The real inequality problem is that of the Two Americas: not divided between one that is rich and one that is poor, but between one that is protected by government and another is punished by it. It’s a class war, yes, but not along economic lines – instead, it runs along the lines of the unprotected vs. the protected.
Few French economists have achieved the kind of adulation Thomas Piketty has experienced recently from the media and the left. Within the context of the American political scene, Piketty’s dour predictions for the future of capitalism and his call for a “utopian” global wealth tax fit perfectly with the left’s frame of an inequality message.
Shortly, Congress will be debating the fate of the U.S. Export-Import Bank (Ex-Im). Its authorization — last extended in 2012 — will expire on September 30 unless reauthorized. Ex-Im was first incorporated in 1934 by President Franklin D. Roosevelt to finance trade with the Soviet Union. Under the Export-Import Bank Act of 1945, Congress established the bank as an independent agency. It provides loans and loan guarantees (as well as capital and credit insurance) to facilitate U.S. exports. Backed up by the full faith and credit of the U.S government, taxpayers are put on the hook.
Last week John Stossel hosted a segment on Earth Day featuring Heartland Senior Fellow James Taylor and Paul Gallay from the Riverkeeper environmentalist organization. Taylor (with some backup from Stossel) crossed swords with Gallay on a number of environmental subjects.
We have before us – and the government – Comcast’s acquisition of Time Warner Cable.
Which the Leviathan and the Left view as an opportunity to outright blockade the free market. Or, barring that, unilaterally impose many, many a la carte regulations – that they otherwise can’t get imposed – in exchange for Mother-May-I government-transaction-approval.
On April 15, nearly 90 percent of American adults filed their income tax returns for the 2013 tax year. And at the end of that day, I finished drinking a glass of truly tremendous bourbon; 130 proof seems appropriate to numb the pain.
Instead of deregulation to reduce unnecessary, stifling regulatory burdens and barriers, as both Carter and Reagan did to such fully documented success, Obama regulates mercilessly as if regulation is cost free to the economy, as the most interventionist President in American history.
In whatever direction we turn, we find the heavy hand of government intruding into virtually every aspect of American society. Indeed, it has reached the point that it would a lot easier to list those areas of people’s lives into which government does not impose itself – and, alas, it would be a very short list. But it was not always that way.
There is an increasing recognition – at least outside the academy, planning organization and urban core developer groups – that the spatial expansion of cities or suburbanization represents the evolving urban form of not only the United States and virtually all of the high income world but also across the developing world, whether middle income or third world.
In recent years, Mexico has made substantial economic progress. Per capita income (purchasing power parity) in Mexico exceeds that of all the “BRIC” nations (Brazil, Russia, India, and China) except resource-rich Russia.
President Obama and many of his fellow Democrat politicians think they have identified a terrible injustice in the “gender pay gap.” But with almost no effort, anyone who can access the Internet can go to the Bureau of Labor Statistics website and find information showing a far greater injustice: the pay gap between young people and older workers.
They’re all actively preparing to enter the over-the-top online video business with their own streaming service or proprietary online programming to compete with Netflix, Hulu, and facilities-based pay-TV providers like Comcast, Time Warner Cable, DirecTV, Dish, AT&T, Verizon, and others.
Your average government – anywhere in the world – has more resources at its disposal than just about any private company on the planet.
So when a government sets its sites on making a private company’s life miserable – it almost always can. Because it can put the full weight of the Leviathan behind the push – and it is spending Other People’s Money to do it.
For many decades in most states, the auto dealers lobby has persuaded legislators to make it illegal for automakers to sell their products directly to buyers. Instead, new-car buyers must[...]
The 2013 annual metropolitan area population estimates by the US Census Bureau indicate a continuing and persistent dominance of population growth and domestic migration by the South. Between 2010 and 2013, 51 percent of the population increase in the 52 major metropolitan areas (over 1 million population) was in the South. The West accounted for 30 percent of the increase, followed by the Northeast at 11 percent and eight percent in the North Central (Midwest).
In 2013 the price of gold bullion lost 28 percent and closed near its low for the year. It was the first annual decline since 2000 and the worst since 1981. Gold ETFs experienced record redemptions, shrinking the funds 33 percent by year end, but they were the exception. Marcus Grubb, Managing Director of the World Gold Council, reported, “2013 has been a strong year for gold demand across sectors and geographies, with the exception of western ETF markets.” While investors were leaving ETFs, demand for gold jewelry, bars and coins was increasing, as were purchases by central banks. Globally, consumer demand increased 17 percent for gold jewelry and 28 percent for bars and coins.
or almost a century, since the end of the First World War in 1918, mankind has been in search of international order and global peace through the political method of international organization. However, instead of peace among men, the last one hundred years as seen almost unending wars, great and small. Maybe it is because men have looked for peace from government rather than from a rebirth of the philosophy of individualism and classical liberalism.
ou may be one of the unlucky Americans that have already experienced the heavy hand of government intruding on your personal property rights. However, today most Americans remain unaware of the planned and unprecedented power grab, inflicted on Americans by a relatively “quiet” agreement our government made with the United Nations, known as U.N. Agenda 21.