Government is the Cause of Income Inequality, Not the Cure – Part IICommentary, featured, Foundation, Latest, TEF

by admin on February 5, 2014 with 0 comment

View as PDF Democrats continue to use “income inequality” as an effective wedge issue, according to Jim Tobin, noted Chicago economist and President of Taxpayer Education Foundation (TEF). “Actually, it is federal and state, and local governments that transfer wealth from average taxpayers to the wealthy, to politicians’ pet projects, and to favored labor unions …

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Government is the Cause of Income Inequality, Not the Cure – Part ICommentary, Foundation, Latest

by admin on January 21, 2014 with 0 comment

View as PDF Washington Democrats are using “income inequality” as a wedge issue, a ploy that has benefited them throughout the years, but their deceptive strategy masks the real inequality in wages and benefits, according to Jim Tobin, noted economist and President of Taxpayer Education Foundation (TEF). “While it is true that median incomes of …

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Happy Birthday to the Federal Reserve – 100 Years of War, Welfare, and PorkCommentary, Foundation, Latest, TEF

by admin on March 6, 2013 with 1 comment

View as PDF By Dennis Constant December 2013 is the 100th birthday of the Federal Reserve System (Fed). The Federal Reserve Act was conceived and described in a preliminary version in November 1910, at a secret meeting in the private resort of J. P. Morgan on Jekyll Island, off the coast of Georgia. Republican Senator …

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Phony Debt-Limit Deal Only Made Things WorseCommentary, Foundation

by admin on August 3, 2011 with 0 comment

Click here to view this ITEF Comment as a PDF. CHICAGO–The phony federal-debt-limit deal put together by Democrats and Republicans has fooled no one and has actually made matters worse, according to economist Jim Tobin, President of Taxpayers United of America (TUA). “You can’t fool the markets. On Wednesday, the Standard and Poor’s 500 hit …

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Total IL Government Retirees Receiving Over $100,000 a Year Soars 22% to 5,294Commentary, Foundation, Illinois, Pension Reform

by admin on July 5, 2011 with 1 comment

Click here to view this ITEF Comment as a PDF. The number of retired Illinois government employees receiving pension benefits of over $100,000 a year has climbed to 5,294 as of April 1, 2011, an increase of 22% from June 30, 2010, according to the president of Taxpayers United of America (TUA). Of the six …

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Inflation Forecast Forewarns of Perilous Devaluation of AssetsCommentary, Foundation

by admin on June 23, 2011 with 1 comment

Click here to view this ITEF Comment as a PDF. By Dennis Constant In 1971, President Nixon imposed wage and price controls. Inflation was 4%. According to The Econ Review, “By the prevailing historical standards, such inflation rates were thought to be completely intolerable.” The Nixonian measures were not successful. “The wage and price controls …

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Illinois “Education Reforms” a ShamCommentary, Foundation

by admin on June 16, 2011 with 0 comment

Click here to view this ITEF Comment as a PDF. “The so-called ‘education reforms’ passed by the Democrat-controlled Illinois General Assembly and signed into law by Gov. Patrick Quinn (D) are a sham and a smokescreen,” said the President of the Illinois Taxpayer Education Foundation (ITEF). “This legislation is a smokescreen for the recently-passed, gargantuan …

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Lincoln’s Unpopular War—Part 2Foundation, TEF

by admin on March 28, 2011 with 0 comment

April 12, 2011, marks the 150th anniversary of the start of the War Between the States. Prior to the fall of Fort Sumter, few Americans North or South wanted war.  On February 18, 1861, Confederate President Jefferson Davis called for peace:  “There can be but little rivalry between ours and any manufacturing or navigating community, …

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