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An Apology

This is making the rounds on the Internet:

I owe my 45-supporting friends an apology (?). I’ve been critical of the trump presidency these last four years, and am still exhausted from the experience.

But to be fair, president trump wasn’t that bad, other than when he incited an insurrection against the government, mismanaged a pandemic that killed nearly half a million Americans, separated children from their families, lost those children in the bureaucracy, tear-gassed peaceful protesters on Lafayette Square so he could hold a photo op holding a Bible in front of a church, tried to block all Muslims from entering the country, got impeached, got impeached again, had the worst jobs record of any president in modern history, pressured Ukraine to dig dirt on Joe Biden, fired the FBI director for investigating his ties to Russia, bragged about firing the FBI director on TV, took Vladimir Putin’s word over the US intelligence community, diverted military funding to build his wall, caused the longest government shutdown in US history, called Black Lives Matter a “symbol of hate,” lied nearly 30,000 times, banned transgender people from serving in the military, ejected reporters from the White House briefing room who asked tough questions, vetoed the defense funding bill because it renamed military bases named for Confederate soldiers, refused to release his tax returns, increased the national debt by nearly $8 trillion, had three of the highest annual trade deficits in U.S. history, called veterans and soldiers who died in combat losers and suckers, coddled the leader of Saudi Arabia after he ordered the execution and dismembering of a US-based journalist, refused to concede the 2020 election, hired his unqualified daughter and son-in-law to work in the White House, walked out of an interview with Lesley Stahl, called neo-Nazis “very fine people,” suggested that people should inject bleach into their bodies to fight COVID, abandoned our allies the Kurds to Turkey, pushed through massive tax cuts for the wealthiest but balked at helping working Americans, incited anti-lockdown protestors in several states at the height of the pandemic, withdrew the US from the Paris climate accords, withdrew the US from the Iranian nuclear deal, withdrew the US from the Trans Pacific Partnership which was designed to block China’s advances, insulted his own Cabinet members on Twitter, pushed the leader of Montenegro out of the way during a photo op, failed to reiterate US commitment to defending NATO allies, called Haiti and African nations “shithole” countries, called the city of Baltimore the “worst in the nation,” claimed that he single handedly brought back the phrase “Merry Christmas” even though it hadn’t gone anywhere, forced his Cabinet members to praise him publicly like some cult leader, believed he should be awarded the Nobel Peace Prize, berated and belittled his hand-picked Attorney General when he recused himself from the Russia probe, suggested the US should buy Greenland, colluded with Mitch McConnell to push through federal judges and two Supreme Court justices after supporting efforts to prevent his predecessor from appointing judges, repeatedly called the media “enemies of the people,” claimed that if we tested fewer people for COVID we’d have fewer cases, violated the emoluments clause, thought that Nambia was a country, told Bob Woodward in private that the coronavirus was a big deal but then downplayed it in public, called his exceedingly faithful vice president a “p—y” for following the Constitution, nearly got us into a war with Iran after threatening them by tweet, nominated a corrupt head of the EPA, nominated a corrupt head of HHS, nominated a corrupt head of the Interior Department, nominated a corrupt head of the USDA, praised dictators and authoritarians around the world while criticizing allies, refused to allow the presidential transition to begin, insulted war hero John McCain – even after his death, spent an obscene amount of time playing golf after criticizing Former President Barack Obama for playing (far less) golf while president, falsely claimed that he won the 2016 popular vote, called the Muslim mayor of London a “stone cold loser,” falsely claimed that he turned down being Time’s Man of the Year, considered firing special counsel Robert Mueller on several occasions, mocked wearing face masks to guard against transmitting COVID, locked Congress out of its constitutional duty to confirm Cabinet officials by hiring acting ones, used a racist dog whistle by calling COVID the “China virus,” hired and associated with numerous shady figures that were eventually convicted of federal offenses including his campaign manager and national security adviser, pardoned several of his shady associates, gave the Presidential Medal of Freedom to two congressman who amplified his batshit crazy conspiracy theories, got into telephone fight with the leader of Australia(!), had a Secretary of State who called him a moron, forced his press secretary to claim without merit that his was the largest inauguration crowd in history, botched the COVID vaccine rollout, tweeted so much dangerous propaganda that Twitter eventually banned him, charged the Secret Service jacked-up rates at his properties, constantly interrupted Joe Biden in their first presidential debate, claimed that COVID would “magically” disappear, called a U.S. Senator “Pocahontas,” used his Twitter account to blast Nordstrom when it stopped selling Ivanka’s merchandise, opened up millions of pristine federal lands to development and drilling, got into a losing tariff war with China that forced US taxpayers