Category Archives: Economics

Prisoner Restitution

Citizens of the United States of America have rights. Such as the rights to life, liberty, and the pursuit of happiness. When a citizen commits a crime, they do so in trade for some of their rights. In other words, were I to kill someone, I would give up my rights to liberty and the

Tax the Rich

Just doing a little math here. A true “flat tax” might look something like this: US Population 2010: 309 million people (309000000) US Federal budget request for 2010: $3.55 trillion ($3550000000000) 3550000000000 / 309000000 = $11,488.67/person/year That is quite a bit of tax. Although, consider what we pay in taxes across the board in sales,

Scarcity vs Abundance Quiz

How do you think about money? Read each question and pick the answer that most closely resembles the way that you think. 1) My friend lands a new job that pays a lot more than money than my job does, and it has amazing benefits, including 4 weeks of vacation. I feel very excited for

Is there a situation where democracy won’t work?

This important question was asked and answered by Clayton M. Christensen on 16 May 2009 in a commencement speech given at Southern New Hampshire University. I encourage everyone to read this speech. Here are a couple of quotes from it that caught my attention: Too often, as a result, we overlook an obvious fact: finding

Grassroots Economic Stimulus

Those boys and girls in Washington keep trying to mess around with the economy, thinking they know how to “force” the economy into doing their bidding. I am tired of hearing of bailouts and stimulus packages. A friend of mine had an idea and acted on it, to start a grassroots campaign to show Washington

Let us suffer

I just got a letter from one of my Congressmen telling me that he is in favor of a certain version of the “stimulus package” that leans toward lower taxes instead of increase debt through the dispersal of inflated monies. Here is my response to him.

I oppose the $25 billion bailout

Congress wants our opinion on the requested auto industry bailout. DOES THE AUTO INDUSTRY NEED A BAILOUT? The big three automakers say they need $25 billion in emergency short-term loans to avoid bankruptcy. Opponents say we shouldn’t reward poor management. Some in Congress say if we do provide loans we need to attach conditions such