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Swan & Treene, Axios

The post Caitlyn Jenner explores run for California governor appeared first on Liberty Unyielding.

Emily Goodin, Daily Mail

The post Kamala Harris gets ‘Resolute’ desk built with materials from USS Constitution, Arizona appeared first on Liberty Unyielding.

Biden’s decision to end the border emergency and halt funding to the wall ‘leaves room to make decisions’ about finishing ‘gaps in the wall.'

The post Biden admin considers building more border wall where ‘gaps’ exist: report appeared first on Liberty Unyielding.

Government being weaponized for partisan purposes?

The post Really unequal justice: What’s behind foreign-donation offenders getting wildly different sentences? appeared first on Liberty Unyielding.

Adam Kredo, WFB

The post Iran claims victory at outset of indirect nuke talks with U.S. in Vienna appeared first on Liberty Unyielding.

Fox News

The post Michigan, home of the Whitmer lockdowns, leads U.S. in new COVID cases appeared first on Liberty Unyielding.

Rob Crilly, Wash. Examiner

The post Hunter Biden credits psychedelic toad venom with maintaining sobriety appeared first on Liberty Unyielding.

Nick Arama., RedState

The post Texas: Abbott joins DeSantis in executive order against vaccine passports appeared first on Liberty Unyielding.

UAE The National News

The post BREAKING: Iranian special ops ‘mother ship’ attacked in Red Sea appeared first on Liberty Unyielding.

Most people arrested for murder in 2018 were black. According to the FBI's Uniform Crime Reports, blacks comprised 53.3% of all people arrested for murder and non-negligent manslaughter, even though blacks are only 13% of the U.S. population. This higher arrest rate is not due to police bias, but rather due to the higher rate of murders committed by blacks.

The post Wokeness begins to invade libertarian think tanks appeared first on Liberty Unyielding.

The leniency afforded to at least the older of these two girls sends a message to the wider public about the real value of human life, and to whether we care nearly as much about the crime committed as we do about the complex political implications of who did what to whom.

The post Teen girls who carjacked Uber Eats driver leaving him dead on sidewalk reach plea deal appeared first on Liberty Unyielding.

The state of New York is an economic disaster area.

• New York is ranked #50 in the Economic Freedom of North America.
• New York is ranked #48 in the State Business Tax Climate Index.
• New York is ranked #50 in the Freedom in the 50 States.
• New York is next-to-last in measures of inbound migration.
• New York is ranked #50 in the State Soft Tyranny Index.

The good news is that New York’s politicians seem to be aware of these rankings and are taking steps to change policy.

The bad news is that they want they apparently want to be in last place in every index, so they’re looking at a giant tax increase.

The Wall Street Journal opined on the potential tax increase yesterday.

…lawmakers in Albany should be shouting welcome home. Instead they’re eyeing big new tax increases that would give the state’s temporary refugees to Florida—or wherever—one more reason to stay away for good. …Here are some of the proposals… Impose graduated rates on millionaires, up to 11.85%. …Since New York City has its own income tax, running to 3.88%, the combined rate would be…a bigger bite than even California’s notorious 13.3% top tax, and don’t forget Uncle Sam’s 37% share. …The squeeze is worse when you add the new taxes President Biden wants. A second factor: In 2017 the federal deduction for state and local taxes was capped at $10,000, so New Yorkers will now really feel the pinch. As E.J. McMahon of the Empire Center for Public Policy writes: “The financial incentive for high earners to move themselves and their businesses from New York to states with low or no income taxes has never—ever—been higher than it already is.”

The potential deal also would increase the state’s capital gains tax and the state’s death tax, adding two more reasons for entrepreneurs and investors to escape.

Here are some more details from a story in the New York Times by Luis Ferré-Sadurní and Jesse McKinley.

Gov. Andrew M. Cuomo and New York State legislative leaders were nearing a budget agreement on Monday that would make New York City’s millionaires pay the highest personal income taxes in the nation… Under the proposed new tax rate, the city’s top earners could pay between 13.5 percent to 14.8 percent in state and city taxes, when combined with New York City’s top income tax rate of 3.88 percent — more than the top marginal income tax rate of 13.3 percent in California… Raising taxes on the rich in New York has been a top policy priority of the Democratic Party’s left flank… The business community has warned that raising income taxes could prompt millionaires who have left the state during the pandemic and are working remotely to make their move permanent, damaging the state’s tax base. Currently, the top 2 percent of the state’s highest earners pay about half of the state’s income taxes. …The corporate franchise tax rate would also increase to 7.25 percent from 6.5 percent.

There are two things to keep in mind about this looming tax increase.

• First, New York politicians are ramming it through even though the state is getting all sorts of money from Washington thanks to Biden’s blue-state bailout (a big part of the so-called American Rescue Plan).
• Second, New York politicians are pushing through a huge tax hike even though the federal tax code no longer allows taxpayers to fully deduct state and local taxes (though they obviously hope to repeal that provision of the 2017 tax reform).

That second item is a big reason why so many taxpayers already have escaped New York and moved to states with better tax policy (most notably, Florida).

And even more will move if tax rates are increased, as expected.

Indeed, if the left’s dream agenda is adopted, I wouldn’t be surprised if every successful person left New York. In a column for the Wall Street Journal, Mark Kingdon warns about other tax hikes being considered, especially a wealth tax.

Legislators in Albany are considering two tax bills that could seriously damage the economic well-being and quality of life in New York for many years to come: a wealth tax and a stock transfer tax. …Should New York enact a 2% wealth tax, a wealthy New Yorker could wind up paying a 77% tax on short-term stock market profits. And that’s a conservative estimate: It assumes that stocks return 9% a year. If the return is 4.4% or less, the tax would be more than 100%. …65,000 families pay half of the city’s income taxes, and they won’t stay if the taxes become unreasonable… The trickle of wealthy émigrés out of New York has become a steady stream… It will be a flood if New York enacts a wealth tax with an associated tax on unrealized gains, which would lower, not raise, tax revenues, as those who leave take with them jobs and related services, such as legal and accounting. …The geese who have laid golden eggs for years see what is happening in Albany, and they’ll fly south to avoid being carved up.

The good news – at least relatively speaking – is that a wealth tax is highly unlikely.

But that a rather small silver lining on a very big dark cloud. The tax increases that will happen are more than enough to make the state even more hostile to private sector growth.

I’ll close with a few observations.

There are a few states that can get away with higher-than-average taxes because of special considerations. California, for instance, has climate and scenery. In the case of New York, it can get away with some bad policy because some people think of New York City as a one-of-a-kind place. But there’s a limit to how much those factors can be exploited, as both California and New York are now learning.

What politicians don’t realize (or don’t care about) is that people look at a range of factors when deciding where to live. This is especially true for successful entrepreneurs, investors, and business owners, who have both resources and knowledge to assess the costs and benefits of different locations. The problem for New York is that it looks bad on almost all policy metrics.

If the tax increases is enacted, expect to see a significant drop in taxable income as upper-income taxpayers either leave the state or figure out other ways of protecting their income. I don’t know if the state will be on the downward-sloping portion of the Laffer Curve, but it’s safe to assume that revenues over time will fall far short of projections. And it’s very safe to assume that the economic damage will easily offset any revenues that are collected.

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Image credit: Zack Seward | CC BY-ND 2.0.

Tyler Durden, ZeroHedge

The post Fauci can’t explain why Texas COVID cases keep dropping despite state reopening appeared first on Liberty Unyielding.

Christian Spencer, The Hill

The post Gun ownership among Black Americans is soaring appeared first on Liberty Unyielding.

Who was he waving to? Maybe the same crowd he waved to at the White House on Easter.

The post What is the sound of no hands clapping? appeared first on Liberty Unyielding.

Bret Stephens, NYT

The post Biden should finish the wall … or the next Trump will appeared first on Liberty Unyielding.

Mark Moore, NY Post

The post Hunter Biden has ‘no recollection’ of meeting stripper with whom he had a child appeared first on Liberty Unyielding.

Richard Rubin, WSJ

The post Biden used tax loophole to avoid paying $500,000 in income taxes appeared first on Liberty Unyielding.

Deep thoughts

The post Cartoon of the Day: Queens of Mean appeared first on Liberty Unyielding.

What is the sound of one person road-raging?

The post ‘Road rage incident’ leaves innocent woman dead, her 6 children motherless appeared first on Liberty Unyielding.