What does it take to be able to own and operate a taxi and earn $30,000, $40,000 or more a year? You need to purchase a used car and liability insurance. Compared with other businesses, the startup cost to become a taxi owner/operator is modest; that's until you have to come up with money for a license. In May 2010, the price of a license, called a medallion, to own one taxi in New York City sold for $603,000. As referenced in my recent book, Race and Economics, New York City is not alone. In Chicago, a taxi license costs $56,000, Boston $285,000, and Philadelphia $75,000. It's not rocket science to understand the effect of laws that produce these prices: They discriminate against anyone getting into the taxi business who lacks tens and hundreds of thousands of dollars or bank credit to be able to get a loan.
Many years ago, the Saturday Evening Post was one of the best-known magazines in America. But somehow I learned that the Saturday Evening Post was actually published on Wednesday morning. That was a little disconcerting at first. But it was one of the most valuable lessons, that words do not necessarily reflect reality.
It was the indefatigable investigative historian, Antony Sutton, who finally exposed the Hegelian statist virus that has plagued American politics since the early 20th century. His amazing investigation into Yale’s Skull and Bones secret society, also known as The Order, has now made it possible to understand why the Republican Party has not fulfilled its expected role as a conservative defender of the principles embodied in the Declaration of Independence and the Constitution. Instead of being a bulwark against leftist socialism, it has been a dialectical accomplice in moving America toward the New World Order. And that is why America is now becoming a socialist state.