(Inserted a video from Western Journalism)
Here is an excerpt of the National Review article Prager was referencing:
Two graphs used in video upload:
And a third:
(Inserted a video from Western Journalism)
Here is an excerpt of the National Review article Prager was referencing:
Two graphs used in video upload:
And a third:
Mind you, this Larry Elder audio opens with Ronald Reagan discussing Milton Friedman.
In this fill in for Dennis Prager on Monday, Larry Elder’s first two segments of the show are really a “GOP vs Ideals” 101 course. Economics, Donald Trump, GOP nominees since 1988, Milton Friedman, Ronald Reagan, Obama, and more are covered in “Sage” fashion.
As usual I learn from Larry and I share this with you in the hopes you will as well.
For more clear thinking like this from Larry Elder… I invite you to visit: http://www.larryelder.com/ ~AND~ http://www.elderstatement.com/
Can the government ever be too big? How much spending is enough spending? And if there can be too much spending, where is that point? William Voegeli, Senior Editor of the Claremont Review of Books, explores these complex questions and offers some clear answers.
A number to keep in your mind as you read is about how much you have to earn to be in the top 1% ~ and is why “being rich” is a fluid matter and why so many move in and out of this designation of “rich.” There is opportunity for all in this market-based system. And the rich-get-poorer while the poor-get-richer! One should note as well that this number changes by geography as well.
In an article I enjoyed, “10 Myths in the Movie ‘Inequality for all‘.” I do think however that the article does not explain each point well enough. A good example of this is their point number two, that reads:
Just a quick addition to the above before getting to my example. When banks have large sums of money they invest that capital in loans, investment in the markets, and the like. This leads to funding many of the retirement packages the elderly retire on, creates job growth and opportunity for the poor, and all the other benefits that follow from it. So if all the rich did was stuff their money into banks ~ Great! However, as we will see from a oft tarred-and-feathered favorite whipping boys of the left, this just isn’t the case… in which case we go beyond saying “Great!” to “Hallelujah, I hope the rich-get-richer!”
I will use the EVIL Koch Brothers to make my point. The first point is that these uber rich persons give a lot of money to various “good works.” Here NewsMax zeroes in on the issue:
Another point worth making is one from my own life. I have never worked for a poor person. So let us apply this to our Koch example. Koch Industries “employs about 60,000 people in the United States and another 40,000 in 59 other countries.” These are people, real people, providing sustenance to their kids, spouse, community (in being able to donate to causes they support), and the like. In our own and in the other countries Koch Industries hires people… this job may be what is keeping said family from poverty.
NATIONAL REVIEW points out the following:
People do not realize this, but about 80% of America’s Millionaires are first gen rich, started with nothing and became wealthy. The Left has this idea of people being rich by the luck of inheritance… which isn’t bad itself. If I was able to “make it,” I would want to leave my kids my money. But the reality is more like INVESTOPEDIA points out:
Which brings us back to NATIONAL REVIEW’S article:
What do these “class warfare” politicians do to create jobs and wealth? Not much. You can see more on this and other subjects via my ECON 101 Topics Page. In the following 11-minute audio, Radio talk show hos Michael Medved sheds some light on the Koch’s and takes a dissenting call on the matter:
Again, I will let other’s share my point about the rich with the Koch’s as my example:
The question is “what happens when you do tax the rich”? Well, we know from past experience:
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See my Minimum Wage Page.
Economics: Is raising minimum wage to $15 a bad idea? Professor Don Boudreaux explains why raising minimum wage actually hurts the economy instead of improving an employee’s chances of maintaining and getting a job.
This course is based on R.C.’s book, Biblical Economics: A Commonsense Guide to Our Daily Bread. There is a multi-part playlist of his DVD series here. The below is part 5 of the series and deals with socialism versus free-markets:
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Breitbart has a bang-up article talking about quantitative easing and the affect of government “spreadsheet ‘fixing'” on the middle-class:
Ben Domenech (The Federalist), Dagen McDowell (Fox Business) and Matt Welch (Reason Magazine) join John to discuss minimum wage, income inequality and the politics around them. http://www.LibertyPen.com
Record 94,610,000 Americans Not In Labor Force
The number of Americans not in the labor force exceeded 94 million for the second time in a row last month hitting a new record high, according to new government data released Friday morning.
The Bureau of Labor Statistics reports that a record 94,610,000 people (ages 16 and over) were not in the labor force in September. In other words they were neither employed nor had made specific efforts to find work in the prior four weeks.
The number of individuals out of the work force last month — due to discouragement, retirement or otherwise — represented a substantial 579,000 person increase over the most recent record, hit in August, of 94,031,000 people out of the workforce.
While the prior two months saw a labor force participation rate of 62.2 percent, September’s participation rate dropped to 62.4 percent, matching the lowest level seen since October 1977….
Record 56,647,000 Women Not In Labor Force
More than 56 million women were not of the U.S. labor force last month, according to new government data released Friday. The Bureau of Labor Statistics reports that 56,647,000 women, ages 16 and older during the month of September were neither employed nor had made specific efforts to find work in the past four weeks.
The number of women not participating in the workforce was up 394,000 from August, when 56,253,000 women were out of the workforce.
National numbers of people not participating in the work force experienced a similar trend, increasing in September to a record 94,610,000 Americans — both men and women — out of the labor force.
Additionally the number of women in the civilian labor force declined from August’s level of 73,593,000 women to 73,313,000 women. The labor force participation rate among women in September was 53.6 percent, down 0.2 percent from August….
Larry Elder interview Dr. Joel Strom on exactly how and whom the arbitrary raising of wage will hurt the poor and middle-class dental patient. You can read more on the minimum wage law at my site, here.
Here is part of the article in discussion from The Daily News: