Have nothing to do with the [evil] things that people do, things that belong to the darkness. Instead, bring them out to the light... [For] when all things are brought out into the light, then their true nature is clearly revealed...

-Ephesians 5:11-13

Tag Archives: Taxes

Vulture Funds Expecting to Profit Handsomely from Puerto Rico’s Problems

This article was published by The McAlvany Intelligence Advisor on Monday, August 29, 2016:  

English: Map of Peuto Rico, with inset showing...

Map of Peuto Rico, with inset showing it’s position in relation to American continents.

George W. Plunkitt was not the world’s first dishonest politician, but he might have been one of the first ones to be honest about his dishonesty. Plunkitt was a Tammany Hall pol who served in the New York State Assembly and then in the New York State Senate around the turn of the 20th century. He called what he did – and what made him wealthy – “honest graft.” He defined “dishonest graft” as efforts to work solely for his own interests. “Honest graft,” on the other hand, was graft that worked for the interests of his own party.

He made his money by

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What Would the Apostle Paul say About the Minimum Wage?

This article was published by The McAlvany Intelligence Advisor on Friday, August 5, 2016: 

One can surmise from his instructions to believers in the church in Thessalonica: “When we were with you, we gave you this rule: Whoever will not work should not be allowed to eat.” What’s less clear is: what if government mandates keep one from working, or keep employers from hiring those willing to work?

St. Paul assumed that people had the freedom to contract out their labor, to sell the one primary thing they possessed: their time and effort in exchange for money. He also assumed that employers, given the opportunity, were free to hire someone who could add value to their businesses.

Minimum wage laws abrogate that essential freedom, with all manner of negative results. One,

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More Proof: Raising the Minimum Wage Increases Unemployment

This article appeared online at TheNewAmerican.com on Thursday, August 4, 2016: 

If more proof were needed that raising the minimum wage would increase unemployment among lesser-skilled workers, the Heritage Foundation’s latest study provides it.

For one thing, the push for a national minimum wage of $15 an hour would actually cost employers $18.61 an hour, thanks to payroll taxes, unemployment insurance and ObamaCare taxes. The proposed increase, if passed into law, would, according to Heritage, impact one-third of all American workers, and hurt the most those working in lower-cost states.

The math is simple, and deadly.

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Why Voting for Donald Trump Is a Morally Good Choice

By Wayne Gruden

Some of my Christian friends tell me they can’t in good conscience vote for Donald Trump because, when faced with a choice between “the lesser of two evils,” the morally right thing is to choose neither one. They recommend voting for a third-party or write-in candidate.

As a professor who has taught Christian ethics for 39 years, I think their analysis is incorrect.

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Chicagoans Hit With Massive Tax Increases Over July 4 Weekend

This article appeared online at TheNewAmerican.com on Monday, July 11, 2016:  

It Takes Taxes and Bonds - NARA - 534022

The second installment of property taxes due from Chicagoans hit their mailboxes over Independence Day weekend, thus proving the adage that “if one didn’t like taxes without representation, he certainly won’t like taxes with representation.”

William Phillips of Rogers Park (one of 77 communities on the far north side of Chicago) was almost first in line at the assessor’s office on Tuesday, hoping to complain to someone about his bill. “Our taxes increased fivefold,” he stated. “I was expecting [them] to go up maybe twice as much but not four to five times as much.”

Right behind him was Cornes King of Chatham, who told ABC7 News:

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Day of Reckoning for Chicago Taxpayers

This article was published by The McAlvany Intelligence Advisor on Monday, July 11, 2016:  

Chicago landsat image

Chicago landsat image

Chicago just experienced a great irony. Its bill for past extravagances run up by its corrupt politicians arrived over the July 4th weekend. It was of course then that Americans were celebrating Independence from British politicians seeking to impose taxes without representation.

With representation, Chicago taxpayers have allowed themselves to be saddled with taxes far exceeding those that triggered the American Revolution. The trouble is that the realization just hit home over that weekend.

The second half of 2016 property taxes was due on July 1st, and on Tuesday unhappy taxpayers were lined up outside the tax assessor’s door to complain. It was a little late. About two decades late.

