Libertarian Institute, November 2, 2022 Biden, Our Boneheaded Chip Czar by Jim Bovard Jubilation erupted in Washington this summer as politicians lurched towards commandeering a key swath of the American economy. Congress passed Biden-backed legislation known as the Chip Act to spend $52 billion subsidizing semiconductor production. A Washington Post headline hailed “a big month […]
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A common belief among especially American conservatives is that welfare breeds dependency and even poverty. The former is easy to understand. Give a man a fish, and you feed him for a day; teach him to fish, and you feed him for a lifetime, as the saying goes. The evidence that welfare does indeed breed […]
by NoahWhenever I encounter Republicans, they mouth a lot of fear-based nonsense in defense of their Putin-loving president and their hate for "others." One of the most common things I hear from such people is "Socialism never works." They don't like their money going to other people, especially "other" kind of people. They say this while approving of the fact that billions and billions of their (and our) taxpayer dollars are going to U.S.
Wednesday morning, Reuters broke an explosive story about how Foxconn is reconsidering the bullshit deal they made with Scott Walker, Paul Ryan and Trump "to make advanced liquid crystal display panels at a $10 billion Wisconsin campus, and said it intends to hire mostly engineers and researchers rather than the manufacturing workforce the project originally promise
The orthodoxy that dominates today’s Republican Party — and the ranks of “business-friendly” Democrats — rests on a simple approach to economic policy. Let’s be nice, this orthodoxy holds, to rich people.
Let’s be particularly nice at tax time. Let’s keep taxes on rich people, conservatives advise us, as low as possible. High taxes on high incomes, they argue, discourage entrepreneurship. No one with a great idea for a new business enterprise is going to start that business, their argument goes, if Uncle Sam is just going to tax away the rewards that a new business could bring.
Imagine for a moment a scheme in which American taxpayers were taken to the cleaners to the tune of hundreds of billions of dollars and there was barely a hint of criticism or outrage. Imagine as well that the White House and a majority of the politicians in Washington, no matter the party, acquiesced in the arrangement. In fact, the annual quest to boost Pentagon spending into the stratosphere regularly follows that very scenario, assisted by predictions of imminent doom from
During the 2016 presidential campaign, Donald Trump won over many American voters by his promise to put “America First.” Though this catchphrase was thought – at the time — to imply a populist message of putting the American people first, Trump has largely failed to deliver on his promises to roll back the corporate welfare state and instead invest in everyday Americans — as evidenced by his tax reform bill, the only legislative “victory” of his young presidency.
-by NoahRepublicans love to dole out that corporate welfare. They do it knowing that some of it will come back their way at election time and when there's a vote in Congress on something that might help grow the corporate offshore bank accounts or end the corporate welfare itself.
Just south of Washington, in Prince William County, Virginia, the board of supervisors is about to decide whether to issue $35 million in bonds to build a new baseball stadium for the Potomac Nationals. The board just rejected a proposal to let the taxpayers vote on the issue.
This clip contains the viral Carrier Indianapolis plant video (also available here), then includes a discussion of why this is so bad, and why this was entirely discretionary by United Technologies (UTC), the company's owner.
