Carlos Watson argues that the solution to our fiscal problems is to tax the living daylights out of the “rich” in the hopes of making up for a $5 trillion hole in our national finances. That solution will not work. For one, there aren’t enough “rich” people to make up for the current deficit. We [...]
As the media fixates on the death of Michael Jackson, Congress stands ready to enact the largest and most regressive tax hike in history in the guise of “cap-and-trade.” Jim Lindgren explains why this bill is so dangerous: The cap-and-trade bill, if passed by the Senate and actually implemented over the next few decades, would [...]
Tags: cap and trade, Congress, Democrats, Economics, environmentalism, Obama, taxes
Bill Maher flaunts his ignorance once again over the issue of the Tea Party protests. Like many who live in a comfortable cocoon of left-wing orthodoxy, Maher fails to understand that the reaction to the Obama Administration is about matters of substance. Maher rants: t’s been a week now, and I still don’t know what [...]
E.J. Dionne does what Democrats love to do, except when running for public office: call for a massive increase in American taxes. Again, he demonstrates the fundamental flaws in the Democratic understanding of basic economics: He’s right that a large share of any increase should hit those who enjoyed the biggest income gains over the [...]
Bloomberg has a deeply critical piece written by Kevin Hassett arguing that Obama has declared “war” on American business. This may seem like hyperbole, but the evidence bears it out: Imagine that some hypothetical enemy state spent years preparing a “Manchurian Candidate” to destroy the U.S. economy once elected. What policies might that leader pursue? [...]
The U.S. economy shed 598,000 jobs in January, the worst job loss since 1974. There is no doubt that the U.S. economy is in a state of crisis. Our government is only making it worse. It is more than mere coincidence that this huge job loss occurred in the same month that President Obama signed [...]
Tags: business, Congress, depression, economy, Obama, regulations, taxes
Minesota has the second-highest business property tax rate in the United States. In a time when the retail sector is already taking a pounding, this additional burden is forcing retailers to abandon the state. World Market, one of my favorite stores, is one of the retailers pulling out of the state entirely. I’m sure all [...]