Intrepid Private Capital Group Financial News Blog

Intrepid Private Capital Group

TAXING RICH WON’T END INEQUALITY – BUT IT WILL MAKE US ALL POORER CLICK on this must read article! The misunderstandings on this subject are absolutely legion!

W. MICHAEL COX �AND RICHARD ALM Thomas Piketty’s “Capital in the 21st Century” fell as manna from heaven for the ideologist who fret about income inequality in the United States. The rock-star French economist proposes taxes of up to 80% on income and wealth � not, he acknowledges, to raise revenue and benefit the poor…

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Read and Remember! Fifty years ago � on July 2, 1964 � President Johnson signed into law the Civil Rights Act, described by one author as “the most important legislation passed in 20th century America.” Many Americans take justifiable pride in the last 50 years of progress in support of the principle of racial equality….

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So many see the raising of the minimum wage as a panacea. You may wish to read how it will affect Seattle. Washington already has the highest state minimum wage � $9.32 an hour � a healthy cut above the federal minimum of $7.25 an hour. The usual supporters � unions, Democrats, meddling activists and…

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Don’t Assume Nonprofits Aren’t Making Big Money

“Astute followers of the on-profit industry (as well as those who follow this page on our website) are not surprised at all by this News piece. Many – if not most – non-profits are quite profitable, while employing many artful methods of avoiding reporting so.”   If you’re not willing to clean up a nonprofit,…

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U.S. Chamber Of Commerce Takes A Dangerous Position

“The true price of “cheap labor” via immigration “reform” may, ultimately, be far higher than originally envisioned. Let’s call it what it is: Amnesty – and the cost to the U.S. tax payers of more than $6 trillion to assimilate more than 11 million illegals should be too ridiculous to consider. Ah, but all one…

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Bernanke’s Bullish Bravado

“The illusion that low interest rates signal easy money for entrepreneurial business growth is simply that – an illusion. The banks have no real incentive to lend and the EPA’s fanatic commitment to the destruction of the coal industry will continue to drive energy costs up, further challenging established companies, as well as startups.” We’re…

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Chinese Solar Stocks

Chinese Solar Stocks: U.S. Tariffs Vs. Chinese Panels

“There can be no argument with regard to U.S. commitment to alternative energy – especially as it relates to solar and wind power. The big question, however remains: How to convert cost-effectively and is a war on coal and oil really make sense until the alternatives are up to speed?” How will�Chinese solar stocks be…

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