We Do Not Live in a Post-Scarcity WorldJeremy Rifkin long has perfected the art of adding two and two and getting five. In the 1980s, he claimed that entropy made it impossible for a free economy to exist, and therefore Rifkin concluded the state needed to plan and run things. How the state would triumph over the second law of thermodynamics is anyone's guess. He later declared that a new "hydrogen economy" was just around the corner -- government just needed to engage in central planning and order hydrogen to be our new fuel of choi... (more)
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A List Of 97 Taxes Americans Pay Every YearIf you are like most Americans, paying taxes is one of your pet peeves. The deadline to file your federal taxes is coming up, and this year Americans will spend more than 7 billion hours preparing their taxes and will hand over more than four trillion dollars to federal, state and local governments. Americans will fork over nearly 30 percent of what they earn to pay their income taxe... (more)
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The Truth About Banking, Busts and Bailouts
It took 150 years to blow up the banking sector - a brief history of a slow detonation.
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Government Rules Deny Drug To Dying ChildThe FDA's rules and regulations all but outright forbid drug companies from giving their drugs to dying children, yet CNN wrote up a propaganda piece attacking a drug company for "denying their drug to a dying child."
Fortunately, the top commenter cut right through the propaganda and debunked the entire story.
Perhaps CNN will soon join other establishment media outlets and ba... (more)
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We Are In FAR Worse Shape Than We Were Just Prior To The Last Great Financial CrisisNone of the problems that caused the last financial crisis have been fixed. In fact, they have all gotten worse. The total amount of debt in the world has grown by more than 40 percent since 2007, the too big to fail banks have gotten 37 percent larger, and the colossal derivatives bubble has spiraled so far out of control that the only thing left to do is to watch the spectacular crash landing that is inevitably coming. Unfortunately, most people do not know the information th... (more)
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Harvey Weinstein Demands More Tax Subsidies, SOPA-Style Copyright SchemeFrom Variety.com:
Harvey Weinstein, appearing at the UCLA Entertainment Symposium in interview with Ken Ziffren, Los Angeles’ newly appointed film czar, called for California to expand its production tax incentives.
“There’s no reason fo ... (more)
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Weather or Not?Everyone agrees that the winter just now winding down (hopefully) has been brutal for most Americans. And while it's easy to conclude that the Polar Vortex has been responsible for an excess of school shutdowns and ice related traffic snarls, it's much harder to conclude that it's responsible for the economic vortex that appears to have swallowed the American economy over the past three months. But this hasn't stopped economists, Fed officials, and media analysts from making this unequivocal ass... (more)
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IRS Poll Shows Majority Of Americans Pay Taxes Out Of FearSixty percent of Americans told pollsters fear of an audit influences their decision to pay taxes to the IRS. Note, only fifty-three percent of Americans pay federal income taxes.
See how CBNC managed to spin this as a positive:
The IRS Oversight Board's annual taxpayer survey finds that 86 percent of Americans thinks it's not at all ac ... (more)
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Duke University Student Says She Became Porn Actress Because Tuition Is So Expensive
Porn star Belle Knox said she turned to porn because college tuition towards her women's studies degree was some 60k a year.
I have to say, I am SHOCKED and OUTRAGED this young woman would THROW HER LIFE away...
... (more)
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Getty Images Makes Pictures Free To UsePretty amazing change, they used to be despicable copyright trolls. |
US Government Will Continue Interfering With Apple Pricing DecisionsA federal court has ruled that a US Department of Justice "monitor" will remain inside Apple Computer to supervise all the company's pricing decisions.
The "monitor," Michael Bromwich, was appointed when Apple lost an anti-trust case involving E-books. He bills for his time at $1,100 an hour and charged $138,432 for his first two weeks of "work."
Apple has filed an appeal which labels Bromwich's appointment "unprecedented and unconstitutional." This “monitor&r... (more)
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"Doing my online econ homework. I knew it wasn't the 'right' answer but I had to try." [Pic]
"The prompt is "the federal government's nutritional guidelines urge adults to eat at least 5 cups of fruits and vegetables each day." then it asks a question about externalities and then "the government should...", Although the two questions are not directly related. And the correct answer is D." - From parkowl via r/Libertarian.
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WhatsApp With That?Two pieces of business news announced this week provide a convenient frame through which to view our dysfunctional and distorted economy. The first (which has attracted tremendous attention), is Facebook's blockbuster $19 billion acquisition of instant messaging provider WhatsApp. The second (which few have noticed) is the horrific earnings report issued by Texas-based retail chain Conn's. While these two developments don't seem to have much in common, together they shed some very unflattering l... (more)
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