to bail out farmers, claimed that his losing tariff war was a win for the US, ignored or didn’t even take part in daily intelligence briefings, blew off honoring American war dead in France because it was raining, redesigned Air Force One to look like the trump Shuttle, got played by Kim Jung Un and his “love letters,” threatened to go after social media companies in clear violation of the Constitution, botched the response to Hurricane Maria in Puerto Rico, threw paper towels at Puerto Ricans when he finally visited them, pressured the governor and secretary of state of Georgia to “find” him votes, thought that the Virgin islands had a President, drew on a map with a Sharpie to justify his inaccurate tweet that Alabama was threatened by a hurricane, allowed White House staff to use personal email accounts for official businesses after blasting Hillary Clinton for doing the same thing, rolled back regulations that protected the public from mercury and asbestos, pushed regulators to waste time studying snake-oil remedies for COVID, rolled back regulations that stopped coal companies from dumping waste into rivers, held blatant campaign rallies at the White House, tried to take away millions of Americans’ health insurance because the law was named for a Black man, refused to attend his successors’ inauguration, nominated the worst Education Secretary in history, threatened judges who didn’t do what he wanted, attacked Dr. Anthony Fauci, promised that Mexico would pay for the wall (it didn’t), allowed political hacks to overrule government scientists on major reports on climate change and other issues, struggled navigating a ramp after claiming his opponent was feeble, called an African-American Congresswoman “low IQ,” threatened to withhold federal aid from states and cities with Democratic leaders, went ahead with rallies filled with maskless supporters in the middle of a pandemic, claimed that legitimate investigations of his wrongdoing were “witch hunts,” seemed to demonstrate a belief that there were airports during the American Revolution, demanded “total loyalty” from the FBI director, praised a conspiracy theory that Democrats are Satanic pedophiles, completely gutted the Voice of America, placed a political hack in charge of the Postal Service, claimed without evidence that the Obama administration bugged trump Tower, suggested that the US should allow more people from places like Norway into the country, suggested that COVID wasn’t that bad because he recovered with the help of top government doctors and treatments not available to the public, overturned energy conservation standards that even industry supported, reduced the number of refugees the US accepts, insulted various members of Congress and the media with infantile nicknames, gave Rush Limbaugh a Presidential medal of Freedom at the State of the Union address, named as head of federal personnel a 29-year old who’d previously been fired from the White House for allegations of financial improprieties, eliminated the White House office of pandemic response, used soldiers as campaign props, fired any advisor who made the mistake of disagreeing with him, demanded the Pentagon throw him a Soviet-style military parade, hired a shit ton of white nationalists, politicized the civil service, did absolutely nothing after Russia hacked the U.S. government, falsely said the Boy Scouts called him to say his bizarre Jamboree speech was the best speech ever given to the Scouts, claimed that Black people would overrun the suburbs if Biden won, insulted reporters of color, insulted women reporters, insulted women reporters of color, suggested he was fine with China’s oppression of the Uighurs, attacked the Supreme Court when it ruled against him, summoned Pennsylvania state legislative leaders to the White House to pressure them to overturn the election, spent countless hours every day watching Fox News, refused to allow his administration to comply with Congressional subpoenas, hired Rudy Giuliani as his lawyer, tried to punish Amazon because the Jeff Bezos-owned Washington Post wrote negative stories about him, acted as if the Attorney General of the United States was his personal attorney, attempted to get the federal government to defend him in a libel lawsuit from a women who accused him of sexual assault, held private meetings with Vladimir Putin without staff present, didn’t disclose his private meetings with Vladimir Putin so that the US had to find out via Russian media, stopped holding press briefings for months at a time, “ordered” US companies to leave China even though he has no such power, led a political party that couldn’t even be bothered to draft a policy platform, claimed preposterously that Article II of the Constitution gave him absolute powers, tried to pressure the U.K. to hold the British Open at his golf course, suggested that the government nuke hurricanes, suggested that wind turbines cause cancer, said that he had a special aptitude for science, fired the head of election cyber security after he said that the 2020 election was secure, blurted out classified information to Russian officials, tried to force the G7 to hold their meeting at his failing golf resort in Florida, fired the acting attorney general when she refused to go along with his unconstitutional Muslim travel ban, hired Stephen Miller, openly discussed national security issues in the dining room at Mar-a-Lago where everyone could hear them, interfered with plans to relocate the FBI because a new development there might compete with his hotel, abandoned Iraqi refugees who’d helped the U.S. during the war, tried to get Russia back into the G7, held a COVID super spreader event in the