There is a great animated movie, A Bug’s Life, which tells the story of a hard-working group of oppressed Ants and their oppressive “leaders”, the Grasshoppers. From time eternal, the Ants work hard every year growing food but when it comes time for the harvest they must set aside a substantial offering for the Grasshoppers … More Crowding Out
A charlatan is defined as a person falsely claiming to have a special knowledge or skill; a fraud. Synonyms? Quack, sham, impostor, hoaxer, cheat, deceiver, double-dealer, swindler. Take your pick in describing Commerce nominee Wilbur Ross. Mr. Ross is claiming that he, and his soon-to-be new boss, President-elect Trump, are, by edict, going to bring prosperity … More Rise of the Fair Trade Charlatans
Do you live in the United States? Do you pay federal taxes? I realize that excludes many Americans so if you don’t, you can move along, nothing to see here. If you do, you may be interested in what one particular federal government agency, Congress and private unions are planning. Spoiler alert, this one might sting … More PBGC: Government In the Insurance Business…This Can’t Be Good!
President-elect Trump has made several references to and has called out a number of US companies using threats of, “paying a tax at the border if you want to sell your goods in the United States”. This is certainly a new take on the fallacious, centuries old, theory that prosperity can be achieved through forcing … More The Border-Adjusted Tax: War!
Today, we are revisiting the topic of “UBI”, or Universal Basic Income (see my prior post, The Basic Income Guarantee of Failure). The push behind UBI is nothing short of spectacular in size and scope. A search of UBI, not a “new” idea, will list enough results to keep you reading for a while, and … More UBI Revisited
In December of 2015, one year ago, the Fed did something no other Fed board had done in nearly a decade, raise interest rates. It was only a quarter of one percentage point, .25%, but a raise it was. At the same time they announced potentially four additional increases during 2016. Three of those increases … More Yellen Strikes Out Trump
A friend of mine recently had an experience they shared on Facebook. She encountered a woman asking for money, begging, in the middle of the street. At first, my friend drove by but touched, she turned her car around, went back and gave the person five dollars. Beyond the question of why this person is … More Beggars and Bureaucrats