What Thanksgiving Means To Americans

Image credit: en.wikipedia.org

 

Re-posted from earlier Cleveland Tea Party Thanksgiving blogs:

What Thanksgiving really means To Americans

A couple of years ago, Jerry Bowyer, writing in Forbes Magazine, recounted the real significance of Thanksgiving, a significance that is too often lost among the turkey dinners, football games, and stories about Indians who befriended the early settlers. 

In 1620, the Plymouth pilgrims based their original community on Plato’s Republic, a collective model that appealed to their religious convictions and morality. But the communal model didn’t work for them. After two years of failing harvests and resulting malnutrition, disease, starvation, and deaths, the pilgrims replaced the communal model with a model based on private property. The ensuing harvest was abundant, with surpluses available for trade.

Their Thanksgiving celebrated the triumph of the individual, private property, and incentive, over collectivism. At first, the pilgrims felt guilty because they were putting self-interest over the seeming altruism of socialism. Yet the devout survivors had learned two lessons: 1) that a theoretical and Utopian collective society fails, and (2) in real life, private property and capitalism produce prosperity. For them, God, not Plato, knew best. Accepting the principles of private property and self-interest was God’s way of harnessing self-interest to the greater good. We know all of this because an elder and Governor of the Plymouth plantation, William Bradford, kept a journal and it survives today. Mr. Bowyer’s earlier article, with additional historical background, is here.) 

Here’s Bowyer's “How A Failed Commune Gave Us What is Now Thanksgiving.”

It’s wrong to say that American was founded by capitalists. In fact, America was founded by socialists who had the humility to learn from their initial mistakes and embrace freedom. One of the earliest and arguably most historically significant North American colonies was Plymouth Colony, founded in 1620 in what is now known as Plymouth, Massachusetts. As I’ve outlined in greater detail here before (Lessons From a Capitalist Thanksgiving), the original colony had written into its charter a system of communal property and labor. 

As William Bradford recorded in his Of Plymouth Plantation, a people who had formerly been known for their virtue and hard work became lazy and unproductive. Resources were squandered, vegetables were allowed to rot on the ground and mass starvation was the result. And where there is starvation, there is plague. 

After 2 1/2 years, the leaders of the colony decided to abandon their socialist mandate and create a system which honored private property. The colony survived and thrived and the abundance which resulted was what was celebrated at that iconic Thanksgiving feast.

As my friend Reuven Brenner has taught me, history is a series of experiments: The Human Gamble. Some gambles work and are adopted by history and some do not and should be abandoned by it. The problem is that the human gamble only works if there is a record of experimental outcomes and if decision makers consult that record. For many years, the story of the first failed commune of Plymouth Bay was part of the collective memory of American students. But Progressive Education found that story unhelpful and it has fallen into obscurity, which explains why (as I alluded to before) a well-educated establishment figure like Jared Bernstein would be unaware of it.

I’m often asked why our current leadership class forgets the lessons of the past so often. They are, after all, very smart men and women. Don’t they know that collectivism will fail?

No, they don’t. Not anymore. For much of our history, our leaders were educated in the principles which were to help them avoid errors once they have joined the ruling class. They studied to learn how to not misuse power. Now our leaders learn nothing of the dangers of abusing power: their education is entirely geared to its acquisition.  All of their neurons are trained on that one objective – to get to the top. What they do when they get there is a matter for later. And what happens to the country when they’re done with their experiments is beside the point: after all, their experiments will not really affect them personally. History is the story of the limitations of human power. But the limits of power is a topic for people who doubt themselves and their right to rule, not the self-anointed.

That’s how it is now, and that’s how it was in 1620. The charter of the Plymouth Colony reflected the most up-to-date economic, philosophical and religious thinking of the early 17th century. Plato was in vogue then, and Plato believed in central planning by intellectuals in the context of communal property, centralized state education, state centralized cultural offerings and communal family structure. For Plato, it literally did take a village to raise a child. This collectivist impulse reflected itself in various heretical offshoots of Protestant Christianity with names like The True Levelers, and the Diggers, mass movements of people who believed that property and income distinctions should be eliminated, that the wealthy should have their property expropriated and given to what we now call the 99%. This kind of thinking was rife in the 1600s and is perhaps why the Pilgrim settlers settled for a charter which did not create a private property system.

