Tag Archive | "labor market"

America's Effective Tax Burden: A Nation of Serfs

America's Effective Tax Burden: A Nation of Serfs

This article is dedicated to the growing segment of American society that is awakening to the ideas that we are increasingly overworked and overtaxed. My goal is to determine an effective tax burden on the average middle-class American. I will leave it to the reader to judge relative severity of the burden as measured against associated “benefits” to which he is “entitled” from the system. Continue Reading

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Freedom Under Fire, Apr. 15th, 2009

Freedom Under Fire, Apr. 15th, 2009

Nationwide anti-tax protests staged for April 15th tax day-rumors abound that leftist group ACORN intends to crash events, Obama administration readying to disclose results of bank stress tests, revisions to No Child Left Behind on the Obama agenda-prepare to see pervasive federal mandates in education, FDIC helps banks raise $300 billion through unregulated channels, Congress looks set to let D.C. school voucher program expire next year-Big Brother not prepared to let parents choose how to educate their own children, Spanish study casts skepticism on economic value of government creating green jobs… Continue Reading

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Do You Trust Big Brother With Your Portfolio?

Do You Trust Big Brother With Your Portfolio?

We are moving closer towards a political economy every day. Every dollar borrowed, taxed, printed, and spent by government really comes from the private sector.  Trillions of dollars of national resources are being allocated by politicians and bureaucrats towards things they claim will benefit our economy. Congress just passed a $3.6 trillion budget ($1.2 trillion in deficit), and combined the Federal Reserve and Treasury have dumped $13 trillion into the economy in the last 16 months. What we must all ask ourselves right now is whether or not we trust government with our money? Continue Reading

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Freedom Under Fire, Feb. 27th, 2009

Freedom Under Fire, Feb. 27th, 2009

Does Obama have a double standard with earmarks? The Reagan Era is officially over, economy falls much more than initial estimates, and unemployment reaches 10.1% in California…just the latest in your Freedom Under Fire Report! Continue Reading

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Socialist Attacks Gov. Sanford: How to See Beyond the Fluff

Socialist Attacks Gov. Sanford: How to See Beyond the Fluff

CNN contributor, Paul Begala, attacks South Carolina Governor Mark Sanford in this commentary, claiming that if Sanford disagrees with federal spending plans he should not accept federal money. According to Begala, with all the money South Carolina receives in federal aid, the state is literally a “ward of the federal government.”

Note the two personal attacks on Sanford: this is routine operating procedure for leftists. If you cannot debunk the ideas of your competitor, attack the person and dance around the subject, trying to make the ideas sound ridiculous without actually addressing them: Continue Reading

Posted in Economics, PoliticsComments (2)

Do minimum wage laws raise the minimum wage?

Nobel Prize winning economist Milton Friedman said, “A man is better off employed at $3 an hour than unemployed at $3.15 an hour.”

 

Most everyone assumes that raising the minimum wage is always a good thing.  Those people working for $7 an hr will now be able to better feed and support their families.  Sadly, most of those making $7 an hr are not family men, but rather high school students working at McDonalds.  They do not have to support a family, just need gas money for their car and money to download songs to their iPod.  But as you’ll read below, minimum wage laws do not raise the minimum wage, they just alter the number of employees with jobs. Continue Reading

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