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Business Ownership and Wealth Management

Dana Barfield

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Top Stories by Dana Barfield

"This was the o bject of the Declaration of Independence. Not to find out new principles, or new arguments, never before thought of, not merely to say things which had never been said before; but to place before mankind the common sense of the su bject, in terms so plain and firm as to command their assent, and to justify ourselves in the independent stand we are compelled to take." --Thomas Jefferson "All that I have, and all that I am and all that I hope to be in life I am now ready to stake upon it; and I leave off as I began, that live or die, survive or perish, I am for the declaration." --John Adams at the signing of the Declaration of Independence "In Europe, charters of li berty have been granted by power. America has set the example ... of charters of power granted by li berty. This revolution in the practice of the world, may, with an honest praise, be pron... (more)

Social Security and Medicare Flap

The real budget issue at present (and it’s only going to get worse) is the structure and cost of entitlement programs. Bush’s defense and security programs in the aftermath of 9/11, as well as the TARP and Financial Institution bailouts, pail drastically in comparison to the unchecked increase in Social Security and Medicare that has already occurred and continues to take place. At the present rates of tax revenue and payment for entitlements, tax rates will have to double over the next 60 years. Yet the problem need not advance to this degree. IT CAN BE SOLVED. Paul Ryan’s “Road... (more)

S & P Downgrade of the U.S

Let’s make clear what is happening today, what relationship this bears to the Standard & Poor’s downgrade of the U.S. financial system, and how it affects your plan for retirement. There is some legitimacy to the concern over the debt rating reduction. For as long as anyone can remember the United States of American has been the gilt-edged standard of financial wherewithal and responsibility (70 years to be exact). To be downgraded, though somewhat symbolic, is a shock to the system. S&P’s concern is the amount of debt we now have; in excess of $14.5 trillion today, which is $ 4 ... (more)

Christmas Could Never Get Started Today

This time of year is a favorite for children of all ages – I happen to be one of these kids – in part because of the television programs that are shown around Christmas. A Charlie Brown Christmas, Santa Claus is Coming to Town, Rudolph the Red Nose Reindeer, and How the Grinch Stole Christmas, have been favorites of mine since TV went from exclusively black and white to poor quality color. This is no coincidence as these programs were made in the mid 1960’s. As I was watching this year, it occurred to me that if at this time in history Christmas had not yet been established, if so... (more)

Unemployment – Causes and Consequences

Somewhere on the internet last week, mention was made that unemployment for high income people was (essentially) non-existent, while extremely high for low income earners. I was able to track down that data for the fourth quarter of 2009. Here it is by income: As you can clearly see the lower income levels are experiencing the greatest difficulty finding jobs. Interestingly enough, this data is not making its way into the mainstream. But even more interesting is the set of “circumstances” that has caused this, or at least occurred in the same approximate time frame. Minimum Wage... (more)