Wednesday, December 28, 2005

Victor Davis Hanson Does It Again

Victor Davis Hanson once again brings a clear and precise summary of the current illegal immigration issue affecting this country:

..."Stupid" characterizes a government that sits atop vast mineral and petroleum reserves, enjoys a long coastline, temperate climate, rich agricultural plains -- and either cannot or will not make the necessary political and economic reforms to feed and house its own people. The election of Vicente Fox, Nafta and cosmetic changes in banking and jurisprudence have not stopped the corruption or stemmed the exodus of millions of Mexicans.

...."Underhanded" also sums up the stance of Mexico, masquerading in humanitarian terms the abjectly immoral export of its own dispossessed. Indeed, such cynicism directly protects the status quo in three critical ways. The flight of the poor is Mexico's aberrant version of Fredrick Jackson Turner's safety-valve theory of the frontier: But instead of homesteaders heading west, the impoverished go northward, preferring simply to leave rather than change their government.


Read the whole article here.

Thursday, December 15, 2005

Who Pays The Taxes?

According to IRS data released last week:

A few weeks ago, the Internal Revenue Service released data on tax year 2003. They show that the top 1 percent of taxpayers, ranked by adjusted gross income, paid 34.3 percent of all federal income taxes that year. The top 5 percent paid 54.4 percent, the top 10 percent paid 65.8 percent, and the top quarter of taxpayers paid 83.9 percent.

Read more about tax burdens here.
And at the Tax Policy Center.

Wednesday, December 14, 2005

More Prius Follies

From Holman Jenkins in todays Wall Street Journal as he continues his expose of the silliness of owning a hybrid vehicle:

"Edmunds.com, the auto shopper site, guided us to Honda's Civic and Toyota's Corolla as conventional alternatives to the hybrid Prius. This was the source of our claim that the Prius retails for $9,500 more than comparable vehicles. In its own research, Edmunds concluded a Prius owner would have to drive 66,500 miles per year or gasoline would have to jump to $10 for the purchase to pay off. "

"But doesn't saving oil have benefits beyond the dollars saved -- for instance, postponing the doom of civilization?

No: If Prius owners consume less, there's less demand, prices will be lower and somebody else will step up to consume more than they would at the otherwise higher price. That's the price mechanism at work. Oil is a fantastically useful commodity. Humans can be relied upon to consume all the oil they'd be willing to consume at a given price."

"But wouldn't using less oil make us less dependent on Mideast imports?

Just the opposite: In the nature of things, the cheapest oil is consumed first, and Mideast oil is the cheapest. Drive a Hummer if you want to reduce America's reliance on Arab oil. Indeed, if we could all just pull together and drive gasoline prices high enough, we'd be able to satisfy all our fuel needs next door from Canadian oil sands."

Read the whole article here.