Blog Archives

Minimum Wage Reality: Restaurant Charges Extra to Cover Expense

minimum wage

When a business starts losing more money to its employees, it must charge more for goods and services or else cut the number of employees. Politicians increase the minimum wage knowing this, but also hoping that the changes will be

Posted in Business, Economics, Government Control Tagged with: ,

Why Some Corporations Prefer a Bad Economy

business closings

A bad economy is supposed to be tough for businesses. In many ways it is tough for them. But even so, it is possible that they see a silver lining. Consider this post from the Wall Street Journal blog: Not

Posted in Business, Economy Tagged with:

Economic Patriotism or Blackmail? Considering Corporate Loyalty Oaths

Samuel Johnson - Patriotism

In the Daily Beast, Jonathan Altar advocates a kind of economic patriotism that uses “loyalty oaths.” The oaths are to prevent them from “deserting” the country by becoming owned in another nation with a lower corporate tax rate. On top

Posted in Business, Patriotism, Taxes Tagged with: , , ,

Pray that All Dems Campaign on the Economy Like Joe Biden

Biden laughing

Joe Biden was boasting in the great economy we are now experiencing. I can only hope and pray that all Democrats join him. NPR left much of that part of Biden’s message out of their report on job training. So

Posted in Business, Economy, Employment, Jobs Tagged with: ,

Auto Loans: The Entire Subprime Crisis is About to Happen Again

Grand-Theft-Auto-V

When the mortgage crisis hit, many people thought that it couldn’t take down the entire economy and bring about recession. They were wrong. So I have no way of knowing just how much damage the subprime bubble in used car

Posted in Banks, Business, Corruption, Debt Tagged with: ,

How Does Crony Capitalism Improve the Economy? It Doesn't, but It Makes Cronies Richer

cronyism

The most commonly offered alternative to capitalism is not socialism, but corruption, otherwise known as “crony capitalism.” That is when the government gives businesses special favors so that they get either a captive market or subsidies at taxpayer expense, or

Posted in Business, Corruption, Government Control Tagged with: ,

McDonald’s Owners Are As Pessimistic as Ever, So Let’s Double Their Labor Costs

ronald mcdonald sad

You would have to be living under a rock in this country to not realize that there are a shipload of fools who think that it is self evident that McDonald’s restaurants should be paying no less than fifteen dollars

Posted in Business, Economy, Employment, Jobs Tagged with: ,

Elizabeth Warren Comes Out in Favor of Wall Street Loot

elizabeth warren

The U.S. government’s Export-Import bank is being condemned both by liberals and by conservatives right now. You would think with liberal critics like Ralph Nader and others, Elizabeth Warren would be leading the charge. But no. Far from condemning the

Posted in Banks, Business, Corruption Tagged with: , , ,

To the Financial Elite, George W. Bush and Hillary Clinton Seem Interchangeable

printing money 2

I’ve mentioned before that some people are talking up Jeb Bush as a candidate for 2016. This mystifies me because it would, in my opinion, be a nomination that would put Hillary Clinton in the White House. Why would we

Posted in 2016 Election, Banks, Business, Corruption, Federal Reserve Tagged with: , ,

Why Not Make the U.S. a “Tax Haven” for Corporations? Or for Everyone?!

Corporate_taxes

We Americans like to flatter ourselves that we have the lowest taxes in the Western “Democracies.” That’s because we look at individual tax rates. When it comes to corporations, our tax rates are not low at all. There are many

Posted in Business, Spending, Taxes Tagged with: , ,

The Reign of Fear: What It Means That Ex-Employee Claims He Was Fired for Reporting Deputy’s Theft

target dog

All we have in this Washington Post story are conflicting claims. Nothing has gone to court yet. Nothing has been adjudicated. But, in my opinion, the man who was fired from Target is telling what every single reader will acknowledge

Posted in Business, Crime, Law Enforcement, Police State Tagged with: , , , ,

Think Unions Are Opposed By Big Business? Think Again!

afl-cio seal

So, did you hear how workers at the VW plant in Chattanooga recently voted down an attempt by the United Auto Workers to organize? The union thugs were really, really mad about it, but they lost. Oh, but there’s more

Posted in Business, Unions Tagged with: , , , ,