February 25, 2018

Should the rich pay more taxes (than they already do)?

If where the “fair share” line is up to private opinion, what does it say about President Obama’s opinion that, when the economy is struggling and unemployment is high, he wants to take wealth out of our country to balance the debt? Wouldn’t it be better to grow the economy and lower the cost of government? Why would we soak the rich–most of them owners of businesses and investors in businesses–at the very time capital is most needed to grow business and expand? [cont…]

Losing sight of the forest for the trees

The state of the debate, says the Economist, is poor, though. On the right, taxes can never balance the deficit (even though the Economist cites Milton Friedman just a sentence before) and expansive spending is justified for prisons, national security, and big business subsidies. On the left, reform is impossible, with Obama methodically “unpicking welfare reform” passed over the last twenty years, including under President Clinton’s administration. Further, “Mr Obama seems to think the public sector is inherently more moral than the private one. Companies are at best cows to be milked, at worst prey to be hunted.” [cont…]

Tea Party bait in the NYT: “You are white, Republican, and racist. Oh, and theocratic, too.”

I’ll admit it: just the fact that the story is coming  from the New York Times gives me pause. But there it is: “Crashing the Tea Party,” by David E. Campbell and Robert D. Putnam, a couple of professors who think they have profiled Tea Party members based on some wide ranging research. The results are provocative and, […]

Is the recession over, or are there more bubbles?

Image via Wikipedia I’m reading “Aftershock: Protect Yourself and Profit in the Next Global Financial Meltdown” by Wiedemer, Wiedemer, and Spitzer. They claim to have seen the current recession coming before it happened, the result of the popping of various bubbles in our economy, including in the housing and credit markets. Interestingly, and perhaps most […]