On Tuesday’s broadcast of CNN’s “AC360,” Sen. Bernie Sanders (I-VT) argued that Democrats have not done enough to demonstrate they’re on the side of the working class and “When the people on top are doing phenomenally well while 60% of
Target CEO Brian Cornell said the company expects an estimated $500 million in lost profits this year, citing organized retail theft as a primary factor.
On Thursday’s broadcast of CNN’s “Early Start,” Moody’s Analytics Chief Economist Mark Zandi stated that he doesn’t give any weight to the argument that price gouging is causing inflation and argued that profits by oil companies “have a purpose. They’re
Critics said tariffs would be a tax on U.S. consumers. The recent data on producer prices, however, show higher costs are not getting passed on to American consumers.
According to data from the U.S. Census Bureau published last week, the mining industry made a profit for the first time in two years in the first quarter of 2017.
One of the myths that always needs bursting is that Big Business hates big government’ regulations, and supposedly prefers small-government Republicans to keep Uncle Sam off its back.
Our tax and regulatory systems should be prudently administered to protect property rights and the free, honest flow of commerce. Instead, we’re subjected to value judgments and accusations of bad faith from politicians who refuse to entertain such criticism of themselves.
Perhaps political attitudes would change if more people understood that the government is raking in more money from their purchases than Walmart is. Politicians excel at portraying themselves as perpetually under-funded in their selfless quest to make life better for everyone. At the same time, they teach the public to believe private industry is rapacious and exploitative, rather than working with six or seven-percent profit margins.
