Skip to comments.An IQ Test for Criminals and Liberals
Posted on 11/10/2012 7:35:33 AM PST by Kaslin
A lot of people say Obama is anti-business, but theres one part of the American economy that is delighted that he got reelected.
No, Im not talking about bankruptcy lawyers or corrupt lobbyists, though those would be good guesses.
The real winners from Obamas re-election are Americas gun manufacturers and gun sellers.
Not that Ive looked at any data. Im just basing this on the comments Ive heard over the past few years and the up-tick in such comments in the past 36 hours.
But Im quite confident that the overall firearms industry has profited from Obamas tenure.
Anyway, the great economist Frederic Bastiat teaches us to look at both direct and indirect effects (or, as he put it, the seen and unseen), so I want to highlight a disadvantaged group that will suffer as a result of the Obama-induced increase in gun sales.
Yes, Im talking about criminals.
To understand the point Im trying to make, were going to do a thought experiment.
Start by closing your eyes and thinking about someone you know who has worked hard, saved some money, bought a nice house, and filled that house with nice things for the family to enjoy.
Now tell yourself, I want those things as well.
But you also think, Damned if Im going to wake up early every day like that chump and bust my rear end to earn a good life.
Instead, you decide its okay to take things that dont belong to you, even if it involves some coercion.
So whats your next step?
No, this isnt a thought experiment about voting for Obama. Besides, the election is over.
Close your eyes again and think about how you would obtain things that dont belong to you and without using the government as the middleman.
What would you do? Well, you might beg the person to give you things.
But that might be a bit awkward or demeaning, and the person might say no.
That leaves burglary as your only option. Sort of a private sector version of income redistribution.
Now we get to the key point in our thought experiment.
You sneak up to the house with the nice things and you suddenly see a sign.
Heres a quiz. What do you do after seeing this sign?
a. break into the house because you once heard a politician or journalist assert that gun ownership doesnt deter crime?
b. decide after a bit of reflection about potential costs and benefits that it might be more prudent to find another house to rob?
If you need some help with the answer, think about the meaning of this cartoon.
If youre still having trouble grasping the concept, this Chuck Asay cartoon might be worth a look. Or this post has some signs that may help your understanding.
I was surprised when the people of Oregon voted for a tax increase back in early 2010.
Yes, I realize that the politicians and interest groups structured the measure so that the majority of voters would be unaffected. It was basically a class-warfare proposal, with a small fraction of the population being targeted to generate (at least in theory) a bunch of revenue that could be used to maintain a bloated and over-compensated state bureaucracy.
But I was nonetheless surprised because I figured voters would realize that upper-income taxpayers arent fatted calves idly awaiting slaughter. They can easily move to other states (particularly nearby zero-income tax states such as Washington and Nevada).
In other words, I thought Oregon voters understood that you shouldnt drive away the geese that lay the golden eggs. A state isnt like the old Soviet Empire, with an Iron Curtain of watchtowers and guard dogs to keep a population under control.
I was wrong about Oregon, so I shouldnt be too surprised that California voters basically just made the same mistake.
Yesterday, the looters and moochers of the Golden State voted for Prop 30, a measure to significantly boost both the state sales tax and also hike income tax rates on investors, entrepreneurs, and small business owners.
Im generally reluctant to make predictions, but I feel safe in stating that this measure is going to accelerate Californias economic decline. Some successful taxpayers are going to tunnel under the proverbial Berlin Wall and escape to states with better (or less worse) fiscal policy. And that will mean fewer jobs and lower wages than otherwise would be the case.
It goes without saying, of course, that Californias politicians will respond to Prop 30 by increasing the burden of government spending. They then will act surprised when revenues fall short of projections because of the Laffer Curve.
The bottom line is that the state will remain in the fiscal ditch and I expect a Greek-style fiscal crisis. When that happens, Ill be tempted to point and laugh and make snarky comments such as you broke it, you bought it. But my long-run worry is that Obama may push for a federal bailout.
Lets now take a look at the other ballot measures I wrote about on Monday.
I said the two most important measures were Prop 30 in California and Prop 2 in Michigan. Well, we know things went the wrong way in the Golden State on Prop 30, but it seems the voters in the Wolverine State are a bit more rational.
Prop 2, which would have permanently rigged the rules even further in favor of government workers, was soundly defeated by a 58-42 margin. Taxpayers presumably recognized that it wouldnt be a good idea to dig the hole even deeper.
Heres a quick breakdown of the other ballot measures. A majority of them went the right way. Ive underlined good votes.
Prop 38 and Prop 39 Two additional tax hike measures, the first targeting individual taxpayers and the second targeting businesses. Rejected 73-27 and approved 60-40.
Prop 204 in Arizona Renewing a one-cent increase in the state sales tax, ostensibly for the education bureaucracy. Rejected 65-35.
Issue 1 in Arkansas Imposing a half-cent increase in the state sales tax, supposedly for highway spending. Approved 58-42.
Prop 5 in Michigan Would require a two-thirds vote of both the state house and state senate to raise any tax. Rejected 69-31.
Prop B in Missouri Raise the cigarette tax by 73 cents per pack. Rejected 51-49.
Constitutional Amendment Concurrent Resolution 13 in New Hampshire A constitutional amendment to prohibit enactment of an income tax. Received 57 percent of the vote, but needed a super-majority for approval.
Measure 84 in Oregon Would repeal the states death tax. Rejected 53-47.
Initiated Measure 15 in South Dakota Increases the state sales tax from 4 percent to 5 percent. Rejected 57-43.
Initiative 1185 in Washington Reaffirms the states two-thirds supermajority requirement before the state legislature can increase taxes. Approved 65-35.
Prop 114 in Arizona Protects crime victims from being sued if they injure or kill criminals. Approved 80-20.
Amendment 2 in Louisiana Strengthens right to keep and bear arms. Approved 73-27.
Amendment 64 in Colorado, Measure 80 in Oregon, and Initiative 502 in Washington All of these ballot measures end marijuana prohibition to varying degrees. Approved 55-45 in Colorado. Rejected 55-45 in Oregon. Approved in Washington.
Prop 1 in Idaho This measure would overturn recent legislative reforms to end tenure in government schools. Rejected 57-43.
Prop 3 in Michigan Require 25 percent of electricity to come from renewables. Rejected 63-37.
Question 1 in Virginia Limits eminent domain to public purposes. Approved 75-25.
Amendment 6 in Alabama, Amendment 1 in Florida, Prop E in Missouri, Legislative Referendum 122 in Montana, and Amendment A in Wyoming These are all anti-Obamacare initiatives in some form or fashion. Approved 60-40 in Alabama. Rejected 51-49 in Florida. Approved 62-38 in Missouri. Approved 67-33 in Montana. Approved 77-23 in Wyoming.
Is there a single lesson or theme we can discern from all these results? Other than the fact that people in California and Oregon are downright crazy?
Beats me. I think most Americans still believe in the classical liberal vision of a small federal government. But I also think the entitlement culture is becoming a greater and greater problem.
P.S. Speaking of the Iron Curtain, Walter Williams imagines California with a barbed wire fence to stop tax escapees.
I went into a fairly large gun shop friday to buy another AR-15 and some ammo. The sales guy was worn out. He said they were having the best week of sales ever. All of thier 5.56 was gone and the walls were half emty of guns.
Need to step up your game. .30/06, .308Win(7.62x51), 7.62x54R, and .30 Army (.30-40 Krag)
Also nice to have a few muzzleloaders in the event that you have desire to do some recreational hunting without expending any brass.
Got some of each.