The Tax Foundation presents the 2011 version of the State Business Tax Climate Index (SBTCI) as a tool for lawmakers, the media, and individuals alike to gauge how their states' tax systems compare. Policymakers can use the SBTCI to pinpoint changes to their tax systems that will explicitly improve their states' standing in relation to competing states.
Is it worth spending so much time and money getting a college degree? Zappos CEO Tony Hsieh tells us that aspiring entrepreneurs should just skip college and business school to start a business.
Hsieh, a successful entrepreneur himself, goes on to say that you would still learn more from a failed business venture than you would in school.
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Voters overwhelmingly prefer a free market economy to an economy managed by the government and think government economic control helps big businesses at the expense of small ones.
A new Rasmussen Reports national telephone survey finds that 75% of Likely U.S. Voters think a free market economy is better than an economy managed by the government. That's up five points from December 2008 following Barack Obama's election as president but consistent with findings in surveys sinc... (more)
Inflation fears are heating up this week as Fed Chairman Ben Bernanke gave a speech in Boston on Friday, causing further frantic flight into gold by those fearful of the coming “quantitative easing” the Fed is set to deliver in November. Others who view gold as a short-term investment engaged in immediate profit-taking after Bernanke's speech.
Gold is more correctly viewed as insurance against bad monetary policy decisions that erode the value of savings. Those ba... (more)
I thought I had seen and heard it all after the ludicrous Ben Bernanke, asinine chairman of the Federal Reserve, announced that the official (and thus a lie!) 2% inflation in prices was too, too low, and he wanted higher inflation because, somehow, in some weird little fantasy world that only he and other neo-Keynesian econometric cyber-nerds can see, higher inflation is “consistent with the mandate of the Fed” to achieve stable prices (zero inflation)! Hahahaha!
For the second time since he became chairman in 2006, Ben S. Bernanke is leading the Federal Reserve into uncharted monetary territory.
Bernanke next week is likely to preside over a decision to launch another round of large-scale asset purchases after deploying $1.7 trillion to pull the economy out of the financial crisis, comments from policy makers over the past week indicate. This time, with interest rates already near zero, the Fed will be aiming to increase the rate of infl... (more)
The American people are experiencing financial death by a thousand cuts and most of them don't even realize it. The U.S. government, state governments, local governments and the financial elite are draining us financially in dozens upon dozens of different ways, and yet we have become so programmed to accept it that it just seems normal to us. 2011 is rapidly approaching, and a whole slate of federal taxes is scheduled to go up, state taxes are being increased from coast to coast, local govern... (more)
“If the world economy gets better, the prices of commodities will go up because there are shortages developing. We already see shortages developing. You mentioned rare earths, but there are others. If the world economy doesn’t get better, I still want to own commodities because they’re [Federal Reserve] going to print money.”
In the short term, however, Rogers said he doesn’t like buying any commodity “when prices are making new highs,” referring to gold, which has rallied nearl... (more)
The following is an extract from the October edition of Dr. Faber’s indispensable monthly newsletter, The Gloom, Boom and Doom Report.
No matter what central bankers and the cheerleading, mostly useless academics who surround them pronounce in their self-created aura of infinite academic “delicacy and refinement”, under the auspices of the Fed they will do precisely one thing: print, print, and print. Sadly, as Mignon McLaughlin observed, “The know-nothin... (more)
Google Inc. cut its taxes by $3.1 billion in the last three years using a technique that moves most of its foreign profits through Ireland and the Netherlands to Bermuda.
Google’s income shifting -- involving strategies known to lawyers as the “Double Irish” and the “Dutch Sandwich” -- helped reduce its overseas tax rate to 2.4 percent, the lowest of the top five U.S. technology companies by market capitalization, according to regulatory filings in six countries.
In no way is this "lost revenue", this money is theirs, not the parasite government's. No one should have to pay taxes, to the extent they deprive the government of funds, they're heroic.
Unfortunately, this is seemingly a result of their buddying up to the Regime. The article says in 2006 they got approval to do this by the IRS.
Do you think some mere commoner could do the same?
