RSS
 

Archive for the ‘Income taxes’ Category

AARP is half right…cut taxes not only for retirees but for all working people

10 Jun

A full page newspaper sponsored by AARP makes one of the best cases that the New Jersey income tax should be reduced for retirees with the assertion, ” [the bill] would cut state income taxes on income for those who need it most, allowing residents to save more of their hard-earned money.”  Why not reduce taxes (massively) for all residents so they can save, spend, make charitable contributions?  In other words, people should be financial independent, and the only way that could happen is for state governments and the federal government to go on a draconian diet.

 

 

 
Comments Off on AARP is half right…cut taxes not only for retirees but for all working people

Posted in Federal Government, Income taxes, New Jersey, Spending, Taxes

 

A reading list for all Americans

06 Jun

Lew Rockwell has put together a list of books which all Americans should read to learn why liberty and free markets are the best way to create a harmonious society.

As he posted on his blog:

“Recently, on the Kate Dalley Show, I promised a list of 10 shorter works for the intelligent layman interested in learning about Austrian economics and libertarianism. After all, our first job—to make resistance possible–is to educate ourselves. Here is a great start:”

PS Many of these titles can be read at www.mises.org for free.  Bernie would be proud—more free stuff!

 
Comments Off on A reading list for all Americans

Posted in Education, Federal Reserve, Human rights, Income taxes, Politics, The Warfare State, Warfare state

 

End-of-Year Update

24 Dec

New Jersey:

Bridgegate: I live one mile south of the George Washington Bridge in Fort Lee where the notorious three-tollbooth lanes designated for local traffic were restricted to only one for a few days in early September.   Traffic in Fort Lee was horrendous.  Gov. Christie asserted that these three tollbooths were used only for Fort Lee residents. This is a gross mischaracterization of the traffic going to the bridge during rush hour.  Motorists from Fort Lee, Cliffside Park, Fairview, Edgewater, Guttenberg and probably other communities use that particular entrance to the GW.

What were Port Authority officials thinking when they restricted access to the bridge claiming they were conducting a traffic study to see the impact of closing two lanes?

Transportation studies can be conducted using a computer simulation to determine the effects of the lane closures without disrupting the actual traffic of an area being analyzed. In short, there was no need to close two of the lanes. Whatever the motives were of Messrs. Wildstein and Baroni, two smart Christie appointed officials who resigned in the wake of this brouhaha, the fact is politicians should not run key sectors of the economy.  Why? Because their motives and goals are much different than managers of businesses who have to satisfy shareholders or risk their own capital.

The bottom line is very simple government should get out of the transportation businessAt the very least, transportation professionals not political appointees should be making decisions about the use of bridges, tunnels and highways.

Read the rest of this entry »

 

Booker versus Lonegan: why US senators should not be elected

07 Oct

After watching the first debate between Newark Mayor Cory Booker and former Bogota Mayor Steve Lonegan, it is crystal clear that Booker is an unapologetic collectivist and Steve Lonegan is an intellectual lightweight.  In addition, watching these two candidates for United States Senate insult each other confirms what critics of the 17th amendment have argued, that US senators should not be elected directly by the people but appointed by state legislatures, the way senators had originally been appointed to the United States Congress until the progressive era reforms of the early 20th century.

Read the rest of this entry »

 
Comments Off on Booker versus Lonegan: why US senators should not be elected

Posted in Civil liberties, Income taxes, Taxes, The Warfare State

 

Cory Booker: Not ready for prime time or the US Senate

04 Sep

This story says it all.  Booker cannot talk about US aggression against Syria?  Because….?  Booker is just another career politician looking for another gig in the government apparatus of coercion, spying and massive legalized theft via the income tax and the Federal Reserve.

 
Comments Off on Cory Booker: Not ready for prime time or the US Senate

Posted in Civil liberties, Federal Reserve, Income taxes, Taxes

 

Steve Lonegan: political huckster

14 Jun

“On the House side, John Boehner intends to prove the crony capitalist critique of the GOP correct.  He’ll vote for a bloated farm bill that subsidizes, funds, and kicks back whole industries that could not exist but for the congressional porkers in Washington.”

That was Eric Erickson, in this morning’s RedState.  Yesterday afternoon, there was another GOP crony capitalism lovefest here in New Jersey.

Read the rest of this entry »

 
Comments Off on Steve Lonegan: political huckster

Posted in Income taxes, New Jersey, Politics, Taxes

 

Republican primary voters have a choice to make

12 Jun

When he ran for Governor in 2005, Steve Lonegan finished in fourth place.  Then he took a job with Americans for Prosperity and outside money flowed into New Jersey.  With AFP’s money, Steve Lonegan did some good things for the conservative movement in New Jersey, but along the way it became more about Steve Lonegan and less about the movement.

