Richardcyoung.com

Your Retirement State

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You may want to consider Barron’s state rankings when choosing a state for retirement. At some point the bill will come due for the bad actor states. Is your state a right-to-work state—you can’t be forced to join a union as a condition of employment? The National Right to Work Committee’s Stan Greer on Barron’s […]

Sticking it to the Man

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You’ve heard the frustrating stories about the government shutdown. So here’s a couple more. Clients of mine were in China last week. While over there, a local woman was driving them and said, “Your government closed.” Visibly upset and motioning with her hands, she said friends of hers were visiting the US for the first […]

“Who’s the President?” And I said, “An S.O.B.”

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The GOP is wrong to ignore the tea party and fiscal conservatives. The shutdown proves yet again that the Boehner’s, Cantor’s, and McConnell’s do not understand the heartbeat of their own party. You can read what’s wrong with the GOP here in the report by Stan Greenberg, James Carville, and Erica Seifert: Inside the GOP. […]

Your Trusted Adviser?

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Your job in selecting investment counsel has never been more difficult. And it’s not going to get any easier as you can see here. The Wall Street Journal reports that brokers get complaints against them scrubbed from the record in the vast majority of cases where they request it. Stockbrokers are being routinely allowed to […]

The Only State that Lost Middle-Wage Jobs

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You can see here which states are creating middle-skill jobs—jobs that pay between $13.84 and $21.13 per hour. “At the bottom, Rhode Island is the only state that’s lost middle-wage jobs the last few years. Coincidentally, it’s also seen a decline in high-wage jobs, meaning all of its job growth has been in occupations that […]

The Pigs in Washington

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“Over the last century, government’s fiscal machinery has been mostly gas pedal, little brake. In 1913, the 16th Amendment gave Washington open-ended power to tax income and borrow against it, with no offsetting restraint on spending or debt,” writes, David Malpass in The Wall Street Journal. The bond buying operation by the Fed is simply creating […]

It’s Yellen. Now What?

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Here The Wall Street Journal points out Janet Yellen’s weakness on inflation, something I’ve been talking about for a while. And in 1995 she said during a debate on inflation targeting that “when the goals conflict and it comes to calling for tough trade-offs, to me, a wise and humane policy is occasionally to let […]

Scrap the Income (Dividend) Tax

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100 Years ago this month, President Woodrow Wilson signed the 16th Amendment and the income tax was born. Now we have an army of IRS agents enforcing 73,954 pages of federal tax rules. Liberals love taxes to penalize the evil rich. As Chris Edwards from Cato points out, “The key problem is that liberals have […]

Barack Obama circa 2006

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Isn’t it amazing how times change? Zero Hedge reminds us here that Senator Barack Obama in 2006 refused to sign-off on increasing the debt limit: “I therefore intend to oppose the effort to increase America’s debt limit.”