How The Media Is Lying To You About Economic Recovery

from the Daily Bell.    "The missing piece from the economic recovery has finally materialized. Median household income, adjusted for inflation, is now higher than it was before the recession that began at the end of 2007, according to new data published by Sentier Research." –Yahoo So incomes are rising again. Presumably, this is supposed to mean   ... MORE

VIDEO: John Stossel - "Fair Share" Tax Policy

Tami Luhby: No One Stays In The Top 1% For Long

Up and down the income ladder.      Made it into the Top 1%? Congrats! Just don't expect to stay there for very long. The Top 1% is often considered an exclusive, monolithic group, but folks actually rise up into it and fall out of it quite often. That's because their incomes can vary widely year to year. Some 11% of Americans will join the Top 1% for    ... MORE

VIDEO: John Stossel - The Politics of Income

Thomas Sowell’s Christmas Gift Recommendations

by Thomas Sowell.     People who want to buy Christmas gifts, without having to confront the crowds at the local shopping mall (or shopping maul) can take a load off their feet by buying books or movies on the Internet, while sitting in the comfort of their own homes. In addition to old standbys like gorgeous coffee table books of Ansel Adams’      ... MORE

Scott Shackford: The Middle Class Is Shrinking!

Because They’re Getting Rich!   Success is seen as a disaster when you care more about income inequality than mobility. "The American Middle Class is Losing Ground," is the title of Pew Research Center's new report on income inequality. That headline informed the headlines that other media outlets have settled on as well. The Los Angeles  ... MORE

Walter E Williams: Wealth, Poverty and Politics

Sowell's new book is a fun read.  Dr. Thomas Sowell, my colleague and friend, told me several years ago that he wasn't going to write any more books, but that was two books ago, and now he has just published his 45th. The man writes with both hands, as can be seen from his website, which lists his 45 books, 19 journal articles, 71 essays in       ... MORE

VIDEO: Is The Free Market Survival Of The Fittest?

Thomas Sowell: Opportunity Versus Outcomes

Inequity fetishes don't help the poor.  A hostile review of my new book — "Wealth, Poverty and Politics" — said, "there is apparently no level of inequality of income or opportunity that Thomas Sowell would consider unacceptable." Ordinarily, reviewers who miss the whole point of a book they are reviewing can be ignored. But this particular confusion  ... MORE

How Much Is A College Football Player Worth?

by Alexis Garcia.  Hint: More than the NCAA wants to admit. College football has returned to the airwaves and with it the debate over paying student-athletes. Though the National Collegiate Athletic Association (NCAA) brought in nearly $1 billion dollars in revenue last year, the organization continues to resist compensating student-athletes   ... MORE

VIDEO: Basic Income Guarantee Vs. Welfare

VIDEO: Thomas Sowell - Wealth Disparity

American Families Are Being Economically Destroyed

by Michael Snyder.     The systematic destruction of the American way of life is happening all around us, and yet most people have no idea what is happening.  Once upon a time in America, if you were responsible and hard working you could get a good paying job that could support a middle class lifestyle for an entire family even if you only had a high    ... MORE

John Stossel: What's Fair?

More gov't power seems the answer to all questions. Donald Trump's kids and Paris Hilton's siblings were born rich. That gave them a big advantage in life. Unfair! Inequality in wealth has grown. Today the richest 1 percent of Americans own a third of the assets. That's not fair! But wherever people are free, that's what happens. Some   ... MORE

Government Looks to Save Money by Cutting Military Pay

by Onan Coca.  In a speech on Wednesday off the coast of San Diego, outgoing Defense Secretary Chuck Hagel warned troops that the U.S. can’t afford its military personnel anymore.Troops are already bracing for the results of a report on Feb. 1, which will most likely not be friendly to military pay. The report is by the Military Compensation and    ... MORE

Americans Are Renouncing Citizenship At A Record Pace

by Laura Saunders.  Significant numbers of people are continuing to renounce their U.S. citizenship or end their long-term U.S. residency. There are 776 names on the Treasury Department list published Friday for the third quarter of 2014. That’s the third highest quarterly figure ever, according to Andrew Mitchel, an international tax lawyer in      ... MORE

U.S. Hikes Fee To Renounce Citizenship By 422%

by Robert W. Wood.   Government looks to cash in on bonanza. Over the last two years, the U.S. has had a spike in expatriations. It isn’t exactly Ellis Island in reverse, but it’s more than a dribble. With global tax reporting and FATCA, the list of the individuals who renounced is up. For 2013, there was a 221% increase, with record numbers of       ... MORE

Walter E Williams: Please Stop Helping Us

Misplaced loyalty.     While reading the first chapter of Jason Riley’s new book, “Please Stop Helping Us,” I thought about Will Rogers’ Prohibition-era observation that “Oklahomans vote dry as long as they can stagger to the polls.” Demonstrative of similar dedication, one member of Congress told Vanderbilt University political scientist Carol Swain  ... MORE

The Typical Household, Now Worth a Third Less

by Anna Bernasek.      Economic inequality in the United States has been receiving a lot of attention. But it’s not merely an issue of the rich getting richer. The typical American household has been getting poorer, too. The inflation-adjusted net worth for the typical household was $87,992 in 2003. Ten years later, it was only $56,335, or a 36 %    ... MORE

No Taxing Our Way Out of Looming Health Spending Crisis

by Mallory Carr.      The fiscal train wreck that Obamacare and other health care entitlements will inevitably cause is quickly approaching—and no amount of tax increases can save us from the crash. Although the “Eat the Rich” and “Tax the one percent” way of thinking is currently in vogue, these catchy sound-bites remain nothing more than pithy    ... MORE