Tuesday, September 7, 2010

A Message to the Muslim World

Recent news coverage is closely following an upcoming event planned by a church in Florida to hold an "international burn a Koran day" on the 9th anniversary of the gruesome attacks of September 11th, 2001. http://www.bbc.co.uk/news/world-us-canada-11223457

The organizer, Christian pastor Terry Jones, hopes to "send a clear message to the radical element of Islam." Unfortunately, the only message this ludicrous act of religious hatred will send to any member of the Muslim or non-Muslim community is one of intolerance and ignorance generating hatred towards America and Europe even from non-radical and peaceful Muslims. American General David Petraeus, the top U.S. commander in Afghanistan, has openly pleaded that the event be canceled because "images of the burning of a Quran would undoubtedly be used by extremists in Afghanistan — and around the world — to inflame public opinion and incite violence," http://www.npr.org/templates/story/story.php?storyId=129701795

General Petraeus is one of thousands of leaders around the world who have spoken out against this idiotic event, and there are many reasons for this international condemnation. Firstly, we are in the middle of the Islamic holy month of Ramadan, a nearly universal Muslim time of prayer, sacrifice, and charitable giving. Try to imagine a televised ceremony where a pile of Holy Bibles were burned at the height of the Christian Christmas or Easter holiday seasons, and you will begin to feel how this will be viewed by ordinary, peaceful Muslims, not forgetting the violent extremists already obsessed with war against the west. This event will incite tremendous backlash by murderous extremists the world over. There is no doubt that innocent people will die if this book burning is carried out.

Finally, Pakistan, the world's second largest Muslim country by Muslim population, is in the midst of the worst humanitarian disaster in recent world history. One-fifth of Pakistan, an area as large as all of England, was completely underwater for weeks destroying billions of dollars of agricultural products and livestock and displacing tens of millions of now starving refugees. In the weeks and now month following the start of this disaster, humanitarian donations are still less than in the first 3 days of donations following the disastrous earthquake in Haiti.

If we really want to send a message to the Muslim world, I recommend we make it a message of compassion to those millions of innocent men, women, and children starving and homeless following one of the worst natural disasters in recent history. That is a message that anyone of any faith can appreciate.

For those who care, here is a link to the American Red Cross Donation Site for Pakistan Flood Relief Efforts: https://american.redcross.org/site/Donation2?idb=826262064&df_id=4932&4932.donation=form1

Thursday, July 8, 2010

Focus on the Basics

A friend of mine sent me this list of tax rates below. I haven't vetted it fully, but it seems reasonable. In response, I made a little analysis of my own.

Thanks for sending this. Only one point to correct: as part of recent austerity measures, the UK has had to cut some of their welfare programs, but still had to INCREASE their VAT from 17.5% to 20% to tackle their ridiculous debt! (http://news.bbc.co.uk/2/hi/politics/10371590.stm) So that puts Britain's total top tax rate at an even 70% not 67.5%... God save the Queen!

Granted the tax brackets in the email below are the highest bracket, they are still ridiculous... (By comparison, where I live in Singapore, tax brackets vary from 3.5%-20% http://www.iras.gov.sg/irasHome/page04.aspx?id=1190)

Juxtapose those tax rate numbers to these GDP growth statistics below... http://www.economywatch.com/economy-business-and-finance-news/economic-forecast-2009-2010-imf-raises-gdp-growth-expectations-09-7.html


Total Tax Rate2009 GDP Growth2010 GDP Growth
UK70% (50+20% VAT)-4.2%0.2%
France60% (40+20% VAT)-3.0%0.4%
Japan45% (40+5% consumption)-6.0%1.4%
Singapore27% (20+7% GST)-2.1%8.9%


(http://www.channelnewsasia.com/stories/singaporebusinessnews/view/1053414/1/.html)

Do you see a trend? Lower taxes = higher growth. Not rocket science people.

We're coming off of the worst economic downturn in recent history. "Modern" economies in Europe are broken under the burden of their social welfare systems because people on average just aren't as productive as long as they used to be. (Why would they be when they are incentivized not to work?) People were living in a dream.

Younger economies in Asia have learned from the mistakes of Europe by incentivizing independence, entrepreneurship, and economic growth in all of their domestic policies. Work hard, save for yourself, spend your own cash to increase living standards and move the economy forward. It took me 20 minutes to look up all this information... what do our politicians do in Washington that they can't figure this out?

Oh thats right.. they have to spend more time figuring out how to make buying votes with social programs to enslave the lower income brackets in reliance on government assistance sound like they are "helping the poor." I can see how that is a tough task... Wake up America.




Current European tax rates:
United Kingdom Income Tax: 50% VAT: 17.5% TOTAL: 67.5%
France Income Tax: 40% VAT: 19.6% TOTAL: 59.6%
Greece Income Tax: 40% VAT: 25% TOTAL: 65%
Spain Income Tax: 45% VAT: 16% TOTAL: 61%
Portugal Income Tax: 42% VAT: 20% TOTAL: 62%
Sweden Income Tax: 55% VAT: 25% TOTAL: 80%
Norway Income Tax: 54.3% VAT: 25% TOTAL: 79.3%
Netherlands Income Tax: 52% VAT: 19% TOTAL: 71%
Denmark Income Tax: 58% VAT: 25% TOTAL: 83%
Finland Income Tax: 53% VAT: 22% TOTAL: 75%