April 18th, 2009 by drs
#teaparty
Here’s a great video from reason.tv that presents some amazing facts in just a couple of minutes.
Tax facts to make your head explode!
Is it patriotic to pay taxes? And if so, who the most patriotest Americans? Who are the least? How many words are in the tax code? How much do patriotic Americans pay to prepare their taxes? How long do you have to work in a year to earn enough to pay your taxes?
The answers to these and other questions add up to one big W-2 WTF.
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February 22nd, 2009 by drs
The Community Reinvestment Act has been a topic of discussion as a cause for the sub-prime mortgage crisis and the subsequent financial problems of recent history.
Howard Husock’s article The Trillion-Dollar Bank Shakedown That Bodes Ill for Cities published in the City Journal‘s Winter 2000 issue explains CRA’s history and the politics behind it.
The Clinton administration has turned the Community Reinvestment Act, a once-obscure and lightly enforced banking regulation law, into one of the most powerful mandates shaping American cities—and, as Senate Banking Committee chairman Phil Gramm memorably put it, a vast extortion scheme against the nation’s banks. Under its provisions, U.S. banks have committed nearly $1 trillion for inner-city and low-income mortgages and real estate development projects, most of it funneled through a nationwide network of left-wing community groups, (more…)
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February 10th, 2009 by drs
What is the Laffer Curve? I’m sure you’ve probably heard it mentioned in the news. The following video the the Center for Freedom and Prosperity does a great job explaining the Laffer Curve.
The Laffer Curve charts a relationship between tax rates and tax revenue. While the theory behind the Laffer Curve is widely accepted, the concept has become very controversial because politicians on both sides of the debate exaggerate. This video shows the middle ground between those who claim “all tax cuts pay for themselves” and those who claim tax policy has no impact on economic performance. This video, focusing on the theory of the Laffer Curve, is Part I of a three-part series. Part II reviews evidence of Laffer-Curve responses. Part III discusses how the revenue-estimating process in Washington can be improved. For more information please visit the Center for Freedom and Prosperity’s web site: www.freedomandprosperity.org.
For more information: www.freedomandprosperity.org
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November 6th, 2008 by drs
John Stossel make a great point in his column Who Will Run America?
Some of you think you went to the polls yesterday to pick someone to run America.
“Who do you want to have run this country?” Chris Matthews asked repeatedly on MSNBC.
“One of these guys is going to be running the country,” said Michael Goodwin of the New York Daily News.
Really? Run the country?
“That has to be a joke — or a misunderstanding,” said George Mason University economist Walter Williams on my recent TV special, “John Stossel’s Politically Incorrect Guide to Politics”.
Williams pointed out that the White House doesn’t govern what happens in your house. And a president certainly cannot control the economy. We, all of us, run the country.
“Politicians have immense power to do harm to the economy. But they have very little power to do good,” Williams says.
The failure to understand this is at the root of many of our problems.
If Williams is right, a lot of Obama‘s supporters are going to be very disappointed when their expectations don’t come true.
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November 6th, 2008 by drs
I’m sure many people have not heard this. The socialization of medicine has been a great concern for decades. I became aware of government and politics listening to my parents ( a MD and a nurse) discuss this topic in the early sixties.
(From the 1961 Operation Coffee Cup Campaign against Socialized Medicine as proposed by the Democrats, then a private citizen Ronald Reagan Speaks out against socialized medicine. There is no video because this was an LP sent out by the American Medical Association)
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Tags: federal government, marginal tax rates, Politics, reason.tv, tax cuts, tax policies, tax rate, tax rates, taxes, Tea Party
