I received yesterday a certified letter from the IRS informing me that I need to send money to the Treasury for the third time in three months. On the one hand, I’m fortunate to make enough money to need to pay so much so often. On the other hand, I have to wonder what I’m […]
Category Archives: US Economy
Abolish Somebody’s Taxes
Following up on yesterday’s article highlighting Arthur Laffer’s idea that an 18-month tax holiday would have cost less than the stimulus and achieved a 2.5% unemployment rate already, today we look at a similar idea: abolishing the corporate income tax forever. Bill Frezza wrote yesterday that the government should not distinguish between so-called “good” and […]
Tax Cuts, Not Unemployment Benefits, Would Stimulate The Economy — And Cost Less
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 […]
A Forlorn Future
My friend Michael works in the advertising business in New York, and he’s also an investor who reads The Kelly Letter and other money material. He’s traveled a lot, lived in Japan for a while, and is generally a worldly sort comfortable in a room filled with people of any type. He worked for famed […]
Nice Recovery, Guys
Can we finally take off our hats to everybody who said the market rise and economic recovery banter was just a crock of liquidity served up with your tax dollars? Take a look at this from Bloomberg yesterday: Purchases of US new homes fell in May to the lowest level on record after a tax […]
