Category Archives: News

New study: Biden’s tax hikes hit 80% of Americans, $6,500 less median household income

These people are all voting for Joe Biden - are you?
These people are all voting for Joe Biden – are you?

This study actually appeared in the Wall Street Journal, but since they have a paywall, I am linking to The Federalist instead. This new study comes from the Hoover Institute at Stanford University. The Biden campaign is claiming that middle-class households won’t feel any effects from these tax increases. But the study is clear. Not only will 80% of Americans pay more, but many jobs will also be lost.

The Federalist reports on the study, which has some very prestigious authors:

A new study shows that Democratic Presidential Nominee Joe Biden’s proposed economic plan would significantly hurt the long-term American economy if implemented.

While many mainstream media outlets claim Biden’s plan will target the wealthy and save the middle-class money, the 50-page study released by the Hoover Institution shows different results.

“Economists have paid too little attention to the economic effects of the Biden plan,” said Casey B. Mulligan, professor of economics at the University of Chicago. “Our report, which focuses on taxation, health insurance, regulation, and energy policy, suggests that these effects are potentially very large indeed.”

The study conducted by a group of financial and economic experts including Mulligan, former Chief Economist of the White House Council of Economic Advisers, and Kevin Hassett, Chairman of the Council of Economic Advisers since 2017, demonstrates how Biden’s plan will hurt everyone.

This is the bottom line: higher unemployment, lower household income for the average household:

“We conclude that, in the long run, Vice President Biden’s full agenda reduces full-time equivalent employment per person by about 3 percent, the capital stock per person by about 15 percent, real GDP per capita by more than 8 percent, and real consumption per household by about 7 percent,” the report stated.

If Biden’s proposed changes are implemented, the economists warn that, according to the Congressional Budget Office’s projections, 2030 may yield “4.9 million fewer employed individuals, $2.6 trillion less GDP, and $1.5 trillion less consumption in that year alone.” The economists also note that the median household income in 2030 would fall by $6,500 despite Biden’s promises to prioritize the middle class.

You’re not going to be immune to this, even if you’re poor:

While Biden and his VP Nominee Kamala Harris previously promised that they will not “raise taxes on anyone who makes less than $400,000,” they have also promised to repeal the tax cuts made by President Trump, which gave 80.4 percent of all taxpayers a cut and 91 percent of the middle quintile a cut.

I don’t like numbers like this. It’s not just that I have to work the same amount for less take-home pay, which reduces my freedom. It’s also that the pressure on “the rich”, i.e. – MY EMPLOYER, causes companies to ship jobs overseas where labor costs are lower. Did you know that higher taxes causes outsourcing of jobs? The more that business owners have to pay, the more likely they are to pick up and move somewhere else – taking their jobs with them.

I don’t like this. It’s hard enough for me to make a living without the government taking more of what I earn. I’ll have to work longer in order to make up the difference – assuming I can even keep my job.

NEW Hunter Biden e-mails reveal deal with Chinese investors and Communist Party officials

Where did all this money come from?
Where did all this money come from?

This story is separate from the story from last week about Hunter Biden and Ukraine. Last week’s story was about Hunter’s dealings with a Ukraine energy company. Today’s story is about Chinese investors and members of the Chinese Communist Party. The story, reported by Breitbart, emerged because a former associate of Hunter Biden provided access to his e-mail account.

Breitbart reports:

Newly obtained emails from a Hunter Biden business partner lay out in detail how the Vice President’s son and his colleagues used their access to the Obama-Biden administration to arrange private meetings for potential foreign clients and investors at the highest levels in the White House. These never-before-revealed emails outline how a delegation of Chinese investors and Communist Party officials managed to secure a private, off-the-books meeting with then-Vice President Joe Biden.

In a 2011 email, Hunter Biden’s business associates also discussed developing relations with what one called “China Inc.” as part of a “new push on soft diplomacy for the Chinese.” These emails are completely unconnected to the Hunter Biden emails being released by the New York Post.

[…]The emails offer a unique window into just how the Biden universe conducted business during the Obama-Biden Administration. These associates sought to trade on Hunter Biden’s relationship with, and access to, his father and the Obama-Biden White House in order to generate business.

The White House access confirms that a collection of Chinese businessmen and Communist Party officials were given access to the White House.

In addition to that story, there is a new story from the New York Post about another report that could lead to another potential scandal for Hunter Biden. This time it’s Kazakhstan.

New York Post reports:

Hunter Biden is facing fresh questions over business dealing in yet another nation — Kazakhstan.

