The idea that higher revenues can be raised by lowering tax rates seems counter intuitive to many. In fact, politicians who campaign on lowering taxes are often derided as liars, especially in light of budget deficits. It is often asked: how can anyone promise to cut taxes when the government is already short on revenue?…
One term which is often incorrectly inserted into political discourse is corporate personhood. Corporate personhood is a legal concept that arises from the extension of certain rights to market entities for the purpose of facilitating commerce and protecting individuals. Its application to campaign finance law has many erroneously rallying against the legal concept with slogans…
1. Unfunded Liabilities The national debt is at an all-time high of around $16 trillion. That’s scary enough. But it turns out that number is just piercing the surface. If you include all the unfunded federal obligations to Social Security and Medicare it would add up to near $116 trillion!
1. Digital Storage In the next decade we will see personal storage devices for digital media abandoned for cloud storage, as large capacity cloud storage will liberate people from the need of having external hard drives. However, it will be short lived, as by the time people switch to clouds technological advancement will give us…
My life was roller coaster of emotions and stressful thoughts until I learned how to own my happiness. Here are 10 tips I wish I had figured out sooner that allowed me to do so. 1. Goals It’s important to have things to strive for, both big and small. It keeps you motivated on hard…
The root of authoritarianism is collectivism; the negation of individual rights for the supposed better of the collective. Tyrants do not ascend to power by promising despotism, oppression, and corruption. They come to power promising to make things better for the majority, usually calling for a racial, religious, or economic minority to be eliminated. The…
The case for higher minimum wages across the country is based on the premise that Americans cannot keep up with the cost of living. Recently I came across a post that charged Wal-Mart was irresponsible because a high number of their employees were receiving state benefits. The post claimed that Wal-Mart’s wages are so low…
It isn’t hard to notice an increased sense of entitlement in younger generations today, mine included. It is partly due to a culture of entitlement which pervades American society and demands comfortable, high quality lifestyles without understanding that one should work for what one wants. Ask a teenager what makes a country or a government…
One of the biggest stories this year has been the release of nude photos of celebrities that were stolen from Apple’s iCloud. The theft and release of such photos is clearly a violation of privacy and an act of voyeurism. I must admit, however, that like many Americans, I did not feel much pity for…
The Law by Frédéric Bastiat Influenced heavily by John Locke and Henry Hazlitt, The Law is an exploration of individual rights and the proper role of government. Bastiat lays out the case for individual rights of man and the morality of defending those rights. The State, being a collective of individual forces, is properly used…
Auto repair can be costly. In times like these, where many Americans are feeling the pinch of the economy, having something break on your car can be devastating. Garages charge nearly $100 an hour in labor in addition to the markup on parts. Even a simple job can leave an unwanted dent in your already…
While some schools are better than other, generally basic economic lessons are absent from public school curriculum. These are vital lessons needed to understand the world around them. Here are just five lessons I wish someone had taught me in school. 1. Prices Why do some things cost more than others? Why does the price…