Raise tax rate or cap deductions on the rich?

Obama said it’s a matter of fair shares when he wanted to raise tax rate on the rich. He wants to go back to Bill Clinton’s top tax rate of 39.6%.

Republicans insisted on not to raise the tax rates but cap deductions on the rich instead. Continue reading


Should we tax the rich more?

Numbers in Tax Contributions and Tax Rates

In 1999, the federal individual income tax rates under Bill Clinton—for heads of household: 15%, 28%, 31%, 36% and 39.6%.

In 2005, the federal individual income tax rates under George Bush after the so-called Bush tax cut—for heads of household: 10%, 15%, 25%, 28%, 33% and 35%. Continue reading

China’s new passport design

China may think its new passport design is clever

From an article from VOA (read here), China has just issued a new design on their passports—featuring a map of China with areas of the East Sea claimed by Vietnam, the West Sea claimed by Philippines, and other countries.

Beijing thinks this will force other countries—Taiwan, Brunei, Philippines, Vietnam—to stamp the passport pages with the map and indirectly to acknowledge the map.

What a sneaky move by Beijing. Taiwan’s government raised their objection on Friday. Philippines and Vietnam also objected earlier. This is viewed as the first move by the new regime in China in continuing to bully its way to the entire South China Sea.

What Vietnam can counter

Vietnam should make a special passport stamp for Chinese tourists. It should say…“Vietnam welcomes Chinese tourists” and below it show the map of China in 1904 that did not have the South China Sea (nor Paracels, Spratly Islands) as its claim.

China Map in 1904

China Map in 1904 — no Paracels/Spratly Islands

Philippines, Taiwan, Malaysia and Brunei also should do the same.

Ch3 Nguyen


Parting words from Ron Paul

Thanks for your service, Congressman Ron Paul

On his last speech to Congress, Ron Paul reminded Americans that the U.S. Constitution which intended to limit the power of government has failed.

“…The founders warned that a free society depends on a virtuous and moral people. The current crisis reflects that their concerns were justified…” said Ron Paul. Many of us don’t hold government accountable for their actions. A majority of us still voted for Obama even though he lied to Americans regarding Benghazi—and how he abandoned the 4 Americans to die there. Continue reading

Numbers in 2012 presidential election

So President Obama was elected by majority of people on November 6.

Many analysts have offered their opinions on why President Obama won and/or how Governor Romney lost the election. And with all political opinions, you take the ones from the right with your right ear, ones from the left with your left ear and use the brain in the middle to process and filter them out. In the end, of course, you will find the truth. Continue reading

October Unemployment Rate: Good or Bad?

The numbers—from Bureau of Labor Statistics

The unemployment rate in the U.S. rose to 7.9% in October:

—total unemployed as counted by the government: 12.3 million versus 12.1 million in September, a net increase of 170,000

—total number of people not in the labor force (and not counted in the government unemployment rate because they’ve given up searching for jobs): more than 6.6 million. If you add these people to the counted unemployed, the true unemployment is 18.9 million or a true unemployment rate of 11.6% Continue reading