Tag: Business Rights

Bill Weld Announces 2020 Presidential Run

John Keller | @keller4liberty

Former Governor of Massachusetts Bill Weld announced today he is running for president against Donald Trump, hoping to secure the Republican nomination.

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Decentralizing Business: How Less Government, Not More, Will Help the Workers

By Mason Mohon | @mohonofficial

Business is bad – or at least that’s the contemporary cultural outlook. To the disdain of the Randian acolytes, society really hates businessmen. They are seen as gross, mean, and evil cheaters that act for nothing but profit. They would see the world burn for the fattening of their checkbooks. This seems to primarily be the product of the modern film and television industry. The mantra “it’s just business” has infected our entertainment and shows no signs of going away.

Continue reading “Decentralizing Business: How Less Government, Not More, Will Help the Workers”

Fiscal Conservatism is Dead

By Owen Heimsoth | United States

As of March 23rd, 2018, there is no fiscally conservative party left in control.

25 Republicans in Senate and 145 in the House, supposedly those in the party to represent fiscal conservatism and small government have made their voice clear that those two statements are no longer true.

GOP Leadership just rammed a $1.3 trillion dollar, 5-month, 2,232-page spending bill that basically nobody has read through Congress in under 24 hours.

The current budget will add $1.7 trillion to the national debt over the next 10 years, and this does not help at all. Why would the GOP care nowadays?

Thanks to ridiculous spending by the two parties over the years over a trillion dollars of debt is being accumulated each year. Because of this, the debt share per taxpayer has risen to over $170,000 and the debt is far greater than the GDP of the United States.

The situation is not getting better either. President Trump has left the GOP’s plan to balance the budget in the next 10 years. The US has one of the worst debt situations in the world and the party with control of all branches of the national government refuses to do nothing about it.

In early 2017, the Senate failed Rand Paul’s measure to enact a balanced budget act as it only got 14 votes. If the GOP was truly comprised of fiscal hawks and true conservatives, the bill should’ve passed with flying colors. Instead, it was the beginning of the GOP showing their true colors.

Not only is this budget a huge bill that nobody has read, it is packed with useless spending.

Sen. Rand Paul was quick to point out a few key figures on Twitter. The following  figures come directly from @RandPaul

o $1m for the Cultural Antiquities Task Force

o $6.25m for the Ambassadors Fund for Cultural Preservation

o $20m for Countering Foreign State Propaganda

o $12m for Countering State Disinformation and Pressure

o $5m for Vietnam Education Foundation Grants

o $2.579m for Commission on Security and Co-operation in Europe

o $15m to USAID for promoting international higher education between universities

o $2.696bn for International Disaster Assistance

o $1.371bn for Contributions to International Organizations

o $51m to promote International Family Planning and Reproductive Health

o $7m promoting International Conservation

o $10m for UN Environmental Programs

o $1m for the World Meteorological Organization

o $218m for Promoting Democracy Development in Europe (yep..the birthplace of democracy needs promoting)

o $25m for International Religious Freedom

o $10m for disadvantaged Egyptian Students

o $12m for Scholarships for Lebanon

o $20m for Middle East Partnership Initiative Scholarship Program

o $12m in military funding for Vietnam

o $3.5m in nutrition assistance to Laos

o $15m in Developmental assistance to China

o $10m for Women LEOs in Afghanistan

Oh, yeah, and this just a couple pages of the 2,232-page bill. The government cannot properly fund its own programs yet we are sending billions to countries that hate us. No wonder we are $21 trillion in debt.


Featured image source.

The Fight Against $15?

By Levin Kaio|USA

The minimum wage has created controversy amongst various political and economic ideologues and is worth taking a closer look at. The appearance of a capsized remuneration is merely an attempt by the U.S government to help the poor achieve an equal opportunity and overcome impoverishment. This policy was created in the early to mid-twentieth century when President Franklin D. Roosevelt proposed the Fair Labor Standards Act of 1938 (Grossman). This progressive approach to poverty was radical, and rightfully so, due to the understanding that the government was mandating businesses to pay a fixed wage rather than pay based on individual skill sets. The deliberate attempt to control the free market limits financial gain for the common individual and prohibits opportunity to expand a business, which only points toward one solution: abolishing the minimum wage entirely. Having a living wage may have had a strong moral reasoning for its original intent, which could have resonated with low-income individuals, but it fails to recognize that a society built on economic freedom cannot function when constricted by the government.

