Tag: taxes

Economics and Economy

Low Interest Rates Hid True Cost of Increasing Debt

House mortgage-type instrument suggested as means to pay off national debt Guest Post By Lee A. Presser Interest rates have been held artificially low by the Federal Reserve since 2008.  This has had the effect of hiding the true cost of increasing debt.  As interest rates rise back toward 4%, the U.S. Treasury will have …

News

Here’s How I’m Voting August 5 (with printable grid of ballot measures) *Update*

You’d think being a political animal of sorts, election season would be my favorite time of year. It’s not. I hate elections. I hate the crappy, predictable radio ads (above all else). I know, they do it because it works. Well, not really, but I’m not going to give a free marketing statistics lesson here. …

Science

How is Obama’s Julia Like Pristomyrmex Punctatus?

Before I answer that, a little science. Scientists study all kinds of things. One thing they study is ants, because ants teach a lot about communities. In a recent study published in Proceedings of the National Academy of Sciences, ecologists Shigeto Dobata and Kazuki Tsuji studied the effects of “cheaters” in a colony of Pristomyrmex Punctatus ants. P. Punctati segment their …

US Congress

Our Tax Code: The Fustercluck From Which Everything Rancid Crawls

William F. Buckley proposed a simple tax reform in 1973. The language barrier that separates people like Buckley from that odd species we call Congress prevented his thoughts from finding fertile soil.  And in the 40 years between, the tax code has become only murkier and more dangerous. “Our tax laws were,” Buckley wrote in …

Economics and Economy, Latest

NYT Describes Mayhem of “Taxmageddon”, And It Will Scare You Sick

Financial Armageddon

What the hell’s going on at NYT? First, they do a piece on Andrew Breitbart. Then they warn the world that Taxmageddon will crush the world in 2013, beginning with the USA. Here’s how Business Insider summarized the David Leohardt article: Basically, with no changes to current law, taxes will rise for everyone, and after …

Economics and Economy

Video: Rick Santelli Destroys The Buffett Rule Live on CNBC

crusher

The man who’s 2009 rant inspired the Tea Party movement shreds Obama’s “soak the rich” plan. Shreds I said. Santelli Crushes Buffett Rule There is no tax solution to America’s spending problem.  Each additional dollar confiscated from the economy to feed the Washington bureaucracy results in an additional $1.40 in new spending. Washington IS THE …

Limited Government, Other News

5 Ways Warren Buffett Can Take Personal Responsibility and Stop Relying on Government to Solve His Problems

Warren Buffett makes the erroneous claim that he pays less in taxes than does his secretary.  He claims that the government thus “coddles” the rich.  He asks the government to increase his taxes, and the taxes of others like him, as if he is incapable of doing that on his own. Buffett is half right.  …

Economics and Economy

What’s Your FICA Score?

Your FICO score is a number between 380 and 820 (or something like that) that banks use to determine your credit worthiness.  The higher your FICO score, the better. But that’s not what I’m talking about here. I’m talking about your FICA score. Your FICA score is the minimum payment on your federal loan. You …

Economy, Latest, Limited Government

80 Percent of Americans Read This Blog Every Day

I’ll be honest with you: I’ve lied. Usually out of desperation. I’ve lied to those closest to me—those most willing to forgive the thing I lied about.  I’ve also told the truth to my own detriment.  In the long run, the latter works best. In fact, telling the truth works best in the short run, …