All the news recently has been about raising the debt ceiling and about the national debt. But no one understands billions and trillions of dollars and politicians rely on the arcane nature of the whole discussion to obscure what is really going on. So I decided to reduce it all down to the level of a… Continue reading If the Debt Ceiling and National Debt Were Like a Personal Budget
Category: Taxes
The Myth about Corporate Taxes
Democrats generally favor tax increases. The last time a Democrat ran for president on a platform of cutting taxes, I was spending my days dressed up as Bat Masterson and struggling to learn long-division. So that you won’t question my mental health status, please understand that the year was 1960 and I was seven! Of course, raising taxes is never popular. So Democrats almost always resort to class envy to advance their cause.
Greed and Taxes
We have been hearing a lot about greed lately – especially from politicians running for office. A few months ago, the political types were demonizing greedy oil companies. The most recent scapegoat is the housing/mortgage market. The story line is that greedy individuals seeking ever more lavish homes succumbed to greedy predatory lenders and this has created a financial crisis. But why does no one ever accuse the government of being greedy when it continues to demand ever increasing revenues from a financially strapped populace?