Archive for the ‘D’uh’ category

Just Another DFH

April 4, 2013

Over at Balloon Juice, DougJ got the day started with yet more evidence that the Republican Party remains committed to a program of immiserating the miserable.

Hendrick_ter_Brugghen_-_The_Rich_Man_and_the_Poor_Lazarus_-_Google_Art_Project

I dug into my note pile to find yet one more DFH squealing his soft-headed liberal pieties in the face of such intellectual courage:

Is this improvement in the circumstances of the lower ranks of the people to be regarded as an advantage or as an inconvenience to the society? The answer seems at first sight abundantly plain. Servants, laborers, and workmen of different kinds, make up the far greater part of every great political society. But what improves the circumstances of the greater part can never be regarded as an inconvenience to the whole. No society can surely be flourishing and happy, of which the far greater part of the members are poor and miserable. It is but equity, besides, that they who feed, clothe, and lodge the whole body of the people, should have such a share of the produce of their own labor as to be themselves tolerably well fed, clothed, and lodged.

The liberal reward of labor, as it encourages the propagation, so it increases the industry of the common people. The wages of labor are the encouragement of industry, which, like every other human quality, improves in proportion to the encouragement it receives. A plentiful subsistence increases the bodily strength of the laborer, and the comfortable hope of bettering his condition, and of ending his days perhaps in ease and plenty, animates him to exert that strength to the utmost. Where wages are high, accordingly, we shall always find the workmen more active, diligent, and expeditious than where they are low.

Who wrote such bilge?

Adam Smith, in The Wealth of Nations, Book I chapter 8.

Image:  Hendrick ter Brugghen, The Rich Man and the Poor Lazarus 1625.

Sanity in Texas!

August 30, 2011

Dallas, even! Home of Mark Cuban

Now, Cuban’s politics are generally a bit bonkers, to put it excessively kindly — he is, (wait for it) a Randian, seemingly of the high-functioning sort, and endorsed Michael Bloomberg in the 2008 election (sic!)  This time around, he’s signed on to one of those centrist third party rich-guys’ playgrounds so beloved of Thomas Friedman.

At the same time, he isn’t frothing at the mouth about the current President.  He complains that the Obama administration has been insufficiently transparent, which may be true, but would be a low-on-my-list concern given what’s happening in, you know, reality.

But, even if Cuban were born at night, it wasn’t last night.  None of the GOPsters running impress him, he says, because “all of them are just spouting ‘doctrine'”….

That’s one word for it, but at least he noticed.

What caught my eye in that interview, though, wasn’t the horse-race stuff, nor his transparent (and justified) pleasure in his Dallas Mavericks’ defeat of “the Evil Empire,” Miami. (Pat Riley = Sauron — works for me.)

Rather, here’s the guy who became the supermodel-on-the-wall of every dot-com geek when in 1999, he sold his company, Broadcast.com, with all of its mighty $13.5 million in quarterly revenue sales, to Yahoo, in exchange for $6.5 billion in stock.  And then he took the necessary next step, turning a ton of that stock into cash fast.

So, lucky, good, and filthy rich.  And he wants to pay his share to the country in which his success could occur:

Cuban did say he agrees with Warren Buffett’s recent assertion that the wealthiest Americans should pay more taxes.

“He’s right,” Cuban said. “Not only should we pay more taxes . . . there should not be a differentiation between capital gains and regular income.”

Well yeah.  More of this please — backed by lobbying money to defend the principle.

Image:  Francisco de Goya, Las Gigantillas, 1791-1792