Wednesday, July 16, 2014

Quote of the Day: Equality vs Freedom

"Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom."~Alexis de Tocqueville

The Immigration "Crisis": Different Presective

This article was written by Mark Thorton Phd in 2007, as it provides a very different perspective from the common mainline thoughts regarding the issue surrounding illegal immigration.

He makes the connection between the Federal Government, The Federal Reserve and the Housing Crisis and illegal immigration.

The article can be read right here, as this is an excerpt:

"The only national problem with immigration lies with government. Because immigrants are relatively poor they tend to pay less in taxes than their use of so-called government services like health care and education, and thus increase taxes on citizens."

A second article regarding this issue is from Joel Poindexter, as it was written in 2011 regarding immigration. Here is an excerpt from this article:

"The only significant impact that immigrants have on the labor market is to increase the supply of labor, which tends to put downward pressure on wages. Everything else equal, the only way an immigrant will be hired over a native worker is if he is willing to accept lower wages. In order to maximize profits, business owners look to pay the lowest wage possible without affecting marginal productivity. If an immigrant is willing to work for less, and he is productive enough, it only makes sense to choose the lower-cost labor. Billions of people the world over make this same decision on a daily basis while shopping for goods and services — it's called bargain hunting."

The rest of the article can be read by clicking the link here..

Tuesday, July 15, 2014

Emergency Fund: 26% of Americans(polled in Survey) do have one

From the LA Times article, "About a quarter of Americans have no emergency savings, poll finds"

Key Excerpt:

"About 26% of Americans have no money saved to handle emergencies, according to a new poll that showed households making little progress over the past year in their ability to deal with financial trouble."

Monday, July 14, 2014

Quote of the Day: Bad Laws

"Bad Laws make socially advantageous acts illegal, and therefore leads to an undermining of morality in general."~Dr. Milton Friedman.

Saturday, July 5, 2014

Stuck in a Bad Retirement Plan? Consider a 72(t)

The 72(t) is a viable option for those who are seeking to roll out of a bad retirement plan. It allows one to roll out monies from a retirement plan(qualified plan) before 59 1/2.

Excerpt from the article:

"In case you don’t know what a 72t distribution is, this is shorthand for the Internal Revenue Code (IRC) Section 72 part t. The most popular provision of this code section, (actually IRC Section 72(t)(2)(A)(iv)), is known as a Series of Substantially Equal Periodic Payments – SOSEPP for short."

Read the rest of the article by clicking here.