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Illinois Governor Vetoes Plan to Reduce Chicago’s Pension Contributions

This article appeared online at TheNewAmerican.com on Monday, May 30, 2016: 

Chicago’s pension contributions to its four dreadfully underfunded pension plans were supposed to double this year to $1.1 billion, up from $478 billion in 2015. But state legislators passed a bill (which had been bottled up for nearly a year) to cut that back to under $900 million. On Friday Illinois Governor Bruce Rauner (above) vetoed the bill, expressing in no uncertain terms that he was tired of politicians kicking the can down the road:

By deferring responsible funding decisions until 2021 and then extending the timeline for reaching responsible funding levels from 2040 to 2055, Chicago is borrowing against its taxpayers to the tune of $18.6 billion.

 

This practice has got to stop. If we continue, we’ve learned nothing from our past mistakes.

Those past “mistakes” have got Chicago Mayor Rahm Emanuel in a pickle.

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Seattle Gun & Ammo Tax Appealed to Higher Court

This article appeared online at TheNewAmerican.com on Wednesday, May 25, 2016:  

Map of Washington highlighting King County

Map of Washington highlighting King County

When Seattle’s city council unanimously passed an ordinance last August taxing guns and ammunition ($25 per firearm and 2¢ to 5¢ per round, depending upon caliber), it was sold as a revenue-raising tactic and not an attack on gun owners’ rights or the Second Amendment. It was sold as a way to raise between $300,000 and $500,000 to “study” gun violence and implement programs to reduce the excessive gun violence in Seattle.

The National Rifle Association (NRA), the Second Amendment Foundation (SAF), and the National Shooting Sports Federation (NSSF), along with some gun owners and gun-store owners, filed suit. They claimed that the tax was in effect a

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Brazil’s Interim President Says “Trust Me,” Installs Corrupt Bureaucrats

This article appeared online at TheNewAmerican.com on Monday, May 16, 2016:  

Upon taking over Brazil’s presidency from disgraced former President Dilma Rousseff on Thursday, interim president Michel Temer asked his skeptical citizenry to “trust” him, saying that his new administration would be Brazil’s “salvation”:

Trust me. Trust the values of our people and our ability to recuperate the economy…. It is essential to rebuild the credibility of the country abroad to attract new investments and get the economy growing again…. It is urgent to restore peace and unite Brazil. We must form a government that will save the nation…. It’s urgent to seek the unity of Brazil. We urgently need a government of national salivation.

Even if he truly intended to do any of that, the challenges he faces almost defy description.

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Opposition Gearing Up to Colo. Single-payer Healthcare Proposal

This article appeared online at TheNewAmerican.com on Friday, April 15, 2016: 

Mark Twain is alleged to have said that “a lie can travel halfway around the world before truth can get its boots on.” In Colorado Initiative 20 is already on the ballot in November and opposition to it is just getting its boots on.

If passed, it would be the 69th amendment to Colorado’s state constitution and would collect all the state’s healthcare programs — Medicaid, children’s healthcare, and all the other state and federal healthcare programs — under one roof. It would replace ObamaCare with what supporters are calling ColoradoCare. And it would double the state’s budget in its first year.

The language of the ballot initiative question may be enough to kill it:

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Treasury Rules Axe $160 Billion Merger; Obama Calls it Good

This article appeared online at TheNewAmerican.com on Thursday, April 7, 2016:  

Map of USA highlighting states with no income ...

Map of USA highlighting states with no income tax on wages (Photo credit: Wikipedia)

New Jersey’s wealthiest resident, David Tepper, decided to move himself and his business, Appaloosa Management, to Florida in order to take advantage of Florida’s much more favorable tax climate.

It’s going to make a big difference.

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Brazil’s Economy Entering Depression

This article appeared online at TheNewAmerican.com on Monday, March 28, 2016: 

English: Aerial view of Rio de Janeiro city ce...

English: Aerial view of Rio de Janeiro city center, Rio de Janeiro, Brazil.

The latest numbers coming out of Brazil confirm what Goldman Sachs said last December: “What started as a recession … is now mutating into an outright economic depression, given the deep contraction of domestic demand.”

Translation: President Dilma Rousseff’s attempt to stimulate the slowing economy via massive insertions of new debt has in fact had the opposite result.

Consumers have cut back by more than eight percent across the board, while investment spending has declined more than 10 percent last year, with cumulative capital spending

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Another Keynesian Failure: Brazil

This article was published by The McAlvany Intelligence Advisor on Monday, March 28, 2016:  

John Maynard Keynes Русский: Джон Мейнард Кейн...

