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For Personal Responsibility
Tuesday December 19, 2006
The Fair Tax, a consumtion-based sales tax, would abolish all federal income taxes (including social security and medicare taxes), death taxes, capital gains taxes, payroll taxes and gift taxes. This would also do away with the so called marriage penalty tax. The IRS and all 20,000 pages of rules and regulations would be abolished. The saving in accountant expenses used to aid in tax preparation would amount to many millions of dollars.
The proposal calls for a monthly tax rebate ($200 to $700) to households and legal resident aliens, "to untax" purchases up to the poverty level. The tax rate would be 23% of the total register price, which is the same as a 30% traditional sales tax. Due to the rebate, the effective tax rate is progressive on consumption and could result in a tax burden of zero or less.
| | Posted by alanrph at 4:58 PM - | |
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Thursday December 7, 2006
We continue to have a strong economy, still growing for the past 20 years.
The stock market, as indicated by Dow Jones, Nasdaq and S&P has reached record highs and is still rising. Some think that President Bush can control the numbers to his own benefit, rather than admit that the economy is strong. My personal 401K and Roth IRA follow the indicators as they rise steadely and that shows that the indicators are accrit.
A region's gross domestic product, or GDP, is one of several measures of the size of it's economy. The GDP of a country is defined as the market value of all final goods and services produced within a country in a given period of time. Over the past 20 years the GDP has tripled and still growing.
To determine unemployment, start with 151,998,000 employable people less 145,287,000 employed , leaving 6,711,000 unemployed or 4.4% Excerpts from several newspapers including the New York Times follow: We're seeing job creation, after 132,000 jobs were created in November, starting to create real job growth for the average working family in America. The average hourly wage of millions of production workers has been rising at a year-over-year rate of 4.1%-surpassing inflation- and that trend continued in November, the Bureau of Labor Statistics reported. The job growth in November came mostly in health care, restaurant and hotel employment, and in high-end occupations like accounting, engineering services, computer design, legal services and management consulting. The gains were more than enough to offset a loss of 44,000 jobs in the auto industry and in the production of furniture and wood products used in home construction.
Federal government current tax receipts 2001 $2,016,200,000 2002 $1,853,200,000 2003 $1,879,900,000 2004 $2,001,000,000 2005 $2,246,800,000 From the low in 2002 , with the aid of the tax cut, tax receipts have risen to an alltime high in 2005.
Wages have risen faster than prices during the past 20 years. Average wage index has risen 121% and consumer price index has risen by 82% and that continues to be the case.
Everything written here is true and accrit with the aid of the Bureau of Labor Statistics and St. Louis Federal Reserve Bank.
| | Posted by alanrph at 8:50 PM - | |
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Sunday December 3, 2006
When does an elephant become an elephant? That is the question. An elephant does'nt become an elephant without first being a single cell. This is taken from column in Sunday Pioneer Press by Kathleen Parker. Her column is inspired by upcoming, Dec 10, National Geographic documentary "In the Womb: Animals". The images were captured with 4-D ultrasound scans and enhanced with compouter graphics. In the elephant's case to grow from a single cell to a 260 pound live baby at birth. Other stars of the film are a puppy golden retriever fetus (live helpless baby) to perform full grown dog behaviors inside the womb and a dolphin learn to swim inside the mother. Who would destroy an unborn puppy? That would be considered a felony.
Seeing similsr images of a fetus (live helpless baby) blinking, sucking his thumb and responding to sounds is equally amazing. As a society we have managed to emotionally distance ourselves from the human fetus (live helpless baby). To think of as human or cute would make abortion a much tougher choice.
A federal appeals court heard a case related to a South Dakota "informed consent" law that would have required doctors to tell a woman contemplating abortion that the operation would "terminate the life of a whole separate, inique, living human being. The court ruled 2 to 1 against the law. GOOD NIGHT LITTLE CHILD, GOD BLESS YOU.
| | Posted by alanrph at 6:07 PM - | |
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Friday December 1, 2006
Labor union strike sign sez "Unfair". Who is to say which side is unfair. When asking if something is unfair, fair is in the eye of the beholder. Most laws to control human behavior leave some people to say "fair" and others "unfair". According to Thomas Sowell "There are no solutions, only trade-offs". Example; law that pleases some and not others is the smoking ban. Laws to control trans-fats, liberals say pass a law and conservatives say use personal responsibility. Fair to some and unfair to others. Who's to decide.
| | Posted by alanrph at 9:34 PM - | |
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Tuesday November 28, 2006
"Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof" To me that means that congress cannot create a religion of it's own and also cannot interfere with an established religion, it's that simple. Where does it say or even imply that "Merry Christmas" is prohibited.
| | Posted by alanrph at 9:28 PM - | |
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