Thoughts on Fair Taxation
Posted by admin / Under Economy Of Omaha, Nebraska
President Obama is now campaigning all of the country in the name of “fairness” especially how it relates to the US Tax Code. According to President Obama, “fair” means a progressive tax (where as one makes more money, they pay a higher percentage in taxes). What he’s trying to do through his “fairness” campaign is make the progressive tax more progressive by increasing tax rates on those that have higher incomes. According to the Obama administration, it is more “fair,” to raise taxes on the rich. I’m here to tell you that this isn’t true. Of course all of that...
Published on Tuesday 7th of February 2012 05:34:34 AM
Mitt Romney's Defining Moment | Indexing the Minimum Wage
Posted by admin / Under Economy Of Omaha, Nebraska
Is Mitt Romney a Liberal?By: Larry Walker, Jr.As Economist Thomas Sowell relays, in his piece entitled, A Defining Moment, "Mitt Romney has come out in support of indexing the minimum wage law, to have it rise automatically to keep pace with inflation."But according to Dr. Sowell,"We have gotten so used to seeing unemployment rates of 30 or 40 percent for black teenage males that it might come as a shock to many people to learn that the unemployment rate for sixteen- and seventeen-year-old black males was just under 10 percent back in 1948. Moreover, it was slightly lower than the...
Published on Tuesday 7th of February 2012 05:34:34 AM
Paul Krugman Makes The Bull Case For The Economy In One Simple Paragraph
Posted by admin / Under Economy Of Omaha, Nebraska
Paul Krugman Makes The Bull Case For The Economy In One Simple Paragraph Joe Weisenthal Febuary 6, 2012 Paul Krugman has a new column up with the dreary title: Things Are Not OK. The gist is simple enough: Despite the good employment report, things are still pretty horrible (in that we're very far from full employment) and yet because of the way politics are these days, there's a good chance that the good news will cause people to jump too fast towards austerity and monetary tightening. All that being said, this paragraph presents what is probably the clearest bull argument...
Published on Tuesday 7th of February 2012 05:34:34 AM
Did Bernanke See His Shadow?
Posted by admin / Under Economy Of Omaha, Nebraska
While many Americans celebrated Groundhog Day [last Thurs]day, lawmakers in Washington were participating in a more regular tradition: debating the state of the economy. Federal Reserve Chairman Ben Bernanke took the stand before the House Budget Committee to defend the central bank’s recent policy decisions, a performance that mirrored the pomp and circumstance of the activities in Punxsutawney. Bernanke’s repetition of poor policy prescriptions was a fitting way to celebrate the national holiday. Once again, he insisted that interest rates will remain low without affecting inflation, and that government spending will increase job growth. In fact, Bernanke warned lawmakers ahead...
Published on Tuesday 7th of February 2012 05:34:34 AM
Signs Point To More Strong Jobs Growth: Expert [The Numbers Are "Pretty Close To Great"?]
Posted by admin / Under Economy Of Omaha, Nebraska
Signs Point To More Strong Jobs Growth: Expert (CBS News) There are indications the economy is getting stronger. The Labor Department said Friday 243,000 jobs were added last month, the largest gain since April of last year, and the unemployment rate fel to 8.3 percent, the lowest in three-years. The numbers, says Charles Schwab Chief Investment Strategist Liz Ann Sonders, are "pretty close to great. What was unique about this month relative to past months is there was not much you could follow (with the word 'but'). The sport has been the skeptics diving into each month's number and finding...
Published on Tuesday 7th of February 2012 05:34:34 AM
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