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Posts Tagged ‘income redistribution’

Income Distribution in America

Posted by Larry Doyle on March 13th, 2013 6:19 AM |

I would like to believe I am the ultimate free market capitalist. I embrace and respect those who take risk and embody the entrepreneurial spirit that is the engine of our nation.

I detest and abhor those who utilize their positions to further a spirit of crony capitalism in America. I would count many of our politicians from both sides of the aisle in this camp.

How do we advance the former group while exposing the latter? Well, that is a topic for another day.

Today let’s review a brief video (thank you to the readers who brought this to my attention) that some may like to use to advance a liberal agenda of income redistribution. I strongly believe that approach would be an enormous mistake, and merely serve to perpetuate and exacerbate our current problem with cronyism and government handouts/bailouts. Watch the video, and then I’ll make a few comments:  (more…)

Healthcare “Right” Comes with Responsibility

Posted by Larry Doyle on March 24th, 2010 9:22 AM |

Do you hear that large sucking sound? Those are the engines of wealth redistribution humming in Washington.

Let’s stop the bulls&%#! President Obama’s healthcare reform, much like many of his other initiatives, is all about wealth redistribution. Whether that’s a good thing or a bad thing is a topic for another post, but that is how I see it. I said as much in January (“Healthcare Reform to Make You Ill”), and I will repeat today:

Ultimately, the reform as drafted is a massive redistribution program.

The New York Times addresses this redistribution this morning in writing, In Health Care Bill, Obama Attacks Inequality: >>> (more…)

The Global Economic Horizon

Posted by Larry Doyle on March 14th, 2009 2:45 PM |

While there is nothing like a nice 10% rally in equity markets to salve a wounded soul, let’s not get overly ebullient. The global economy is facing a host of issues the likes of which it has not seen in a long time, if ever.

I truly relish the honest perspectives offered by a number of our Thought Leaders. A recent piece posted by Professor Ken Rogoff, a former chief economist for the International Monetary Fund, and currently a professor of Economics and Public Policy at Harvard, lays out a logical road map for global interest rates, economic growth, sovereign defaults, and inflation. Let me preface Rogoff’s piece by stating the road will be long and steep!

What does Rogoff think about the prospects here in the United States under the Obama administration?  He writes, “US long-term growth could be particularly dismal, as the Obama administration steers the country toward more European levels of welfare assistance and income redistribution.”

I strongly recommend Rogoff’s  What is the Deficit Endgame?  Please access a wealth of other global perspectives at the Thought Leaders link (in the left sidebar), which provides access to leading global economists and over 400 periodicals from around the world.

LD






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