The development of the minimum wage originates from the province of New Zealand during the year 1894 (Bose). This new legislation was introduced to the whole nation of New Zealand and even across all industry and businesses. Following the example of New Zealand, Australia became the second jurisdiction to approve of a minimum wage but because it was still under the British Commonwealth, it followed the direction that the Queen of England preferred (Commonwealth). This policy once implemented will increase the price of goods in exchange for a slight increase in labor participation. The minimum wage law only placed these restrictions that “only covered six industries that were notorious for paying low wages” and soon spread to over 150 industries by 1904 (Bose). After the approval of the minimum wage in the UK commonwealth in 1909 (Commonwealth), the U.S caught a glimpse of how the government could assist individuals financially. With this desire to assist the poor within the United States, regulation was placed on businesses but was the intrusion of government profitable to the country. During the Great Depression (1929-1939), President Franklin Delano Roosevelt devised a plan to increase the wages of the workers that were being curbed by “greedy” businesses. President Roosevelt made these laws under the “New Deal” to promote equal pay and fair working standards, which included a maximum workweek of 40 hours, minimum pay of 25 cents per hour and, to promote child labor laws, have the minimum working age at 16 years old (Grossman). Supporters of the minimum wage advocate for its increase because the premise is that, by having government increase wages it, therefore, boosts poor individuals above the poverty line.

Those who support the increase of the minimum wage believe in the moral aspect of the proposal and build their respective think tanks around this belief. Supporters often look to accounts on the current economic atmosphere such as, “[W]e need policies that clearly do something for hard-working people who have been clobbered by a financial crisis they did not create” (Auerback). The political party that supports these proposals are actually both the left Democrats and the right Republicans; these parties only want to advance the income of their big donors and resent the poor. Statements such as “rich people are inherently evil” are what make the groundwork of the current activism for the increase of the minimum wage possible. Firstly the increase in the minimum wage would help families, financially, by having “more family income, some people would choose to retire, go back to school, or have children, making it easier for others who need jobs to find them” (Auerback). By having this policy implemented followers of the increase of minimum wage believe that the middle class would grow and even extending it to a point of predicting that it would “raise the incomes of 28 million Americans” (Auerback). The raising of income of many Americans is one of the many claims that supporters promulgate, this prediction is based on a moral duty of government to acquire the wealth from the top and distribute it evenly. Ultimately, the goal is to a have a society that is equal in all ways and that those suffering financially can be lifted out of abject poverty by the wonders of legislation. This concept is the basis of the movement to increase minimum wage to a “living wage.” The application of a policy, such as minimum wage, would be catastrophic to those living in Hawaii because they will experience a higher rate of poverty and other economic backlashes.

Hawaii has recently proposed a bill to steadily increase the minimum wage to $22/hr by the year 2022 (Drewes). This bill that was introduced to the house floor in the beginning of 2017 and has been recorded as one of the most liberal policies in the states. However, the populous is largely ignorant of the implications of these policies and what this bill could have on a society such as the Hawaiian people. The proponents of the minimum wage bill, the Democratic party, is attempting to gain a moral high ground and claim that businesses need to pay a fair share to the citizens that are currently economically disenfranchised. If a required wage was implemented it would entail various economic backlashes such as the increasing of labor demand in return for a decrease in labor productivity. This move to improve the wellbeing of the poor has been most harmful to the diverse economic system that Hawaii barely maintains. Many supporters allow this morally bankrupt policy to associate the decrease in homelessness with the increase of the required wage but in reality, the change is negligible by most people, “[In a] 2017 count, conducted in January, found 7,220 sheltered and unsheltered homeless people across the state. That’s down 9 percent from 2016” (“Homelessness Statewide is Down”). The Hawaiian Democratic party attempts to use their power to pass this bill in order to fulfill a moral duty to the people cheated by the system. In the end, if Hawaii is to approve of the increase then Hawaii will deteriorate economically and see a gradual decline in population due to economic instability.

The underlying belief in the minimum wage is to construct a system in which the wealthy must pay more than half of their income to subsidize the poor. The implications of the minimum wage, in general, will decimate the economy because it will increase poverty and harm the people that it is intended to save the economically disgruntled. A case in 1923 refuted the future President Franklin Roosevelt, who “made a strong argument that a minimum wage was a violation of the constitutionally guaranteed freedom of contract embedded in the Fifth Amendment’s language about due process and the deprivation of liberty and property” (Stoll). To promulgate regarding minimum wage is to be against individual liberties and for the removal of economic freedom; the idea of government being able to determine prosperity via economic intervention is in itself a delusion.


