Good Morning Liberty

Hey everyone! We're both gone this week, but I wanted to release the audio version of an article from our website. Yes, the tax cuts were a good thing. An amendment to make them permanent would be even better I've read a few articles lately about how the "Tax Cuts and Jobs Act" of 2017 isn't having the desired effect. First, I'd ague that they have had a great effect on the economy, but let's dissect why they aren't looking as good in action as they did on paper. The Trump tax cuts were a big win for big corporations, as well as a big win for all the small corporations that we seem to ignore. The corporate tax rate was reduced from 35% to 22.5%, equaling a reduction of roughly 33% in the tax rate owed by businesses. Republicans branded this tax cut as a major win for America. It was going to lead to higher wages, more jobs, and the repatriation of funds and operations back to the good ole U.S. of A. Since the enactment of this law, we've seen reports of 3.9% business investment growth, but as we normally see afterwards, a revised number that sits around 3.1%. In addition to that, wages paid by companies seem to have shown little movement in the process. To me, this logic is simple. If you want to actually see the effects that were advertised by Republican's in the passage of this law, the tax cuts have to be made permanent. Imagine you are the owner of a business. You run on roughly an 8% net profit margin yearly (the average for a Fortune 500 company), and now you've seen a 33% reduction in your corporate tax rate. You have a few options: Raise your employees wages, Re-invest money in future innovation, or take the profit and run, among other things. There's an issue with expecting businesses to raise their wages in response to these cuts; they are temporary. How many times have you expected your wage to go down after your company's profit margin decreased? --- Support this podcast: https://anchor.fm/goodmorningliberty/support Learn more about your ad choices. Visit podcastchoices.com/adchoices

Hey everyone! First off, please subscribe to the show by clicking this link. We're both gone this week, but here's an audio version of an article from our website. 2 Reasons Bernie Sanders' Green New Deal is Actually Worse for America than Climate Change Presidential candidate Bernie Sanders released his plan for a $16.3 trillion spending package dubbed the "Green New Deal," blatantly stealing the name of the massive plan laid out earlier in the year by Alexandria Ocasio-Cortez. I spent several hours running through this plan line by line today, and arrived at a pretty simple conclusion: If you care about the environment, if you care about the poor, if you care about innovation, or the economic stability of the country, then you must consider the argument that the government is the worst possible entity to accomplish those goals. How could this be worse than climate change? Climate Change is a prediction of something that could potentially happen. The economic catastrophe created by this plan is a near certainty. Bernie's plan calls for a complete replacement of: The power grid all fossil fuels all automobiles all school buses all shipping vehicles (semis) all gas stations and nearly all roads Just in case you were wondering, the plan calls for all of this to happen in 10 years. https://anchor.fm/goodmorningliberty/support Learn more about your ad choices. Visit podcastchoices.com/adchoices

Hey everyone! We're out of town for the week, but here's the audio version of an article from our website. The Statue of Liberty stands for Opportunity, and a Hand-Up | Not a guaranteed Hand-Out " Give me your tired, your poor, Your huddled masses yearning to breathe free, The wretched refuse of your teeming shore. Send these, the homeless, tempest-tost to me, I lift my lamp beside the golden door " - Emma Lazarus This poem, as wonderful as it is, has taken on a new meaning; applied by those on the left that wish to help those in need, by way of higher taxes, and increased wealth redistribution. The new meaning goes something like this: "Give me your tired, your poor, Your huddled masses yearning to breathe free, The wretched refuse of your teeming shore. Send these, the homeless, tempest-tost to me, I will make sure that they are well taken care of by way of increased taxation on the most productive in our society." An NPR host called the original poem the "American Ethos." Although she was referring to the original poem, her meaning was implied in my sarcastic revision. So what does the Statue of Liberty stand for? The Statue of Liberty was a gift from the people of France (mostly) to commemorate the 100 year anniversary of our independence from Great Britain. I think the most important thing to note in the dedication of the statue was that it celebrated a time that we broke off from a tyrannical Kingdom that was taxing the people to death. "Taxation without representation" was one of the leading rally cries of the American colonies. Another very important thing to remember is that at the time of the statues dedication, there was no income tax in America. There was no welfare system. A simple fact such as this should easily make the case that in no way does the statue mean --- Support this podcast: https://anchor.fm/goodmorningliberty/support Learn more about your ad choices. Visit podcastchoices.com/adchoices

