Tag archive

big government

Economics/Politics

The Tax Increase In Reform’s Clothing

In a 2011 piece for the New York Times, leftist billionaire Warren Buffett claimed that investment managers are getting “extraordinary tax breaks,” due to the classification of income from managing others’ money as “capital gains.” “Some of us are investment managers who earn billions from our daily labors but are allowed to classify our income as ‘carried interest,’ thereby getting a bargain 15 percent tax rate,” Buffett said, always portaying himself as the patriotic rich man willing to pay his “fair share” of taxes. Under the current tax code, capital gains are taxed at 15 percent, rather than the top tax rate… Keep Reading

Economics

Ackman’s Quest To Ruin Herbalife Is Cronyism At Its Worst

For five years, billionaire hedge fund manager Bill Ackman has attempted to bring Herbalife, a global nutrition and weight management company, to the brink of financial ruin—all for his personal financial gain. Fortune reported that, back in 2012, Ackman’s Pershing Square Capital Management took a $1 billion short position in Herbalife’s stock, expressing his belief that Herbalife was a “pyramid scheme.” He claimed that he would give proof the very next day. In an apparent victory for Ackman’s short position, Herbalife’s stock lowered 10 percent within six seconds, causing the company to issue a temporary trading halt. Ackman offered a… Keep Reading

News

Democratic Governor Stands Against Campus Free Speech, Vetoes Key Legislation

In yet another example of Democrats’ troubling views toward free speech, the governor of a traditionally red state killed a Republican-sponsored bill designed to deal with First Amendment violations on college campuses by anti-Trump protesters. Amazingly, the Democratic Governor of Louisiana, John Bell Edwards, vetoed the bill protecting free speech on campuses because he said it was not needed. Edwards wrote that the bill was an “unnecessary and overly burdensome to our colleges and universities as the freedoms this bill attempts to protect are already well-established by the bedrock principles declared in the First Amendment to the United States Constitution.”… Keep Reading

Economics

The Racist History Of Minimum Wage Laws

In 1966, Milton Friedman wrote an op-ed for Newsweek entitled “Minimum Wage Rates.” In it, he argued “that the minimum-wage law is the most anti-Negro law on our statute books.” He was, of course, referring to the then-present era, after the far more explicitly racist laws from the eras of slavery and segregation had already been removed. Friedman’s observation about the racist effects of minimum wage laws can be traced back to the nineteenth century, and they continue to have a disproportionately deleterious effect on African-Americans into the present day. The earliest of such laws were regulations passed in regards… Keep Reading

Law/Politics

Government Won’t Let Disabled Child Bring Service Dog To School

Thank you, government, for giving us all things so good and beautiful. Without you, there would be riots and chaos in the street, or possibly even disabled middle school girls bringing their service dogs to school with them. This just in from Napoleon, Michigan. Brent and Stacy Fry are suing their local school district because their daughter, known as F.E. in litigation documents to protect her identity, just isn’t getting anywhere by asking politely. She was born with cerebral palsy and relies heavily on her service dog, Wonder, to get around her home and school. Unfortunately for the Frys, the… Keep Reading

Go to Top

Thanks for visiting our site! Stay in touch with us by subscribing to our newsletter. You will receive all of our latest updates, articles, endorsements, interviews, and videos direct to your inbox. 

Send this to a friend