Tuesday, March 23, 2021

Links: Biden's worrisome immigration policy, executive pay at Starbucks, new Russian history

Links: Biden's worrisome immigration policy, executive pay at Starbucks, new Russian history 

I used to believe in the non-delegation doctrine. Then I read an annotated copy of the Constitution and took an administrative law course. Congress needs to write review of regulations into the authorization process and direct changes to regulations - but as regulations - not as black letter law. This would be the ultimate indicator of legislative intent, even if it only makes it into the conference report. As to Stern, the non-delegation doctrine only came up in New Deal legislation - where it was considered law until FDR threatened to pack the Court.

Biden's job is to faithfully execute the laws. He is. When I see pictures of the cases, I see plenty of beds and no standing-room-only situations. Asylum laws have specific meanings. It is up to Congress to let people come in for other reasons. The problem is that after Central America was ground into a pulp by two of the worst hurricanes ever, we did no go down and help. We did not go there, so they are coming here.

The Sanders/Warren Bill is grandstanding. They have the right idea, but the solution is to separate asset taxes and salary taxes into two filings (with asset taxes changed to a Value Added Tax at point of sale) and a 52% top rate on salary income. On the other side, minimum wages must go up and the Child Tax Credit needs to be made permanent, be distributed with wages and doubled (at least).

Bravo to Starbucks shareholders. Too bad most don't do so. Usually investment bankers frown on such things. Those that do analysis, manage investments and sell stocks are too close for our comfort. In other words, things are worse than you think,

The key to understanding Russia is any book about when the Tartars occupied the Rus (and how the Rus returned the favor).

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