Interesting Charts For Provocative Thoughts
We have been told that we have had the hottest summer on record and the forests over the summer were all burning up. That is what the media tells us. There seems to be just a slight conflict with the facts.
Technology continues to pull the stock market up, even as other shares dither. We are now priced in relative terms ( tech stocks to the general market), similar to the Dot-Com bubble peak of 1999-2000. What could go wrong with this? Either tech stocks will have to weaken, or the general market will have to surge. How likely is the latter?
This chart from the Manhattan Institute shows that revenue flowing to the Federal Government has been amazingly steady, even over the years of major tax rate changes and economic cycles. It seems that it is hard to extract more than about 18-20% of GDP, without causing money to seek avoidance. Given this fairly steady flow of revenue, that goes up automatically as GDP increases, it is clear that the problem of deficits is one of SPENDING simply outrunning the rate of economic growth. We don’t need and have never needed higher taxes. It is only by addressing spending that deficits will ever be reduced.
Aid per capita to “the Palestinians” far exceeds the aid given to any other country in North Africa or elsewhere. It raises several questions. Why after years of aid in excess of what anyone else receives, do they live in such poverty, while their neighbor Israel, prospers? Secondly, why do the US and the UN give so much aid with no conditions or demands to change behavior or to see that the money is not stolen by corrupt leadership? How many marching college students know this? Why don’t they?
When compared to what the US gave to war-torn Europe for recovery under the Marshall Plan:
Dr. Eli David compiled these numbers about the wealth of Palestinian leaders:
Where did the money go?
💰 Yasser Arafat: $3B
💰 Mahmoud Abbas: $2B
💰 Khaled Mashal: $5B
💰 Ismail Haniyeh: $4B
💰 Mousa Abu Marzouk: $3B
💰 Cost of Hamas terror tunnels: $10B
When will the US demand some accountability for the expenditure of these funds?
The media and the Biden Administration promote the idea of some kind of “white nationalist” reign of terror against Black people. They claim it is the most dangerous domestic security issue. Any white-on-black crime is blown way out of proportion while the pervasive assault on white people by blacks is ignored. What is the end purpose of distorting reality in such an extreme fashion?
We have been told all this monstrous spending will benefit all of us. Money will be spent to improve “infrastructure”. This chart from The Economist shows that with all the deficits, infrastructure spending is not even back to the level seen in the decade before Covid and the need to “build back better.” In fact, the level today is about at the same area as the previous troughs in spending. Tired of getting lied to?
This chart from CFACT shows that while the Biden Administration is chasing down our gas stoves, wants us to eat bugs, and drive exploding EVs, China continues to build a massive amount of coal-fired generating plants. Now if they really believed what they were saying about coal and global warming, why is China given this kind of a pass on this issue? Why aren’t our climate justice warrior students gluing themselves in front of the Chinese Embassy? They don’t seem to ever throw paint on any Chinese art exhibits, either.
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Image Credit: Pixabay
