tax rates does not automatically raise tax revenues for the government. Higher tax rates have often led to lower tax revenues for states, the federal government, and other countries. Conversely, lower tax rates have often led to higher tax revenues. It all depends on the circumstances.
But none of this matters to Barack Obama. If class warfare rhetoric about taxes leads to more votes for him, that is his bottom line, whether the government gets a dime more revenue or not. So long as his lies go unchallenged, a second term will be the end result for him and a lasting calamity for the country.
Thomas Sowell is a senior fellow at the Hoover Institution, Stanford University. His website is http://www.tsowell.com.
Copyright 2012 creators.com
 

Your Opinions and Comments

 
The Marcelina Muse  
Dry Tank, TX  
July 19, 2012 10:54am
 
If Obama gets re-elected we had all better have our assets in the Cayman Islands.

Share your comment or opinion on this story!


You must be logged in to post a comment.




Not a subscriber?
Subscriber, but no password?
Forgot password?

Section A: General News Archives


Full article available to Wilson County News subscribers only. Click here to subscribe. Brownlow: Little chance ‘fracking’ could hurt water (September 2, 2015)
Full article available to Wilson County News subscribers only. Click here to subscribe. City’s proposed budget, property taxes raise questions (September 2, 2015)
Full article available to Wilson County News subscribers only. Click here to subscribe. County Commisioners ‘buckle up’ on $24M budget (September 2, 2015)
Full article available to Wilson County News subscribers only. Click here to subscribe. Court Update (September 2, 2015)
Full article available to Wilson County News subscribers only. Click here to subscribe. De Leon family sells Olivia’s San Antonio location (September 2, 2015)
Full article available to Wilson County News subscribers only. Click here to subscribe. Distracted driving program new requirement for teens (September 2, 2015)
Full article available to Wilson County News subscribers only. Click here to subscribe. Editorial: Coca-Cola to obese people: Hey, exercise more! (September 2, 2015)
Full article available to Wilson County News subscribers only. Click here to subscribe. Editorial: How will voters sort through all the candidates? (September 2, 2015)
Full article available to Wilson County News subscribers only. Click here to subscribe. Editorial: Libs: Symbols mean something — unless we disagree (September 2, 2015)
Full article available to Wilson County News subscribers only. Click here to subscribe. Floresville awards contract for event center repairs (September 2, 2015)
Full article available to Wilson County News subscribers only. Click here to subscribe. Floresville elections take twists (September 2, 2015)
Full article available to Wilson County News subscribers only. Click here to subscribe. Floresville struggles to ‘play ball’ (September 2, 2015)
Full article available to Wilson County News subscribers only. Click here to subscribe. Free webinar series for small businesses (September 2, 2015)
Full article available to Wilson County News subscribers only. Click here to subscribe. From student job to interim manager (September 2, 2015)
Full article available to Wilson County News subscribers only. Click here to subscribe. Karnes airport gets $2.1M in funding (September 2, 2015)
Full article available to Wilson County News subscribers only. Click here to subscribe. Labor Day office closures (September 2, 2015)
Full article available to Wilson County News subscribers only. Click here to subscribe. Letter: Karnes County officials continue spending (September 2, 2015)
Full article available to Wilson County News subscribers only. Click here to subscribe. Letter: Urgent: Nix Iran deal (September 2, 2015)
Full article available to Wilson County News subscribers only. Click here to subscribe. Letter: Voter ID thumbprint (September 2, 2015)
Full article available to Wilson County News subscribers only. Click here to subscribe. Make your way to Feather Fest (September 2, 2015)
Full article available to Wilson County News subscribers only. Click here to subscribe. MedDropSA is Sept. 5 (September 2, 2015)
Full article available to Wilson County News subscribers only. Click here to subscribe. Meeting Watch: East Central ISD (September 2, 2015)
Full article available to Wilson County News subscribers only. Click here to subscribe. Oscar Mayer issues recall (September 2, 2015)
Full article available to Wilson County News subscribers only. Click here to subscribe. Paid firefighters could aid La Vernia volunteers (September 2, 2015)
Full article available to Wilson County News subscribers only. Click here to subscribe. Police Blotter (September 2, 2015)
Full article available to Wilson County News subscribers only. Click here to subscribe. Register to compete in Adult Literacy challenge (September 2, 2015)
Full article available to Wilson County News subscribers only. Click here to subscribe. Relay committee to meet Sept. 8 (September 2, 2015)
Full article available to Wilson County News subscribers only. Click here to subscribe. SARA approves study of Floresville’s River Park (September 2, 2015)
Full article available to Wilson County News subscribers only. Click here to subscribe. Sponsors needed for Conversation with Constitution event (September 2, 2015)
Full article available to Wilson County News subscribers only. Click here to subscribe. Stockdale council approves $2.07M 2015-16 budget (September 2, 2015)
Full article available to Wilson County News subscribers only. Click here to subscribe. Substitute teacher training dates set (September 2, 2015)
Full article available to Wilson County News subscribers only. Click here to subscribe. TEA lauds Falls City, Poth (September 2, 2015)
Full article available to Wilson County News subscribers only. Click here to subscribe. The best medicine (September 2, 2015)
Full article available to Wilson County News subscribers only. Click here to subscribe. VA cuts backlog (September 2, 2015)
Full article available to Wilson County News subscribers only. Click here to subscribe. Welcome back! (September 2, 2015)