Skip to main content

Elections Have Consequences

Pelosi cautions 2020 Dems over liberal proposals: 'You must win the Electoral College'

Speaker Nancy Pelosi (D-Calif.) issued a stern warning to the 2020 Democratic primary field that progressive policies that might fire up the party’s liberal wing could prove damaging in the general election.

Sanders' immigration plan: Halt deportations, abolish ICE, welcome 50K 'climate migrants,' give welfare to all

Sen. Bernie Sanders, I-Vt., on Thursday released a sweeping immigration plan that would impose a moratorium on deportations, "break up" existing immigration enforcement agencies, grant full welfare access to illegal immigrants and welcome a minimum of 50,000 “climate migrants” in the first year of a Sanders administration.

Britain's Free Health Care: Waiting List Grows to 4.4 Million

The NHS waiting list has hit another record high with almost 4.4million people now waiting for routine treatment.

For a third month running the figure has risen to a new high, increasing by a quarter of a million people between February and May alone.

Other statistics also revealed by NHS England today show the number of A&E patients stuck on trolleys waiting for an inpatient bed has increased by 70 per cent in a year.

Democratic Tax Policy Proposals

Recently, several of the presidential candidates and other prominent Democrats have suggested a number of different tax policy proposals, including wealth taxes, mark-to-market taxation, a VAT, additional taxes, increased income tax rates, and increased gift and estate taxes. Read more...

How To Trigger A Global Recession In One Easy Step: Ban Fracking

So, what would happen if America’s next president were to make good on a promise to ban fracking? We know the answer.

Enthusiasms for alternatives aside, solar and wind combined supply less than 2 percent of world energy, while 54 percent still comes from oil and natural gas. Many analysts have pointed to the domestic jobs and revenues that will be lost were America to shut down fracking. But that’s the least of it. Far more significant: removing that quantity of fuel from world markets would trigger the biggest energy price spike in history, and a global recession. Read more...

Senator Warren’s “Nutty Idea” to Tax Unrealized Capital Gains

But let’s set that aside and focus on Senator Warren’s radical proposal.

Because the idea would be such a nightmare of complexity, I joked in the interview that the Senator must own shares in firms that do tax accounting.

That’s not a novel observation on my part. Earlier this year, the Wall Street Journal opined why this was a bad idea. Not just a bad idea, a ridiculously foolish idea. Read more...

Mining the Green New Deal

Glaringly absent, at least so far, from the Green New Deal conversation is any mention of the supply chains needed to support this massive industrial effort. And make no mistake, a massive industrial effort is precisely what would be necessary. Wind turbines, solar panels, electric vehicles, grid-scale lithium-ion batteries and a new electricity grid are machines and commodities that require immense manufacturing capacity and a vast variety and quantity of raw material. Read article...

Comments

Popular posts from this blog

The Hidden Agenda Behind the Global Warming Hysteria

Climate change activists are not just interested in reducing carbon emissions in order to "save the planet." Their underlying desire is to overturn capitalism and replace it with socialist governments worldwide. 

Our story starts with the IPCC, or the Intergovernmental Panel on Climate Change, a U.N. organization. "And any settlement of the Global Warming issue by the UN would entail massive transfers of wealth from the citizens of wealthy countries to the politicians and bureaucrats of the poorer countries." (1)

In 1992, at the first U.N. Earth Climate Summit in Rio de Janeiro, Brazil, Program Executive Director Maurice Strong stated, very candidly: 

"We may get to the point where the only way of saving the world will be for industrialized civilization to collapse. Isn’t it our responsibility to bring this about?" (2)

Former U.S. Senator Timothy Wirth (D-CO), then representing the Clinton Administration as U.S. undersecretary of state for global issues, join…

IRA Taxes: Rules to Know and Understand

Article from schwab.com


Individual Retirement Accounts (IRAs) can be a great way to save for retirement because of the tax benefits they can provide. If you’re eligible, you can choose a traditional IRA for an up-front tax deduction and defer paying taxes until you take withdrawals in the future. Or, if eligible, you might opt for a Roth IRA and contribute after-tax money in exchange for tax-free distributions down the road.


So, what's the catch? There are a few. If you run afoul of some of the IRS rules surrounding these accounts, the penalties can be quite stiff—all the way up to a disqualification and taxation of your entire account.

Ignorance of the law is no excuse, and with few exceptions, the IRS isn’t very forgiving of mistakes. Knowing the rules can help you navigate the many potential IRA tax traps you might encounter on your way to retirement.

Keep in mind that when we discuss taxes and penalties, we’re referring to those at the federal level. In most states, you will also…

Critical Financial Steps When Buying a Home

In my lifetime, I have bought six houses, and sold five. I currently live in the sixth, which was new construction, which was an adventure unlike purchasing an existing home, But the principles of buying a home are the same, whether you are purchasing a new home, or an existing home.

1. Understand why you want to buy a house
Purchasing a home is a major decision that shouldn’t be taken lightly. It’s important to define your personal and financial goals before proceeding. Think about factors such as whether you’re craving more stability, whether it makes sense financially and whether you’re prepared for the responsibility of maintaining a home.

You should explore some resources on Renting vs. Buying before you make the decision. I posted a article with a couple of good videos on this subject, and bankrate.com as an informative article here
2. Dig Into Your Credit Reports and Credit Scores Your credit score and history are the first things all lenders will look at to decide whether or …