Taxation 101: Who Pays Corporate Taxes?

When we think about government spending, and the taxes needed to finance its spending, we should also think of the effects of taxation. Suppose I hire you to repair my computer. The job is worth $200 to me and doing the job is worth $200 to you. The transaction will...

Taxes and Prosperity Lost

Ask the average person which is the correct answer to the following question: Which president gave the biggest tax cuts for the rich — Reagan or Bush? I would bet the rent money that you would not get the correct response, which is: Presidents have no taxing...

Iran Has ICBM Power

Iran marked the 30th anniversary of the Islamic Revolution with a successful launch of its first indigenous satellite on Feb. 2. The Omid — “Hope” in Farsi — satellite was launched via the Iranian-produced satellite carrier Safir-2 —...

CEObama: The Car Czar

As the saying goes, be careful what you wish for — you just might get it. Just ask American car makers. In December, the CEOs of General Motors and Chrysler flew, hat in hand, to Washington. They needed billions of taxpayer dollars to stay out of bankruptcy...

Government Deception About Government Finances

Most Americans accept the continuing attack on tobacco companies and smokers, but how do they feel about the massive government deception? In 1998, 46 state attorneys general and major tobacco companies signed the Master Settlement Agreement. The major tobacco...

Random Thoughts: April 2009

Random thoughts on the passing scene: I am so old that I can remember when music was musical. Now that the federal government says that it will stand behind the warranties on General Motors’ automobiles, does that make you more likely or less likely to buy a car...