Rose Garden, seemed to believe that Frederick Douglass is still alive, lost 60 election fraud cases in court including before judges he had nominated, falsely claimed that factories were reopening when they weren’t, shamelessly exploited terror attacks in Europe to justify his anti-immigrant policies, still hasn’t come up with a healthcare plan, still hasn’t come up with an infrastructure plan despite repeated “Infrastructure Weeks,” forced Secret Service agents to drive him around Walter Reed while contagious with COVID, told the Proud Boys to “stand back and stand by,” fucked up the Census, withdrew the U.S. from the World Health Organization in the middle of a pandemic, did so few of his duties that his press staff were forced to state on his daily schedule “president trump will work from early in the morning until late in the evening. He will make many calls and have many meetings,” allowed his staff to repeatedly violate the Hatch Act, seemed not to know that Abraham Lincoln was a Republican, stood before sacred CIA wall of heroes and bragged about his election win, constantly claimed he was treated worse than any president which presumably includes four that were assassinated and his predecessor whose legitimacy and birthplace were challenged by a racist reality TV show star named donald trump, claimed Andrew Jackson could’ve stopped the Civil War even though he died 16 years before it happened, said that any opinion poll showing him behind was fake, claimed that other countries laughed at us before he became president when several world leaders were literally laughing at him, claimed that the military was out of ammunition before he became President, created a commission to whitewash American history, retweeted anti-Islam videos from one of the most racist people in Britain, claimed ludicrously that the Pulse nightclub shooting wouldn’t have happened if someone there had a gun even though there was an armed security guard there, hired a senior staffer who cited the non-existent Bowling Green Massacre as a reason to ban Muslims, had a press secretary who claimed that Nazi Germany never used chemical weapons even though every sane human being knows they used gas to kill millions of Jews and others, bilked the Secret Service for higher than market rates when they had to stay at trump properties, apparently sold pardons on his way out of the White House, stripped protective status from 59,000 Haitians, falsely claimed Biden wanted to defund the police, said that the head of the CDC didn’t know what he was talking about, tried to rescind protection from DREAMers, gave himself an A+ for his handling of the pandemic, tried to start a boycott of Goodyear tires due to an Internet hoax, said U.S. rates of COVID would be lower if you didn’t count blue states, deported U.S. veterans who served their country but were undocumented, claimed he did more for African Americans than any president since Lincoln, touted a “super-duper” secret “hydrosonic” missile which may or may not be a new “hypersonic” missile or may not exist at all, retweeted a gif calling Biden a pedophile, forced through security clearances for his family, suggested that police officers should rough up suspects, suggested that Biden was on performance-enhancing drugs, tried to stop transgender students from being able to use school bathrooms in line with their gender, suggested the US not accept COVID patients from a cruise ship because it would make US numbers look higher, nominated a climate change sceptic to chair the committee advising the White House on environmental policy, retweeted a video doctored to look like Biden had played a song called “Fuck tha Police” at a campaign event, hugged a disturbingly large number of U.S. flags, accused Democrats of “treason” for not applauding his State of the Union address, claimed that the FBI failed to capture the Parkland school shooter because they were “spending too much time” on Russia, mocked the testimony of Dr Christine Blasey Ford when she accused Brett Kavanaugh of sexual assault, obsessed over low-flow toilets, ordered the release of more COVID vaccines when there weren’t any to release, called for the construction of a bizarre garden of heroes with statutes of famous dead Americans as well as at least one Canadian (Alex Trebek), hijacked Washington’s July 4th celebrations to give a partisan speech, took advice from the MyPillow guy, claimed that migrants seeking a better life in the US were dangerous caravans of drug dealers and rapists, said nothing when Vladimir Putin poisoned a leading opposition figure, never seemed to heed the advice of his wife’s “Be Best” campaign, falsely claimed that mail-in voting is fraudulent, announced a precipitous withdrawal of troops from Syria which not only handed Russia and ISIS a win but also prompted his defense secretary to resign in protest, insulted the leader of Canada, insulted the leader of France, insulted the leader of Britain, insulted the leader of Germany, insulted the leader of Sweden (Sweden!!), falsely claimed credit for getting NATO members to increase their share of dues, blew off two Asia summits even though they were held virtually, continued lying about spending lots of time at Ground Zero with 9/11 responders, said that the Japanese would sit back and watch their “Sony televisions” if the US were ever attacked, left a NATO summit early in a huff, stared directly into an eclipse even though everyone over the age of 5 knows not to do that, called himself a very stable genius despite significant evidence to the contrary, refused to commit to a peaceful transfer of power and kept his promise, and a whole bunch of other things I can’t remember at the moment.

