Tax Cuts for the Little People

FederalDebtby Jon N. Hall2/13/17
The individual income tax is the largest source of revenue to the largest operation on Earth: the U.S. federal government. In fiscal 2015, the individual income tax alone brought in $1,540,802 million to the feds, or just over $1.54T. More » • (358 views)

Posted in Economics | 3 Comments

Balancing Act

FederalDebtby Jon N. Hall12/12/16
Convening the States, Cutting the Spending, Goosing the Economy  •  While driving down the Interstate on Nov. 17, I turned on my AM radio and tuned in to Glenn Beck. “The Beckmeister” was interviewing former U.S. Senator Tom Coburn (R-OK). More » • (476 views)

Posted in Economics | 7 Comments

Hey, Millennials, Do Deficits Matter?

FederalDebtby Jon N. Hall10/15/16
Progressives have said that “deficits don’t matter.” Even a few conservatives have said as much. Some, however, like Speaker Paul Ryan, worry that the sharp recent rise in the national debt could lead to a “debt crisis,” More » • (310 views)

Posted in Economics | 3 Comments

Millennials and the Obama Legacy

FederalDebtby Jon N. Hall10/4/16
In his 2008 campaign for president, candidate Obama said that the debt run up by Pres. Bush was “irresponsible” and “unpatriotic” and that Bush ran up the debt all “by his lonesome” (short video). Despite presiding over far more debt in his first term than Bush did in two More » • (483 views)

Posted in Economics | 14 Comments

Time and the Pelosi-Reid-Obama Debt

FederalDebtby Jon N. Hall5/27/16
On April 25 at the Media Research Center, Tom Blumer reported on Pres. Obama’s recent trip to England. At a town-hall in London, Obama was asked: “After eight years, what would you say you want your legacy to be?” More » • (461 views)

Posted in Economics | 3 Comments

Inequality in the Personal Income Tax

Taxesby Jon N. Hall    4/16/16
The Individual Income Tax is still the largest source of revenue to the federal government; in fiscal 2014 it accounted for 40 percent of all federal revenue. But huge swaths of Americans don’t pay personal income taxes. More » • (568 views)

Posted in Economics | 7 Comments

Hillary Wants More of Your Money

Taxesby Jon N. Hall    3/3/16
On March 3, CNBC.com ran “Top 1% would see $78,000 tax hike under Hillary” by Robert Frank. Mrs. Clinton seems to be trying to “out Bernie” Bernie Sanders; she’s now going all-out progressive: More » • (578 views)

Posted in Economics | 5 Comments

The Ignored Campaign Issue: the Deficit

FederalDeficitby Jon N. Hall2/17/16
The largest financial operation in the known universe is the United States federal government. For fiscal 2009, that operation ran a budget deficit of -$1.412T, the all-time record. That’s debt at more than -$3.868B a day, more than -$161M an hour More » • (544 views)

Posted in Economics | 8 Comments

Getting ‘Medieval’ on the Top 400 Taxpayers

Taxesby Jon N. Hall    1/31/16
On Dec. 29, the New York Times ran “For the Wealthiest, a Private Tax System That Saves Them Billions” by Noam Scheiber and Patricia Cohen. The article’s blurb was: “The very richest are able to quietly shape tax policy that will allow them to shield billions in income.” More » • (688 views)

Posted in Economics | 7 Comments

Tax Advice for GOP Presidential Candidates

Taxesby Jon N. Hall    1/20/16
Presidential candidates have been trotting out their ideas on taxes. One doesn’t need to spend much time analyzing Democrat ideas, as they like the current system and just want to tax the wealthy more. More » • (1107 views)

Posted in Economics | 19 Comments

Bailouts for Private Pension Funds

Pensionsby Jon N. Hall    12/14/15
For forty years it was illegal to cut certain pension benefits. That changed last December when the Kline-Miller Multiemployer Pension Reform Act of 2014 was slipped into a must-pass omnibus spending bill, which Pres. Obama signed More » • (782 views)

Posted in Economics | 5 Comments

Prices, Schizoid Americans, and the ‘Knowledge Problem’

Priceby Jon N. Hall10/14/15
In Nora Ephron’s romantic comedy Sleepless in Seattle (1993), 8-year-old Jonah Baldwin is considering taking a commercial flight from Seattle to New York and asks his girlfriend Jessica: “How much would it cost to go?” Jessica answers: “No one knows. It changes practically every day.” More » • (566 views)

Posted in Economics, Essays | 3 Comments

The ‘Growth Fairy’ and the Federal Deficit

FederalDeficitby Jon N. Hall9/28/15
In August, the Congressional Budget Office projected a $426B federal deficit for fiscal 2015, which ends on September 30. Since the record deficit of $1,412B in 2009, there’s been about a trillion dollars of improvement on the budget More » • (634 views)

Posted in Economics | 1 Comment

The Darling of GOP Tax Reform

Taxesby Jon N. Hall    5/23/15
Back in the halcyon days of yore, before the advent of Big Government, tax collection was one of the main places where the individual bumped up against the “powers that be.” In that distant past, tax collectors were called “publicans,” and they were generally despised. More » • (1305 views)

Posted in Economics | 7 Comments

For All We Know, “There Be Dragons”

FinancialCollapse2by Cato   4/27/15
Ron Paul, John Hussman, David Stockman, and many other doomsday forecasters have one thing in common.  They are all focused on the financial architecture of the world in 2015.  They believe the financial structure cannot endure in its present form More » • (930 views)

Posted in Economics | 3 Comments