Economy  (Page 6)

Some States Want to Raise Gas Tax for First Time in Decades

Comments
Permalink
Posted by  ▪  Tuesday, February 21, 2017 at 1:00pm 2/21/2017 at 1:00pm

With higher construction costs and low revenue from low pump sales, a few states have considered raising the gasoline tax in an effort to raise funds for infrastructure.

President Donald Trump has promised to put forth $1 trillion to fix infrastructure across the country, but state officials have realized they need to...

Read More...
 
 
 

Bill Gates: Robots Should Pay Taxes, Too!

Comments
Permalink
Posted by  ▪  Saturday, February 18, 2017 at 1:00pm 2/18/2017 at 1:00pm

Bill Gates is arguing for a robot tax on businesses and, by clear and obvious extension, on consumers.

Fox News reports:

Bill Gates, the co-founder of  Microsoft and world’s richest man, said in an interview Friday that robots  that steal human jobs should pay their fair share of taxes.

“Right now, the human worker...

Read More...
 
 
 

Do We Need A “Federal Job Guarantee”?

https://youtu.be/H2Kc3OD3TQU
Comments
Permalink
Posted by  ▪  Saturday, February 11, 2017 at 6:30pm 2/11/2017 at 6:30pm
https://youtu.be/H2Kc3OD3TQU

A group of academics has published an article in the socialist publication Jacobin in which they advocate for a “federal job guarantee.”  This proposal entails a guaranteed minimal income of $23,000 per year and “rising to a mean of $32,500” to people who do not have jobs.  This money would come,...

Read More...
 
 
 

Marijuana Sales Top $1 Billion in Colorado, Washington Combined

Comments
Permalink
Posted by  ▪  Saturday, February 11, 2017 at 5:00pm 2/11/2017 at 5:00pm

Colorado and Washington, two states that sell marijuana legally, enjoyed hefty sales on the drug in 2016.

Colorado sold more than $1.3 billion worth of marijuana and marijuana products while Washington saw $972 million during its 2016 fiscal year.

The legal sales meant more tax revenue for the states, which brought in $200...

Read More...
 
 
 

Will the House GOP Border Tax Survive?

Comments
Permalink
Posted by  ▪  Wednesday, February 8, 2017 at 2:30pm 2/8/2017 at 2:30pm

The Republicans in the House have suggested to overhaul the tax code with a “border-adjustment” proposal, but it has caused a massive split with companies before anyone has even drafted legislation.

I brought up this proposal when President Donald Trump explained that he would make Mexico pay for a border wall by...

Read More...
 
 
 

PragerU: Why Is America So Rich?

Comments
Permalink
Posted by  ▪  Thursday, January 26, 2017 at 3:30pm 1/26/2017 at 3:30pm

America rules. But why do we remain one of the richest nations? Should we thank the government or the entrepreneurs?

 
 
 

Walmart, GM, Amazon Develop Plans to Create Jobs in U.S.

Comments
Permalink
Posted by  ▪  Tuesday, January 17, 2017 at 2:30pm 1/17/2017 at 2:30pm

Three more American companies have announced plans to add and keep jobs in America on the heels of President-elect Donald Trump’s inauguration on Friday. Walmart wants to add 10,000 jobs in 2017 across the country while General Motors (GM) will invest $1 billion into several factories to help more than...

Read More...
 
 
 

Reuters: Gosh, Trump May Ruin Mexico’s Economy

https://youtu.be/fupp2plTEI0
Comments
Permalink
Posted by  ▪  Sunday, January 8, 2017 at 7:00am 1/8/2017 at 7:00am
https://youtu.be/fupp2plTEI0

Following the news that Ford had cancelled its planned $1.6 billion auto assembly plant in Mexico, Mexican officials are concerned about the impact this will have on their economy.

The Wall Street Journal reports:

Ford Motor Co.’s decision to cancel a planned $1.6 billion assembly plant in the Mexican industrial city of San Luis...

Read More...
 
 
 

Trump Effect? Ford Cancels Mexico Plant, Invests in Michigan Instead

Comments
Permalink
Posted by  ▪  Tuesday, January 3, 2017 at 2:30pm 1/3/2017 at 2:30pm

Ford has announced the company will cancel the $1.6 million plant it planned to build in Mexico. Instead, the company will invest $700 million in Michigan:

Ford (F) CEO Mark Fields said the investment is a “vote of confidence” in the pro-business environment president-elect Donald Trump is creating. However, he stressed Ford...

