Thank you for stopping by for a visit. You are invited to read and comment on anything posted on this blog. I advocate the maximum amount of Personal and Economic Liberty, consistent with the defense of individual rights. I am fiscally conservative yet socially tolerant, I favor lower taxes, free trade, individual rights, strong national defense and limited government. I subscribe to the Freedom Fighters Creed: I am an American Patriot, defender of the Constitution, First Principles and Essential Liberty.

I believe that buried deep down inside every Conservative you'll find a Libertarian - And Inside Every Liberal Is A Totalitarian Screaming To Get Out.

"One of the penalties of refusing to participate in politics is that you end up being governed by your inferiors" - Plato

FYI any crude or vulgar comments will be removed from the blog.

Tuesday, July 23, 2013

Killing the Golden Goose

Whether or not you shop at Wal-Mart, you’ve already benefitted from the mega-retailer’s ceaseless efforts to cut prices. A 2005 study found that the nationwide expansion of the store had driven down everyone’s cost for food-at-home, commodities and overall consumer products. Competition among retailers drives down prices for all shoppers.

Meanwhile, by one estimate, Wal-Mart saved consumers at its stores a quarter of a trillion dollars in 2006. And that was several dozen price cuts ago. But you need to live near one to benefit directly. And in our nation’s capital, many residents could be denied the opportunity to shop at Wal-Mart, because the city’s government has decided to try to “help” residents by targeting that company.

On July 10, the D.C. City Council passed a bill called the “Large Retailer Accountability Act of 2013.” Columnist Charles Krauthammer says the measure is “almost like a bill of attainder” because it’s so narrowly aimed. It says that “retailers with corporate sales of $1 billion or more and operating in spaces 75,000 square feet or larger” would be forced to pay a minimum wage of $12.50 per hour, as opposed to the $8.25 that’s the minimum wage everywhere else in D.C.

The law also only applies to new stores, so it’s a perfect example of crony capitalism: existing retailers such as Target and Home Depot are benefitting from the D.C. government’s ability to limit their competition. Unions benefit too. Any unionized retailer, such as Giant or Safeway, would be exempt from the new law.

The Act passed as Wal-Mart was building three new stores in D.C. and planning an additional three.

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