John Maynard Keynes

Boiled down to its most crude elements, Keynesianism, according to Antony Mueller at the Mises Institute, is “the economic policy doctrine of growth by spending.” Since 2003, when the current political party in Brazil, first headed up by Lula and now by Dilma Rousseff, came to power, it installed it in spades. For a while it seemed to work: demand for Brazil’s raw materials: oil, iron ore, and agricultural products grew as China (also pursuing the “growth by spending” mantra) also grew.

But the boom, which at one point included Brazil as one of the BRIC (Russia, India, and China) nations that would soon overtake the developed world, went bust.

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A Unique Oil Man in a Tough Business

This article appeared in print in The New American magazine as well as online, on Thursday, March 17, 2016:  

It doesn’t take long to learn that KimRay, Inc., headquartered in Oklahoma City, is a different sort of oil company — a much different sort. Headed up by Tom Hill until his retirement last year (but who still serves as chairman), the company’s mission statement is simple: Take care of customers, take care of employees, and take care of stockholders. But it ends with this:

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Low Gas Prices Are Igniting Pushes for Increased Gas Taxes

This article was published by The McAlvany Intelligence Advisor on Monday, February 8, 2016:  

For politicians with insatiable appetites for other peoples’ money, the best time to mulct taxpayers is when they aren’t paying attention. Especially when they are already enjoying savings of an estimated $550 a year in lower gasoline costs.

Most drivers have no clue as to what they pay in taxes when they fill up at the pump. Unless they live in California

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Low Oil Prices Are Tempting Politicians to Raise Gas Taxes

This article appeared online at TheNewAmerican.com on Monday, February 8, 2016:  

The White House announced Thursday that the president would be asking Congress to raise taxes on imported oil by $10 a barrel to be used to fund what the Wall Street Journal describes as “new green transportation projects.” The new taxes to be levied on oil companies will be passed down to motorists who will enjoy the opportunity to help the president fund those new projects by 22 cents per gallon every time they fill up.

The danger isn’t that the president’s bill has any chance in the Republican-controlled Congress, this being an election year and all. What is dangerous is that

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Social Security Inching Its Way Toward Bankruptcy, Says CBO

This article appeared online at TheNewAmerican.com on Monday, January 25, 2016:  

The latest report from the Congressional Budget Office (CBO) on the financial condition of Social Security merely confirms what the Social Security trustees have been saying for years: The welfare-state program that spent nearly a trillion dollars last year isn’t sustainable.

In July Treasury Secretary dazzled the press with his waffle: The program is safe and sound, but it faces problems:

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Robots Transforming China, Causing Heartburn at World Economic Forum

This article appeared online at TheNewAmerican.com on Monday, January 25, 2016:  

Shenzhen Evenwin Precision Technology Company, located in China’s Pearl River Delta (dubbed “The World’s Workshop”), has nearly completed the first stage of turning its plant that produces mobile phone components into one of the world’s first nearly 100-percent robot-operated factories. According to the company’s chairman, Chen Xingai,

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GE’s Move to Boston: Corporate Welfare Through Tax Incentives?

This article appeared online at TheNewAmerican.com on Friday, January 22, 2016:  

In his rejoicing last week over the decision by General Electric (GE) — a company employing more than 300,000 employees and with annual revenues of $150 billion — to move its headquarters from Fairfield, Connecticut, to the South Boston Waterfront, Mayor Marty Walsh claimed that his city had just won the lottery:

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Politics: The Fine Art of Stealing Without Punishment

This article was published by The McAlvany Intelligence Advisor on Wednesday, December 23, 2015:  

English: Al Sharpton at the National Action Ne...

Al Sharpton speaking at the National Action Network American Jobs Act March

Literature abounds with pithy and relevant comments about the underside of politics. Disraeli said: “There is no gambling like politics.” Austin O’Malley said: “A politician is like quicksilver: if you try to put your finger on him, you find nothing under it.” Will Rogers said: “There is no more independence in politics than there is in jail.” Shakespeare said: “A politician [is] one who would circumvent God.”

But perhaps the best of those presently extant is from Max O’Rell:

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Many of the articles on Light from the Right first appeared on either The New American or the McAlvany Intelligence Advisor.