A new study by Sageworks, Inc., a financial consulting firm, runs the numbers on the income statements of actual companies. It looks at three types of firms with at least $5 million in sales: a retailer, a construction company and a small manufacturer. The companies each have total payroll of between $750,000 and $1...
Entrepreneurship
A Reckless Congress – WSJ.com
Mr. Obama’s February budget provided the outline, but the House bill now fills in the details. To wit, tax increases that would take U.S. rates higher even than most of Europe. Yet even those increases aren’t nearly enough to finance the $1 trillion in new spending, which itself is surely a low-ball estimate. Meanwhile,...
Democrats want to impose “surtax” to finance health care – WSJ.com
A new study by the Kaufman Foundation finds that small business entrepreneurs have led America out of its last seven post-World War II recessions. They also generate about two of every three new jobs during a recovery. The more the Obama Democrats reveal of their policies, the more it’s clear that they prize income...
NYC 7th Grades Receive Cash Rewards For Good Grades
NYC 7TH GRADERS RECEIVE CASH REWARDS FOR HIGH GRADES ON STANDARDIZED TESTS – New York Post. Oh, and the Obama/liberal camp still don’t know that the “share your hard-earned money with someone less motivated, out of civic duty” program will fail completely and has failed completely each time it’s been tried. Silly liberals.
Mary O’Grady Says Latin America Needs Economic Liberalization and Property Rights, Not Foreign Aid – WSJ.com
Exactly! I am so tired of these bureaucrats who perpetuate poverty, not cure it, because it gives them a job. Mary O’Grady Says Latin America Needs Economic Liberalization and Property Rights, Not Foreign Aid – WSJ.com.
How the State Punishes Ingenuity in Healthcare
Here’s a doctor who decided to find a better way to provide care to his patients. He sees all of the waste and fraud tied to our traditional insurance system and decides, hey, there’s a better way to do this. So he sets up his practice so that his patients just pay a flat...
Atlas Shrugged: A Must Read for Every American
I’ve been telling Tickler for months now that we are beginning to see Ayn Rand’s novel Atlas Shrugged come to life. It’s horrifying. Ayn Rand defected from communist Russia in 1926 and wrote Atlas Shrugged in 1957. Needless to say she was not a fan of socialism. Noted economist Stephen Moore wrote a piece...
CNBC: Obama Declares War on Investors, Entrepreneurs, Businesses, And More
Must read on CNBC (I’m surprised too, though to be fair Larry Kudlow often has intelligent things to say)… Let me be very clear on the economics of President Obama’s State of the Union speech and his budget. He is declaring war on investors, entrepreneurs, small businesses, large corporations, and private-equity and venture-capital funds....
Shift from Capitalism to Socialism, European Style
From the WSJ… The most basic explanation for why Barack Obama may win next Tuesday is that voters want economic deliverance. The standard fix for this in politics everywhere is to crowbar the old party out and patch in the other one. It is true as well that the historic nature of the nation’s...
U.S. Chamber of Commerce vs. Democrats
I think the chamber of Commerce knows a thing or two about how economies are built and destroyed. They clearly see a danger in letting the Democrats run away with the government. From the WSJ… The nation’s largest business lobby, the U.S. Chamber of Commerce, has raised ire among Democratic leaders for pouring millions...
