Let's sort out some things.As a political and economic system, socialism is government ownership and management of the means of production and distribution of goods, the control of money, and the abolition of profit and private property. These ideas also describe...
The only really proper reform of Social Security is the gradual abolition of the whole system.
To fully understand capitalism — its nature and genesis — it is necessary to know the source of its fundamental principles. Where did the ideals of individual rights and political-economic freedom originate?
Former New Orleans Mayor Marc Morial, now head of the National Urban League, complained on NBC's Today Show on September 1 that the U.S. Government had refused to give funding for upgrading the city's flood defenses. Numerous city and Louisiana State officials have...
Members of Congress will soon return home for August recess. While there, many will express outrage over the 33 percent increase in government spending since 2001, and the $400 billion budget deficit. They will offer vague pledges to rein in government.Taxpayers have...
It is time Americans stop fearing self-reliance and start taking personal responsibility for their finances. It is also time the government stops patronizingly telling them they won’t survive on their own.
The end of Social Security and its diversion of funds into government consumption—the return to private, individual saving and provision for the future—will mean a great increase in saving and the accumulation of capital, because the savings of individuals will be invested, not squandered.
Get ready for the interest groups and beneficiaries to squeal, scream, cry and ultimately demean. The issue? Why, President George W. Bush's "lean" 2006 budget. Americans want their welfare state. The president's budget, excluding defense, homeland security and...
It’s wrong to force people to pay into a coercive retirement system, run by the government at a poor return rate, when they could be making better and more profitable decisions on their own.
Economic freedom, not government interference, is the means of overcoming poverty.
Would-be defenders of individual rights and liberty, the fundamental ideas of the founding fathers who created the United States of America, have recently decided to pay homage to the Presidents who created the modern American welfare state. I refer of course to...
In most cases, though, the assistance hasn’t helped. Why? Largely because recipients have failed to address the main causes of their economic ruin — corruption, repressed economies, weak judicial systems and excessive state ownership of key enterprises.
An old television special featured great boxing matches of the past, including a video of a match between legendary light-heavyweight champion Archie Moore and a young Canadian fighter named Yvonne Durrell, in which each man was knocked down four times during the...
The 1996 welfare reforms comprised the boldest social policy reform over the last 60 years. Millions of people moved off the government dole and achieved self-sufficiency. Unfortunately, those reforms excluded a rather large segment of society that still considers...
It’s both amusing and satisfying to re-read the hand-wringing that greeted the 1996 welfare-reform law.
In addition to offering sanctuary to the world's tax-burdened, tax havens provide an indirect benefit to the tax-payers who remain pinned under welfare state tax burdens: they cause tax rates and tax burdens in those welfare states to be lower than they might be...
The welfare state enjoyed a stellar week. First, the Victims Compensation Fund, set up by Congress, announced compensation averaging $1.85 million for the families of the Sept. 11 terrorist attacks. While deducting life insurance and some pension benefits, the payout...
Dear President Bush, "What can we do to help win the war against terrorism?" Americans all across the country eagerly ask. In response, you insist that we "go about our daily lives," but with a heightened sense of awareness. To live in fear, you correctly counsel,...
If you were an ailing foreigner in need of sanctuary and free medical treatment, it's obvious where you would turn: America.Where could Osama bin Laden, the terrorist mastermind with bad kidneys and a shrinking bank account, be hiding? Well, if you were an ailing...
In a world where the media are ready to magnify innocuous remarks or a minor problem into a trauma or a disaster, there is remarkably little attention being paid to cruelties routinely inflicted on children by our laws and our courts. That cruelty is ripping children...
In the spring of 1994, the last full year of welfare as we knew it, 112,000 Massachusetts families were on the dole. In the spring of 2001, the caseload stands at 41,500 -- a reduction of 63 percent. So spectacular has the success of welfare reform been that it is...
Did Treasury Secretary Paul O'Neill commit a "gaffe" of epic proportions? Former Clinton Labor Secretary Robert B. Reich certainly thinks so. In an interview with Financial Times, O'Neill said, "Able-bodied adults should save enough on a regular basis so that they can...
In 1960, the novelist and philosopher Ayn Rand pronounced conservatism dead. The conservatives' refusal to challenge the fundamental ideas behind the welfare state, she argued, would doom them to a policy of appeasement and timidity. Sometimes it may seem as if her...
The Organization for Economic Cooperation & Development (OECD) is comprised of 29 industrial nations, mostly in Western Europe, the Pacific Rim and North America. They've recently released a report titled "Towards Global Tax Cooperation" that should worry all of...
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