Read More...
 
 
 

Prager U: How does the minimum wage work?

Comments
Permalink
Posted by  ▪  Friday, October 21, 2016 at 3:30pm 10/21/2016 at 3:30pm

The newest video from Prager U explores exactly how the minimum wage works and why it actually harms workers because businesses have to spend more to keep themselves afloat. Higher wages means less jobs.

 
 
 

Venezuelan Government Eases Price Controls On Food, Other Essentials

https://youtu.be/JAhQ-9C1VAU
Comments
Permalink
Posted by  ▪  Saturday, October 15, 2016 at 3:30pm 10/15/2016 at 3:30pm
https://youtu.be/JAhQ-9C1VAU

The economic crisis in Venezuela canaptly be described as a centralized control crisis, a crisis socialist and communist states know and for some reason insist on repeating.  Over and over.  We’ve seen the reports on shortages ranging from toilet paper to food, and rather than risk a revolution that would topple...

Read More...
 
 
 

Pension Cuts in Greece Nearly Lead to Riots

https://youtu.be/o0BJOfWpobw
Comments
Permalink
Posted by  ▪  Tuesday, October 4, 2016 at 7:00am 10/4/2016 at 7:00am
https://youtu.be/o0BJOfWpobw

It looks like putting the left wing Syriza Party in control of Greece hasn’t changed much. The country is still broke, still struggling to make cuts and there is still unrest. In fact, recent pension cuts nearly led to rioting.

The Telegraph UK reports:

Greek police pepper spray protesting pensioners

Greek police on Monday...

Read More...
 
 
 

Prager U: Income Inequality is GOOD

https://www.youtube.com/watch?v=1e35Vf-9n8E&feature=youtu.be
Comments
Permalink
Posted by  ▪  Monday, September 5, 2016 at 4:57pm 9/5/2016 at 4:57pm
https://www.youtube.com/watch?v=1e35Vf-9n8E&feature=youtu.be

What if everything you’ve heard about income inequality is wrong? What if it’s actually a good thing for there to be people who are rich and people who aren’t? John Tamny, editor of RealClearMarkets, clarifies one of the big misunderstandings of our time.

 
 
 

Honey Bees: Collateral Damage in Fight Against Zika

Comments
Permalink
Posted by  ▪  Sunday, September 4, 2016 at 2:30pm 9/4/2016 at 2:30pm

There is another disturbing report related to the spread of the Zika virus; however, this one doesn’t involve birth defects or neurological problems.

Millions of honey bees were killed after areas of South Carolina were sprayed to kill the mosquitoes that transmit the pathogen.

“On Saturday, it was total energy, millions of bees...

Read More...
 
 
 

Polish Official: Brexit May Prompt Other Countries to Leave EU

https://youtu.be/HHPRS-EqGgs
Comments
Permalink
Posted by  ▪  Sunday, September 4, 2016 at 10:30am 9/4/2016 at 10:30am
https://youtu.be/HHPRS-EqGgs

Brexit has caused quite the kerfuffle among the countries of the European Union (EU), and amid the dire warnings of lasting DOOOM!, the Polish Finance Minister notes that Brexit shows that the EU is not the only option for the nations of Europe.

CNBC reports:

The U.K.’s Brexit vote may have changed attitudes...

Read More...
 
 
 

Obama creates world’s largest marine reserve – good for fish, not so good for fishermen

https://youtu.be/dCEvX6zQqbc
Comments
Permalink
Posted by  ▪  Saturday, August 27, 2016 at 7:00am 8/27/2016 at 7:00am
https://youtu.be/dCEvX6zQqbc

In a move that is being hailed as cementing his conservation legacy, Obama has, with the stroke of his pen, expanded a national marine monument off the coast of Hawaii to over 582,578 square miles.  This move will, however, destroy commercial fishing and potential drilling and mineral collection in a vast...

Read More...
 
 
 

Study Shows Raising Minimum Wage in Seattle Did Little to Help Workers

Comments
Permalink
Posted by  ▪  Sunday, July 31, 2016 at 2:00pm 7/31/2016 at 2:00pm

Minimum wage hikes sound great on the surface, but as we’ve been reporting here at LI, such hikes tend to do the opposite of their proponents’ stated intention.  From forcing businesses to fire employees, cut hours, and find technological replacements for workers, minimum wage hikes are counter-productive, even destructive to...

Read More...