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Economic Inequality: Jesus vs. Rev. Jim Wallis

Written by Gary North on October 24, 2015


Economist Vilfredo Pareto announced a discovery in 1897: about 20% of the families in Italy owned 80% of the land. He went on to study the distribution of wealth in other Western European nations. The same distribution held true. Subsequent studies of national economies have revealed the same distribution, no matter what their politics are. […]

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How to Save a Dying City in Four Steps . . . Or Maybe Five

Written by Gary North on October 17, 2015


Detroit and Chicago are models of urban failure. The decline of both cities visibly began around 1960. That was when a decade of Democratic control merged with the federal government to turn these cities into welfare state disasters. This had begun in the New Deal. But it took a quarter century for the process to […]

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Bitcoins and the IRS: Walmart’s Problem

Written by Gary North on October 10, 2015


It’s time for me to revisit the story of bitcoins. As you may have noticed — or not have noticed — you don’t hear much about bitcoins these days. A bitcoin used to be worth about $1100. These days, it is worth $250. The price has settled into this range for most of the year. […]

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Top Income Tax Rates, All Nations

Written by Gary North on July 11, 2015


Have you ever wondered where the income tax havens are? Find out here. Have you ever wondered where the worst places are to live for high-income people? Find out here. The USA is at the high end, if you count state income taxes. But there are loopholes for the super-rich — lots and lots of […]

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Michigan Voters Smash Tax Hike Referendum

Posted on May 9, 2015


Proposal 1 suffered the worst defeat Tuesday of any Michigan ballot measure since the current Constitution was adopted more than a half-century ago, as 80 percent of voters rejected the sales tax increase and road funding plan. . . . This year’s thumping occurred even though the measure was backed by Gov. Rick Snyder as […]

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Christian Economics in One Lesson: Chapter 4

Written by Gary North on April 25, 2015


Public Works Mean Taxes For the lips of a strange woman drop as an honeycomb, and her mouth is smoother than oil: But her end is bitter as wormwood, sharp as a two-edged sword (Proverbs 5:3-4). The author of Proverbs in the first nine chapters contrasts the faithful wife with the strange woman. He uses […]

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Taxes: Bad News, Good News

Written by Gary North on April 25, 2015


Federal tax receipts are approaching 17.5% of GDP. Whenever the percentage gets this high, a recession follows. That’s the bad news. What’s the good news? The percentage rarely gets above this, and when it does, there is a recession. Receipts fall. This means that the federal government cannot get above 20%. It can borrow to […]

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