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.
Wouldn’t making it in America be easy if you could just pass laws to put your competition out of business? That’s precisely what’s being attempted by anti-GMO organic activists across America today.
Coming thirteen days after state and federal income tax returns were initially due, Tax Freedom Day, according to the Illinois Policy Institute’s Senior Budget and Tax Policy Analyst Benjamin VanMetre, marks the point in the year when Illinoisans have worked long and hard enough in the aggregate to cover their share of state, federal and local taxes “and can start keeping their hard-earned money.” About a third of Illinois residents’ efforts this year – 118 days’ worth out of the calendar year’s 365, in other words – went just to paying taxes.
Regardless of where someone may view himself along the political spectrum (conservative, libertarian, or modern liberal), there are always a variety of government programs and activities that they either think are not worth the money or should not be the business of government in the first place. Yet, it seems almost impossible to rein in government. It keeps growing in size and scope in one direction after another. Why? And is there any way to reverse it?
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.
The United States and Japan are at the trade negotiation table – for the proposed Trans-Pacific Partnership (TPP). Absolutely excellent. The freer the trade the better – the more the merrier.
The president of the United States has publicly declared that he knows the minimum wage any worker in the United States should earn as an hourly salary: $10.10. Why not $11.11 or $9.99 has been left a mystery. But what the president is sure of is that businessmen clearly are stonehearted money grabbers exploiting some of their workers by not paying them the real value of what their labor is worth.
Natural selection is the gradual process by which biological traits become either more or less common in a population as a function of the effect of inherited traits on the differential reproductive success of organisms interacting with their environment….
The term “natural selection” was popularized by Charles Darwin who intended it to be compared with artificial selection, which is now called selective breeding.
All of this sounds an awful lot like a free market economy. Species are companies — the market, the environment. Only the capitalism evolution timeline is infinitely compressed. It doesn’t take thousands of years for changes to occur — they happen instantaneously, constantly, incessantly. And the price for natural selection changes for the worse are paid just as fast — a good idea today can kill you tomorrow.
The only way to permanently rid a society of a ‘gap’ in either wealth or income is by making everybody equally poor. If nobody has any more wealth than anybody else, then nobody can be ‘wealthy.’
Barack Obama is finishing his fifth year as president, and continues to try to move America further in the direction of increased government paternalism with the implementation of ObamaCare, a push for a higher minimum wage, more intrusive business regulation, a drive for higher taxes to redistribute wealth, and a persistent insistence that individuals must sacrifice their own interests for that of “society.”
America 3.0: Rebooting American Prosperity in the 21st Century tells the story of our nation’s government as crushingly expensive, one that is failing at its basic functions and unable to keep its promises. Such an unworkable and out-of-control government cannot continue as the status quo.
Forgotten or at least certainly downplayed in the international remembrance of Mandela’s nearly three decades of imprisonment and his historical role in becoming the first black president of post-Apartheid South Africa is the fact that through most of the years of his active resistance leading up to his arrest and incarceration he accepted the Marxist interpretation that racism and racial discrimination were part and parcel of the capitalist system.
As a longtime book reviewer, I have read a growing stack of books warning about a financial collapse, but Holland’s book is not only based in the actual debt, but is written in a manner that even a person who has no knowledge of this issue can understand.
One hundred years ago this month, on December 23, 1913, the Congress passed the Federal Reserve Act, establishing a national central-banking system in the United States. The governing board of the Federal Reserve was organized on August 12, 1914, and the Federal Reserve banks opened for operation on November 16, 1914.
Retail stores are opening even earlier than usual for their annual Black Friday sales this year, in an intensifying competition for scarce consumer dollars. Big retailers such as Target, Kohl’s, Macy’s, Best Buy, Sears, and Toys R Us will open Thursday night and feature “doorbuster” bargains to lure tryptophan-laden customers into their emporia (if they can fit through the doors).