Between 2012 and 2014 — when his father Joe Biden served as Vice President — Hunter Biden worked as a go-between to Kenes Rakishev, a Kazakh oligarch with close ties to the country’s longtime kleptocratic leader Nursultan Nazarbayev, The Daily Mail reported.

The British tabloid said they obtained emails from “anti-corruption campaigners” in Kazakhstan showing Hunter making contact with Rakishev and attempting to facilitate investment for his cash in New York, Washington DC and a Nevada mining company.

Through his connections, emails show Hunter Biden successfully engineered a $1 million investment from Rakishev to filmmaker Alexandra Forbes Kerry — the daughter of ex-Sen. and former Democratic presidential nominee John Kerry, the report said.

These countries seem weird, but the amount of money involved is big money.

It should be a really interesting week, because conservative journalists have been given access to 26,000 MORE e-mails from the account of Hunter Biden’s former associate Bevan Cooney. I’m excited. We needed to get some real reporting on Joe Biden, since the mainstream news media isn’t willing to do the job.

Correcting four myths about the history of the Crusades

Crusader
Crusader

Here is an interesting article from Intercollegiate Studies Institute.

Intro:

The verdict seems unanimous. From presidential speeches to role-playing games, the crusades are depicted as a deplorably violent episode in which thuggish Westerners trundled off, unprovoked, to murder and pillage peace-loving, sophisticated Muslims, laying down patterns of outrageous oppression that would be repeated throughout subsequent history. In many corners of the Western world today, this view is too commonplace and apparently obvious even to be challenged.

But unanimity is not a guarantee of accuracy. What everyone “knows” about the crusades may not, in fact, be true. From the many popular notions about the crusades, let us pick four and see if they bear close examination.

The four myths:

  • Myth #1: The crusades represented an unprovoked attack by Western Christians on the Muslim world.
  • Myth #2: Western Christians went on crusade because their greed led them to plunder Muslims in order to get rich.
  • Myth #3: Crusaders were a cynical lot who did not really believe their own religious propaganda; rather, they had ulterior, materialistic motives.
  • Myth #4: The crusades taught Muslims to hate and attack Christians.

Here’s the most obvious thing you should know. The Crusades were defensive actions:

In a.d. 632, Egypt, Palestine, Syria, Asia Minor, North Africa, Spain, France, Italy, and the islands of Sicily, Sardinia, and Corsica were all Christian territories. Inside the boundaries of the Roman Empire, which was still fully functional in the eastern Mediterranean, orthodox Christianity was the official, and overwhelmingly majority, religion. Outside those boundaries were other large Christian communities—not necessarily orthodox and Catholic, but still Christian. Most of the Christian population of Persia, for example, was Nestorian. Certainly there were many Christian communities in Arabia.

By a.d. 732, a century later, Christians had lost Egypt, Palestine, Syria, North Africa, Spain, most of Asia Minor, and southern France. Italy and her associated islands were under threat, and the islands would come under Muslim rule in the next century. The Christian communities of Arabia were entirely destroyed in or shortly after 633, when Jews and Christians alike were expelled from the peninsula.6 Those in Persia were under severe pressure. Two-thirds of the formerly Roman Christian world was now ruled by Muslims.

What had happened? Most people actually know the answer, if pressed—though for some reason they do not usually connect the answer with the crusades. The answer is the rise of Islam. Every one of the listed regions was taken, within the space of a hundred years, from Christian control by violence, in the course of military campaigns deliberately designed to expand Muslim territory at the expense of Islam’s neighbors. Nor did this conclude Islam’s program of conquest. The attacks continued, punctuated from time to time by Christian attempts to push back. Charlemagne blocked the Muslim advance in far western Europe in about a.d. 800, but Islamic forces simply shifted their focus and began to island-hop across from North Africa toward Italy and the French coast, attacking the Italian mainland by 837. A confused struggle for control of southern and central Italy continued for the rest of the ninth century and into the tenth. In the hundred years between 850 and 950, Benedictine monks were driven out of ancient monasteries, the Papal States were overrun, and Muslim pirate bases were established along the coast of northern Italy and southern France, from which attacks on the deep inland were launched. Desperate to protect victimized Christians, popes became involved in the tenth and early eleventh centuries in directing the defense of the territory around them.

If you asked me what are the two best books on the Crusades, I would answer God’s Battalions: The Case for the Crusades by Baylor professor Rodney Stark and The Concise History of the Crusades by Professor Thomas F. Madden. If you get this question a lot from atheists, then I recommend you pick these up. Anything by Rodney Stark is useful for Christians, in fact.