Hey everyone! First off, please subscribe to the show by clicking this link. Today I did a run through of a presentation we are giving at the Young American's for Liberty convention in Detroit later this month. We highly recommend you visit YALiberty.org to see how you can help the cause. My talk is about the psychology behind our political arguments that we all have on a daily basis. We often find ourselves feeling as though we are beating our heads against a brick wall, and that may in fact be what we are doing. We've all got different personalities. Some of us react more to sensitive and emotional arguments, and some of us react to logic-based objective arguments. The fact is, most of the country reacts to the emotional side of an argument. My goal is to think about how we as Libertarians can learn to tailor our topics to fit the mindset of normal people. It can be hard to do, but I believe that in doing this we can find a way to get others to consider our viewpoints. Visit www.goodmorningliberty.us for more great articles on politics, economics, and Libertarian ideology. Visit www.BernieLies.com if you want to read specifically about the many lies told by one of America's greatest manipulators. Get your own "Bernie Lies" T-Shirt on our Etsy store. In Liberty, Charlie & Nate P.S. We can do this. Keep forging on through the disheartening news, and hate-filled rhetoric. We're here to #MakeLibertyWin --- Support this podcast: https://anchor.fm/goodmorningliberty/support Learn more about your ad choices. Visit podcastchoices.com/adchoices

Hey everyone! First off, please subscribe to the show by clicking this link. Today on the podcast I talked about the ongoing trade war with China. As a libertarian/free market podcast, we cannot support tariffs on goods and services from other countries. However, I do believe that there are good reasons behind the actions taken on China. Those actions are when it involves Intellectual Property stolen from American companies. If the government has one job, it's to protect property, and to me that does extend to intellectual property. Let me ask the question. If President Obama said "I hereby order private American companies to..." What would have been your reaction? Mine is the same when it comes from Trump, as if it would have been if it came from Obama. Can you say the same? Visit www.goodmorningliberty.us for more great articles on politics, economics, and Libertarian ideology. Visit www.BernieLies.com if you want to read specifically about the many lies told by one of America's greatest manipulators. Get your own "Bernie Lies" T-Shirt on our Etsy store. In Liberty, Charlie & Nate P.S. We can do this. Keep forging on through the disheartening news, and hate-filled rhetoric. We're here to #MakeLibertyWin --- Support this podcast: https://anchor.fm/goodmorningliberty/support Learn more about your ad choices. Visit podcastchoices.com/adchoices

Hey everyone! First off, please subscribe to the show by clicking this link. Today I talked about my recent mistake of combing through Reddit for posts about the death of David Koch. What I found was truly disturbing. What does it mean as a society that we've got so many people that are willing to relish in the news of a billionaires passing? Are we heading down the same terrible path that lead to the destruction of Russia, and Germany in the early 1900's? Listen to the episode and tell me what you think. I think there's a way out, but it's not going to be easy, for any of us. Visit www.goodmorningliberty.us for more great articles on politics, economics, and Libertarian ideology. Visit www.BernieLies.com if you want to read specifically about the many lies told by one of America's greatest manipulators. Get your own "Bernie Lies" T-Shirt on our Etsy store. In Liberty, Charlie & Nate P.S. We can do this. Keep forging on through the disheartening news, and hate-filled rhetoric. We're here to #MakeLibertyWin --- Support this podcast: https://anchor.fm/goodmorningliberty/support Learn more about your ad choices. Visit podcastchoices.com/adchoices

