Syndicated Columnists
When Millionaires and Billionaires Leave, Everyone Loses
- By Stephen Moore
Liberals are very good at chasing rich people out of their states.
Blue states lose billions of tax dollars and many tens of thousands of jobs as a result of the migration of rich people leaving high-tax and high-crime states. It seems to happen nearly every day.
Consider Elon Musk. He left California for Texas. He paid $11 billion in federal taxes last year, and the state of California will likely lose billions in tax revenues in his absence -- and that doesn't include all the property and sales taxes that his Tesla employees will now pay in Texas rather than the Golden State. Texas has no state income tax, of course.
- Hits: 764
How Angela Merkel's Green Agenda Caused the Economic Collapse of Germany
- By Stephen Moore
Remember how the world, especially the American media, fawned over former German Chancellor Angela Merkel?
The adoration was so over the top that in 2015 Time magazine named Merkel its "Person of the Year." It described her as the "Chancellor of the Free World."
Time owes whatever readers it has left a solemn apology. Today, Germans are suffering the bitter fruits of nearly every major economic and geopolitical decision Merkel made as chancellor.
Start with the German economy that she attempted to reset for the 21st century, which is reminiscent of how President Joe Biden explains to inflation-weary voters that we are going through "an incredible transition."
- Hits: 921
Biden's Green New Deal Is Increasing Greenhouse Gases
- By Stephen Moore
Here's an amazing but true statistic. After more than a decade of declining carbon emissions here in the United States, in 2021, President Joe Biden's first year in office, emissions rose.
In other words, not only have Biden's energy policies been a disaster for our economy and national security as we have become more dependent on Russia and Iran, but they haven't worked as a global warming solution.
To understand the utter futility of Biden's "renewable energy" crusade, we must go back about 15 years in time to when the amazing shale revolution, thanks to energy pioneers such as Harold Hamm of Oklahoma, the man who drilled the Bakken Shale in North Dakota, began. These new drilling techniques have vastly expanded America's natural gas production over the past decade and turned America into the world's leading oil and gas superpower.
- Hits: 782
Biden Is the Economy's Supply Chain Problem
- By Stephen Moore
Joe Biden has become America's "it's not my fault" president. Whether it's the inflation, the border, the crime, the gas prices, the Afghanistan exit fiasco or the stock market collapse, Biden has become an expert at pointing the finger at someone else.
His presidency so far reminds me of the famous campaign slogan of then-New York Mayor David Dinkins, who admitted that everything was going wrong in the Big Apple on his watch and confessed, "I'm doing the best I can." New Yorkers believed him. And they wisely tossed him out of office for Rudy Giuliani, who actually fixed things.
Take the supply chain crisis. Biden constantly blames shortages, empty shelves and back orders of everything from cars to tampons to baby formula on "supply chain" disruptions. For example, if you try to buy a new car these days, you will probably have to wait for weeks or even months to pull into your driveway. Or you will have to pay $5,000 to $20,000 above the sticker price to get a car immediately.
- Hits: 857
The Great Biden Recession of 2022 Is Already Here
- By Stephen Moore
Last week, I was invited to testify before a House committee hearing titled: "How the Biden American Rescue Plan Saved the Economy and Lives." I am not making this up. Can you imagine taking a victory lap, given our current conditions?
I told the Democrats on the committee that the idea that Congress would hold a hearing like this when the economy is coming unhinged only reinforces the suspicion held by most people that the Washington swamp is totally out of touch with the lives and hardships of everyday America.
The reality of our predicament is best summarized by JPMorgan CEO Jamie Dimon, who warned investors to "brace yourself" for what he called a fast-approaching economic "hurricane."
- Hits: 661
The Swamp vs. America: Biden Policies Are Making America Poorer
- By Stephen Moore
I've been struck by the opinion divide on the state of the economy between people with real jobs in America and the elite opinions in Washington.
Gallup and other primary and reputable pollsters find that the public is very worried. About 2 in 10 respondents rate the U.S. economy as good or great. That compares with nearly 6 in 10 people who thought the economy was good or great throughout Donald Trump's presidency. In other words, three times the number of people liked the way things were going under Trump policies than feel the same way about Bidenomics.
- Hits: 686
Beware: 100% Green Energy Could Destroy the Planet
- By Stephen Moore
The untold story about "green energy" is that it can't possibly be scaled up to provide anywhere near the energy to replace fossil fuels. (Unless we are headed back to the stone ages, which is what some of the "de-growth" advocates favor).
Right now, the United States gets about 70% of its energy from fossil fuels. To go to zero over the next 20 years would be economically catastrophic and cost tens of millions of jobs. With gas prices at nearly double their price back from when Donald Trump left office and inflation up from 1.5% to 8% in just 15 months, we are already experiencing the economic damage from the green energy crusaders.
- Hits: 1127
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