This is I guess looking at very broad and large categories. I didn’t see lobbyist/crony on the list and they on average probably do better than doctors. At least in DC.
I’d bet the real number is a good deal larger than 300,000.
All the taxation and regulation of California without the sunshine and palm trees.
Guess you guys were Born to Run.
“How much longer you reckon till we hit a state with a pro-business climate Ma?” “I don’t know son. I don’t know. Just get us out of California.”
Joburg is one of the great cities of the world. But it has long been very poorly run. Now a bit of hope.
Excellent article! But look who wrote it!
In his Washington Post article, Summers argues for capitalism operating under a rule of law that applies to everyone, not a capitalism that is based on “deals” with government. We agree. The only problem is that coming from Summers it is the height of hypocrisy.
Summers favors policies that put government more and more in control of the economy, which is a sure recipe for crony capitalism.
One of the key components of being a truly astute political and economic observer is the ability to look beyond the immediate, to consider the “unseen.” Often policies that appear good aren’t good at all. But it takes some mental work to see the previously unseen.
As we’ve said before – there will be wins and losses with Trump.
This video only scratches the surface.
And it’s not exclusively government power that is expanded. Bureaucrats also use language to expand the crony capitalist system as a whole.
The minimum wage debate is one we’ve covered closely here at ACC. One of the primary reasons is we know that a significant increase in the minimum wage above the market rate for unskilled labor will result in job losses. No one wants job losses.
But even though a significant minimum wage increase would pretty obviously put some people out of work, reduce hours for others, and force some businesses to just close up shop, there are those who have continued to push for a higher wage.