How Capitalism Will Save Us (74 page)

16.
Holman W. Jenkins, Jr., “Yes, Detroit Can Be Fixed: A CAFE Tweak Can Bust the UAW Labor Monopoly,”
Wall Street Journal
, November 5, 2008, p. A2.
http://online.wsj.com/article/SB122584326266699163.html
.

17.
Jerry Flint, “They Can Build Them; Why Can’t We?”
Forbes.com
, May 28, 2009.
http://www.forbes.com/2009/05/27/auto-manufacturing-detroit-business-unions.html
.

18.
Ibid.

19.
Justin Hyde, “If They Build It Green, Will People Buy It?”
Detroit Free Press
, January 15,
2008.
http://www.allbusiness.com/automotive/motor-vehicle-models-new-car/12082120-1.html
.

20.
Barack Obama, “Remarks in Detroit, Michigan,” September 28, 2008.
http://www.barackobama.com/2008/09/28/remarks_of_senator_barack_obam_123.php
.

21.
Henry Hazlitt, “Economics in One Lesson.”
http://jim.com/econ/chap02p1.html
.

22.
Ibid.

23.
Ibid.

24.
John Stossel, “Real Jobs Create Wealth,”
RealClearpolitics.com
, February 19, 2009.
http://www.realclearpolitics.com/articles/2009/02/real_jobs_create_wealth.html
.

25.
Ibid.

26.
Amity Shlaes, “The New Deal Jobs Myth,”
American Enterprise Institute
, January 2008.
http://www.aei.org/docLib/20080116_0722579OTIShlaes_g.pdf
.

27.
Ibid.

28.
Ibid.

29.
Stossel, “Real Jobs Create Wealth.”

30.
Jim Angle, “House GOP Wants Stimulus Input Following Critical Report,”
FOXNews.com
, January 21, 2009.
http://www.foxnews.com/politics/first100days/2009/01/21/house-gop-wants-stimulus-input-following-critical-report/
.

31.
Robert Reich, “Don’t Blame Wal-Mart,”
New York Times
, Febuary 28, 2005.
http://query.nytimes.com/gst/fullpage.html?res=9C07E2DA153DF93BA15751C0A9639C8B63
.

32.
“Overall, Has Wal-Mart Been Good or Bad for the American Economy?”
Wall Street Journal
, October 2, 2007.
http://forums.wsj.com/viewtopic.php?t=858
.

33.
Al Norman, “Wal-Mart Cancels 45 Superstore Projects,”
Huffington Post
, March 30, 2008.
http://www.huffingtonpost.com/al-norman/wal-mart-cancels-45-super_b_94112.html
.

34.
Andrea M. Dean and Russell Sobel, “Has Wal-Mart Buried Mom and Pop?” Spring 2008, Cato Institute.
http://www.cato.org/pubs/regulation/regv31n1/v31n1-1.pdf
.

35.
Ibid.

36.
Robert McNatt, “Who Says Wal-Mart Is Bad for Cities?,”
BusinessWeek.com
, May 10, 2004.
http://www.businessweek.com/magazine/content/04_19/b3882083_mz017.htm
.

37.
Gwendolyn Bounds, “The Long Road to Wal-Mart Shelves,”
The Wall Street Journal Online
, September 20, 2005.

38.
Byron York, “The Wal-Mart Movie: Buyer Beware,”
Huffington Post
, November 21, 2005.
http://www.huffingtonpost.com/byron-york/the-walmart-movie-viewer-_b_11025.html
.

39.
John C. Bogle, “Strengthening Worker Retirement Security,” Statement before the Committee on Education and Labor, U.S. House of Representatives, Washington, D.C., February 24, 2009.
http://www.nextstepdc.com/assets/pdf/20090224JohnBogleTestimony.pdf
.

40.
David John and Robert Moffit, “Medicare and Social Security: The Challenge of Giant Entitlement Costs,” Heritage Foundation, March 25, 2008.
http://www.heritage.org/Research/Budget/upload/wm_1867.pdf
.

41.
Michael Tanner, “A Real Lockbox for Social Security,”
Cato.org
, July 1, 2005.
http://www.cato.org/pub_display.php?pub_id=3970
.

42.
David C. John, “2009 Social Security Trustees Report Continues to Show the Urgency of Reform,” Heritage Foundation, May 13, 2009.
http://www.heritage.org/Research/SocialSecurity/upload/wm_2439.pdf
.

43.
Jeremy Siegel, “Stock Market,”
The Concise Encyclopedia of Economics
.
http://www.econlib.org/library/Enc/StockMarket.html
.

44.
Ray Holbrook and Alcestis Oberg, “A Model for Social Security Reform,”
USA Today
, March 15, 2005.
http://www.usatoday.com/news/opinion/2005-03-15-benefits-reform-galveston_x.htm
.

