Articles tagged as

wealth

pile-of-money

Data Point – Income Inequality?

by Skip

..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 … Read more

Levi Sanders, Bernie Sanders

Cleaning up my stack of stuff: Why is it always the Socialists that decry “we are the wealthiest nation in history”?

by Skip

Forgot I had transcribed this from WMUR’s CLOSE UP show (Aug 12, 2018) where Levi Sanders, running to be the Democrat candidate in NH’s Second Congressional District even as he lived in CD-1, said the magic words:

On Tuesday or Wednesday, there will be one of the most important votes in the modern history of this country. And that vote will be whether or not in the wealthiest country in the history of the world, we throw 22 million Americans off the health insurance they currently have.

Yeah, once again – wrongthink.  Certainly the idea of a successful Medicare-for-All (which his Dad’s bill isn’t really Medicare-for-all that Bernie touts but is structured more like Medicaid-for-all and jams down lower payments to doctors and hospitals in order to say “see, we lowered healthcare costs” and caring not a whit about the restructuring again of 1/6 of our economy).  This is just a sidenote.  My real point is this:

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Progressive – “Misallocation of wealth”

by Skip

We’ve oft heard the plaint  of folks that say “How can this be?  We are the richest nation in the world!” and rush to spend others people money to make themselves feel like they are “doing something”.  Yup, we used to be able say that: we were the richest nation in the world – the richest in history.   Still are on a national level – but not on a governmental level with the official debt at about $16.5 Trillion (over 100% of our yearly GDP) and an off the books unofficial of over $100 Trillion in unmet promises for future entitlement payments (what, you really think that the Government would hold itself to the same accounting standard as it does to corporations?) thanks to chuckleheads like those in DC.

Obama said as much this last State of the Union – and conservatives immediately  started pocking holes.  Progressives like Nancy Pelosi and her second in command, Steny Hoyer have made utterances to say similar things.  Add to that, retiring US Senator Tom Harkin – same tired “richest” and same tired “fair share”.  Problem is, though, he lets the Progressive cat out of the bag at the end of the video:

I hear him say this on tonite’s Special Report on Fox and could not believe my ears at first, and then went “yeah, this is how they actually DO think about “the richest nation in history” from what he said at the very end of the video:

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Data Point – So, is the top 1% gaining more wealth at the expense of the rest of us?

by Skip

Much to the dismay of Occupiers and Socialists on the Left… (H/T: NewsBusters)

Media Millions

by Steve MacDonald

While the 99% and the Democrats are bashing bankers for not sharing their wealth, take a look at the people running media and entertainment.  (Just to give you a baseline, the most well paid “banker” had 21 million in compensation in the same year.) Les Moonves, the CEO of CBS Corp. (CBS), was paid $69.9 … Read more

For Repeal of RGGI

by Don

This morning NHPR had a program on RGGI.  Senator Peter Bragdon spoke for keeping RGGI and  Representative Jim Garrity spoke for repeal.  I tried to call and comment but didn’t get on the air.  They suggested that I send in my comments, so I sent the comments below.  Some of my comments are reactions to Peter Bradgon’s comments supporting RGGI.   

 

"I am for repeal of RGGI.

1.  We have plenty of energy in this country in the form of coal and gas, and even oil if the government would let us get it.  We do not need to import fuel from countries that want to kill us to generate the electricity we need.  My understanding is that gas can be relatively easily burned in oil fired energy plants, we have lots of natural gas.   

2.  It is hard to believe that wood pellets burn more cleanly than oil or certainly than gas.  While I understand the desire to buy locally, they should compete like other fuels. 

3.  If energy efficiency is beneficial to people, governments, businesses, etc., then why do the rest of us have to subsidize it for them?

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