By Nathan Barton
Good morning: still looking at things for the old year and the new year.
In 19 states, minimum wages went up on the 1st of January, passing the $10 mark in several states. In one of the most bizarre and long-lasting of economic myths, people believe that minimum wages help the economy and help lower-income wage workers. This is one more drag on the economy of every one of those states, including both South Dakota AND Colorado.
Postponing the Estate Tax is going to be attempted once again, in the new Congress. The federal estate tax — often called the death tax — is a tax on the transfer of a person’s assets at death… in essence adding insult to injury for a lot of folks. People have tried to get rid of it for years, but it is a key part of the Transzi platform, to ensure that small, less wealthy families (NOT members of “the elite”) do not come to challenge the superrich, who can hide with all kinds of benefits. Once more, government decisions harm the economy. Continue reading
Libertarian commentary on the news, #15-01C: New Year doesn’t change stupid government.
By Nathan Barton
Good morning!
Did you know? Who Is Paying Federal Income Taxes? The top 50 percent of taxpayers paid almost all of the nation’s income taxes — 96.7 percent… Incredibly, eh? And that isn’t 50% of the POPULATION or the ADULT population or people with jobs. That doesn’t count millions of people who don’t make enough to pay income taxes. Government theft continues unabated. The FedGov collected more taxes last year than ever before, but they also spent like the combined fleets of world history all being drunken sailors at the same time.
I suppose that is one reason to continue to distract us with stupidity like this next story. U.S. imposes sanctions on N. Korea following attack on Sony. The Administration imposed new sanctions on North Korea on Friday, the first known U.S. response since authorities concluded the repressive government was behind the cyberattack on Sony Pictures Entertainment. Read full article » Never mind that it has now been demonstrated that it was NOT the “Norks” that did this, but disgruntled Sony employees and ex-employees RIGHT HERE IN THE Fifty States! The FedGov MUST find something, anything, to keep reminding us of the big bad boogymen out there that only THEY can protect us from. Such hypocrites. Continue reading →