Tax reform will save American jobs – Even the left-wing USA Today is admitting that the USA’s extremely high corporate tax rates are hurting the economy.

Thomas Sowell’s Random Thoughts –  Another great batch, including the following.

• Not since the days of slavery have there been so many people who feel entitled to what other people have produced as there are in the modern welfare state, whether in Western Europe or on this side of the Atlantic.

• Economist Edward Lazear has cut through all of Barack Obama’s claims about “creating jobs” with one plain and inescapable fact — “there hasn’t been one day during the entire Obama presidency when as many Americans were working as on the day President Bush left office.” Whatever number of jobs were created during the Obama administration, more have been lost.

• Do either Barack Obama or his followers have any idea how many countries during the 20th century set out to “spread the wealth” — and ended up spreading poverty instead? At some point, you have to turn from rhetoric, theories and ideologies to facts.

• If you believe Barack Obama and others who oppose what they call “tax cuts for the rich,” you might want to consider what the late Daniel Patrick Moynihan once said: “You are entitled to your own opinion, but not to your own facts.” If you want to see some documented facts about tax rates and tax revenues, there is a box titled “Tax Cuts” on my web site (www.tsowell.com). Click on it.  (19 page pdf)

• If there is ever a Hall of Fame for confidence men, Charles Ponzi and Bernie Madoff will have to take a back seat to Barack Obama. Obama is the gold standard — or, perhaps more appropriately, the brass standard.

A Modest Proposal –  Walter Williams looks at the mess in the PRC.