THE KELLY LETTER OR
Economist Arthur Laffer wrote on the opinion page of last Thursday’s Wall Street Journal that extending unemployment benefits will lead to more unemployment. These two sentences say it all: “Imagine what the unemployment rate would look like if unemployment benefits were universally $150,000 per year. My guess is we’d have a heck of a lot [...]
My new book due out next month shows how most Americans find their lifetime income divided into thirds that break down like this: 1/3 to taxes spent mostly in ways that do not benefit them, such as bank bailouts and bombs 1/3 spent on everything your taxes should provide, but don’t 1/3 left over, which [...]