Taxes on capital, taxes on labor, inflation, bureaucratic regulation, minimum wage laws, are all - to different degrees - unnecessary slices of the wedge that stand between an individual's effort and reward for that effort. (Jack Kemp)

Taxes on capital, taxes on labor, inflation, bureaucratic regulation, minimum wage laws, are all - to different degrees - unnecessary slices of the wedge that stand between an individual's effort and reward for that effort.

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To unfold the secret laws and relations of those high faculties of thought by which all beyond the merely perceptive knowledge of the world and of ourselves is attained or matured, is a object which does not stand in need of commendation to a rational mind.

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Labor is prior to, and independent of, capital. Capital is only the fruit of labor, and could never have existed if labor had not first existed. Labor is the superior of capital, and deserves much the higher consideration.

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If you practice an excellent virtue without perceiving the taste of its aid, do not marvel; for until a man becomes humble, he will not receive a reward for his labor. Recompense is given, not for labor, but for humility.

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It has now been over 7 years since Congress last raised the minimum wage to its current level of $5.15 per hour. Since that last increase, Congress's failure to adjust the wage for inflation has reduced the purchasing power of the minimum wage to record low levels.

Jon Corzine