July 4, 2015

Politics

Political decisions have a huge impact on both your financial and personal life. Learn what David John Marotta thinks in his two part series Why I Lean Libertarian and get refreshed by his 2012 candidacy announcement under his self-proclaimed Financial Freedom Party in Ignore the Politicians and Take Control of Your Financial Freedom.

Why is Organic Food Expensive?

Why is Organic Food Expensive?

Organic food has a reputation for being healthier than non-organic food, but neither of these claims should be taken at face value.

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The A’s of Government (2012 Budget)

The A's of Government (2012 Budget)

This is a complete list of the budgets and purposes of the federal agencies that begin with the letter A.

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Why Liberals Should Hate Real Estate Taxes

Why Liberals Should Hate Real Estate Taxes

Taxes hurt ordinary folks before the extraordinary ones, and it can hurt them badly.

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Tax by Fiat: Legacy of Alexander Hamilton

Tax by Fiat: Legacy of Alexander Hamilton

Hamilton, like our current president, sees people as temporary holders of wealth until such time as the government decides to expand.

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Tax by Fiat: Legacy of James Wilson

Tax by Fiat: Legacy of James Wilson

The arguments for greater government power have always been the same.

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Sordid History of the Income Tax: from 3% to 39.6%

Sordid History of the Income Tax: from 3% to 39.6%

The only time the original terms of the Constitution have been explicitly rejected and changed was to give the government the right to tax people unequally.

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Did Obama Violate an SEC Regulation?

Did Obama Violate an SEC Regulation?

From the blind eye of the law, this seems like a violation of SEC regulation.

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Sheryl Garrett Should Have Distanced Herself From Obama Like The AARP

Sheryl Garrett Should Have Distanced Herself From Obama Like The AARP

It isn’t too late to print a retraction.

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Rethinking Government Spending

Rethinking Government Spending

In 2013, Nancy Pelosi said “there’s no cuts to make,” but that’s ridiculous.

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Twitter’s Reign of Terror

Twitter's Reign of Terror

“They find whatever is different and peck it to death.”

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How Much Does the Government Cost?

How Much Does the Government Cost?

Is it fair for the government to confiscate a full quarter of the average person’s earnings every year? Where does it all go?

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“Citizenfour” Reminds Us We Should Still Be Outraged

"Citizenfour" Reminds Us We Should Still Be Outraged

The domestic spying of the executive branch deserves our outrage. Efforts like “Citizenfour” that keep the issue in the public eye deserve our support.

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Taxed Enough Already?

Taxed Enough Already?

An unlimited power to tax necessarily involves a power to destroy.

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Who Really Pays the Income Tax?

Who Really Pays the Income Tax?

Income taxes are the largest portion of the federal government’s annual tax haul. But who foots the bill?

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The President’s Impact

The President's Impact

Obama evidently believes that politicians are elected to make a difference in the lives of Americans. The problem is that no one can opt out of a federal impact.

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How Much Government: The Math

How Much Government: The Math

See the math behind the dangers of having such a large number of people employed by government.

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Wealth Redistribution and the Most Social President

The Most Social President

The loudest tend to drown out competitors regardless of whose reasoning is better.

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Video: My Experience with The Drudge Report

My Dad & The Drudge Report

A short documentary film showing how the media thrives on misleading headlines.

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How Much Government Do We Really Have?

How Much Government Do We Really Have?

Our governments employ 17.44 million people, 14.90% of the full-time working-age US population. This is larger than the 14 least-populous states put together.

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Federal Program Inventories vs OMB: $622 Billion Missing

The Missing $622 Billion

With trillions of dollars to spend, you’d think the least the government could do is maintain consistent records.

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Trying to Talk to Government? Good Luck.

Trying to Contact Government? Good Luck.

Despite a government “of the people, by the people, for the people”, I have found myself told time-and-again, “You’re on your own”.

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The Delirious Happiness of Free Market Choice

The Delirious Happiness of Free Market Choice

Here is one of the most brilliant breakthroughs in all of food science and how it relates to almost every aspect of life.

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Obama Acts Like a Mob Boss, But There Is a Solution

Obama Like a Mob Boss

A mob boss exercises absolute control over his many followers and profits from the often criminal activities of his organization.

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Contact Lens Regulations Cost Consumers Billions

Contact Lens Regulations Cost Consumers Billions

It is illegal to sell contacts in the United States without requiring a prescription. A Federal Trade Commission regulation provides penalties of up to $11,000 per violation.

