Among the suggestions being made for getting the American economy moving up again is a reduction in the capital gains tax. But any such suggestion makes people on the left go ballistic. It is "trickle down" economics, they cry. Liberals claim that those who favor tax...
China is the largest foreign holder of U.S. government bonds. But, instead of buying more of those bonds as our skyrocketing national debt leads to more bonds being issued, China has been selling some of its U.S. government bonds this year. The Chinese are no fools....
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...
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 -- translated as Ambassador-2....
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...
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 court,...
When you file your taxes this year, consider this certainty: As an ever-increasing amount of our taxes are appropriated for government spending on health care, tax policy ultimately has little to do with attempting to improve the quality and affordability of health...
In dealing with AIG, why are people pussyfooting around? They believe that the bonus money was stolen from the public and must be retrieved by any means possible. So why not bypass the niceties and just send in some well-armed "enforcers" to confiscate the bonus...
What must be done to recover from this financial crisis? Barack Obama rightly stresses that we first must understand how today's problems emerged. It is "only by understanding how we arrived at this moment that we'll be able to lift ourselves out of this predicament."...
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...
My students had the extreme good fortune of being taught physics by David Harriman, a scholar of physics who is currently writing a book on the influence of philosophy on the history of physics. With his vast knowledge of physics and pedagogy, Mr. Harriman designed a...
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 from...
In his news conference following the London G20 Summit on April 2, Obama said this: In terms of local politics, look, I'm the President of the United States. I'm not the President of China, I'm not the President of Japan, I'm not the President of the other...
As we gaze into an uncertain future it seems that there is a storm looming over the horizon--and for once, I am not referring to our current economic woes. Rather, I am identifying the fact that America is finally beginning to stir. Across the country there have...
Most of our nation's great problems, including our economic problems, have as their root decaying moral values. Whether we have the stomach to own up to it or not, we have become an immoral people left with little more than the pretense of morality. You say, "That's a...
Someone once said that, for every rookie you have on your starting team in the National Football League, you will lose a game. Somewhere, at some time during the season, a rookie will make a mistake that will cost you a game. We now have a rookie President of the...
The President of the United States doesn’t care about the rights of individuals. He only cares about the power of governments.
Our Colonial ancestors petitioned and pleaded with King George III to get his boot off their necks. He ignored their pleas, and in 1776, they rightfully declared unilateral independence and went to war. Today it's the same story except Congress is the one usurping the...
Nearly a century ago, the United States Federal Reserve Bank was established. The stated purpose was to eliminate boom and bust and other fluctuations in the U.S. economy. Federal government control of banking and the money supply was declared to be absolutely...
Death threats to executives at AIG, because of the bonuses they received, are one more sign of the utter degeneration of politics in our time. Congressman Barney Frank has threatened to summon these executives before his committee and force them to reveal their home...
On March 16, Obama said this about AIG: I do want to comment on the news about executive bonuses at AIG. ... This is a corporation that finds itself in financial distress due to recklessness and greed. Under these circumstances, it's hard to understand how derivative...
Someone once said that Senator Hubert Humphrey, liberal icon of an earlier generation, had more solutions than there were problems. Senator Humphrey was not unique in that respect. In fact, our present economic crisis has developed out of politicians providing...
What is bankruptcy? Bankruptcy is a financial state that occurs when a person or business can no longer repay its debts. In the legal sense, bankruptcy begins when a court recognizes that the financial state of bankruptcy exists. The bankruptcy court takes charge...
The political left-wing in America and most Democrats are hopeful, even gleeful, that “Obamanomics” might “vanquish” Reaganomics,[1] that tax-hiking, pork-dispensing schemes aimed at boosting consumption and government (a la John Maynard Keynes)[2] will displace...
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