But other than that. . .

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MTG

SNL was pretty darn good this week. Here are two skits:

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Capitalism vs. Socialism?

There is an important side story about what just happened in Texas with their (not completely unpredictable) freezing weather, and the collapse of their electrical grid. The story we are being told is that Texas deregulated their energy system in 1999, using the promise that this would increase competition, provide consumer choice, and thus lower prices for electricity and other sources of energy. However, in this competitive “free” market, certain (shall we say) shortcuts were taken. In particular these companies didn’t bother to winterize their pipelines and other equipment, as is required in all other states through — you guessed it — pesky and “socialistic” regulations.

But ironically, some Wall Street Journal reporters looked into the Texas energy market, and found that (surprise, surprise) Texans with deregulated energy rates paid $28 billion more than those with traditional, regulated plans. They could do this because not all areas of Texas became deregulated, and what they found was that people who bought “free market” energy paid 13% more than the national average for their energy, compared to people who were still getting their energy from regulated suppliers, who paid 8% less than the national average. And the increased competition and choice that was promised through deregulation? Mergers left Texans with a duopoly of essentially two main retail electricity providers.

Bottom line? Deregulation was a total bust in this case. The resulting deregulated market cost consumers more, provided worse service, did not anticipate obvious problems, and when those problems occurred the lowered supply of energy and the increased demand naturally resulted in insanely high energy bills, as high as $17,000 for a single month’s electricity for a single house. That is, if their electricity wasn’t actually cut off, leaving them freezing cold (in some cases, to death).

Now, I am a capitalist. I believe in (actual) free markets. But what they had in Texas was not a free market in any sense. If people are freezing to death, they will pay any price necessary to stay alive. It isn’t freedom if there is a gun to your head. That’s why we have laws against monopolies, which the Republicans seem to ignore, while pretending to sing the praises of free markets.

Also, note that when the Texas energy market failed, the federal government had to declare an emergency and bail out the energy companies. If this were a truly free market, the energy companies are the ones that would suffer, not the consumers.

In the system championed by the Republicans, the corporations are the ones who are protected, and the consumers suffer. There is a name for this kind of system, where corporations are partners with the government, and individual rights (like for consumers) are suppressed. It is called national socialism (also known as Nazism). The Republicans paint the Democrats as socialists, and manage to scare people into voting against their own interests. How many times will we be fooled by this?

© Ruben Bolling
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RIP

May Rush Limbaugh rest in peace. Not just peace for him, but for the rest of us.

