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Taxing The Rich And Other Follies

Even though I have said this before apparently no one was listening so I have to say it again* because every time a new tax reform bill is proposed, the same clichés are trotted out and most of them are wrong. The purveyors of these clichés know they are wrong but they don’t care because they are trying to manipulate you to their ends. And, people fall for them.

Here is what the polls say about what Americans think about taxes (Gallup, Pew Research): (more…)

Eating Our Young

Nothing really matters
Anyone can see
Nothing really matters, nothing really matters to me.
Queen, “Bohemian Rhapsody”

Our presidential candidates promise things they can’t possibly deliver. They propose programs that cannot be funded without massive deficit spending. They talk as if cost doesn’t matter. Their funding projections are wildly optimistic if not fanciful and impossible to achieve.

When I discuss the national debt with people I usually get a ho-hum—especially with anyone under 50. They think it doesn’t really matter, that it doesn’t affect them. They are in for a shock. (more…)