Tag Archive | "wealth creation"

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Confiscating wealth in the name of fairness

Confiscating wealth in the name of fairness

An excellent article in the June issue of Commentary Magazine, taking to task President Obama’s broad attacks on the wealth-producers in American society in the name of fairness.  Author Francis Cianfrocca in “Wealth creation under attack”  points out the flaws in this reasoning:

The United States is organized on the principle of the consent of the governed. Power and legitimacy do not flow from the state to the people, but the other way around. In this respect, what individuals do is…

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Posted in Economy, Features, Personal Liberty, ZeitgeistComments (1)

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That G20 Communique

That G20 Communique

Yesterday’s communiqué from the leaders of the G20 – a motley collection of democracies and dictatorships – has some good points, but in general it represents a new version of what economist Friedrich Hayek called “the fatal conceit.” It believes that government has all the answers, and demonstrates that the world’s leading governments recognize few boundaries. As such, not only does the communiqué promise far more than it can deliver – something the voters in G20 democracies should remember – but…

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Posted in International, Regulation, TradeComments (1)

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“Net Neutrality,” RIP? Well, One Can Hope

“Net Neutrality,” RIP? Well, One Can Hope

Net neutrality has long been a threat to Internet users. Despite the rhetoric and appeals to “openness,” it was always an anti-consumer enterprise, irretrievably and irrevocably set against the concept of infrastructure wealth creation (as if content and infrastructure companies in free markets were somehow sworn enemies). It smacked of “infrastructure socialism.”

Now Google, neutrality’s chief proponent in Washington, FCC and policy circles, wants to secure for itself its own “fast track” on the Web, in conjunction with telecom and cable…

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Posted in Bailout Watch, Economy, Privacy, Regulation, Tech & TelecomComments (4)

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Tories Retreat From Green Taxes

A major part in the rebranding of the British Conservative Party following a traumatic election defeat (sound familiar?) in 2005 was a turn to environmentalism. Part of this was a plan to introduce “green taxes,” theoretically shifting the focus of taxation from labor (taxing a ‘good’) to carbon production (taxing a ‘bad.’) This morning, however, The Guardian confirms what many have been saying for some time; the Tories have decided

To downgrade green taxes in response to growing unease that these could…

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Posted in Economy, Energy, Environment, Global Warming, International, SanctimonyComments (2)

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