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FedEx CEO Attacks Public School Monopoly

school bus stop Frederick Smith says that the public school monopoly tends "to gravitate to the lowest common denominator." In my opinion, Frederick Smith was courageous to say the things he said. There are two reasons for my opinion. First, despite the popular myth about them and the free market, businessmen and entrepreneurs are often more interested in gaining government help than in winning in a free market environment. For some, a monopoly is what they aspire to become once they get successful enough to Read more [...] Continue reading →

San Diego Plunders a Woman $25 Grand for Using AirBnB to Provide Lodging for Consumers

airbnb The city says she needed a permit for using AirBnB—which would have cost her $5,000 to $10,000 and taken up to a year to get. When Liberals get outraged because the Supreme Court allegedly said that corporations are people, think about their strategy. Liberals rarely (until they reach a later stage) want to admit that they want to plunder people, or punish them. And claiming to be “against” a corporation allows them to manufacture this diversion. Corporations are always these abstractions Read more [...] Continue reading →

So How Smart Was Boasting in the Stock Market, Mr. President?

wall st bull Only two months ago Barack Obama claimed he saved the stock market. Earlier this month I pointed out that not even Politifact could support the President’s boasting in the economy. Indeed, Obama’s boasting was immense. Consider this Business Insider report from exactly two months ago: “Obama: I saved the stock market.” President Barack Obama says he saved the American economy ... and its stock market. Obama did a victory lap on comedian Marc Maron's podcast, WTF, earlier this week, and Read more [...] Continue reading →

Obamacare Gives Insurers Billions of Dollars

burning money The Obamacare reinsurance plan arbitrarily became a gift to insurance companies that was stolen from those who were required to buy insurance. Obamacare seemed risky and the system had a mechanism for inducing insurance companies to cooperate. That mechanism ended up simply giving insurance companies money. As the Federalist reports: The Transitional Reinsurance Program is one of three mechanisms in Obamacare created to protect insurance companies from the risks associated with entering into Read more [...] Continue reading →

We May See Chick-fil-A Banned in Denver due to Crime of Heresy

eat-more-chicken The CEO believing wrong doctrines on sexuality and marriage may get Chick-fil-A banned. America is now a place where you can be forbidden to make a living if you think the wrong thoughts. If you own a business, it can get you banned. From the Denver Post: “Chick-fil-A location at DIA paused after Denver Council cites chain's LGBT stances.” Chick-fil-A's reputation as an opponent of same-sex marriage has imperiled the fast-food chain's potential return to Denver International Airport, with Read more [...] Continue reading →

Uber Is Our Designated Driver Unless Government Stops It

uber car window The government promotes using a designated driver, but politicians are warring against one that is actually reducing drunk driving. You have heard the advice: Have a designated driver. If you are going to be at a party or some other place that you will have to leave from, have a designated driver who won’t drink and will drive you home. But arranging a designated driver is not always easy. In the first place, many people don’t intend to drink too much and then realize that they are not Read more [...] Continue reading →

Fast Food Business Owners and Employees Are in a Mutual Relationship

chickfilacombo A recent Chick-fil-A decision demonstrates that business owners are not opposed to their employees. The basic stance in the media and in politics has been that fast food business owners are the enemies and exploiters of their employees. Just like telling one lie demands a person make up other lies, so this myth creates others. If fast food business owners are exploiting their workers, this means that a free society is a place where mutually agreed upon payments are detrimental to one class of Read more [...] Continue reading →

The Coming Solar Panel Bailout

solar panels Why a solar panel bailout? Because a solar panel bubble will cause a solar panel bust. Directly funding private corporations isn’t always possible in the United States. It looks like you are taxing the poor to build up the rich. That is because, when you give corporate welfare, you are taxing the poor to build up the rich. So what do you do? You come up with a relatively cheap way to “stimulate” the industry and then, when the inevitable collapse takes place, you portray the situation Read more [...] Continue reading →

What We Should Learn from American Dental Tourism in Mexico

HealthCareCosts American dental tourism in Mexico saves U.S. citizens thousands of dollars. A friend of mine lived in the Seattle area in the early nineties. His experience was that people were constantly driving up to Vancouver, British Columbia, to get laser eye correction procedures. The circumstances that made this such a great deal were as follows: 1) Laser eye surgery was not covered by the Canadian “single payer” (i.e. government funded or socialist) healthcare system. 2) Laser eye surgery was covered Read more [...] Continue reading →

Companies Openly Prove They Expect to Buy Politicians

corruption When corporations make “donations” they mean to buy politicians. There can be no doubt. If you have any doubt that businesses expect to buy politicians when they give them cash, this Politico headline should make you see reason: “Boeing, GE cut off donations to Ex-Im foes.” When House Majority Leader Kevin McCarthy headlined a fundraiser in early June the room was packed with defense industry lobbyists, but reps from one megacontractor were missing — Boeing. Not only was Boeing absent Read more [...] Continue reading →

Why Is the SEC Helping Target CEOs?

wall st bull The SEC is now requiring information to be reported that could easily allow Occupy Wall Street types to target CEOs. The Los Angeles Times reports, “How much do CEOs make compared to their workers? We'll know in 2018.” The Securities and Exchange Commission approved a new rule Wednesday morning requiring publicly traded companies to disclose the pay gap between chief executives and their workers. Chief executives' pay is already disclosed in company proxy statements, so what's new is that Read more [...] Continue reading →

What Happens When a CEO Pays a $70k Annual Minimum Wage?

low income workers Only a few months ago David Price announced his experiment of paying everyone in his company the same annual minimum wage. Already we are seeing results. Back when it was first announced, both Mark Horne and Bob Allen commented on Dan Price’s new payscale. Mark was a bit more pessimistic. He wrote in part: What we don’t know is whether his business will make it under this new scheme. Hopefully it will. But it will bring certain challenges. For one thing, is Price going to expect everyone Read more [...] Continue reading →