Shrink the State. End the Fed. Balance the budget. Make a profit. Leave an inheritance.
Gary North
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 […]
Continue reading →Written by Gary North on March 4, 2013
Kansas has cut its state income tax to 4.9% at the top and 3% at the bottom. The top rate had been 6.45%. The governor, Sam Brownback, is now pushing for another cut at the top to 3.9%. His long-term target is 0%. The state’s constitution prohibits a deficit in the budget. So, he has […]
Continue reading →Written by Gary North on March 1, 2013
Federal bureaucrats blame the politicians for not taxing the rest of us. We owe it to them, they say, and it’s just not fair that we want to hold the deficit down to a trillion dollars a year. We can do better than that. The gravy train is running slightly thinner for a month. But […]
Continue reading →Written by Gary North on February 15, 2013
Gary North’s Reality Check “It is said that if you know your enemies and know yourself, you will not be imperiled in a hundred battles; if you do not know your enemies but do know yourself, you will win one and lose one; if you do not know your enemies nor yourself, you will be […]
Continue reading →Written by Gary North on February 13, 2013
“Somewhere over the rainbow, way up high There’s a land that I’ve heard of once in a lullaby.” The tax increases and the deficit spending you propose will hurt middle class families. It will cost them their raises. It will cost them their benefits. It may even cost some of them their jobs. And it […]
Continue reading →Written by Gary North on February 11, 2013
Someone thought he had a really good deal in 2006. It was listed for sale in 2006 in San Francisco in for a mere $58,000,000. A steal! A once-in-a-lifetime opportunity. “Don’t rent. Own.” It just sold for a little under $29 million. Easy come. Easy go. But there is the matter of property taxes. The […]
Continue reading →Written by Gary North on February 7, 2013
Sales taxes are flat taxes. Liberals prefer income taxes. Income taxes let tax collectors impose higher percentages on rich people. Voters like rich people to pay more. They themselves do not want to pay more. “Stick it to the fat cats” has been the voters’ cry ever since 1913, when the government announced — without […]
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