It doesn’t take a brain surgeon to realize our treasonous corporate tax rate is bad for business. The latest hit comes from Johnson Controls’ merger with Tyco International, with headquarters in Ireland. The other real kicker here is it that JC had plenty of your (taxpayer) help to stick around. Johnson Controls Inc. was as patriotic as they come back in 2008, when the U.S. auto industry was teetering on bankruptcy and the Glendale-based maker of car parts knew it desperately needed help from U.S. taxpayers. The company's president at the time, Keith Wandell, didn't hesitate to ask Congress … [Read more...]
Punishing Corporate Taxes Drive American Business Overseas
It doesn’t take a brain surgeon to realize our treasonous corporate tax rate is bad for business. The latest hit comes from Johnson Controls’ merger with Tyco International, with headquarters in Ireland. The other real kicker here is it that JC had plenty of your (taxpayer) help to stick around. Johnson Controls Inc. was as patriotic as they come back in 2008, when the U.S. auto industry was teetering on bankruptcy and the Glendale-based maker of car parts knew it desperately needed help from U.S. taxpayers. The company's president at the time, Keith Wandell, didn't hesitate to ask Congress … [Read more...]
What Not to Do in 2016
In the February 2016 issue of Richard C. Young's Intelligence Report Dick Young wrote: This month, I have a master list of things you do not want to do in the New Year. In this regard, I asked our management company's E.J. Smith to put together a list of the no-no's that he, Matt, and I had been discussing in recent months. I have reduced the master list to a "baker's dozen." Enjoy and benefit. Do not use stop-losses. Why? Because you get taken out at the market's price (not your price), and then it's a guess when to get back in. Instead, focus on wise words from Vanguard founder Jack Bogle: … [Read more...]
“Like a War Zone” in Jackson, MS, Part II
You think Jackson, Mississippi Councilman Kenneth Stokes wants the City Council to take a stand against crime? No, against the police. You can’t make this stuff up: “Rocks, Bricks and Bottles!” After a car chase crossing county lines ended with a crash in Jackson, Councilman Kenneth Stokes is calling for the City Council to take steps against what he calls a reoccurring problem. WJTV’s Lucy Dieckhaus spoke with him about what he plans to do next. “You can replace a car but you can’t replace these babies lives,” said Stokes. Councilman Kenneth stokes didn’t hold back any punches about that … [Read more...]
An American Treasure: Richard Feynman
If you're a fan of the late physicist Richard Feynman then you're in luck. Over the weekend I visited Bill Gates' website: gatesnotes.com and found an absolute treasure: Thirty years ago I went on vacation and fell for Richard Feynman. A friend and I were planning a trip together and wanted to mix a little learning in with our relaxation. We looked at a local university’s film collection, saw that they had one of his lectures on physics, and checked it out. We loved it so much that we ended up watching it twice. Feynman had this amazing knack for making physics clear and fun at the same time. … [Read more...]
MS-13 in Boston
I find it hard to believe President Trump would put up with MS-13. The Boston Globe reports that last week more than 400 officers fanned out across Boston, charging 56 people in crimes related to the violent street gang, MS-13. Law enforcement officials on Friday charged 56 people with running a vast criminal enterprise with the motto “kill, rape, and control’’ that allegedly sold drugs and carried out five murders in immigrant communities throughout Greater Boston. I wrote here that despite President Obama's dire warnings that guns cause crime, per capita concealed carry licenses in … [Read more...]
Boston Globe Wrong About Guns
"Tens of thousands of new gun licenses were issued to Massachusetts residents in 2015, continuing a recent surge, according to state data,” reports The Boston Globe. Take a quick glance at the map from the Globe below, and you can see that the city of Boston has a pretty light licensing density and yet that’s where all the shootings take place. Maybe the liberal Globe could study it’s own reporting and see how gun ownership makes residents safer. You can see the same trend happening across the country as more guns are purchased every year and crime consistently declines. Barack Obama has … [Read more...]
US$ Print til’ You Die
You would never believe it today, but there was a time when The New York Times' editorial board supported sound money. And the person writing sound money editorials against a proposed Bretton Woods agreement was Henry Hazlitt. Today the first name that comes to my mind when thinking about The New York Times and monetary policy is the “print til’ you die" economist Paul Krugman. Contrary to the Keynesian crowd, Hazlitt believed it was irresponsible to make the dollar a reserve currency, as good as “gold”, knowing full well there would never be enough gold to satiate government spending demand. … [Read more...]
Debt Disaster Part II
If you want the dirty details of government excess, then do what I do, talk to Chris Edwards, Director of Tax Policy Studies at the Cato Institute. A lucky few will have the chance to listen to Chris speak at this week’s exclusive Cato gathering in Naples, Florida. I wish I were there. In his latest piece Chris writes: The Congressional Budget Office (CBO) released new projections showing the debt disaster being manufactured in Washington. Federal borrowing from global capital markets is expected to soar from an outstanding $14 trillion this year to $24 trillion by 2026 under the … [Read more...]
Why Rollover Your 401(k)
You wouldn't be the first person to wonder who in the world comes up with these phrases: "Rolling over your 401k." As if investing isn't confusing enough, the wording is so bad you can't help but think about a dog trick. This is supposed to be serious stuff. Most of you corporate warriors that have a 401k, and are in or near retirement, have figured out what a rollover is by now. It's when you transfer your 401k contributions into an IRA. 401k Contributions Are Free Money I love the 401k as a savings vehicle. It's a great way to get free money from your employer. But it is lacking big-time … [Read more...]
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