45.
Jeffrey Sachs, “The Social Welfare State, Beyond Ideology,”
Scientific American
, November, 2006.
http://www.scientificamerican.com/article.cfm?id=the-social-welfare-state
.

46.
Ibid.

47.
Daniel Mitchell, “What Can the United States Learn from the Nordic Model?” Cato Institute Policy Analysis, November 5, 2007.
http://www.cato.org/pubs/pas/pa-603.pdf
.

48.
Bruce Bawer, “We’re Rich, You’re Not. End of Story,”
New York Times
, April 17, 2005.
http://www.brucebawer.com/rich.htm
.

49.
Ibid.

50.
Daniel Mitchell, “Hoping to Restore Growth, Voters Rebel Against Sweden’s High-Tax Welfare State,” Heritage Foundation, September 24, 2006.
http://www.heritage.org/research/taxes/wm1219.cfm
.

51.
Martin De Vlieghere, “The Myth of the Scandinavian Model,”
Brussels Journal
, November 25, 2005.
http://www.brusselsjournal.com/node/510/print
.

52.
Mitchell, “What Can the United States Learn from the Nordic Model?”

53.
Per Bylund, “How the Welfare State Corrupted Sweden,”
Mises Daily
, May 31, 2006.
http://mises.org/story/2190
.

54.
Mitchell, “Hoping to Restore Growth.”

55.
Mitchell, “What Can the United States Learn from the Nordic Model?”

56.
Daniel Mitchell, “Sweden Repeals Wealth Tax,”
[email protected]
, March 31, 2007.
http://www.cato-at-liberty.org/2007/03/31/sweden-repeals-wealth-tax/
.

1.
Barbara Ehrenreich, “The Trouble with the Super-Rich,”
The Nation
, June 12, 2007.
http://www.thenation.com/doc/20070625/ehrenreich2
.

2.
Daniel Gross, “Don’t Hate Them Because They’re Rich,”
New York Magazine
, April 11, 2005.
http://nymag.com/nymetro/news/culture/features/11721/
.

3.
Ibid.

4.
Daniel Henninger, “The Obama Rosetta Stone” (Wonder Land column),
Wall Street Journal
, Opinion, March 12, 2009, p. A13.
http://online.wsj.com/article/SB123681860305802821.html
.

5.
Nancy Pelosi, House Floor Speech in support of Emergency Economic Stabilization Act of 2008, House of Representatives, September 30, 2008.
http://speaker.house.gov/newsroom/speeches?id=0149
.

6.
Alan Reynolds, “Fannie Mae and Freddie Mac Should Be Cut Down and Cut Loose,”
U.S. News and World Report
, July 21, 2008.
http://www.usnews.com/articles/opinion/2008/07/21/fannie-mae-and-freddie-mac-should-be-cut-down-and-cut-loose.html
.

7.
Ibid.

8.
Terry Jones, “How a Clinton-Era Rule Rewrite Made Subprime Crisis Inevitable,”
Investor’s Business Daily
, September 24, 2008.
http://www.ibdeditorials.com/IBDArticles.aspx?id=307149667289804
.

9.
Ronald Utt, “Time to Reform Fannie Mae and Freddie Mac,” Heritage Foundation, June 20, 2005.
http://www.heritage.org/research/governmentreform/upload/79741_1.pdf
.

10.
Brink Lindsey, “How Real Is Real Income?” “Age of Abundance” blog, May 30, 2007.
http://www.brinklindsey.com/?p=77
.

11.
Diana Furchgott-Roth, “Richer Than You Think,” Hudson Institute, December 11, 2006.
http://www.hudson.org/index.cfm?fuseaction=publication_details&id=4355
.

12.
Robert Frank, “The Mobile Rich,” The Wealth Report, Wall Street
Journal.com
(blog), November 14, 2007.
http://blogs.wsj.com/wealth/2007/11/14/the-mobile-rich/
.

13.
Hedrick Smith, “The Russians: Intro,”
HedrickSmith.com
.
http://www.hedricksmith.com/books/bookTheRussianIntro.shtml
.

14.
Douglas J. Besharov, “Measuring Poverty in America.” Testimony Before the Committee on Ways and Means in the U.S. House of Representatives, August 1, 2007.
http://www.welfareacademy.org/pubs/poverty/Pov_Meas_House_testimony_07_0801.pdf
.

15.
Ibid.

16.
Nicholas Eberstadt, “The Poverty Rate,”
AEI Online
, March 1, 2002.
http://www.aei.org/issue/13711
.

17.
Robert Rector, “The Myth of Widespread American Poverty,” Heritage Foundation, September 18, 1998.
http://www.heritage.org/research/welfare/bg1221es.cfm
.

18.
Robert Rector, “Understanding Poverty and Economic Inequality in the United States,” Heritage Foundation, September 15, 2004.
http://www.papillonsartpalace.com/poverty.htm
.

