Political Equinox

If you haven’t heard of the FairTax, you really should check out the proposal. It’s a 23% national retail sales tax that replaces all current federal taxes including the income tax, payroll taxes, and corporate taxes, among others. In order to ensure that the burden of this taxation is not taken on by the lower class, the FairTax includes the prebate. The prebate gives money to every American family before the month begins up to the poverty level.

Bringing Capital Back Into America

Currently there are some $10 trillion dollars of capital that has been moved away from the United States into foreign assets in order to shelter these assets from the aggressive and oppressive United States tax laws.

All of this …

Tags: America, economy, FairTax, income tax, money, taxes

The Issue: In today’s New York Times there was an interesting article regarding Harvard University’s change in the way they distribute financial aid. They have decided to “…expand financial aid to students from families earning as much as $180,000 a year” which would include many middle and upper middle class families. Harvard, as a leader in financial aid practices, has already inspired other institutions to follow their lead. Some believe this is fortunate for the US postsecondary system, as it would expand financial access to elite private institutions, not just to the wealthiest and to the poorest that already receive significant “need based” financial aid.

Many colleges and universities feel they would not be able to provide that much financial …

Tags: financial, income tax, Middle Class, New York Times, tution