Prominent economist and super successful textbook author Greg Mankiw writes: I have a confession to make: I love the Federal Reserve. And I suspect that, in their heart of hearts, most other
Source: Greg Mankiw Loves the Federal Reserve–and the Labor Theory of Value
The issue has become a stand-in for a larger political battle over how to deal with New Jersey’s deteriorating fiscal health.
Source: NJ millionaires tax: Here are the arguments for and against the controversial tax hike
Tax fairness: One of many oxymorons embraced by the political elite.
Why, taxpayers could have donated a couple of hundred bucks to the Treasury Department or spent those five minutes reading libertarian memes!
Source: My Money, My Choice – On Tax Day, Remember Taxation is Theft – Liberty Nation
Disclosure of tax payments would make it easier to hold politicians accountable. It also would help to reduce fraud and economic inequality.
Source: Opinion | Everyone’s Income Taxes Should Be Public
Authoritarian thinking at the NYT.
Americans are not rejoicing at the small incremental change in their take-home pay made possible by the Tax Cuts and Jobs Act, which Republicans championed.
Source: Americans are unhappy with tax overhaul, and the GOP should be worried
“Medicare for All” carries risk of fraud
On April 10 The Record published economics professor Gerald Friedman’s column, “Take it from an economist: Medicare for All is most sensible fix.” And on the front page of the same edition, the following article was published: “NJ doctor, 23 others charged and Medicare fraud case,” what federal officials say was a $1.2 billion scheme.
There are so many errors in Professor Friedman’s essay one doesn’t know where to begin. First, Article 1, Section 8 of the U.S. Constitution does not mention healthcare one bit. In other words, the federal government has been engaging in unconstitutional activities by being involved in the people’s health care for decades.
Thus, expanding health care by providing “Medicare for All” would be an egregious expansion of federal government’s power.
Second, the irony is that the American people are “over insured.” Medical insurance – or for that matter any kind of insurance – is needed to cover catastrophic losses, not routine expenses such as a visit to a doctor or a minor automobile repair.
Third, to provide “universal coverage,” we need to reduce our reliance on health insurance for most if not all of our medical expenses and create thousands of nonprofit health centers to deliver medical care to poor and low-income individuals and families.
This is already being done at the Bergen Volunteer Medical Initiative in Hackensack, which is based upon the Volunteers in Medicine model created in the 1990s in Hilton Head, South Carolina.
Finally, Medicare for All would perpetuate more frauds as outlined in Wednesday’s paper. The lack of oversight in the current Medicare program should be a warning sign to proponents of taxpayer-financed universal coverage.
Murray Sabrin, Ph.D.
Fort Lee The writer is a professor of finance at Ramapo College and founder of the Sabrin Center for Free Enterprise.
2020 candidate Tulsi Gabbard has spoken out against the US government’s plans to extradite and punish WikiLeaks co-founder Julian Assange, calling it a “blow to transparency and a blow to a free press.” Speaking to MSNBC’s Chris Matthews on Thursday, Gabbard defended the prior administration’s decision not to attempt to extradite Assange. Despite his administration’s record use of the Espionage act against whistleblowers, Barack Obama opted not to pursue charges against Assange, claiming it would create a dangerous precedent for journalists. Assange Arrest: The message is clear. To journalists and all Americans, if you try to take away our power, … Continue reading →
Source: Toe the Line or Go to Jail – LewRockwell