19.
Eberstadt, “The Poverty Rate.”

20.
Brian Wesbury, “Rising Wage Gap, But No Squeeze,”
RealClearPolitics.com
, February 5, 2007.
http://www.realclearpolitics.com/articles/2007/02/rising_wage_gap_but_no_squeeze.html
.

21.
Marc Hodak, “CEOs Aren’t Overpaid,”
Forbes.com
, May 8, 2008.
http://www.forbes.com/2008/05/08/ceos-not-overpaid-ent-competition08-cx-mh_0508hodak.html
.

22.
Gary Weiss, “The Man Who Made Too Much,”
Portfolio
, February 2009.
http://www.portfolio.com/executives/features/2009/01/07/John-Paulson-Profits-in-Downturn
.

23.
Ibid.

24.
Ibid.

25.
Ibid.

26.
Hunter Lewis,
Are the Rich Necessary?
(Mount Jackson, Va.: Axios Press, 2007), pp. 19–20.

27.
Hunter Lewis, “Are the Rich Necessary? Great Economic Arguments and How They Reflect Our Personal Values,”
The Mises Review
, fall 2007.
http://mises.org/misesreview_detail.aspx?control=316
.

28.
Barbara Ehrenreich, “The Rich Are Making the Poor Poorer,”
The Nation
, June 13, 2007.
http://www.alternet.org/workplace/53962/
.

29.
Ibid.

30.
Ibid.

31.
Una Galani, “Uganda: Return of the Exiles,”
The Independent
, August 26, 2005.
http://www.independent.co.uk/news/world/africa/uganda-return-of-the-exiles-504325.html
.

32.
Thomas Sowell, “Is Anti-Semitism Generic?”
Hoover Digest
, 2005.
http://www.hoover.org/publications/digest/2931421.html
.

33.
David Fintz Altabe, “The Significance of 1492 to the Jews and Muslims of Spain,”
Hispania
, September 1992.
http://www.millersville.edu/columbus/data/his/ALTABE01.HIS
.

34.
“Spain Honoring Jews 500 Years After Expulsion,”
New York Times
, June 3, 1990.
http://www.nytimes.com/1990/06/03/world/spain-honoring-jews-500-years-after-expulsion.html
.

35.
D. V. Ranarajan,
Sura’s Quotable Quotes, Adages and Sayings
(India: Sura Books, 2004), p. 62.

36.
Ben Stein, “Democrats Fan Dangerous Envy,”
USA Today
, Editorial/Opinion, March 7, 2001.

37.
Lynn Stout, “Why Carl Icahn Is Bad for Investors,”
Wall Street Journal
, August 1, 2008.
http://online.wsj.com/article/SB121754688222002635.html
.

38.
Bruce Bartlett, “New York Times Twists Good News into Bad,”
Human Events
, August 31, 2004.
http://www.papillonsartpalace.com/newnyork.htm
.

39.
Department of the Treasury, “Income Mobility in the U.S. from 1996 to 2005,” November 13, 2007.
http://ustreas.gov/offices/tax-policy/library/incomemobilitystudy03-08revise.pdf
.

40.
Todd Zywicki, “It’s Not the Mortgages, It’s the Taxes,”
Washington Post
, April 29, 2008.
http://www.washingtonpost.com/wp-dyn/content/article/2008/04/28/AR2008042802486.html
.

41.
Todd J. Zywicki, “The Two-Income Tax Trap,”
Wall Street Journal
, August 14, 2007,
http://www.law.gmu.edu/news/2007/803
.

42.
Ibid.

43.
Laura Rowley, “Can You Live on One Income? It’s Worth a Try,”
Yahoo Finance
, May 7, 2008.
http://finance.yahoo.com/expert/article/moneyhappy/81176
.

44.
WiseBread.com
, August 9, 2008.
http://www.wisebread.com/is-living-on-one-income-a-status-symbol#comment-132008
.

45.
Curt, “Dual-Income Families Have Less Money,”
WiseBread.com
, August 7, 2008.
http://www.wisebread.com/is-living-on-one-income-a-status-symbol#comment-131660
.

46.
WiseBread.com
, August 19, 2008.
http://www.wisebread.com/is-living-on-one-income-a-status-symbol#comment-133916
.

1.
Steve Forbes,
Flat Tax Revolution: Using a Postcard to Abolish the IRS
(Washington, D.C.: Regnery Publishing, 2005), p. 13.

2.
Andrew Chamberlain, Gerald Prante, and Patrick Fleenor, “Death and Taxes: The Economics of the Federal Estate Tax,” special report, Tax Foundation, May 2006, No. 142.
www.taxfoundation.org/files/sr142.pdf
.

3.
David R. Henderson, “Will the Real Christina Romer Please Stand Up?”
Forbes.com
. January 7, 2009.
http://www.forbes.com/2009/01/07/romer-obama-stimulus-oped-cx_dh_0107henderson.html
.