According to Electoral-Vote, the loss of Limbaugh may be especially bad news for a few right-wing pundits:

We also wonder if this is an early reflection of how the loss of Rush Limbaugh will impact the right-wing media. Say what you will about the man, he knew how to find Achilles’ heels, real and imagined, and to exploit the heck out of them. Many is the day that Limbaugh found some new angle to explore, and then the Sean Hannitys and Tucker Carlsons of the world just parroted it that evening, accompanied by some pretty graphics. Maybe, just maybe, they have lost their muse.

What will happen to the children, now that they are orphans?

© David Horsey
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“I don’t get no respect!”

Ted Cruz says that his wife is “pretty pissed” that her text messages about their last minute trip to Cancun Mexico were leaked to the NY Times. He then plays the victim, saying:

Here’s a suggestion, just don’t be assholes. Yeah, like just you know, treat each other as human beings have some degree, some modicum of respect.

What I want to know is, just whom is the big asshole here? Is it any surprise that Cruz now turns to misdirection, blaming the people who exposed his hypocrisy, rather than giving him the respect that he seems to believe he richly deserves?

© Matt Wuerker
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No Pain, No Gain

Rick Perry, former governor of Texas and former Secretary of Energy, said “Texans would be without electricity for longer than three days to keep the federal government out of their business.” Of course, what would Perry know about energy? Ironically, the Department of Energy’s main job is to manage our nation’s nuclear stockpile, not to make sure that citizens have heat and power. Perry didn’t seem to realize that when he took the job.

On the other hand, I kinda agree with his idea of suffering being good for the soul. After all, being without electricity might just be what it takes to wake Texans up, so that they finally get rid of that worthless pile of “sheee-it” Ted Cruz.

CNN reports that while Cruz was fleeing Texas for warmer climes, Democrats got to work solving the problem. Beto O’Rourke (who came close to unseating Cruz in 2018) “ran a virtual phone bank to contact senior citizens in Texas, to connect them with resources during the disaster.” At the same time, Alexandria Ocasio-Cortez launched a fundraiser on Twitter that raised at least $2 million to help Texans, and she is going to personally fly to Texas to help distribute supplies.

© Tom Tomorrow
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Trump bin Laden?

Osama bin Laden’s big mistake was that he didn’t realize that he could have caused far more death and destruction by simply by becoming president of the US. Indeed, Donald Trump wasn’t smart enough to figure that out on his own, the Russians had to cultivate him into it.

© Ruben Bolling
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Cruzing for a Bruising

By now, almost everyone knows that while (normally balmy) Texas was suffering freezing weather with millions of people without power, Ted Cruz took off for a vacation in Cancun, Mexico. He was originally busted by fellow travelers (his own constituents?), who posted photos of Cruz in the airport and on the airplane.

Cruz tried to claim that he was just being a chaperone for his daughters.

However, this didn’t really pass the smell test. It seems more likely that he is flying back only because he got busted. If he was actually busy “using all our resources” to deal with the situation in Texas, someone else could have flown down with his kids if necessary. In fact, since his girls were traveling with “friends”, aren’t there any adults on the trip too? If not, is Cruz actually leaving his 10- and 12-year-old daughters alone in Cancun with their friends and no adult? I don’t think so.

Later on Thursday, to nobody’s surprise, the NY Times published text messages sent by his wife, Heidi Cruz, that showed that Cruz was indeed lying. The Cruz family hastily planned the trip to escape their freezing home, and Ted Cruz only decided to return to Texas early when the photos of him went viral.

Text messages sent from Ms. Cruz to friends and Houston neighbors on Wednesday revealed a hastily planned trip. Their house was “FREEZING,” as Ms. Cruz put it — and she proposed a getaway until Sunday. Ms. Cruz invited others to join them at the Ritz-Carlton in Cancún, where they had stayed “many times,” noting the room price this week ($309 per night) and its good security. The text messages were provided to The New York Times and confirmed by a second person on the thread, who declined to be identified because of the private nature of the texts.

Wow, even their friends ratted them out.

Did anyone actually trust Ted Cruz to ever tell the truth? After all, the Republicans in Texas are busy blaming the failure of their power grid on the Democratic Party’s proposed “Green New Deal”, which doesn’t even exist yet. In fact, sustainable energy sources like windmills performed much more reliably in this cold snap than the fossil fuel plants that supply over 80% of the electricity in Texas.

