In a recent interview in the Wall Street Journal, billionaire Stan Druckenmiller discusses his recent university tour sounding the alarm on intergenerational theft. The article paraphrases his case:

[W]hile today’s 65-year-olds will receive on average net lifetime benefits of $327,400, children born now will suffer net lifetime losses of $420,600 as they struggle to pay the bills of aging Americans.

It goes on:

When the former money manager visited Stanford University, the audience included older folks as well as students. Some of the oldsters questioned why many of his dire forecasts assume that federal tax collections will stay at their traditional 18.5% of GDP. They asked why taxes should not rise to fulfill the promises already made.

Mr. Druckenmiller’s response: “Oh, so you’ve paid 18.5% for your 40 years and now you want the next generation of workers to pay 30% to finance your largess?” He added that if 18.5% was “so immoral, why don’t you give back some of your ill-gotten gains of the last 40 years?”

He has a similar argument for those on the left who say entitlements can be fixed with an eventual increase in payroll taxes. “Oh, I see,” he says. “So I get to pay a 12% payroll tax now until I’m 65 and then I don’t pay. But the next generation—instead of me paying 15% or having my benefits slightly reduced—they’re going to pay 17% in 2033. That’s why we’re waiting—so we can shift even more to the future than to now?”

In my recent commentary, I examined the recent projections of the Congressional Budget Office: (more…)

Blog author: ehilton
Monday, October 21, 2013
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thenationdecreedNo, that’s not the name of a new James Bond movie. Rather, it’s a Public Discourse post by Anthony Esolen that discusses society’s ability (and disability) to get a handle on evil actions and morality.

The cry, “You can’t legislate morality” is, of course, false. That is exactly what law does, as Esolen points out.

All laws bear some relation, however distant, to a moral evaluation of good and bad. We cannot escape making moral distinctions. One man’s theft is another man’s redistribution of income. One man’s defense of family honor is another man’s murder. Even people who reduce law to utilitarian calculations cannot evade this truth.

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Blog author: jcarter
Monday, October 21, 2013
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Christian's Library PressEarlier this month, Christian’s Library Press co-sponsored a discussion between Ken Myers, Matthew Lee Anderson, and British moral philosopher Oliver O’Donovan. Held a few blocks from the Capitol building in Washington, D.C., the conversation addressed questions and themes of political theology and was loosely centered around O’Donovan’s 1996 book The Desire of the Nations.

Click here to listen to an audio of the conversation on the website of Mars Hill Audio Journal.

GOP-Civil-WarThere’s a fascinating profile of Jim DeMint, the new president of the Heritage Foundation, in BusinessWeek, which makes a good pairing for this NYT piece that focuses on the GOP’s “civil war” between establishment Republicans and Tea Partiers.

But one of the comments that really stuck out to me concerning DeMint’s move from the Senate to a think tank was his realization about what it would take to change the political culture in Washington. As Joshua Green writes, DeMint had previously worked to get a new brand of GOP legislator elected to Congress, including Ted Cruz and Marco Rubio. But later “DeMint gave up trying to purify the party from within.”
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south-africa-human-organ-006There have been whispers of it before, but now it has been confirmed: trafficking humans in order to harvest organs. The Telegraph is reporting that an underage Somali girl was smuggled into Britain with the intent of harvesting her organs for those desperately waiting for transplants.

Child protection charities warned last night that criminal gangs were attempting to exploit the demand for organ transplants in Britain. (more…)

Blog author: jcarter
Monday, October 21, 2013
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Victory Is Now Final For Louisiana Monks
Institute for Justice

U.S. Supreme Court Rejects State’s Petition Seeking To Overturn Landmark Constitutional Victory

Amid New Attacks, Egypt’s Copts Preserve Heritage
Hamza Hendawi, AP

The little known Anba Bishay Church offers a striking example of how Egypt’s Orthodox Coptic Church jealously guards its heritage against formidable odds.

The Next Human Rights Revolution
Chen Guangcheng, Public Discourse

Renowned human-rights activist Chen Guangcheng calls on American citizens to recognize that China’s barbaric violations of human dignity threaten justice on a global scale. Americans must take practical, immediate actions, no matter how small, to abolish these atrocities.

Private Citizens Need To Fight Poverty
James Velasquez and Dantan Wernecke, Doublethink Online

The future demands society takes social welfare seriously, and that means taking it away from the bumbling hands of politicians and technocrats.

james lee burkeEvery artist, whatever the medium, is a pale example of our Creator God, and the best artists know that. James Lee Burke, whose novels are full of violence and glimpses of evil, seems to be an unlikely candidate for drawing attention to “God’s thumbprint” in our world, but he consciously does just that.

In an interview with PBS’s Religion & Ethics Newsweekly, Burke talks about how religion (specifically his Catholic faith) plays a role in his writing. His primary character is Dave Robicheaux, a Louisiana cop and alcoholic. (more…)