Shrink the State. End the Fed. Balance the budget. Make a profit. Leave an inheritance.
Gary North
Written by Gary North on May 6, 2013
According to a 2013 poll, 87% of Americans say that it’s wrong to cheat on income taxes. They say that integrity is involved. Most of these people live in states that have sales taxes. All of these states require anyone in-state who buys an item on the Internet, from a firm not located physically in […]
Continue reading →Written by Gary North on April 30, 2013
President Obama prefers golfing and vacationing to spending time in economics meetings. I regard this as good news for the nation. If the President wants to get his golf score down and his bowling score up, I say more power to him. If we could get Congress out on the links instead of in hearings […]
Continue reading →Written by Gary North on April 26, 2013
It’s almost here: a new sales tax on Internet purchases. The Senate will vote in 11 days. The preliminary vote was 63 to 30. Then it will go to the House. If the House passes it, Obama will sign it into law. You and I will start paying sales taxes on orders from companies that […]
Continue reading →Written by Gary North on April 23, 2013
The Senate Democrats are about to consider voting on a sales tax imposed on Internet purchases. The bill was released for the Senators to read only on April 21, Sunday. Harry Reid — Sen. Don’t Read — has it on a fast track. The bill is S. 743, the Marketplace Fairness Act. In this case, […]
Continue reading →Written by Gary North on April 19, 2013
Gary North’s Reality Check Recently, I wrote an article in which I argued that there are three political foundations of modern warfare: high graduated tax rates, a central bank, and the abolition of the gold coin standard. I called it “The Triumvirate of Modern Warfare.” From the day that Ron Paul was sworn in as […]
Continue reading →Written by Gary North on April 17, 2013
Means-testing is a system that penalizes richer people’s access to federal welfare. The Social Security System is an aspect of the welfare state. So, it is subject to means-testing. Most Americans do not know that there is a means-testing provision for Social Security. It is hidden, but it is real. This is made clear by […]
Continue reading →Written by Gary North on April 15, 2013
Three factors have made possible the modern world’s wars: graduated taxation, the central bank, and the abolition of the gold coin standard. The relationship between central banking and war has been known for at least 400 years. The ability of the Dutch Republic to wage what was in effect a revolutionary war against the Spanish […]
Continue reading →Written by Gary North on April 15, 2013
A century ago, Americans paid this. Note: $20,000 in 1913 would be $469,000 today; $500,000 would be $11,726,000 today.
Continue reading →Written by Gary North on March 27, 2013
I am writing a detailed critique of one of Jim Wallis’s fans. She is a professor of law. She wants the rich to pay for the welfare state. She thinks 70% of their income is about right. She calls herself a moderate. I am serious. She really thinks 70% is reasonable. But so did Kennedy. […]
Continue reading →Written by Gary North on March 12, 2013
They can move to Puerto Rico. That’s all there is to it? Yes. Puerto Rico has been a great tax haven for Americans for decades. I had a Puerto Rican official speak at one of my conferences 25 years ago on this. Any firm that employed up to five Puerto Ricans could avoid federal income […]
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