But the Pilgrims learned and prospered. And what they learned, we have forgotten and we fade.  Now, new waves of ignorant masses flood into parks and public squares. New Platonists demand control of other people’s property. New True Levelers legally occupy the prestige pulpits of our nation, secular and sacred. And now, as then, the productive class of our now gigantic, colony-turned-superpower, learn and teach again, the painful lessons of history. Collectivism violates the iron laws of human nature. It has always failed. It is always failing, and it will always fail. I thank God that it is failing now. Providence is teaching us once again.

Happy Thanksgiving!

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National Vaccine Pass Rolled Out

 

A guest post by Hailey Sanibel of Blue State Conservative has been published at 100percentfedup.com:

“A National Vaccine Pass Has Quietly Rolled Out”
 Including In Several Red States

Despite predictable rollbacks to federal, state, and local mandates in the wake of trucker convoys and deflating poll numbers for Democrats, there has nevertheless been a quiet effort to institute questionable technology with devastating future consequences.

The obvious and concerning question ought to be: If Covid is going away (and it is, for all intents and purposes), then why are we just now introducing and implementing QR-code technology that can house one’s vaccination status? The article eerily answers that question in a way that should alert everyone’s Spidey senses.

The propaganda from Forbes ran with the headline “A National Vaccine Pass Has Quietly Rolled Out – And Red States Are Getting On Board” . . .

. . .

Although the article is big on positives, not mentioned anywhere are the drawbacks. I’ll just name one: Loss of freedom. Does anyone need more proof that this tool could be weaponized so fast against what is deemed as noncompliance and nonconformists? As everything becomes digitized (always for our convenience, we are told), what would it take to have to scan in to dine out? To get groceries? To go to the bank? To apply for a job? To deposit a mobile check? To enter an emergency room? To file taxes or to qualify for your tax refund?

I have a different idea: No medical records of any kind need to be shown. Ever. Let’s start there.

Full article at 100percentfedup is here.  How many Americans are pushing back?  Most of us can push back – unless we need to be seen at the hospital. Then what?

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What Thanksgiving means To Americans

 

Image credit: en.wikipedia.org

Re-posted from earlier Cleveland Tea Party Thanksgiving blogs:

What Thanksgiving really means To Americans

A couple of years ago, Jerry Bowyer, writing in Forbes Magazine, recounted the real significance of Thanksgiving, a significance that is too often lost among the turkey dinners, football games, and stories about Indians who befriended the early settlers. 

In 1620, the Plymouth pilgrims based their original community on Plato’s Republic, a collective model that appealed to their religious convictions and morality. But the communal model didn’t work for them. After two years of failing harvests and resulting malnutrition, disease, starvation, and deaths, the pilgrims replaced the communal model with a model based on private property. The ensuing harvest was abundant, with surpluses available for trade.

Their Thanksgiving celebrated the triumph of the individual, private property, and incentive, over collectivism. At first, the pilgrims felt guilty because they were putting self-interest over the seeming altruism of socialism. Yet the devout survivors had learned two lessons: 1) that a theoretical and Utopian collective society fails, and (2) in real life, private property and capitalism produce prosperity. For them, God, not Plato, knew best. Accepting the principles of private property and self-interest was God’s way of harnessing self-interest to the greater good. We know all of this because an elder and Governor of the Plymouth plantation, William Bradford, kept a journal and it survives today. Mr. Bowyer’s earlier article, with additional historical background, is here.) 

Here’s Bowyer's “How A Failed Commune Gave Us What is Now Thanksgiving.”

It’s wrong to say that American was founded by capitalists. In fact, America was founded by socialists who had the humility to learn from their initial mistakes and embrace freedom. One of the earliest and arguably most historically significant North American colonies was Plymouth Colony, founded in 1620 in what is now known as Plymouth, Massachusetts. As I’ve outlined in greater detail here before (Lessons From a Capitalist Thanksgiving), the original colony had written into its charter a system of communal property and labor. 

As William Bradford recorded in his Of Plymouth Plantation, a people who had formerly been known for their virtue and hard work became lazy and unproductive. Resources were squandered, vegetables were allowed to rot on the ground and mass starvation was the result. And where there is starvation, there is plague. 

After 2 1/2 years, the leaders of the colony decided to abandon their socialist mandate and create a system which honored private property. The colony survived and thrived and the abundance which resulted was what was celebrated at that iconic Thanksgiving feast.

