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Keyword: economics

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  • The "radical" case for abolishing student debt

    02/13/2018 10:15:29 AM PST · by Oldeconomybuyer · 52 replies
    CBS "News" ^ | February 13, 2018 | By AIMEE PICCHI
    The GOP tax bill is providing a $1.5 trillion windfall, which will mostly be enjoyed by the rich and corporations. But what if there were another way to spend that money that could benefit more middle-income Americans while eliminating some of the country's inequalities? Look no further than getting rid of America's student debt, argue researchers at Bard College's Levy Economics Institute. They examined the potential impact of canceling the $1.4 trillion in student debt that 44 million Americans are carrying. Erasing it would be a "radical" solution to the student debt crisis, but it would pay off in bountiful...
  • Mass Immigration Hurts Black America the Most

    02/05/2018 1:40:12 PM PST · by Thalean · 9 replies
    National Economics Editorial ^ | Feb 5, 2018 | Spencer P Morrison
    "There’s no such thing as a free lunch." In the nineteenth century American bar owners offered free lunches as a way to attract noontime patrons. Inevitably, the diners would get thirsty, and buy expensive drinks—they paid for their lunch one way or another. Thus the above expression. Prosaic though its origins may be, the phrase captures a deep and omnipresent truth: everything has a price, an opportunity cost, a trade-off. This is true of lunches, and it’s true of America’s immigration policy. Despite what The Economist claims, immigration does not benefit everyone—there are winners and losers. In America’s case, the...
  • The profitable business of selling to the hard-up

    02/05/2018 9:28:04 AM PST · by rightwingintelligentsia · 37 replies
    The Economist ^ | January 25, 2018
    “THEY want to build one every four miles,” says the cashier at Dollar General, a discount shop, in Lewisburg, a small town in the rolling hills of central Tennessee. Situated on a big parking lot, next to a provider of payday loans open 24 hours a day, a supermarket chain called Priceless and Dirt Cheap, another southern chain of discount shops flogging the unsold or returned merchandise of other retailers, the shop is one of three Dollar Generals in Lewisburg. Tennessee is the home state of Dollar General, which in recent years overtook its rivals to become the retailer of...
  • A Reflection on "What Leftists Don't Understand About Economics"

    01/28/2018 11:49:41 AM PST · by huckfillary · 9 replies
    Artful Dilettante ^ | January 28, 2018 | Artful Dilettante
    My comments are in response to an article which appeared yesterday entitled, What Leftists Don’t Understand about Economics, by Daniel Carter, of Investment Watch. Link below. Where do you want me to start? Liberals and their philosophical/political brethren understand little if anything about economics, and even less about the principles of Natural Law and Natural Rights which underscore free-market capitalism. Volumes have been written about Natural Rights beginning with Thales of Miletus in the 6th century B.C. He and the Seven Sages of Miletus, rather than the later Greeks Plato and Aristotle, are credited with giving philosophical birth to the...
  • What Leftists Don’t Understand About Economics

    01/27/2018 2:29:53 PM PST · by davikkm · 29 replies
    IWB ^ | Daniel Carter
    Much has been said recently about California becoming the most impoverished state in America. California has diminished the middle class so badly that one in four people are now living below the poverty line. The leftists have done this with the big government policies (I.e. high taxes and lots of regulation) they claim are good for the working class. When Trump slashed business regulations and lowered taxes for working people and corporations on the federal level, the left cried out that it was “trickle-down” economic policy. Sadly, “trickle-down” is essentially the only economic concept they know. Leftists in California, and...
  • Illegal Immigrants Send $38 Billion Abroad Via Remittances—A “Hidden Tax”

    01/23/2018 1:09:48 PM PST · by Thalean · 26 replies
    National Economics Editorial ^ | Jan 23, 2017 | Spencer P Morrison
    Imagine the worst possible tax you can think of. What would it look like? If you’re like most people, you thought of some fat, curly-haired king sitting in a palace spending your money on foppish garments and a harem of French harlots. That’s a bad tax. No doubt about it. But at least he’s (presumably) your king, and he’s spending the money in your country. Eventually you will see that money again, no matter how frivolously he spends it. I can think of a worse tax: pretend the above situation’s exactly the same in every respect except now he’s not...
  • The New York Times is Wrong—Immigration Won’t Make America Great Again

    01/15/2018 2:33:48 PM PST · by Thalean · 25 replies
    National Economics Editorial ^ | January 14, 2018 | Spencer P Morrison
    In 1014 AD the Byzantine Emperor Basil II defeated the Bulgar hordes at the Battle of Kleidion. To ensure the Bulgars would never again rise up against him, Basil blinded the survivors—leaving every hundredth man with a single eye. The one-eyed led their brothers home, but mostly the blind led the blind. How many Bulgars were separated from their kin on their anabasis? How many died in the Thracian wilderness—food for worms and wolves? A hand slick with blood loses its grip, and in the frantic search for fingertips a dozen followers are led astray. Those behind don't panic. They...
  • Corporations may dodge billions in U.S. taxes through new loophole: experts

