In December, the House of Representatives unleashed --- or tried to --- a new era of financial reform by passing the Consumer Protection Act of 2009. If passed and then signed, it would turn Wall Street as we know it upside down. Why? For one, it...
Before you choke on the idea that muni bonds' tax status would change (from a tax exemption to a tax credit), a major overhaul of the tax code recently introduce in D.C. actually has a few good items. One is repealing the AMT and lowering...
If you are in Congress and a Democrat, it sure is fun affecting populist Demagoguery to beat up on those money grubbing Wall Street and the "shadow" banking system. But check out the gub'ment's (pronounce with a Michigan Militia accent, please)...
Let's face it. The debate over the federal estate tax --- which Republicans and libertarians like to call the death tax --- is a heated debate despite the fact that it's not really that important. I mean it’s not a big government revenue generator...
Amazing. About 60 percent of taxpayers surveyed expect to get a refund on their 2009 taxes. So, quite literally: most people are clients of the state, that is, they receive handouts from the government. The non-partisan Tax Foundation has been...
Morningstar released its estimated mutual fund and ETF asset flows for January. I know there are plenty of investors out there who use asset flows to determine investment strategies (the so-called liquidity theory). But I am no expert --- indeed...
"Government is taking us a long way down the Road to Serfdom. That doesn't just mean that more of us must work for the government. It means that we are changing from independent, self-responsible people into a submissive flock. The welfare state...
