New Ernst and Young report: proposed tax increases will cost 710,000 jobs

Here’s the news from The Hill:

Allowing tax rates for the country’s highest earners to rise, an idea endorsed by top Democrats, would have a dire effect on the economic recovery, according to a new report prepared for business groups that was released Tuesday.

The study from Ernst & Young found that letting tax rates for the wealthiest Americans lapse would sap $200 billion and some 700,000 jobs out of the economy, reduce wages by 1.8 percent and lead to a decrease in investment.

“These results may suggest to policy makers that allowing the top tax rates to increase comes with economic consequences,” Ernst & Young’s Robert Caroll and Gerald Prante wrote in the report for the Independent Community Bankers of America, the National Federation of Independent Business, the S Corporation Association and the U.S. Chamber of Commerce.

“Long-run output can be expected to fall, and, depending on the use of the revenues, living standards, as reflected by workers‟ real after-tax wages, may also be lower.”

Top Republicans, including House GOP leaders and committee chairmen, jumped on the Tuesday report, as they continue to battle with President Obama and Democrats over how to proceed on tax issues and the broader fiscal cliff.

Obama reiterated last week his plan to only extend the Bush-era rates for annual family incomes up to $250,000 for another year, a proposal many congressional Democrats have coalesced behind. Republicans on the Hill want to extend all current rates for a year.

The key findings are here on the House Ways and Means Committee‘s web site:

Lower wages, fewer jobs and less investment

  • Output in the long-run would fall by 1.3 percent, or $200 billion in today’s economy.
  • Employment in the long-run would fall by 0.5 percent, meaning roughly 710,000 fewer jobs in today’s economy.
  • Capital stock and investment in the long-run would fall by 1.4 percent and 2.4 percent, respectively.
  • Real after-tax wages would fall by 1.8 percent, reflecting a decline in workers’ living standards relative to what would have occurred otherwise.

Every state in the U.S. feels the impact of tax hikes

  • The report, which offers a state-by-state look at the impact on economic output and employment, finds that every state is affected negatively by the tax increases contemplated by the Obama Administration.

Ernst & Young is one of the top financial firms in the world. The report is entitled “Long-run macroeconomic impact of increasing tax rates on high-income taxpayers in 2013”.

Even though Obama has increased our debt by nearly 6 trillion in less than four years, that money hasn’t created any jobs because government is not efficient at creating jobs that last. When you take money away from people who create jobs, you lose the jobs.  Wasting money on green energy firms that go bankrupt is a great plan to pay back your campaign fundraisers, but it’s not a good plan to create jobs. Bailing out labor unions with billions of taxpayer dollars so that they can create electric cars that catch fire is not the right way to create jobs, either. That’s what the stimulus was – $800 billion dollars taken out of the hands of businesses and sent directly to Obama’s allies. We need to get the government out of our business if we want job creation.

The consequences of the feminization of education in the UK

Dina sent me this article from the UK Daily Mail. The article starts with an excellent explanation of what male teachers bring to the classroom when they are not regulated by politically correct feminists, using one Eric Sutton as an example.

Then there is this:

Which brings me to the reason I’m taking a trip down Memory Lane today — the news that there has been a significant increase in the number of men training as primary school teachers.

For the past 40-odd years, the feminisation of state education has been a disaster. There are more than 4,250 schools in Britain where not a single male teacher can be found in the staff room. The Eric Suttons of this world are as extinct as the stegosaurus.

Coupled with the trendy, ‘child-centred’ teaching methods indoctrinated by Marxist training colleges, this has been responsible for a collapse in discipline and an alarming increase in illiteracy.

Generations of boys have been utterly betrayed by the system set up to educate them — many written off as suffering from a bewildering array of fashionable ‘hyperactivity disorders’ and pumped full of mind-bending drugs simply because young female teachers have no idea how to control or inspire them.

Mr Sutton didn’t need Ritalin to bring an unruly child to order, just a well-aimed blackboard eraser.

With no competitive sport to channel their physical excesses — a consequence of the pernicious ‘all-must-have-prizes’ culture identified by Melanie Phillips — and zero intellectual stimulation, young men are leaving school unsuited to the adult world.

The rise in single motherhood and absentee fathers, coupled with a monopoly of female primary school teachers, means that countless thousands of boys reach puberty without having encountered a male role model, apart from the local ‘gangstas’.

Our sick society, which considers any man who wants to work with children to be a potential paedophile, has helped to turn primary schools into testosterone-free zones.

A male teacher who volunteered to take young boys and girls swimming would be lucky to escape without a knock on the door from the nonce squad or a petrol bomb being lobbed through his front window.