As my friend Reuven Brenner has taught me, history is a series of experiments: The Human Gamble. Some gambles work and are adopted by history and some do not and should be abandoned by it. The problem is that the human gamble only works if there is a record of experimental outcomes and if decision makers consult that record. For many years, the story of the first failed commune of Plymouth Bay was part of the collective memory of American students. But Progressive Education found that story unhelpful and it has fallen into obscurity, which explains why (as I alluded to before) a well-educated establishment figure like Jared Bernstein would be unaware of it.

I’m often asked why our current leadership class forgets the lessons of the past so often. They are, after all, very smart men and women. Don’t they know that collectivism will fail?

No, they don’t. Not anymore. For much of our history, our leaders were educated in the principles which were to help them avoid errors once they have joined the ruling class. They studied to learn how to not misuse power. Now our leaders learn nothing of the dangers of abusing power: their education is entirely geared to its acquisition.  All of their neurons are trained on that one objective – to get to the top. What they do when they get there is a matter for later. And what happens to the country when they’re done with their experiments is beside the point: after all, their experiments will not really affect them personally. History is the story of the limitations of human power. But the limits of power is a topic for people who doubt themselves and their right to rule, not the self-anointed.

That’s how it is now, and that’s how it was in 1620. The charter of the Plymouth Colony reflected the most up-to-date economic, philosophical and religious thinking of the early 17th century. Plato was in vogue then, and Plato believed in central planning by intellectuals in the context of communal property, centralized state education, state centralized cultural offerings and communal family structure. For Plato, it literally did take a village to raise a child. This collectivist impulse reflected itself in various heretical offshoots of Protestant Christianity with names like The True Levelers, and the Diggers, mass movements of people who believed that property and income distinctions should be eliminated, that the wealthy should have their property expropriated and given to what we now call the 99%. This kind of thinking was rife in the 1600s and is perhaps why the Pilgrim settlers settled for a charter which did not create a private property system.

But the Pilgrims learned and prospered. And what they learned, we have forgotten and we fade.  Now, new waves of ignorant masses flood into parks and public squares. New Platonists demand control of other people’s property. New True Levelers legally occupy the prestige pulpits of our nation, secular and sacred. And now, as then, the productive class of our now gigantic, colony-turned-superpower, learn and teach again, the painful lessons of history. Collectivism violates the iron laws of human nature. It has always failed. It is always failing, and it will always fail. I thank God that it is failing now. Providence is teaching us once again.

Happy Thanksgiving!

What Thanksgiving means To Americans

 

Image credit: en.wikipedia.org

Re-posted from earlier Cleveland Tea Party Thanksgiving blogs:

What Thanksgiving really means To Americans

A couple of years ago, Jerry Bowyer, writing in Forbes Magazine, recounted the real significance of Thanksgiving, a significance that is too often lost among the turkey dinners, football games, and stories about Indians who befriended the early settlers. 

In 1620, the Plymouth pilgrims based their original community on Plato’s Republic, a collective model that appealed to their religious convictions and morality. But the communal model didn’t work for them. After two years of failing harvests and resulting malnutrition, disease, starvation, and deaths, the pilgrims replaced the communal model with a model based on private property. The ensuing harvest was abundant, with surpluses available for trade.

Their Thanksgiving celebrated the triumph of the individual, private property, and incentive, over collectivism. At first, the pilgrims felt guilty because they were putting self-interest over the seeming altruism of socialism. Yet the devout survivors had learned two lessons: 1) that a theoretical and Utopian collective society fails, and (2) in real life, private property and capitalism produce prosperity. For them, God, not Plato, knew best. Accepting the principles of private property and self-interest was God’s way of harnessing self-interest to the greater good. We know all of this because an elder and Governor of the Plymouth plantation, William Bradford, kept a journal and it survives today. Mr. Bowyer’s earlier article, with additional historical background, is here.) 

Here’s Bowyer's “How A Failed Commune Gave Us What is Now Thanksgiving.”

It’s wrong to say that American was founded by capitalists. In fact, America was founded by socialists who had the humility to learn from their initial mistakes and embrace freedom. One of the earliest and arguably most historically significant North American colonies was Plymouth Colony, founded in 1620 in what is now known as Plymouth, Massachusetts. As I’ve outlined in greater detail here before (Lessons From a Capitalist Thanksgiving), the original colony had written into its charter a system of communal property and labor. 

As William Bradford recorded in his Of Plymouth Plantation, a people who had formerly been known for their virtue and hard work became lazy and unproductive. Resources were squandered, vegetables were allowed to rot on the ground and mass starvation was the result. And where there is starvation, there is plague. 

