Master investor Warren Buffett published an Op-Ed essay in the New York Times of August 15, 2011, entitled “Stop Coddling the Super-Rich.” Buffett said that his income tax rates are lower than tax rates on the other 20 people in his office. Buffett overlooked the fact that 99% of his wealth is invested in his company, Berkshire Hathaway, where corporate income is taxed at a rate about twice as high as Buffett’s personal tax rate and about as high as individual tax rates on Berkshire’s office staff. Buffett advocated significant tax rate increases on the “Super-Rich,” a group that he says includes 236,000 Americans generating $1 million or more of annual income. Continue reading
Today we have added an essay on health care to the chapter of the book entitled “Replacements for the Political State.”
While famine can be caused by extremely adverse climatic conditions, the most severe examples over the past century have been man-made via coercive politics and warfare. Sources for statements below are provided at the end of this post. Continue reading
Taking advantage of the unique characteristics of Internet publishing, we have already made editorial changes in the Book section of this site, and expect to do so in the future. If you have already read portions of the book, they may have been expanded since your last visit to the site.
HOW EVEN SMALL-TIME POLITICIANS TAKE ADVANTAGE OF TAXPAYERS: TO BE A CITY EMPLOYEE OR AN ELECTED OFFICIAL IS BLESSED—because you may receive extraordinary health insurance benefits. Continue reading
July 4th is our favorite holiday, as it marks the largest step forward so far in the advance of human freedom. Continue reading
The problems of Greece have been much in the news of late. Because such problems are not unique to Greece, we prepared the following last year as an article for another publication we issue quarterly. Continue reading