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Parasites In The Lands Of The Infidels

Egypt’s Resilient and Evolving Social Activism

Why did Trump strike Syria?

In an interview, Amr Adly discusses his recent Carnegie paper on Egypt’s large private enterprises.

It’s Time to Take a Hard Look at the U.S. Relationship With Egypt

As we work to eradicate ISIS, Iraq's Christians, Yizidis need our help now more than ever

Should America’s Refugee Policy Put Persecuted Christians First?

Muslims Were Banned From the Americas as Early as the 16th Century

Review: ‘I Am Not Your Negro’ Will Make You Rethink Race

Inside Trump’s shadow national security council

Turkey in Transition (?): Before and After the Attempted July Coup

Trump Signs Executive Order Curbing Obamacare

Lion's Den :: Daniel Pipes Blog

Ur-Fascism

Aid in reverse: how poor countries develop rich countries

35 Entrepreneurs Making a Difference in the Arab World

Trump could cause ‘the death of think tanks as we know them’

The Arabs had a country

The Islamic State is attaining its key goal, and U.S. media find the story of “limited interest

While the Muslim Brotherhood gets all the ink, the Salafists go on a rampage.

Egypt, I like your style

The warning bells are ringing

To the Supreme Council of the Armed Forces

A test for the Muslim Brotherhood

Egypt’s changing foreign policy

Egypt beyond Mubarak

The dissolution of the NDP

Remaking Cairo from below

Why Egypt should join the ICC

No citizenship without social justice

Mubarak's message

A new era for US-Egypt relations?

The old regime must be prosecuted

Revolution Interrupted? Liberating the media

The Brotherhood on the edge of reform

Brother-tarianism

Buying the People’s Assembly

What do Salafis really want?

A state of counter-emergency

Minimum wage a cure for 'corruption'

Beyond the referendum

Reform security, secure reform

The Tunisian Revolution: Initial Reflections

The Egyptian Revolution: First Impressions from the Field

Lest the revolution turn into a wasted opportunity

The U.S. Should Not Get Involved in Libya

Five positions on the revolution

Urbanised Islam behind Pakistan's Sufi shrine bombings

Rethinking Internal Security in Egypt

Leo Strauss and the Grand Inquisitor

Push ahead now for a solution in Palestine

The Ongoing Attacks on Egypt’s Coptic Christians

SAUDI ARABIA'S ECONOMIC NEEDS AND THE PRICE OF OIL

Saudi Arabia and the Spectre of Protest

America Quiet on the Execution of Afghan Christian Said Musa

Egypt’s Copts in Al-Qaeda’s Sights

The Worldwide Danger of Religious Fundamentalism

Tread Softly

RECLIMING WOMEN'S RIGHT TO DIVORCE IN ISLAM

HOW SHARIA LAW PUNISHES RAPED WOMEN Hasan Mahmud

The global force behind Mumbai’s agony is in our midst

Some Discussions about Qur’an, Violence and Fitnah

Terror in the Name of God

The Adventure of an Islamic Reformer at Oxford, London, and Istanbul

Thank God for Justice

Using C hristian Principles to Enhance Economic Theory and Practice:

Worldwide Hate Speech Laws?

Freedom Agenda In Flames

Commentary: Candidates should seek votes of Muslim-Americans

Why Barack is Winning?

Indian Muslims and 'Terrorism': Some Searching Questions

Taqlid, Ijtihad, and Democracy

Election 08: Senator Obama, American Muslims and IslamophobiaStatement of Concerned Scholars about I

Struggling against sectarianism: Shia-Sunni ecumenism

“Happy Eid” from Turkey

Book Review: Islam in Post-Modern World

The Concept of Jihad in Islam

Downhill in Afghanistan:

> How Not to Toast a Tyrant

How Not to Toast a Tyrant

Manufacturing 'Terrorists' The Indian Way

Madrasas: Reforms a Must

AZERBAIJAN-TURKEY-ISRAEL RELATIONS: THE ENERGY FACTOR

Fort Lauderdale's Anatolia Cultural Center endeavors to 'show the real Islam'

The Balance of Tomorrow:

Book Review: Aurangzeb Revisited

America wants Iraq’s last drop of oil

Terrorising Muslims in the Name of Countering Terrorism

A proposal for new Iraqi/US co-operation and a suggestion of how this can be achieved

How will the Georgian struggle affect Iraq?

