It’s not a perfect analogy since people presumably prefer cash to in-kind handouts, but the vertical bars basically represent living standards for any given level of income that is earned (on the horizontal axis).
Needless to say, there’s not much reason to earn more income when living standards don’t improve. May as well stay home and good off rather than work hard and produce.
This is why income redistribution is so destructive, not just to taxpayers, but also to the people who get trapped into dependency. Which is exactly the point made in this video.
Milton Friedman’s Free to Choose – Ep.4 (1/7) – From Cradle to Grave President Obama c/o The White House 1600 Pennsylvania Avenue NW Washington, DC 20500 Dear Mr. President, I know that you receive 20,000 letters a day and that you actually read 10 of them every day. I really do respect you for […]
Testing Milton Friedman – Preview Uploaded by FreeToChooseNetwork on Feb 21, 2012 2012 is the 100th anniversary of Milton Friedman’s birth. His work and ideas continue to make the world a better place. As part of Milton Friedman’s Century, a revival of the ideas featured in the landmark television series Free To Choose are being […]
Eight Reasons Why Big Government Hurts Economic Growth We got to cut these welfare programs before everyone stops working and wants to get the free stuff. The Bible says if you don’t work then you should not eat. It also says that churches should help the poor but it doesn’t say that the government should […]
Johan Norberg – Free or Equal – Free to Choose 30 years later 2/5 Published on Jun 10, 2012 by BasicEconomics In 1980 economist and Nobel laureate Milton Friedman inspired market reform in the West and revolutions in the East with his celebrated television series “Free To Choose.” Thirty years later, in this one-hour documentary, […]
I ran across this very interesting article about Milton Friedman from 2002: Friedman: Market offers poor better learningBy Tamara Henry, USA TODAY By Doug Mills, AP President Bush honors influential economist Milton Friedman for his 90th birthday earlier this month. About an economist Name:Milton FriedmanAge: 90Background: Winner of the 1976 Nobel Prize for economic science; […]
Below is a discussion from Milton Friedman on Bill Clinton and Ronald Reagan. February 10, 1999 | Recorded on February 10, 1999 audio, video, and blogs » uncommon knowledge PRESIDENTIAL REPORT CARD: Milton Friedman on the State of the Union with guest Milton Friedman Milton Friedman, Senior Research Fellow, Hoover Institution and Nobel Laureate in […]
Milton Friedman came up with the idea of eliminating all welfare programs and putting in a negative income tax that would eliminate the welfare trap. However, our federal government just doesn’t listen to reason. Obama Ends Welfare Reform as We Know It, Calls for $12.7 Trillion in New Welfare Spending Robert Rector July 17, 2012 […]
December 06, 2011 03:54 PM Milton Friedman Explains The Negative Income Tax – 1968 0 comments By Gordonskene enlarge Milton Friedman and friends.DOWNLOADS: 36 PLAYS: 35 Embed The age-old question of Taxes. In the early 1960′s Economist Milton Friedman adopted an idea hatched in England in the 1950′s regarding a Negative Income Tax, to […]
In the last few years the number of people receiving Food Stamps has skyrocketed. President Obama has not cut any federal welfare programs but has increased them, and he has used class warfare over and over the last few months and according to him equality at the finish line is the equality that we should […]
Testing Milton Friedman – Preview Uploaded by FreeToChooseNetwork on Feb 21, 2012 2012 is the 100th anniversary of Milton Friedman’s birth. His work and ideas continue to make the world a better place. As part of Milton Friedman’s Century, a revival of the ideas featured in the landmark television series Free To Choose are being […]
When I think of all of the problems we are having in our economy today then I think about the period of time from 1977 to 1980 when the economy was in bad shape. How did we get out of that mess? Maybe we should look at how Ronald Reagan got us out of that mess and he brought forth one of the best periods of economic expansion in our nation’s history. Reagan was right when he said if you tax something then you will get less of it. That is similar to what Rep Yoder says below.
This week, the talk in Washington, D.C. has focused on finding a long-term bipartisan resolution to the looming automatic spending cuts and tax increases that will hit all Americans on January 1, 2013 – called the Fiscal Cliff. There is a great amount of work to be done by both sides to come together on a resolution, but I continue to be optimistic that we will reach an agreement because I recognize how serious an issue this is. We cannot afford to continue kicking the can down the road with short-term fix after short-term fix. As a member of the House Appropriations Committee, I understand we can’t tax and spend our way out of our current fiscal situation, and we need a long-term deal.
____
Thank you so much for your time. I know how valuable it is. I also appreciate the fine family that you have and your commitment as a father and a husband.
Sincerely,
Everette Hatcher III, 13900 Cottontail Lane, Alexander, AR 72002, ph 501-920-5733, lowcostsqueegees@yahoo.com
(Emailed to White House on 12-21-12.) President Obama c/o The White House 1600 Pennsylvania Avenue NW Washington, DC 20500 Dear Mr. President, I know that you receive 20,000 letters a day and that you actually read 10 of them every day. I really do respect you for trying to get a pulse on […]
(Emailed to White House on 12-21-12.) President Obama c/o The White House 1600 Pennsylvania Avenue NW Washington, DC 20500 Dear Mr. President, I know that you receive 20,000 letters a day and that you actually read 10 of them every day. I really do respect you for trying to get a pulse on what is […]
(Emailed to White House on 12-21-12) President Obama c/o The White House 1600 Pennsylvania Avenue NW Washington, DC 20500 Dear Mr. President, I know that you receive 20,000 letters a day and that you actually read 10 of them every day. I really do respect you for trying to get a pulse on what is […]
The federal government has a spending problem and Milton Friedman came up with the negative income tax to help poor people get out of the welfare trap. It seems that the government screws up about everything. Then why is President Obama wanting more taxes? _______________ Milton Friedman – The Negative Income Tax Published on […]
I was sad to read that the Speaker John Boehner has been involved in punishing tea party republicans. Actually I have written letters to several of these same tea party heroes telling them that I have emailed Boehner encouraging him to listen to them. Rep. David Schweikert (R-AZ),Justin Amash (R-MI), and Tim Huelskamp (R-KS). have been contacted […]
Michael Tanner of the Cato Institute in his article, “Hitting the Ceiling,” National Review Online, March 7, 2012 noted: After all, despite all the sturm und drang about spending cuts as part of last year’s debt-ceiling deal, federal spending not only increased from 2011 to 2012, it rose faster than inflation and population growth combined. […]
Michael Tanner of the Cato Institute in his article, “Hitting the Ceiling,” National Review Online, March 7, 2012 noted: After all, despite all the sturm und drang about spending cuts as part of last year’s debt-ceiling deal, federal spending not only increased from 2011 to 2012, it rose faster than inflation and population growth combined. […]
Some of the heroes are Mo Brooks, Martha Roby, Jeff Flake, Trent Franks, Duncan Hunter, Tom Mcclintock, Devin Nunes, Scott Tipton, Bill Posey, Steve Southerland and those others below in the following posts. THEY VOTED AGAINST THE DEBT CEILING INCREASE IN 2011 AND WE NEED THAT TYPE OF LEADERSHIP NOW SINCE PRESIDENT OBAMA HAS BEEN […]
I hated to see that Allen West may be on the way out. ABC News reported: Nov 7, 2012 7:20am What Happened to the Tea Party (and the Blue Dogs?) Some of the Republican Party‘s most controversial House members are clinging to narrow leads in races where only a few votes are left to count. […]
Rep Himes and Rep Schweikert Discuss the Debt and Budget Deal Michael Tanner of the Cato Institute in his article, “Hitting the Ceiling,” National Review Online, March 7, 2012 noted: After all, despite all the sturm und drang about spending cuts as part of last year’s debt-ceiling deal, federal spending not only increased from 2011 […]
Ronald Reagan had a lot to say about taxes and he liked cutting them. Why not take a page out of his book instead of trying to harm our job creators like you are doing?
