Pump. Pump. Pump. Don’t you love that sound? It’s the sound of your heart beating. It’s the sound of your bouncy fitness instructor cheering your class to: “Pump, pump, pump it up!” But, it sounds best if you’re in Washington, D.C. – at the Department of the Treasury – watching freshly baked dollars get pumped into our economy.
Inflation is a term that’s tossed around rather casually lately. My assessment is that many Americans have become resigned to the notion that inflation is the ultimate destiny for our currency. Billboards, T.V. and radio ads for gold abound: Inflation is coming! You better defend yourself! Continue reading →
In the face of politicians trying to ram unfavorable, fiscally irresponsible health care proposals through the Senate that extend government control, raise taxes and reduce liberties, Americans have started to say: “Enough is enough.” It’s true that sometimes you don’t know how great your life is until something basic that you take for granted – like freedom – is at risk of disappearing.
It is not surprising, then, that the queen of capitalism, Ayn Rand, is making a roaring comeback among American professionals of all ages. Continue reading →
My favorite WWII sailor passed away in January. I was fortunate enough to share supper with him the night that he died. My Grandpa, Richard, taught me some important lessons through his example of service for our country. He gave me the passion and desire to write about the qualities that make America great. Today is Veteran’s Day, so I think it would be appropriate to share the wisdom of “Pops.”
We’ve all met veterans. The most undeniably attractive quality that U.S. veterans share is their patriotism. My grandpa tried to pass this patriotism on to me. In high school, I would sit in fascination as he would tell me stories of his experiences in World War II. I was amazed by his bravery and humility. Continue reading →
As a young professional, I’m puzzled when I hear another young businessperson make a statement that conveys the following idea:
“Stringent green practices are going to become law. We need to do what we can to make sure we are in compliance with the law before it gets here.”
Certainly climate legislation is coming down the pipeline. Yet, just because legislation is proposed and has momentum behind it doesn’t mean that it’s the best solution for national economic or climate issues. As a LEED AP, I personally believe that we should do everything we can to protect and preserve our planet. I also think that the business community needs to speak up for the interests of the economy and work with elected officials to find a fiscally responsible way to take care of the earth. Continue reading →
As I began discussing here and here, cap-and-trade would introduce the new concept of a “right” for corporations to emit limited amounts of CO2 – before man-made CO2 emissions have even been proven significantly harmful to the earth. It’s dangerous to give our politicians the ability to create new “rights” based on such preliminary science because the origination of rights should be reserved for:
If you were a politician and you wanted to ensure your political future, you’d need to be careful when you proposed increases in taxes during a recession. But, in order to pay for new or growing government programs, you typically need to raise taxes. So, as a smart politician, you’d only support tax hikes that would secure you votes and a pat on the back, not a pink slip from your constituents on Election Day.
Cap-and-trade is the sexiest new tax proposal in the Senate. Our country is in a recession, but we are also in the middle of a massive green movement. Today, more than ever before, individual Americans and American corporations are trying to do everything they can to either be or appear to be green. For some, being “green” is about doing the right thing. For many others, it’s about doing the right thing, marketing and being fiscally responsible by saving energy costs. For politicians, however, their interest in supporting green taxes cannot be separated from self-preservation and attracting votes. Continue reading →
If you’re a young professional, you want to know, how will the current cap-and-trade bill impact you if it passes in the Senate? I’ll try to break this proposed legislation down and explain how it will impact you as a young taxpayer and a young professional so that you can decide what you think about it.