I would be interested in seeing a detailed analysis of the projected increase in tax revenues. The tax increases will serve as a disincentive to make more than $200K/$250K - Fed Tax + Social Security + Medicare + State Tax equalling 52 - 64% depending on your home state. So, these individuals must work 6-8 months a year for naught - just to feed the government's insatiable demand for money. I project a "decline" in tax revenues as a result of this change. This is wealth redistribution at its worst. Haven't we learned anything from socialist countries whose economies have failed as a result of such a philosophy?
Will We See the Gradual Nationalization of Government Contractors? [View article]
How many DoD procurement staff does it take to screw in a light bulb? Don't know - they have never succeeded in that task. Secretary Gates' plan to hire 39,000 more procurement staff - I know he has come up with a range of other labels for them like program management, engineering, logistics and business management - will simply add more civil servants "supervising" the contractors who get all the work done. This is nothing more than a major jobs program for returning military personnel, so why not just say so.
Sort by:
Latest comments | Highest ratedObama's Un-Stimulus Package [View article]
Will We See the Gradual Nationalization of Government Contractors? [View article]
Consensus: Outlook Is Bleak Save Commodities, Asian Emerging Markets [View article]
Analysts: Expecting a 30% Rally Over the Next 12 Months? [View article]