The US income tax system has earned an appropriately notorious reputation.
After getting laid off and being unemployed for five full months, Kwame Jackson was ready to hear some good news.*
It came this week, when he heard about a new study on the minimum wage prepared by a leading Ivy League-trained economist, Dr. Bertrand Hopkins. The study was consistent with the latest groundbreaking research on the subject, and added to a growing body of evidence that minimum wage increases are in fact good for workers–contrary to what the libertarian purists at the Heritage Foundation might have you believe.
Renowned economist Dr. Richard Hackney has released a new white paper praising the Federal Reserve for its “expert” manipulation of the stock market. Continue reading Economist Praises Federal Reserve ‘Expert’ Stock Market Manipulation
- Fed Continues To Pretend Obviously False Thing Is True
- Reason Triumphs a Little in Illinois Pension Debate
- Turkey Invades Syria
Speaking at a rally in Michigan, Hillary Clinton apparently decided her current economic policies weren’t sufficiently destructive. To remedy this, she announced that she now supports using “targeted tariffs” against other countries that “have gamed the system.”
Continue reading Presidential race to the bottom continues as Clinton embraces tariffs
- Tensions spike along Crimean border after alleged Ukrainian terror plot
- Another reminder that governments lie, (but for once, it’s almost a good thing)
- Hillary Clinton embraces protectionism
- US economic data seemed too good to be true, and it was!
- Bank of England fails at money printing
- Taliban and ISIS reported to be making tentative peace in afghanistan
- Saudi Arabian layoffs are bad news workers, but possibly good news for Yemen?
- Democratic VP candidate describes current ISIS war as illegal
- Trump goes off the cuff again; disaster ensues
Trump released his new economic plan yesterday, and the contents were pretty predictable. It’s essentially a blend of standard Republican ideas on taxation (lower) and regulation (less) combined with Trump’s continued insistence on protectionism. They make for strange bedfellows. Because while on the one hand, he proposes lowering income taxes and cutting and/or imposing a moratorium on new regulations, he also frequently talks about having new tariffs, which are just another tax.
Continue reading The good, the hysterical, and the dangerous of Trump’s economic plan
Today’s top stories:
- Another presidential candidate enters the race
- Third party lawsuit to join presidential debates partially dismissed
- Trump offers a good but dangerous economic plan