Oct 19
A dominant narrative among socialists, progressives and sociology departments everywhere is that capitalists and the rich are controlling American ‘policy.’ Yet tax receipts tell the opposite story. The poorest 50 percent of Americans barely pay any income tax, while the richest few are forced to pay a majority of all federal income taxes. See here.
Oct 18
From FEE (Foundation for Economic Education) (quoting the Wall Street Journal): During the 20 years before the War on Poverty was funded, the portion of the nation living in poverty had dropped to 14.7% from 32.1%. Since 1966, the first year with a significant increase in antipoverty spending, the poverty rate reported by the Census …
Oct 13
A new study predicts that 40 percent of “middle class” Americans will likely live in poverty in their later years. Social Security and Medicare both incentivize Americans to save less, work less, and invest less. Harvard studies (which are likely quite conservative) suggest that Social Security alone caused the U.S. to be at least 3 …
Oct 13
Agency deletes and publishes ‘correction forthcoming’ statement after being caught (yet again) by data analyst Tony Heller. The National Snow and Ice Data Center (NSIDC) is a massively funded government institution in Boulder, Colorado. It receives funding from the University of Colorado, NOAA and NASA. For years the “data center” has put out a series …
Oct 10
The U.S. Postal Service is an unconstitutional monopoly which charges more than twice what a private firm would charge, yet which loses billions of dollars annually. The government postal “service” has every possible market advantage, yet can’t seem to operate profitably. The U.S.P.S. pays no corporate, income, or property taxes and owns some of the …
Oct 10
Each year Gallup polls Americans on their level of confidence in various institutions. Just 11 percent of respondents expressed confidence in Congress, which has ranked at the bottom for several years. Also ranking near the bottom are TV “news” organizations (with just 20 % of Americans expressing confidence), the criminal justice system (earning the trust …
Oct 02
The requirement that people must obtain a government license before working in a given profession is often promoted as a public safety device. But the strongest proponents of licensing rules are often the entrenched good ol’ boys who already occupy the industry. In many licensing schemes, one must apply to ONE’S OWN COMPETITORS who sit …
Oct 02
The crazed, powermad dictator of Turkey, Erdogan, has asked the public to report any unfair price hikes in Turkish stores. Government marauders will then raid the stores, taking the inventory, said Erdogan. See here. Predicted headline next month: “Hundreds of Turkish retailers close.”