Those hardy male souls who have taken the plunge report hostility and ‘intimidation’ from all-female staff rooms — which tends to suggest they are probably not cut out for dealing with a class full of seven-year-old savages, either.

All this combined with relatively low wages has conspired against encouraging any young family man to become a primary school teacher.

The good news is that recent changes which allow teachers to earn a salary while they train in school have begun to attract more men into the profession. And the Government has launched a campaign to persuade male graduates to take up a career in primary education.

The numbers applying have risen by 51 per cent, albeit from a low base.

Eric Sutton would have approved.

Boys simply do not learn well from female teachers, and they especially don’t learn well when they are distracted by girls. Boys are in rapid retreat as a result of these policies. Not only that, but feminism’s emphasis on sex education and recreational premarital sex does nothing to encourage men to take on the traditional male roles and commit to a woman in order to get sex in the context of marriage. Much of the idiotic “man up” rhetoric on the right and left fails to recognize these three factors which discourage men from stepping into their roles as leaders, providers and protectors.

I think that more male teachers is a good sign for the success of boys in the UK, because boys who lack male leadership from fathers and teachers do not easily accept the roles that society needs them to play – including protecting, providing and leading on moral and spiritual issues. It’s nice to see that the UK is taking steps to come out of the long dark night of feminism, even as America dips further and further into it, with the decline of males aided by government intervention. Maybe the collapse of the traditional family needs to happen realize the harm that feminism has done to children, and especially to young men.

Douglas Groothuis lectures on the kalam cosmological argument

I watched lecture and it was excellent and comprehensive. He even talked about J.P. Moreland, Alan Padgett and other scholars. There were some things I had heard before, and some things that were new. He covered a lot of books that I had to read when I was sorting all of this stuff out, too.

Here’s the description from the video:

Doug Groothuis gives a lecture on the Kalam Cosmological Argument. What’s interesting about this lecture is that Groothuis did not accept the Kalam Cosmological Argument at first but was later convinced by it.

Notes:

http://www.relyonchrist.com/Lecture/13.htm
http://www.relyonchrist.com/Lecture/14.htm

Kalam Cosmological Argument

(Moreland, Scaling the Secular City; see also William Lane Craig, Reasonable Faith [Crossway, 1994]; Paul Copan and William Lane Craig, Creation from Nothing [Baker, 2004]; William Lane Craig and Walter Sinnott-Armstrong, God: A Debate Between a Christian and an Atheist [Oxford, 2004])

Preliminary: concepts of (a) the actual infinite and (b) the potential infinite

1. The universe had a beginning
2. The impossibility of the actual infinite (distinguish from potential infinite)
3. The impossibility of traversing an actual infinite (even if it exists); forming an actual infinite through successive addition, piece by piece…
4. Scientific confirmation from Big Bang cosmology (absolute origination). See also John Jefferson Davis, “Genesis 1:1 and Big Bang Cosmology,” in The Frontiers of Science and Faith (InterVarsity, 2002), 11 — 36; and Robert Jastrow, God and the Astronomers (revised ed., 1992).
5. Scientific confirmation from second law of thermodynamics.
6. Astronomer Fred Hoyle (who once advanced the steady state cosmology) argues against the universe being infinitely old in virtue of its hydrogen consumption. The argument can be stated as a modus tolens deduction (denying the consequent).
7. Can everything come from nothing without a cause? The “pop theory” (biting the metaphysical bullet)
8. Philosophical critique of everything from nothing…
9. God and time (see Greg Gansell, editor, God and Time: Four Views [InterVarsity, 2001])
10. Argument against an impersonal cause
11. Argument against God needing a cause (Bertrand Russell)
12. Quentin Smith’s acceptance of Big Bang cosmology and denial of God’s existence.
13. Unitary: Ockham’s razor
14. Incorrigible, inextinguishable (having existed, God cannot fail to exist)
15. Personal, volitional (“personal explanation”—R. Swinburne)
16. Omnipotent: nothing is a greater expenditure of power than exnihilating the entire cosmos. This is rational to hold, given the argument.
17. Supplies the necessary conditions for impeccable and omnipotent goodness: (1) – (4). Need (5) moral argument and (6) the Incarnation for the final necessary condition, which, with (1) – (4), make for necessary and sufficient conditions.

What I liked about this lecture is that it kept my attention all the way through. It was very fun to listen to, because he considers a ton of alternative views and explains his view, which doesn’t agree with Bill Craig all the way. There is a 17 minute Q&A period at the end.