Massive New Study finds UBI makes Households POORER California. December 2024. A massive government-funded study of Californians who received “universal basic income” (UBI) finds that the program did little to help poor households. The study was conducted by the National Bureau of Economic Research. While being given ~$500 per month in free money, participants only …
Category: Government’s War on the Poor
Jan 21
Government Regulations make it Illegal to help the Homeless
Ohio pastor criminally charged for offering shelter. The modern cult of the omnipotent state produces multitudinous inequities. Modern government regulations require licenses, certifications, and permits to offer any services to anyone. Zoning laws prohibit a facility designated as a one-bedroom home from partitioning a living room into two bedrooms, and prohibit facilities from offering lodging …
Oct 08
Government regulations are making Americans poorer
Americans grew richer with every generation. Until the last decade. Economist Peter St. Onge reports that half of young Americans are now living with their parents for economic reasons. Cars on the road have never ben older and now average 12 years of age. One of the most important measures of human wellbeing is interior …
Jul 22
“Complete Collapse”: Government “ESG” Policies Destroyed Sri Lanka’s Economy in ONE YEAR
There is an ancient common law rule of corporate management that corporate directors must seek profits over any other concerns. But global elites and governments around the world have spent years trying to force businesses to obey government commands regarding environmental, social, and governance (“ESG”) concerns rather than profits. But ESG policies seem to bring …
Oct 28
Americans are fleeing big cities by the thousands
America’s most socialist cities have been losing residents for years, as people flee life-crushing regulations, policing and taxation. But 2020 has seen this mass exodus increase significantly. Chicago’s change-of-address postal notices more than doubled over last year’s for the period from February 1 to August 1; New York City’s are up 490%; San Francisco’s up …
Jun 18
Government shutdown orders will likely doom most small restaurants
TOWNHALL columnist Ellie Bufkin warns in a recent column that a majority of small independent restaurants will not survive the government’s COVID-19 lockdowns and shutdowns. “Simply put, keeping six feet apart at all times with half the dining room closed is a practice that is mutually exclusive of financial survival for any restaurant.” A new …
Jun 18
Millions of Americans skip loan payments as government COVID orders take their toll
The Wall Street Journal reports that 79 million student loans are now going unpaid after the government forced large segments of the population into poverty and unemployment. Auto loans in some type of deferment doubled to 7.3 million accounts. Personal loans in deferment doubled to 1.3 million accounts.
Jun 07
Was the government’s COVID-19 response the biggest transfer of wealth in history?
Government Made the Rich Vastly Richer; Impoverished Millions of Others Jim Cramer, host of CNBC’s “Mad Money,” stated on June 4 that The coronavirus pandemic has produced “one of the greatest wealth transfers in history.” “This is the first recession where big business … is coming through virtually unscathed,” even as 21 million Americans are …
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 …
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 …