Jan 28, 2019 ~ Elizabeth Warren proposes a 'wealth tax' - besides being unconstitutional in the US, other countries have tried it and abandoned it - 'Denmark repealed its wealth tax in 1996. Sweden and Iceland repealed their wealth taxes in 2007'
Jan 19, 2019 ~ Predictably, NYC Restaurants Slash Staff over $15 Minimum Wage that was instituted late last year - 'We lost control of our largest controllable expense. So in order to live with that and stay in business, we're cutting hours.'
Jan 15, 2019 ~ The 'unintended consequences' of Philadelphia's 2017 soda tax becoming more apparent - Raised a fraction of predicted money bc those who could buy outside of the city did - hurt the poor the most who could not - hurt local businesses, jobs
Jan 7, 2019 ~ WP gave four Pinocchios to AOC's claim that 'Pentagon accounting errors' could've paid for two-thirds of Medicare-for-all. She lamented that people care more about being 'factually, and semantically correct than about being morally right'
Jan 4, 2019 ~ President Trump is freezing pay for civilian federal workers, cancelling their automatic 2.1% raise for 2019 - Necessary to start bringing govt salaries and benefits more in line with private sector - Govt time off, job security better also
Jan 1, 2019 ~ John Stossel, 'Sweden Isn't Socialist' - They tried something similar in the 70s and abandoned it because economy tanked. They now have market econ. high flat-ish tax. Everyone pays a lot. Less regulation, more privatization e.g. pensions.
Dec 29, 2018 ~ Kevin Williamson, 'On Minimum Wage, a Flight from Reality' - Great piece explaining why legislating wages is self defeating - you can't force people to value anything including labor more than it is worth because labor is traded for goods and people know how they value goods.
Dec 21, 2018 ~ Walter Williams article, 'Miseducated or Stupid'. Williams comments on the ignorance of American Millennials who view Socialism more favorable than Capitalism. 51% want to live in a socialist or communist country. Don't know the horrors those systems caused. 100 million dead.
Dec 21, 2018 ~ A Harvard study is another in the long line of studies that debunk the Democrat fiction called the 'Gender Wage Gap'. THERE IS NO UNEQUAL PAY FOR EQUAL WORK. This has been illegal for decades. The 'gap' results from differing choices made by men and women, not discrimination.
Dec 17, 2018 ~ Stossel reviews old book- 'Myth of the Robber Barons' - Shows that capitalists such as Rockefeller and Vanderbilt were neither robbers nor barons- 'They got rich by creating better things'- made average and poor people's lives much better.
Dec 16, 2018 ~ Stephen Moore's Three enduring lessons should be learned by the 1990 budget deal - Tax increases always lead to more government spending - Tax increases damage the economy and increase the deficit. Tax increases lead to Republican losses.
Nov 30, 2018 ~ Kevin Williamson, "The Man-Made Affordable-Housing 'Crisis'" - 'Rules that prohibit cheap housing lead to ... a lack of cheap housing' - they chase poor people out of town instead of magically giving them a nicer place to live. Uses Dallas as a case study.
Nov 17, 2018 ~ Stossel analyzes the problems with 'Single Payer Health Care'. Its unaffordable, requires rationing, lines, inferior care. The longer life expectancy stats of other nations are not due to health care. They save money by freeloading off US innovation but no innovation without US.
Nov 11, 2018 ~ Kevin Williamson, 'Rent Control Resurgent'. Dems keep going to the playbook of old failed programs like Rent Control. Even Krugman has said the 'negative results' are 'entirely predictable'. Walter Williams, 'no surer way to destroy a neighborhood short of carpet bombing it.'
Oct 30, 2018 ~ Price Gouging During a Natural Disaster. Walter Williams explains why its actually better to allow it than to ban it. Allowing prices to rise incentives people who don't really need gas to forgo purchase. Otherwise you get a shortage and those who need it don't get it.
