The state of Texas is making history in the world of crude oil. Last year, the Lone Star State produced the most barrels of oil drilled in a single year, says the Texas Independent Producers and Royalty Owners Association (TIPRO) in its 2019 State of Energy Report. According to the report, Texas produced 1.54 billion […]
Archives for February 2019
Billionaires already pay their fair share
By: C. Jay Engel It is becoming increasingly fashionable to agitate against the very existence of billionaires. Recently, for instance, Business Insidersummarized a statement of Congresswoman Alexandria Ocasio-Cortez as follows: “[she] said a society that “allows billionaires to exist” while some Americans live in abject poverty is “immoral.” Echoing this sentiment, Elizabeth Warrenrepeated a very popular sentiment among […]
Why did Finland’s universal basic income test fail?
It was nearly a year ago when the Finnish government announced that it was scrapping its basic income pilot project (SEE: Finland scraps basic income program, Ontario moves ahead with pilot project). It was a sudden move after officials wanted to experiment for a few years. Everyone was kept in the dark as to what […]
WATCH: What does it take to become one of America’s most hated groups?
Who do you think is America’s most hated group? Hint: It’s the number of zeroes in your bank account. PragerU is out with an interesting video that takes a look at what it takes to become a millionaire. Of course, the way envy has become a virtue in society, the video should be retitled: “What […]
Bill Gates gets it right and wrong on taxes
Appearing on The Verge podcast this week, Bill Gates slammed “extreme” tax proposals like one freshman congresswoman’s 70 percent marginal tax rate proposal, adding that they miss the big picture. He correctly told the podcast: “You wouldn’t want to just focus on the ordinary income rate. People who are wealthy have a rounding error of […]