All Blog Posts Tagged 'Economy' (7)

In an earlier post on the debt ceiling, I asked if you could recall where you were when a “sentinel event” such as the bombing of Perl Harbor, assassination of JFK or the terrorist attacks of 9-11 occurred.  These incidents had a profound effect on life in America, for both our national psyche and for each of us personally.



On August 2, 2011, without any significant cuts in the level of federal spending, the Senate voted by a wide margin in favor of a bill already passed by the…

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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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EXPANDING THE TAX BASE AND INCREASING REVENUE UNDER THE FAIR TAX

It’s been said by those “in the know” (both Democrats and Republicans) that “the United States doesn’t need more taxes – it needs more taxPAYERS”. Here are several sources for more taxpayers: Read the Full article by…

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FairTax~ the concept of embedded taxes is very important to understanding the fairtax. This is where we lose lots of people, so let's see if a simple explanation can win them back.



It's very simple if a toaster costs $100 before the fairtax it will costs $100 after the fairtax is implemented. Currently their is a 22% embedded fed tax on everything you purchase. Consisting of taxes on materials, tax burden of employees that make the products and Corporate taxes paid out by the… Continue

FairTax is a revolutionary change in the relationship between government and its citizenry! Currently American citizens are represented by congress, but not before our amazing elected representatives take care of the K-Street lobbyists.



Lobbyists exists for one reason, to represent their companies or individual concerns and try and take advantage of available tax loopholes. In all honesty, who can blame companies for sending lobbyists to DC to try and protect as much of their capital… Continue

How easy is it to fix this economy? I would suggest that it's simple but the answer is not a freindly one in the eyes of the entrenched beaurocrats.



1st step, eliminate all Corp taxes. Understand businesses don't pay taxes, they are merely collectors for the state. A tax levied on a business will show up as a tax to the consumer in the form of higher priced goods. Elimination of these taxes would drive down the real costs of all purchased goods and services.



Eliminate all… Continue

I keep hearing that housing got us into this mess. This is simply not true. Housing is a big part of the problem but loss of our industrial/manufacturing base is the real core of our economic woes.



Think about it. Why did the government create the housing bubble? Because we can’t import houses from Asia and drop them onto lots here in the U.S. We cannot say the same for manufacturing which has, in fact, moved largely away from our lands. Why? Because we have an unfriendly business… Continue