After 2 1/2 years, the leaders of the colony decided to abandon their socialist mandate and create a system which honored private property. The colony survived and thrived and the abundance which resulted was what was celebrated at that iconic Thanksgiving feast.

As my friend Reuven Brenner has taught me, history is a series of experiments: The Human Gamble. Some gambles work and are adopted by history and some do not and should be abandoned by it. The problem is that the human gamble only works if there is a record of experimental outcomes and if decision makers consult that record. For many years, the story of the first failed commune of Plymouth Bay was part of the collective memory of American students. But Progressive Education found that story unhelpful and it has fallen into obscurity, which explains why (as I alluded to before) a well-educated establishment figure like Jared Bernstein would be unaware of it.

I’m often asked why our current leadership class forgets the lessons of the past so often. They are, after all, very smart men and women. Don’t they know that collectivism will fail?

No, they don’t. Not anymore. For much of our history, our leaders were educated in the principles which were to help them avoid errors once they have joined the ruling class. They studied to learn how to not misuse power. Now our leaders learn nothing of the dangers of abusing power: their education is entirely geared to its acquisition.  All of their neurons are trained on that one objective – to get to the top. What they do when they get there is a matter for later. And what happens to the country when they’re done with their experiments is beside the point: after all, their experiments will not really affect them personally. History is the story of the limitations of human power. But the limits of power is a topic for people who doubt themselves and their right to rule, not the self-anointed.

That’s how it is now, and that’s how it was in 1620. The charter of the Plymouth Colony reflected the most up-to-date economic, philosophical and religious thinking of the early 17th century. Plato was in vogue then, and Plato believed in central planning by intellectuals in the context of communal property, centralized state education, state centralized cultural offerings and communal family structure. For Plato, it literally did take a village to raise a child. This collectivist impulse reflected itself in various heretical offshoots of Protestant Christianity with names like The True Levelers, and the Diggers, mass movements of people who believed that property and income distinctions should be eliminated, that the wealthy should have their property expropriated and given to what we now call the 99%. This kind of thinking was rife in the 1600s and is perhaps why the Pilgrim settlers settled for a charter which did not create a private property system.

But the Pilgrims learned and prospered. And what they learned, we have forgotten and we fade.  Now, new waves of ignorant masses flood into parks and public squares. New Platonists demand control of other people’s property. New True Levelers legally occupy the prestige pulpits of our nation, secular and sacred. And now, as then, the productive class of our now gigantic, colony-turned-superpower, learn and teach again, the painful lessons of history. Collectivism violates the iron laws of human nature. It has always failed. It is always failing, and it will always fail. I thank God that it is failing now. Providence is teaching us once again.

Happy Thanksgiving!

# # #

The first Thanksgiving

Image credit: en.wikipedia.org

Re-posted from earlier Cleveland Tea Party Thanksgiving blogs:

What Thanksgiving really means To Americans

A couple of years ago, Jerry Bowyer, writing in Forbes Magazine, recounted the real significance of Thanksgiving, a significance that is too often lost among the turkey dinners, football games, and stories about Indians who befriended the early settlers. 

In 1620, the Plymouth pilgrims based their original community on Plato’s Republic, a collective model that appealed to their religious convictions and morality. But the communal model didn’t work for them. After two years of failing harvests and resulting malnutrition, disease, starvation, and deaths, the pilgrims replaced the communal model with a model based on private property. The ensuing harvest was abundant, with surpluses available for trade.

Their Thanksgiving celebrated the triumph of the individual, private property, and incentive, over collectivism. At first, the pilgrims felt guilty because they were putting self-interest over the seeming altruism of socialism. Yet the devout survivors had learned two lessons: 1) that a theoretical and Utopian collective society fails, and (2) in real life, private property and capitalism produce prosperity. For them, God, not Plato, knew best. Accepting the principles of private property and self-interest was God’s way of harnessing self-interest to the greater good. We know all of this because an elder and Governor of the Plymouth plantation, William Bradford, kept a journal and it survives today. Mr. Bowyer’s earlier article, with additional historical background, is here.) 

Here’s Bowyer's “How A Failed Commune Gave Us What is Now Thanksgiving.”