Hey everyone! First off, please subscribe to the show by clicking this link. Today we interviewed State Representative candidate Vicky Rose. Vicky is running on the Libertarian Party ticket against an intrenched incumbent in District 37 of Mississippi. We originally met Vicky at the Young Americans for Liberty convention in Memphis, TN, and after listening to this interview you'll see why she made a great impression. On the podcast we discuss her proposals for change in everything involving national & state policies on education, your right to bear arms, criminal justice reform, tax policy, as well as many other issues facing the people of her district. Running against an incumbent can be hard, but she's up for the task. Like all political campaigns, this one needs your support in order to get the message out to her constituents. We've included a link to Vicky's website, where she spotlights her policy proposals, and is asking for your donation to get out the vote. Please consider a $5, $10, $20, donation to help with ads for her campaign. www.voteforvicky.com Visit www.goodmorningliberty.us for more great articles on politics, economics, and Libertarian ideology. Visit www.BernieLies.com if you want to read specifically about the many lies told by one of America's greatest manipulators. Get your own "Bernie Lies" T-Shirt on our Etsy store. In Liberty, Charlie & Nate P.S. We can do this. Keep forging on through the disheartening news, and hate-filled rhetoric. We're here to #MakeLibertyWin --- Support this podcast: https://anchor.fm/goodmorningliberty/support Learn more about your ad choices. Visit podcastchoices.com/adchoices

Hey everyone! First off, please subscribe to the show by clicking this link. Today I talked about the Obama's purchasing of a $15 million estate on Martha's Vineyard. I'm all for successful people buying the lavish things that they want, but is it the same when it's someone who spends their time talking negatively about others that do the same? Leonardo Dicaprio has put $5 million into a fund to help combat the wildfires in the Amazon Rainforest. This is a great example of those on the ideological left practicing what they preach. If only all of them did it, we might be living in a completely different society. Speaking of famous actors, why is it that when we hear of an actor like George Clooney making $235 million in 2018, we don't look at it in the same negative light as say the CEO of Walmart? Why is it when Taylor Swift makes a million dollars at a show, we don't compare her hourly wage to those that setup the stage lights or the sound? How did we shift into this weird hypocritical view of money making in our society? Visit www.goodmorningliberty.us for more great articles on politics, economics, and Libertarian ideology. Visit www.BernieLies.com if you want to read specifically about the many lies told by one of America's greatest manipulators. Get your own "Bernie Lies" T-Shirt on our Etsy store. In Liberty, Charlie & Nate P.S. We can do this. Keep forging on through the disheartening news, and hate-filled rhetoric. We're here to #MakeLibertyWin --- Support this podcast: https://anchor.fm/goodmorningliberty/support Learn more about your ad choices. Visit podcastchoices.com/adchoices

Hey everyone! First off, please subscribe to the show by clicking this link. Today on the show we talked about a murder trial from the '90's down in Texas that end with an execution last week. Needless to say, the prosecution brought questionable evidence, and the convicted murderer spoke of his innocence until his final words. If the government is inefficient, corrupt, and all to powerful, should we still allow the death penalty? We try to answer this difficult question on the first half of the podcast. Bernie Sanders' "Green New Deal" Presidential candidate Bernie Sanders released his plan for a $16.3 trillion spending package dubbed the "Green New Deal," blatantly stealing the name of the massive plan laid out earlier in the year by Alexandria Ocasio-Cortez. I spent several hours running through this plan line by line today, and arrived at a pretty simple conclusion: If you care about the environment, if you care about the poor, if you care about innovation, or the economic stability of the country, then you must consider the argument that the government is the worst possible entity to accomplish those goals. Bernie's plan calls for a complete replacement of: The power grid all automobiles all school buses all shipping vehicles (semis) all gas stations and nearly all roads It also promises to create 20 million new "high-paying" jobs, and eliminate unemployment. In the elimination of unemployment, it suggests that the need for a welfare state will dissipate, since everyone will have a high paying job. Of course, that's a high-paying job paid for with tax dollars, something that will first have to be stolen from the economy. Let me be clear. It is probably a bad thing to remove carbon from the ground, and place it into the air. Im not refuting that suggestion, but I will question the idea that we are nearing a "climate catastrophe." I'll also question the idea that this is purely man-made (can we call sexism on that term?), and that anything the United States does can have any effect on the situation. This plan seizes control of the entire energy sector, and promises to remove "greed" from the equation by leaving all power to be supplied by publicly owned companies. If Bernie has a room full of angels waiting to take the reins, I suggest he disperse them elsewhere immediately. This comes down to one question: Who is more effective at innovation, and efficiency- private entities, or the government? I could use the example of NASA vs. SpaceX. Through 60 years of innovation, NASA was able to get the cost of sending a satellite to space down to $600 million. To ad to that fact, they were producing new rockets with each launch. In 10 years, Elon Musk and SpaceX were able to reduce the cost of sending things into space down to $60 million. A tenth of the price if you don't have your calculator handy. In addition to that, they developed a way to fly the rockets back to the launch pad to save money. That wasn't enough.. They then produced a drone ship that would become a mobile landing pad for the rockets, since due to the arch of the launch and the rotation of the earth the rocket would be re-entering over water, and boat fuel is cheaper than rocket fuel. Think what you may about profit, but the motive for profit saves us money. Take into consideration the fact that in the Russians heyday, an automobile cost 3x as much to produce in the Soviet Union, even though profit was illegal. Remember, Henry Ford didn't invent the automobile. He simply found a way to mass produce it in a way t --- Support this podcast: https://anchor.fm/goodmorningliberty/support Learn more about your ad choices. Visit podcastchoices.com/adchoices

