A new Democratic proposal to increase the capital gains tax could cost 745,000 jobs, a study published by the Regional Economic Models Inc. (REMI) projects.
The Sensible Taxation and Equity Promotion (STEP) Act, which would tax unrealized capital gains when heirs inherit assets, among other things, would have a “significantly negative impact” on the economy, including average job losses of 745,000 over 10 years, the report found.
The analysis, conducted for the Committee to Unleash Prosperity, found that sustained annual job losses from eliminating a tax benefit on appreciated assets known as the step-up in basis could eliminate between 537,000 to 949,000 jobs, with models predicting a base of 745,000 lost jobs through 2030.
The University of North Carolina’s decision on June 30 to offer tenure to Nikole Hannah-Jones came about through a torrent of threats (often tweeted), profanities, doxxings, and assaults—tactics that have become increasingly commonplace among professional activists and racial grievance-mongers.
Hannah-Jones, of course, is the Pulitzer Prize-winning opinion writer and architect of the New York Times’ notorious “1619 Project,” which claims that America’s true founding was not in 1776 but rather in 1619, when 20 or so African slaves arrived in Virginia. Hannah-Jones contends, moreover, that the American War of Independence was fought solely to preserve slavery.
More than two-dozen credible historians, many of them political liberals and leftists, have debunked Hannah-Jones’ claims. Though, as we’ll see, some are less firm in their convictions than others. What’s clear, however, is that peer review is passé in the era of “diversity, equity, and inclusion.” Forget a stellar record of scholarly accomplishment—that’s a relic of “Eurocentrism.” Far more important these days is a candidate’s enthusiasm for social justice. It was Hannah-Jones’ celebrity activism and her “journalism,” not her scholarship, that formed the basis for the university’s initial offer of tenure earlier in the spring.
An influential COVID policy skeptic is threatening to sue Facebook for suspending his account based on a graphic he posted Tuesday, titled “Masking Children is Impractical and Not Backed by Research or Real World Data.”
Justin Hart was identified in a recent MIT paper as one of a handful of “anchors” for the anti-mask network on Twitter. He’s also chief data analyst for the COVID contrarian website Rational Ground.
A warning letter to Facebook from Hart’s lawyers at the Liberty Justice Center said the graphic was “science-based and contains footnotes to scientific evidence supporting its claims.” Facebook issued him a three-day suspension the next day, citing the post as misinformation. The page remains live but the post is no longer there.
One of the most important principles of epidemiology is weighing benefits and harms. A failure to do this can make virtually any medical treatment seem helpful or destructive. In the words of Ronald C. Kessler of the Harvard Medical School and healthcare economist Paul E. Greenberg, “medical interventions are appropriate only if their expected benefits clearly exceed the sum of their direct costs and their expected risks.”
Likewise, a 2020 paper about quarantines published in The Lancet states: “Separation from loved ones, the loss of freedom, uncertainty over disease status, and boredom can, on occasion, create dramatic effects. Suicide has been reported, substantial anger generated, and lawsuits brought following the imposition of quarantine in previous outbreaks. The potential benefits of mandatory mass quarantine need to be weighed carefully against the possible psychological costs.”
by Edward Ring In his final speech from the White House in January 1961, President Dwight D. Eisenhower warned the nation that the military had joined with the arms industry and had acquired unwarranted influence over American politics. His term for this alliance was the “military industrial complex.” Since that time,…