Unfortunately this has become a novel concept for some:(
Every evening, the same 10 friends eat dinner together, family style, at the same restaurant. The bill for all 10 comes to $100. They always pay it the way we pay taxes:
• The first four are poor and pay nothing.
• The fifth pays $1.
• The sixth pays $3.
• The seventh, $7
• The eighth, $12.
• The ninth, $18.
• The 10th, (the most well-to-do) pays $59.
One night the restaurant owner announces that because they’re such good customers, he’s dropping their group dinner bill to $80. Let’s call that a tax cut. They want to continue paying their bill as we pay taxes. So the four poorest men still eat free. But if the other six split the $20 tax cut evenly, each would save $3.33. That means the fifth and sixth men would end up being paid to eat. The restaurant owner works out a plan: The fifth man eats free; the sixth pays $2; the seventh, $5; the eighth, $9; the ninth, $12; and the 10th guy pays $52. All six are better off than before, and the four poor guys still eat for nothing. The trouble starts when they leave the restaurant and begin to compare what they reaped from the $20 cut. “I only got a dollar of it,” says the sixth man, “but he (pointing at No. 10) got $7.” The fifth guy, who also saved a dollar by getting his meal free, agrees that it’s not fair for the richest to get seven times the savings as he. No. 7, grousing that the wealthy get all the breaks, points out that he only got two bucks. “Wait a minute,” the first four poor guys yell in unison. “We didn’t get anything at all. The system exploits the poor!” The nine men jump the 10th and administer a severe beating. The next night he doesn’t come for dinner. They shrug it off and eat without him. The customary $80 bill comes. Surprise! They’re $52 short.
Yes, those who pay the most taxes get the most back from tax reductions. But tax them too much — punish them for the wealth they may have — and they just might stop bringing their money to the table.
I guess this is why American businesses have about $10 trillion in offshore deposits. You can’t blame them. After all, they got tired of getting beat up to forfeit their “fair share.”
________
Thank you so much for your time. I know how valuable it is. I also appreciate the fine family that you have and your commitment as a father and a husband.
Sincerely,
Everette Hatcher III, 13900 Cottontail Lane, Alexander, AR 72002, ph 501-920-5733, lowcostsqueegees@yahoo.com
(Emailed to White House on 12-21-12.) President Obama c/o The White House 1600 Pennsylvania Avenue NW Washington, DC 20500 Dear Mr. President, I know that you receive 20,000 letters a day and that you actually read 10 of them every day. I really do respect you for trying to get a pulse on […]
(Emailed to White House on 12-21-12.) President Obama c/o The White House 1600 Pennsylvania Avenue NW Washington, DC 20500 Dear Mr. President, I know that you receive 20,000 letters a day and that you actually read 10 of them every day. I really do respect you for trying to get a pulse on what is […]
(Emailed to White House on 12-21-12) President Obama c/o The White House 1600 Pennsylvania Avenue NW Washington, DC 20500 Dear Mr. President, I know that you receive 20,000 letters a day and that you actually read 10 of them every day. I really do respect you for trying to get a pulse on what is […]
The federal government has a spending problem and Milton Friedman came up with the negative income tax to help poor people get out of the welfare trap. It seems that the government screws up about everything. Then why is President Obama wanting more taxes? _______________ Milton Friedman – The Negative Income Tax Published on […]
I was sad to read that the Speaker John Boehner has been involved in punishing tea party republicans. Actually I have written letters to several of these same tea party heroes telling them that I have emailed Boehner encouraging him to listen to them. Rep. David Schweikert (R-AZ),Justin Amash (R-MI), and Tim Huelskamp (R-KS). have been contacted […]
Michael Tanner of the Cato Institute in his article, “Hitting the Ceiling,” National Review Online, March 7, 2012 noted: After all, despite all the sturm und drang about spending cuts as part of last year’s debt-ceiling deal, federal spending not only increased from 2011 to 2012, it rose faster than inflation and population growth combined. […]
Michael Tanner of the Cato Institute in his article, “Hitting the Ceiling,” National Review Online, March 7, 2012 noted: After all, despite all the sturm und drang about spending cuts as part of last year’s debt-ceiling deal, federal spending not only increased from 2011 to 2012, it rose faster than inflation and population growth combined. […]
Some of the heroes are Mo Brooks, Martha Roby, Jeff Flake, Trent Franks, Duncan Hunter, Tom Mcclintock, Devin Nunes, Scott Tipton, Bill Posey, Steve Southerland and those others below in the following posts. THEY VOTED AGAINST THE DEBT CEILING INCREASE IN 2011 AND WE NEED THAT TYPE OF LEADERSHIP NOW SINCE PRESIDENT OBAMA HAS BEEN […]
I hated to see that Allen West may be on the way out. ABC News reported: Nov 7, 2012 7:20am What Happened to the Tea Party (and the Blue Dogs?) Some of the Republican Party‘s most controversial House members are clinging to narrow leads in races where only a few votes are left to count. […]
Rep Himes and Rep Schweikert Discuss the Debt and Budget Deal Michael Tanner of the Cato Institute in his article, “Hitting the Ceiling,” National Review Online, March 7, 2012 noted: After all, despite all the sturm und drang about spending cuts as part of last year’s debt-ceiling deal, federal spending not only increased from 2011 […]
When I think of all of the problems we are having in our economy today then I think about the period of time from 1977 to 1980 when the economy was in bad shape. How did we get out of that mess? Maybe we should look at how Ronald Reagan got us out of that mess and he brought forth one of the best periods of economic expansion in our nation’s history.