It’s wrong to say that American was founded by capitalists. In fact, America was founded by socialists who had the humility to learn from their initial mistakes and embrace freedom. One of the earliest and arguably most historically significant North American colonies was Plymouth Colony, founded in 1620 in what is now known as Plymouth, Massachusetts. As I’ve outlined in greater detail here before (Lessons From a Capitalist Thanksgiving), the original colony had written into its charter a system of communal property and labor. 

As William Bradford recorded in his Of Plymouth Plantation, a people who had formerly been known for their virtue and hard work became lazy and unproductive. Resources were squandered, vegetables were allowed to rot on the ground and mass starvation was the result. And where there is starvation, there is plague. 

After 2 1/2 years, the leaders of the colony decided to abandon their socialist mandate and create a system which honored private property. The colony survived and thrived and the abundance which resulted was what was celebrated at that iconic Thanksgiving feast.

As my friend Reuven Brenner has taught me, history is a series of experiments: The Human Gamble. Some gambles work and are adopted by history and some do not and should be abandoned by it. The problem is that the human gamble only works if there is a record of experimental outcomes and if decision makers consult that record. For many years, the story of the first failed commune of Plymouth Bay was part of the collective memory of American students. But Progressive Education found that story unhelpful and it has fallen into obscurity, which explains why (as I alluded to before) a well-educated establishment figure like Jared Bernstein would be unaware of it.

I’m often asked why our current leadership class forgets the lessons of the past so often. They are, after all, very smart men and women. Don’t they know that collectivism will fail?

No, they don’t. Not anymore. For much of our history, our leaders were educated in the principles which were to help them avoid errors once they have joined the ruling class. They studied to learn how to not misuse power. Now our leaders learn nothing of the dangers of abusing power: their education is entirely geared to its acquisition.  All of their neurons are trained on that one objective – to get to the top. What they do when they get there is a matter for later. And what happens to the country when they’re done with their experiments is beside the point: after all, their experiments will not really affect them personally. History is the story of the limitations of human power. But the limits of power is a topic for people who doubt themselves and their right to rule, not the self-anointed.

That’s how it is now, and that’s how it was in 1620. The charter of the Plymouth Colony reflected the most up-to-date economic, philosophical and religious thinking of the early 17th century. Plato was in vogue then, and Plato believed in central planning by intellectuals in the context of communal property, centralized state education, state centralized cultural offerings and communal family structure. For Plato, it literally did take a village to raise a child. This collectivist impulse reflected itself in various heretical offshoots of Protestant Christianity with names like The True Levelers, and the Diggers, mass movements of people who believed that property and income distinctions should be eliminated, that the wealthy should have their property expropriated and given to what we now call the 99%. This kind of thinking was rife in the 1600s and is perhaps why the Pilgrim settlers settled for a charter which did not create a private property system.

But the Pilgrims learned and prospered. And what they learned, we have forgotten and we fade.  Now, new waves of ignorant masses flood into parks and public squares. New Platonists demand control of other people’s property. New True Levelers legally occupy the prestige pulpits of our nation, secular and sacred. And now, as then, the productive class of our now gigantic, colony-turned-superpower, learn and teach again, the painful lessons of history. Collectivism violates the iron laws of human nature. It has always failed. It is always failing, and it will always fail. I thank God that it is failing now. Providence is teaching us once again.

Happy Thanksgiving!

# # #

Medicare For All and socialism

image credit: americanliberalreview.com

There has been any number of articles and analyses concerning the proposed “Medicare For All.” A recent on-line report can be found at Forbes here; Alexandria Ocasio-Cortez “dodges questions” on how to pay for it here (spoiler: she doesn’t know); and the NY Times explains what is good about the policy here (what a surprise!).

Yesterday, Justin Haskins published an accessible analysis at Townhall entitled “Socialists Won’t Rest Until We Have Single-Payer Health Care. We Must Stop Them.” The quote marks are there because that’s the title of the article, but they could be interpreted instead as scare quotes. Excerpts:

The 2018 midterms could someday be remembered as the beginning of the Democratic Party’s full embrace of creating a single-payer health care system in the United States. For the first time in American history, a large number of Democrats, many of whom identify as socialists, openly campaigned for the creation of a government-run health insurance model.

For instance, Democratic Socialists of America member Alexandria Ocasio-Cortez, who won 78 percent of the vote on Election Day, championed Sen. Bernie Sanders’ (I-VT) “Medicare for All” proposal, calling it the “ethical, logical, and affordable path to ensuring no person goes without dignified healthcare.” According to Ocasio-Cortez, “Medicare for All will reduce the existing costs of healthcare (and make Medicare cheaper, too!) by allowing all people in the US to buy into a universal healthcare system.” 