Not to mention that when California had some power outages last August due to a heatwave, Cruz tweeted “California is now unable to perform even basic functions of civilization, like having reliable electricity. Biden/Harris/AOC want to make CA’s failed energy policy the standard nationwide. Hope you don’t like air conditioning!” Luckily, the internet never forgets. When people reminded Cruz of his earlier snarky comments, he had to admit “I got no defense. A blizzard strikes Texas & our state shuts down. Not good. Stay safe!”

I guess his idea of staying safe is to flee for less frozen climes. As fellow Republican Meghan McCain pointed out, “Very Marie Antoinette”, and that there’s a “lot of heads to roll.” Indeed, Cruz has criticized other politicians in the past for traveling in the wake of crises. And in the middle of a deadly crisis, Cruz had Houston police escort him to the airport. Cruz also left his dog, ironically named “Snowflake” back in the FREEZING house. At least Mitt Romney took his dog with him.

Next, people noticed his clothing. First his mask:

Second, he’s wearing a Patagonia shirt. If you recall, Patagonia is the clothing company that is putting tags like this in their shirts:

There is some consensus that Patagonia wrote the one in the photo specifically for Cruz.

Finally, I leave you with this hilarious sarcasm from Alexandra Petri:

I, Ted Cruz, am hearing now that my decision to go to Cancun while Texas is devastated by a winter storm and when millions remained without power was — wrong!

This has been very confusing for me. I was just doing what I thought made sense, based on my entire life’s experience of how people respond to my being somewhere, which is to say: They get mad that I am there and say they want me to leave.

One thing I know about myself is that I am Ted Cruz. “I like Ted Cruz more than most of my other colleagues like Ted Cruz. And I hate Ted Cruz,” is something one of my former colleagues said about me. People are always commenting things like that. John Boehner called me “Lucifer in the flesh.” Sen. Lindsey Graham said, “If you killed Ted Cruz on the floor of the Senate, and the trial was in the Senate, nobody would convict you.”

There is a long-running joke that I am the Zodiac Killer, which is not something there usually is about people who are universally liked. My college roommate wrote, “Ted Cruz is a nightmare of a human being. I have plenty of problems with his politics, but truthfully his personality is so awful that 99 percent of why I hate him is just his personality. If he agreed with me on every issue, I would hate him only 1 percent less.” Flowers wither at my approach; the sun shrouds itself in shadow; no matter what haircut I have, people agree that it is wrong. And I think this time, it really is wrong!

Seeing Texas in crisis, my reasoning was that the last thing anyone would want would be for me to show up. I assumed that the only thing that could make everyone’s experience worse would be the addition of Ted Cruz. “My power is out… I am breaking up my furniture to burn it… and Ted Cruz is here!” That third thing would be the thing that broke you, I think.

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Who Died?

Vox has an interesting interactive infographic showing just who has died from Covid-19 in the US, broken down by age, race, and region (urban vs. rural).

We already understand that people of color are twice as likely to die from the pandemic than white people. But did you know that even though the elderly are more likely to die from Covid, that younger people are more likely to actually catch it (the speculation is that younger people are more careless about observing social distancing and mask rules).

In other news, a Nature survey of more than 100 immunologists, infectious-disease researchers and virologists found that nearly 90% “think that the coronavirus will become endemic — meaning that it will continue to circulate in pockets of the global population for years to come. It will be like the flu. It will pop up every year, and some people will die from it, but we will have better vaccines and treatments for it.

Meanwhile, now that they are out of power, the Republicans don’t seem to want to do anything to combat the pandemic. It’s almost like they want more people to die so the Democrats won’t be winners.

© Matt Wuerker
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Shame!

The Republicans were too chickenshit to convict Trump, even though most of them admitted that he is guilty. So they let him off on a technicality (and a pretty lame one at that). I think we have uncovered a pretty severe flaw in our political system, but I have no idea how we can fix it.

Will it require our country to completely fall apart, so we can rebuild it from scratch? If we are very lucky, maybe it will only require the Republican Party to completely collapse, so it can be rebuilt. But I doubt that will happen.

© Tom Tomorrow
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Unite Us

Watch this until the end.

