Blog
A Real Fact Check on the Trump Tax Cuts
While the Democrats love to yell at the rich for always getting richer, in 2016, there were 541 US billionaires with wealth totaling about $2.4 trillion. In 2019, [...]
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Obama Buys $15 Million House
Barack and Michelle Obama are buying a nearly $15 million mansion on Marthaās Vineyard. They had rented it out in August from the Celtics co-owner Wyc Grousbeck, [...]
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Massachusetts Seeks to Change its Constitution to Use Taxes to Discriminate Against People
The politicians have a golden rule. When the courts prevent them from raising a tax, they call it something else to impose it. Massachusetts, the bastion of [...]
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What Type of Government Should We Strive For?
Some ask why I only criticize the left and not the right. As theĀ GuardianĀ wrote, the left is on the rise. There are 50 shades between left and right. If we are [...]
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Social Inequality – Who Actually Creates It?
QUESTION: Dear Martin Armstrong, I appreciate very much your economic analysis and read your blog nearly daily although I disagree with some of your political [...]
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Milton Friedman on Capitalism
Most of the wealth earned by the 1% is fromĀ INVESTMENT, not wages. So why are the 99% oppressed? Largely taxes. For example, Social Security is a simple tax. That [...]
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Why the Top 1% Get Richer
The socialists love to tout that 1% of the worldās population will own more wealth than the other 99%. From the socialistsā viewpoint, this justifies stealing [...]
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When Did I Become Wealthy?
COMMENT: Ā Martin, your recent post makes me wonder when did I become “one of them rich people”? We have a family business, it’s no glamour job, I [...]
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Inequality of Wealth
1904 View of Standard Oil During the Progressive Era around 1910, the Marxist view of the world was all about the massive wealth of the very rich like Rockefeller. [...]
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