Is Obama a man of action as well as words?

Can moderate Iraqis believe Obama’s promises?

Can Iraq be ruled successfully by a Shia/Kurdish coalition?

Name of the Book: Issues in Madrasa Education in India

Dangerous Portents in Jammu and Kashmir: A View From Doda

London School of Islamics

Rethinking Kashmir Politics

Norman G. Kurland, J.D

Sir Salman Rushdie's fatwa against freedom of expression

You Still Can't Write About Muhammad

Muslim Women: The Dangerous Triangle

Judeo-Christian "Rights of Liberty" (and Muslim "Rights of Justice," as well ???)

Turkey's dangerous message to the Muslim world

Captive to a Discarded Cause

Egypt's sexual harassment 'cancer'

The Origins and Legacy of the Movement to Fight Religious Persecution

LEBANON'S MILITIA WARS

A secular state must deliver

“Islamic Economics” – Islam less, economics more-1

Exploiting the Muslim- Jewish divide is the wrong way to win votes.

How To Win The War Of Ideas (Glassman, WSJ)

The Olympic Games—Political Games?

Me without my Hijab

The changing face of American Islam

An Islamic case for a secular state

Getting a read on moderation

RETHINKING THE REVOLUTION?

Muslim Ghettoisation

Hurting their cause

Allah's Miracles in the Qur'an

Allah's Miracles in the Qur'an

Things are calm, time to talk

Awaiting China ’s implosion

The view from Bali

Why Blame Muslims Alone for Terrorism?

Consequences of Religious Extremism and the Lack of Democratic Principles

Cultural Accumulation and Modern Reading

Liberation Without War

Gaza's New Residents: Terrorists from all over.

Turkey in radical revision of Islamic texts

From the Archive
Symposium on Religion & Democracy
Quranic Terminology: Conceal (2)
The Interview of Dr. A. S. Mansour with Al-Arab Newspaper
No River Runs Backwards
Our Analysis of Events Taking Place in The Saudi Kingdom Now
Fatwas Part One-Hundred-and-Thirty-Five
Imran Khan: Why The East Sticks To Religion
The Pharaonic Kingdom of Fear and Torture
À propos de notre émission YouTube «Quranic Moments»: Un appel addressé à nos chers coranistes
The KSA on Its Way to Deny Sunna Hadiths: It Is NOT Difficult for the KSA to Reject Wahabism
L'Arabie saoudite sur le point de nier les hadiths sunnites: Le véritable danger posé par le wahhabisme au monde exige l'élimination immédiate du wahhabisme
The Islamic Identity
Stealing from the State?!
Appointment with life
Fatwas Part Ninety-Two
On Matters of Inheritance
Fatwas Part Fifty-Nine
The Best and Most Unique Birthday Gift We Have Ever Received
We Say the Following about the Debate about Quranists between the Egyptian President Abdel-Fattah Al-Sisi and the Head-Sheikh of Al-Azhar
The Al-Aqsa Rock in Jerusalem Is the Golden Pagan Idol for the Muhammadans
Yes.he is right - Hello I and my sister never known our biological father , we Grow up a... ......
Confused - its important to find someone to answer me asap,,, i am muslim (unti... ......
it is Halal - Asalam alakyum A question for Dr Sobhi Is it halal or haram to wor... ......
Norman G. Kurland, J.D

  by: :

With all due respect to Senator Obama and the Wall Street Journal, the favored tax treatment of corporate dividends, capital gains and inheritance of large estates under "The Obama Tax Plan" (WSJ, 08/14/08, A13) is based an outdated Keynesian assumption that new capital formation and expansion of private sector can only be financed only out of "old money" (i.e., existing accumulations of wealth). In his profound treatise The Formation of Capital (1935), Dr. Harold G. Moulton, then-president of the Brookings Institution, disproved Keynes' fundamental assumption - the rationale for favorable tax treatment of dividends and capital gains. Moulton proved that conventional wisdom regarding new capital formation actually harms the economy by reducing effective demand during periods of under-consumption. The demand for capital is derived from consumer demand. The presumed necessity to save before investing thus seriously cripples economic recovery.