Ronald Reagan’s 1980 Television Ad Campaign
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Ronald Reagan cut taxes in a big way. Maybe we should head down that path. Here is speech from a Tea Party favorite that advocates that path. A concise and fine speech by Dr. Broun:
Click here to listen to Dr. Broun’s speech on C-SPAN.
“Mister Speaker, we’ve reached the fiscal cliff not because we tax too little, but because we spend too much. My Democrat colleagues want to focus on whom to raise taxes and by how much – but this debate should really be about our addiction to outrageous spending.
“Many in Congress don’t believe that what happened in Greece could happen here in the United States. But just think about it. Greece kept borrowing and spending more and more until eventually they couldn’t pay their public workers. They couldn’t take care of the elderly and the poor who depend on government programs. And they couldn’t deliver any of the retirement or healthcare services they promised its people. Sound familiar? It’s because the United States is headed down the same path today.
“The Democrats think we can tax our way out of this mess. But we’ll be right back here having this same debate very soon if we don’t cut spending.
“Today, the Democrats are talking about taxing the top two percent. Next time, it’ll be the top fifty percent. And so on, and so on, until we’re taxing everyone – but spending so much that we still can’t meet our obligations.
Mister Speaker, let’s shift the focus of this debate from taxing to spending so that we can give the American people what they want; a strong economy and a guarantee that programs like Medicare and Social Security will remain intact for them.
“I yield back.”
____________
Thank you so much for your time. I know how valuable it is. I also appreciate the fine family that you have and your commitment as a father and a husband.
Sincerely,
Everette Hatcher III, 13900 Cottontail Lane, Alexander, AR 72002, ph 501-920-5733, lowcostsqueegees@yahoo.com
(Emailed to White House on 12-21-12.) President Obama c/o The White House 1600 Pennsylvania Avenue NW Washington, DC 20500 Dear Mr. President, I know that you receive 20,000 letters a day and that you actually read 10 of them every day. I really do respect you for trying to get a pulse on […]
(Emailed to White House on 12-21-12.) President Obama c/o The White House 1600 Pennsylvania Avenue NW Washington, DC 20500 Dear Mr. President, I know that you receive 20,000 letters a day and that you actually read 10 of them every day. I really do respect you for trying to get a pulse on what is […]
(Emailed to White House on 12-21-12) President Obama c/o The White House 1600 Pennsylvania Avenue NW Washington, DC 20500 Dear Mr. President, I know that you receive 20,000 letters a day and that you actually read 10 of them every day. I really do respect you for trying to get a pulse on what is […]
The federal government has a spending problem and Milton Friedman came up with the negative income tax to help poor people get out of the welfare trap. It seems that the government screws up about everything. Then why is President Obama wanting more taxes? _______________ Milton Friedman – The Negative Income Tax Published on […]
I was sad to read that the Speaker John Boehner has been involved in punishing tea party republicans. Actually I have written letters to several of these same tea party heroes telling them that I have emailed Boehner encouraging him to listen to them. Rep. David Schweikert (R-AZ),Justin Amash (R-MI), and Tim Huelskamp (R-KS). have been contacted […]
Michael Tanner of the Cato Institute in his article, “Hitting the Ceiling,” National Review Online, March 7, 2012 noted: After all, despite all the sturm und drang about spending cuts as part of last year’s debt-ceiling deal, federal spending not only increased from 2011 to 2012, it rose faster than inflation and population growth combined. […]
Michael Tanner of the Cato Institute in his article, “Hitting the Ceiling,” National Review Online, March 7, 2012 noted: After all, despite all the sturm und drang about spending cuts as part of last year’s debt-ceiling deal, federal spending not only increased from 2011 to 2012, it rose faster than inflation and population growth combined. […]
Some of the heroes are Mo Brooks, Martha Roby, Jeff Flake, Trent Franks, Duncan Hunter, Tom Mcclintock, Devin Nunes, Scott Tipton, Bill Posey, Steve Southerland and those others below in the following posts. THEY VOTED AGAINST THE DEBT CEILING INCREASE IN 2011 AND WE NEED THAT TYPE OF LEADERSHIP NOW SINCE PRESIDENT OBAMA HAS BEEN […]
I hated to see that Allen West may be on the way out. ABC News reported: Nov 7, 2012 7:20am What Happened to the Tea Party (and the Blue Dogs?) Some of the Republican Party‘s most controversial House members are clinging to narrow leads in races where only a few votes are left to count. […]
Rep Himes and Rep Schweikert Discuss the Debt and Budget Deal Michael Tanner of the Cato Institute in his article, “Hitting the Ceiling,” National Review Online, March 7, 2012 noted: After all, despite all the sturm und drang about spending cuts as part of last year’s debt-ceiling deal, federal spending not only increased from 2011 […]
Sometimes you just have to turn it over to the people and let them put the heat on the lawmakers. That is what Ronald Reagan meant when he said, “When you can’t make them see the light, make them feel the heat.”
“When you can’t make them see the light, make them feel the heat.”
President Ronald Reagan’s sound advice rang true yesterday. Grassroots activists and conservative groups, led by Heritage Action for America, derailed a plan to raise taxes on some Americans and small businesses.
Lacking votes from his own party, Speaker John Boehner (R-OH) called off consideration of “Plan B” last night, sending lawmakers home for Christmas instead. When the dust settled, conservatives stuck to their principles: to cut spending without raising taxes.
When they return to work, all eyes will be on President Obama and Senate Majority Leader Harry Reid (D-NV). Their failure to act has left the nation on the brink of the fiscal cliff.
It didn’t have to come to this. Nearly five months ago, on August 1, the House of Representatives voted to prevent a tax hike on all Americans. The measure passed on a 256-to-171 vote, winning the support of 19 Democrats.
Heritage’s Patrick Louis Knudsen, the Grover M. Hermann Fellow in Federal Budgetary Affairs, wrote last month about the Senate’s failure to act:
Although the House passed legislation this year replacing the across-the-board cuts with specific policy changes, the Senate refused to act, forcing any resolution to wait until after this year’s election. Now this large problem joins with other unresolved issues, such as the “doc fix” (extending Medicare physicians’ payment rates) and extended unemployment benefits—and another debt-ceiling increase looms early next year as well.
Reid could have brought the House-passed measure to the Senate for an open debate and vote. He could have instructed Senate Budget Chairman Kent Conrad (D-ND) to produce a budget. Instead, Reid did neither. The Senate has now gone 3 years, 7 months, and 22 days without a budget.
Boehner, who oversaw passage of Republican-drafted budgets in 2011 and 2012, was right to place blame on the Senate for failing to act:
Now it is up to the president to work with Senator Reid on legislation to avert the fiscal cliff. The House has already passed legislation to stop all of the January 1 tax rate increases and replace the sequester with responsible spending cuts that will begin to address our nation’s crippling debt. The Senate must now act.
