“Taxes are the price we pay for a civilized society” is the old socialist slogan we constantly hear to be reminded to pay taxes. But the truth is that taxes are what we pay for an impoverished society. Putting aside the immorality of initiating violence against innocents in order to collect taxes, the implications of […]
Archives for May 2013
Is retirement for Americans a thing of the past?
A new survey finds that more than forty percent of Americans think they will not be able to retire until their 70s or 80s. Many Americans do not save sufficiently for retirement and rely too heavily on Social Security, which is intended as a supplement to retirement, not a sole means of income. Many factors […]
IRS workers protest over sequestration, agency claims furloughs will hurt taxpayers
Since the sequester – reducing the increase in the 2013 budget, which means the federal government is still spending more in 2013 than it did in 2012 – thousands of public employees have had to experience furloughs, temporary unpaid leave for employees. Some civil servants are sick and tired of it and have decided to […]
Ex-German Finance Minister: ‘Catastrophic’ euro should be scrapped, economy worsening
Former German Finance Minister Oskar Lafontaine, who helped launch the euro in 1999, is warning that the economic situation is getting worse with each passing month, which is why the single failed currency should be scrapped in order to allow nations in southern Europe to recover. The current course is “leading to disaster,” according to […]
Ron Paul: Federal Reserve is blowing more bubbles
The Federal Reserve completed its two-day policy meeting last week. To no one’s surprise, Fed Chairman Ben Bernanke announced that nothing would change: $85 billion in monthly purchases, low interest rates and stimulus would all remain the same. Retired Texas Republican Congressman Ron Paul published an op-ed piece on The Free Foundation – his weekly […]