Free Republic

Price and wage fixing is always harmful. There is no right way of doing it. There is no right way of doing a wrong thing. There is no fair way of doing something that oughtn’t be done at all. We can’t even define a fair price or a fair profit or a fair wage apart from the market or apart from the state of supply and demand. Instead of talking about “fair” prices, “fair” profits, and “fair” wages, we ought to be talking about functional wages, functional prices, and functional profits. Prices have work to do. What they do in...

'Tomorrow's Children' (1934) which was called 'The Unborn' in the UK This was a very controversial film in its day. It was made during the height of the eugenics movement and considered subversive at the time. http://www.youtube.com/watch?v=HSqUnqoHRFs Part I of 6

Keir Starmer is to hand up to £200 million to offshore wind companies to build factories in traditional oil and gas areas, he will announce at the COP29 climate change summit on Tuesday. Wind farms will be eligible for tens of millions to establish factories building turbine blades, cables and ports under the Government’s new “clean industry bonus”. The Government has insisted that its push for clean energy will benefit the public with new jobs, and promised that oil and gas communities would not be left behind in the transition. Sir Keir will be one of only two G7 leaders...

Gov. Gavin Newsom and Attorney General Rob Bonta announced Thursday that they were readying to "protect California values" against the incoming administration of President-elect Donald Trump, whose first term in office presented an onslaught of challenges to the policy agenda of Democratic leaders in the state. Newsom, a fierce critic of Trump, called for lawmakers to convene a special session later this year to safeguard the state's progressive policies on climate change, reproductive rights and immigration ahead of another Trump presidency. The move — a day after the former president resoundingly defeated Vice President Kamala Harris in the presidential race...

Axios’ Alex Thompson framed Vice President Kamala Harris on Sunday as the “no comment” candidate she “doesn’t want voters to know.” Harris has refused to detail her policy positions on many important issues. This lack of answers appears to be a strategy to avoid irritating the radical left while trying to remain ambiguous in order to attract moderates. The latest example of Harris refusing to answer questions came Sunday when a reporter asked her about a California ballot measure on crime. “How did you vote on Prop 36?” a reporter in Detroit asked Harris. “So, I have — my ballot...

California motorists buy and consume a billion gallons of gasoline each month and are very sensitive about pump prices, which are markedly higher than those in other states. Naturally, they are a political football. Gov. Gavin Newsom has repeatedly characterized refiners as price gougers, even though most of the differences are caused by taxes, fees and regulatory mandates. Recently, he persuaded the Legislature to pass a watered-down version of his proposal requiring refiners to maintain higher reserves to avoid price spikes. However the gasoline situation is far more complicated than Newsom’s approach, and California may be facing a period of...

The governor’s order does not state how much Californians might save on their bills each month once the measures are enacted. California Gov. Gavin Newsom signed an executive order on Oct. 30 aimed at reducing electricity prices for Californians, which are the second-highest in the country, and directed state agencies to find ways to lower costs. Newsom’s office said in a statement that the executive action “encourages electric bill relief” while also maintaining the state’s commitment to achieving carbon neutrality and “100% clean electricity” by 2045. “We’re taking action to address rising electricity costs and save consumers money on their...

Short on the heels of another major refinery closure, Valero signaled it is considering closing its two California refineries that produce over 14% of the state’s gasoline. Refinery closures already have the state importing 8% of its gasoline supply, which means the state could soon have to significantly increase its imports of refined products such as gasoline, on top of its existing reliance on the Middle East and South America for the majority of its crude oil. Valero announced its profit is down significantly due to very low margins from its refinery business, prompting a question during its earning call...

During a town hall on CNN on Wednesday, 2024 Democratic presidential candidate Vice President Kamala Harris responded to a question on how her plan to combat “price gouging” on groceries “during emergencies or times of crisis” would help with the fact that grocery prices have just been high every day for years by stating that there should be accountability “when companies are taking advantage of the desperation and the need of the American people,” and stating that “most” companies don’t gouge. Host Anderson Cooper asked, “I looked at your plan. You talk about going after price gougers, and I’m quoting...

Meanwhile in the Democrat hellhole of California… California’s Democrat Governor Gavin Newsom signed a bill to hold Big Oil accountable – only it will lead to gas shortages and price hikes. Big Oil “has been screwing you for decades,” Newsom said. “Price spikes have cost Californians billions of dollars over the years, and we’re not waiting around for the industry to do the right thing,” Newsom said. “We’re taking action to prevent these price spikes and save consumers money at the pump,” he said. The bill passed the California Assembly last week with a 41-16 vote. Many Democrats did not...

Gov. Gavin Newsom had a dire warning for California this week: “Big oil companies are in cahoots with Donald Trump pushing prices even higher during election season.”