Works Cited

Auerback, Marshall. “Five reasons why we should raise the minimum wage.” Salon, 30 July

2012, www.salon.com/2012/07/30/top_5_reasons_why_raising_the_ minimum_wage_is_good_for_you_and_me_salpart/.

Blair, Chad. “A $22 Minimum Wage?” Honolulu Civil Beat, 10 Jan. 2017,

www.civilbeat.org/2017/01/a-22-minimum-wage/#show-comments

Bose, Apurva. “History of Minimum Wage.” History of The US Minimum Wage-From The Very

First Minimum Wage, 5 Sept. 2017, bebusinessed.com/history/history-of-minimum-wage/.

Drewes, Paul. “Some lawmakers want $22/Hour minimum wage.” Home – Honolulu, Hawaii

news, sports & weather-KITV Channel 4, 11 Jan. 2017, www.kitv.com/story/34231780/some-lawmakers-want-22hour-minimum-wage.

Encyclopædia Britannica. “Commonwealth.” Encyclopædia Britannica, Encyclopædia

Britannica, inc., 15 Sept. 2017, www.britannica.com/topic/Commonwealth-association- of-states

Grossman, Jonathan. “Fair Labor Standards Act of 1938: Maximum struggle for a Minimum

Wage.” U.S. Department of Labor-History-Fair Labor Standards Act of 1938: United States Department of Labor, June 1978, www.dol.gov/oasam/programs/ history/flsa1938. htm#1.

Powell, Jim. “How FDR’s New Deal Harmed Millions of Poor People.” Cato Institute, 29 Dec.

2003, www.cato.org/publications/commentary/how-fdrs-new-deal-harmed-million- poor-people.

Staff, HNN. “Count: Homelessness statewide is down, but Oahu sees less progress.” Home-

Hawaii News Now-KGMB and KHNL, 10 May 2017, www.hawaiinewsnow.com/story/ 35398759/new-count-homelessness-dropped-9-percent-statewide-in-2017-but-up- slightly-on-oahu.

Stoll, Ira. “9 Reasons Why Raising the Minimum Wage Is a Terrible Idea.” Reason.com, 3 Mar.

2014, reason.com/archives/2014/03/03/9-reasons-why-raising-the-minimum-wage-i.

Everybody Loses: The Effect of the $15 Minimum Wage

By Ricardo Tremblay | CANADA

On January 1st, 2018, the minimum wage in the province of Ontario, Canada, increased from $11.60 CAD to $14.00. On January 1st, 2019, the minimum wage will be further increased to $15. Out further west, the province of Alberta has also passed a law that will increase the minimum wage there to $15 in the month of October 2018.

After only a week of the change being put into effect in Ontario, prices across the whole province for various goods and services have increased significantly. This is due to the fact that businesses will not, and rightfully should not, simply let themselves lose money because they have to pay their workers 20%-30% more. The easiest and most effective way for businesses to make that money back is to increase the prices of their goods and services accordingly. In other words, the price for goods and services at many retailers goes up. This is bad for customers, as they have to pay more, and this is bad for the businesses, as they are not gaining anything out of the change themselves and have to increase their prices.

“But it benefits the poor workers!”, some may say. What these people fail to realize is that businesses have also been laying off many workers, and giving minimum wage employees shorter and less frequent shifts. These employees will end up seeing that this ‘benefit’ may end up costing them their job, or not doing much more than giving them fewer work hours. The employees aren’t exempt from the price increases either, so ironically they will end up paying more for products as well.

This creates a situation in which businesses, employees, and especially consumers end up unhappy and frustrated. Not many people, if any at all, actually end up benefiting from the minimum wage increase. In comparison, the recent tax cuts in The United States have resulted in bonuses and wage increases for employees all over the country, and this was all done without hurting consumers, and by instead helping corporations flourish.

All in all, this is just another of countless examples as to why government interference and a government-controlled economy lead only to harder times for everyone. Some Canadians may have suffered due to these changes, so hopefully advocates for higher minimum wages in other provinces and nations will soon realize the effects of their desires, and instead advocate for a freer, more stable method to benefit the working class, that isn’t at the expense of everyone else.