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Obama Buys $15 Million House

Barack and Michelle Obama are buying a nearly $15 million mansion on Martha’s 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 the Guardian 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 from 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 world’s population will own more wealth than the other 99%. From the socialists’ viewpoint, this justifies stealing [...]

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When Did I Become Wealthy?

COMMENT:  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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