Bashing the rich is all the rage these days. In a clear appeal to envy, Democratic leaders are trying to outdo each other with escalating bids on how much of rich’s wealth should be stolen by government.
In one tweet, Elizabeth Warren called out a billionaire NFL owner for paying $100 million for a “superyacht,” insisting that instead he should be paying Warren’s proposed “Ultra Millionaire Tax” to those less wealthy.
President Obama’s Car Allowance Rebate System (CARS), more popularly known as “Cash for Clunkers,” is now a decade old.
Diane Swonk says the 20,000 payroll number for February was a head fake. She blamed bad weather, the government shutdown, and other gobbledygook to explain away the 160,000 job miss for the year’s shortest month.
According to Michael Snyder, in a piece posted on Zerohedge.com,
By the end of March, Presidents Donald Trump and Xi Jinping are scheduled to meet at a formal signing ceremony to ratify a historic trade agreement between the world’s two largest economies . It has been one long year since the United States fired the first salvos in the trade war, leading to months of tit-for-tat tariffs, endless deliberations, and investors riding their hopes up and down with every little report, comment, and analysis.
People value present goods more highly than future goods. For instance, an apple available today is considered more valuable than the same apple available in, say, one month. This is expressive of time preference — which is an undeniable fact, a category of human action.
The sentence “Humans act” is a logically irrefutable truth. It cannot be denied without causing a logical contradiction. By saying “Humans can not act”, you act and thus contradict your very statement.
In most countries, numerous government welfare programs provide benefits (often means-tested) to eligible recipients. Whether these payments arise from unemployment compensation, child tax credits, old age pensions, or a myriad of other programs, the outcome is the same: recipients receive guaranteed payments. The ultimate goal of many poverty warriors is a Universal Basic Income (UBI), often promoted as a supposedly cheaper alternative to the numerous welfare programs it is intended to replace.
With the gilets jaunes (yellow vests) protests raging for more than three months, the European Union’s viability as a political entity has come into question.
Indeed, the EU has gone through a whirlwind of economic and political upheavals since the eurozone crisis of 2009. In 2016, the EU experienced a political earthquake when the Brexit referendum occurred, and British voters decided that it was time for the UK to leave the EU.
On October 17, 2018, recreational marijuana was legalized in Canada, ending 95 years of prohibition. For those who believe, as I do, that individuals should have the freedom to determine their own consumption, this is good news. However, I am not congratulating Prime Minister Justin Trudeau’s Liberal Party for making good on a campaign promise made three years earlier. Instead, I point out the inconsistency of not applying their rationale for pot legalization to the legalization of all drugs.
According to the Modern Money Theory (MMT), money is a thing that the State decides upon. Following the ideas of the German economist Georg Knapp, the MMT simply regards money as a token. For instance, when an individual places a coat in the cloakroom of a theatre, he receives a tin disc or a paper receipt. This receipt or a disc is a proof that the individual is entitled to demand the return of his coat. The token was labeled by Knapp as chartal or a pay token.
