Excuse my sensationalist “fake” headline, but what Bernie would say about someone who makes a billion dollars by inventing a vaccine for the COVID-19 coronavirus? Would Bernie consider it “immoral” and “disgusting”? Should the inventor’s billions be confiscated as he would like? This exposes Bernie’s corrupt ideology that has impoverished millions wherever tried.
Santa Barbara’s liberal City Council voted to delay the implementation of 5G wireless service in the city in the hope they could kill it. They are doing this because they fear the “dangers” of electromagnetic radiation (aka, radio waves). Yet the overwhelming scientific opinion is that 5G radiofrequency radiation is harmless. These science-denier tin-hatters fail to understand this issue. People want 5G. Why don’t they let their constituents vote with their dollars and see if they want it.
There is a lot of media praise for Thomas Piketty, a French economist and his new book, Capital in the Twenty-first Century. The basic theme of the book is that the rich get richer and everyone else gets poorer. Piketty’s solution is confiscatory taxes on wealth to reduce the amount of capital in the hands of “capitalists”. He believes this will force capital into the hands of more productive members of society such as entrepreneurs and then the benefits will be more widespread throughout society. It’s a mish-mash of failed ideas about capital, labor, inequality, entrepreneurs, free markets, and economic progress. It is “economics lite.”