The Laffer Curve

The Laffer Curve is a theory developed by supply-side economist Arthur Laffer to show the relationship between tax rates and the amount of tax revenue collected by governments.  An economist, Mr. Laffer first gained prominence by serving on Ronald Reagan’s Economic Policy Advisory Board from 1981–89.  The Curve was, and still is, used to illustrate … More The Laffer Curve

Debunking the Nirvana of Corporate Tax Cuts

Nirvana is a transcendent state in which there is neither suffering, desire, nor sense of self, and the subject is released from the effects of karma and the cycle of death and rebirth.  It represents the final goal of Buddhism.  It has been purported that lowering current taxes paid by U.S. corporations, among other things, … More Debunking the Nirvana of Corporate Tax Cuts

Crowding Out

There is a great animated movie, A Bug’s Life, which tells the story of a hard-working group of oppressed Ants and their oppressive “leaders”, the Grasshoppers.  From time eternal, the Ants work hard every year growing food but when it comes time for the harvest they must set aside a substantial offering for the Grasshoppers … More Crowding Out

Rise of the Fair Trade Charlatans

A charlatan is defined as a person falsely claiming to have a special knowledge or skill; a fraud.  Synonyms?  Quack, sham, impostor, hoaxer, cheat, deceiver, double-dealer, swindler.  Take your pick in describing Commerce nominee Wilbur Ross.  Mr. Ross is claiming that he, and his soon-to-be new boss, President-elect Trump, are, by edict, going to bring prosperity … More Rise of the Fair Trade Charlatans

PBGC: Government In the Insurance Business…This Can’t Be Good!

Do you live in the United States?  Do you pay federal taxes?  I realize that excludes many Americans so if you don’t, you can move along, nothing to see here.  If you do, you may be interested in what one particular federal government agency, Congress and private unions are planning.  Spoiler alert, this one might sting … More PBGC: Government In the Insurance Business…This Can’t Be Good!

UBI Revisited

Today, we are revisiting the topic of “UBI”, or Universal Basic Income (see my prior post, The Basic Income Guarantee of Failure).  The push behind UBI is nothing short of spectacular in size and scope.  A search of UBI, not a “new” idea, will list enough results to keep you reading for a while, and … More UBI Revisited