Richardcyoung.com

The Online Home of Author and Investor, Dick Young

  • Home
  • How We Are Different
  • About Us
    • Foundation Principles
    • Contributors
  • Investing
    • You’ve Read The Last Issue of Intelligence Report, Now What?
  • Your Survival Guy
  • The Great Reset
  • COVID-19
  • My Rifles
  • Dividends and Compounding
  • Your Security
  • The Swiss Way
  • Dick Young
  • Debbie Young
  • Key West
  • Paris
  • Dick’s R&B Top 100
  • Liberty & Freedom Map
  • Your Health
  • Ron Paul
  • Bank Credit & Money
  • Dick Young’s Safe America
  • Your Survival Guy’s Super States
  • Critical Race Theory
  • NNT & Cholesterol
  • Work to Make Money/Invest to Save Money

New York Mayor Bill de Blasio, Mr. “Fair & Just”

January 22, 2014 By Richard C. Young

This sadly out-of-touch fellow is operating on a Marxist-based template 100% certain to make NYC a less competitive city for business and a less safe city for all residents. As this Wall Street Journal article illustrates, a big percentage of New Yorkers have awoken, if a little late, to the anti-business, anti-safety progressive clown they have installed in office. New Yorkers will benefit from reading Thomas Sowell’s excellent essay highlighting Switzerland and Singapore. Were mayor de Blasio to read and follow up on the course these two safe and highly competitive countries have taken, all New Yorkers would receive a mighty boost.

From the Wall Street Journal:

Mr. de Blasio’s election campaign to raise taxes on the rich, shutter charter schools and end stop-and-frisk policing tapped into voters’ fatigue with the Bloomberg administration. But the Quinnipiac poll suggests that voters on whole are happy with the results of Mr. Bloomberg’s policies—a stronger economy, better schools and safer streets—even if they’re weary of the man himself and his sometimes heavy-handed methods. It would be a mistake for Mr. de Blasio to interpret his election as a mandate to dismantle his predecessor’s policies, but he seems dead set on doing it anyway.

The self-styled progressive has demanded that Albany raise taxes on the city’s top earners to pay for universal pre-K because it is “fair” and “just.” Last week, he and City Council Speaker Melissa Mark-Viverito rammed through legislation expanding paid sick leave notwithstanding complaints from small businesses. Mr. Bloomberg’s political touch may soon start to look light relative to the city’s new regime.

From Thomas Sowell:

Minimum-wage advocates can seize upon statistics collected in particular odd circumstances to declare that they have now “refuted” the “myth” that minimum wages cause unemployment.

Yet, despite such anomalies, it is surely no coincidence that those few places in the industrial world which have had no minimum-wage law, such as Switzerland and Singapore, have consistently had unemployment rates down around 3 percent. “The Economist” magazine once reported: “Switzerland’s unemployment neared a five-year high of 3.9% in February.”

It is surely no coincidence that during the last administration in which there was no federal minimum wage — the Calvin Coolidge administration — unemployment ranged from a high of 4.2 percent to a low of 1.8 percent over its last four years.

It is surely no coincidence that, when the federal minimum-wage law remained unchanged for twelve years while inflation rendered the law meaningless, the black teenage unemployment rate — even during the recession year of 1949 — was literally a fraction of what it has been throughout later years when the minimum-wage rate was raised repeatedly to keep up with inflation.

Related video:

If you’re willing to fight for Main Street America, click here to sign up for my free weekly email.

Related Posts

  • New York Mayor Elect Bill de Blasio Sets a Foul Tone
  • New York Mayor De Blasio and the Heavy Hand of Government
  • The WSJ May Endorse Mayor de Blasio?
  • Author
  • Recent Posts
Richard C. Young
Richard C. Young is the editor of Young's World Money Forecast, and a contributing editor to both Richardcyoung.com and Youngresearch.com.
Latest posts by Richard C. Young (see all)
  • The Most Controversial Restaurant in Paris? - June 24, 2022
  • La Fontaine De Mars: Best Sunday Paris Lunch - June 23, 2022
  • Dick & Debbie Young’s Most Visited Paris Restaurant - June 22, 2022

Dick Young’s Must Reads

  • My Smith & Wesson Revolvers Home Defense Team
  • America’s Number One Patriot: Naples Florida’s Alfie Oakes
  • You May Be Surprised by America’s “Least Woke City”
  • TROJAN HORSE: “Diversity, Equity, and Inclusion” is Critical Race Theory in Disguise
  • Does Big Government Create Poverty?
  • The Swiss Way
  • The Problem in America
  • Can Ginger Combat Heart Disease and Improve Circulation?
  • Hungarian Hardliner Viktor Orban Shows European Globalists the Way
  • ENERGY FREEDOM ACT: Ted Cruz Introduces Bill for Energy Independence

Disclosure

RSS Youngresearch.com

  • Your Survival Guy: Clearing the Decks, Buying a Boat, Seeing the World and More
  • Is the Great Job Boom Over?
  • Here’s Why You Need a 15-Year Retirement Investment Plan
  • Will ESG Do to Steel Prices What It Did to Gas Prices?
  • Kellogg Cuts Loose with Split Plan
  • Apple Shares Resilient in the Face of Recession
  • MONEY TALKS: The Best Service in Paris
  • Predictions of MEGA-SPENDING on Metaverse
  • RECESSION? Dow 25,000, $8 Gas, Rising Interest Rates, Spell Mid-term Crack Up
  • Investing During a Recession

Greetings From Paris & Le Bristol Hotel

The Most Controversial Restaurant in Paris?

Your Survival Guy: Clearing the Decks, Buying a Boat, Seeing the World and More

Russia’s “Unsubtle” Artillery Attacks Not Necessarily “Archaic”

FLORIDA DODGED A BULLET: Elected Superb DeSantis Over Unstable Gillum

Biden, a Job Killing Machine

Copyright © 2022 | Terms & Conditions | About Us | Dick Young | Archives