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Headline of the Week

Published in the Daily Mail:

Embattled QAnon congresswoman Marjorie Taylor Greene ‘openly cheated’ on her husband of 25 years with a polyamorous tantric sex guru and then moved on to another affair with the manager at her gym.

I guess she has more than one thing in common with Trump. She’s a cheater.

© Bill Bramhall
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Cancel Cancel Culture

Republican media continues to complain loud and long about how Trumpists are being censored and silenced, and “the base” continues to eat up this hypocrisy.

But the real irony is that it is all about the money. Now the money they have made stirring up resentment and anger is being cancelled by the lawsuits being filed over their libel, slander, and lies.

© Tom Tomorrow

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A Better Economic System

A fascinating article in Time Magazine talks about ways that cities are changing their economic systems. They focus on Amsterdam, but it turns out that there are cities all over the world that are doing this.

This is related to the rise of “B Corporations“. Most corporations are “C Corporations” (although there are also “S Corporations”, and various forms of co-operatives). The rules and laws for each of these are different.

B Corps are a recent innovation, and the reason they were developed is because corporations are completely focused on making money for their shareholders. In particular, it is difficult for corporations to take into account “externalities“. Externalities include the environment (both pollution and the using up of scarce resources).

B Corporations attempt to make the price of a product or service reflect the true costs and benefits of that product or service for society as a whole. For example, a carbon tax increases the cost of a product to reflect its damage to the environment.

The Time Magazine article gives an example about Amsterdam’s “true-price initiative”:

The label by the zucchini said they cost a little more than normal: 6¢ extra per kilo for their carbon footprint, 5¢ for the toll the farming takes on the land, and 4¢ to fairly pay workers.

This example focuses on the costs of this initiative. But taking account of externalities can be done in a revenue-neutral way. For example, I would propose that we reduce many of our other taxes. In particular, I think sales taxes are stupid, and income taxes should be restructured. After all, we obviously want to encourage people to make money and to buy things. Both of those things significantly help our economy.

Taxing something tends to strongly suppress it. In fact, when you read the zucchini example, did you become concerned that people would tend to buy less food if it suddenly became more expensive? This could be compensated for by not charging sales taxes and lowering income taxes.

There are also taxes I would increase, such as inheritance taxes and property taxes. In particular, they should be restructured to make them more progressive. A progressive wealth tax would also be a good idea. And since volatility in the stock market is considered a very bad thing, I would add a transaction tax on securities. We could also add taxes on things that affect health, like we already do with cigarettes.

Bottom line: We should be taxing things that we want to discourage, and lowering taxes on things we want to encourage. I’m glad that cities are taking the lead on this, but I’d like it done at all levels of government.

I also want to point out that taking externalities into account actually strengthens capitalism. In fact, Adam Smith’s Wealth of Nations is about this kind of capitalism, and how it will benefit nations of people. Let’s use the “invisible hand” to make life better for everyone.

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Progressives aren’t Progressing fast enough

This post probably isn’t about what you think it might be about from the title. It is about the curious fact that countries and US states with conservative leaders are doing a better job of getting people vaccinated than countries with progressive leaders.

This comes from an interesting article in (of all places) the NY Times, titled “The Left’s Vaccine Problem“. The problem seems to be that progressive governments are spending too much effort worrying about who should get the vaccine, instead of just focusing on getting shots into arms. In some cases, vaccine has been thrown away because they didn’t have enough of the “right people”, and there were penalties for giving it to the wrong people. Sheesh.

I’m fine that we got front-line healthcare workers vaccinated first. Not only do they need it more than anyone else, and it would be an even worse disaster if we lost doctors and nurses during a pandemic, and it was easy to identify these people and get them shots quickly (after all, most of them work in hospitals!)

But after that, it seems like the best way to fight the pandemic is to get it to everyone as quickly as possible. It really doesn’t matter who “deserves” it more. We need to get to herd immunity quickly, and that will benefit everyone.

Rather than spend our time deciding who can’t get the vaccine, let’s spend any extra time and effort identifying people who are having problems getting it (for example, older people in nursing homes) and get them some help.

This is no time to worry about being politically correct.

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