Don’t Expect an Investment Boom if the Corporate Tax Rate Is Cut

It appears as though the rate on US federal corporate profits is going to be reduced. Although US corporations may be considered ‘people’ in terms of the First Amendment, they are not ‘people’ when it comes to paying taxes. Corporations are de facto tax collectors, not taxpayers. Real people ultimately pay the taxes in one way or another on the profits that corporations earn. So, why don’t we relieve corporations of their tax-collecting duties and tax their shareholders directly on the accrued profits of corporations in which they own shares as Laurence Kotlikoff, Boston U. econ professor, and 2016 write-in presidential candidate, has suggested? If this were done, the tax on dividends and, thus, the double taxation of corporate profits would be eliminated. Alas, this kind of tax reform is not in the cards, but a cut in the corporate profits tax would be a step in the right direction.
One of the arguments being made in favor of the cut in the corporate profits tax rate is that it would unleash a torrent of investment on the part of corporations. In turn, this increase in business investment would enhance the potential real growth in the economy and would increase the capital-to-labor ratio. An increase in the capital-to-labor ratio would raise the productivity of labor, which eventually would lead to an increase in real wages.

This post was published at FinancialSense on 12/12/2017.


Donald Trump is continuing to pick a fight with entire NFL franchise over a few individuals exercising their right to freedom of expression and protest. While his battle has resonated with his base, his most recent threat is symbolic only and if achieved, will not have any real effect.
Since Trump began his attacks on the NFL and the players who choose to kneel during the national anthem, many of his ardent supporters have called for the franchise to lose it’s tax exempt status. Now, Trump decided to Tweet about that specifically, tossing the looming threat of a nuclear war aside yet again in favor of riling up of his conservative base who is determined to shut down free speech.
Why is the NFL getting massive tax breaks while at the same time disrespecting our Anthem, Flag and Country? Change tax law!
— Donald J. Trump (@realDonaldTrump) October 10, 2017

This post was published at The Daily Sheeple on OCTOBER 10, 2017 |.

NFL Players Have A First Amendment Right To Act Like Little Bitches

Frankly, in my view, the sporting world should be a politics free zone, and the fact that I am compelled to write about politics in sports in America today is bewildering beyond belief. That said, to be clear, I am not a fan of the NFL. I think the sport, like most professional sports, is overrun with whiny, juiced-up morons paid millions of dollars for providing nothing to the public except sub-par entertainment and little-to-no loyalty to the state or city in which they happen to be employed. NFL players are not legitimate role models for society anymore that costumed television wrestlers are role models for society.
Add to this the rampant politicization of the NFL over the past several years with social justice undertones and overtones, and I can’t think of a single redeeming quality to the arena. The best thing that could possibly happen to U. S. athletics would be if the entire system was scrapped and rebuilt from the ashes with truly local teams composed of local players driven purely by the desire for athletic excellence and healthy competition.
To me, it seems the appeal of sports, at least for spectators, is the possibility that anything could happen according to the merit of the players and the teams. In a society in which so much is restricted and controlled and dictated by political correctness and appeals to artificial “fairness,” the idea that, at least on a football field, baseball diamond or hockey rink, all of that garbage goes out the window for a few hours is enticing to say the least. Spontaneous moments of greatness are what people want to see, not blithe displays of ideological ignorance.

This post was published at Alt-Market on Wednesday, 27 September 2017.

End of Money Seminar – June 7, 2017

The following video was published by X22Report on May 22, 2017
Protesters want free speech and freedom of the press as they shout to close down certain news media outlets. Kim Dot Com comes forward saying he has info on the Seth Rich murder. Duterte meets Putin to sign deals. UN calls on NK to stop firing missiles. The terrorists are now leaving certain areas of Syria because they don’t have the man power to fight. Mattis says that he is going after the terrorists. This plan is different that Obama’s, Obama was choosing the targets which allowed the IS to grow on purpose. The deep state and the central bank are going after all forms of currency, cryptocurrency, gold and silver.

Socialism Contradicts Freedom of Religion – Why Amish do not Pay Social Security Taxes

In 1935, Roosevelt introduced ‘The Social Security Act’ which passed Congress. However, the act was described ‘Old Age, Survivors, and Disability Insurance.’ At first, the Act covered only industry and commerce. It was later extended to include farm operators in 1955. The SS tax was to be at the rate of 3% of income up to an established limit.
The Amish pay taxes because the Bible said: ‘paying unto Caesar what is Caesar’s.’ It was in 1956 that the IRS went to tell the Amish they were now under Social Security and they would have to pay. One Amishman was quoted in a November 1962 Reader’s Digest article: ‘Allowing our members to shift their interdependence on each other to dependence upon any outside source would inevitably lead to the breakup of our order.’ The constitutional question that has never been decided, what happens when the taxing power of government violates the First Amendment and Freedom of Religion? It clearly states: ‘Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof…’

This post was published at Armstrong Economics on Apr 5, 2017.

