Payroll Tax and Unemployment

Payroll Tax and Unemployment

Remember when President Obama and his team promised that if only we passed an emergency “stimulus” bill allowing them to wantonly spend $787 billion, unemployment would be capped at 8%? Two years later, having soared as high as 9.8%, July’s unemployment rate stands at...

What To Do With Our Entitlement Programs?

America’s financial situation is precarious. Over the past 8 years our national debt has doubled to $14.5 trillion and our total unfunded liabilities now exceed an astonishing $114 trillion. That’s $1,115,000 per federal income tax payer. Even the most unrepentant...

Stop the Assault on our Public Markets

In a widely-circulated NY Times column (Jan 13, 2009), Bob Herbert proposes a 0.25% transaction tax on every stock trade.  If this idea, which has been garnering support among politicians, passes into law, it will mark another devastating — perhaps fatal...

Let Them Fail

Everywhere today politicians are blaring that they must save America’s financial institutions, alleging catastrophic risk to the economy were any to fail. Paulson and the entire Bush administration, in a discernible panic, are now pouring $700 billion into the...

In Defense of Speculators and Short-Sellers

Everywhere today government bureaucrats and media pundits blame unwanted price movements on speculators and short-sellers. If prices are “too high”–it’s the fault of greedy speculators; if prices are “too low”–it’s the...
The Islamist Threat To Civilization

The Islamist Threat To Civilization

In reacting to the Islamists’ ongoing cartoon Jihad, most commentators have focused on the issue of free speech. This is natural, and necessary, since eradication of free speech is the most immediate risk; and certainly without free speech there can be no defending...

Democracy and the Right to Vote

From claims that we’ve won the wars in Afghanistan and Iraq simply because locals there can now vote, to recent “Get Out the Vote” campaigns, our leaders — democrats and republicans alike — consistently imply that the most fundamental...

Fallacy of Self-Exclusion

For several years now, Research In Motion (makers of the blackberry) and NTP have been embroiled in an intellectual property dispute wherein NTP claims that RIM is infringing some of its patents. As part of the dispute NTP was granted an injunction against RIM which...