The main economic lesson on Labor Day is that less government, not more, is what enriches workers. Government policies that make unions more powerful or increase the regulation of employment make workers less attractive to businesses and do workers no favors.
Ho Chi Minh, leader of the communists during their fight for Vietnamese independence, is simultaneously one of the most important and enigmatic figures of the 20th century.
At some point in the future, perhaps within the next half-century, interest on the national debt will eat up the federal budget to the degree that paying off any substantial portion of the debt will be unfeasible. The trajectory of spending on Social Security and Medicare and the debt they incur pose a grave threat to the stability of the world in which our children and grandchildren will live.
When a business makes a profit, who deserves the excess? Is it fair that the owner gets all the profits? Should the profits be shared equally among workers and owners alike?
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