Apr 15
For decades, the legislature of California has pushed the envelope toward socialism, high taxes and overregulation. Now the Sacramento Bee has conducted a study of the State’s tax burden. The newspaper found that forty-five percent of the state’s income tax money comes from the top 1 percent of filers – those with adjusted gross income …
Apr 14
If government programs were subjected to the same fraud and unfair-trade-practices standards that prevail in the private sector, many politicians and government bureaucrats would be serving lengthy prison sentences. Martin L. Gross reminds us that the congressional Republicans who pushed for Medicare Part D (prescription drug benefits for all Medicare recipients) in 2003 spread fundamental …
Apr 05
In Vermont, taxes have recently been raised on home heating oil, mutual funds, banks, drivers, and businesses who don’t provide health insurance to employees. Consequently, thousands of Vermonters have fled the state over the past decade. In New Jersey, more than two million people have left after two decades of ever-higher taxes and outrageous spending …
Apr 04
Detroit public schools have exacted enormous funds from their surrounding taxpayers yet underperformed for decades. Now it emerges that some overpaid Detroit Public School Administrators have been funneling hundreds of thousands of dollars meant for ‘school supplies’ to themselves. See here. One Detroit principle accepted nearly $60,000 in bribes from a school vendor. The Detroit …
Mar 17
Central banking and big governments have long shared in something of a symbiotic relationship. Central banking allows governments to give their subjects the appearance that government is a “good deal.” By running up massive debts to central banks, governments can trick their subjects into thinking that big government is “worth it.” Modern Americans, for example, …
Feb 06
America was the freest society on earth for generations; perhaps more than a century. People from throughout the world fled tyranny for American shores. During the past couple generations, however, the U.S. government has steadily increased controls, regulations and taxes. For the past 3 years, record numbers of American citizens have left or have renounced …
Feb 02
U.S. debt has hit $19 trillion. This is greater than the total annual output of the country, which is estimated to be around $16 trillion. This outrageous debt has been built even as “limited government” “conservative” Republicans maintain majorities in both chambers of the U.S. Congress. See here. These “conservative” majorities were gained from millions …
Jan 26
The U.S., once the global flagship of capitalism, now has the world’s highest corporate tax rates. The New York Times reported this week that Johnson Controls is renouncing its U.S. corporate citizenship by selling itself to Tyco International, based in Ireland. This is designed to reduce the company’s tax bill, which it said should drop …
Jan 22
There seems to be a religious hatred among government trusters against fossil-fuel suppliers. A loathing almost as irrational as the unshakeable, almost hypersexual, love of self-styled “conservatives” for men in government uniforms. Even as petroleum products have been made cheaper and cheaper by private sector innovators, the government of California is poised to forcibly take …
Jan 17
Since 9/11/2001, the U.S. government has diverted well over A TRILLION DOLLARS from the productivity of America into government programs supposedly aimed at protecting Americans from “terrorism.” (To put this in perspective, the total output of the country–public and private sectors combined–is around $16 trillion.) Yet terrorism is a miniscule threat. An American has about …
