The obvious solution: abolish the federal income tax…and all the angst over deductions goes away. But the politicians cannot let go of the welfare-warfare state.
“Meanwhile, state Senate President Stephen Sweeney said the GOP’s federal tax overhaul could affect Gov.-elect Phil Murphy’s plans for a millionaire’s tax in New Jersey.”
Source: Democrats and Republicans warn Trump tax plan will ‘destroy’ N.J.
“Attorney General Jeff Sessions is doing his best to become the worst cabinet appointee in presidential history; if the Donald had gone with Chris Christie, most of this chaos could have been averted…”
Source: Chris Christie can say ‘I told you so’ about Sessions
The effects of the Federal Reserve’s quantitative easing. The regional disparities.
“Following yesterday’s hotter than expected PPI, Core Consumer Prices printed above expectations (+1.8% YoY vs +1.7% YoY exp) – the fastest rise since April 2017.”
Source: Core Consumer Prices Come In Hot – Rise At Fastest Rate In 6 Months
“The scandal surrounding Priti Patel, who was forced to resign as Britain’s international aid minister last week after secret meetings with Israeli officials during a “family holiday”, offers a small, opaque window on the UK’s powerful Israel lobby. Patel’s off-the-books meetings with 12 Israelis, including prime minister Benjamin Netanyahu, were organized by a British lobbyist … ”
Source: Israel Lobby Is Slowly Being Dragged Into the Light – Antiwar.com Original
Leftists impose weapons of mass destruction on businesses—taxes,taxes, taxes.
“New York City’s abominable, unjust and irrational commercial-rent tax has got to go — and not only for supermarkets, as their owners and Manhattan Borough President Gale Brewer are demanding.”
Source: NYC’s wacky commercial-rent tax is killing Manhattan
Click on the link to view my presentation.
Bubblenomics – Sabrin Center for Free Enterprise || Ramapo College of New Jersey
Refreshments and Registration 7 p.m.
Presentation 7:30 p.m.
Please RSVP by November 10 to msabrin@ramapo.edu or call 201.684.7373.
The U.S. economy experienced the dot com bubble in the 1990s and a housing bubble and bust in the first decade of the 21st century. Despite a mandate to keep the economy from “overheating” and maintaining robust employment, the Federal Reserve’s track record as the manager of the economy has been called into question.
Why did the U.S. economy experience back-to-back bubbles? And according to Fed chairwoman Janet Yellen, another financial crisis the likes of the one that exploded in 2008 was not likely “in our lifetime.”
Finance professor Murray Sabrin will present the results of his sabbatical research, which challenges the conventional wisdom about money, banking and the Federal Reserve as guardian of the economy’s health. He also will show when the next financial crisis will occur.
Dr. Murray Sabrin is Professor of Finance in the Anisfield School of Business at Ramapo College of New Jersey. He has been a member of the faculty since 1985. He has a Ph.D. in economic geography, an M.A. in social studies education and a B.A. in history, geography and social studies education. He has worked in commercial real estate sales and marketing, personal portfolio management, and economic research.
In 2007 Dr. Sabrin and his wife Florence made a $250,000 gift to Ramapo College to establish the Sabrin Center for Free Enterprise in the Anisfield School of Business.
Sabrin’s articles have appeared in The Record, The Star Ledger, Trenton Times, the Asbury Park Press and NJBIZ. His essays have also appeared in Commerce Magazine, Mid-Atlantic Journal of Business and Privatization Review. His academic articles have been published in Nonprofit Management and Leadership, Nonprofit and Voluntary Quarterly, Journal of Business Ethics, Journal of Business and Economics Research, and Public and Municipal Finance. Sabrin edited and wrote the introduction as well as contributing an essay for the eBook, Nonprofitization, the Welfare State, and the Future of Social Entrepreneurship, which can be accessed at https://www.ramapo.edu/sabrincenter/
Sabrin is the author of Tax Free 2000: The Rebirth of American Liberty, and blogs at www.murraysabrin.com His three documentaries about the Federal Reserve, the income tax and Medicare and Medicaid can be viewed at Sabrin Films on YouTube.
GE is taking a pounding this morning for cutting its dividend by 50%, and we’d say its about time for both. That is, its unaffordable and unsustainable disgorgement of cash into the stock market…”
Source: GE’s Comeuppance—Poster Boy For Financial Engineering Run Amok
“The gray hue of dawn quickly slipped to a bright clear sky as we set out last Saturday morning. The season’s autumn tinge abounded around us as the distant mountain peaks, and their mighty rifts, grew closer. The nighttime chill stubbornly lingered in the crisp air. Like Jonathan Harker’s journey…”
Source: Is Fed Chair Nominee Jay Powell, Count Dracula?
A heartfelt post from liberation foreign policy analyst, Justin Raimondo.
“Dear Readers, I write this under great duress, and against my better judgment: it has never been my policy to mix my personal life and my writing/professional life. This time, however, I don’t see how I can avoid it. My regular readers will have noticed that I’ve skipped more than a couple of columns recently, …”
Source: I Will Survive – Antiwar.com Original
“Libya: The forgotten reason why North Korea desperately wants nuclear weapons. More…”
Source: Understanding the Libya disaster will lead to a resolution in North Korea
Statism in action. Grand theft by the government. Ignorant, authoritarian public officials.
Source: EconomicPolicyJournal.com: Now Seattle Socialist City Council Member Wants an Hourly Head Tax