Author's posts
Jun 27
Obamacare is already causing massive damage to American productivity.
As many economists predicted, the passage of Obamacare is significantly limiting American productivity and prosperity. “Because of Obamacare,” writes Larry Kudlow, “there’s an additional 0.9 percent Medicare tax on salaries and self-employment income, a 3.8 percent tax increase on capital gains and dividends, a cap on health care flexible spending accounts, a higher threshold for …
Jun 26
IRS Continues to Obstruct Justice: “Separation of Powers” Remains Broken.
Under James Madison’s constitutional theory, the separate branches of government would “check” each others’ powers by applications of their own officers’ rival jealousies. For example, legislators can cut the budgets of the executive branch when executive-branch officers overreach. In practice, such “checking” almost never happens, because all three branches have learned to share in common …
Jun 25
U.S. Supreme Court conceptually rewrites Obamacare law in order to uphold it.
It is a frequent criticism of judges that they are “activists”–politicians in judicial clothing. The reality, however, is that the judiciary is amazingly passive and tends to bend over backward to uphold the ridiculous, unconstitutional, and intrusive measures and enactments of the executive and legislative branches. Today, June 25, 2015, the U.S. Supreme Court upheld …
Jun 24
Study demolishes the myth of multi-generational inherited wealth
Government trusters and advocates of violent redistribution of wealth frequently claim that the superrich are hoarding and amassing inherited investment wealth at rates that surpass the upward mobility of working classes. For example, government-trusting economist Thomas Piketty made such a claim in his book Capital in the 21st Century (2014). Piketty argued that economic inequality …
Jun 24
“Five years of wage cuts, tax increases and record unemployment”: Greeks awaken to a New Normal of ever-higher taxes and slavery to pay for their welfare state
Socialism is a curse that should be wished only on one’s enemies. Every society that embraces it will ultimately become sick and weak. Greeks are now learning the lesson that years of socialized medicine, welfare, security entitlements and big government must be paid for. The Greek people mortgaged their children’s future a generation ago, and …
Jun 22
“Americans With Disabilities Act” LOWERED the percentage of disabled with jobs.
The Americans With Disabilities Act (ADA) was passed in the early 1990s and signed into law by President George H.W. Bush. The law was passed with claims that it would help get people with disabilities gainfully employed. But years later, we learn that the Act had the opposite effect. Employment of men with disabilities fell …
Jun 22
Research Problem: Can Anyone Devise a Method to Test Whether Medicare and/or Social Security Have Negatively Impacted General Health?
by Dr. Roger I. Roots A previous post on the fact that today’s senior citizens are generally sicker (but longer-living, due to medical advancements) than their predecessors got me thinking. Can this increased level of sickness and chronic illness among today’s populations be partially attributed to Medicare? Or to Social Security? This is not as …
Jun 22
An Explosion of Wealth and Prosperity in Latin America? Low Tax Rates are Slowly bringing Latin America into the First World
Even as the West is careening toward socialism and forced redistribution, some Latin American countries are increasingly seen as low-tax havens. And the numbers of wealthy Latin Americans is growing rapidly. A June 21, 2015 story in Yahoo News detailed the fascinating growth of the super rich in Latin America. Mexico and Brazil, for example, …
Jun 22
Senior citizens are increasingly sicker, but living longer at others’ expense
On June 10, 2015, the USA Today printed a front-page feature article about the health of America’s seniors. The story reported that “15 % of seniors account for nearly half of Medicare spending.” And one amazing fact stood out: The seniors of today are generally sicker than predecessors, measured by numbers of illness diagnoses. Fully …
Jun 19
In Greece, Savers are Scrambling to get their Money out of Banks
Greece, like the United States (and most other countries) has a government that has been spending beyond its means for decades. As Greece’s government has promoted an extravagant welfare state, fewer Greeks have started businesses, or worked industriously. Now Greece is nearing (another, more severe) defaulting on its promises to the central banks of Europe. …
