Economics · Environment/Energy · Featured
If any of my predictions turn out to be true, I will claim bragging rights, but mostly what I intend to do is maintain my personal sense of hope, sensing that more people worldwide are discovering that others share their desire for less corruption and more freedom.
A new book by French economist Thomas Piketty on “Capital in the Twenty-First Century” has recently caused a major stir on the opinion pages of newspapers and magazines. Piketty has resurrected from the ash heap of history Karl Marx’s claim that capitalism inescapably leads to a worsening unequal distribution of wealth with dangerous consequences for human society.
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.
Budgets/Taxes · Economics · Featured
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.
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.’
Achieving and sustaining such economic growth should be the central focus of national economic policy, for it would solve every problem that plagues and threatens us today.
Budgets/Taxes · Economics · Featured · Politics
At the end of 2013, after serving five years, Barack Obama is a complete failure as President, by his own standards, as reflected in his own words.
Economics · Featured · Health Care · Liberty
Income inequality will be the theme of Obama’s forthcoming State of the Union speech, but like everything else he says it will be a Big Lie.
Budgets/Taxes · Economics · Featured · Politics
So-called Progressives like to talk in code words, because they know if they told the American people what they were really thinking, they would never get elected.
Budgets/Taxes · Economics · Featured · Health Care · Politics
Earlier this month, President Obama tried to change the subject from Obamacare by pitching some rhetoric on “equality” to rally his Far Left base. Not much thoughtful or helpful is[…]
Economics · Featured · Politics · Random
President Obama’s speech yesterday on inequality is being lauded as one of the best of his life, by people who paid attention to it. It’s a sad speech to read, in some sense, since it contains within it the promise of a presidency that we never saw come to fruition – the sort of policy effort that might have been launched to bipartisan success in the first year of his presidency, instead of his effort on Obamacare.
In February, 2009, I wrote for the Wall Street Journal an article entitled Reaganomics versus Obamanomics. The article explained that the emerging Obamanomics was pursuing exactly the opposite of every policy of the[…]
NEWS: The Heartlander
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