After a recent meeting between the President and a group of bankers, news sources reported that the President and the bankers agreed on essentially one thing: That they need each other. Actually, in a free market, businesses would not need … Continue reading
Under capitalism, I work for myself and you work for yourself. Under socialism, I work for myself — and for you. Under socialism, you work for yourself — and for me. Wait a minute. If each of us works either … Continue reading
The President and Congress are proposing elimination of the mortgage deduction on “rich” homeowners. In exchange, they’re going to essentially nationalize the banks and the entire mortgage market. They also propose elimination of tax deductions on those who pay for … Continue reading
Q: Why is it that people believe that the government can never be wrong, but business will always be guilty? A: Most people don’t have a philosophy of government as either “good” or “bad.” In most people’s minds, government simply … Continue reading
A crisis–even a catastrophe–does not necessarily mean the end. It can mean the end, but it doesn’t have to mean the end. For an individual, or a society, so long as you are still alive, and so long as you … Continue reading
How does bankrupting the government replenish the wealth of the nation?
The Wall Street Journal recently wrote: “As a thought experiment, let’s go all the way. A tax policy that confiscated 100% of the taxable income of everyone in America earning over $500,000 in 2006 would only have given Congress an … Continue reading
I’m the first one to criticize our politicians. But the way things are set up today, it’s inevitable that ALL of them must look stupid. By “set up today” I am referring to the false assumptions most people hold about … Continue reading
I read that California’s state government is so bankrupt that it may go into federal receivership, with the U.S. government bailing it out. This will be a first in American history. California’s politicians act as if they are victims of … Continue reading
Everyone who thinks our national leaders are actually good people, please raise your hands. You don’t have to think they’re evil; merely bad, or mediocre. My point is this: A nation whose government is run by mediocre or bad people … Continue reading
“This is America. We don’t disparage wealth,” Obama said. “But what gets people upset, and rightfully so, is executives being rewarded for failure … ” He might as well be saying: “We like wealth. We just don’t like the people … Continue reading
I find the controversy over limits on executive pay interesting. I don’t care to argue either for or against limits on pay to executives who receive government funds. My argument is that in a free society, no business should receive … Continue reading