Unemployment
California
The Nasty Impacts Of Minimum Wage Hikes
Just as he rejected pleas to suspend the execrable Assembly Bill 5 to ease the financial squeeze caused by the pandemic lockdowns, Gov. Gavin Newsom has declined to put off the state’s coming minimum-wage hike. The small businesses that worked hard enough to survive 2020’s downturn might be broken in ...
Commentary
Dems use coronavirus to push ‘Medicare-for-all,’ but their ploy is based on bad information
More than 5 million Americans have lost their employer-sponsored health insurance due to coronavirus-related unemployment, according to a new study from FamiliesUSA. In response, Democrats are renewing their push for “Medicare-for-all”. Just this week, 360 Democratic delegates promised to vote against any party platform that doesn’t endorse single-payer health care. In their formal petition, ...
Blog
High on Spending, Light on Stimulus: Legislative Democrats Propose $100 Billion Borrowing Plan
This week in Washington, Democrats and Republicans are squabbling over the next economic stimulus package. Republicans have proposed a roughly $1 trillion plan, while Speaker Pelosi is pushing a $3 trillion plan. The partisan haggling and negotiations via shuttle diplomacy have already begun. Upon returning from their summer recess, Sacramento ...
Business & Economics
It’s time to bring our economy back to life. Paying workers to stay home won’t help
The federal government’s emergency unemployment benefits are set to expire this week. Set at $600 a week by the CARES Act — the economic rescue package Congress passed back in March — the emergency benefits were intended to supplement state unemployment insurance and offset the economic carnage caused by the coronavirus lockdowns. That extra ...
Blog
Ending the “Era of Shareholder Capitalism”
Last week, presumptive Democratic nominee Joe Biden unveiled his economic platform in Pennsylvania, calling for an end to the “era of shareholder capitalism.” It seems that Jack Lew, former treasury secretary and a member of the Biden brain trust, neglected to tell him that more than half of U.S. families ...
Commentary
We know how to safely reopen the country
More than eight in 10 Americans fear a second wave of the coronavirus outbreak, according to recent polling from Ipsos. Some cities and states have halted efforts to reopen their economies, in response to rising case counts. But there’s no reason to be fearful. We now have enough information about the coronavirus and ...
California
Would Sacramento raise taxes when economic growth is needed the most?
The pandemic lockdown not only was a lethal financial contagion for many Californians, it deprived the state government of so much revenue that Sacramento now has a $54 billion budget deficit. How will lawmakers bridge the gap? By coincidence, they were already thinking about nearly $66 billion in new taxes ...
Blog
Latest Rankings Further Proof California Must Remove Barriers to Opportunity
Recently, I attended a webinar hosted by the Legatum Institute, a UK-based think tank, where they discussed the results of their latest “Prosperity Index”. According to the Index’s executive summary, Legatum hopes that “nations around the world (will) assess their strengths and weaknesses (in the rankings) to determine the economic ...
Business & Economics
Basic Income Guarantees Would ‘Warehouse’ Poor, Not Propel Them
As Americans struggle to recover from a deep recession fueled by the COVID-19 crisis, and respond in horror to the violence in many communities following the death of George Floyd, economic inequality and lack of opportunity have risen to the top of the political discussion. Liberal voices like House Speaker ...
California
How Newsom could use his powers to revive California’s economy
With Californians facing double-digit unemployment in the worst economic crisis since the Great Depression, California’s governor should be using his emergency powers to mitigate the pandemic’s effects on our economy. Unfortunately, he has interpreted his emergency powers to authorize him to legislate additional costs on employing Californians. Perhaps in good ...
The Nasty Impacts Of Minimum Wage Hikes
Just as he rejected pleas to suspend the execrable Assembly Bill 5 to ease the financial squeeze caused by the pandemic lockdowns, Gov. Gavin Newsom has declined to put off the state’s coming minimum-wage hike. The small businesses that worked hard enough to survive 2020’s downturn might be broken in ...
Dems use coronavirus to push ‘Medicare-for-all,’ but their ploy is based on bad information
More than 5 million Americans have lost their employer-sponsored health insurance due to coronavirus-related unemployment, according to a new study from FamiliesUSA. In response, Democrats are renewing their push for “Medicare-for-all”. Just this week, 360 Democratic delegates promised to vote against any party platform that doesn’t endorse single-payer health care. In their formal petition, ...
High on Spending, Light on Stimulus: Legislative Democrats Propose $100 Billion Borrowing Plan
This week in Washington, Democrats and Republicans are squabbling over the next economic stimulus package. Republicans have proposed a roughly $1 trillion plan, while Speaker Pelosi is pushing a $3 trillion plan. The partisan haggling and negotiations via shuttle diplomacy have already begun. Upon returning from their summer recess, Sacramento ...
It’s time to bring our economy back to life. Paying workers to stay home won’t help
The federal government’s emergency unemployment benefits are set to expire this week. Set at $600 a week by the CARES Act — the economic rescue package Congress passed back in March — the emergency benefits were intended to supplement state unemployment insurance and offset the economic carnage caused by the coronavirus lockdowns. That extra ...
Ending the “Era of Shareholder Capitalism”
Last week, presumptive Democratic nominee Joe Biden unveiled his economic platform in Pennsylvania, calling for an end to the “era of shareholder capitalism.” It seems that Jack Lew, former treasury secretary and a member of the Biden brain trust, neglected to tell him that more than half of U.S. families ...
We know how to safely reopen the country
More than eight in 10 Americans fear a second wave of the coronavirus outbreak, according to recent polling from Ipsos. Some cities and states have halted efforts to reopen their economies, in response to rising case counts. But there’s no reason to be fearful. We now have enough information about the coronavirus and ...
Would Sacramento raise taxes when economic growth is needed the most?
The pandemic lockdown not only was a lethal financial contagion for many Californians, it deprived the state government of so much revenue that Sacramento now has a $54 billion budget deficit. How will lawmakers bridge the gap? By coincidence, they were already thinking about nearly $66 billion in new taxes ...
Latest Rankings Further Proof California Must Remove Barriers to Opportunity
Recently, I attended a webinar hosted by the Legatum Institute, a UK-based think tank, where they discussed the results of their latest “Prosperity Index”. According to the Index’s executive summary, Legatum hopes that “nations around the world (will) assess their strengths and weaknesses (in the rankings) to determine the economic ...
Basic Income Guarantees Would ‘Warehouse’ Poor, Not Propel Them
As Americans struggle to recover from a deep recession fueled by the COVID-19 crisis, and respond in horror to the violence in many communities following the death of George Floyd, economic inequality and lack of opportunity have risen to the top of the political discussion. Liberal voices like House Speaker ...
How Newsom could use his powers to revive California’s economy
With Californians facing double-digit unemployment in the worst economic crisis since the Great Depression, California’s governor should be using his emergency powers to mitigate the pandemic’s effects on our economy. Unfortunately, he has interpreted his emergency powers to authorize him to legislate additional costs on employing Californians. Perhaps in good ...
