In every industry, free markets lead to higher quality goods and services, greater abundance and lower prices. Government control of industries, however, creates ever-higher prices, stable-or-worsening quality, and scarcity. U.S. life expectancy has risen steadily for decades, as market innovation has spread. But now, advances in innovation have stalled as government pours on the regulations. …
Category: Government’s War on the Poor
Nov 03
New York City homeless levels are at all-time high
Government overcriminalization, regulation and licensing requirements have taken a severe toll on America’s poor. After years of socialistic rule, New York City finds its homeless population is at an all-time high. See here.
Nov 03
Overpaid government ‘workers’ are bankrupting major cities
America has moved toward becoming a feudal society like the tyrannical fiefdoms of yesteryear, with private households mired in poverty, debt and hopelessness while those in government live like kings (pun intended). The average federal ‘worker’ is paid about twice what a worker in the private sector would make doing the same type of job. …
Oct 26
“Affordable Care Act” incentivizes poverty
“If you like your current plan, you will be able to keep it,” said President Obama. “Let me repeat that: If you like your plan, you will be able to keep it,” he said. This week, the Kaiser Family Foundation released an analysis of the Obamacare insurance exchanges that indicates there will be five states …
Oct 24
Growing numbers of poor Americans find retirement elusive; they must work till they die
Sad story from the Associated Press. America has become a two-tiered society, with those in power pampered in luxury while those without government positions live lives of poverty. For years, the U.S. government has punished savers, entrepreneurs and investors. Social Security, for example, takes money from people’s paychecks during periods when they most need money …
Oct 14
Starving Venezuelan prisoners kill, dismember and eat a fellow inmate
Socialism is a curse that should be wished only on a hated enemy. As Venezuela plunges deeper into socialist terror, poverty and malnutrition, there are now reports that 40 Venezuelan prisoners killed, dismembered and ate an inmate. See here.
Oct 09
Poorer households suffer more from government regulations than do richer households
A new study finds that poorer households spend a higher proportion of their incomes on more heavily regulated goods. Consequently, the costs of regulations falls disproportionately on the poor. See here. The study, entitled “How Do Federal Regulations Affect Consumer Prices? An Analysis of the Regressive Effects of Regulation,” was authored by Dustin Chambers and …
Oct 09
7 in 10 Americans have less than $1,000 in savings
If you save anything in modern America, you are an utter fool. The U.S. government has been punishing savers for years. A variety of government programs punish savers: For example, near-zero percent interest rates (which disincentivize saving and incentivize borrowing), and the Social Security and Medicare programs (which incentivize early ‘retirement,’ and convince millions of …
Oct 02
Minnesota medical insurance poised to skyrocket in cost
The “Affordable Care Act” was enacted by Congress in 2010 with claims that it would bring average savings of $2,500 per year per household. It has actually caused health care prices to explode faster than Medicare and Medicaid did. In Minnesota, average premium prices are set to increase by 50 % to 67% in 2017. …
Sep 29
The percentage of Americans identifying as “middle class” has plummeted
An economy may be measured in many ways. But the percentage of Americans who say they are in the middle or upper-middle class has fallen 10 percentage points, from a 61% average between 2000 and 2008 to 51% today. See here. The reality is even worse: only 20% of American households actually possess the income …
