Did you know? The bottom 40% of income earners in the US collectively pay negative 3.8% of our overall tax burden? The middle 20% of income earners in the US collectively pay only 4.4% of our overall tax burden? The top 40% of income earners in the US collectively pay 99.4% of our overall tax [...]
[Read More...]Archive for the ‘Politics’ Category
Why a cheap Yuan is great for you…
February 10th, 2009 by Brad Harbach waiting for comments...My favorite economist, Greg Mankiw, wrote a great article in Sunday’s New York Times discussing why it is actually good for Americans that China artificially deflates it’s currency and thus making it harder for American manufacturers to compete with Chinese manufacturers. This is a great read to counter all of the protectionist garbage coming out [...]
[Read More...]More Stimulus Info…
February 5th, 2009 by Brad Harbach 2 Comments »Yesterday the WSJ ran an article on the front page highlighting some of the “Shovel Ready” projects they are looking to get federal funding for. I’m sure some of the almost twenty-thousand projects submitted to the federal government are worthy of funding, but the ones listed off in this article are a complete joke. “$4.5 [...]
[Read More...]Is the Senate smart enough to reject this?
February 4th, 2009 by Will Crowthers 1 Comment »As the current stimulus bill has already made it through the house – it is now on to the Senate. I found a great opinion from Dr. Coburn, Senator from Oklahoma. Here are some of my favorite quotes that should get you thinking: “As a nation, we got into this mess by spending and investing [...]
[Read More...]Is Bank of America Wasting Their Bailout?
February 3rd, 2009 by Will Crowthers 2 Comments »First, read this article: “Bailed Out Bank of America Sponsors Super Bowl Fun Fest.” This article is taking it too far – do we really expect companies that are given money not to spend any money on advertising? Trying to compare this to AIG’s stint at the St. Regis in Monarch Beach, California is ludicrous. [...]
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