Columnist: Second Amendment to Blame for KC Chiefs Player's Murder/Suicide

Blithering idiots, the columnist and the killer.

 

Today, columnist Jason Whitlock of Fox Sports and formerly of the Kansas City Star, blamed the Second Amendment to the United State Constitution for the murder/suicide of Jovan Belcher, linebacker for the Kansas City Chiefs. Calling for the NFL to have cancelled the Chiefs’ Sunday game, Whitlock wrote:

I would argue that your rationalizations speak to how numb we are in this society to gun violence and murder. We’ve come to accept our insanity. We’d prefer to avoid seriously reflecting upon the absurdity of the prevailing notion that the second amendment somehow enhances our liberty rather than threatens it.

How many young people have to die senselessly? How many lives have to be ruined before we realize the right to bear arms doesn’t protect us from a government equipped with stealth bombers, predator drones, tanks and nuclear weapons?

Our current gun culture simply ensures that more and more domestic disputes will end in the ultimate tragedy, and that more convenience-store confrontations over loud music coming from a car will leave more teenage boys bloodied and dead.

Whitlock never lays responsibility for Jovan Belcher’s murder of his 22-year-old girlfriend and his suicide at the feet of Jovan Belcher.

More @ Breitbart

Documents Show Lieberman, King Behind Financial Blockade of WikiLeaks

Via Hype And Fail

 

 According to European Commission documents released Tuesday by Wiki Leaks, two high-ranking U.S. politicians are responsible, at least in part, for a financial blockade that the organization claims has cut off 95 percent of its revenue. Those politicians are Sen. Joseph Lieberman (I-Conn.) and Rep. Peter King (R-N.Y.), both of whom pressured MasterCard, and possibly Visa, into refusing to process payments to WikiLeaks, the documents reveal. MasterCard and Visa together control 97 percent of European Union (EU) card transactions.

There is no question that WikiLeaks is a thorn in the side of the U.S. government, revealing, in gory detail, how its world-girdling empire really operates. Nevertheless, the United States has never charged WikiLeaks or any of its staffers with a crime, and neither has any other country. Thus, there can be no justification for U.S. or foreign officials to engage in an extralegal campaign against the group; but that is exactly what they are doing.

“WikiLeaks,” writes the Guardian's Glenn Greenwald, “has been crippled by a staggering array of extra-judicial punishment imposed either directly by the U.S. and allied governments or with their clear acquiescence.”

More @ New American

American Households Hit 43-Year Low In Net Worth

 

The median net worth of American households has dropped to a 43-year low as the lower and middle classes appear poorer and less stable than they have been since 1969.

According to a recent study by New York University economics professor Edward N. Wolff, median net worth is at the decades-low figure of $57,000 (in 2010 dollars). And as the numbers in his study reflect, the situation only appears worse when all the statistics are taken as a whole.

According to Wolff, between 1983 and 2010, the percentage of households with less than $10,000 in assets (using constant 1995 dollars) rose from 29.7 percent to 37.1 percent. The “less than $10,000″ figure includes the numerous households that have no assets at all, or “negative assets,” which is otherwise known as “debt.”

More @ CBS

Obama's Most Dangerous Tax Hike: Savings and Investments

Townhall

 Kevin Glass

VERBATIM

President Obama proposed tax hike contains a lot to dislike, but what hasn't gotten much attention is the tax hike on savings and investments. While the marginal income tax rate will rise from 35% to 39.6% for top income-earners and small business owners, the proposed tax hike on capital gains and dividends could cause the most long-term economic damage.

That's not to downplay the rise in marginal rates. It could cost hundreds of thousands of jobs over the next few years. More universally acknowledged by economists, however, is the economic harm that savings and investment taxes do. In the Tax Foundation's analysis of President Obama's tax proposals, they found that the capital gains and dividends tax hikes will be almost five times as harmful in the long-run.

What President Obama's proposal does is treat dividends income as ordinary income for the upper-income tax rates. That means that we'd see a tax hike from 15% to 39.6% on dividends. Additionally, the capital-gains tax rate would increase from 15% to 20%.

Considering the pure size of the dividend tax hike, it might be most harmful. President Obama's former economic advisor Larry Summers, along with James Poterba, pioneered important research in the 1980s suggesting that dividend taxes constitute a form of a double-tax on corporations - one of the most harmful kinds of taxes that a government can levy.

We find that the traditional view that dividend taxes constitute a "double-tax" on corporate capital income is most consistent with our empirical evidence. Our results suggest that dividend taxes reduce corporate investment and exacerbate distortions in the intersectoral and intertemporal allocation of capital.

The coming hike in marginal income tax rates would certainly do some damage. Taxes on savings and investments, however, have the potential to do the most harm to the economy out of all the planned tax hikes.

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