Sunday, May 24, 2026

Britain Versus the Laffer Curve

 https://www.wsj.com/opinion/britain-versus-the-laffer-curve-523ed588?mod=trending_now_opn_2

Britain Versus the Laffer Curve

High tax rates push more Britons overseas—and revenue down.

ET

The Laffer Curve comes for us all in the end, and man is it attacking the United Kingdom with a vengeance now. The latest immigration data suggest Britons are voting with their feet against rising taxes.

Migration figures for 2025, released Thursday by the Office for National Statistics, showed the lowest net immigration since Covid, at 171,000. Prime Minister Keir Starmer’s Labour Party is eager to trumpet a rapid decline in new arrivals, given how contentious immigration policy has become.

But an equally important part of the story is increasing net emigration by Britons. While the number of people leaving has held steady at some 250,000 annually in recent years, the number of people who repatriate each year is declining noticeably. This is down to 110,000 in the most recent year, from as much as 170,000 annually in the wake of the pandemic.

The stereotypical British émigré used to be the retiree packing up for sunnier climes in Spain or France. These days it’s the younger worker who moves to Dubai for lower taxes and then delays returning to Britain. These are some of Britain’s most entrepreneurial people, and they’re spending their prime tax-paying years out of the country.

They’re in good company. The annual “rich list” of Britain’s wealthiest, published last week by the Sunday Times of London (owned by the same company as the Journal), found a race for the exits. One-sixth of the people on the list two years ago have dropped off, and 111 of the British citizens on the 350-name list live offshore.

Only one foreign billionaire moved to Britain: Warren Stephens, the U.S. ambassador. As a diplomat, he’s exempt from British taxation.

Undeterred, Labour Party politicians keep promising to tax the rich more. The latest is Wes Streeting, former health secretary vying to replace Mr. Starmer as party leader and Prime Minister. Mr. Streeting this week proposed a new “wealth tax” in the form of a higher tax rate on capital gains to match the rate on personal income. That’s as high as 45% for anyone earning over £125,140. He seems to think this would be a revenue raiser.

The migration data show it isn’t. Don’t compare today’s tax revenue to some fanciful future when entrepreneurial young Britons and the wealthy take higher rates on the chin. Instead, compare today’s revenue to what the treasury will take in from people who leave: zero. Arthur Laffer tried to warn them.



Thursday, May 21, 2026

Wokeism isn't dead

Almost dead in many places, but still thriving in others.


https://www.wsj.com/opinion/woke-isnt-dead-or-even-resting-77a6448f?mod=trending_now_opn_1

‘Woke’ Isn’t Dead, or Even Resting

‘Defund and dismantle all you want, but the work continues,’ Virginia’s ‘chief diversity officer’ says.

Matthew Continetti

Updated  ET


New York University social psychologist Jonathan Haidt is no firebrand. Yet as he delivered his school’s commencement address last week, he was booed. Several dozen students even walked out.

Prof. Haidt’s offense? The students who called on NYU to cancel the speech say that the author of “The Anxious Generation” has “promoted disturbing rhetoric around antiracism, social justice, and diversity, equity, and inclusion, claiming that the abolition of DEI may be the only way out of the Leftist ideological capture of American campuses.”

These aspiring Jacobins, in other words, wanted to silence an advocate of campus free speech—thereby proving his point. Whatever they majored in, it wasn’t irony.

The gesture was futile, but the lesson wasn’t. The radical ideas on race, “gender” and sexuality known as woke ideology—and the activist intolerance for dissent that accompanies them—might have retreated from their Biden-era apex. They haven’t disappeared. Though woke concepts such as systemic racism, critical race theory and gender fluidity aren’t as visible in corporate boardrooms and the federal government, they remain a powerful force in progressive strongholds, from college quads to Democratic primaries.

This is unexpected. The wave of left-wing activism that swept U.S. institutions after the death of George Floyd in the summer of 2020 seemed to have receded. A few years ago, headlines announced that America had hit “peak woke.” In 2023 the Supreme Court ruled that race-based college admissions are unconstitutional. A study that same year found a decline in academic research focused on identity and discrimination. Media outlets published fewer articles on “white privilege.” Major universities no longer required job applicants to sign statements pledging support for DEI.

Donald Trump’s 2024 victory confirmed the trend—and accelerated it. Mr. Trump had campaigned against Kamala Harris’s support for “gender transition” surgery for imprisoned felons and aliens in immigration detention. His early executive orders repealed Joe Biden’s equity initiatives, ended racial preferences in federal contracting, and withheld funds from universities that weren’t complying with the Supreme Court’s affirmative action jurisprudence and laws combating antisemitism.

The business community followed. LGBT Pride marketing campaigns were scaled back. DEI programs were shuttered. Transgender influencer Dylan Mulvaney, onetime spokesman for Bud Light, was out; blond bombshell Sydney Sweeney, modeling American Eagle jeans, was in.