Heritage Action, our sister organization, has urged lawmakers to remain true to their principles. Earlier this week at a Capitol Hill press conference, Heritage Action chief executive Michael Needham led a group of conservative leaders, including Representative Tim Huelskamp (R-KS), to voice opposition to a tax increase.
In a statement last night, Needham commended the House for acting months ago and urged Obama and Reid to “reject the political gimmicks and demonstrate that same level of seriousness.”
Throughout the fiscal cliff negotiations, Obama has demonstrated a lack of seriousness. Heritage’s Alison Acosta Fraser recounted earlier this week that Obama initially wanted an $800 billion tax increase, only to later double that demand to $1.5 trillion. His plan lacks any substantive spending cuts, insisting on tax hikes first. And to top it off, the more concessions Republicans have made, the more Obama wants to take from the American people.
Enough is enough.
Conservatives stood their ground last night and sent a powerful message. Now it’s time for lawmakers to take the “least repugnant remaining resolution to the fiscal cliff,” as Heritage’s J.D. Foster wrote earlier this week, and pass a temporary measure that extends all tax rates and all spending policy without sequestration cuts through March 31, 2013.
That’s the best possible outcome in this unfortunate situation.
__________
It is obvious to me that if President Obama gets his hands on more money then he will continue to spend away our children’s future. He has already taken the national debt from 11 trillion to 16 trillion in just 4 years. Over, and over, and over, and over, and over and over I have written Speaker Boehner and the Congressmen (Griffin, Womack, Crawford) in Arkansas concerning this. I am hoping they will stand up against this reckless spending that our federal government has done and will continue to do if given the chance.
Back in 1980 Ronald Reagan was elected during a time where the economy of the USA was about what it is now. How did he get the economy to grow? He listened to his old friend Milton Friedman and he put in conservative principles to slow the growth of spending and he cut taxes.
We need to pass a Balanced Budget Amendment!!!! It is obvious to me that if President Obama gets his hands on more money then he will continue to spend away our children’s future. He has already taken the national debt from 11 trillion to 20 trillion in just 7 years. Over, and over, and over, and over, and over and over I have written Speaker Boehner and the Congressmen (Griffin, Womack, Crawford) in Arkansas concerning this. I am hoping they will stand up against this reckless spending that our federal government has done and will continue to do if given the chance.
Mark Levin “I feel that we can do great things.” Mark is excited by the proposed Balanced Budget Amendment. He states that this would be a great thing for America to pass. He believes the Balanced Budget Amendment will help bring the nation back to it’s Constitutional roots. Mark explains what the amendment is and how it will work. In his February 1983 classic essay, Nobel Prize-winning economist Milton Friedman gives his opinion on a balanced budget amendment that requires a super majority to raise taxes. Friedman states, “The purpose of the balanced-budget-and-tax-limitation amendment is to limit the government in order to free the people—this time from excessive taxation. Its passage would go a long way to remedy the defect that has developed in our budgetary process.” Part #1 3-25-2011
___________________
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Mark Levin and Senator Hatch discuss the balanced budget amendment and it’s importance.
Mark Levin interviews Senator Hatch 1/27/2011 about the balanced budget amendment. Mark is very excited about the balanced budget amendment being proposed by Senator Orin Hatch and John Cornyn and he discusses the amendment with Senator Hatch. Senator Hatch explains the bill it’s ramifications and limitations. Senator Hatch actually worked on this bill with renowned economist Milton Friedman. This ammendment is the first big step in saving our country.
Office of the Majority Whip | Balanced Budget Amendment Video
In 1995, Congress nearly passed a constitutional amendment mandating a balanced budget. The Balanced Budget Amendment would have forced the federal government to live within its means. This Balanced Budget Amendment failed by one vote. 16 years later, Congress has the chance to get it right. Our time is now.
________ Dan Mitchell quotes from Milton Friedman video on his blog!!! Wise Words on Regulation and Consumer Freedom from Milton Friedman December 26, 2014 by Dan Mitchell It’s time to correct a sin of omission. In five-plus years of blogging, I haven’t given nearly enough attention to the wisdom of the late (and great) Milton Friedman. […]
Milton Friedman’s FREE TO CHOOSE “How to Stay Free,” Transcript and Video (60 Minutes) In 1980 I read the book FREE TO CHOOSE by Milton Friedman and it really enlightened me a tremendous amount. I suggest checking out these episodes and transcripts of Milton Friedman’s film series FREE TO CHOOSE: “The Failure of Socialism” and “The Anatomy […]
Milton Friedman’s FREE TO CHOOSE “How to cure inflation” Transcript and Video (60 Minutes) In 1980 I read the book FREE TO CHOOSE by Milton Friedman and it really enlightened me a tremendous amount. I suggest checking out these episodes and transcripts of Milton Friedman’s film series FREE TO CHOOSE: “The Failure of Socialism” and “What is wrong […]
Milton Friedman’s FREE TO CHOOSE “Who protects the consumer?” Transcript and Video (60 Minutes) In 1980 I read the book FREE TO CHOOSE by Milton Friedman and it really enlightened me a tremendous amount. I suggest checking out these episodes and transcripts of Milton Friedman’s film series FREE TO CHOOSE: “The Failure of Socialism” and “What is wrong […]
Milton Friedman’s FREE TO CHOOSE “The Tyranny of Control” Transcript and Video (60 Minutes) In 1980 I read the book FREE TO CHOOSE by Milton Friedman and it really enlightened me a tremendous amount. I suggest checking out these episodes and transcripts of Milton Friedman’s film series FREE TO CHOOSE: “The Failure of Socialism” and […]
We got to give Milton Friedman’s voucher system a chance!!! Happy Birthday, Milton Friedman: Champion of Educational Freedom Brittany Corona July 31, 2013 at 11:30 am Newscom On the late, great, Nobel Prize–winning economist Milton Friedman’s 101st birthday, it is fitting to remember his legacy of school choice and continue the fight for educational opportunity […]
Milton Friedman – School Choice Professor Friedman spells out his recipe for fixing America’s broken educational system. http://www.LibertyPen.com Milton Friedman at 101: We Need His Ideas Now More Than Ever Anthony B. Kim July 31, 2013 at 3:49 pm Anthony B. Kim July 31, 2013 at 3:49 pm Free-market economics meets free-market policies at The […]
U2’s Bono Speaks at GU Global Social Enterprise Event Published on Nov 13, 2012 Musician and activist Bono spoke to more than 700 Georgetown students and leaders in the corporate, nonprofit and political sectors on Nov. 12 at an event hosted by the Global Social Enterprise Initiative (GSEI) at Georgetown’s McDonough School of Business. ______________________________ […]
In 1980 I read the book FREE TO CHOOSE by Milton Friedman and it really enlightened me a tremendous amount. I suggest checking out these episodes and transcripts of Milton Friedman’s film series FREE TO CHOOSE: “The Failure of Socialism” and “What is wrong with our schools?” and “Created Equal” and From Cradle to Grave, […]
In 1980 I read the book FREE TO CHOOSE by Milton Friedman and it really enlightened me a tremendous amount. I suggest checking out these episodes and transcripts of Milton Friedman’s film series FREE TO CHOOSE: “The Failure of Socialism” and “What is wrong with our schools?” and “Created Equal” and From Cradle to Grave, […]
No one could communicate better than Milton Friedman the principles of freedom and liberty. When taxes are raised then it cuts down our freedom. I am hoping the Republicans will stand up to President Obama on this issue of the fiscal cliff and raising the debt limit.
