Tax Revenue

Peak Savings: Wall Street Faces 20 Years Of Retirement Withdrawals As Boomers Hit 70 1/2

The United States is a demographic time bomb, plain and simple.  Over the next 30 years, the U.S. economy will face an unrelenting demographic transition as ~75 million baby boomers exit the highest wage earning years of their life and start to draw down what little retirement savings they've managed to tuck away while wreaking havoc to the public "safety net" ponzi schemes, like Social Security, that will almost certainly be insolvent in a decade.

Size Matters - No Country Should Be Bigger Than This

Even for those who want states to provide certain amenities, many modern states are far, far greater in size and scope that what is even necessary to provide those amenities in the first place. Unfortunately, the primary effect of bigness in these states is to enhance the power of the state and limit the ability of citizens to escape the state's taxes and impoverishing regulations.

2017: The Year When The World Economy Starts Coming Apart

The history of previous civilizations rising and eventually collapsing is well documented. Our current economy seems to be following a similar pattern... Our fundamental problem is the fact that neither high nor low energy prices are now able to keep the world economy operating as we would like it to operate.

Kunstler: 2017 Is When The Wheels Finally Come Off

The American people have been punked by their own government and their central bank, the Federal Reserve, for years and the jig is now up. In 2017 both will lose their authority and legitimacy, a very grave matter for the survival of this republic.

A Biased 2017 Forecast, Part 1

"We are prone to overestimate how much we understand about the world and to underestimate the role of chance in events..."

Why The Bill Of Rights Is Failing

225 years ago today, the first ten amendments were added to the new Constitution of 1787. Those amendments have come to be known as the Bill of Rights. The fact remains that the American public generally tolerates countless violations of the Tenth Amendment, the Ninth Amendment, the Sixth Amendment, the Fourth Amendment, the Second Amendment, and now even the First Amendment is being targeted by labeling objectionable ideas as "fake news."

Getting In Bed With Government

The recent deal to keep Carrier jobs in the United States is not at all unusual. It only received so much press because Trump made it a campaign issue and saw an opportunity to record a big early PR victory before he even took office. In reality, the intertwining of government and big business meets the definition of fascism.