New Jersey lawmakers still want to steal unused gift cards

Last summer, New Jersey ammended the state’s Uniform Unclaimed Property Act, allowing the state to seize (steal) unused money on gift cards. The law was signed by Gov. Chris Christie (R-N.J.). In November, a judge temporarily struck down the law. How I missed this before, I just don’t know, as is a prime example of actions…

Read More

Higher taxes, reduced deficits and Milton Friedman

While Congress debates whether to increase taxes on the “rich” (yes, allowing the Bush tax cuts to expire is a tax increase), it it worth reflecting on the words of the late economist, Milton Friedman. Politicians will always spend every penny of tax raised and whatever else they can get away with. And, a study done…

Read More