    01/12/2018 10:30:06 AM PST · by Oldeconomybuyer · 19 replies
    Reuters ^ | January 12, 2018 | by David Morgan
    WASHINGTON - A loophole in the new U.S. tax law could allow multinational corporations like Apple Inc to avoid paying billions of dollars in taxes on profits stashed overseas, according to experts. Stemming from a Republican overhaul of international business taxes, the loophole involves the tax rates - 15.5 percent or 8 percent - that companies must pay on $2.6 trillion in profits they are holding abroad. By manipulating their foreign cash positions, a determining factor under the new law, a U.S. multinational could potentially save money by shifting profits to the lower rate from the higher one, according to...
  • Two Iranian Protesters Killed in Anti-Government Demonstrations

    12/31/2017 7:21:04 AM PST · by Kaslin · 7 replies
    Townhall.com ^ | December 31, 2017 | Timothy Meads
    Two Iranian anti-government protesters have been killed, after three straight days of demonstrations against economic unrest and the Islamic regime. According to Fox News, these deaths come after the Iranian government warned its citizens that anybody who participated in an "illegal" gathering “must be responsible for their behavior and pay the price." "On Saturday evening, there was an illegal protest in Dorud and a number of people took to the streets responding to calls from hostile groups, leading to clashes,” said Habibollah Khojastehpour, the deputy governor of the western Lorestan province, according to Sky News. “Unfortunately in these clashes two citizens...
  • anti Islam protests grow in Iran - more cities join " We are Aryans , we dont worship a Arab...

    12/31/2017 7:02:38 AM PST · by TigerLikesRooster · 99 replies
    LiveLeak ^ | Dec-30-2017
    anti Islam protests grow in Iran - more cities join " We are Aryans , we dont worship a Arab (mohammad)" "Aryai hastim, arab nemiparastim" for the 3rd day iranians all over iran are protesting against the ruling Clerics (islam), after yesterday even the youth of irans "Most religious city" " Irans vatican " Qom joined the protests more and more cities are joining. The youth of Iran is sick of Islam and want go back to their roots ( pure iranian culture - Zoroastrianisim-Aryan identity) Today the most popular slogan was "Aryai hastim , arab nemiparastim " translation "...
  • Nightmare For New York And California: Tax Reform Will Put Added Pressure On High-Tax States

    12/30/2017 5:41:33 PM PST · by Kaslin · 69 replies
    Townhall.com ^ | December 29, 2017 | Daniel J. Mitchell
    The right kind of tax reform can help people directly and indirectly. They benefit directly if reform reduces their tax burden and gives them more take-home income.They benefit indirectly if reform increases growth and leads to additional pre-tax income. For what it’s worth, I think the indirect impact is most important for family finances, and I discussed the potential benefits of faster growth in this recent interview on Fox Business. Dan Mitchell Explaining Why Uncompetitive States Should Lower Tax RatesBut for today’s column, I want to focus on the final portion of the interview, when I pontificated on how limiting...
  • Racist Trees Separating Golf Course From Black Neighborhood Will Come Down

    12/20/2017 8:47:01 AM PST · by PBRCat · 42 replies
    Many longtime residents of the neighborhood previously told the (Palm Springs, Calif.) Desert Sun they believed the trees were planted for racist reasons in the 1960s, and remained a lasting remnant of the history of segregation in the city. Residents said the invasive tamarisks, which block views of the Tahquitz Creek Golf Course and San Jacinto mountains, have artificially depressed property values and prevented black families from accumulating wealth in their property over the past half century.
  • The Sun is Cooling Faster than Anyone Suspected

    12/20/2017 5:11:19 AM PST · by JustTheTruth · 78 replies
    Armstrong Economics ^ | December 20, 2017 | Martin Armstrong
    214876 Blog/Climate Posted Dec 20, 2017 by Martin Armstrong The danger from the Global Warming crowd is that they are misleading the entire world and preventing us from seeing what is dangerously unfolding that sparks the rapid decline in civilization – GLOBAL COOLING. I previously warned that this is not my opinion, but simply our computer. If it were really conscious it would be running to store to buy heating pads. This year will be much colder for Europe than the last three. It will also be cold in the USA. We are in a global cooling period and all...
  • A Big Corporate Tax Cut in the United States Will Bring More Prosperity to China and Europe

