Friday, January 27, 2017

Let's start a movement:  raise the taxes of the top 1% to a 42% tax rate.  This is not really so extreme. The revenue wouldn't be for the pet products of just "one side."  This is a Centrist movement really worth giving birth to.

As a reminder, taxes on the upper echelons were much higher from Eisenhower until Reagan. For most of that time, the economy was really pretty good. The stock market (which used to not be used as the main measure of how the country was doing) grew just fine.  In fact, much of the action-reaction we have in society can be traced back to the 1980s, which spawned this modern extremism.

Other items from this blog, which refer to outside economists' reports, are below:

Saturday, January 7, 2017

House of Cards

If we are honest about it, to some degree, all modern economies are a bit of a Ponzi scheme.  ---Marie Byars

Friday, January 6, 2017

More Wisdom for the New Year

"When opportunity knocks, some people are in the backyard looking for four-leaf clovers."  ---Polish Proverb

Wisdom for Facebook

With all the crazy fake news on Facebook and other random, short-sighted spoutings-off on social media, these words of a classic Greek philosopher take on new meaning:

"Wise men speak because they have something to say; fools because they have to say something." 

Dave Barry's 2016 in Review

No one sizes up the previous year like Dave Barry in his annual Miami Herald round-up column.  Once again, his column is this blog's new year's focus: