Robert Williams's Blog – August 2011 Archive (3)

As our unemployment rate hangs above 9% nationwide the loud cry for more jobs becomes more and more urgent, even angry—and legitimately so. The angry impatience of the unemployed and underemployed demands a practical response from government and industry; human compassion drives the rest of us to work for drastic improvement in the employment picture.

As Tom Braithwaite wrote... [READ FULL…

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The challenge of U.S. dollars being held in offshore bank accounts in an effort to avoid paying taxes on capital gains and interest has grown significantly in the past few years. Some estimates say that money is as much as $15 trillion (based on past data plus annual growth estimates) and is growing by an estimated $860 billion per year[2], resulting in billions of dollars in lost tax revenue every year. [… Continue

The last few weeks have seen an unprecedented furor over fears that the United States would default on its obligations due to a failure to raise our $14.3 trillion limit.  As inconceivably high as that number is, the United States government considers it necessary to spend even more.

And while both sides fight over who will give on this point or that, the simple fact is that, if Congress were to pass the FairTax, not only would the whole Washington circus be unnecessary, we’d end up…

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