Moulton demonstrated that, from 1830 to 1930, the periods of greatest investment were preceded not by reductions in consumption ("saving"), but by increases in consumption. Savings were not being invested, but spent on consumption. The money and credit to finance the formation of capital were created by the commercial banking system out of the inherent productivity in the economy. When presented with this evidence, Keynes' only response was that it was an illusion; that such a thing was impossible.

Senator Obama's belief that offering benefits to the rich in the form of favorable tax treatment of capital gains and dividends is on a par with Keynes' dogmatic faith in his own opinion. The fact is, we do not need the rich to reinvest their income. The rich confer greater benefits on society by spending rather than by saving, thereby generating the consumer demand that generates the demand for new capital. The new capital can be financed by creating asset-backed money through the commercial banking system by discounting qualified loans that meet high feasibility standards at one of the 12 regional Federal Reserve Banks, as provided in § 13 of the Federal Reserve Act of 1913.

The Fed's discount window was opened, inappropriately in our opinion, for bailing out Bear Stearns. If the Fed's money-creating powers can be done to save a company engaged in faulty speculation in radically overpriced existing securities and sub-prime mortgages (given Moulton's sound insights on money and credit), why can't the Fed back the financing of feasible private sector job-creating investment projects by the issuances of new shares on expanded bank credit collateralized and repayable with future dividends? Such a reform in Fed policy could be combined with a reform of the tax laws that, among other things, would make dividends deductible at the corporate level, effectively eliminating taxable corporate income.

Further, rather than restrict access to capital credit to the rich (who, by definition, have more than enough to satisfy their needs and legitimate wants), the credit to form capital can be made available democratically, to all citizens, via a program called "Capital Homesteading for Every Citizen," from the book of the same title. By financing new growth with equity issues in this way instead of relying on retained earnings, there will be more capital owners, and shares will achieve stable values. Instead of relying on capital gains, shares will pay dividends, and more shares will be issued to reflect new self-liquidating capital growth. Yes, share values would tend to stabilize when new shares are issued. America, however, could still grow synergistically with more citizens gaining legitimate access to wealth accumulations and greater income independence from the largesse of Big Government, Big Corporations and Big Labor. The difference between the two investment strategies is the same as the choice between one sixteen-ounce pie, or two eight-ounce pies, with barriers lifted so that more people can have a pie. Such a tax treatment of dividends for repayment credit for financing corporate growth assets is already available in laws encouraging leveraged Employee Stock Ownership Plans ("ESOPs"). (For the systems logic of our proposals, see Kurland, "A New Look at Prices and Money: The Kelsonian Binary Model for Achieving Rapid Growth Without Inflation," The Journal of Socio-Economics, vol 30, 2001.)

In conjunction with a Capital Homesteading program, the tax system needs to be reformed - but not along the lines suggested by either Senator Obama or Senator McCain. Making dividends tax deductible at the corporate level, eliminating most personal deductions and tax credits and raising the personal exemption to a realistic level (our admittedly limited research suggests that $40,000 for an adult and $20,000 for a child might be adequate), merging the payroll tax into general revenues (eventually substituting private sector dividends from Capital Homesteading assets for unsustainable Social Security, Medicare and other entitlement programs), and taxing all income above the exempted amount - including dividends and inflation-indexed capital gains - at a single rate sufficient to balance the budget and pay down debt is far more realistic than anything proposed by any of the current crop of candidates.

Under our projections, a child born today could accumulate a portfolio of income-generating assets of close to half a million dollars, receive an after-tax annual dividend income by age 65 of at least $50 thousand, and enjoy total dividend income by that age of about $1.6 million.

Yours,
Norman G. Kurland, J.D.
President
Michael D. Greaney, CPA, MBA
Director of Research
Center for Economic and Social Justice
www.cesj.org