advocating urbanism in the opportunity city
Best Blog I’ve found in a good while.
If you’re not reading it already, consider reading FlowChart. FlowChart is Rick Newman’s blog over at US News and World Report. I just read four great posts in a row, and I’m sold, I’ll be a regular reader from here on out.
If you’re interested, take a look at this articles:
- What Sully Sullenberger Can Teach CEOs
- 15 Companies That Might Not Survive 2009
- How Wall Street Continues To Doom Itself
- Best Move of 2008: Letting Lehman Fail
This is great writing, and it’s wonderful to have a voice out there arguing effectively to let capitalism do its work and wash away the failed businesses of the past generation so that the next generation can create new, better ones.
Posted: Monday, February 9th, 2009 at 10:56 am
Categories: Uncategorized
Tags: blog, business, finance, FlowChart, Rick Newman
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Categories: Uncategorized
Tags: blog, business, finance, FlowChart, Rick Newman
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2 Comments
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Not a bad blog. I read a few and I really like the airplane one.
As to the netflix guy…if he wants to help out the economy so much with his taxes, why doesn’t he freely offer it, instead of forcing the government to take it away from him? Or better yet…give it directly to those schools or places like TxDot? Either way, the place he wants to improve is getting it’s money and better yet, nobody stole/took it from him to do it! Just because he wants HIS money to go to those things doesn’t mean he should force the govt to take it from his other rich colleagues. Just because it’s a noble thing doesn’t mean it should be forced.
I’m not rich, actually, I’m lower middle class in terms of pay, but it’s still not right for one person to decide where another’s money is going.
Andrew…I think you’ll agree. Netflix guy has a good heart, but wrong idea.
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JM,
You’re right that we don’t need any higher taxes.
I would wager Newman’s point is that between a salary cap and a 50% tax on incomes over $500,000, the tax is the lesser of two evils. First, it allows people to still be paid what their business decides to pay them, and second it would generate revenue that the government sorely needs right now to pay down our national debt. That said, I’m never an advocate of higher taxes.
The bigger point in Newman’s posts overall is that the government shouldn’t be preventing these businesses from failing in the first place, that would take care of their tycoon salaries without any regulatory intervention required.
You’re right though, as far as people who feel they have more money than they need, certainly they should choose to give the money away. As the saying goes, a man who dies rich, dies disgraced. But always we need to leave the choice of what individuals do with their property (money) up to the individual.