socialism

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A marina filled with luxurious yachts, with an azure sea backdrop, epitomizing the maritime lifestyle of the wealthy
A marina filled with luxurious yachts, with an azure sea backdrop, epitomizing the maritime lifestyle of the wealthy

Who Is Creating More Value For Society? Jeff Bezos or Bernie Sanders?

Michael R. Strain of the American Enterprise Institute has noted: Billionaire innovators create enormous value for society. In a 2004 paper, the Nobel laureate economist William D. Nordhaus found “that only a minuscule fraction” – about 2.2% – “of the social returns from technological advances” accrued to innovators themselves. The rest of the benefits (which is to say, almost all of them) went to consumers. If Amazon founder Jeff Bezos is worth $170 billion, then according to Nordhaus, he’s created over $7.7 trillion in value for society. Bezos has made each American around $23,000 richer. But Vermont Senator Bernie Sanders thinks an innovator’s 2.2 percent is too much. Sanders tweeted “Billionaires should not exist.” Continue reading on Substack.

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Safe-haven currency for investment, financial concept : US 100 USD dollar banknotes on a table, depict most popular asset for central bank reserve / global money for using or paying debt in the world
Safe-haven currency for investment, financial concept : US 100 USD dollar banknotes on a table, depict most popular asset for central bank reserve / global money for using or paying debt in the world

“Taxing All Income The Same” Done Right

“Taxing all income the same” is the right idea. Without it, we are lost at sea where every possible stupidity can be justified by “fairness.” This is the principle of Uniformity, and it should be the basis for our tax system of the future. Read More ›
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Congressman Tom Cotton of Arkansas speaking at the 2013 Conservative Political Action Conference (CPAC) in National Harbor, Maryland.
Photo by Gage Skidmore (CC BY-SA 2.0)

Senator Cotton’s Stand

Today, Arkansas Senator Tom Cotton introduced legislation to ban critical race theory trainings in the United States military. The bill is concise, and desperately needed. Read More ›
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Subversive Education

Last year, the Wake County Public School System, which serves the greater Raleigh, North Carolina area, held an equity-themed teachers’ conference with sessions on “whiteness,” “microaggressions,” “racial mapping,” and “disrupting texts,” encouraging educators to form “equity teams” in schools and push the new party line: “antiracism.” Read More ›
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Critical Race Fragility

The Left has denounced the “war on woke,” but it is afraid to defend the principles of critical race theory in public debate. Read More ›
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Gone Crazy

New York’s East Side Community School recently sent a letter encouraging white parents to become “white traitors” and advocate for “white abolition.” Read More ›
Photo by Unseen Histories
A portrait of Angela Davis

Bad Education

A Philadelphia elementary school recently forced fifth-grade students to celebrate “black communism” and simulate a Black Power rally in honor of political radical Angela Davis. Read More ›
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Spoiled Rotten

The United Nations International School has succumbed to the new racial hysteria. Read More ›
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Breaking: Stop CRT Legal Coalition Announced

The Center on Wealth & Poverty responds to President Biden doubling-down on critical race theory in the federal government. Read More ›
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“Antiracism” Comes to the Heartland

For years, Americans have watched as educators have pushed deeply divisive “antiracism” programs in coastal cities such as Berkeley, Portland, and Seattle. Now “antiracism” has come to the heartland. Read More ›