EpiPen fiasco was caused by the FDA – don’t blame free market capitalism

Our government, not free market capitalism, is to blame for this situation which has allowed Mylan Pharmaceutical company to jack-up prices for its EpiPen. The FDA is has created a huge delay in approving generic epipens.  This has effectively given Mylan a monopoly.  Established drug companies should have some type of fast-track authority to manufacture generic products without having to get advance approval from the FDA.  Don’t blame private enterprise for problems created by government.

Consider Gary Johnson, Libertarian for President

Many of us feel very dissatisfied about having to choose between the lesser f two evils for president.  Many think that Hillary Clinton is dishonest and has been bought and paid for by large special interests, and many think that Trump is unqualified in international affairs and a braggart bully with no substance on the issues.  We shouldn’t have to make the least bad choice.

Gary Johnson, former governor of New Mexico and the Libertarian Party candidate for President, is a good choice.  Johnson is a down-to-earth, common sense person who believes in fiscal responsibility, social tolerance, strong defense international good will, and individual liberty.   Socially, he has a live-and-let-live philosophy – you should be able to do pretty much whatever you want as long as you don’t initiate force or fraud against others, and don’t put others in danger.  Fiscally, he believes the federal government should play a much smaller role in our lives.  He does believe there is a proper role for government – to help protect our lives, our liberty, and our justly acquired property.  He is against crony capitalism.  He knows that  a welfare state creates dependency.  He believes that we should work together, cooperatively and voluntarily, to solve our common problems.

If you are polled about who you would support or vote for President, tell them that you are for Gary Johnson, the Libertarian candidate for president.  At least that might get him into the national debates and give us a chance to learn about an alternative to the the lesser of two evils.

Don’t be too quick to ban payday loans.

The Register has called for payday loans to be outlawed. (See link below.)  Just know, that if payday loans are banned, people who have a need for short-term small loans will simply not be able to get one – from any legal source. Using the calculated annual rate of interest is somewhat misleading. If a person borrows $500 for two weeks and has to pay back $550, the annual rate of interest is $260%. If the maximum allowed annualized interest rate was 36%, then interest on a two week loan for $500 would be capped at $7. No legal lender will make a $500 loan for 2 weeks to only earn $7. The Register quoted Democratic Iowa Senator Joe Bolkcom as saying, “In Iowa, they would be better off getting a loan from a loan shark.” If Iowa bans payday loans, we may find out whether or not Senator Bolcom is correct.

Link: http://www.desmoinesregister.com/story/opinion/editorials/2016/05/28/editorial-state-must-do-more-stop-payday-lending/84584084/

 

Repeal Iowa Constitutional amendment – dont’ pay farmers rent to not pollute.

Governor Brandstad said he is open to increasing the sales tax to improve water quality in Iowa. (Des Moines Register, 5/3/2016, “Branstad open to sales tax for water quality” – link below) Specifically, he wants to implement the Natural Resources and Outdoor Recreations Trust Fund. Under the Iowa Constitutional amendment passed in 2010, the next three-eights of a penny increase in the sales tax must go to the Trust Fund. He suggested offsetting the tax increase by a decrease in the income tax – to make the change revenue neutral.
We all want clean water and nice recreation opportunities. But, what I don’t want is to pay farmers rent to not pollute. It appears that up to 50% of the tax collected could go to farmers to entice them to not pollute. The Constitutional amendment was a mistake. People want clean water and good recreational opportunities, but the way the Consitutional amendment was structured was a mistake. I think most Iowans voted their emotions, but would really not agree with the structure of the amendment.  We need to repeal this amendment.

Increasing the minimum wage is the wrong answer.

The idea of raising the minimum wage – in Polk County, Iowa, or anywhere, is an emotional issue.  Wouldn’t it be nice if everyone earned a “living wage”?  On the logical side, just remember that raising the minimum wage will result in more people not being able to find work – especially the least skilled workers.  Also know that it will put upward pressure on prices that will further raise the cost of living – which will put more political pressure to further raise the minimum wage.  Increasing the Earned Income Tax Credit (EITC) is a better idea.  It is paid for by all income tax payers and targets those who have real need, without putting further upward pressure on prices.

Our liberties we prize? Our rights we will maintain?

Recent Iowa Polls have found: A majority of Iowans prefer to use the force of government to require fellow citizens to buy gasoline that has ethanol blended into it whether the buyer wants it or not.  A majority of Iowans prefer to treat fellow citizens as criminals if they use drugs that are not favored by the majority, even if such use harms no other person.  A majority of Iowans want to force businesses to pay a minimum wage, even though it means that the least skilled people may not be able to find work.  A majority of Iowans prefer to use the force of government to prohibit vaping in privately owned businesses, even if the owners, customers and employees prefer that it be allowed.  Iowa should change its motto to:  Our liberties we prize and our rights we will maintain, unless, of course, the current majority disagrees, even if you are a peaceful person and do no harm to others.

Should people be free to keep their finances private?

The has been a lot of news lately about the “Panama Papers” – the leak of 11.5 million documents from a Panamanian law firm that show how rich people from around the world hide their wealth.  There has been an outcry from  politicians world-wide that there should be no place available for people to hide their assets.

On the one hand, I agree that government officials who steal from their own countries, and private individuals who use violence or fraud to wrongly take from others need to be found out and punished.

On the other hand, honest people should not have to reveal all of their assets to government.  I don’t have an answer, but making you a criminal because you want to keep your wealth private seems wrong.