Time is Wealth: What is it Really Worth?

The popular saying is, “Time is money.” However, fundamentally, real wealth is your time and the different things that can be done with it. This is a crucial point to understand in discussions about what people’s labor and products are “really worth.”

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Citations:

Sowell, T. (2014). Basic Economics. New York: Basic Books.
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Why Wealth Inequality is Awesome (Vox Debunked)

Vox put out a short video explaining how dangerous wealth inequality, and its little brother income inequality, are to society. Putting aside the fact that income inequality decreases the more economically free a country is, people often forget that wealth inequality is a good thing. Wealth inequality is what allows the market to take the luxuries of today and turn them into the necessities of tomorrow.

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Citations/Further Reading:

Economic Freedom Graphs: https://www.flickr.com/photos/shanedk/sets/72157646459874723/

Economic Freedom and Inequality: https://onlinelibrary.wiley.com/doi/abs/10.1111/j.1465-7287.2012.00343.x?deniedAccessCustomisedMessage=&userIsAuthenticated=false&

70% of Lottery Winners Go Bankrupt: https://www.cleveland.com/business/index.ssf/2016/01/why_do_70_percent_of_lottery_w.html

Ludwig von Mises, Economic Freedom and Interventionism (FULL TEXT): https://mises.org/library/economic-freedom-and-interventionism/html

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Why Capitalism is Awesome (Non-Compete Debunked)

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Citations/Further Reading:

Economic Freedom Graphs: https://www.flickr.com/photos/shanedk/sets/72157646459874723/

The Link Between Lack of Economic Freedom and Wealth Inequality: https://onlinelibrary.wiley.com/doi/abs/10.1111/j.1465-7287.2012.00343.x?deniedAccessCustomisedMessage=&userIsAuthenticated=false&

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Ted Cruz ‘Berns’ Bernie on Economics

On October 18th, 2017, the Communist News Network (CNN) hosted a debate between Senators Ted Cruz and Bernie Sanders about the GOP’s proposed tax plan. Ted Cruz, a skilled debater, came prepared with facts and sources, while Bernie Sanders essentially cried all night about how the 1% don’t need all the money they have. All the while, he ignored his failures to redistribute his own wealth to those who need it. In this video I review some of the highlights of the debate.

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Complete Debate Footage:

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Articles Cited:

http://www.wnd.com/2017/10/how-much-more-till-the-rich-pay-their-fair-share/

https://www.cnbc.com/2017/06/06/bernie-sanders-made-over-1-million-last-year-and-has-joined-the-1-percent.html

http://www.washingtonexaminer.com/bernie-sanders-slams-billionaires-gets-reminded-he-owns-3-houses/article/2620865

http://dailycaller.com/2016/03/21/sanders-berns-through-1-65-million-on-private-jet-travel-in-february/

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