Wednesday, April 05, 2006

Katherine Harris & Two Unknown Running For Republican Senate Nomination

Katherine Harris has only committed $3 million of the $10 million she promised to drop in her campaign coffers. It's like watching Wal-Mart budget a campaign. The Miami Herald wonders if the Harris campaign will lose credibility. It's like asking if Van Halen sold a lot of records with the guy from Extreme as their lead singer.

The Herald reports two Republicans have filed to run against Harris. It seems having faith in God as paid off for the Florida GOP. The first candidate is Belinda Noah of Tampa. She has a campaign webite and blog. She pitches her Fair Tax with no numbers to back it up. I can't figure out what she is trying to say. What it smells like is a pitch to ditch Social Security for private investments. Her proposal also states:


The income of some people increases because they find working more attractive in the
absence of income and payroll taxes, and they may choose to work more or at a second job. Others may choose to work less because they are making more money per hour worked, and it is easier for them to meet their personal financial goals. In either case, people are better off.

The most important cause of higher real wages is a higher level of capital investment per worker. A worker or farmer is more productive if he or she has more machinery and equipment to work with, particularly new equipment that incorporates the latest technological innovations. Higher productivity leads to higher real wages. It is impossible, on a sustained basis, for an employer to pay workers higher wages than their productivity justifies because employers that do so would go out of business. Higher investment levels per hour worked explain as much as 97 percent of the increase in inflation-adjusted wages since 1948, as can be seen in Figure 1.1


Noah is saying that if employers no longer have to pay taxes for Social Security then wages will magically go up for worker bees. Conservatives have pitched variations of trickle down economics for years. We have yet to see the results they proclaim. The middle class has shrank under the current tax cuts. That's some fair tax.

The other candidate is Howard W. Knepper. Wikipedia saids that Knepper is a business man.

2 Comments:

At April 05, 2006 8:45 PM , Anonymous Anonymous said...

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At April 05, 2006 9:38 PM , Anonymous Anonymous said...

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