Alec Baldwin, supply-sider

posted at 10:58 am on March 16, 2009 by Ed Morrissey

In our earlier Ron Silver thread, one of our commenters reminded us that a conservative is often a liberal who has been mugged by reality.  We saw a glimpse of that from Whoopi Goldberg in her rant about tax hikes ten days ago, and now the Wall Street Journal notes another prominent liberal that may be beginning to see the light:

We’re constantly told that taxes don’t matter to business and investors, but listen to that noted supply-side economist, Alec Baldwin. The actor recently rebuked New York Governor David Paterson for threatening to try to help close the state’s $7 billion budget deficit by canceling a 35% tax credit for films shot in the Big Apple.

“I’m telling you right now,” Mr. Baldwin declared, “if these tax breaks are not reinstated into the budget, film production in this town is going to collapse, and television is going to collapse and it’s all going to go to California.” Well, well. Apparently taxes do matter, at least when it comes to filming “30 Rock” in Manhattan.

Believe it or not, Mr. Baldwin’s views are shared across the movie industry, which is pleading in state capitals across the country for most-favored-tax status. Hollywood productions are highly mobile and can film just about anywhere. So they have taken to shopping around the country — and the world — for the most lucrative tax avoidance deal.

Around the world?  Doesn’t that make Hollywood a “Benedict Arnold” industry, according to John Kerry? What happened to all that liberal angst about outsourcing?

Of course, Alec Baldwin is right, something you’ll rarely catch me saying or writing — but it’s hardly rocket science.  Businesses tend to operate in the most friendly environments they can access.  Taxes comprise part of that equation.  If the tax situation in New York declines, then productions will move to other states or countries.  People form companies and gain investors to maximize the return on their investments, a completely rational and beneficial arrangement that creates jobs, wealth, and desirable products for commerce.

Now, when Baldwin applies that lesson outside of his industry to the economy as a whole, he will come to the inevitable conclusion that Deadbeatonomics is the worst prescription for an ailing economy, and that lower taxes and investment encouragement are needed.  He will become, as the WSJ notes, a supply sider in general, rather than just where his own pocketbook is concerned.  Why is this important?  Because I believe that a majority of thought exists in America that understands these principles — and that conservatives and the GOP can forge a governing coalition on economic freedom and common sense.

When even Alec Baldwin and Whoopi Goldberg understand the folly of tax hikes, opportunity exists.


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Comments

This is news?? Libs never want to spend their own money.
It’s everybody else’s money they want to spend.

JellyToast on March 16, 2009 at 6:16 PM

I say tax them.

They voted for it, they agreed that it would be good to have for the better of the country, so tax them. Make them bleed. Really. They thought perhaps, in their infinite wisdom, that they would be immune to higher taxes because they have good lawyers and have always found loopholes and tricks to skirt around actually paying the price themselves, and such has always been the case in the past.

But now I really don’t care. Tax them. Tax Hollywood, tax New York, tax every single higher income bracket involved with the media. Tax them, tax them, tax them. And then tax them again after they’ve thrown everything up that they have left.

And then ask them if it was such a good idea to begin with.

No, I really don’t have pity. Let them squirm.

Summer on March 16, 2009 at 6:47 PM

Summer on March 16, 2009 at 6:47 PM

Yup…. What she said… Tax em tell they squeel like the liberal pigs they really are, give them what they asked for in spades.

doriangrey on March 16, 2009 at 7:38 PM

Look at that… it’s a stopped clock, and it’s right! Alec Baldwin, you’re right on this one, and I say raise as much of a fuss on the matter as you can. More of America listens to you than I’d like to think, anyway.

flutejpl on March 16, 2009 at 11:11 PM

So Baldwin really likes that “corporate welfare”.

jgapinoy on March 17, 2009 at 1:41 AM

Alec Baldwin now has a clue, now just if he has the brains to use it.

darktood on March 17, 2009 at 7:00 AM

Now if they change their mind about vilifying business and demonizing the “rich” as if they don’t belong to that category, then keep the tax cuts. Perhaps this lesson will lead the left to adopt a more consistent position.

threeCents on March 17, 2009 at 4:18 PM

Hmmmm…..maybe hanging out with baby bro Stephen and Kevin McCollough he’s starting to learn a thing or three.

LL

Lady Logician on March 17, 2009 at 8:50 PM