PB
The trouble with that guy is that some of his "facts" arent. Just a couple of examples
- capital gains taxes ARE aimed at the rich (contrary to what he says) because a large portion of the 50% who own stocks have them in tax sheltered accounts and so dont pay any tax at all. Cutting those taxes does nothing whatever for them nor does raising them hurt them. It is the rich who gain and lose the most because they hold lots of stocks outside of tax sheltered accounts.
- there is a reason sowell cites studies of the effects of minimum wages in OTHER countries. That is because the studies done in THIS country show the opposite of what economic theory says - there is NO measurable increase in unemployment as a result of minimum wage increases. See -
SSRN-Minimum Wages and Employment: A Case Study of the Fast Food Industry in New Jersey and Pennsylvania by David Card, Alan Krueger
These guys are highly respected economists. Not factless hacks like some we could name.
Dont believe everything you read just because you agree with it.