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Tag Archives: economics

Kill the IRS, Kill the income tax, Reason interviews Grover Norquist (Video)

I have to admit that taxes annoy to me generally, though I pay them dutifully with a smile on my face. But the income tax makes want to expel bile. Why should the government tax productivity? If one is trying to pay for a home, cars, sending the kids to college, trying to start or grow a business, why would we layer a giant bill on top of these efforts? Why would we reduce people’s ability to make their particular corner of the world better?

Because we need to wage global wars? Because agriculture needs more subsidies? Because government employees need even more lavish pensions? Because we must wage a federal war on drugs? Because corporations need more welfare. Because the gainfully employable need more welfare? Because we need to fund massive bureaucracies which are only really interested in protecting their interests and making life hell for the people they “regulate?” Because we need to fund an unbelievably inefficient healthcare system which operates in a socialist la la land of pricing? Because we need to fund Social Security because people have spent their lives being over taxed and so haven’t been able to save for retirement? And so on.

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Tom Woods Show: What Fascism Is, and Why It Isn’t Just a Name for Everything People May Oppose

I actually don’t agree with the framing of the term “fascism” here. I think Professor Gottfried defines the term too narrowly and that the term “fascism” has expanded – legitimately – beyond simply the name of the Italian post World War 1 futurist political cult. Gottfreid also holds pretty closely to the 20th Century Left-Right continuum which for the most part I reject.

Saying these things the attached podcast is a very informative discussion and we would encourage our readers to explore Tom’s other podcasts which are equally as good. Woods is what my old astronomy instructor would call “a first-class mind.”

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DHS to open shop in Silicon Valley, Wants to “partner” with tech firms

So I wonder what happens if the tech firms don’t want to partner with the Department of Homeland Security?

The statists are unrelenting. They want government in every nook and cranny of human life.

And I just want to say a special “Thank You” to all the Republicans who helped craft DHS, and the Patriot Act, and the NDAA. Thank you for not standing for small government, panicking, and throwing the Constitution under the bus. The Dems helped too. They are very much to blame. But it was the Republicans which were in control when the surveillance state bloomed.

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Fat Cat de Blasio vs. New York’s Poor and Middle Class

Bill “I literally honeymooned in Cuba” de Blasio is a man who has long loved the state. His generous pay comes from taxpayers and long has. He has spent a career in the crony bubble. The New York City crony bubble at that.

His economics are ludicrous. His politics equally so. Of course the 2 tie in together.

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Prison labor company features promo video touting “BEST-KEPT SECRET IN OUTSOURCING”

Get this, the company is called UNICOR. Didn’t the scientist in Terminator 2 work for that company? Or maybe it’s the company in Robocop. Whatever. If you want your call center needs met at “offshore prices” time to team up with the prison workforce experts.

These people work for below minimum wage, and likely below the natural wage rate too, because they are locked up in prison. The taxpayers pay to house these folks, who then are employed for pennies an hour. (Prisoners earn between .23 and $1.15/hour.) Basically it’s a subsidy to the clients of UNICOR.

That this arrangement provides incentive to incarcerate people is pretty weird too.

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McDonald’s hires 7,000 touch-screen cashiers (at $0 an hour – *story from 2011)

This story is from CNET circa 2011 about McDonald’s in Europe. But it is pertinent to the minimum wage debate in the USA now.

 

I understand why people want $15/hour for fast food work. Life is hard. Fast food work is hard. (Anyone who thinks it’s easy should try working at a Burger King for an afternoon, or better the lunch rush.) It stinks to struggle every day in a hard job and then barely make (modest) ends meet. Trust me I understand.

But the reality of the market says that fast food work (in most places) is worth less that $15/hour. It sucks, but that is reality. And just to be clear, I say this as someone who has hustled in life. (Most of us have at some point.)

The whole $15/ hour thing is just encouraging the robotization of the workforce.

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Rapid Rise in Super PACs Dominated by Single Donors (List of the top in 2014)

Super PACs can spend whatever they want on ads, etc. so long as they do not coordinate with any specific candidate. They are a direct result of the Citizens United decision, of which we don’t have much of a beef. It’s way harder to buy elections than people think, and given the number of people entering the race for president (on the Republican side anyway) the current political money regime may actually be broadening the issue spectrum.

Saying this, we have an obligation to pay attention to who is throwing money around. Though it is hard to buy an election that doesn’t mean people won’t try.

Here is a list of the top “single donor super PACs” of 2014.

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Former Maryland Gov explains that the idea that crony capitalism hurts the poor and middle class is “bull—-“

Governor O’Malley it should be noted wants to be the president of the United States of America. Though he has not officially announced he may challenge Hillary Clinton for the Democratic nomination.

Consider for a second how flatly ignorant this statement is;

“But it is not true that regulation holds poor people down or regulation keeps middle class from advancing. That’s kind of patently bullshit.”

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