Month: May 2015

Bernie Sanders’ Socialism In One Lesson

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By Michael J Hurd – Re-Blogged From Capitalism Magaine

Socialist and Democratic candidate for President Bernie Sanders:

You can’t just continue growth for the sake of growth in a world in which we are struggling with climate change and all kinds of environmental problems. All right? You don’t necessarily need a choice of 23 underarm spray deodorants or of 18 different pairs of sneakers when children are hungry in this country. I don’t think the media appreciates the kind of stress that ordinary Americans are working on. [Source: cnbc.com 5/26/15]

Do you like Sanders’ statement, or do you find it foolish and absurd? If you find it foolish and absurd, can you say why?

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The bad and the bad of US corporate income taxes

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– Re-Blogged From The American Enterprise Institute

There are many good reasons to undertake corporate tax reform this year. Politicians from both sides of the aisle have declared support for cutting the headline corporate tax rate and recouping the lost revenue through a broadening of the tax base. President Obama’s budget for fiscal year 2016 calls for a cut in the corporate tax rate from 35 to 28 percent (with a special rate of 25 percent for manufacturing). Former Ways and Means Chairman David Camp’s tax reform proposal from last year called for a cut in the rate to 25 percent. The recent Rubio-Lee proposal would similarly cut the rate to 25 percent. There is even speculation that Paul Ryan and President Obama may be working on a deal to cut headline rates this year. Here’s why we need to get this done.

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Investing’s Great Struggle

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By Adam Hamilton – Re-Blogged From http://www.Gold-Eagle.com

The great endeavor of investing can be distilled down into four simple words, buy low sell high.  They are so basic, so resoundingly clear, that even a child can understand this principle.  Yet still the great majority of investors never achieve significant success.  Even while full-well knowing the core idea of investing, they end up buying high and selling low.  That treacherous struggle of investing must be overcome.

It’s funny, as life is full of simple ideas that are incredibly challenging to put into practice.  Investing is certainly not unique in this regard.  Americans’ expanding waistlines are a great example.  The only way to lean up is some combination of eating less and exercising more.  We all know this basic truth, we all know what we ought to be doing on both fronts, yet it’s still really hard to execute.  Emotions are the reason.

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More Outlets Are Suggesting A Carry Tax On Physical Cash

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By Graham Summers – Re-Blogged From http://www.Gold-Eagle.com

A Carry Tax… or tax on physical currency… is coming.

The Fed and other Central Banks literally took the nuclear option in dealing with the 2008 bust. Collectively, they’ve printed over $11 trillion and have cut interest rates to zero for nearly six years.

All of these efforts were focused on driving in trashing cash and forcing investors/ depositors into risk assets.

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EPA Busted for Ideology

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By James Sawhill – Re-Blogged From http://www.WattsUpWithThat.com

The EPA’s attempt to harness new coal-fired power plant constructions has been exposed as ideological rather than legal. The EPA further ignored the Department of Energy’s (DOE) earlier conclusion that carbon capture and storage (CCS) has not been “adequately demonstrated.”

Thanks to commentary from The Energy and Environment Legal Institute (E&E Legal) the EPA has been forced to retreat from their draft rule. That rule would mandate the use of CCS, a process that would inter carbon dioxide underground which has so far proved to be little more than a thought experiment.

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Soros Warns On “Threshold Of A Third World War”

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By Mark O’Byrne – Re-Blogged From http://www.Gold-Eagle.com

– War “inevitable” if U.S. meddles in South China Sea – Global Times
– Senior NATO official warns that “we’ll probably be at war this summer”
– Soros warns of ‘New World Order’ and war with China
– Soros warns could be “on the threshold of a Third World War”
– Many countries in Pacific lay claim to strategically important and mineral rich islands
– Tensions between U.S. and China and Russia escalating
– War would have many facets including cyber-warfare and currency wars

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The green plan to make Capitalism cruel

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By Eric Worrall – Re-Blogged From http://www.WattsUpWithThat.com

A regular green claim is that, for the sake of the planet, we can’t afford any more economic growth. How many times have you heard something like the following:

The other tough reality demanding more honest business reflection is the incompatibility of further, orthodox economic growth in the OECD with the 2C target. The structure of markets relying on the shareholder model also demands that companies must grow. But the best analysis available suggests that growth in OECD countries cannot be squared with halting warming at 2C, 3C or even 4C.

Where are the companies brave enough to even ask the question of what the optimal size of a company might be, after which it should grow no further, and how that company should be governed and function with regard to investors?

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