A friend sent me a link to an article which accentuates many good points about our economy and improvements in lifestyle over the past 25 years… things you seldom hear in the news. Why not? Does the mainstream mass media have an agenda? Do they just not see the good news? Are they trying to […]
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I’m convince a large portion of the U.S. population has no grasp of basic economics, don’t bother to think through the cause and effect of attempts to control prices, and believe the lies they hear from their so-called leaders without questioning the motivations of those political animals.
We have just learned that unemployment jumped dramatically… from […]
Read the rest of Economic Idiots
There was a time in our history when labor unions served a good purpose: protecting workers from employer abuse and substandard wages. There are plenty of well-documented examples of big industry taking advantage of employees… which led to the huge body of employment law that exists today. While isolated cases of employee […]
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Con men often scam their victims using a method that has come to be known as a Ponzi scheme, which works like this:
Initial victims are promised future rewards, usually a high interest rate, for money invested now.
The con man keeps that money.
The con man finds another victim, pays some of that new-found money to the […]
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Extending on the discussion of Who Pays The MOST Tax, we should also examine who makes the most income. We used data from the IRS to summarize and present information in a (hopefully) more understandable manner… especially given that so many misconceptions are held not only by people all over the world, but also by […]
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Not so long ago, we examined the taxes included in the cost of gasoline and used California as an example.
With the rapidly rising cost of oil, it reminded me that this has resulted in even higher taxes! There are federal excise and other such taxes that are based on a gallon of gas… so […]
Read the rest of Higher Oil Prices Mean Higher Taxes
In a previous discussion, we talked about WHO pays the most taxes… actually, it was about who pays taxes… but, in the group of tax payers:
According to 2005 IRS statistics, of all taxpayers, who pays the MOST?
A. Those with an adjusted gross income of $30,881
B. Those with an adjusted gross income of $62,068
C. […]
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I have suggested our country needs a special energy initiative, much like the space program, to focus on a national effort to become both more energy efficient and energy independent. An intensive research and development program is exactly the type of thing our government should be doing to help protect our long-term interests… especially given […]
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Many people argue about how strong or weak the U.S. economy is… and how we rank relative to other countries. While many factors might be considered, IMD Business School of Lausanne, Switzerland, does an annual assessment of 55 countries and uses these criteria in the following categories:
Economic performance
Government efficiency
Business efficiency
Infrastructure
Their comprehensive annual report […]
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Let’s assume you have some money you want to contribute to a good cause. Excellent, being charitable is a good characteristic, a sign of a person who is concerned about the well-being of others and has the wherewithal to do something about it.
Who should decide how that money gets spent?
Should it be the government? Or […]
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Helping others isn't easy, though. YOU have to know what you're teaching. So, let's get started! Take this quick
The challenge in this great republic is to ensure that our representatives (and those in the government bureaucracy who report to them) respect the majority... and for the majority to respect the minority... and for all to respect the law.