Ocasio-Cortez says she supports a universal system that would include “full vision, dental, and mental healthcare - because we know that true healthcare is about the whole self, not just your yearly physical.”

The cost of enacting such a radical program would be astronomical. Researchers at the Mercatus Center say Sen. Sanders’ plan would cost $32.6 trillion in its first decade, and they note that even if Congress were to double taxes paid by individuals and corporations, it wouldn’t be enough to pay for the program. That should terrify you, especially since the U.S. government’s deficit for the 2018 fiscal year was $782 billion and the national debt now stands at a $21.7 trillion.

But as shocking as the price tag for single-payer health care would be, it pales in comparison to the numerous health care-related problems that would be created by such a model. For starters, the government has an absolutely terrible record of providing health care. One example is the Veterans Health Administration, which is run by the federal government. It routinely suffers from underfunding and long wait times, which has forced the agency to allow veterans to go elsewhere to receive care. As the Military Times notes, “About one-third of all VA medical appointments today are … conducted by physicians outside the department’s system.”

. . .

If the federal government can’t properly run the VA system or Medicaid—or even the Post Office—why does anyone think it could manage one of the largest industries in the United States today?

Much more about the VA, mortality rates, and other scary stats are here.

RELATED: Veterans in the greater Cleveland are scraping the bottom of the barrel. Via Breitbart:

The 10 worst cities for veterans included Ohio metros — Cleveland (#92) and Toledo (#95). California contributed San Bernardino (#94) and Fresno (#97). Also at the bottom of the pack were Philadelphia (#91), Baton Rouge (#93), Baltimore (#96), Memphis (#98), Newark (#99), and Detroit (#100).

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Trump's taxes

From a website on the US tax code:

The tax code is so long and complicated because it includes every tax law designed to promote a specific cause or benefit a certain constituency. Sometimes Congress uses the tax code to promote social welfare, such as a tax break for low-income housing construction. Congress also alters the tax code to stimulate economic growth, perhaps by making it easier to take business deductions. Other changes to the tax code are strictly political rewards for special interest groups that support congressmen during their election campaigns

Some of my liberal friends take a dim view of Donald Trump because he avoided paying his taxes. Shame on him. The easy answer is that Trump never “avoided” paying federal income tax. In 1995, he didn’t OWE any income tax, so he didn’t pay any. That’s not tax avoidance. It’s compliance with complicated tax laws. If Trump had failed to comply with tax law, that failure would show up on an IRS audit and he’d have paid yuuuge penalties or worse. Remember Leona Helmsley? She went to prison for tax evasion.

In our household, we don’t want to pay one penny more in taxes than we have to, and Trump’s tax team surely has the same goal – just with, er, much bigger numbers.

Ryan Ellis has a more detailed look at the Trump Tax Tempest-in-a-Teapot. From the Forbes website:

Trump Tax Return Story Exposes Policy Ignorance Of Political Reporters

Over the weekend, the New York Times reported that they had obtained a copy of Donald Trump’s 1995 New York state tax return (whoever sent it committed a felony). It showed that he claimed a net operating loss (NOL) of about $900 million that year.

What followed was a collective explosion of talking heads over the weekend, with the theatrics inversely proportional to the pundit’s knowledge of tax policy.

To state the obvious, political reporters don’t know a damned thing about taxes. I know this–believe me (to channel my inner Donald). Part of what I do for a living is prepare people’s taxes in the Washington, DC area. As an Enrolled Agent, I run into all sorts of clients. The most political (that is, horse race/hot take) clients compete with performing artists for the least amount of knowledge when it comes to taxes. I’ve even had some of them forget to bring their W-2s to a tax session.

That ignorance was on display in vivid colors over the weekend. We were told that this tricky NOL was some sort of “loophole” that only super-rich bad guys like Donald Trump got to use. We were told that this relieved him of having to pay taxes for 18 years, a laughably arbitrary, made up number that is the tautological output of simple arithmetic and wild assumptions.

. . .

It’s not difficult to see how political reporters got played like a fiddle here. Most of them have never actually run a business, much less learned about the tax rules surrounding them. Most went from college to a series of simple, W-2 jobs (with the occasional freelance gig) in traditional media organs. . . .

Read the rest here.

And why aren’t inquiring media minds investigating donors to the Clinton Foundation?

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