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Friday, November 24, 2017

In Response to a Millennial Socialist

Bernie Sanders was carried to the center stage in national politics by his unrelenting message on "inequality" and economic redistribution
Today, we live in the richest country in the history of the world, but that reality means little because much of that wealth is controlled by a tiny handful of individuals. The issue of wealth and income inequality is the great moral issue of our time, it is the great economic issue of our time, and it is the great political issue of our time.

Thursday, November 23, 2017

Basic Income: Do-Goodery Gone Bad

Nobel Prize Economist Wants to 
Merge Socialism with Basic Income

After a decade of fiscal crisis in Europe, and the United States breaking through the symbolic barrier of a government debt exceeding 100 percent of GDP, a lot of thinkers have fielded ideas about entitlement reform. The debate itself is welcome, especially since it is easy to show that Europe's perennial economic problems are directly traceable back to the welfare state. However, the contributions to the debate rarely produce any real, entitlement-ending solutions. Instead, suggestions tend to zero in on transforming existing entitlement programs into something that looks easier to operate and give the allure of shrinking government.