Hey everyone! First off, please subscribe to the show by clicking this link. I've read a few articles lately about how the "Tax Cuts and Jobs Act" of 2017 isn't having the desired effect. First, I'd ague that they have had a great effect on the economy, but let's dissect why they aren't looking as good in action as they did on paper. The Trump tax cuts were a big win for big corporations, as well as a big win for all the small corporations that we seem to ignore. The corporate tax rate was reduced from 35% to 22.5%, equaling a reduction of roughly 33% in the tax rate owed by businesses. Republicans branded this tax cut as a major win for America. It was going to lead to higher wages, more jobs, and the repatriation of funds and operations back to the good ole U.S. of A. Since the enactment of this law, we've seen reports of 3.5% GDP growth, but as we normally see afterwards, a revised number that sits around 2.8%. In addition to that, wages paid by companies seem to have shown little movement in the process. To me, this logic is simple. If you want to actually see the effects that were advertised by Republican's in the passage of this law, the tax cuts have to be made permanent. Imagine you are the owner of a business. You run on roughly an 8% net profit margin yearly (the average for a Fortune 500 company), and now you've seen a 33% reduction in your corporate tax rate. You have a few options: Raise your employees wages, Re-invest money in future innovation, or take the profit and run, among other things. There's an issue with expecting businesses to raise their wages in response to these cuts; they are temporary. How many times have you expected your wage to go down after your company's profit margin decreased? Probably never. How many times have you expected your pay to go up if the profit margins increased? Probably always. What the big corporations did was a mixture of those previous three options from above. Many corporations did raise wages in response to the tax cuts. Walmart comes to mind, who raised their minimum wage to $11 an hour for all employees. The bulk of the increased compensation came from bonuses paid to employees. Why would a business opt for a bonus, instead of a raise in their employee's wages? Simple. Yes they have the money for the increased wages now, but they know the tax cuts aren't going to last, and we all know that employees aren't going to be okay with a reduction in their wages when future President Kamala Harris raises the corporate tax rate to 70%. Therefore, they give out a bonus, en lieu of a pay raise. In addition to the missed increase in wages, we've also seen less "repatriation" and less increases in business investment. Why wouldn't the corporations opt for more repatriation and more investment? Once again, the answer is simple. Contrary to popular opinion, people who run businesses are pretty smart. They hear the rhetoric spewed by Alexandria Ocasio-Cortez, Bernie Sanders, Elizabeth Warren, Etc. It takes years to open a new facility, repatriate money, move plants, or any of the things people are waiting for them to do. If your time horizon is more than five years, would you trust that the business climate will be the same in five years as it is right now? No If you want these corporations to actually make investments in the U.S., to actually raise wages, or actually move their offshore accounts back to Bank of America, then you need to make the tax cuts permanent. Bottom Line. Visit www.goodmorningliberty.us for more great articles on politics, economics, and Libert --- Support this podcast: https://anchor.fm/goodmorningliberty/support Learn more about your ad choices. Visit podcastchoices.com/adchoices