Tag Archives: consumption

Protecting Chinese Oil

BY RICH GALEN
Reprinted from Mullings.com

According to the Washington Post, 6,648 U.S. service personnel were killed in Iraq starting in April, 2003. The vast majority of those killed, 4,588 or 69 percent were young people under the age of thirty.

I am not going to re-litigate the Iraq war today. Or, probably, ever. But I do want to point out an issue that has arisen over what has happened to all the oil in Iraq over which, according to many, we had gone to war to protect for our own use.

It didn’t work.

According to an article by reporters Tim Arango and Clifford Krauss in the New York Times over the weekend, “Since the American-led invasion of 2003, Iraq has become one of the world’s top oil producers, and China is now its biggest customer.” Continue reading →

Top 1% Pay Their Fair Share?

BY FRANK HILL
Reprinted from Telemachus.com

Support the move to replace our corporate and personal income tax code with a national consumption-based tax.

Why?

Because it will be far simpler than the current sclerotic byzantine income-based tax structure that has been in place since 1913. It will return the United States to the preferred tax revenue-generation method favored by our Founders who thought a tax on someone’s income could be capricious and ruinous to a person’s freedom and productivity.

They were right on the ‘capricious’ part. Continue reading →