Category Archive: Government’s War on the Poor

Dec 10

Hundreds of thousands flee socialist Venezuela, to start over with nothing.

Socialism is a curse that one should wish only on a hated enemy. Governments invariably promise cradle-to-grave safety, support and security but deliver only violence, misery and impoverishment. Yesterday’s New York Times detailed how Venezuelans in need of medicine must suffer early deaths or flee to other countries for survival. They were promised government (‘single …

Continue reading »

Nov 16

The world’s richest 1 % now own half the world’s wealth due to overregulation

Government regulations are essentially a wealth redistribution program from the poor to the rich. Those in poverty increasingly find themselves trapped by licensing and other regulatory barriers. In the 1950s, only one in 20 U.S. workers needed the government’s permission to pursue their chosen occupation. Today, that figure stands at almost one in three. See …

Continue reading »

Nov 12

The cycle of poverty under total government

Michael DiFrancesco, a 22-year-old man from Bozeman, Montana, never had a chance. In 2009, DiFrancesco was convicted of being a minor in possession of alcohol and fined $185. He was ordered to pay for and complete a substance abuse course, neither of which he could afford. DiFrancesco’s driver license was later suspended due to the …

Continue reading »

Oct 23

U.S. Life Expectancy Declining under Cradle-to-Grave Government

by Roger Roots, founder of Lysander Spooner University Governments want their subjects sick, weak, scared and dependent. Every generation of Americans has seen its life expectancy improve. Until now. A new Bloomberg News report finds that Today’s Americans are retiring later, dying sooner and sicker in-between. Social Security alone has incentivized millions of Americans to …

Continue reading »

Aug 27

Only 19 percent of wage gains from minimum wage increases go to families in poverty

Trusters of government often claim that government-imposed minimum wages help the poor. But research has shown that minimum wage laws harm the poor by completely locking them out of the bottom rungs of the economy. Minimum wage laws cause unemployment rates to increase, especially among the poorest and most desperate Americans. Only 19 percent of …

Continue reading »

Aug 24

77 percent of Americans live paycheck to paycheck.

Whenever government expands, people become impoverished, dependent, sick, weak, diseased, trapped, and less mobile in every sense. CBS Moneywatch has released a report indicating that “[a]lmost 8 out of 10 American workers say they live paycheck to paycheck.” Government taxes, regulations and central banking savagely punish savers, so most Americans save little or nothing. Studies …

Continue reading »

Aug 09

Venezuelan minimum wage was raised 108,000 % in 20 years, yet today, “Anyone in Venezuela would be happy to eat out of American trashcans”

Venezuelan economist Raefael Acevedo recently addressed the Mises Institute. See here. Between 1999 and 2017, said Acevedo, the Venezuelan minimum wage was raised 38 times: a 108,000 % increase. Yet “[a]nyone in Venezuela would be happy to eat out of American trashcans.”

Jul 26

Government’s War on the Poor: More than 1/3 of Households have No Savings

Government policies punish savers so much that it is utterly foolish to save even a penny. Near-zero interest rates. “Social Security” payroll taxes. Medicare and Medicaid. Obamacare. Market-entry barriers such as occupational licensing laws. Government policies incentivize Americans to work less, build less, create less, save less, be unhealthy, sick and weak. “Nearly 20 million …

Continue reading »

Jul 09

IRS accused Texas bridal shop of “structuring” deposits under $10,000. When the owners resisted, the IRS shuttered the store, seized all inventory and “auctioned” it off for pennies on the dollar

Astounding story of a small bridal shop in a suburb of Dallas. See here. It seems that the IRS accused the shop’s owners– Tony Thangsongcharoen, 68, and his wife, Somnuek Thangsongcharoen, 72–of “structuring”: making bank deposits just under $10,000 to avoid federal “reporting requirements.” The IRS shut down the small business and quickly held an …

Continue reading »

Jul 05

Seattle’s experiment with the $15 minimum wage results in greater poverty, unemployment

Three years ago, the city of Seattle voted to raise its minimum wage to $15 per hour. As usual, government-trusters promised that the minimum-wage increase would lift the poor out of poverty. But a new study by the University of Washington’s School of Public Policy and Governance finds the opposite. The study concludes that there …

Continue reading »

Older posts «