TAX POLITIX
The Politics of Taxes
Thoughts On Quantitative Easing
Ouch.
What goes around comes around.
Civics With Schumer
I missed the part where we changed our Constitution. Thanks for the update, Chuck!
More Chris Christie
Bar Stool Economics
Suppose that every day, ten men go out for beer and the bill for all ten comes to $100. If they paid their bill the way we pay our taxes, it would go something likethis: The first four men (the poorest) would pay nothing. The fifth would pay $1. The sixth would pay $3. The seventh would pay $7. The eighth would pay $12. The ninth would pay $18. The tenth man (the richest) would pay $59. So, that's what they decided to do. The ten men drank in the bar every day and seemed quite happy with...
Bastiat’s “The Law”
Something I like to do when I meet with groups is to hand out copies of Frederic Bastiat's "The Law". This is one of my favorite books, and I encourage everyone to read it at least once. The folks over at FEE (Foundation for Economic Education) have done a great job making selected writings available online for free. Click here to go to Frederic Bastiat's "The Law". You'll be glad you did.
Haiti: Donations and a Year
I just recently wrote about the squalid conditions in Haiti mostly bereft of any substantive results, despite billions in aid and donations flowing into Haiti. This report on the one-year anniversary of the Haitian earthquake disaster confirms my belief that a majority of the donation funds are being misused. Highlights, from the article: A year later, Americans are still seeing images of Haitians living in tents and wondering why. Their $10 dollar text donation may have helped pay for those...
Hypocrisy in Haiti
The criterion for charitable giving in recent years has become based on emotion rather than responsibility. An glaring example of this trend is the millions of dollars blindly poured into US and UN charities in response to the Haitian earthquake disaster. Never mind that most of these organizations are racked with corruption. Those who support their continued existence are implicitly liable for compounding the misery that still exists in Haiti nearly a year later. The recent fraudulent...
Wake Up, New York
A recent Op-Ed in the New York Post by John Faso, discusses the shrinking population in New York State and its implications for the future. Faso surmises that New Yorkers are fleeing the state -- most famously Rush Limbaugh -- because of high taxes and dismal job prospects. Our state is nearly bankrupt and has been increasingly burdensome and hostile to businesses in recent years. The population decline means a loss of two more seats in the House of Representatives. More importantly, this...
ObamaCare Unconstitutional
U.S. District Judge Henry Hudson in Virginia has ruled the individual mandate portion of the Health Care bill is unconstitutional. Virginia's Attorney General, Ken Cuccinelli, filed the lawsuit last year shortly after Obamacare was passed. Cuccinelli argued that the federal government did not have the constitutional authority to impose the requirement to purchase insurance or pay a fine. “Neither the Supreme Court nor any federal court of appeals has extended Commerce Clause powers to compel...
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