The Problem of Elizabeth Warren’s Wealth Tax Plan

The Problem of Elizabeth Warren’s Wealth Tax Plan

Elizabeth Warren is among the strongest contenders and Democratic hopefuls for the presidential election of 2020. During the fourth Democratic debate, on October 15th, 2019, the economic policy of Elizabeth Warren, also known as the “Wealth Tax Plan,” was given close attention regarding how it could reduce income inequality in the United States.  The central argument about the wealth tax proposal of Senator Warren is that; through a progressive wealth tax system, which means those with higher income will pay higher taxes; the wealthiest people in America will pay their “fair share” and that...

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A National $15 Minimum Wage Would Be A Huge Mistake

A National $15 Minimum Wage Would Be A Huge Mistake

The debate about raising the minimum wage is a hot topic among presidential candidates and voters across the spectrum. The whole Democratic Party is in favor of increasing the federal minimum wage to $15 an hour, and 56 percent of the American electorate agrees with that proposal. Prominent hopefuls in the Democratic Party like Bernie, Warren, Kamala or Cory Booker, are all pushing for increasing the wage to $15. A $15 minimum wage sounds awesome in theory, but it’s going to be a big mistake if that proposal became law. It will have many negative effects on the people, and on the economy as...

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Mixed Economy and  the Danger of Central-Planning

Mixed Economy and the Danger of Central-Planning

In 1944, Friedrich von Hayek, one of the greatest economists and political philosophers in modern history; published his magnum opus entitled The Road to Serfdom. In his book, Hayek warned free societies about the dangers of government intervention. He argued that government intervention leads to totalitarianism. The Great Depression and World War II were the two main factors that encouraged most first world countries to embrace government intervention and central-planning to solve problems. Today, most countries in the world, and especially developed nations, including the United States;...

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The Gold Standard Did Not Create The Great Depression; The Federal Reserve Did!

The Gold Standard Did Not Create The Great Depression; The Federal Reserve Did!

Today, the conventional discourse is to believe that the Great Depression was created by a failure of laissez-faire economics; a failure of the free-market; and a failure of an unregulated economy. This is the narrative that has been constructed and which is now construed in all classes of political science and history taught to students. Modern Intellectuals and economists have furthered this narrative by asseverating that the gold standard was the real cause of the market failure, thus government intervention was consequently legitimate to rescue the economy. This is a myth that must be...

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The Failure Of Socialism: The Venezuelian Experiment

The Failure Of Socialism: The Venezuelian Experiment

Socialism has reappeared again as an alternative to capitalism in the United States. In a few words, socialism is a political ideology and an economic system in which the state determines the price of labor, retains the means of productions, confiscate private ownership, and fully controls every aspect of the life of the citizen through coercion in the name of equality. Vladimir Ilych Ulyanov, commonly known as Lenin; was the first political leader on earth to apply the precepts of socialism dictated by Karl Marx; in practice. Subsequently to that, following the Soviet lead, China opted for...

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Last Rights: The Death of American Liberty

Last Rights: The Death of American Liberty

Americans today have “freedom” to be fleeced, groped, injected, harassed, surveilled, vilified, disarmed, beaten, detained, and maybe shot by federal agents. From hapless homeowners hit by SWAT raids to pandemic lockdowns pointlessly paralyzing lives, government...

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