26 Feet to Revolution: From Berkeley to Kent State, 1964 to 1970

Here is a video of a recent protest at the University of California, Berkeley, the nation’s most academically prestigious tax-funded university. It is the premier state school today. It was in 1964. It was in 1880.

This is not a threat to the social order. It is an annoyance for students who want to go to class.
On September 10, 1964, the Free Speech Movement began at Berkeley. Almost no one remembers why.
The University’s Board of Regents had long imposed restrictions on what kinds of recruiting were possible on school property. Everyone involved in student government knew the rules. Every group had to be approved: fraternities, sororities, religious groups, and political activists. The underlying motivation, more than anything, was to restrict religious proselytizing: the church/state separation issue.

This post was published at Gary North on October 29, 2016.

Michael Bloomberg Calls Trump a ‘Dangerous Demagogue’

Former Mayor of New York City Michael Bloomberg had the audacity to deliver a speech at the Democratic Convention saying, ‘There are times when I disagree with Hillary Clinton. But let me tell you, whatever our disagreements may be, I’ve come here to say: We must put them aside for the good of our country. And we must unite around the candidate who can defeat a dangerous demagogue.’ Bloomberg began at Salomon Brothers, the notorious firm that was shut down for manipulating the US government bond auctions. It was Bloomberg who defended Wall Street against the protest ‘Occupy Wall Street’ and arrested people for exercising their First Amendment Rights.

This post was published at Armstrong Economics on Jul 30, 2016.

Economic Collapse Will Serve One Purpose: ‘Global Governance and the Enslavement of Mankind’

The ever-tightening noose around the neck of man shows no sign of slippage: all actions by all of the governments are anent control and dominion. The path to global governance is plainly marked, visible through all of the turmoil. It is that turmoil, those ‘incidents’ that are created and fostered by the governments that enable them to further constrict the noose. The economy plummets in Cyprus and Greece? Time to limit the cash withdrawals. The European banks are having a ‘hard time’ in places such as France or Spain? Time to pillage people’s savings and their IRA’s.
Manufactured crises are the norm, not the exception, and all of them are designed to facilitate one purpose: global governance and the enslavement of mankind.
The Bilderbergers are meeting in Germany this week. Paul Joseph Watson of Alex Jones’ Prison Planet reported on some of the key issues they will be discussing, as such:
‘…the creation of a virtual passport that web users will need to obtain before they can use many Internet services is high on the agenda. The Internet ID will be justified under the guise of ‘cybersecurity’ and creating a convenient method for citizens to access government services, but free speech advocates will view the proposal with deep suspicion as it would threaten online anonymity and possibly chill dissent. Services such as Facebook, YouTube and Twitter could also use the online passport to revoke posting permission if a user violates terms of agreement, another obvious threat to the free flow of information that has made the web what it is today. Bilderberg globalists are also set to re-invigorate momentum behind another long term goal – a global tax system presided over by the UN.’
Bilderberg Leak: Secretive Group to Discuss Internet ID, Global Tax, By Paul Joseph Watson
These things are not new, in that they have been proposed before. Just as with anything that is repeated long enough, however, the reiteration has dulled the senses of most. The bad thing is that it is being acted upon. A report by Tarun Wadwha last week described the inculcation of facial recognition software and the use of over 250 million cameras worldwide with the capability of utilizing this software.

This post was published at shtfplan on June 11th, 2016.


Gold: $1,257.40 up $16.30 (comex closing time)
Silver 15.13 up 13 cents
In the access market 5:15 pm
Gold $1264.10
silver: 15.25
At the gold comex today, we had a strong delivery day, registering another 87 notices for 8700 ounces and for silver we had 186 notices for 930,000 oz for the active March delivery month.
Several months ago the comex had 303 tonnes of total gold. Today, the total inventory rests at 211.15 tonnes for a loss of 92 tonnes over that period.
In silver, the open interest rose by 1475 contracts up to 163,768. In ounces, the OI is still represented by .819 billion oz or 117% of annual global silver production (ex Russia ex China). Generally as we go into an active delivery month the liquidation is much bigger.
In silver we had 186 notices served upon for 930,000 oz.
In gold, the total comex gold OI rose by a huge 6,439 contracts to 456,994 contracts as the price of gold was up $10.80 with yesterday’s trading.(at comex closing)
We had another huge change in gold inventory at the GLD, a good sized deposit of 2.37 tonnes and gold goes down early this morning? and rises only slightly? / thus the inventory rests tonight at 786.20 tonnes. The appetite for gold coming from China is depleting not only gold from the LBMA and GLD but also the comex is bleeding gold. Our 670 tonnes of rock bottom inventory in GLD gold has been broken. It looks to me that China has taken the last amounts of physical gold from the GLD. I guess the only place left for China to receive physical gold, after they deplete the GLD will be the FRBNY and the comex. In silver,/we finally had a major change in inventory/this time a huge deposit of 2.732 million oz and thus the Inventory rests at 314.350 million oz
First, here is an outline of what will be discussed tonight:

