Like it, love it, question it…

I like this story, about a 73-year old college basketball player. Short and sweet.

Before Sunday’s basketball game, Coach Yogi Woods gathered the junior varsity at Lambuth University. Watch out for 73 on the other team, he said. He did not mean the player’s number. He meant his age.

The visitors, Roane State Community College, had a septuagenarian guard, Ken Mink, college basketball’s oldest player, who has started a second career after his first ended a half century ago with a mysterious shaving-cream incident.

If the 6-foot Mink was good enough to play, he was good enough to be guarded, Woods told the Lambuth players. Then he turned to the freshman Kendrick Coleman and said: “If he goes in for a layup, don’t let him have it. If he scores on you, we will never let you forget it.”

I love this story, about ads on buses that don’t get too holy.

Perhaps you’ve enjoyed the recent run of advertising duels between some of America’s biggest brands — Mac v. PC, Dunkin’ Donuts v. Starbucks. Burger King v. McWorld.

And now, coming to the broad side of a bus near you, God vs. No God.

But Ross Perot, has me wondering, where does it stop. (Bold italics, mine)

How will you respond if Obama puts through the tax increase he has promised, particularly with respect to the capital gains tax increase he has promised?

President-elect Obama appears to be leaning toward a delay in his tax increases for the wealthiest 5 percent to pay for his promised tax cuts for the remaining 95 percent. History has shown that raising taxes in a recession tends to worsen the situation. We would encourage him to delay his proposed increases and implement his proposed tax cuts. We ascribe to the theory that tax cuts boost the economy — and therefore increase total tax receipts — no matter which portion of the tax-paying public receives the tax cuts.

A theory, though, is something that holds true across a range of variables. But, and you don’t have to be a genius to see this, you can only cut taxes so far. To zero, to be exact. And at that point, total tax receipts do not rise, they fall to zero as well. Even at one-per-cent tax, the economy would need to be a lot better than forty times that of today for tax receipts to keep rising. So his whole point is wrong. Unfortunately, it’s a widely held belief.