A Morning Read
A Morning Read. I watched a newscast interview last night. The guy being interviewed owns a small business. He makes over $250K annually. The report didn’t say how much over $250K the guy makes, but regardless, he makes a decent income from his small business. Asked if the tax increase proposed by President Obama...
Paying Attention In Kindergarten
Okay, I confess. I’m a Redistributionist. (I know, so was Robin Hood.) The fundamental difference between me and Mr. Hood, (never mind the green tights and the arrows), is that Robin was a Post-Tax-Redistributionist. I however — and by notable contrast — am a Tax-Based-Redistributionist. Big difference. Most of us learned about redistributionism while we...
Double, Double Toil And Trouble
I want to highlight something from this recent New York Times article: “Thirty years ago, when Forbes published its first Forbes 400, a net worth of $75 million would get you on the list. Today it takes $1.1 billion. In the last year alone, the cumulative net worth of the wealthiest 400 people, by Forbes’s...
Mitt & His Gosh Darned Taxes
Mitt Is Overpaying His Taxes – For Now, by Josh Barro. “Today, the Romney campaign released a summary of Mitt Romney’s tax returns since 1990 and his 2011 tax return. The most striking part of the announcement is that Romney chose to forego $1.75 million in charitable deductions available to him in 2011 in...
Take the Fork in the Road
For those of you with a philosophical turn, I’m passing along an interesting read about two veils: Opulence and Ignorance. One could substitute veils with a fork in the road, I suppose; the point being, having to choose between two, different but unknowable outcomes. Imagine . . . Road #1: A mighty wizard whisks...
Living in Interesting Times
There’s an old Chinese curse: May you live in interesting times. I mention this because of our old pal, Willard. He, for the very first time since announcing he wants to be CEO … President of the United States, has finally, at long last, made our times quite interesting by making a substantive statement....
