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Tag Archives: taxes

Here’s how much aid the US wants to send foreign countries in 2015, and why

I was recently talking with a friend who happens to be Jewish about aid to Israel. We were discussing Rand Paul and the dance he has to do with the official American Jewish political community on the issue of aid to Israel. Many in the pro-Israel crowd are vehemently against US aid to Israel being cut. They fear that Rand Paul would be open to the idea. For many American Jews this is a huge issue.

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Ron Paul: Not just a moment–we’re in the middle of a “libertarian transition”

The one and only time I met Ron Paul was in his office in DC in 2007. I had long admired him and I had come to pitch Dr. Paul on becoming a client of mine. I was a fledgling stock broker and I thought I might be able to interest him in some gold stocks.

What’s funny is that as soon as I walked through the door of his office and he and I sat down I forgot all about doing business and we just talked politics and strategy for about 20-25 minutes.

I left his office with a deepened respect for the man. Something which rarely happens (I now know) after meeting a politician in person.

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Japan Economy Shrinks the Most Since 2011 Quake Due to Tax Increase

Abeconomics is a Hail Mary throw if there ever was one. Though many will argue otherwise there is a limit to “money printing.” Are we reaching the point where the system just starts eating itself in Japan? Very possible. If an increase in the sales tax meant to help pay for the gigantic Japanese debt does this to the Japanese economy they face a bit of a problem to say the least.  Raise taxes, reduce revenue. Looks like Tokyo is way over the Laffer Curve. (And it appears to have done it with a sales tax, not even an income tax increase.) But even getting below the curve by reducing taxes is unlikely to help much because the debt black hole must be financed somehow.

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Washington DC has been throwing a party with your money. Suck it up America. What are you going to do about it?

I don’t agree with everything John Tamny writes but boy does he hit the target in this piece.

For as long as there have been “leaders” they have lived off of the wealth created by their subjects, or in some cases – citizens. But people forget (or simply don’t know) how well the political class lives and how little regard is given by those who owe their livelihoods to taxpayers to the taxpayers.

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