Commentary “According to reports, Republicans are still furiously debating changes to their bill. And no one knows when they will put the bill on the floor. A bill like this deserves weeks of debate on the floor,” said Sen. Chuck Schumer (D-N.Y.) in November 2017. With respect to whatever is decided behind closed doors in…
Time for Paranoia? Are We Paranoid Yet?
Commentary As I explained two-and-a-half years ago, the most salient feature of progressives’ Green New Deal is that it would transform our mixed economy (essentially capitalist, although partially warped by cronyism and massive government interventionism) into a command economy. In a command economy, the independence of ordinary citizens is diminished as they are reduced to…
Wealth Tax a ‘Bizarre’ Policy, Says Jack Mintz
With the 44th federal election on Sept. 20, political parties are pumping out economic plans and promises, and the wealthy are once again becoming a punching bag.
NTD Business Full Broadcast (Mar. 15)
Bloomberg reports the Biden admin will raise taxes at the next opportunity. How will that impact the economy and will it lead to stagflation? Digital payments firm Stripe is now the most valuable startup in the U.S., it’s boosted by the boom in e-commerce during the pandemic. Socialist dictator Nicholas Maduro is apparently laundering the…
Yellen Says Wealth Tax Not Off the Table as Biden Mulls How to Pay for Programs
Treasury Secretary Janet Yellen said the Biden administration is looking at raising taxes on wealthy Americans and corporations—and may mull an outright wealth tax—to pay for future programs, as attention turns to funding measures for the next big-ticket legislative pushes likes the infrastructure plan. Yellen made the remarks in an interview Sunday on ABC’s “This…
Yellen Says Wealth Tax Not Off the Table as Biden Considers How to Pay for Programs
Treasury Secretary Janet Yellen said the Biden administration is looking at raising taxes on wealthy Americans and corporations—and may consider an outright wealth tax—to pay for future programs, as attention turns to funding measures for the next big-ticket legislative pushes such as an infrastructure plan. Yellen made the remarks in a March 14 interview on ABC’s…
Warren’s Wealth Tax Is Trojan Horse for Socialism
Commentary Like most socialists, Sen. Elizabeth Warren (D-Mass.) is enamored with class warfare and wealth redistribution. Warren’s political career has been predicated on vilifying productive Americans while nurturing a sense of victimhood among the unproductive. Although Warren’s socialist streak probably prevented her from becoming her party’s 2020 presidential nominee, she’s not backing down. In fact,…
NTD Business Full Broadcast (Mar. 2)
Senator Elizabeth Warren unveils her new wealth tax proposal. Find out how it works and what high-ranking person thinks it isn’t feasible. New York is allowing wedding receptions to take place again. But the restrictions will have you thinking twice about going to the party. Mississippi wants to phase out its individual income tax. Its…
COVID Ushers in Stimulus. The Taxman Follows.
A crisis is always an opportunity and whatever happens, someone benefits from it. John Maynard Keynes pointed out long ago that rapid inflation always puts the financial boot on different feet: creditors lose and debtors gain. This in turn can have profound social and cultural consequences. Conduct that was once deemed prudent becomes imprudent, and…
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