Yet looks can be deceiving. Mr. Trump didn’t rout wokeism. He forced it into a tactical withdrawal. Corporations and colleges rebranded DEI programs to avoid legal repercussions. As Washington moderated, blue cities and states radicalized. New York and Seattle elected socialist mayors. Minnesota defied federal immigration enforcement.

California Gov. Gavin Newsom says it’s “deeply unfair” when males compete in women’s sports. Yet his state party platform endorses reparations for slavery and affirms the right of transgender people to select “gender pronouns” and compel others to use them. And every Democrat running to replace him supports free healthcare for illegal immigrants.

Virginia Gov. Abigail Spanberger campaigned as a moderate with national-security credentials. Her first act in office was to end state cooperation with ICE. Then Ms. Spanberger began to roll back the state higher-education reforms of her predecessor, Republican Glenn Youngkin. Ms. Spanberger appointed Sesha Joi Moon, former “chief brand strategist” for Rep. Jasmine Crockett, as the commonwealth’s chief diversity officer and director of diversity, equity, and inclusion. “I feel like DEI is just getting started,” Ms. Moon said on a podcast last year. “You can defund and dismantle all you want, but the work continues.”

It sure does. Mr. Trump’s second term handed Democrats an opportunity to recalibrate on merit, economic growth, energy and immigration. They’ve missed it. Instead, the party has doubled down on identity politics and opened its gates to socialists and antisemites. Racial equity and climate change used to animate the movement. Now opposition to Israel does.

Consider the beliefs of Analilia Mejia, the former Bernie Sanders organizer who won the Democratic nomination in New Jersey’s 11th Congressional District. Ms. Mejia wants to abolish Immigration and Customs Enforcement, raise the minimum wage to $25 an hour, provide Medicare for All and impeach Justices Clarence Thomas and Samuel Alito. But she saves her harshest words for Israel, which she falsely accuses of genocide. Asked if Israel has a right to exist as a Jewish state, Ms. Mejia dodges.

She isn’t alone. Attacking Israel unites far-left candidates from California to Michigan and Maine. At least one candidate’s antisemitism is even more explicit: Maureen Galindo, a Texas sex therapist and housing activist, said she’d turn an ICE detention center into a “prison for American Zionists.” So toxic is Ms. Galindo that James Talarico, the Democrats’ U.S. Senate nominee, says he won’t support her if she wins next week’s runoff for the Democratic nomination in the state’s 35th Congressional District.

Mr. Trump’s antiwoke campaign changed policy. But no policy can reach wokeism’s core: the binary of oppressor and oppressed that supplies adherents with moral fervor—directed these days at MAGA and Israel with religious intensity. Mr. Trump’s very presence on the national stage drives Democrats ever farther to the left. The share of Democrats who say they are liberal or very liberal is at a record high. Since 2016, Democrats have viewed socialism more positively than capitalism. Earlier this year, the Pew Research Center asked Democrats to describe what made them proud of America. Among the answers the respondents volunteered: “Nothing.”

Remember the Pew poll the next time you hear we’ve reached “peak woke.” If progressives continue to reduce politics to victims and victimizers and elevate identity and group membership above individual rights, the Democratic Party will remain captive to an ideology at odds with American principles and the American mainstream. The consensus is wrong. Wokeism isn’t dead. It’s very much alive.

Mr. Continetti is a columnist for WSJ Opinion’s Free Expression.


Wednesday, May 20, 2026

Incumbent Senators

 

Ken Paxton promised to drop out of the Senate race if Republicans bypassed the filibuster to pass the SAVE Act. They did not, John Cornyn is now going to lose, and every American last puke in the Senate is angry about it. Such illustrates the culture that has been built up in the Senate over the last few decades-- the culture of incumbent protection. There's a reason that before the last two weeks, no Republican incumbent had gone down in a primary election since 2010. It's because it's very hard to run a statewide campaign against a well-funded incumbent. RINOs in the Senate knew that all they had to do to be re-elected was say the right things at election time, have the DC money behind them, and coast to victory. Well, those days are over. It turns out you can only bullshit Republican primary voters for so long before they catch on to the fact that people like John Cornyn don't actually represent them. Senators may actually be forced to keep the promises they make to the voters for a change if they want to keep their seat.



The really frustrating part is the just literally threw away over 100 million dollars to try to protect Cornyn. And the dude was so bad...as an incumbent he couldn't even make it out of the primary and into the general election! Such piss poor judgement/management by .

Britain Versus the Laffer Curve

 https://www.wsj.com/opinion/britain-versus-the-laffer-curve-523ed588?mod=trending_now_opn_2 Britain Versus the Laffer Curve High tax rates ...