Income vs. Consumption Taxation

IRSThe Sledge Hammer or the Scalpel Since 1913 Americans have had a love-hate relationship with the income tax.  As federal spending has grown from 2.5% of GDP in 1913, to 10% of GDP during the New Deal era, to 19% (average spending) of GDP during post WWII era and finally to 23% (average spending) of GDP during the age of Obama, the Income...
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Oil, Gas Prices and Open Markets – Consumption Taxation with a twist

GasPricesToday, the American people find themselves once again victims of rocketing gas prices. We are victims not because our demand is out of control…it is actually down; not because there is a shortage…as a result of a record warm winter domestic supplies are ample. It is not because the exports are up; they are actually sig...
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Can Cain Survive?

Herman Cain has been smeared this week. Assuming that Mr. Cain does not turn out to be a cross between Ted Bundy and Jack the Ripper, the question will be, does our process have room for the citizen statesman? Early in our country’s history, when the government was efficient and effective, we were governed by citizen statesmen. There was no such thing as professional politicians. Our representatives were our neighbors. They would serve for a few years and went home. They did not need special int...
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Let’s Grow

Everyone agrees that the economy needs to grow…but how? The President, much to his credit, has applied Keynesian economics to the Nth degree. Unfortunately, it is proven to be a flawed philosophy. Even with the government making up more than 40% of the economy, we cannot spend ourselves into prosperity. The only progressive solution to date…spend more. Eight hundred billion was not enough; we need to spend 400 billion more. Surely it will work this time. More

Are we ALL stupid?

Listening to the political discourse there is one and only one solution to the nation’s woes. The solution (the only acceptable main stream solution) is based on a century long progressive movement…Government. Any other solution is pure folly. Can we fund the government other than through productivity (income tax) taxation? What about a consumption tax (Fair Tax or equivalent)? What fool would suggest this? Palin? Perry? Cain? All fools! More