Conservatives are agog over Obama’s inept response to Obama’s 17-minute, 2,500-word response to woman’s claim of being ‘over-taxed’. It’s a hot topic; high taxes are the heart of the Tea Party Movement. But are we over-taxed? A few simple graphs give a decisive (and unhappy) answer. Can we cut expenditures to balance the budget? Are …
Summary: This post examines one attempt to define the Tea Party Movement. It’s the Underwear Gnomes Business Plan brought to life. Perhaps they’ll evolve in the future and advocate sensible solutions, but what we see today resembles a child’s tantrum. Here we see one of the many attempts being made to bring coherence and focus to the Tea Party …
The Tea Party movement develops a platform. It’s the Underpants Gnomes Business Plan! Read More »
An ongoing series at the FM website describes how we’re ignorant because we read the newspapers. Today’s example comes from USA Today:  “Americans’ tax burden is lightest in developed world“, 25 November 2009 — Excerpt: You’d never know it from all the cable news chatter, but Americans bear the lightest tax burden in the developed world. Total …
Media madness #2 – their lies and ignorance make us stupid Read More »
Conservatives are fond of citing how much of the tax burden is carried by the rich.  These usually consider only income taxes, not including payroll taxes. A wonderful example is provided in “An Obama Gift for K Street“, Robert J. Samuelson, Washington Post, 15 December 15, 2008 — Excerpt: Sure, the wealthy extract privileges from …
Inequality in the USA (also, we have a flat tax system) Read More »