But I admit there’s lots of guessing and speculation in those sentences.
There is one thing, however, that I can say with complete confidence. We don’t need a tax increase to balance the budget. We can get rid of red ink in just 10 years simply restraining spending so that it grows by only 2.5 percent per year.
P.P.S. I was glad to have an opportunity in the interview to defend Robin Hood’s reputation. As I’ve explained, he was a Tea Party guy, helping to reclaim and return money that was taken by the tax collectors of Prince John and the Sheriff of Nottingham. Here’s another Ken Catalino cartoon that sort of makes this point.
P.P.P.S. This is my second attempt at creating a video in the absence of the Cato expert. There’s a hiccup around the 2:25 mark, but I think the picture quality is much better than my first effort.
P.P.P.P.S. If you like the red jacket, previous attempts to be on the cutting edge of fashion can be seen here and here.
I have been writing letters to President Obama almost all of 2012. I have received several responses from the White House but none of the responses have been personal responses from the President.
Below is a letter I wrote to the President and a form letter response that I got followed by links to other letters I have written him.
Science Matters #2: Former supermodel Kathy Ireland tells Mike Huckabee about how she became pro-life after reading what the science books have to say.
President Obama c/o The White House
1600 Pennsylvania Avenue NW
Washington, DC 20500
I wanted to talk to you today about your views on abortion. Everyone remembers Kathy Ireland from her Sports Illustrated days and actually she has became a very successful business person. However, I wanted to talk about her pro-life views.
_____________
Back on April 27, 2009 Fox News ran a story by Hollie McKay(“Supermodel Kathy Ireland Lashes Out Against Pro Choice,”) on Ireland.
It’s no secret that the majority of Hollywood stars are strong advocates for a woman’s right to choose whether or not she wants to terminate a pregnancy, however former “Sports Illustrated” supermodel-turned-entrepreneur-turned-author Kathy Ireland has gone against the grain of the glitterati and spoken out against abortion.
“My entire life I was pro-choice — who was I to tell another woman what she could or couldn’t do with her body? But when I was 18, I became a Christian and I dove into the medical books, I dove into science,” Ireland told Tarts while promoting her insightful new book “Real Solutions for Busy Mom: Your Guide to Success and Sanity.”
“What I read was astounding and I learned that at the moment of conception a new life comes into being. The complete genetic blueprint is there, the DNA is determined, the blood type is determined, the sex is determined, the unique set of fingerprints that nobody has had or ever will have is already there.”
However Ireland admitted that she did everything she could to avoid becoming a believer in pro-life.
“I called Planned Parenthood and begged them to give me their best argument and all they could come up with that it is really just a clump of cells and if you get it early enough it doesn’t even look like a baby. Well, we’re all clumps of cells and the unborn does not look like a baby the same way the baby does not look like a teenager, a teenager does not look like a senior citizen. That unborn baby looks exactly the way human beings are supposed to look at that stage of development. It doesn’t suddenly become a human being at a certain point in time,” Ireland argued. “I’ve also asked leading scientists across our country to please show me some shred of evidence that the unborn is not a human being. I didn’t want to be pro-life, but this is not a woman’s rights issue but a human rights issue.”
My good friend Dr. Kevin R. Henke is a scientist and also an atheistic evolutionist. I had a lot of discussions with Kevin over religious views. I remember going over John 7:17 with him one day. It says:
John 7:17 (Amplified Bible)
17If any man desires to do His will (God’s pleasure), he will know (have the needed illumination to recognize, and can tell for himself) whether the teaching is from God or whether I am speaking from Myself and of My own accord and on My own authority.
I challenged Kevin to read a chapter a day of the Book of John and pray to God and ask God, “Dear God, if you are there then reveal yourself to me, and I pledge to serve you the rest of my life.”
Kevin did that and he even wrote down the thoughts that came to his mind and sent it to me and these thoughts filled a notebook.
Kevin did not become a Christian, but I am still praying for him. I do respect Kevin because he is an honest man. Interestingly enough he told me that he was pro-life because the unborn baby has all the genetic code at the time of conception that they will have for the rest of their life. Below are some other comments by other scientists:
Dr. Hymie Gordon (Mayo Clinic): “By all criteria of modern molecular biology, life is present from the moment of conception.”
Dr. Micheline Matthews-Roth (Harvard University Medical School): “It is scientifically correct to say that an individual human life begins at conception.”
Dr. Alfred Bongioanni (University of Pennsylvania): “I have learned from my earliest medical education that human life begins at the time of conception.”
Dr. Jerome LeJeune, “the Father of Modern Genetics” (University of Descartes, Paris): “To accept the fact that after fertilization has taken place a new human has come into being is no longer a matter of taste or opinion . . . it is plain experimental evidence.”
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Thank you so much for your time. I know how valuable it is. I also appreciate the fine family that you have and your committment as a father and a husband.
Sincerely,
Everette Hatcher III, 13900 Cottontail Lane, Alexander, AR 72002, ph 501-920-5733, lowcostsqueegees@yahoo.com
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I actually mailed this to President Obama about a week ago and got this email back:
April 16, 2012
Dear Everette:
Thank you for taking the time to share your views on abortion. This is a heart-wrenching issue, and I appreciate your input and thoughts.
I am committed to making my Administration the most open and transparent in history, and part of delivering on that promise is hearing from people like you. I take seriously your opinions and respect your point of view on this issue. Please know that your concerns will be on my mind in the days ahead.
Thank you, again, for writing. I encourage you to visit www.WhiteHouse.gov to learn more about my Administration or to contact me in the future.