California Gov. Gavin Newsom (D) signed another law Monday, claiming to be taking action against gas prices but without lowering taxes, removing the state’s onerous “cap-and-trade” system, or easing regulations on refineries. Those are the factors that the industry, and independent experts, say are the main contributors to the fact that the Golden State pays an average price of $4.677 per gallon, the highest in the nation, well above the average of $3.203. Instead, Newsom has again blamed the oil and gas industry, as in previous years. The new law, which he pushed through in a special legislative session, requires...

Vice President Kamala Harris has centered her anti-inflation agenda on combatting price gouging, saying corporations are greedy villains padding profits by jacking up prices.Yet economists and even Ms. Harris say there is scant evidence that price gouging is actually happening.In a plan largely lacking concrete details, Ms. Harris has called for a federal ban on price gouging and for giving the Federal Trade Commission the power to prosecute companies it deems to have excessively increased prices.Former President Donald Trump and Republicans slammed the plan as “communist,” warning that it would lead to the federal government telling businesses how to set...

Vice President Kamala Harris struggled in a friendly interview that airs this week to competently answer questions surrounding her economic agenda. Harris sat down for an interview with CBS News’ “60 Minutes” that was taped last week and is set to air on Monday night as part of a special election episode. “My plan is about saying that when you invest in small businesses, you invest in the middle class, and you strengthen America’s economy,” Harris told correspondent Bill Whitaker. “Small businesses are part of the backbone of America’s economy.” “But pardon me, Madam Vice President, the question was, how...

Harris and this article state that the rich don't pay their fair share? Really? First, who determines what a fair share is? Fact is, there is no objective measure of fair share. Perhaps the fairest measure is that everyone pays the same rate as a percentage of income. Friedman suggested 17%, so if you make $100000/yr, you pay $17,000. If you make a million dollars a year, you pay $170,000. But, that's not how it works.The top 1 percent paid a greater share of individual income taxes (38.8 percent) than the bottom 90 percent combined (29.2 percent).The top 50 percent...

None of this, however, is stopping Governor Gavin Newsom, who has dragged a handful of legislators back to the Capitol for a special session on alleged price gouging by California’s oil refineries. In a press release on September 3, the governor claimed that “Gas price spikes on consumers are profit spikes for oil companies, and they’re overwhelmingly caused by refiners not backfilling supplies when they go down for maintenance.” To prevent these alleged misdeeds, the governor proposes to require California’s refineries to stockpile reserves of gasoline to meet demand whenever refineries are not operating. In addition to mandatory storage, the...

LOS ANGELES, California — Gov. Gavin Newsom (D) traveled to Baldwin Hills to sign legislation restricting oil and gas facilities — and removing the pumpjacks behind him, ending a century of the oil and industry’s role in the area. AB 2716 will close the Baldwin Hills oil facilities, which existed prior to the surrounding area becoming developed for residential use, but which now sit inside what has become L.A.’s most prominent middle-class black neighborhood. AB 3233 will give local authorities more power to prohibit oil and gas drilling. AB 1866 will expand on existing law and increase and accelerate the...

Time stamps: 1:05 - First Policy 2:12 - Basics of Understanding the first policy 3:27 - Implications of the first policy 5:27 - Second Policy 7:50 - Third Policy sorry for the late upload, I've been fighting for my life out here for real ... so much work lately Tags: Kamala Harris, Donald Trump, Debate, CPA, Certified Public Accountant, Radical Financial Policies, Tax, Price Controls, Unrealized capital gains tax

Vice presidential candidate Sen. JD Vance (R-OH) said Thursday on CNBC’s “Squawk Box” that Vice President Kamala Harris’s main thrust of her economic policy is to “throw everybody on welfare.” Co-host Joe Kernen said, “Given that as we now know, people’s economic beliefs can evolve, as we’ve seen maybe from, you know, former President Trump’s opponent, but I’m wondering whether yours have evolved? Because then we’ll get into some of the things you said in the part and how much daylight right now is there between what you believe and what would I call you an economic populist? Is there...

Vice President Kamala Harris’s tax plan would effectively vaporize nearly 800,000 full-time equivalent jobs, according to studies published by the Tax Foundation Tuesday. Harris’ proposals, including hiking corporate taxes to be among the highest in the developed world, would lower employment by roughly 786,000 full-time equivalent jobs, and reduce long-run gross domestic product (GDP) and wages by 2% and 1.2% respectively, the Tax Foundation found. Meanwhile, Trump’s proposals, including a 60% tariff on China, would lower employment by approximately 387,000 full-time equivalent jobs, lower long-run GDP by 0.2% and increase long-run wages by 0.6%.... ' Trump’s economic plan, including the...