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Something To Think About Archive

Earlier this month was the 250th anniversary of Adam Smith’s “Wealth of Nations” that should be required reading in Washington and the White House. Smith argued that a nation’s wealth is derived from its production and flow of goods and services. Mercantilism was in control in England at the time and Government intervention on behalf of the merchant class, as it does today, led to cronyism, and trade protectionism such as tariffs hurt consumers by limiting their purchase options and increasing prices.

Muhamed Ali once noted that “The man who views the world the same way at fifty as he did at twenty has wasted thirty years of his life.”

Kudos to the EPA for repealing the Obama Administration’s erroneous endangerment finding that declared greenhouse gas emissions a threat to public health and safety allowing his and the Biden Administration to regulate CO2 and dictate energy policy for energy supply, cars and even household appliances. Greenhouse gases may affect climate but so does urbanization, wildfires and other natural phenomenon.

Author and Poet Margaret Sangster believed that “The people who dream are very often the people who see, and dreaming and seeing precede doing.”

Retailer F.W. Woolworth believed that “Dreams never hurt anybody if he keeps working right behind the dream to make as much of it come real as he can.”

The SEIU-United Healthcare Workers push for a billionaires tax on the premise that the rich don’t pay their fair share and is the cause of California’s budget problems flies in the face of reality: Gavin Newsome’s recently proposed budget includes $539 billion in spending, up 68% in just seven years and remember that the Top 1% of earners in California already pay about half of the state’s income tax. As we’ve said many times: “Government doesn’t have an income problem, it has a spending problem.”

Abraham Lincoln said: “In times like the present, men should utter nothing for which they would not willingly be responsible through time and eternity.”

The SEIU-United Healthcare Workers push for a billionaires tax on the premise that the rich don’t pay their fair share and is the cause of California’s budget problems flies in the face of reality: Gavin Newsome’s recently proposed budget includes $539 billion in spending, up 68% in just seven years and remember that the Top 1% of earners in California already pay about half of the state’s income tax. As we’ve said many times: “Government doesn’t have an income problem, it has a spending problem.”