Leader Cantor On CNN Responding To President Obama’s State of the Union Address Uploaded by EricCantor on Jan 25, 2012 ______________ President Obama c/o The White House 1600 Pennsylvania Avenue NW Washington, DC 20500 Dear Mr. President, I know that you receive 20,000 letters a day and that you actually read 10 of them every day. I […]
I have been writing President Obama letters and have not received a personal response yet. (He reads 10 letters a day personally and responds to each of them.) However, I did receive a form letter in the form of an email on March 7, 2011. I don’t know which letter of mine generated this response so I have […]
Liam Fox Issues a Warning to America Uploaded by HeritageFoundation on Feb 28, 2012 Britain’s Liam Fox has a warning for America: Fix the debt problem now or suffer the consequences of less power on the world stage. The former U.K. secretary of state for defense visited Heritage to explain why the America’s debt is […]
I have been writing President Obama letters and have not received a personal response yet. (He reads 10 letters a day personally and responds to each of them.) However, I did receive a form letter in the form of an email on January 27, 2011. I don’t know which letter of mine generated this response so I have […]
I have been writing President Obama letters and have not received a personal response yet. (He reads 10 letters a day personally and responds to each of them.) However, I did receive a form letter in the form of an email on January 25, 2011. I don’t know which letter of mine generated this response so I have […]
An open letter to President Obama (Part 48 of my response to State of Union Speech 1-24-12) Rep Michael Burgess response Uploaded by MichaelCBurgessMD on Jan 25, 2012 This week Dr. Burgess provides an update from Washington and responds to President Obama’s State of the Union address. President Obama’s state of the union speech Jan 24, 2012 […]
Corker Says President’s 2012 Budget Proposal Shows “Lack of Urgency” on Spending Uploaded by senatorcorker on Feb 14, 2011 In remarks on the Senate floor today, U.S. Senator Bob Corker, R-Tenn., expressed disappointment in President Obama’s 2012 budget proposal, saying it displayed a “lack of urgency” to get federal spending under control. Corker has introduced […]
President Obama’s state of the union speech Jan 24, 2012 Feb 6, 2012 President Obama c/o The White House 1600 Pennsylvania Avenue NW Washington, DC 20500 Dear Mr. President, I know that you receive 20,000 letters a day and that you actually read 10 of them every day. I really do respect you for trying […]
January 25, 2012 President Obama c/o The White House 1600 Pennsylvania Avenue NW Washington, DC 20500 Dear Mr. President, I know that you receive 20,000 letters a day and that you actually read 10 of them every day. I really do respect you for trying to get a pulse on what is going on […]
Does Government Have a Revenue or Spending Problem?
People say the government has a debt problem. Debt is caused by deficits, which is the difference between what the government collects in tax revenue and the amount of government spending. Every time the government runs a deficit, the government debt increases. So what’s to blame: too much spending, or too little tax revenue? Economics professor Antony Davies examines the data and concludes that the root cause of the debt is too much government spending.
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When you try and tax and spend too much then the business community will try and relocate to another state. That is exactly what is happening in California today. We need to lower taxes if we want to grow the economy.
Hopefully we’re all disgusted when insiders rig the system to rip off taxpayers. And I suspect you’re not surprised to see that the worst example on that list comes from California, which is in a race with Illinois to see which state can become the Greece of America.
The numbers are even larger in California, where a state psychiatrist was paid $822,000, a highway patrol officer collected $484,000 in pay and pension benefits and 17 employees got checks of more than $200,000 for unused vacation and leave. The best-paid staff in other states earned far less for the same work, according to the data.
Wow, $822,000 for a state psychiatrist. Not bad for government work. So what is Governor Jerry Brown doing to fix the mess? As you might expect, he’s part of the problem.
…the state’s highest-paid employees make far more than comparable workers elsewhere in almost all job and wage categories, from public safety to health care, base pay to overtime. …California has set a pattern of lax management, inefficient operations and out-of-control costs. …In California, Governor Jerry Brown hasn’t curbed overtime expenses that lead the 12 largest states or limited payments for accumulated vacation time that allowed one employee to collect $609,000 at retirement in 2011. …Last year, Brown waived a cap on accrued leave for prison guards while granting them additional paid days off. California’s liability for the unused leave of its state workers has more than doubled in eight years, to $3.9 billion in 2011, from $1.4 billion in 2003, according to the state’s annual financial reports. …The per-worker costs of delivering services in California vastly exceed those even in New York, New Jersey, Illinois and Ohio.
I suppose the silver lining to that dark cloud is that many bureaucrats now rank as part of the top 1 percent, so they’ll have to recycle some of their loot back to the political vultures in Sacramento.
But the biggest impact of the tax hike – as shown in the Ramirez cartoon – will be to accelerate the shift of entrepreneurs, investors, and small business owners to states that don’t steal as much. Indeed, a study from the Manhattan Institute looks at the exodus to lower-tax states.
The data also reveal the motives that drive individuals and businesses to leave California. One of these, of course, is work. …Taxation also appears to be a factor, especially as it contributes to the business climate and, in turn, jobs. Most of the destination states favored by Californians have lower taxes. States that have gained the most at California’s expense are rated as having better business climates. The data suggest that many cost drivers—taxes, regulations, the high price of housing and commercial real estate, costly electricity, union power, and high labor costs—are prompting businesses to locate outside California, thus helping to drive the exodus.
Mr. President I have written you over and over and quoted Milton Friedman so many times. He helped Ronald Reagan get the economy going back in the early 1980’s when it was sluggish like it is now. This Friedman fellow was a very a wise man indeed. For instance, Milton Friedman said that getting George Bush I to be his vice president was Reagan’s biggest mistake because he knew that Bush was not a true conservative and sure enough George Bush did raise taxes when he later became President. Below is a speech by George W. Bush honoring Milton Friedman:
Milton Friedman Honored for Lifetime Achievements 2002/5/9
William Buckley is pictured sitting down watching Milton Friedman speak on the tv set. Both men were friends of Ronald Reagan who cut taxes in the early 198o’s which caused a great period of economic growth in the USA.
How Raising Taxes Will Not Balance the Budget: More Evidence
Published on Nov 15, 2012
Although it may seem counterintuitive, raising taxes on the rich does not actually increase the amount of taxes the government collects. How could this possibly be the case? According to Professor Antony Davies, it is because the many loopholes in federal income taxes, capital gains taxes, and many other taxes, enable people to partially avoid these taxes. Perhaps instead of discussing how to raise tax revenues, we should spend our energy simplifying the tax code. This would make it more difficult for people to avoid taxes and, Davies says, “The less time and money we spend trying to work around a complex tax code, the more time and money we will have available to put to more productive uses.”
Do you think that the tax code is too complicated? Let us know in the comments!
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Tea Party favorite Congressman Trenk Franks shared a link on facebook on Dec 13, 2012.
