Author Archive

In Defense of Airlines

This probably is not the most interesting and relative blog of the day since the Supreme Court announced its King v. Burwell decision.  But for those who have thrown up their arms in despair over the SC’s obsession with protecting Obamacare, it’s time to move on to other, more mundane topics. In little known news, TIME […]

Here We Go Again: Crushing the Entrepreneurial Spirit of Young Americans

Every summer, the same issue surfaces.  Kids try to run a lemonade stand, and the law shuts them down without a proper permit from the city.  This time it happened in Texas.  (I would not be surprised if this happened in – oh, I don’t know – the people’s republic of Maryland.) But Texas?  The number […]

The New Normal

We are awaiting the May jobs report numbers but is there something of greater concern of which we should discuss.  The current forecasts are estimating a May jobs growth number somewhere around 200,000. Of course it will be touted as a positive – and we all want to see Americans getting back to work. However, this […]

Minimum Wage for Thee But Not for Me…

From the department of when the left eats their own- Last week the Los Angeles City Council approved a minimum wage hike to $15 an hour, which would be phased in by 2020.  Labor activists clamored for it, despite small business owners’ objections that they would be harmed by it.  Now the very labor activists that […]

Social Security is in Worse Shape Than Originally Thought! What a Surprise…Or is It?

Researchers at Harvard and Dartmouth Universities have concluded that since 2000, the projected health of the Social Security trust fund has been rosier than it actually is.  The official word from the Trustees report is that the Social Security trust fund will be exhausted in 2033, meaning that benefits would have to be cut by 25 […]

James Rickards on the Financial Crisis

For those of you who missed the NCPA event featuring Jim Rickards, author of The Death of Money, guest blogger Larry White attended the event and has provided details of Rickards’ speech in two blog posts from his own site, Lonestar Whitehouse: Summary of Jim Rickards’ Dallas speech – Part I Summary of Jim Rickards’ […]

Minimum Wage and the Quaint Little Diner

I had the pleasure of vacationing in southern Utah last week and spending time in a couple of their breathtaking national parks.  I have been to several remote parts of the United States, but I have to say that the “otherworldly” landscape of Bryce Canyon and Zion National Parks, as well as the few towns […]

Busy Week In Congress on a Number of Tax Bills

This week, the House of Representatives is working on a number of tax-related bills (in celebration of April 15).  Two of them, in particular, will directly affect future tax returns: H.R. 1105 – Death Tax Repeal Act of 2015:  Would “repeal the estate and generation-skipping transfer taxes for estates of decedents dying or for transfers made on […]

Let’s Not Talk About Those Unemployment Numbers…

Last week, the Bureau of Labor Statistics released their unemployment statistics for March –  on a Friday, of course, without much fanfare.  The first paragraph of the press release reads: Total nonfarm payroll employment increased by 126,000 in March, and the unemployment  rate was unchanged at 5.5 percent, the U.S. Bureau of Labor Statistics reported today.  […]

Constitutional Challenge to FATCA

Earlier this month, Jeff Lerner wrote about the Foreign Account Tax Compliance Act, a pesky law that requires foreign financial institutions to report to the IRS on bank accounts (not just income, but transaction records) held by Americans in their countries.  Reporting requirements have evidently forced many overseas financial institutions to drop American bank accounts due to […]