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Business Owners

Business Ownership No Self-Indulgent Path to Success

Watch this video on YouTube “Most of my friends assume that business owners spend their money and time on cocaine and hookers.” This jaw-dropping quote came from a young man I was talking with recently about money, investing, and running a business. I was...

Inequity of Federal Minimum Wage

Watch this video on YouTube The House of Representatives recently voted to nearly double the national minimum wage from $7.25 per hour to $15. Democrats are rejoicing that this change, if passed by the Senate, will lift 1.3 million people out of poverty. Republicans...

Unintended Consequences of High Taxes on the Rich

Watch this video on YouTube Two types of tax increases are being promoted by several presidential candidates and members of Congress. The less common idea, which I wrote about recently, is a wealth tax on net worth. The more common proposal is a significant increase...

Capitalism and Its Critics

Watch this video on YouTube Is capitalism broken? Increasing numbers of Americans, particularly younger adults, seem to think so. This idea is part of the motivation for those who, as discussed in last week’s column, are turning toward socialism. An Axios poll...

Do New Socialists Really Want Socialism?

Watch this video on YouTube Increasingly in the US, it’s becoming more socially acceptable—perhaps even fashionable—to be anti-wealth and anti-capitalism. Even identifying as a socialist is no longer the dominion of the far left but is gaining popularity. A number of...

Principle of Bureaucratization

Watch this video on YouTube A client recently told me about her first medical checkup after becoming eligible for Medicare. “The doctor said things like, ‘They require us to fill out this form,’ and ‘This test is covered every three years, so...