There are many lessons to be learned in the International Monetary Fund report claiming China's economy has surpassed that of the United States. First, not every number is to be believed. Second, not all numbers were considered.
So-called “Certificate Of Need” laws in the healthcare sector prevent new competitors from entering the market and reward the current dominant players. It is a corrupt cartel system that prevents innovation and competition, denies consumers choices in healthcare, and guarantees ever-rising prices.
These two authors of the recent article on the economy in Foreign Affairs magazine suffer from a complete disconnect from the real world.
More and more Americans are working part-time, including many who desire a full-time jobs. But ignoring the difference between part-time and full-time employment, the administrations is boasting about businesses hiring at historic rates.
Representative David Jolly (R-Fla.) has proposed an “Alternative Maximum Tax” limiting any non-corporate taxpayer’s total tax payment — including federal, state, and local taxes — to 50 percent of adjusted gross income. But why not establish a 5 percent “Alternative Maximum Tax,” until such time as the income tax is abolished entirely?
When comparing Texas and California to decide where to locate a company or family, in just about every category the advantage goes to Texas.
One of the largest "tax inversion" deals was announced earlier this week, reflecting continued disgust with U.S. corporate tax rates, the highest in the world.