Oct 20, 2018 ~ Trump brings Canada back in and negotiates a New NAFTA Deal with Mexico and Canada called USMCA - Even Schumer and left wing economists admit that it is a better deal than original NAFTA - 10 yr drug patent protection means Americans don't subsidize the world.
Oct 16, 2018 ~ Walter Williams reviews a new widely anticipated textbook called 'Universal Economics' by UCLA economists, Armen A. Alchian and William R. Allen. 680 pages. written for the layperson but if you grasp it, you will know more than many DC economists.
Sep 23, 2018 ~ Stossel explains again why 'price gouging' after a hurricane is a good thing - 'Gougers deserve a medal' said Milton Friedman - a guy drove 600 miles with generators after Katrina - was thrown in jail - no one got needed generators.
Sep 23, 2018 ~ Laffer curve proved again - With lower tax rates, income tax revenue went UP 9% which will bring in an $1T in additional taxes over 10 yrs. Democrats said tax cuts would increase the deficit. Cuts also led to wage & salary increases and other higher economic activity.
Sep 10, 2018 ~ Tucker Carlson who usually knows better and Bernie Sanders who never does argue that Amazon should be taxed the amount their workers get welfare - its the same flawed minimum wage argument for paying workers more than they are worth. Welfare would be more without the job.
Aug 25, 2018 ~ Ben Shapiro, "Context Is Key in Evaluating Nordic so called 'Socialism'" - The major advantage held by Nordic countries is a cultural focus on education, law-abiding behavior, and hard work - too many Americans lack these qualities
Aug 19, 2018 ~ Laura Hollis, 'A Business Lesson for Socialists' - They seek to only distribute and re-distribute what exists but socialism kills the incentive for inventing new things - this is why places like East Germany fell decades behind West Germany
Aug 18, 2018 ~ John Stossel, 'Social Security Fail's - Stossel tries once again to warn about the coming insolvency of Social Security and Medicare - no one is courageous enough to address the problem. Any cuts would be demonized even though unsustainable. Democrats say spend even more.
Aug 12, 2018 ~ Minnesota minimum wage hike leads to predictable results - hikes have led to slower job growth in the restaurant industry and significant job losses among younger workers, a new study has found
Aug 4, 2018 ~ Stossel explains again why increasing minimum wages in restaurants would do more harm than good - where it was tried hundreds of restaurants closed, hours were cut, etc. - did not lower harassment either
Aug 4, 2018 ~ Jibran Khan, 'Kamala Harris's Rent Subsidy Would Help Landlords, Not Renters' - The new rents would just adjust to the subsidies like always happens - same happened with college tuition - real problem is supply artificially kept low by dems
Aug 2, 2018 ~ Ben Shapiro, 'Unintended Consequences' of government action very often worse than the intended consequences - examples, tariffs, rent control, minimum wage, student loans, certain welfare programs
Jul 30, 2018 ~ Kevin Williamson, 'Understanding Trade Deficits' - Why they are not bad and not caused by tariffs - trying to eliminate them would do more harm than good - will wipe out much foreign investment.
Jul 29, 2018 ~ Michael Bargo, Jr., 'The Blue-State Housing Bubble' - Illinois the worst - property taxes INCREASING $10000 on small homes that already had ridiculous rates - these people are screwed - can't sell the house now so can't flee the high tax state - handcuffed
Jul 23, 2018 ~ Jazz Shaw, 'The Fight for 15 Is Knocking NYC Out'. 'This minimum wage spike has forced several New York City businesses to shutter their doors and will claim many more victims soon.' Fight for 15 fools are winning themselves a place in the unemployment line.
Jul 23, 2018 ~ Adios, entry level jobs at the Golden Arches - McDonalds is installing self serve kiosks in all locations by 2020 - The Fight for 15 fools won themselves a place in the unemployment line.
Jul 22, 2018 ~ Michael Tanner, 'The Dangers of America's Obsession with Inequality' - Capitalism does produce inequality - its necessary to provide the incentive - but it also produces the most wealth for everyone including the poor who live like kings used to live.
