Unintended consequences
Cry Wolf Quotes
Confiscation of private wealth does not make the public or even its agent, the government, rich. It does not create equality of wealth, but an equality of poverty.
Youth unemployment is three times the overall unemployment rate, and for minority youth it is much, much higher. Let us not make the problem worse by enacting a minimum wage which denies young people jobs.
Such a tax inevitably discourages capital investment that is so important for the development of new energy resources. There is a definite psychological effect on investors who know that any success will be subject to a tax that could consume almost the entire profit.
CBA also disputed administration claims that eliminating the FFEL program would not result in poorer customer service to students and parents. More than 30,000 people are currently involved in helping students via the FFEL program. These experts understand students' loan obligations and how to get students the help they need when facing difficultly in repaying their loans. Firing them and hiring some untrained replacements, as the President proposes, would be a huge setback for educational opportunity.