Wall Street Journal:
December 11, 2012, 6:47 p.m. ET
Prescott and Ohanian: Taxes Are Much Higher Than You Think
The combined levies on labor income and consumer spending have seriously reduced the hours that Europeans work. The U.S. isn’t too far behind.
President Obama argues that the election gave him a mandate to raise taxes on high earners, and the White House indicates that he won’t compromise on this issue as the so-called fiscal cliff approaches.
But tax rates are already high—much higher than is commonly understood—and increasing them will likely further depress the economy, especially by affecting the number of hours Americans work.
Taking into account all taxes on earnings and consumer spending—including federal, state and local income taxes, Social Security and Medicare payroll taxes, excise taxes, and state and local sales taxes—Edward Prescott has shown (especially in the Quarterly Review of the Federal Reserve Bank of Minneapolis, 2004) that the U.S. average marginal effective tax rate is around 40%. This means that if the average worker earns $100 from additional output, he will be able to consume only an additional $60.
Research by others (including Lee Ohanian, Andrea Raffo and Richard Rogerson in the Journal of Monetary Economics, 2008, and Edward Prescott in the American Economic Review, 2002) indicates that raising tax rates further will significantly reduce U.S. economic activity and by implication will increase tax revenues only a little.
High tax rates—on both labor income and consumption—reduce the incentive to work by making consumption more expensive relative to leisure, for example. The incentive to produce goods for the market is particularly depressed when tax revenue is returned to households either as government transfers or transfers-in-kind—such as public schooling, police and fire protection, food stamps, and health care—that substitute for private consumption.
In the 1950s, when European tax rates were low, many Western Europeans, including the French and the Germans, worked more hours per capita than did Americans. Over time, tax rates that affect earnings and consumption rose substantially in much of Western Europe. Over the decades, these have accounted for much of the nearly 30% decline in work hours in several European countries—to 1,000 hours per adult per year today from around 1,400 in the 1950s.
Changes in tax rates are also important in accounting for the increase in the number of hours worked in the Netherlands in the late 1980s, following the enactment of lower marginal income-tax rates.
In Japan, the tax rate on earnings and consumption is about the same as it is in the U.S., and the average Japanese worker in 2007 (the last nonrecession year) worked 1,363 hours—or about the same as the 1,336 worked by the average American.
All this has major implications for the U.S. Consider California, which just enacted higher rates of income and sales tax. The top California income-tax rate will be 13.3%, and the top sales-tax rate in some areas may rise as high as 10%. Combine these state taxes with a top combined federal rate of 44%, plus federal excise taxes, and the combined marginal tax rate for the highest California earners is likely to be around 60%—as high as in France, Germany and Italy.
Higher labor-income and consumption taxes also have consequences for entrepreneurship and risk-taking. A key factor driving U.S. economic growth has been the remarkable impact of entrepreneurs such as Bill Gates of Microsoft, MSFT +1.38% Steve Jobs of Apple, Fred Smith of FedExFDX +1.60% and others who took substantial risk to implement new ideas, directly and indirectly creating new economic sectors and millions of new jobs.
Entrepreneurship is much lower in Europe, suggesting that high tax rates and poorly designed regulation discourage new business creation. The Economist reports that between 1976 and 2007 only one continental European startup, Norway’s Renewable Energy Corporation, achieved a level of success comparable to that of Microsoft, Apple and other U.S. giants making the Financial Times Index of the world’s 500 largest companies.
U.S. growth is currently weak, and overall output is 13.5% lower than what it would be had we continued on the pre-2008 trend.
The economy now faces two serious risks: the risk of higher marginal tax rates that will depress the number of hours of work, and the risk of continuing policies such as Dodd-Frank, bailouts, and subsidies to specific industries and technologies that depress productivity growth by protecting inefficient producers and restricting the flow of resources to the most productive users.
If these two risks are realized, the U.S. will face a much more serious problem than a 2013 recession. It will face a permanent and growing decline in relative living standards.
These risks loom as the level of U.S. economic activity gradually moves closer to that of the 1930s, when for a decade during the Great Depression output per working-age person declined by nearly 25% relative to trend. The last two quarters of GDP growth—1.3% and 2.7%—have been below trend, which means the U.S. economy is continuing to sink relative to its historical trend.
We have lost more than three years of growth since 2007, and our underachievement will continue unless pro-productivity policies are adopted and marginal tax rates are stabilized or lowered to prevent a decrease in work effort across the board. That means lifting crushing regulatory burdens such as those imposed by Dodd-Frank, and it means reforming immigration policies so that we can substantially increase our base of entrepreneurs by attracting the best and brightest creators from other countries.
Economic growth requires new ideas and new businesses, which in turn require a large group of talented young workers who are willing to take on the considerable risk of starting a business. This requires undoing the impediments that stand in the way of creating new economic activity—and increasing the after-tax returns to succeeding.
Mr. Prescott, co-winner of the 2004 Nobel Prize in Economics, is director of the Center for the Advanced Study in Economic Efficiency at Arizona State University. Mr. Ohanian, the associate director of the center, is a professor of economics at UCLA and a senior fellow at Stanford University’s Hoover Institution.
A version of this article appeared December 11, 2012, on page A19 in the U.S. edition of The Wall Street Journal, with the headline: Taxes Are Much Higher Than You Think.
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____________
Thank you so much for your time. I know how valuable it is. I also appreciate the fine family that you have and your commitment as a father and a husband.
Sincerely,
Everette Hatcher III, 13900 Cottontail Lane, Alexander, AR 72002, ph 501-920-5733, lowcostsqueegees@yahoo.com
(Emailed to White House on 12-21-12.) President Obama c/o The White House 1600 Pennsylvania Avenue NW Washington, DC 20500 Dear Mr. President, I know that you receive 20,000 letters a day and that you actually read 10 of them every day. I really do respect you for trying to get a pulse on […]
(Emailed to White House on 12-21-12.) President Obama c/o The White House 1600 Pennsylvania Avenue NW Washington, DC 20500 Dear Mr. President, I know that you receive 20,000 letters a day and that you actually read 10 of them every day. I really do respect you for trying to get a pulse on what is […]
(Emailed to White House on 12-21-12) President Obama c/o The White House 1600 Pennsylvania Avenue NW Washington, DC 20500 Dear Mr. President, I know that you receive 20,000 letters a day and that you actually read 10 of them every day. I really do respect you for trying to get a pulse on what is […]
The federal government has a spending problem and Milton Friedman came up with the negative income tax to help poor people get out of the welfare trap. It seems that the government screws up about everything. Then why is President Obama wanting more taxes? _______________ Milton Friedman – The Negative Income Tax Published on […]
I was sad to read that the Speaker John Boehner has been involved in punishing tea party republicans. Actually I have written letters to several of these same tea party heroes telling them that I have emailed Boehner encouraging him to listen to them. Rep. David Schweikert (R-AZ),Justin Amash (R-MI), and Tim Huelskamp (R-KS). have been contacted […]
Michael Tanner of the Cato Institute in his article, “Hitting the Ceiling,” National Review Online, March 7, 2012 noted: After all, despite all the sturm und drang about spending cuts as part of last year’s debt-ceiling deal, federal spending not only increased from 2011 to 2012, it rose faster than inflation and population growth combined. […]
Back in 1980 Ronald Reagan was elected during a time where the economy of the USA was about what it is now. How did he get the economy to grow? He listened to his old friend Milton Friedman and he put in conservative principles to slow the growth of spending and he cut taxes.
