About Me

In writing the "About Me" portion of this blog I thought about the purpose of the blog - namely, preventing the growth of Socialism & stopping the Death Of Democracy in the American Republic & returning her to the "liberty to abundance" stage of our history. One word descriptions of people's philosophies or purposes are quite often inadequate. I feel that I am "liberal" meaning that I am broad minded, independent, generous, hospitable, & magnanimous. Under these terms "liberal" is a perfectly good word that has been corrupted over the years to mean the person is a left-winger or as Mark Levin more accurately wrote in his book "Liberty & Tyranny" a "statist" - someone looking for government or state control of society. I am certainly not that & have dedicated the blog to fighting this. I believe that I find what I am when I consider whether or not I am a "conservative" & specifically when I ask what is it that I am trying to conserve? It is the libertarian principles that America was founded upon & originally followed. That is the Return To Excellence that this blog is named for & is all about.

Thursday, October 25, 2012

Supply-Side Economics Lesson For Mitt Romney

The Wall Street Journal published my letter below today, along with three others, that responded to their recent lead editorial entitled Romney's Tax Deduction Cap.
My letter focused on the principles of supply-side economics that are not followed by Mitt's so-called economic growth plan or the many TV hosts like Larry Kudlow & Sean Hannity who shamelessly endorse Mitt & his policies no matter what they are.  I am sure Larry knows better re the economics.
The other three published letters focused on the AMT & why there will not be deficit reduction with Mitt's economic plan, Mitt's plan doing nothing to simplify the tax code, & the negative impact on taxpayers that will result over time by having any tax deduction cap be based on a fixed amount as Mitt has presented rather than as a percentage of income.
Dear Editor,
Gov. Romney's plan to reduce rates across the board by 20% and eliminate deductions mostly for high-income people will result in an equal or most likely higher effective tax rate on the highest income earners than at present, resulting in no real incentive for growth.

The Romney campaign is hamstrung by its contradictory three-legged-stool position that makes up its own class warfare struggle: "I will not reduce the share of taxes paid by high-income earners," "I won't put in place a tax cut that adds to the deficit" and "I will lower taxes on middle-income families."

The missing point from supply-side economic principles in the Romney plan is that the reduction of the size of government and its claims on earned income is what fuels economic growth when coupled with lower marginal tax rates for the highest income earners and sound-money policies. There is no economic growth if Gov. Romney cuts the top marginal income-tax rate and the deductions for high-income earners leaving the effective tax rate the same or higher for these people who are the job creators.


  1. I have to hand it to you - you do your research and homework. We trust your message gets to people with power to do something constructive.

  2. Kudlow is not the sharpest tack in the drawer. I am amazed how many people regard him so highly on economic and business matters.