Category Archive: Government’s War on the Poor

Dec 29

An average worker pays $216,000 into Social Security and receives about $300,000 after retirement. This is a 1 % return on investment.

Learn Liberty calculated average likely “returns on investment” upon retirement from Social Security. The Social Security program was launched by the U.S. government during the 1930s with millions of dollars of pro-government propaganda. (Criticism of the program within the federal government was censored.) During the 1980s, Harvard economist Martin Feldstein found that Social Security DECREASED …

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Dec 29

Taxes and government force Hawaiians to flee

From the Wall Street Journal: “Despite being consistently rated as the “happiest state” in the nation, Hawaii is experiencing its third straight year of negative migration. Some 35,000 residents moved to the mainland from 2015-18.” “At 11% the state’s top marginal income-tax rate is second only to California’s. A 2018 study by the Institute on …

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Dec 19

California enacts law against “gig” work in September; hundreds of jobs are lost by December

The American “labor movement” began by spreading awareness of worker health and safety, low wages, and long hours. Today the “movement” is a government-controlled racket typified by pro-government extremism and anti-capitalist ideology. The recent rise of digital communications led to ride-sharing and other “gig” work—which improved the lives of everyone involved. But government views this …

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Oct 27

Mainstream media conceals the primary cause of the deadly Chilean riots: carbon taxes

This week saw major stories in many newspapers about the growth of protests and riots throughout the world. The Guardian published a detailed expose’ of protests in Hong Kong, Paris, Chile, Iraq, Ecuador and elsewhere which suggested the root cause of all these protests was young populations angry about “income inequality.” Reuters published a detailed …

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Oct 26

What really caused the 2014 riots in Ferguson, Missouri? A new study suggests they were fueled by “taxation by citation”

Reason’s Brian Doherty is out with an article on city governments that use “taxation by citation” as major components of their income. Doherty cites a study from the Institute for Justice, “The Price of Taxation by Citation.” The study looked at 3 Georgia cities which derive 14 to 25 percent of their revenue from petty …

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Sep 20

Michigan government makes it harder for hospitals to offer new cancer treatments

Michigan’s government, like governments elsewhere, requires new clinics and hospitals to get government permission before opening or offering new treatments. The State’s “Certificate of Need” Commission determines if a new startup clinic might bring unfair competition to preexisting, entrenched hospitals. (And people wonder why health care costs are so high!) On Thursday, Michigan’s government commission …

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Aug 14

As tax complexity increases, “tax manager” is now the hottest career

The United States grew from a poor fledgling nation in 1789 to become the earth’s most powerful country by the twentieth century. It got there with no income taxes and a very low level of regulatory burdens. But by 2019, the United States is drowning in violent police, regulations, and taxation levels which hover around …

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Aug 14

It has never been harder for the poor to strike it rich

Government regulations are increasingly imprisoning the poor in cages from which there is no escape. An analysis by the Federal Reserve Bank of Cleveland has found that the likelihood of a household rising into the top 10 percent U.S. income bracket from lower brackets has BEEN CUT IN HALF in just the past few years. …

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May 16

Half of Americans are one paycheck from financial disaster

Government policies such as progressive income taxation, central banking and Social Security aggressively punish savers. And year after year, Americans reluctantly submit by saving nothing and investing very little. Now a new Marketwatch report shows that 50 percent or more of Americans are just one paycheck away from serious financial disaster. Roughly two-thirds of households …

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Sep 16

Venezuelan government imposes more minimum wage increases, price controls. Thousands of stores close.

Socialists and government trusters are seeing all of their proposed policy ideas implemented in Venezuela. And the results are predictable. The South American socialist regime has driven out most productive industries. Inflation is way above 200 percent. Starvation and disease are rampant. Basic commodities cannot be found. Millions have fled. Men die in brutal fights …

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