Read the rest of this entry »

 
Comments Off on Republican primary voters have a choice to make

Posted in Income taxes, New Jersey, Nonprofits

 

Enough is Enough: Abolish the income tax

13 May

The revelations that the Internal Revenue Service has been giving extra careful review of the tax- exempt applications of Tea Party groups and other “patriotic” organizations should raise the obvious question, doesn’t an income tax lead to all kinds of abuses?

Read the rest of this entry »

 

Welcome to Obama’s America: Trickle down economics, legal plunder and overseas intervention

15 Feb

Below are some of the major excerpts of President Obama’s State of the Union address.  After each section, I will clarify what the President means and how his proposals contradict his own rhetoric, namely, that the government should encourage free enterprise.

Read the rest of this entry »

 
Comments Off on Welcome to Obama’s America: Trickle down economics, legal plunder and overseas intervention

Posted in Federal Government, Income taxes, Warfare state, Welfare state

 

The GOP should fold up its “big tent” and just go away

02 Jan

The deal to avert the so-called fiscal cliff passed the U.S. Senate with only eight no votes.  The House passed the bill on New Year’s Day in another (smaller) “bipartisan” vote, 257 to 167.  In other words, the GOP, the party of supposedly fiscal conservatism, caved in on higher taxes for not only upper income Americans but also allowed the temporary Social Security tax cut to expire for all wage earners.  Moreover, the estate tax rate increases above $5 million.

Read the rest of this entry »

 
Comments Off on The GOP should fold up its “big tent” and just go away

Posted in Federal Government, Federal Reserve, Income taxes, Spending, Taxes, Warfare state, Welfare state

 

The Sabrin Rule to fix the fiscal cliff…let’s really soak the rich

26 Nov

In essays on consecutive days in the New York Times, Steven Rattner and Warren Buffett call for higher taxes on upper income Americans to close the federal budget gap.  Rattner calls for raising the top tax rate on capital gains to 28 percent, the same rate during Bill Clinton’s first term.  He asserts that “capitalists” would not be adversely affected by the rise in tax rates.  He also would eliminate the “carried interest” tax preference (15% rate), the “indefensibly low tax rate” that is paid by some private equity and hedge fund investors.   In addition, Rattner would cap deductions on the wealthy taxpayers and increase taxes on dividends as well.

Read the rest of this entry »

 
Comments Off on The Sabrin Rule to fix the fiscal cliff…let’s really soak the rich

Posted in Federal Government, Federal Reserve, Income taxes, Spending, Taxes, Uncategorized, Warfare state, Welfare state

 

The kabuki continues

30 Sep

Mulshine reveals why New Jersey is a financial basket case….http://blog.nj.com/njv_paul_mulshine/2012/09/catrambone_video.html

 
Comments Off on The kabuki continues

Posted in Income taxes, New Jersey, Property taxes, State government

 

Corey Booker…wants the “wealthy to pay their fair share”

05 Sep

At the Democratic convention, Newark mayor Corey Booker’s call for higher taxes on the wealthy so the federal government can spend more on welfare programs is emblematic of the morally bankrupt ideology of the Democratic party.  Shamelessly, Booker is another example of why most politicians are nothing more than slick Willie Suttons.

 
Comments Off on Corey Booker…wants the “wealthy to pay their fair share”

Posted in Federal Government, Income taxes, Presidential campaign, Taxes, Welfare state

 

The SCOTUS: You have arrived—the end of the road to serfdom

28 Jun

Yes America, the Supreme Court decided in a 5-4 decision to uphold Obamacare.  The Court ruled that the federal government can force you to purchase something you may not want and compel you to pay a penalty (the Obama administration’s argument) if you don’t and still be constitutional because it is a tax (the SCOTUS rationale).

Read the rest of this entry »

 
Comments Off on The SCOTUS: You have arrived—the end of the road to serfdom

Posted in Federal Government, Healthcare, Income taxes, Supreme Court

 

Lou Greenwald, the Willie Sutton of New Jersey

16 Jun

Call Lou Greenwald feisty or gutsy, but the moniker that best describes the Assembly Majority Leader from Camden is “Willie Sutton.”  Which is apropos inasmuch as Camden has one of the highest crime rates in the nation.

Read the rest of this entry »

 
Comments Off on Lou Greenwald, the Willie Sutton of New Jersey

Posted in Income taxes, Local government, New Jersey, Property taxes, State government