This was lifted from Moore Watch. It appears that Willamette Week is reporting that some socialists in Portland are trying to make PGE a public company. I think we all know the appropriate feeling to have about state-run utilities. Staying out of the affirmative action debacle is probably a good idea politically for the President, but I’m not sure it bodes well for making any sort of progress over the next few years. I’m hoping that SCOUS does the right thing on this one. And, lastly, it’s good to finally see some tax-cuts. Any punky undergraduate with a penchant for macroeconomics can tell you what good idea cutting taxes on people who actually pay taxes is. Fred Barnes covers it nicely over at The Weekly Standard. The yahoos (read James Carville et. al.) claiming that this is some sort of “rich only” benefit must not realize that the top 50% of tax payers, meaning half of all people who pay taxes, pay 96.1% of the total tax revenue. That leaves only 3.9% of the taxes for the bottom half of the brackets. That bottom half isn’t going to get much out of this tax break, but they don’t pay taxes to begin with. As the man says, you can’t get something for nothing in a pareto efficient economy.
