Blog Archives

Economists Recommend a Tax Rate of 90% on 1 Percenters?

money bags 1 percenters

Some economists are recommending that the federal government raise marginal tax rates to 90% on 1 percenters, the 1% of Americans who make hugely “unequal” sums of money a year. Marginal tax rates are taxes on amounts above a certain

Posted in Economy, Taxes Tagged with: , ,

Feds Spend $856,000 Teaching Mountain Lions to Walk on Treadmills

mountain lion on treadmill

Once again Sen. Tom Coburn (R-OK) has released his yearly list of wasteful government spending. Number one on his list of the top 100 was the $19 million paid out in salary to government workers who had been suspended from

Posted in Economy, Ethics Tagged with: , , , , , , ,

Economists tell the GOP to Go BIG on Tax Reform

abolish

If Republicans want to reform the tax code, they need to take a bold and sweeping approach, Cato Institute senior fellow Dan Mitchell said Tuesday. “People like a bold plan, because they assume that the current system is riddled with

Posted in Economy Tagged with: , , ,

Shock Report! Government Wastes Huge Amount of Taxpayer Dollars

government-waste

The federal government wastes most taxpayer dollars, not only by making poor or fradulent spending decisions, but also by funding inefficient entitlement programs and unnecessarily redistributing wealth, argues Heritage Foundation budget economist Romina Boccia. “Any Social Security check going to

Posted in Economy Tagged with: , , ,

US Sanctions Pushing China and Russia Closer Together

bear and dragon russia and china

Amid sanctions on Russia by the US and other Western countries, Vladimir Putin is solidifying his economic relationship with China: And while China remains on the sidelines in Ukraine, the deal with Moscow allows Beijing to signal its sharp disapproval

Posted in Economy, World News Tagged with: , , , , ,

Rand Paul tells the Poor to Give Up on the Democrats

rand paul

Kentucky Sen. Rand Paul, a likely 2016 hopeful, is urging middle- and working-class voters to give Republicans a chance to guide the economy. “The constituencies that voted for [President Obama] aren’t doing very well,” Sen. Paul said in an interview

Posted in Economy, Politics Tagged with: ,

China Overtakes US as World’s Largest Economy?

china economy

According to the International Monetary Fund (IMF), China has just overtaken the US as the world’s largest economy. Of course, this is not in terms of overall GDP, yet. It’s in terms of purchasing power. As an article in Forbes

Posted in Economy, Foreign Policy, World News Tagged with: , , , , ,

PBS Agrees with Obama "Country Better in Every Measurable Way"

obama wink

PBS’ Gwen Ifill refused the opportunity to offur any counter-commentary to President Obama’s assertions that “by every measure, the country is better off than when he took office.” He continued, “millions of Americans don’t yet feel enough of the benefits of a

Posted in Economy, Politics Tagged with: , ,

Operation Choke Point Illegally Restricts 2nd Amendment

operation choke point square

Obama recently unveiled Operation Choke Point, an executive cocktail intended to force banks and payment processors to divine what their customers are using their services to procure—and prohibit such sales/transactions if they fall under a wide range of “high-risk” goods

Posted in 2nd Amendment, Constitution, Economy, Email Featured, Federal Reserve, Government Control, Gun Control, Law Tagged with: , , , , , ,

Why is the Middle Class Evaporating?

Middle Class

If you listen to leftists and big-government stooges, the middle class is evaporating because of low minimum wage, greedy corporations, and tax-breaks for the rich. Which would indicate that, in order to grow the middle class, the civil government needs

Posted in Banking, Business, Corporate Welfare, Economy, Federal Reserve, Jobs, Race, Taxes, Tyranny, Welfare Tagged with: , , , , , , ,

$15 Minimum Wage = $8 Big Mac Meal

FastFoodHike_v4

Liberal Democrats are pushing to raise the federal minimum wage from $7.25 per hour to $15 per hour. They claim that it will help millions of Americans to provide for their families and require less government assistance. The argument looks

Posted in Economy, Jobs, LIberalism Tagged with: , , , , , , , ,

AT&T and Verizon think Slow Internet is “Fast Enough”

AT&T fat cat

The common understanding among big-government proponents (which includes pretty much anyone who has ever voted Republican or Democrat) is that the civil government actually protects its citizens from greedy corporate interests. But what if regulation is actually one of the

Posted in Corporate Welfare, Economy, Ethics Tagged with: , , , , ,