This post was published at Harvey Organ Blog on March 3, 2016.

Twatter: It’s a ZERO

Yes, that’s a bold call, although a lot of people would think not with the stock down from $53 and change to under $19 in the last year.
But no, this isn’t just about how are they going to make money (which is a clean and open question) — it’s about their new-found zeal for ban-hammering anyone who’s conservative — and has the nuts to voice that.
The company recently put in a place a “Trust and Safety Council” that they staffed with hard-left social justice nuts. And I do mean real nuts — one of them includes an Islamic “research center” that makes CAIR look like choir boys.
There is no First Amendment issue here, so don’t even bother with it folks. Twitter, while a public company, is not a government agency and thus can make whatever rules it wants, just like I can (and do) here. They can ban anyone, for any reason, at any time.

This post was published at Market-Ticker on 2016-02-22.

The Week in Review: November 14, 2015

At our Dallas-Ft. Worth Mises Circle, we discussed the dangers ofauthoritarian PC culture and the infantilization of American universities. This past week, this issue was driven to the forefront of national conversation. Cheered on by their absurdly leftist professors, we have watched a movement sparked by claims of racial intolerance devolve into petulant demands for more free stuff and explicit attacks on free speech. If there is a silver lining, hopefully these campus demonstrations will awaken more people to the importance of eliminating the state from education altogether.

This post was published at Ludwig von Mises Institute on NOVEMBER 14, 2015.

Turkey Demands More Money From EU, Vows Not to Become ‘Concentration Camp’ for Migrants

The problem with paying bribes, is the request for more money never stops.
I discussed the bribe setup on October 16, in Bargaining With the Devil: Germany Bribes Turkey With Aid Package, EU Sidelines Highly Critical Report on Turkey’s Free Speech Record.
In return for holding more refugees, Turkey demanded …
3bn in fresh funds Unblocking about five chapters in Turkey’s EU membership negotiations Visa-free access for 78 million Turks to the Schengen border-free area by 2016 Merkel was prepared to go along with that request, but things have changed already.
Turkey’s ‘Concentration Camp’
Shortly after meeting with Merkel, Turkey upped its monetary demand and placed other demands as well.
Turkish Prime Minister Ahmet Davutoglu now says Turkey Should Not Become ‘Concentration Camp’ for Migrants.

This post was published at Global Economic Analysis on October 21, 2015.

Ron Paul On The Seamless Web Of Liberty

Many people think the Internal Revenue Service was violating civil liberties when it harassed tea party groups. After all, the groups were targeted because they wanted to exercise their civil liberty to challenge government policies. However, the specific issue in the IRS case was the groups’ application for tax-exempt status, which seems to be an aspect of economic liberty. In fact, the IRS case demonstrates that there is no meaningful distinction between civil and economic liberties. A true friend of the free society defends both civil and economic liberties.
Many ‘civil libertarians’ who oppose government laws interfering in the personal choices of consenting adults support laws preventing consenting adults from working for below the minimum wage. Other civil libertarians support government programs forcing consenting adults to purchase health insurance. Many liberals who join libertarians in opposing the NSA’s warrantless wiretapping fail to protest Obamacare’s assault on medical privacy. Even worse are those ‘First Amendment defenders’ who cheer on government actions preventing religious individuals from operating their businesses in accord with the teachings of their faith.
The hypocrisy of left-wing civil libertarians is matched by the hypocrisy of many ‘economic conservatives.’ y.

This post was published at Zero Hedge on 08/18/2015.

