by Richard W. Rahn | Jan 31, 2012
President Obama keeps demanding that the rich pay more because “it is only fair.” In his State of Union address, he said millionaires should pay a minimum of 30 percent of their income in taxes. The 30 percent number seems to have come from divine inspiration rather...
by Richard W. Rahn | Jan 24, 2012
Last week, ABC News ran a story that led with the statement, “Mitt Romney has millions of dollars of his personal wealth in investment funds set up in the Cayman Islands, a notorious Caribbean tax haven.” What the reporters failed to mention was that ABC, a unit of...
by Richard W. Rahn | Jan 17, 2012
Cayman is rich, and Belize is poor. Why? Both are small Caribbean countries with the same climate and roughly the same mixed racial heritage, and both were English-speaking British colonies. Belize (the former British Honduras) received its independence in 1981, while...
by Richard W. Rahn | Jan 10, 2012
Despite pledges to cut spending by the new Republican House majority, it appears spending during the current fiscal year, which ends on Sept. 30, will actually be greater than in fiscal 2011. The House Republicans were filled with good intentions, but they got...
by Richard W. Rahn | Jan 3, 2012
On Dec. 28, the Financial Times announced, “China has again outshone the U.S. as the top venue for initial public offerings.” How is it that since 2008, a self-proclaimed communist country raises more capital and has more new firms going public than the great bastion...
