Tag: Budget and Tax Policy

It’s Official: The Top 40% of Income Earners Pay More Than 100% of Federal Income Taxes »

The Congressional Budget Office has just published a study, The Distribution of Household Income and Federal Taxes, 2010, which shows that the top 40% of income earners paid 106.2% of total federal income taxes, while the bottom 40% paid -9.1%. This isn’t the study’s headline, so you have to dig a bit to get...
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Why Is David Cutler Shilling for the Administration? »

This was in a Cutler editorial in the Washington Post last Friday: In 2007, Obama asserted that his health-care reform plan would save $2,500 per family relative to the trends at the time. The criticism was harsh; I know because I helped the then-senator make this forecast. Yet events have shown him to be...
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Pelosi Caught on Obamacare Lies »

On the November 17th edition of “Meet the Press,” NBC’s David Gregory admirably confronts Nancy Pelosi, having been a key architect and political organizer for Obamacare as House Majority Leader, regarding her June 10, 2009, MSNBC TV-interview statement that, “What we are talking about is affordable, quality, accessible healthcare for all Americans. It’s about...
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Just Say No to Jobs for the Young and Unskilled »

As pictured here, Governor Jerry Brown has signed new minimum wage legislation that ups the minimum productivity to be employed in California to $9 per hour starting next year, and $10 per hour in 2016. Supervisors will also have to increase their productivity if they want to stay employed. The San Francisco Chronicle offers...
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New Videos Slam Obamacare’s Lies »

First, we have singers Brad Paisley and Carrie Underwood mocking Obamacare at the Country Music Awards. As reported by Aaron Blake in the Washington Post, “Hey do you have that Obamacare?” Underwood asks when Paisley says he needs to see a doctor. “Oh, it’s great. I started signing up last Thursday, and I’m almost...
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Markets versus Government: Real Alternatives versus Possibilities »

One difference between choice in markets versus choice in government is that in markets, people choose among alternatives that already exist, whereas with government, people choose among alternatives that might exist in the future. When people cast their dollar votes, sellers in markets already have the products available, whereas when they vote at the...
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“Creepy Uncle Sam” Is Back Just in Time for Halloween! »

Following up on the earlier videos that went viral regarding the looming threat of Obamacare, here is the newest one involving “Creepy Uncle Sam,” “Halloween Horror 2013 – Get The Door, Chad”: For the pivotal alternative to Obamacare, please see the Independent Institute’s widely acclaimed book: Priceless: Curing the Healthcare Crisis, by John C....
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Jon Stewart Savages Obamacare’s Healthcare.gov Website »

The utter disaster of the Obamacare website, Healthcare.gov, is attacked here by Jon Stewart of The Daily Show on Comedy Central. The further significance of Stewart’s critique is that according to the Pew Research Center, Stewart is the #2 leading source of news and analysis for 39% of young adults, ages 18-29 (The Colbert...
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Government Spending and Regime Uncertainty—a Clarification »

In view of my sixteen-year campaign to bring about an understanding of the idea of “regime uncertainty,” one might think that I would be gratified by the growing recognition of the importance of the closely related (but narrower) idea of “policy uncertainty” in relation to the unusually slow recovery from the bust of 2007-2009....
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The Defaults of 1933, 1862, ... and 2013? »

Pundits tell us that the US government has “never” defaulted on its debts. However, this generalization overlooks the very significant defaults of 1933 and 1862. Prior to 1933, US Treasury bonds were promises to pay gold at $20.67/oz. Yet one of the first acts of the Franklin D. Roosevelt administration was to revoke this...
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