Donald Trump has insisted that he cannot release his taxes because he is currently being audited, an occurrence which he says happens to him year after year. But according to IRS Chief John Koskinen, that’s a bunch of bologna. Koskinen, while not legally able to comment on individual cases, did state that successive audits being done…
By Andrew Follett The average American now pays less than $1.80 for a gallon of gasoline. Prices today are the lowest they’ve been since 2009 but can vary a great deal depending on the state. A report published Thursday by the American Automobile Association determined that the U.S’s highest gas prices can be found in Hawaii and California, which pay an average…
Guy Bentley Taxing medical marijuana could generate tens of millions of dollars and sustain 10,000 jobs for the state of Michigan, according to an economic impact analysis. Director of economics at Hillsdale College Dr. Gary Wolfram believes taxing marijuana could rake in between $44.3 and $63.3 million per year for the state. “It will…
Connor D. Wolf A Massachusetts-based business professor, who supports raising the minimum wage, is urging lawmakers to proceed with caution as his state and others move to a $15 an hour minimum wage. Endicott College Professor Robert Chambers argues policies that raise the minimum wage can do a lot to address income inequality. The problem,…
By JP Carroll President Rafael Correa of Ecuador will not be running for re-election as the leader of his oil rich OPEC member country which he has ledsince 2007 and is facing economic turmoil due to low global oil prices. The country’s National Electoral Council announced Feb. 19 that elections would be held a year from…
By Connor D. Wolf Democratic presidential candidate Sen. Bernie Sanders of Vermont admitted Thursday that raising the national minimum wage to $15 an hour could cause a rise in prices but added the benefits outweigh the risks. Sanders argued prices would only increase by a few cents. He made his claims while debating his main…
By Andrew Follett Obama’s proposed oil tax would do a tremendous amount of damage to the economy, according to a recent report. A report published Tuesday by the conservative Tax Foundation found Obama’s plan to slap a $10 tax on each barrel of oil would kill 137,000 American jobs and cost the U.S. economy hundreds…
This is the 1984 public debate between the Objectivists (Leonard Peikoff and John Ridpath) representing the capitalist view, against the Democratic Socialists (Gerald Caplan and Jill Vickers) representing the socialist view. The debate is over morality. Which system, capitalism or socialism, is more moral? Part One is the introductions, skip down to Part Two below…
by Joe Klare Legal marijuana means big profits that no longer go to criminals and cartels. So who is going to get those legal cannabis profits? Obviously those with the drive and foresight to navigate a new and evolving industry; also, being a celebrity doesn’t hurt. Celebrities are flooding into the “dope game.” There are…
Andrew Follett The oil boom in North Dakota is slackening due to low prices, but the region isn’t close to going bust and still has tons of jobs, details a Sunday article in The New York Times. The shale boom has utterly changed North Dakota’s economy, making it the center of America’s rapidly growing oil industry…