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Generosity Isn’t a Virtue and Taxation Will Never be Moral

Last update December 21, 2017

Long ago Chief Justice John Marshall warned that taxes have the power to destroy. They can stifle growth, but taxes are even more destructive when we turn them into a moral imperative. The truth is that generosity isn’t a virtue from either side of the tax equation.

Filed Under: Economy

Government Retirement Benefits Paid for by Your 401(k)

Last update November 2, 2017

Update, November 2, 2017: we see the plan

Today we got our first real look at the GOP tax proposal. The rumors were wrong. Republicans made a wise decision and spared tax-free 401(k) contributions. Not so lucky were the state and local tax deductions.

Filed Under: Economy Tagged With: Republicans

Money Questions Tax Code Debate Will Never Answer

Last update October 27, 2017

There are two big money questions swirling around tax code reform. They are the same questions we’ve been asking for decades: who should get the money and why?

Don’t expect answers this year. Just sit back and enjoy the show because this promises to be a good one.

Filed Under: Economy Tagged With: Paul Ryan

RAISE Act Prosperity is Exactly What Obama Promised Us

Last update December 10, 2018

Talk about a bipartisan treasure that will never be. S.354, the RAISE Act is the kind of forward-thinking bill Barack Obama always promised us. Now the job falls to Donald Trump to bring immigrants to this country who will start businesses, create jobs, and jump start new prosperity.

Filed Under: Economy

New Deal for Democrats to Steal Sells Bitterness, Paranoia

Last update August 2, 2017

It’s a clever theft of the Republican “Better Way,” that hopeful conservative plan for getting us back on track that promised to swap out Obamacare for something better. That new deal is old business now. It will soon be a part of failed GOP history, replaced by a new urgency to fix the tax code.

Filed Under: Economy

Government Should Spend Less So It Can Give Away More?

Last update July 20, 2017

Heated disagreement over how Trump and company want to spend our money might be our own fault. Poll numbers show we are pretty fickle about what we expect from government. In a recent Pew Research poll 64% of respondents believe the GOP “is too willing to cut programs.”

Filed Under: Economy Tagged With: federal deficit, national debt

Tax Protests Prove It: We Are Too Dumb for Politics

Last update April 17, 2017

Angry thoughts went through my head as I signed my tax check to Illinois. We don’t have a budget. Legalizing marijuana is seriously being considered to bring in more revenue that will be an excuse to spend more. Every taxpaying 401(k) employee in the state owns a share of our enormous public pension debt.

Filed Under: Economy

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