taxes

Why Taxing the Wealthy and Giving to the Poor Makes Sense 5

By Daniel McKay

Nov

26

2012

I apologize for the irregular posting, I’ve had a lot come up lately. But amidst all the personal drama I figured I would share an insight, a reminder for many of you. We should be taxing the wealthy and giving money to the poor. It is simple economics, in fact I was just explaining it ...

The Government’s Budget and the Economic Tightrope 4

By Daniel McKay

Nov

11

2012

Now that the elections are over, we are sitting less than two months away from what I would consider a catastrophic budget resolution. It is politics, not economics that has dictated the fiscal cliff – and I suspect unfortunately that it will be politics again, not economics that determine what the solution will be. The ...

Want To Learn About Entitlements? Part 2: The Problems 2

By Daniel McKay

Oct

16

2012

We recently covered in Part 1 some basic facts about entitlements, or “earned benefits,” that gave a pretty good outline of what they are, how they are funded and our expenditures. This segment will go more into detail about the issues we face in the coming decades surrounding entitlements. “the future is bleak, short-term projections show a fund that ...

Water In The Ears? Austerity With Slow Growth Is LUDICROUS 8

By Daniel McKay

Oct

11

2012

People and Politicians really don’t get it, austerity is something you should do when the economy is booming – not when it is weak. Despite overwhelming economic evidence that austerity slows down economies – you hear people, and even more scary, politicians, preach we take a dose of Hoover’s medicine. It’s important to understand that what we’re ...

Does Taxing The Rich Hurt Growth? A Redistributive Lesson 5

By Daniel McKay

Oct

9

2012

Redistribution, progressive taxes, class warfare, taxing the rich. All of these you have probably heard recently, and depending on who you talk to you might have heard different things about them. The Democrats, and President Obama wish to raise the tax rate on the top earners – the $250,000 and $1 million marker has been ...

Home Cooking: Mitt Romney’s Waffle Recipe 3

By Daniel McKay

Oct

5

2012

If there is one thing that American’s almost unanimously dislike is a candidate who doesn’t have strong values, someone who bends like a branch on a tree whenever the wind blows. Mitt Romney’s Waffle Recipe: This is a great one for those who just don’t know what they want to eat when they start cooking ...

What Does A Romney Presidency Look Like For The Budget? 1

By Daniel

Sep

27

2012

We’ve already covered Obama, now it’s Romney’s turn. What would unravel in the budget war should Romney be elected? If Romney wins, political powers will clash and a decision will be delayed until Romney can take office – expect entitlement cuts. Fiscal Armageddon, as you’ve heard it – “The Fiscal Cliff” is set to swing ...

If Obama Is Re-elected Will We Face Fiscal ARMAGEDDON? 4

By Daniel

Sep

25

2012

Do We Face Fiscal Armageddon if Obama is Re-elected? In short, no. The Republicans have already said that they will have to compromise with the Democrats should Obama win. January 1, 2013: The Day of Reckoning. This is the date where automatic across the board cuts are set to take effect, slashing entitlement programs and ...