Browsing All posts tagged under »taxation«

Amid fiscal profligacy and fears of a looming debt crisis, Spending cuts recommended but is a tax increase necessary?

October 5, 2010 by

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This video by prominent Washington DC based Economist Daniel Mitchell demonstrates that only spending cuts and not an increase in the tax burden are needed to balance the budget.  Although the video refers to an increasingly “big government” America, the same issue plagues most European countries and particularly the United Kingdom.  While the new UK conservative government has the good […]

What happens when politicians, conservatives and liberals get together to make economic policy? a recipe for economic catastrophe!

September 1, 2010 by

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Written by Orphe P. Divounguy In May 2010, something really odd happened: our “great” allies from the other side of the pond decided on a coalition government between a Conservative party, usually the party associated with lower spending/taxes, and the Liberal-Democrats that promised anything but fiscal adjustments.  The Conservatives promised to cut government spending, and […]

Obamanomics 101: The economy must be in peril if Hollywood feels compelled to spread the word: Video exposes some disturbing facts… The movie “the Other guys” end credits…

August 12, 2010 by

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One of the most important thing to take out of this video is that bailout money did not save the US economy. The bailout of major corporations primarily helped foreign investors and institutions. Bailouts also create a perverse incentive system. As long as the administration does not adopt a laissez-faire policy, irresponsible risk taking and […]

Job Growth in May: economic recovery or another bubble driven by Government spending?

June 4, 2010 by

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The May jobs report tells us that government created 10 times more jobs than the private sector, the engine of growth for our economy. Most of this government job creation is financed by government spending! With unprecedented deficits and government debt all around the world, the so called economic recovery seems to be entirely financed […]

Big Government in Europe led to sovereign debt crisis… Don’t let America turn into another Portugal, Italy, Ireland, Greece and Spain (PIIGS)!

May 18, 2010 by

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Although this video refers to France, France to its credit along with Germany, have managed to be more productive than their European neighbors, limiting the damage caused by huge levels of taxation and government spending. If America does not abandon failed policies and entitlement programs that have amounted to a $13 trillion debt, this nation […]

Can we require more efficiency from our elected Government? The net effects of government spending on economic growth

May 11, 2010 by

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Government size and the Implications for Economic Growth A summary of new research by Andreas Berg and Magnus Henrekson Do countries with big government grow faster or slower? yes or no? if yes, can the relationship be interpreted as causal? This new empirical analysis is derived from the theoretical models used in Dr Henrekson’s previous research, […]

Chairman of the House Ways and Means Committee Sandy Levin (D-Mich) “flip flops”! America, Who’s looking out for you?

April 21, 2010 by

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“House Ways and Means Chairman Sandy Levin (D-Mich.) on Monday said tax cuts benefiting the wealthy and enacted under President George W. Bush will expire at the end of the year…”  I thought this was the same congressman Levin who wanted to extend the Bush tax cuts because job creation was his priority!  At least that was what […]