Category: Capitalism and Economics
150% of nothing is still nothing. You can’t legislate economics.
The true minimum wage is always $0
That’s right: if regulations hadn’t grown the estimate for the size of our economy is $53.9 Trillion instead of $15.1. Think how many issues we currently have that wouldn’t be a problem if our economy had that kind of money.
Do you like Airbnb and Uber? Democrats hate that they disrupt their careful system of graft and monopoly, which is why you see cities like San Francisco acting to shut them down.
So don’t buy one because you think you’re being green. But they are cool.
The leftist model utterly fails when it encounters math.
It wasn’t a story of wall street fat-cats exploiting loopholes, like the movie makes it out to be. It was a story of government setting up a perverse set of market incentives that crashed the entire system.
Remember, Bush tried 5 times to fix Fannie Mae and Freddie Mac, and Democrats stopped him, saying they wanted to roll the dice on this a little while longer.
It’s not about the money, but about the differences in the habits between the groups. In other words, poor people could live longer if they chose a different set of habits, and they’d probably end up wealthier, as well.