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Suddenly that segment of the country that depends on the mainstream media for its news has made a horrific discovery: They've been lied to again. Biden really is...that bad. Now that same elite media is desperately struggling to put the toothpaste back in the tube. What's next for the presidential campaign? Also today, our four takeaways from the debate.
Are you going to watch the debate tonight? It's billed as the battle of the ages, but with all the rules and biases built in, how much actual drama can we expect? Will anyone change their minds? Also today: How did the Left and Right both get the Supremes so wrong on Murthy v. Missouri?
A new article in Politico reports that senior Biden Administration officials have warned Lebanon that if Hezbollah retaliates to any Israeli attack in Lebanon, the US will become involved. Thus the Biden Administration commits the US to a possible major war in the Middle East while Congress blissfully sleeps. Also today: House GOP moves to negate legitimacy of Jan. 6 Committee and thus spare Steve Bannon from jail.
There is a new antiwar coalition building outside the uniparty doupoly, with rebels in the US House on "Left" and "Right" joining together to oppose US hyper-interventionism and lurching toward World War III. Former US Congressman, current candidate, and lifetime peace activist (and RPI Board Member) Dennis Kucinich joins today's Liberty Report to discuss.
US-supplied cluster bombs were used on beachgoers in Crimea yesterday, killing at least six and injuring more than 100. Moscow has warned that "such actions will not go unanswered." Is this a NATO attempt to provoke a Russian reaction to justify further involvement? Next moves?
By Ron Paul
Donald Trump recently promised that, if he wins the November election, he will support eliminating taxes on tips as part of his proposal to renew and expand the 2017 tax cuts. This tax law change would be a long overdue boost for millions of Americans. Tips often comprise a substantial portion of the earnings of waiters and waitresses, as well as of other service-sector employees. However, unlike regular wages, a service-sector employee usually has no guarantee of, or legal right to, a tip. Instead, the amount of a tip usually depends on how well an employee satisfies his customers. Since the amount of taxes one pays increases along with the size of tips, taxing tips punishes workers for doing a superior job! Many service-sector employees are young people trying to make money to pay for their education, or single parents struggling to provide for their children. Making tips tax free gives these hard-working Americans an immediate pay raise. A person may use this pay raise to devote more resources to his children’s or his own education, to save for a home or retirement, or to start a business. Eliminating taxes on tips will provide some (limited) relief from the Federal Reserve’s inflation tax. This tax results from the decline in the dollar’s purchasing power caused by the Federal Reserve’s monetization of federal debt. The inflation tax is the worst form of tax because it is hidden. Thus, most people will not blame the Fed for higher prices. The inflation tax is also regressive, as price inflation is more of a burden to those at the lower end of the income scale than to billionaires. The Fed-created price inflation has forced many Americans to work two jobs. This is not to suggest that reducing taxes on tips will fully compensate working people for the income they lose to the inflation tax. The best way Congress can help relieve the people of the inflation tax is to cut federal spending that leads to the Federal Reserve monetizing debt. Congress should also pass a law forbidding the Fed from monetizing debt by purchasing federal debt instruments. It is also long past time to stop talking about tax cuts “costing” the government money. Talking about tax cuts in terms of how much money they cost the government, as opposed to how much money they leave in the hands of the people, accepts the premise that the government has a greater moral claim to the money than those who actually earned it. In truth, saying cutting taxes cost the government money makes as much sense as saying stopping a mugger from taking everything in your wallet “cost” the mugger money. Instead of worrying about how much tax cuts cost the government, the politicians should worry about how much welfare and warfare spending cost taxpayers. The idea that tax cuts should only be supported if they promote “efficiency” should also be rejected. All tax cuts promote efficiency because, as economist and Ludwig von Mises Institute President Thomas DiLorenzo put it, “private individuals always spend their own money more efficiently than government bureaucrats do.” Instead of worrying about whether the government can “afford” tax cuts or whether tax cuts promote economic efficiency, those concerned about the government deficit should focus their efforts on reducing government spending. If the government stopped trying to run our lives and run the world, there would be no need to punish hard-working Americans by taxing their tips.
Fortunately, for the sake of our remaining freedom, the idea and implementation of “vaccine passports” failed miserably. The desires of our corporatist and special-interest run government was laid bare for all of us to see. We American citizens should never rest on our laurels though. The “war on cash” is another angle for achieving the same goals. Like “vaccine passports,” a totally digital and government-controlled cashless “system,” will also end up going down in flames.
As the Israeli operation in Gaza continues to miss achieving its goals of eliminating Hamas, in-fighting inside the government is heating up. Recently an IDF spokesman said it was "unachievable" to defeat Hamas, as the IDF rushed to "clarify" his statement. Meanwhile Netanyahu BLASTED the US in a new video complaining that weapons were being withheld. Also today: US envoy assures Lebanon that US will back Israel in any war on its territory.
Ireland's Ryanair CEO has blasted as "fake" the refugees pouring into Ireland on his airline. They're coming from the UK and France - they are not economic refugees. Do we have a similar scam going in the US? Also today: Germany moves to ban the second most popular political party...for "democracy." Finally, Maryland's Governor seeks to pardon past marijuana offenders.
Kansas Attorney General Kris Kobach has filed a lawsuit against the Big Pharma heavyweight Pfizer over alleged false claims by the company over the safety and effectiveness of its mRNA Covid-19 shot. Are the floodgates about to open? Also today: the US Surgeon General wants to put cigarette-like warning labels on social media...for the children!
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