Business Don’t Pay Taxes, They Collect Them
Sunday, May 30th, 2010 Posted in Uncategorized | No Comments »From today's Washington Post: President Bush said yesterday that he is considering a fresh plan to cut tax rates for U.S. corporations to make them more competitive around the world, an initiative that could further inflame a battle with the ...
US: Only Country to Limit Its Own Energy Supplies
Saturday, May 29th, 2010 Posted in Uncategorized | No Comments »We have failed to increase our country's crude oil production. Domestic oil production has declined, to 1.9 billion in 2007 from 3.1 billion barrels in 1980, while imports increased to 3.7 billion barrels from 1.9 billion. We now importing about ...
The Economics of Tax Cuts
Friday, May 28th, 2010 Posted in Uncategorized | No Comments »Pete DuPont in today's WSJ: Tax rate reductions increase tax revenues. This truth has been proved at both state and federal levels, including by President Bush's 2003 tax cuts on income, capital gains and dividends. Those reductions have raised federal ...
More on the Subprime Bailout: Moral Hazard
Tuesday, May 25th, 2010 Posted in Uncategorized | No Comments »New York Sun: Wall Street critics are coming out in force against President Bush's proposal to prevent subprime mortgage lenders from foreclosing on some homes. Chief among the complaints is the notion of moral hazard — that borrowers who voluntarily ...
Barack Obama’s Tax Returns: He’s Not Tithing
Monday, May 24th, 2010 Posted in Uncategorized | No Comments »Summary of Barack Obama's Income Taxes, 2000 - 2006 According to Law Professor Paul Caron: What is surprising, given the recent controversy over Obama's membership in the Trinity United Church of Christ, is how little the Obamas apparently gave to ...
More Grammar Nit-picking: Who vs. That
Monday, May 24th, 2010 Posted in Uncategorized | No Comments »The grammar rule about the use of "who vs. that" seems pretty simple: Who refers to people. That refers to groups or things. Examples: 1. Hillary is the one who rescued the bird. 2. Bill is on the team that won first ...
Why the Stimulus Shouldn’t Stimulate You
Sunday, May 23rd, 2010 Posted in Uncategorized | No Comments »"What makes you think that this tax rebate will put anyone to work? The idea behind the stimulus deal is to give people tax cuts so they'll feel richer and spend more. But government can't make people richer on average; ...
Wal-Mart Puzzle: Why Is It Thriving?
Tuesday, May 18th, 2010 Posted in Uncategorized | No Comments »According to Daniel Gross at Slate.com, Wal-Mart's stock is at a 2-year high (see chart above) because:1. Wal-Mart sells necessities, not discretionary items. The overwhelming majority of its sales are not impulse buys. Even in a recession, most people don't ...
Citigroup Bailout Reflection
Monday, May 10th, 2010 Posted in Uncategorized | No Comments »Citigroup Bailout Reflection I check reflect from Citigroup Bailout. I found 9 in 10 that shown good news. I very strange for this effect. The world market until don't understand problem. USA no action plan or full plan and don't know about ...
Citigroup Bailout Reflection
Sunday, May 9th, 2010 Posted in Uncategorized | No Comments »Citigroup Bailout Reflection I check reflect from Citigroup Bailout. I found 9 in 10 that shown good news. I very strange for this effect. The world market until don't understand problem. USA no action plan or full plan and don't know about ...
