The Fed will always be able to stop a crash. Just like how the prices of houses always go up?
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.
I love that Politico says that we are in “at least 5″ wars. You know, because maybe 1 or 2 aren’t really wars technically, or the American public doesn’t really know about them, whatever. At least 5.
Clinton Cash is certainly making an impact. It is quickly becoming the most important book of the year and it hasn’t even come out yet.
The number of sweetheart deals the Clintons have been a part of is staggering. From Chelsea’s unbelievable “job” at NBC News, to the string of $250,000 1 hour speeches, to deals like the one detailed below, it is extraordinary.
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.”
(Update: I changed the headline of this post because it was very close to mean spirited. We try to avoid being that way here.)
Pot is not harmless. It is a drug. It impairs one’s senses (or at least skews them). People can become psychologically addicted to pot. (But not physically.)
However it should be legal for probably hundreds of reasons, not the least of which being that no one has ever died from an overdose of cannabis.
Many millions of people have died however from eating too much sugar, and fat, and bread Mr. Governor.
For everyone out there with an unfailing faith in the state – we know there are a few of you left – read this.
The neoconservative casino magnate has got big bucks and he’s ready to roll the dice. Actually dice is probably not his deal. Adelson knows that the real money is owning the casino not playing the game.
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.
Just call Jeff Immelt CEO of GE “The Breeze.” He seems to go wherever the crony winds blow. Buddies with Obama. Buddies with Hillary. Killing light bulbs. Getting renewable energy subsidies. Getting bailed out in 2008 when GE Financial got caught with its pants down.
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.
There is no bigger polluter than government. The greatest environmental disasters of the last century are all pretty much either directly as a result of government action or knock on effects of government action. Yet so many environmentalists continue to have faith in the state.
The greens need a wake-up call.
The American people have consistently rejected union coercion across the country. Right to Work laws haven’t gained traction simply because a group of anti-union CEOs have wanted them. Right to Work laws are supported to a very large degree by voters. There is no reason why any place of business should ever be a “closed shop.” Workers shouldn’t have to pay union bosses for a job. Never mind that the businesses aren’t owned by the unions, so why should unions determine who can be hired anyway?
But in the face of this rejection the unions have resorted to enlisting the bureaucrats in DC.
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.
Tim Carney is our colleague at AEI. He has long done excellent work on crony capitalism.