On the way to work this morning it occurred to me that there are only three types of relationships between men and their Government… Every man answers to one man Every man answers to himself Every man answers to every… Read More ›
taxes
The Washington Monument Syndrome – The New Swine Flu
Animal Farm: A Modern Parody The swine that politicians are, has led to a resurgence of an infectious disease they carry and unleash on the public from time to time. Known as the”Washington Monument Syndrome,” it has cycles, like many… Read More ›
FDIC – Time To Pay Your Neighbors Mortgage
Another example today of moral hazard as the FDIC announces plans to test principal reductions. A principal reduction is when the bank allows a foreclosed homeowner to have their total home loan value reduced, also known as a “cram-down” or “principal… Read More ›
School Fires All Of Its Teachers While Union Seeks Legal Action
From the Associated Press: “A Rhode Island school district has voted to fire all the teachers at an underperforming school. The Central Falls School Committee voted Tuesday evening to fire every educator at Central Falls High School at the end… Read More ›
Uncertainty, The Storm That Never Ends
Nothing makes a recession last longer than market uncertainty. Contrary to what the government would have you believe, the “market” is fairly predictable. There are thousands of leading and lagging indicators that move in certain directions of varying amounts and can… Read More ›
The hot sandwich tax, and is it possible to buy a tax-free coffee?
A recent comment on this post (can be found below) that pointed out an error in one of my calculations as to what was taxable and what was not has led to this new post as their comment was correct…. Read More ›
The Tea Party Movement-What is it?
The Tea Party movement is made of Democrats, Republicans, Libertarians and Independents. There is no central authority or leader, only a loose network of organizations all over the country that agree on a few simple concepts. The Tea Party takes… Read More ›
The Job’s Bill-Government Magic Tricks
I remember learning how magicians use sleight-of-hand to keep the audience focused on one hand, while they use their other hand to perform the trick. This intentional distraction works well in magic and works wonders in politics. The recent Jobs… Read More ›
Government Calligraphers Protected From Recession
Some of the best comedies are based on characters who have become completely detached from reality. The more detached they are, the funnier it is. Farmers that have never been to the city and don’t know how to use a flush toilet, or a city… Read More ›
Banks Get to Pay for Government Expansion
The healthcare reform bill may be dead but there is still a need to understand why government expansionism is bad for business and for taxpayers. The elephant in the room on the healthcare plan was how the heck was the government going to pay… Read More ›
Uncertainty, The Storm That Never Ends
Nothing makes a recession last longer than market uncertainty. Contrary to what the government would have you believe, the “market” is fairly predictable. There are thousands of leading and lagging indicators that move in certain directions of varying amounts and can… Read More ›
Healthcare Reform: The Dirty Trick
The current healthcare reform bill uses a dirty trick to “lower costs” that many don’t know about… The benefits of the healthcare reform must not begin until after the next presidential election in 2013. The new taxes on American citizens and insurers… Read More ›
Government Claims: “Everyone gets a raise!” if Healthcare Reform Passes
So besides the “sun tan” tax I mentioned in a post here, how is the government going to pay for healthcare reform? From the same people who want to fine you for underinflated tires and ban black cars to save the environment… Read More ›
Triple Whammy: Foreclosures Rise, Retail Sales Fall, Unemployment Claims Rise
CNBC reports, “Foreclosures jumped 14 percent in December 2009 from the previous month, according to a new report from foreclosure listing Web site RealtyTrac.com. The increase came despite foreclosure suspensions during the holiday season from Citigroup, Bank of America and Fannie… Read More ›
Negative Savings Rate Reaches Great Depression Level
“Government deficits have caused the U.S. savings rate to turn negative for the first time since the Great Depression…” ~Bloomberg This is a good example of why government stimulus sounds good on paper, but does little to help the economy…… Read More ›
Senators Sellout for Yea Vote on Healthcare Reform
United States Constitution: Article IV-Section II, “…the citizens of each state shall be entitled to all privileges and immunities of citizens in the several states.” This means the federal government cannot treat some states differently than others. For example,when the… Read More ›
CA Ballot Measure to Raise Income Tax 17.5%
I don’t believe there is any section of the Constitution that says governments should use taxpayer money to buy up shares of corporations so the government can control them. Do you ever remember reading anything like that in school? So why… Read More ›
People Sign Petition to Bankrupt U.S. Economy-I’m Not Kidding
In the following video, Mark Dice asks random people on the street to sign a petition to increase our current inflation rate of about 4% to 100%, and to increase it an additional 100% over the next five years. This… Read More ›
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