Those who said after President Barack Obama’s speech last week to Congress that government does not create wealth, does not create jobs and cannot stimulate the economy spoke nonsense. So do those who say that only private business creates wealth, as if any revenue going to taxes destroys wealth. Adam Smith, who figured out market capitalism in his 1776 book “The Wealth of Nations,” could set them straight. We have plenty of equally competent economists who understand these issues today. They just do not get the attention that the news media lavish on high-profile politicians and pundits who speak with absolute certainty on matters about which their words show they know nothing. [DCJ/Reuters]
- Caleb Newquist
- September 11, 2010
Just a hunch.
A federal jury on Thursday convicted the co-founder of an Islamic charity chapter who was accused of helping smuggle $150,000 to Muslim fighters in Chechnya.
Pete Seda was convicted of one count of conspiracy to defraud the government and one count of filing a false tax return. His lawyers said they would appeal.
But forget religion for a minute. What burns us up is that this guy Seda is blaming his accountant for the whole mess:
Seda claimed the money was intended as a tithe that his accountant failed to disclose on a tax return for the U.S. chapter of the Al-Haramain Islamic Foundation in Ashland, Ore. The foundation has been declared a terrorist organization by the U.S. government.
On the other hand, isn’t throwing an accountant under the bus something all religions can embrace? We’re searching for the common ground here, people.
- Caleb Newquist
- January 12, 2010
[caption id="attachment_23858" align="alignright" width="260" caption="Dude. Code is this thick."][/caption]Just because you’re in charge of the IRS doesn’t mean you know
anything everything. Doug Shulman was on C-SPAN over the weekend (we’re sure you saw it) and admitted that he uses a tax preparer.
His rationale is, “Look, I’m a busy dude, I don’t have time to do my own taxes. Besides, have you seen the size of the tax code? It’s a flippin’ mind job.”
Or in his own words:
“I’ve used one for years. I find it convenient. I find the tax code complex so I use a preparer,” Shulman said.
Pressed on how he would make the tax code simpler, Shulman responded, “I don’t write the tax laws. Congress writes the tax laws so that’s a whole different discussion.”
Unapologetic as usual, Dougie. We’ll give him credit though – admitting that the tax code that you’re in charge of enforcing is too complex is admirable (although not a news flash).
Plus, he goes so far to say that he’s powerless to do anything about it. Now that’s transparent government!
IRS commissioner doesn’t file his own taxes [The Hill]
- Adrienne Gonzalez
- March 7, 2014
Ladies and gentlemen, we have an early contender for worst client of the 2014 filing […]