Prof. Thomas Sowell on Uncommon Knowledge (2018) – Income Inequality
“Socialism is a great idea. That doesn’t mean that it is a great reality (16:09)” – And The evidence doesn’t match up to the ideology.
“Socialism is a great idea. That doesn’t mean that it is a great reality (16:09)” – And The evidence doesn’t match up to the ideology.
By any objective standard, President Trump has turned the economy around. The major stock market indices are at record highs. Employment is at record highs. Unemployment is at record lows. Wages are rising. So all the Democrats have to argue is “income inequality.” The canard that you really are not better off because the other …
Still the Best Argument Against the “Income Inequality” Canard … Read More »
Yeah, this Treehugger post on Einstein hating capitalism is gonna be a gold mine for blogging fodder. Even as I write this, the neo-socialist-enviros are pushing back on the Freedom to transact voluntarily (e.g. Capitalism). Another pick at the pot by Brian who, along with most there, hates the idea of the fruits of Capitalism: …
Disqus Doodlings – no, capitalism requires cooperation – LOTS of it. Part 2 of ?? Read More »
After all, when you consider the basis point of not just “99% vs the 1%” in the US (as the Marxist / SJWs complain, who want to use Government to “equalize” everyone and thing) but instead, judge the world against the US, we ARE the 1% of the world and the rest of the world …
..I mean, are Americans really no better off than they were during the late 1970s? I hear that stated quite frequently. But this chart of real income growth tells a different story. Please note that all the lines have been headed higher. Also note the 79 percent gain for the bottom 20 percent in post-transfer/tax …
It speaks for itself: (H/T: Er, forgot to write it down)
Is the left’s sales pitch on income inequality a loser when it comes to elections? In part I AFP-NH state director Greg Moore joins us to examine the recent British elections, including the symmetry of their income inequality messaging and Democrat losses in 2014 and the Labor parties losses last week.
Richard Ammerman, a registered nurse in Rhode Island, challenges me by e-mail to answer “yes or no” to the question: Do I care about income inequality? No. I do not in the least care about income (or wealth) inequality. I suspect that some of my bleeding-heart-libertarian friends will berate me for being insensitive, so it …
From economist Dan Mitchell, a chart showing the poverty rate since 1950. It shows that before Federal Government insertion of itself radically into Society, Society was solving the poverty problem on its own. Since then, the percentage in poverty has not really changed much. You can also see (as Dan points out) that during the …
So, has the Trillions Spent on the War on Poverty worked? Read More »
From the Wall Street Journal: “This all-too-conveniently confuses the incidence of a tax with the burden of a tax. The marginal tax rate on every additional dollar of capital gains and dividend income from corporate profits can reach as high as 44.75% at the federal level (assuming a company pays the 35% top corporate rate), …
Data Point – Once again, “who pays the taxes”? Where’s the Press on this? Read More »