As the Biden administration officially begins, join Jim and Greg as they cheer the U.S. for declaring a Chinese genocide against the Uighurs on President Trump’s final day in office. They also groan as Biden plans an economic policy around issues like race, gender equality and climate change rather than traditional metrics. And they’re surprised to see Democrats predict a COVID relief bill being delayed until March, although given what’s likely to be in it, we’re in no hurry to see much of it become law.

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The legislature of Washington State is 100% DemocRat-owned. All three branches are now in Crackdown Mode, with the boot of government ever harder on the necks of the citizens. Who were already laid low by Covid restrictions, business closures, and unemployment. Just today, the Dems announced their “transportation” package, including the expected gasoline-tax increases ($0.18-$0.25 […]

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Join Jim and Greg as they expose the insanity of Tennessee Rep. Steve Cohen, who says the National Guard could be a threat to Biden since many of them probably voted for Trump. They also pummel Joe Biden for yet another nomination based solely on identity politics rather than competence. And they also condemn Biden for planning to kill the Keystone XL Pipeline, despite many good reasons for the project to continue.

Host Joe Selvaggi talks with Stanford University Economics Professor Joshua Rauh about his research on the reaction of Californians to a tax increase, from his report, “The Behavioral Response to State Income Taxation of High Earners, Evidence from California.” Prof. Rauh shares how his research offers tax policy makers insight into the likely effects of similar increases in their own states, including here in Massachusetts.

Guest:

Join Jim and Greg as they applaud Politico editors for defending their decision to have Ben Shapiro as a guest author and not caving to the liberal outrage in the newsroom. They also tell Joe Biden that this is the worst possible time to pursue a $15 per hour minimum wage, since it would kill even more jobs and probably more businesses. And they fume as a major study concludes lockdown policies did not help to stop the spread of the coronavirus.

Join Jim and Greg as they explore some of the ideas on China that ought to unite conservatives, moderates, and even some Democrats. They also shudder as Bernie Sanders is about to become chairman of the Senate Budget Committee and plans to use the reconciliation process a lot to avoid Senate filibusters. And they unload on Don Lemon for demonizing all Trump voters because some repulsive figures supported him too.

Gene Marks, President of the Marks Group PC and writer for outlets like The Guardian and The Hill, joins Carol Roth to discuss the state of small business coming out of 2020 into 2021. Gene and Carol break down Trump’s business legacy and what might be in store in the new administration. Plus, some great tax tips and breaks of which you may not be aware. 

Plus, a “Now You Know” on how to hack getting on the train at Penn Station.

Join Jim and Greg to help you through a tough day for conservatives. First, they cringe as it appears Democrats won both Senate races in Georgia because a lot of Republicans didn’t show up. They also discuss how a Chuck Schumer-led Senate means a rough two years are in store for conservatives. And despite a lot of anticipation for dramatic action at today’s Joint Session of Congress on the 2020 Electoral College vote, they explain why there’s not much Vice President Pence or any other Republicans can do to reverse the outcome.

Contributor Post Created with Sketch. How Washington Can Boost American Entrepreneurship

 

Entrepreneurs play a critical role in the American economy. The new businesses they launch provide new goods and services. They also provide existing goods and services more efficiently, forcing incumbents to do a better job through competition. And while most media attention seems devoted to potentially high-impact technology startups, regular “mom and pop” businesses can be important mechanisms for upward mobility. We want a dynamic economy where labor and capital can be employed as productively as possible. Entrepreneurship plays a big role in making that happen.

It remains to be seen how entrepreneurs navigate the post-pandemic economy. But before the coronavirus outbreak, there were several disturbing long-term trends about America’s startup superpower. Among them: New businesses have become a smaller share of all companies than they used to be, as well as their share of total employment. These trends are illustrated in “Federal Policies in Response to Declining Entrepreneurship,” a new Congressional Budget Office report on the subject:

Joe Selvaggi talks with John Regan, President and CEO of Associated Industries of Massachusetts, about the impact of higher UI rates on employers and what legislators can do to help mitigate the pain.

Guest:

Recommended by Ricochet Members Created with Sketch. Happy New Year, Seattle: You May Kiss Uber Goodbye!

 

Among the many new laws taking effect tomorrow, Seattle has a new minimum-wage law. That law required ride-hailing services like Uber and Lyft to dramatically increase what they pay their drivers. Seattle’s new minimum-wage law mandates that companies with over 500 employees must pay them $16.36 per hour or more. The KOMO article states that ride fares might increase up to 50% to satisfy that new law.

A spokesperson with Uber says fares will increase starting Jan. 1 when they add a new 61-cent surcharge to cover costs of paid sick time and a new mandated 75-cent fee which overall will lead to an increase in fares of about 24 percent.

Contributor Post Created with Sketch. George Washington vs. Washington DC’s Debt

 

Our nation’s founders were keenly aware of the habits of mind necessary to self-governance. Public thrift was considered essential to prosperity and stability. They knew from reading history that financial insolvency was a primary destroyer of great civilizations.

George Washington among others warned against “ungenerously throwing upon posterity the burden which we ourselves are to bear.”

They would see everything they feared most unfolding now in 21st-century America, capped by the financial disaster we have created out of a viral pandemic. We have so far added over $4 trillion in Covid spending, all of it paid for by our fantasy credit card.

Happy New Year! Jim and Greg conclude the Three Martini Lunch Award season by announcing their choices for person of the year and turncoat of the year. They also make very different predictions about 2021.

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The American Revolution was sparked in part by unjust taxation. After all, the colonists in Boston rebelled against Britain for imposing “taxation without representation,” and summarily tossed English tea into the harbor in protest in 1773. Nowadays Americans collectively spend more than 6 billion hours each year filling out tax forms, keeping records, and learning new tax rules according […]

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We hope you had a wonderful Christmas and we’re glad to have you back as we return to our prestigious Three Martini Lunch Awards. Today, Jim and Greg discuss the worst scandals of 2020, which Jim choosing an international mess and Greg opting for a domestic one. Next, we sift through a ton of possibilities for the best and worst political theater of 2020.

Join Jim and Greg as they fume over the obscene process by which Congress shoveled a lot of wasteful spending into the combined omnibus and COVID relief spending bill that will do some good for small businesses. But while disgusted with the process, they are excited about the doubled tax deduction for three martini lunches! And they address comments from Die Hard director John McTiernan that the film is anti-capitalist, but they just might veer off into other aspects of this cinematic masterpiece.

Join Jim and Greg as they detail the lengths China went to in its efforts to manipulate media coverage of the early days of the coronavirus outbreak. They also try to beat back the global freak out over a new strain of COVID seen in Britain. And they react to young healthy members of Congress getting vaccinated before some medical personnel and more vulnerable people.

Contributor Post Created with Sketch. The Science Is Clear: End the Lockdowns

 

Our response to the Covid pandemic continues to be incoherent and ineffective. No matter how many interstate comparisons prove that lockdowns confer no permanent benefit, no matter how much economic devastation we endure and how many lives are ruined, we soldier on, refusing to learn from experience.

Our panic-driven approach was originally in reaction to an apparent overall death rate of 3% and the need to keep hospitals from being overwhelmed. But we now know that 82 studies worldwide have found a median death rate of 0.2% of all those infected by Covid and supplemental hospital units were mothballed.

Even more encouraging, the virus is not equally threatening to all. The mortality rate for people over 70 is 1000 times greater than for children, who are almost totally protected. In fact, over twice as many children have died from seasonal flu this year than from Covid.