Cracking Up and Cracking Down: Spain Is Bursting at the Seams

As the turmoil in Greece slowly yields (for now at least) it’s important to remember that the small Eurozone nation is hardly the only one in the EU that is in trouble, both fiscally and socially. In truth, it seems that Europe as a whole can hardly contain itself, and you can strike sparks just about anywhere. Europe is a fiscal mess with an aging population, ruled by a burdensome continent spanning bureaucracy, and simmering with ethnic and cultural tensions that range in age from ancient to modern.
So while the media is busy dancing around Greece as if the future of Europe lies solely in their hands, stop and take a look around the rest of that continent. I think you’ll find that the Eurozone could unravel just about anywhere. But if I could pick just one vulnerable country, I think Spain would be at the top of my list of the most unstable nations in the EU.
They have numerous of economic problems, including one of the highest debt to GDP ratios in the EU, and an unemployment rate that has exceeded 20% for many years now. In response to their fiscal and social woes, their government is rapidly spiraling into an despotic regime that hasn’t been seen since the days of Franco. Just last month the government handed down some of the most draconian free speech laws in the EU.

This post was published at The Daily Sheeple on July 25th, 2015.

The Economic Collapse Is Closer Than People Think – Episode 579

The following video was published by X22Report on Jan 30, 2015
Greece is not cooperating with the EU with regards to bailouts. Consumer confidence very high even though their fewer people working than during the recession of 2008. Layoffs continue and the retail sector is collapsing. GDP dropped in the 4th quarter, but the government has tricked the people into thinking consumer spending is up. Baltic dry index declined once again. China outpaces the US in regard to foreign investment. Canada pushing anti terror bill which will limit free speech. Ukraine will ask the UN to designate Russia as a terrorism sponsor. The US is losing control of the middle east and war is now being pushed on all fronts.

Downgrading The US Will Cost S&P $1.5 Billion

Remember when S&P forgot for a second that it lives in a world of pretend free speech, and where telling the truth would promptly result in a lawsuit by none other than the US government under false pretenses (and from which Buffett darling Moody’s was excluded) after it downgraded the US from AAA to AA in the summer of 2011? A downgrade which as Bloomberg previously reported led to this exchange with then Treasury Secretary Tim Geithner: “S&P’s conduct would be looked at very carefully,” Geithner told McGraw according to the filing. “Such behavior would not occur, he said, without a response from the government.”

This post was published at Zero Hedge on 01/20/2015.

Kiev Preparing For An All Out Offensive Which Will Lead To War – Episode 516

The following video was published by X22Report on Nov 12, 2014
The people in the UK have had enough with austerity. Mortgage application plunge once again, which show Real Estate is in a death spiral. The Western countries are selling gold, meanwhile China and Russia are stockpiling gold. Obamacare was designed as a scam. Obama wants to regulate the internet and control free speech. National guard in Ferguson is on high alert. Brazil is building their own internet without US companies. Ukraine with the US is now training soldiers and getting prepared for a major offensive with the South Eastern people of Ukraine. The people of Libya have captured around 200 planes. Romanian hacker predicts there will be a nuclear attack on Chicago in 2015.

Reading the Road Map to a Police State

“There is no crueler tyranny than that which is perpetuated under the shield of law and in the name of justice.” -Charles de Montesquieu
If there was any silver lining to the horrifying events that took place in Ferguson, Missouri which riled the month of August, it has finally brought the issue of police militarization to the forefront. As outrageous as the police shooting death of unarmed 18-year-old Michael Brown was, the brutal law enforcement response in the form of running roughshod over the First Amendmentand resorting to quasi-martial law to mostly peaceful protests by local residents and activists was worse. To many observers, what took place in a Midwest suburb was indistinguishable from scenes out of occupied Iraq.
How did this happen? For an answer, the writings of investigative journalist Radley Balko are an invaluable resource. Perhaps more than any other person, Balko has reported substantially onpolice militarization and injustice across the country for years.
The full details can be found in his book Rise of the Warrior Cop: The Militarization of America’s Police Forces . This important book, which was recently released in its paperback edition, could not have arrived at a better time. Despite going into an intellectually rigorous analysis of law, politics, and history, Balko has a gift for storytelling, which highlights many heartbreaking stories and makesRise of the Warrior Cop an accessible and gripping read.
In the introduction, Balko begins with the provocative question:
How did we evolve from a country whose founding statesmen were adamant about the dangers of armed, standing government forces – a country that enshrined the Fourth Amendment in the Bill of Rights and revered and protected the age-old notion that the home is a place of privacy and sanctuary – to a country where it has become acceptable for armed government agents dressed in battle garb to storm private homes in the middle of the night – not to apprehend violent fugitives or thwart terrorist attacks, but to enforce laws against nonviolent, consensual activities?

This post was published at Ludwig von Mises Institute on October 18, 2014.