Tag: Envy

Rags to Riches (to Rags Again) »

“Most income statistics present a snapshot picture as of a given moment—and their results are radically different from those statistics which follow the same given individuals over a period of years.” —Thomas Sowell Last week, CNNMoney carried a fascinating report on how rich families end up squandering their wealth: Nearly 60% of the time...
Read More »

Virginia DMV and Taxi Unions versus Consumers »

“Competition always has been, and always will be, disagreeable to those who are affected by it. Thus we see that in all times and in all places men try to get rid of it.” —Frédéric Bastiat Last week, the Virginia Department of Motor Vehicles (DMV) sent cease-and-desist letters to app-based, ride-sharing services Uber and...
Read More »

Wait! You May Not Need to Lop Off So Many Heads »

The current U.S. population is about 318 million. Approximately 25 percent of these people are younger than 18 years of age, which leaves roughly 239 million adults. Of these, therefore, the 1% with the greatest incomes number about 2,390,000 persons. How many of these do you suppose possess extraordinary political clout? My not-entirely-wild guess...
Read More »

New Video with Ron Paul: “Defining Liberty: The Future of Freedom” »

How can Americans overcome record government spending and debt, escalating healthcare costs, intrusive federal surveillance, endless wars, ongoing economic malaise, high unemployment, failing schools, and increasing abuses of civil and economic liberties? In this superb, new video from the recent, sold-out event sponsored by The Independent Institute and The Smith Center for Private Enterprise...
Read More »

Did Capitalism Put the “Great” in The Great Gatsby? »

A funny thing happened to Jay Gatsby on the way to the Silver Screen in 2013: He became a sympathetic and all too human capitalist. This may not have been Hollywood’s intent, but the most recent adaptation of F. Scott Fitzgerald’s classic may have elevated a minor sub-theme in the book to a new...
Read More »

Supreme Court Rules: Social Security is NOT a Binding Contract »

This post was prompted by all-too-common opinions expressed in Randall Holcombe’s recent “Federal Government Debt Undermines the Programs It Finances” blog. The respondents passionately insist that Social Security is a contract, whatever you do to the budget, do not touch Social Security. “I paid in and it is a contract. They owe me.” The...
Read More »

Did Lefty Need to Apologize for Tax Comments? »

Phil Mickelson is being targeted for his comments on California’s and the Feds’ tax hikes. The offending statements, as reported by the Chicago Tribune, are as follows: “Well, it’s been an interesting offseason, and I’m going to have to make some drastic changes,” Mickelson told reporters Sunday after tying for 37th place at 17 under...
Read More »