In a Wall Street JournalLetters offering, one writer, in supporting the Chamber of Commerce’s change of position regarding massive government intervention into our private economy, wrote
The 2020 economy is far different than that of 1980, and so what is good for business now is necessarily different.
This is wrong on two counts. The first is that the reason the economy of 1980 seems different from that of 2020 is the explosion of government intervention and intrusive regulation over those 40 years. That’s not actually an economic difference, though; it’s a government behavior difference, with the economy changing in result, not from its own intrinsic evolution.
That’s what Progressive-Democratic Party Presidential candidate Joe Biden has said he intends to do; his latest iteration of that intent was last Thursday in a CNN interview.
I’d make the changes on the corporate taxes on day one[.]
Leaving aside the…foolishness…of implementing such an attack on our economy’s health, there has been pushback on the Day One timing—no President, not even a Progressive-Democratic one, can raise taxes by fiat; such a move can only come from the Congress (and subsequently signed by a President or his veto overridden).
raise the salaries of state and local police forces all across the country—except in cities that have chosen to defund law enforcement in the wake of nationwide protests and riots.
If the bill becomes law, police departments will have new federal funding at their disposal allowing them to increase the salaries of officers “up to 110 percent of the local median earnings, and would exclude cities that defund their police[.]”
Unions representing millions of workers, from teachers to truck drivers, pledged to ramp up protests in the leadup to the presidential election, with walkouts aimed at forcing local and federal lawmakers to pass police reform and address what they described as systemic racism.
Actually, it’s the union leaders:
…labor leaders from America’s biggest public and private sector unions said they would organize walkouts….
More the public sector than private sector unions: AFSCME, SEIU, and NEA.
British Prime Minister is hiring Tony Abbott, ex-Australian Prime Minister, Tony Abbott, to be a senior adviser on trade for Johnson’s government.
Abbott, a Brit by birth and an Australian by citizenship, had some words for the Oxford Union’s debating society back in 2018, then regarding Brexit [emphasis added]:
This is the country that has seen off the Spanish Armada, the French emperor, and the German Kaiser, won against Louis XIV, against Napoleon, against William II, and then against Hitler. This country did not need Europe—it saved Europe. No country on earth should be more capable than Britain of standing on its own two feet.
Norway’s largest private money manager, Storebrand Asset Management, excluded and divested itself of more than two dozen listed companies under its new climate change policy, citing concerns with lobbying, coal, and oil sands.
Virtue signaling climate justice is more important than making money for a company’s owners. Which money and associated investment profits are the only means of amassing the wealth necessary to do anything substantive about our environment (which is useful) or about our climate (which need is dubious at best).