Written by Neil Kelty on October 14th, 2008
Professor Charles Franklin from the University of Wisconsin lectured at Indiana University on Tuesday, September 30. Franklin is the Co-Director of Pollster.com, a website that tracks presidential polling and aggregates data from a variety of polling sources.
Franklin states two criteria for effective display of data on Pollster. First, the data must be “put in perspective.” You can’t spin the data attempting to turn it into something that it doesn’t say. Second, there should be “No cherry picking.” Franklin emphasized that you cannot select certain polls to include in your aggregation to bias results in one direction. If you do this then you’ve eliminated the entire worth of the
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Written by Neil Kelty on September 25th, 2008
I’ve spent hours combing over articles in the Wall Street Journal, New York Times, CNN, and blogs. It seems to me that this Paulson Plan is pretty far from getting any sort of okay from Congress, and I honestly hope it stays that way. Purchasing all this costs way too much money when all we really need to do is get the market for this stuff moving.
Of everything I’ve read, I find the proposal of top economist, Brian Wesbury. The plan has been most promoted by Dave Ramsey, the “Get out of Debt Guy.” While I sometimes question Dave’s macroeconomic theories, I think he’s made an excellent choice in going towards Brian’s (and likely other economists’) plan.
The Revised Bailout Plan
Suspend …
Written by Neil Kelty on September 14th, 2008
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 …
Written by Neil Kelty on August 22nd, 2008
Yes, you read that right. America already has a system in which we pay for the healthcare of others that is deeply embedded into our economic system. We pay for it every single day without even realizing that we are covering the healthcare costs of our fellow Americans.
No, I am not talking about Medicare, Medicaid, or any other government sponsored healthcare plans. The universal healthcare I am talking about is employer-sponsored healthcare plans.
Letís take a trip back to our high school economics class and take a look at how businesses price their products. All companies hope to earn money through the sale of their product or service, so they deduct expenses from the cost of the product and then you …
Written by Neil Kelty on August 20th, 2008
Last week Republican Governor Mitch Daniels proposed privatizing the state lottery to pay for his proposed Hoosier College Promise scholarship program. The program offers Indiana residents two years free tution at Ivy Tech Community College or $6,000 to attend another college. Of course, we can’t afford to give this offer to everyone so the program will only be available to those who earn less than $60,000. Sounds great, right?
I’m all for helping people who are on the lower rung of the economic spectrum get ahead and become highly successful individuals (not saying success is measured by an income lesser or greater than $60,000, but I think you get my point). However, Daniels program of privatizing the lottery to pay for …
