I’m going paperless. Specifically, I’m asking my banks and other financial institutions to stop sending me paper statements I can more easily obtain online. Yes, in a sense I’m “going green.” Am I doing this to save these businesses money? … Continue reading
Not long ago I read Harry Truman’s biography. I don’t like his politics of social welfare statism, although by the standards of even today’s Republicans, he looks like Thomas Jefferson. I will always be grateful to Truman for doing what … Continue reading
“Workers of the world, unite!” used to be a rallying cry for employees to have safer and cleaner working conditions. Today, the updated version of this sentiment is for workers to have ever-expanding benefits and income even as the company for which … Continue reading
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