The Unz Review: An Alternative Media Selection
A Collection of Interesting, Important, and Controversial Perspectives Largely Excluded from the American Mainstream Media
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The Jews’ path to profitable victimhood was the Holocaust. For blacks the path is slavery. We hear endlessly about Slavery. Slavery is always the fault of white people, especially the Founding Fathers, the Confederacy, and Robert E. Lee. Slavery is never the fault of black Africans who engaged in slave wars against one another. Slaves... Read More
This week the House of Representatives will vote on a package of bills making the temporary tax cuts contained in last year’s tax reform bill permanent and making additional tax law changes. The bills will likely pass in the House, but will almost certainly be filibustered in the Senate if the Senate leadership tries to... Read More
Last week the United States Supreme Court, in the case of South Dakota v. Wayfair, ruled that the Constitution’s Commerce Clause allows state governments to force out-of-state businesses to collect state sales taxes. This decision overturns the court’s precedent that a state could require only businesses with a “physical presence” in the state to comply... Read More
I deplore the tax cut that has passed Congress. It is not an economic policy tax cut, and it has nothing whatsoever to do with supply-side economics. The entire purpose is to raise equity prices by providing equity owners with more capital gains and dividends. In other words, it is legislation that makes equity owners... Read More
Should the government borrow against the future? Should it guarantee higher taxes for your children and grandchildren in return for lower taxes for you? If government's moral legitimacy depends on the consent of the governed, as Thomas Jefferson argued in the Declaration of Independence, can the federal government morally compel those who haven't consented to... Read More
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"If the tax reform bill goes through, do you plan to increase your company's capital investment?" The question was posed to a sizeable group of CEOs at The Wall Street Journal's CEO Council, in the presence of White House economic adviser Gary Cohn. A pitiful show of hands failed to wipe the smirk off Mr.... Read More
Shutting down the Department of Education and returning control of the education dollar to the American people is the key to improving education. The best way to put the people in charge of education is by shutting down all unconstitutional bureaucracies, repealing the Sixteenth Amendment, and ending the Federal Reserve’s money monopoly.Since Congress is unlikely... Read More
Last Thursday, congressional Republicans unveiled their tax reform legislation. On the same day, President Trump nominated current Federal Reserve Board Governor Jerome Powell to succeed Janet Yellen as Federal Reserve chair. While the tax plan dominated the headlines, the Powell appointment will have much greater long-term impact. Federal Reserve policies affect every aspect of the... Read More
Many Americans who have wrestled with a 1040 form, or who have paid someone to prepare their taxes, no doubt cheered the news that Congress will soon resume working on tax reform. However taxpayers should temper their enthusiasm because, even in the unlikely event tax collection is simplified, tax reform will not reduce the American... Read More
Donald Trump's election triumph is among the more astonishing in history. Yet if he wishes to become the father of a new "America First" majority party, he must make good on his solemn promise: To end the trade deficits that have bled our country of scores of thousands of factories, and to create millions of... Read More
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Will Donald Trump be good for the US economy? The American people seem to think so. According to a recent survey taken by Gallup “Americans have relatively high expectations (of) the president-elect… Substantial majorities (upward of 60%) believe the Trump administration will improve the economy and create jobs. A slim majority (52%) say he’ll improve... Read More
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SHARMINI PERIES, TRNN: It’s the Real News Network. I’m Sharmini Peries coming to you from Baltimore. And we’re unpacking some economic mythologies here with Michael Hudson who joins us in our Baltimore studio. Thank you so much for joining us Michael. MICHAEL HUDSON: Good to be here. PERIES: Michael has a new book out, J... Read More
News that Pfizer, the world's largest pharmaceutical company, plans to buy Britain's AstraZeneca for $106 billion, renounce its U.S. citizenship, and declare itself a British company, has jolted Congress. Pfizer is being denounced as disloyal to the land of its birth, and politicians are devising ways to stop Pfizer from departing. Yet Pfizer is not... Read More
As long as wealthy elites continue to call for more immigration, so they can continue to reap the enormous benefits of cheap labor... ...perhaps we should then raise the taxes of the top earners back to Eisenhower-era levels, when the top tax bracket was 90%. The idea being that if they keep artificially expanding the... Read More
interview with ITulip. Janszen: How do we fix this mess? Hudson: Debt service is the major charge that is institutional rather than “real” and technologically necessary. Our tax system favors debt rather than equity financing. By encouraging debt it has prompted a tax shift onto the “real” economy’s labor and capital. The resulting interest charge... Read More
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An Interview with Michael Hudson
MIKE WHITNEY: Before John Kennedy took office, anyone making an income of over $200,000 was taxed at a rate of 93 per cent. Corporations also paid a much higher percentage of the total tax burden than they do today. The higher tax rates on the wealthy never hurt Gross Domestic Product (GDP) which was consistently... Read More
Greenspan's Treason
There are two principle factors that keep an economy humming along; interest rates and the amount of money that is circulating through the economy. Interest rates are presently at historic lows (40 year low) and the Bush tax cuts have added nearly $530 billion a year ($625 billion by Mr. Greenspan's calculations) to the amount... Read More
There they sit on my desk, leering at me insolently, two pretty boxes still in their shrink-wrap: Intuit Corporation's Quicken TurboTax, federal and state. And today is, what? April 11th. Eeeek! I had better tread a little carefully here. I am not a U.S. citizen, though I am trying to become one and am the... Read More