    12/14/2017 5:41:03 AM PST · by Kaslin · 16 replies
    Townhall Finance.com ^ | December 13, 2017 | Daniel J. Mitchell
    When Ronald Reagan slashed tax rates in America in the 1980s, the obvious direct effect was more prosperity in America.But the under-appreciated indirect effect of Reaganomics was that it helped generate more prosperity elsewhere in the world.Not because Americans had higher income and could buy more products from home and abroad (though that is a nice fringe benefit), but rather because the Reagan tax cuts triggered a virtuous cycle of tax competition. Politicians in other countries had to lower their tax rates because of concerns that jobs and investment were migrating to America (Margaret Thatcher also deserves some credit since...
  • Liberate Food Trucks

    12/12/2017 10:11:51 PM PST · by Oshkalaboomboom · 10 replies
    Townhall.com ^ | Dec 13, 2017 | John Stossel
    Laura Pekarik bakes cupcakes and sells them from a food truck. Her truck provided a great opportunity, letting her open a business without having to spend big to hire a staff and rent space in a building. "Instead of renting a whole brick and mortar and managing a team of people, it was just me and one baker," she explains. But increased regulations, such as new rules that forbid trucks to park near established restaurants, make life hard for people like Pekarik. "It became ever more difficult to find parking locations when we went to the city (Chicago) to try...
  • Americans Spent $409 Billion Filing Taxes In 2016—That’s 2.2 Percent Of GDP

    12/06/2017 12:22:37 PM PST · by Thalean · 25 replies
    National Economics Editorial ^ | Dec 6, 2017 | Editorial Staff
    According to a report from the Tax Foundation, Americans spent $409 billion (2.2 percent of GDP) on tax compliance in 2016. This works out to 8.9 billion man-hours wasted preparing tax returns, which is the equivalent of roughly 4 million full time jobs. The Tax Foundation’s figure includes time spent by individuals preparing and filing their taxes, and money spent by individuals and corporations on tax services provided by accountants and lawyers. Essentially, it is wasted money. The billion dollar question: why does America waste so much money doing taxes? Because of complexity. The US Tax Code is so inordinately...
  • Carbon Taxes Increase Global CO2 Emissions. Period.

    12/01/2017 2:21:14 PM PST · by Thalean · 9 replies
    National Economics Editorial ^ | Dec 2, 2017 | Spencer P Morrison
    As the hysteria over global warming heats up, carbon taxes have become the “cool” option. Environmentalists love them. So do politicians, who are more than happy to raise taxes while scoring political points. Carbon taxes, or other analogous pricing schemes, are now prevalent in Western Europe, and are making headway in North America. For example, California recently joined forces with the Canadian Provinces of Ontario and Quebec to create an integrated cap-and-trade carbon market. On top of this, many well-known economists support carbon taxes, thinking they’re the best way to mitigate man’s contribution to climate change. A new report written...
  • No, America’s Farmers Don’t Rely On Illegal Immigrants

    11/27/2017 11:59:07 AM PST · by Thalean · 25 replies
    National Economics Editorial ^ | Nov 20, 2017 | Spencer P Morrison
    A 2011 report published by the Federation for American Immigration Reform found that the agriculture industry was one of America’s most profitable sectors, and could easily afford to pay its workers 20-30 percent more without significantly impacting profits. Furthermore, research conducted by Philip Martin, a leading expert on farm labor and migration issues, found that labor costs are negligible compared to the retail cost of produce. In 2006 Martin found that only 5-6 cents of every dollar spent on produce is due to labor costs. Therefore, if illegal aliens were removed from the labor force entirely, and labor costs rose...
  • Give thanks: You’re better off than a billionaire

    11/22/2017 11:19:01 AM PST · by VegasVictor · 42 replies
    Las Vegas Review-Journal ^ | November 22, 2017 | Victor Joecks
    Looking for something to be thankful for? Try this. You have it better than billionaire John Rockefeller (1839-1937) ever did. Rockefeller founded the Standard Oil Co. and became one of the richest men in American history. When he died, he had a fortune worth around $1.4 billion, or $25 billion in today’s dollars. He had more money. You have better stuff. How many lights did you turn on today? Thomas Edison didn’t patent the incandescent light bulb until Rockefeller was in his 40s. There wasn’t an electrical grid, so small generators powered the first light bulbs. Today, electricity is an...
  • Reagan Reborn: Emmanuel Macron Set to Lead a French Economic Revolution

    11/18/2017 9:54:45 AM PST · by GoldenState_Rose · 22 replies
    Forbes ^ | July 2017 | Thomas Landstreet
    We took a look at Macron’s character; does he mean what he says?... What kind of a leader will he be? We analyzed many of his speeches, including his recent 2-hour address to the parliament on opening day, and we’ve found his rhetoric to be similar to that of U.S. President Ronald Reagan. Now, all politicians give great speeches. What’s notable about Macron’s is his brazen criticism of the state and its socialist policies; his gentle admonitions to his countrymen about the poor state of affairs that they’ve allowed their country to end up in. Here’s a sample of his...