Many people believe that practicing capitalism has failed us in society by bringing hardship upon common people due to the greed of the few that benefitted at their expense. This is an economic system that is practiced among citizens and businesses operating in their own interest with the Government intervening through regulation and taxation, [...]
It is with mild fascination that we watch the result of the debt and spending debacle unfolding in Greece along with its developing civil unrest. The struggles of that nation to accept the consequences of their past decisions combined with the responses from other anxious nations in the Euro zone with similar issues makes [...]
The majority of working Americans never have a chance to pay their taxes because they are deducted in advance of their paychecks being received. This is usually the case for everyone except a small percentage of people that are subject to paying estimated taxes through the year or any year-end settlements with the IRS. [...]
Hardly an hour goes by over the last few days without hearing about how proud and excited our Government is with the success of the Cash for Clunkers program. They initially appropriated $1 billion of funding for the program and have been completely surprised by the rapid acceptance it has received, and now they [...]
The Government collects a certain amount of revenue in the form of taxes every year to pay for its existence, yet it customarily spends much more than it collects and nonchalantly finances the difference with hardly a headline. This is an astounding occurrence in that the Government can spend anything it desires and any [...]
In an attempt to kick-start our struggling economy that has been suffering from this formidable global slump, our Government has been pumping money into the system relentlessly with no end in sight. To accommodate this spending debauchery they are embarking on a program of borrowing and of printing money in some coordinated effort to [...]
It is a strange nation that we live in where there is no shortage of opinions stating that taxes should be increased instead of reducing spending, yet those that opine to such never take it upon themselves to set an example by including a “donation” in addition to their computed taxes owed on their 1040s. [...]