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Inversion Is The Latest Corporate Tax-Cutting Strategy

Inversion Is The Latest Corporate Tax-Cutting Strategy

The United States is the only country that imposes a tax on all income the company makes whether it is earned within or outside the country.

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How Not to Promote College Innovation

How Not To Promote College Innovation

These noble-sounding goals intuitively appear useful, but the federal government has only two ways to encourage change and neither of them helps in this case.

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How To Buy A College Degree

How to Buy a College Degree

Unfortunately, Obama’s good intentions are thwarted by the economic principle formulated by banker Charles Goodhart.

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The Economics of a Thanksgiving Turkey

The Economics of a Thanksgiving Turkey

The average factory-farmed frozen turkey from a grocery story is sold for as little as $0.67 per pound. Economics can offer five explanations.

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We Need a Partial Shutdown of Government

Partial Shutdown Needed

Unless McConnell is willing to risk a government shutdown, he will ultimately have to acquiesce to Obama’s wishes.

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Radio: Parts of the Government Should be Shut Down

Wilted Leaf

David John Marotta was interviewed discussing government waste and what would happen if parts of the government were shut down.

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Mailbox: Which States Allow Prize-Linked Savings Accounts?

The Drive of the Lottery

There are thirteen states so far. Does your state allow them?

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Do New Healthcare Plans Cost More?

Cost of ACA-Compliant Healthcare

Last year plans were being cancelled. This year, citizens are receiving notifications of rate hikes in the double digits. Is this really happening?

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The Influence of American Values on Garry Kasparov

Gary Kasparov

As a libertarian and former chess prodigy, I enjoyed very much an address by Gary Kasparov at the Cato Institute entitled, “The Influence of American Values.”

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Planning Clients Often Don’t Get What They Pay For

Sad Stop

While I agree with the study, I don’t know that I agree with the prescribed solutions suggested.

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Which public policies help to decrease disparities in the distribution of wealth?

Be Stupid

What if only enough redistribution were applied so that the top 1% (or whatever top segment) has just 15% of all wealth instead of 40% or whatever it is now?

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The Luck of the Lottery

The Virginia Lottery

Government-run lotteries have a sordid and monopolistic past. Should we enforce a separation of sin and state?

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Five Lessons from the Whiskey Rebellion

Protest

The Whiskey Rebellion established the sovereignty of “we the people” to tax and oppress any selected group.

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Appreciating Donor Advised Funds

Wrapped Gifts

There are five ways that both you and the government could make charitable giving more significant.

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How Can We Make Medical Insurance Affordable?

Doctors at work

We must return, as much as possible, to a fee-for-service approach to health care and restore the traditional doctor-patient relationship.

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Why Do Physicians Permit, If Not Encourage, Futile Medical Care?

Mark Marotta

We can only afford to allow others the freedom to strive against death when we are not trying collectively to subsidize it.

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Radio: More on the Economics of Healthcare

Money Pills

Individuals should be free to weight the healthcare costs and benefits, risks and savings, and make the decision that best fits their circumstances.

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Mailbag: Screenings useful in cancer fight

2014-08-27 Letter

Again, we were asking if such screening saved insurance companies money, and the answer is, “No.”

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Skin in the Game of Health Care

Piggy Bank on Money

“Shouldn’t patients and their families have some skin in the game as a brake on the profligate spending of other people’s money for health care?”

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Cryptic Medical Bills And Health Insurance

Eyechart

Next time you receive an unintelligible medical bill, remember how hard it is for your doctor to get paid.

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Failed Experiment at the SEC

Chaos Lab

Those who don’t understand or experience regulatory capture wrongly believe in a team of angels at these federal agencies tirelessly working for the common good.

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U.S. Health Care Costs versus Health Outcomes

Teddy Bear Hospital

Asians in New Jersey have the best life expectancy of any racial or ethnic group.

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Radio: Third Party Payer Systems

Money Pills

David John Marotta was interviewed on radio 1070 WINA’s Schilling Show discussing the economics of third party payer systems.

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Why Are Insurance Companies Reluctant To Cover Preventive Care?

Pink and Blue Piggy Banks

Now there is absolutely no charge for a costly set of test and procedures on the all-you-can-spend preventive care buffet.

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Do We Need Price Controls to Stop Exorbitant Hospital Fees?

Injured piggy bank with crutches

After the birth of my (David’s) first child, my wife and I noticed we were being billed for a very expensive bedpan and box of tissues that we had never used.

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Third-Party-Payer Markets

Economics by Colander, Seventh Edition

Anytime a third-party-payer system exists market forces will not hold down costs as much as they would otherwise.

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