California’s Minimum Wage Law Has Led Some Employers To Cut Hours, Hike Prices
Final September, California Governor Gavin Newsom (D) signed a invoice mandating a $20 minimal wage for quick meals employees. The brand new wage is among the many highest within the county, surpassing even Washington, D.C.'s $17.50 minimum wage. Whereas supporters touted the wage improve as a method to assist struggling Californians, detractors warned that restaurant homeowners would reply by shedding employees, chopping their hours, or dashing up the already beginning…
IRS Crackdown Nets Enough Revenue To Fund the Government for 90 Minutes
The Biden administration's costly efforts at beefing up the IRS' means to focus on wealthier People with unpaid federal taxes have lastly netted $1 billion in extra income. Or, to place it one other method, the yearlong marketing campaign has generated sufficient money to fund the federal authorities for…about 90 minutes. Do the mathematics. America spent about $6.1 trillion last year. That interprets to roughly $16.7 billion per day or…
The 2024 GOP Platform Promises To ‘Make America Affordable Again.’ So Why Are They Embracing Fiscal Insanity?
The Republican Nationwide Committee simply launched its 2024 platform. Whereas calling it a platform is a stretch, the listing of bullet factors provides an thought of what the potential subsequent Trump administration's targets are. This is one subject that needs to be entrance and middle: Finish inflation and make America inexpensive once more. To make sure, "make America extra inexpensive" could be an excellent slogan and an excellent goal. It…
Biden and Trump Are Both Disastrously Wrong About Tariffs
President Joe Biden and former President Donald Trump combat about every thing. However they agree about one factor: tariffs, the topic of my new video. Trump imposed tariffs on metal, aluminum, washing machines, photo voltaic panels, and different merchandise from China. Then Biden took workplace and slapped a one hundred pc tariff on Chinese language electrical autos. Now Trump says, if elected, he'll impose the tariff on all Chinese language…
Republican Platform Confirms Party Plan To Let Social Security Go Insolvent
As not too long ago as 2016, the Republican Occasion's official platform promised to take significantly the approaching insolvency of Social Safety and Medicare, America's two largest entitlement applications. "We reject the outdated maxim that Social Safety is the 'Third Rail' of American politics, lethal for anybody who would change it," that version of the GOP platform learn. "The Democratic Occasion nonetheless treats it that means, despite the fact that…
Trump Said Tariffs Would Reduce the Trade Deficit. Instead, It Grew.
Throughout former President Donald Trump's time period in workplace, he promised that larger tariffs on American imports would cut back the nation's giant commerce deficit. On the time, many economists disputed that notion. Tariffs may marginally cut back the import aspect of the commerce ledger, however they also reduce economic output (and therefore exports), so the online impact on the commerce deficit was likely to be minuscule, they warned. Regardless…
‘Documented Dreamers’ Are Getting Deported Because They Came to the U.S. Legally
Roshan Taroll says his mom, Beena Preth, introduced him to the US as a toddler in hopes he would put his nostril to the grindstone and shoot his shot at accessing the bounty of alternative uniquely supplied by America. He is not going to have the possibility. The irony lies in why. The Deferred Motion for Childhood Arrivals (DACA) program, instituted throughout President Barack Obama's administration, protects individuals from deportation…
Don’t Freak Out Over Florida Teen Labor Laws
On July 1st, two Florida legal guidelines liberalizing the state's restrictions on labor by 16- and 17-year-olds will go into impact. The primary regulation, House Bill 49 permits older youngsters to work longer hours on days when faculty is not in session and permits them to work greater than 30 hours per week through the faculty yr with a mum or dad or faculty superintendent's permission. The second regulation, House…
Trump Advisor Admits Trade War Against China Failed
Former President Donald Trump's commerce struggle with China didn't work out as deliberate, and one in every of his former advisors is lastly admitting as a lot. This week, Semafor's Morgan Chalfant wrote in regards to the potential commerce insurance policies of a second Trump administration. Towards the tip of his first time period, Trump reached a $200 billion take care of China. For his potential second time period, although,…
Debate: Austrian vs. Chicago Economics
Soho Discussion board Director Gene Epstein and Chicago college economist David Friedman debate the decision, "The Austrian economics of Mises and Rothbard incorporates financial intuitions which can be necessary, right, and lacking from Chicago College economics." Taking the affirmative was Gene Epstein, the director of the Soho Discussion board and former economics and books editor at Barron's. His final revealed e book was Econospinning: How to Read Between the Lines When the…