Jul 15, 2018 ~ Walter Williams explains why trade wars are bad again - if they shoot a hole in their end of the boat, does it help to shoot a hole in ours - also trade deficits are not bad. We buy more goods but they use those dollars to invest in America.
Jul 15, 2018 ~ Steve Moore, 'Trump's Zero Tariff Solution'. 'Zero tariffs would be the ultimate victory for totally free and fair trade' - Trump asks why can't we just do that - We have the lowest tariffs - Europe's are 30% higher than ours.
Jun 24, 2018 ~ Starbucks bailing on urban centers after minimum wage hikes - Closing 130 stores, many in locations that have raised minimum wage - company cited wage increase requirements as one of the reasons
Jun 22, 2018 ~ Walter Williams, 'Will Automation Kill Our Jobs' - Professor Williams explains why this prediction has been made many many times and why its always wrong - now left using the idea to argue for universal basic income.
Jun 18, 2018 ~ Capitalism has not always existed in the world, and it will not always exist in the world. When this country started, we were not a capitalist [nation], we did not operate on a capitalist economy
Jun 3, 2018 ~ Walter Williams, 'Capitalism vs. Socialism' Professor Williams compares and contrasts the results - shows most of what we like was made possible by capitalism - most of what does not work well is done by government
May 15, 2018 ~ Walter Williams, 'Before and After Welfare Handouts'. Williams notes that people were taken care of in both cases - but before people gave willingly because recipients were grateful and did not take advantage.
May 6, 2018 ~ Emmett Tyrrell, 'The Health Care Mountain' - Milton Friedman called it decades ago - knew health care was 'elastic' - If money and time for it are available, patients will keep going to the doctor - no wonder its become unaffordable to the country.
May 5, 2018 ~ New York Times runs piece 'Happy Birthday, Karl Marx. You Were Right' on its pages - Ben Shapiro details how very wrong he was and why he was one of the worst people in human history. 'Marx's philosophy would lead directly to the deaths of 100 million human beings'
May 5, 2018 ~ National Review, 'Guaranteed Bankruptcy' - Bernie and the dems now floating the idea of 'guaranteed jobs' from the government - it would not only bankrupt America faster, it would destroy all necessary market incentives to gain skills, relocate, etc.
May 1, 2018 ~ David Deming, 'The End of Peak Oil' - Fake idea that has been liberal orthodoxy for nearly a century - it has been proven wrong time and time again but they could not let it go and don't understand why its wrong. Steve Moore, Peak Oil is 'Peak Idiocy'.
Apr 29, 2018 ~ Jibran Khan, 'Finland's Basic Income Experiment Comes to a Close' - It should have been obvious that it wouldn't work - Finland's unemployment rate is 9.2%.
Apr 28, 2018 ~ Discrimination and Disparities - new book by Thomas Sowell that shows how so called disparate outcomes are not the result of racial discrimination
Apr 18, 2018 ~ Walter Williams explains 'Accumulative Decay' process by which big cities decline - When schools and services decline, the first people to leave are those who care the most about those things and have means - city must then raise taxes which causes more to leave.
Mar 20, 2018 ~ Philip H. DeVoe, 'Rolling Back Dodd-Frank' - not enough but some of the worst parts of Dodd-Frank are being fixed or removed by the Republicans in charge.
Mar 10, 2018 ~ U.S. Steel to Call Back 500 Employees to Illinois Plant After Trump Announces Tariffs on Foreign Steel
Mar 10, 2018 ~ Economy continues to boom - Blowout jobs numbers, record number employed, manufacturing adds 263,000 since Trump, black and Hispanic unemployment at historic lows.
Mar 10, 2018 ~ CaliBurger creates a burger flipping robot named Flippy that does a better job at it than humans. Created in an environment where minimum wage just hit $12 and is rising to $15. As the minimum wages rise, companies automate to remain competitive, killing those very jobs.