Headline is six words too long

NYT:

Make Pot Legal for Veterans With Traumatic Brain Injury

Now, of course we should be smart and thoughtful about how exactly we legalize marijuana, but I’m pretty sure virtually any legal regime is an improvement upon our war-on-drug status quo.

Haven’t posted this chart in a while.

drugs

 

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We need to cut corporate taxes to save the economy!

Clearly, our high Obama-era corporate tax rates are the real problem, as seen in this chart from Drum ;-):

Hmmm.  Maybe not so much.  And a nice NYT Op-Ed from Sarah Anderson, nicely titled, “It’s a Myth That Corporate Tax Cuts Mean More Jobs.”

Our report analyzes the 92 publicly held American corporations that reported a profit in the United States every year from 2008 through 2015 and paid less than 20 percent of their earnings in federal income tax.

We chose this particular tax threshold because, as Mr. Stephenson mentioned, House Republicans are proposing to reduce the federal statutory corporate tax rate to 20 percent, down from the current 35 percent. President Trump wants an even deeper cut, down to 15 percent.

If claims about the job-creation benefits of lower tax rates had any validity, these 92 consistently profitable firms would be among the nation’s strongest job creators. Instead, we found just the opposite…

The message policy makers really need to hear? Stop peddling the myth that “tax relief” for big companies will be good for the rest of us.

I have no doubt that we can do corporate tax policy smarter.  But making businesses pay less in tax is not the key to economic growth.

Why my students hate Trump

It’s because they are young.  Forget college liberal indoctrination; the younger you are the more likely you are to disapprove of Trump.  Ed Kilgore summarizes the latest from Gallup:

It’s not exactly breaking news that millennials are not a hotbed of support for Donald J. Trump (or for that matter, his party). But via Axios, we learn that the latest weekly Gallup approval-rating numbers for the president among 18-to-29-year-olds have hit a dismal new low of 20 percent. [emphasis mine]

Trump’s approval rating in this age cohort has been sloping downward since late April, when it stood at a merely abysmal 36 percent.

Like most Republicans, of course, Trump’s popularity is directly proportional to the number of years poll respondents have been walking the earth. He’s currently at 33 percent among 30-to-49-year-olds; 42 percent among 50-to-64-year-olds; and 43 percent among those over the age of 65. If you have to pick where to be strong or weak, this is the pattern you’d like in the very short term, since likelihood to vote is also more or less directly related to age. These Gallup numbers are not screened for voter registration, much less likelihood to vote, so the overall profile for Trump isn’t quite as bad as it looks when it comes to people who will, for example, be voting in 2018.

In the long run, though, you don’t want your political party to be led by someone who is loathed by the voters of the future. No, people of a given generation don’t always vote the same way over time, but when there is a degree of antipathy this strong, it’s hard to overcome.

Given that Trump always fares worse in approval among college grads, I strongly suspect that his support among the future college grads in the “some college” category of college students is even lower than 20%.  I honestly wish I had more students willing to speak forthrightly in favor of Trump and his policies (I tried really hard to get somebody to defend the Arpaio pardon; then again, some things are pretty indefensible), but I truly believe that when Trump supporters are probably less than 1 in 5 college students, they are far more worried about the opinions of their peers, than of me.  I think we’ve got a genuine Trump spiral of silence going on.  And that’s a real shame because we are always so much better off discussing different viewpoints in the open.

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