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Sure He Has To Travel, But Should Obama’s Flights Cost This Much?

Posted on March 27, 2014

President Barack Obama has spent more time traveling abroad than other U.S. president in history at this point in their presidencies, according to a forthcoming study from the National Taxpayer Union Foundation (NTUF) provided exclusively to Breitbart News ahead of its public release. “The most internationally well-traveled President, through five years, is also flying the […]

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This Map Ranks The States From Best To Worst On Tax Rates

Posted on March 22, 2014

Hate paying taxes? Then consider a home on the range, and keep as far away from New York as possible. The tax burden the average American pays varies tremendously, and depends a lot on where you live, according to a study by financial social media company WalletHub. The study ranked all 50 states and the […]

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Tea Party Stealth Campaign Sinks School Tax Vote, 2 to 1

Written by Gary North on March 20, 2014

It happened this week: a local school district thought it would get voters to approve of a one-cent sales tax increase to finance the public schools. The good old boys did not know that a few local citizens had hired the Tea Party’s most successful anti-tax, anti-bond issue local organizer to come to town and […]

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Conservatives, Rejoice! Robert Welch’s Predictions Were Dead Wrong in 1974

Written by Gary North on February 24, 2014

Are things getting better? Are things getting worse? This question still divides the American Right. On the moral front, things are getting worse. On the economic front, things are getting better. It is true that median family income, adjusted for price inflation, slowed dramatically, beginning around 1974. But in the crucial areas of information and […]

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The IRS Loves When The US Wins Gold In The Olympics

Posted on February 8, 2014

The always insightful Americans For Tax Reform have an article up today breaking down the IRS’s plans for taxing our Olympic athletes should they receive a medal. Now I don’t know how much people know about Olympic athletes, but the majority of them make virtually nothing for the thousands of hours they put in training […]

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Has Economic Inequality Increased Since 1897? Probably Not.

Written by Gary North on January 21, 2014

Many people have heard about the 20-80 rule. This is Pareto’s famous law. Vilfredo Pareto was an Italian economist teaching in Switzerland in the late 19th century. In what remains the most important economics book never translated English, published in 1897, Pareto observed that the distribution of wealth in every European country he examined revealed […]

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Detroit: Resurrection Through Bankruptcy

Written by Gary North on November 27, 2013

Warren Buffett came to a meeting of Detroit’s leaders. So did Lloyd Blankenfein of Goldman Sachs. It was time for cheerleading. Buffett pointed to the recovery of the American auto industry as the model. “Look what happened.” How did it happen? He failed to mention these factors: (1) federal government bailout money, (2) violation of […]

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Tariffs Are Sales Taxes for Dummies

Written by Gary North on November 20, 2013

Probably the most successful conceptual error that is promoted by defenders of tariffs is this one: “Tariffs are good for the nation.” Tariffs, being sales taxes, are good for the national government, but they are not good for the nation. At best, they are less bad for the nation than a graduated income tax. But […]

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Chicago’s Sky-High Tobacco Tax Creates a Huge Black Market.

Written by Gary North on November 14, 2013

Chicago’s politicians love to tax the poor, the addicted, and the politically helpless. Politicians see that poor people are addicted to tobacco. They take advantage of this. They tax tobacco, which means they tax tobacco users. A tobacco tax is a sales tax. A sales tax is a so-called regressive tax: a fixed rate. Liberals […]

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Multi-billionaire Laments: “Our Taxes Are Too Low!”

Written by Gary North on November 4, 2013

Bill Gross is a very rich man. He manages Pimco, the world’s largest bond fund. As is true of most American multi-billionaires, he is a Keynesian. He believes in the economically creative power of the state. He has understood how the state affects the markets through raw power, and he has profited enormously. In November, […]

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