Latest Posts

Home

Facebook

Twitter

Search
About

Becoming an American: how our Elite has Cheapened Citizenship

My friend from Egypt came to our country many years ago in hopes of being a citizen. He loves America, loves the West and all it stands for: freedom and prosperity. He thinks our lax approach to immigration betrays a terrible naiveté and a dangerous lack of care for preserving American culture, the culture that attracted him to move here. He did not come all the way from Egypt to live in a chaotic, socialist nation. He could have gone many places around the globe, or just stayed in Egypt, for that. ...

Continue reading

Congress: Help Small Employers Offer Retirement but Fairly Allocate Its Costs

I recently wrote about a bill called "RESA" (Retirement Enhancement and Savings) quickly making its way through Congress; it would entice small employers with a tax break to offer retirement benefits to employees by allowing them to band together, acting like a larger employer that can afford to manage and pay for the administration of 401(k) and IRA plans. I applauded the idea but complained that the cost of RESA (lost tax revenue) was being loaded solely onto my kids should they inherit the plans from me, probably at their highest lifetime tax rate. The idea that they would be force-marched...

Continue reading

Let’s Help Small Employers Offer 401(k)s But Not at the Expense of My Kids

It has been decades since Congress addressed retirement plans in a comprehensive way; the Left is capitalizing on that by getting states to offer defined benefit plans for low-income private sector employees. Several states including California (of course) have already passed the legislation needed to begin what will essentially become state-managed pensions for everyone. That is a bad idea worth killing by offering a better idea. The President and Congress are thinking about ways to help smaller employers band together so they can offer a retirement plan to their employees but who pays to get this done? Your kids. ...

Continue reading

Milton Friedman: Capitalism or socialism, which is more humane?

Collectivist, Big Government policies are being increasingly openly espoused by mainstream politicians. Socialism, that discredited relic of the 20th century, is having 'a moment'. These idea are frequently presented as being more 'fair' or 'humane' than free market capitalism. But are they? In this video below, from 1978, the economist Milton Friedman explains the relative humanity of capitalism and socialism. ...

Continue reading

Venezuela hikes its minimum wage and trashes employment. What are the lessons for Minnesota?

It is heartbreaking to see the people of Venezuela, formerly the poster child for 'democratic socialists' like Sen. Bernie Sanders, reduced to being lab rats in another experimental proof of the the awfulness of socialist economics. But there are lessons in this and the least we can do is learn from them. ...

Continue reading

How government can keep housing affordable for everyone: stop making housing more expensive and stop trying to help

Before our legislature or local governments try anything new, or tap more taxpayers dollars, they should first analyze how state and local regulations drive the costs of building and maintaining rental and other housing, especially for people who are cost sensitive: students, young people just getting a start and for low-income residents, including the elderly who are in fixed incomes....

Continue reading

1968 around the world

Fifty years ago this week the Soviet Union invaded Czechoslovakia to crush a pro-democracy political movement. Five days later, protesters gathered in Chicago to demonstrate at the Democratic convention there. Waving communist flags, these mostly middle class kids claimed to be living in a fascist state. One wonders what the Czechs would have made of that.  ...

Continue reading