What Would Happen If the One Percent Disappeared?

If the one percent are such a drain on the economy, why not just send them away? The Daily Signal posted a great essay on the nonsense about having government address “income inequality.” Dave Azerrad writes: “Here’s a Way to Slash Inequality: Exile the 1 Percent.” Potential presidential candidates looking to make a splash should consider the following bold proposal to solve our inequality problem once and for all: exile the top 0.1 percent of income earners. Round up all 136,080 taxpayers Read more […]

Fed Reports Quantitative Easing Is Working

Yeah, those mean ol’ Republicans always standing up for the rich folk! I wish we could get a Democrat in the White House so the little people could do well… wha… huh… wait! The Washington Times headline says it all: “Fed: Under Obama, only the richest 10 percent saw incomes rise.” Under President Obama, the richest 10 percent were the only income group of Americans to see their median incomes rise, according to a survey released this week by the Federal Reserve. The Fed data Read more […]

Hillary Clinton Makes Rock Star-Level Demands for Those Hiring Her to Speak

You may remember that at least one university tried to keeps secret the massive amount of money they were paying Hillary Clinton to speak on campus. But the Daily Mail is reporting that some of her contractual arrangements to speak have been brought to light. Hillary Clinton, the former secretary of state who is preparing to run for president on a populist platform of fighting income inequality, demanded $2,777 per minute for two university speaking engagements and insisted on contracts that cut Read more […]

Money-laundering Machine Tries to Cover for Hillary Clinton

How do you keep your candidate loyal and reward him or her for good behavior? The very wealthy typically support colleges and universities. Thus, I have written before on how Ben Bernake’s lucrative speaking gigs are a way that our ruling class awards him for a job well done. I am sure Janet Yellen has noticed that and is planning accordingly. It seems that, with Hillary Clinton, people are catching on. Our rulers are pushing back. Thus, from the Daily Signal: “University at Buffalo Refuses Read more […]

There Ain’t No Such Thing As A Free Lunch—Or It Is Not Enough Without Free Cash?

I have to admit that this story, in the Sydney Morning Herald is one of the best I have ever read. A stunt by a Chinese tycoon to provide free lunch to 300 homeless people in one of New York’s finest restaurants degenerated into a shambles as word spread that the participants would not be receiving an expected cash handout. The first simmerings of discontent emerged in Central Park’s Loeb Boathouse – backdrop for films such as When Harry Met Sally and television shows including Sex and the Read more […]

Washington Post: The Embedded Tick On The Potomac Keeps Swelling

Here is an animated map from the Crony Chronicles blog showing how the median household incomes in the counties around Washington DC have risen over the last 42 years. It is like watching a giant tick on the nation swell with blood. The Washington Post reports today: So much money to be had if you know where to look. The avalanche of cash that made Washington rich in the last decade has transformed the culture of a once staid capital and created a new wave of well-heeled insiders. The winners Read more […]