Traditional Corporate and Government Pension Plans are Unsustainable Traditional Pension plans in which a government entity or corporate entity self-funds and manages pension benefits have outlived their usefulness for retirees. Such plans, intended to pay out guaranteed retirements, have proven … Continue reading →
Income Inequality, Government vs. Private Jobs The United States has to rethink the nature and cost of government jobs. Government jobs, especially federal jobs are paying far better than the private sector. In 2008 federal workers averaged wages of $8,000 … Continue reading →
Entitlements are coming home to roost Government entitlement programs are coming home to roost. In June, scholars at George Mason University wrote, Pension plans operated by state governments on behalf of their employees are underfunded by an estimated $452 billion … Continue reading →
The Wikileaks site has created turmoil because it represents a contest between two major principles of governance: security and transparency. Modern political theory since Hobbes argues that security is the main reason for a government to exist. It creates a … Continue reading →
Last week General Motors went public. General Motors has been resurrected by a taxpayer bailout. When the company sought bankrupty protection, the US government bought the company through an infusion of $49.5 billion in cash. The company was restructured, closing … Continue reading →
Toward a Truly Free Market: A Distributist Perspective on the Role of Government, Taxes, Health Care, Deficits, and More by John C. Medaille (ISI Books, Wilmington, Delaware, 2010) is a genuine contribution to the discussion of how to fix the … Continue reading →
I take neoclassical economics to be more the branch of modern economics that renews emphasis on the foundational thoughts of Adam Smith and David Ricardo, than on the synthesis that gives government a role in the economy such as the … Continue reading →
The problem with current U.S. economic models is that they focus on consumption. This model is reflected not only in many recent economic “stimulus” plans like auto and appliance rebates, subsidized home mortgages, and government jobs programs, but it is … Continue reading →
Neither Left or Right Today we have strong movements on both the left and the right that are focused on either big government or large corporations. On the left, we have established liberals and anti-capitalist ideologues attacking Wall Street but … Continue reading →
The recent idea of President Obama and Democrats about adding a VAT (Value Added Tax) to help pay for health care is serious mistake. It will cause more job loss and end up generating less tax revenue than projected. Why? … Continue reading →
