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My Secret Plan to Convert Students to Free-Market Economics and Sound Investing
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Karl Marx on his tombstone (1883)
In the 1930s, the Marxist philosopher
Antonio Gramsci (1891-1937) wrote “The Prison Notebooks” while in prison. In these notebooks, he came up with a brilliant idea to convert the world to Marxism and state socialism. He rejected the Communists’ idea of a violent revolution. Instead, he advocated a long-term strategy of gradually taking over a nation’s culture and institutions.
His method was for Marxists to infiltrate the media, the churches, the foundations, politics, the entertainment industry (Hollywood) and the colleges and universities.
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To Fight Poverty, Raise the Minimum Wage? Or Abolish It?
The minimum wage has stagnated at $7.25 an hour for more than a decade. Is increasing it to $15 the best way to fight poverty?
Wednesday, March 17th, 2021
jane coaston
Today on The Argument, what’s the downside to paying people more? [MUSIC PLAYING] Among the most popular and blunt tools to fight poverty is a minimum wage, but it doesn’t actually do that. Because if you have a full-time job that pays the federal minimum wage of $7.25, you’re only making about $15,000 a year, not enough to rent a one-bedroom apartment in 95% of counties in the United States. Raising the federal minimum to $15 an hour is something progressives have been fighting for for years. They came close this month, but an amendment to raise the minimum wage was ultimately removed from Biden’s COVID relief bill. Is raising the minimum wage or having one at all the right way to battle poverty? I’m Jane Coaston, and I think it’s past ti
Where pension debt is a looming danger to taxpayers, via Texas Public Policy Foundation
Both private and public pensions have been having major funding issues and struggling to get a good ROI for a number of years.
So it’s no surprise that any sort of economic relief package presented to Congress would include funds for pensions. Especially since a “bailout” culture seems to have taken root in America.
The recent $1.9 trillion COVID-19 stimulus bill
The New York Times reported that it contains $86 billion for struggling pensions:
The $86 billion is a taxpayer bailout for
about 185 union pension plans that are so close to collapse that without the rescue, more than a million retired truck drivers, retail clerks, builders and others could be forced to forgo retirement income.
Both private and public pensions have been having major funding issues and struggling to get a good ROI for a number of years.
So it’s no surprise that any sort of economic relief package presented to Congress would include funds for pensions. Especially since a “bailout” culture seems to have taken root in America.
Where pension debt is a looming danger to taxpayers, via Texas Public Policy Foundation
The recent $1.9 trillion COVID-19 stimulus bill
The New York Times reported that it contains $86 billion for struggling pensions:
The $86 billion is a taxpayer bailout for
about 185 union pension plans that are so close to collapse that without the rescue, more than a million retired truck drivers, retail clerks, builders and others could be forced to forgo retirement income.