Following the oil spill in the Gulf last month, President Obama proclaimed a six-month moratorium on all deep-water drilling, undoubtedly in the name of safety and for the public good. However, it appears that the moratorium is nothing more but a tactic to make Obama look good as a tough action taker, and that it would not increase safety and further the economic damage following the spill.
The Obama Administration represented the moratorium as a safety recommendation suggested in a report drafted... Read More→
Modern socialists would like to distance themselves from communism because of its bad reputation and often claim that communism is unrelated to socialism or at best tenuously related, but this is not the case.
Numerous people have come to this site and complained about its logo because it contains a communist symbol, which according to them, has barely anything to do with socialism, or perhaps nothing at all.
Let’s see indeed what are the differences between socialism and communism…
From... Read More→
It’s no secret that the State of New Jersey is in deep financial trouble with a $2 billion budget deficit on a $29.8 billion budget for 2010, and a total debt amounting to over $33 billion as of 2009. In addition some project deficits as high as $11 billion for next year if the budget is not substantially cut.
New Jersey cannot solve this problem by raising taxes. “[W]e have revenue going down, not up even though we’ve raised taxes every year,” says NJ Gov. Chris Christie.
A... Read More→
In the following video, Steven Crowder goes to Detroit and shows how liberal policies and labor unions (sanctioned by the government) led to decay and bankruptcy. The situation in Detroit is very typical of what happens when government takes over command and control of an economy in an intrusive way.
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The Laffer curve describes the relationship between tax rates and tax revenues collected. This relationship is key to understanding why taxing the rich as means of raising enough revenues to create a welfare state is extremely limited.
The core explanation for why this is so, is that a tax increase discourages people from engaging in the taxable activity, (earn income in the case of income tax,) and it encourages them to avoid the tax (by shifting money around, taking it out of the country,... Read More→
Many politicians attempt to convince us that big government spending leads to economic growth and prosperity. Among the most egregious recent examples of this is the rhetoric of Nancy Pelosi. To Nancy Pelosi, every government spending results in more jobs and prosperity. Cap and Trade is about “jobs jobs jobs” to her, and the fact that it would bring up the cost of doing business and everything else is of no consequence.
Some government spending for safety and order does facilitate... Read More→
The video on this page shows Barack Obama explicitly acknowledging that he is in favor of raising capital gains taxes for the purposes of “fairness” even though it is known that doing so reduces tax revenues. To Obama (and many other socialist I would imgine) it is more important to beat everyone into the same level than have overall prosperity. It’s a classic example of how society shoots itself in the foot with socialist policies of income redistribution.
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In the following video, British Parliament Member Daniel Hannan talks with Neil Cavuto about the dangers of tax hikes on bonuses paid to employees in the financial industry. The interview aired on Neil Cavuto’s Fox News program on 10 December 2009.
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Are people in America dying in the streets while every other civilized country provides healthcare to its citizens?
To answer this question, let’s first put the size of the healthcare problem in the U.S. into perspective.
Counting the Number of the Uninsured in America
When Obama ran for president, he touted health care reform as a big issue because there were 47 million people uninsured in America.
This figure comes from the Census Bureau. And according to the Census Bureau there were... Read More→
The fallacy and deception of the socialist policy always involves touting a supposed benefit while neglecting to consider its foul side effects. In 1883, Willian Graham Sumner articulated this in terms of the “Forgotten Man”:
As soon as A observes something which seems to him to be wrong, from which X is suffering, A talks it over with B, and A and B then propose to get a law passed to remedy the evil and help X. Their law always proposes to determine what C shall do for X or, in... Read More→
