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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Attacking Capitalism

RomneyPrinciples have passed…progressive thought has penetrated everywhere. The attacks on capitalism launched by Republican candidates Newt Gingrich and Rick Santorum against Mitt Romney leaves one scratching their heads trying to figure out which candidate is worth our support. We need a candidate that supports American rugged individ...
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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