Tax Guru – Ker$tetter Letter

Tax reform will save American jobs – Even the left-wing USA Today is admitting that the USA’s extremely high corporate tax rates are hurting the economy.

Thomas Sowell’s Random Thoughts –  Another great batch, including the following.

• Not since the days of slavery have there been so many people who feel entitled to what other people have produced as there are in the modern welfare state, whether in Western Europe or on this side of the Atlantic.

• Economist Edward Lazear has cut through all of Barack Obama’s claims about “creating jobs” with one plain and inescapable fact — “there hasn’t been one day during the entire Obama presidency when as many Americans were working as on the day President Bush left office.” Whatever number of jobs were created during the Obama administration, more have been lost.

• Do either Barack Obama or his followers have any idea how many countries during the 20th century set out to “spread the wealth” — and ended up spreading poverty instead? At some point, you have to turn from rhetoric, theories and ideologies to facts.

• If you believe Barack Obama and others who oppose what they call “tax cuts for the rich,” you might want to consider what the late Daniel Patrick Moynihan once said: “You are entitled to your own opinion, but not to your own facts.” If you want to see some documented facts about tax rates and tax revenues, there is a box titled “Tax Cuts” on my web site (www.tsowell.com). Click on it.  (19 page pdf)

• If there is ever a Hall of Fame for confidence men, Charles Ponzi and Bernie Madoff will have to take a back seat to Barack Obama. Obama is the gold standard — or, perhaps more appropriately, the brass standard.

A Modest Proposal –  Walter Williams looks at the mess in the PRC.

A Miracle! 114K New Jobs Employ 450K People! – A funny explanation of how the unemployment percentage can drop when fewer people have jobs. 

Feds file suit against 3 companies over alleged mortgage scam – Just like with the scammers who promise to help settle IRS tax bills for pennies on the dollar, there are crooks willing to exploit homeowners with mortgage problems.

New book shows U.S. top earners pay larger share of taxes than any other industrialized nation –  Stephen Moore’s book illustrating that the evil rich already pay much more than their “Fair Share” of taxes won’t do any good in reducing the class warfare rhetoric from the Left, who never let facts get in the way of their Marxist agenda.

Social Security Needs More Than Just A ‘Tweak,’ Mr. President – The understatement of the past two centuries.

Bankrupt California – A look at the depressing status of the PRC.