“Hillary Clinton Proposes 65% Top Rate for Estate Tax” blared a headline in The Wall Street Journal. Since the current top statutory tax rate on estates is 40 percent, Clinton’s proposal is nothing if not audacious. I can’t recall Barack … Continue reading
For those who may be unfamiliar with the players in the pharmaceutical business, Mylan is a successful, mid-sized manufacturer of branded and generic drugs. One of their largest products is the EpiPen, which is an auto-injection device used to treat … Continue reading
In predictable economic times, it makes sense—indeed it is essential—to put money aside and save for the coming rainy day. Trouble is brewing for each and every one of us. For some, it is just two appliances failing in the … Continue reading
Editor’s note: This article first appeared at Forbes.com. I have been writing for years that our government is essentially broke and the federal debt will never be repaid. Within this context, the Federal Reserve has been the great enabler of even more federal debt by … Continue reading
The state of Pennsylvania, as well as many other states, faces a pension crisis. The state has not set aside enough money each year to pay the pensions it is legally obligated to pay state workers and public school employees. … Continue reading
In January, European Union (EU) bureaucrats based in Brussels passed an EU banking reform referred to as the BRRD. The BRRD stands for Banking Recovery and Resolution Directive. The reform rules were aimed at shielding EU taxpayers from bailing out … Continue reading
Editor’s note: A longer version of this article first appeared at The American Spectator. In his speech at the Republican convention last week, Ben Carson made a statement that raised some eyebrows. “Now, one of the things that I have … Continue reading
October 1987: The U.S. stock market collapsed 23 percent in one day, the largest one-day drop on record. For the rest of that year economists debated how deep the depression would be in 1988. There was no depression in 1988. … Continue reading
Millennials are among the most avid supporters of the socialism promoted by Bernie Sanders. What is most remarkable is that there is ample evidence that socialist regimes bring untold economic harm to the very citizens who initially support them. My … Continue reading
As we celebrate the 4th of July, Lin-Manuel Miranda’s hit musical “Hamilton” is lionizing the life and legacy of Alexander Hamilton. “Hamilton” won 11 Tony Awards, including best musical, a Grammy Award for best musical theater album, the Pulitzer Prize … Continue reading
Editor’s note: This article first appeared at ConservativeReview.com. In my previous piece in this series, I quoted a Ronald Reagan speech to CPAC, the Conservative Political Action Conference, from February 6, 1977, where Reagan defined conservatism. Among his crucial points … Continue reading
Many Millennials are finding socialism attractive—at least as presented by Bernie Sanders. This is perplexing because there is ample and dramatic evidence of how a full-fledged socialist state fails its own citizens so miserably. Witness Venezuela. Fifteen years under socialist … Continue reading
Now that Donald Trump has locked up the Republican nomination, we can look more closely at his policy proposals. In April, when the two candidates were still battling for the Republican nomination, I compared Donald Trump’s tax plan to Ted Cruz’s … Continue reading
There is much talk and action right now on the issue of a minimum or “just” wage. Typically, those who favor raising the minimum wage tend to the liberal camp. However, some of those who want to raise the minimum … Continue reading
As Donald Trump and Ted Cruz battle to become the Republican nominee for president, it is time to closely consider their policies. Although both propose cutting taxes, the details of their plans are very different. Ted Cruz is proposing a … Continue reading
Arguing that no full-time worker should be paid so little as to live in poverty, Bernie Sanders supports increasing the minimum wage to $15 per hour by 2020. This is part of his plan for reducing income inequality in the United … Continue reading
Pennsylvania Governor Tom Wolf has finally announced that he will allow the budget passed by the legislature for the 2015-16 fiscal year to become law. It is now time for the legislature to consider the 2016-17 budget proposal, since the … Continue reading
The first two weeks of January 2016 were the worst beginning of a year ever for the stock market. If the month had not ended with a big market rebound, it would have been even worse. Some people blame the … Continue reading
Editor’s note: This article first appeared at TheBlaze.com. It’s a familiar political scenario: Behind the fig leaf of compassion and fairness, progressives and the union-dominated Democratic Party want the federal government to raise the minimum wage. Democratic presidential candidate Hillary … Continue reading
Yesterday my wife paid $1.99 per gallon for gasoline, a price lower than almost anyone expected a few years ago. From 2010 to early 2014, oil prices were fairly steady at close to $100 per barrel. Beginning in June 2014, … Continue reading
