New Year’s Day 2013. Football games? No. Parades? No. Hangover cure? No.
I spent the entire day watching the Chasing Classic Cars marathon on USA as background noise while focused on Twitter following the U.S. House Republicans wringing their hands over what to do about the Senate-passed bill to crawl back up the fiscal cliff.
Without getting into the weeds about things like (according to CNN.com) extending the excise tax carry-over on rum produced in Puerto Rico and the Continue reading →
Support the move to replace our corporate and personal income tax code with a national consumption-based tax.
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.
Which one is better..or worse? To which guilty party can these words be assigned, Your Honor?
We are always surprised, although we shouldn’t be, when we see the media attack the GOP in Congress for ‘holding the middle-class hostage to getting tax cuts extended for the wealthy (‘fat-cat, dishonest, conniving, Scrooge-like white rich) guys’. (That is the intimation, isn’t it? Tell the truth.)
Why is it taken as the Gospel Truth that the current impasse is solely the fault of the Republican Party in charge of the House of Representatives in Congress? Continue reading →
BY JOHN FEEHERY
Reprinted from TheFeeheryTheory.com
During the American Civil War, it became quite fashionable for the very wealthy to pay for the privilege to have somebody else take their place in the actual fighting of the conflict.
I was thinking about this dynamic at the airport today.
Instead of paying for the privilege of having somebody else fight for you, in today’s world of frequent flyers and business class travel, you can actually pay for the privilege of cutting in line. Continue reading →
Income disparity is not as big as you may think, believe it or not.
Everyone is talking about ‘taxing the rich!’, ‘redistributing the wealth!’ and ‘income inequality!’ as if it is something from a fairy tale or something. If you didn’t know better, you would think you were reading history from the French Revolution (‘Off with their heads!) or the writings of Leon Trosky and the others who brought ‘income-equality’ (as in ‘low’ income for everyone but the rulers) in Soviet Russia for almost a century. Continue reading →