A shocking new study shatters sacred myths of government trusters. Some 11% of Americans will join the Top 1% for at least one year during their prime working lives, according to research done by Thomas Hirschl, a sociology professor at Cornell University. But only 5.8% of the 1% will be in the 1% for two …
January 2016 archive
Jan 06
63 percent of Americans are one paycheck away from homelessness
If you save anything in modern America, you are an utter fool. Government policies, such as near-zero Fed interest rates, massive and growing levels of taxation and regulation, and increasing government barriers to entering most careers have hollowed out the financial strength of the American working class. New figures show that 63 percent of Americans …
Jan 06
Americans say government is their biggest problem again
Gallup has been asking people about the biggest threat to their lives and livelihoods every month for some time. For the past two years, a vast majority have said they view government as their greatest problem. See here. When Gallup asked Americans what troubles them most and is the chief threat to our way of …
Jan 05
In Effort to Strip Private Citizens of Guns, “Liberal” President Moves to Strip Mental Health System of Confidentiality
Every government ultimately comes for all freedom, all property, and to kill all who resist. For centuries, the law has recognized physician-patient confidentiality. Doctors who snitch on their clients or who disseminate private, confidential information regarding their patients have faced professional penalties. Now, in the never-ending quest of government to strip the private sector of …
Jan 03
It Appears that China may be Kidnapping or Killing Hong Kong Booksellers
Shocking story from Hong Kong, one of the freest countries on earth. For a century, Hong Kong was a British colony. It has a British style court system (complete with jury trials), protections for property rights, and relatively free markets. Hong Kong attracted millions of ethnic Chinese who fled the mainland. Over time, the average …
Jan 01
Federal Trade Commission Issues Guidelines Purporting to Regulate Ads that Appear too much like News
Every government ultimately comes for all freedom, all property, all money, and to kill all who resist. The Federal Trade Commission, whose jurisdiction is supposedly limited to . . . well, ‘trade,’ has just published new “native advertising” guidelines for print and digital publishers. See here. The guidelines purport to try to regulate the publication …
Jan 01
Puerto Rico’s Economic Collapse Followed its Tax Hikes on Corporations
The U.S. has the world’s highest corporate tax rates, driving many corporations overseas and preventing others from ever starting. Yet “progressive” politicians continue to demand that corporations be taxed even higher. Puerto Rico’s economy provides a vivid illustration of what happens when a government hikes corporate tax rates. Puerto Rico is in default on its …
