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The Horrors of Hyperinflation

The Horrors of Hyperinflation

Robert E. Wright  Some people thought serious inflation would follow the bailouts of 2008-9. It didn’t, so some assume prices will remain in check again now. A false cry of wolf in the past, however, doesn’t mean that the wolves of inflation do not stalk the economy this time. As described below, macroeconomic and policy conditions […]

IRS Data Trove Shows How The Super Wealthy Pay Such Little Taxes: Report

IRS Data Trove Shows How The Super Wealthy Pay Such Little Taxes: Report

THOMAS CATENACCI CONTRIBUTOR The super wealthy — including billionaires Jeff Bezos, Elon Musk and Michael Bloomberg — have skirted large amounts of taxes for years, according to a large trove of federal tax data obtained by ProPublica. The 25 richest Americans’s wealth increased to a total of $401 billion while paying $13.6 billion, or just 3.4% […]

Congressional Democrats to Biden: Pour Some SALT on That Infrastructure

Congressional Democrats to Biden: Pour Some SALT on That Infrastructure

COLUMN by Thomas L. Knapp As the debate over President Joe Biden’s infrastructure proposals heats up, Roll Call reports that “[a] new caucus pressing for repeal of the $10,000 limitation on state and local tax deductions boasts the support of more than one-third of Democrats on the House Ways and Means Committee.” The SALT cap, […]

Rightfully Stolen

Rightfully Stolen

COLUMN By Judd Garrett In the movie, The Princess Bride, as the hero, Wesley was trying to rescue the Princess, her kidnapper, Vizzini indignantly says to him, “You’re trying to kidnap what I’ve rightfully stolen.” As if there is honor among thieves. That is the subtle joke of the line. There is no honor among thieves. […]

IRS to Delay Tax Filing and Payment Deadline by More Than a Month

IRS to Delay Tax Filing and Payment Deadline by More Than a Month

 R. Mitchell Source: Conservative Daily News CDN The Internal Revenue Service announced Wednesday that it would delay tax filing and payment due dates until Mid-may due to a processing backlog, efficiency effects from the lockdowns, and measures in the COVID stimulus bill. The Department of the Treasury and the IRS confirmed Wednesday that income tax filings, […]

Biden plans first major U.S. tax increase in decades

Biden plans first major U.S. tax increase in decades

Casey Harper | The Center Square contributor   (The Center Square) – President Joe Biden is planning the first major federal tax hike in nearly 30 years. Biden has not released the full tax plan, but sources told Bloomberg the proposed changes would raise taxes, including the corporate tax rate, to help fund an anticipated […]

The Stimulus Bill’s Anti-Socialist Poison Pill

The Stimulus Bill’s Anti-Socialist Poison Pill

    by Thomas L. Knapp On March 8, the Biden administration endorsed the Protecting the Right to Organize (PRO) Act of 2021, which would allegedly “strengthen the Federal laws that protect workers’ right to organize a union and collectively bargain for better wages, benefits, and working conditions.” The bill, however, isn’t just about making […]

California Accelerates Plan To Chase Away The Wealthy

California Accelerates Plan To Chase Away The Wealthy

by Tyler Durden Authored by Mike Shedlock via MishTalk, The California legislature proposes scheme after scheme to tax the wealthy. California’s proposed wealth tax, Bill 2028, would apply for a decade to anyone who spends 60 days in the state in a single year. Here are the details. A 0.4% tax on residents with a worldwide net worth […]

Ventura County Labor Agreement Would Cost Taxpayers Millions

Ventura County Labor Agreement Would Cost Taxpayers Millions

Recently, the Ventura County Board of Supervisors was told that a proposed Community Workforce Agreement (CWA) on county projects would likely increase project costs more than $75 million over the next five years.  Their own staff recommended that the Board reject the proposed CWA. . However, an undeterred Supervisor Zaragoza, along with Supervisors Long and Bennett, […]

Commentary | California—Glad I Fled You

Commentary | California—Glad I Fled You

    By Sigrid Weidenweber I don’t know if I am prescient or just lucky. But I left California in the first days of February 2020, seeking a new home in Nevada. I had the feeling that big money grabs were coming—and here they are! In a Wall Street Journal opinion piece, from Thursday, October […]

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