Great article below by Representative Tom McClintock on what we should do now.
Congressman Tom McClintock
House Chamber, Washington, D.C.
December 12, 2012
Mr. Speaker:
To understand the federal budget mess and the so-called fiscal cliff, it’s important to remember three numbers: 39, 37 and 64.
Thirty nine percent is the combined increase of inflation and population over the last ten years. Thirty nine percent.
Thirty seven percent is the increase in revenues during the same period. That’s despite the recession and tax cuts. Not quite keeping pace, but pretty close.
Sixty four is what’s killing us. Sixty four percent is the increase in federal spending in that period. That’s nearly twice the rate of inflation and population over the last ten years.
The spending side of the fiscal cliff is the so-called sequester: automatic cuts in federal spending. To hear some tell it, these cuts will mean the end of western civilization.
Hardly. After a 64 percent increase in expenditures this decade, the sequester doesn’t actually cut spending at all: it simply limits spending growth next year to about a half a percent.
I opposed the budget deal that created the sequester last year because it fell woefully short of what Standard and Poors clearly warned was necessary to preserve the nation’s triple-A credit rating. Sadly, that fear was born out. But now, the sequester is all we have.
It’s true that defense takes the brunt of it, but does our defense spending today really need to be higher – inflation adjusted — than it was at the height of the Vietnam War, when we faced down the Soviet Union and had 500,000 combat troops in the field?
The sequester isn’t stepping off a cliff – it’s taking one step back from the cliff.
The tax increases, however, are a different matter. Without intervention, the federal tax burden will balloon 21 percent at the stroke of midnight on New Year’s Eve, taking somewhere between two and three thousand dollars from an average family. This summer, the House passed legislation to protect our nation from such a calamity, but Mr. Obama vowed to veto it and the Senate blocked it.
Instead, Mr. Obama tells us that he will veto any plan that keeps taxes from going up on those very wealthy folks making over $200,000, who, he says, need to pay their fair share.
(I suppose fairness is in the eye of the beholder. The top one percent earns 17 percent of all income but pays 37 percent of all income taxes. But that’s beside the point).
The fine point of it is that a lot of those very wealthy folks making over $200,000 aren’t very wealthy and they aren’t even folks: they’re 1.3 million struggling small businesses filing under sub-chapter S. Our small businesses produce two-thirds of the new jobs in our economy.
This battle IS very much FOR the middle class. The Congressional Budget Office estimates that Mr. Obama’s tax increase on the so-called wealthy will actually throw some 200,000 middle and working class families into unemployment. Two hundred thousand. And that’s the optimistic estimate. An independent analysis by Ernst and Young puts that figure at closer to 700,000 lost jobs.
That’s because the President’s taxes would slam 84 percent of net small business income – that’s precisely the income used to support and expand the labor force.
In their blind pursuit of an “eat the rich” ideology, Mr. Obama and his acolytes are imposing a policy that would utterly devastate hundreds of thousands of middle class families who depend on the jobs these small businesses provide.
And for what? To wring enough money to fund Mr. Obama’s spending spree for a grand total of eight days. It’s telling that three-fourths of the new taxes he has proposed would be used to finance the new spending that he has also proposed.
Republicans don’t want to see taxes go up on anyone, period. We don’t want to see this government willfully throw hundreds of thousands of Americans out of work by this policy.
The President obviously believes that in the 11th hour, Republicans will have no choice but ultimately to protect as many taxpayers as we possibly can, since the only alternative will be tax increases on everyone, including the job creators. He may be right.
But that would mean a bleak and bitter new year for all those families who will watch helplessly as their jobs evaporate before their eyes.
Let us pray the President has a change of heart before setting this calamity in motion.
__________
Does Government Have a Revenue or Spending Problem?
People say the government has a debt problem. Debt is caused by deficits, which is the difference between what the government collects in tax revenue and the amount of government spending. Every time the government runs a deficit, the government debt increases. So what’s to blame: too much spending, or too little tax revenue? Economics professor Antony Davies examines the data and concludes that the root cause of the debt is too much government spending.
___________
Thank you so much for your time. I know how valuable it is. I also appreciate the fine family that you have and your commitment as a father and a husband.
Sincerely,
Everette Hatcher III, 13900 Cottontail Lane, Alexander, AR 72002, ph 501-920-5733, lowcostsqueegees@yahoo.com
(Emailed to White House on 12-21-12.) President Obama c/o The White House 1600 Pennsylvania Avenue NW Washington, DC 20500 Dear Mr. President, I know that you receive 20,000 letters a day and that you actually read 10 of them every day. I really do respect you for trying to get a pulse on […]
(Emailed to White House on 12-21-12.) President Obama c/o The White House 1600 Pennsylvania Avenue NW Washington, DC 20500 Dear Mr. President, I know that you receive 20,000 letters a day and that you actually read 10 of them every day. I really do respect you for trying to get a pulse on what is […]
(Emailed to White House on 12-21-12) President Obama c/o The White House 1600 Pennsylvania Avenue NW Washington, DC 20500 Dear Mr. President, I know that you receive 20,000 letters a day and that you actually read 10 of them every day. I really do respect you for trying to get a pulse on what is […]
The federal government has a spending problem and Milton Friedman came up with the negative income tax to help poor people get out of the welfare trap. It seems that the government screws up about everything. Then why is President Obama wanting more taxes? _______________ Milton Friedman – The Negative Income Tax Published on […]
I was sad to read that the Speaker John Boehner has been involved in punishing tea party republicans. Actually I have written letters to several of these same tea party heroes telling them that I have emailed Boehner encouraging him to listen to them. Rep. David Schweikert (R-AZ),Justin Amash (R-MI), and Tim Huelskamp (R-KS). have been contacted […]
Michael Tanner of the Cato Institute in his article, “Hitting the Ceiling,” National Review Online, March 7, 2012 noted: After all, despite all the sturm und drang about spending cuts as part of last year’s debt-ceiling deal, federal spending not only increased from 2011 to 2012, it rose faster than inflation and population growth combined. […]
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