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Catastrophe in 2013, Says Laffer

Written by Gary North on April 3, 2012

The Bush tax reductions will expire on January 1 unless Congress and the President extend them this year. Dr. Arthur Laffer predicts that American investors will move their income into this year. Next year, the economy will “fall off the cliff.” Laffer says. In 2006, Laffer moved from California to Tennessee to escape the California […]

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Obama’s National ID Card: Here It Comes

Written by Gary North on April 2, 2012

“Your papers, please.” As a kid, I heard radio shows where someone with a German accent would ask this. Now it’s coming to America. Only worse. There won’t be papers. There will be a plastic card backed up by a data base with your vital information in it. The Bush Administration rammed this through in […]

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How President Bush, Sr., Scuttled Obamacare

Written by Gary North on April 2, 2012

It looks as though Obamacare is going down. Five Supreme Court members will declare it unconstitutional. Anyway, that’s what the pundits think. Why will they do this? Justice Scalia’s broccoli argument. If the government can force us to buy health care, why can’t it force us to eat broccoli? I love this. It shows the […]

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Legal Tender Gold and Silver? This Will Get You a Prison Term.

Written by Gary North on March 29, 2012

Sometimes, Americans get the silly idea that the words “legal tender” on American coins mean legal tender. Then they try this stunt. They pay workers in silver coins at face value. This reduces the workers’ income tax bracket. The employer who tries this is risking a prison sentence. Variations of this story have been published […]

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Property Tax Revolt in North Dakota

Written by Gary North on March 27, 2012

The voters of North Dakota are considering the abolition of the property tax. If it does this, it will be the first state to do it. Supporters of the proposal gathered 28,000 signatures. Local government officials are upset. They see their #1 revenue source disappearing. North Dakota counties get 60% of their revenue from property […]

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Taxpayers’ Yacht — If You’ve Got Connections

Written by Gary North on March 23, 2012

Los Angeles has its own $1,000,000 yacht. It costs close to $300,000 a year to staff it. It needs about $700,000 in upgrades. The city’s bureaucrats in charge tried to avoid a reporter’s questions. It didn’t work. Yes, it’s a boondoggle. There are probably millions of them in America. But this one is photogenic. What […]

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Why Your IRA Is a Lobster Trap Set by Congress

Written by Gary North on March 21, 2012

You deserve a bedtime story.  Uncle Gary has a good one for you. Once upon a time, there were two United States Senators. One was a Democrat. The other was a Republican. They were very concerned.  The government’s deficit was up again this year. Of course, it was always up again, every year. But this […]

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