Topic: Taxation

Tax Strike!

– April 2, 2023

“For political reasons, the beefed-up IRS probably will not cause serious trouble until processing 2024 returns in 2025. Unless, that is, taxpayers rebel the only way they still can, via the electoral process, starting with candidate selection.” ~ Robert E. Wright

READ MORE

Let’s Cut the Budget Nonsense

– March 30, 2023

“The Biden administration’s goal seems to be to spend lots of money on new unnecessary programs or failing existing programs, and to pay for it with yet more debt and with novel taxes likely to fall more heavily on middle class Americans and small businesses than on big corporations or the rich.” ~ Robert E. Wright

READ MORE

Why Progressive Taxes Are Especially Harmful to Productivity and Harm the Poor

– March 28, 2023

“‘Progressive’ taxes impose a particularly strong disincentive for more productive work. Depriving the economy of greater productivity curtails the alleviation of poverty, and as a result disproportionately harms the poor.” ~ Brian Balfour

READ MORE

The Biden Budget: Smoke, Mirrors, and Class Warfare

– March 15, 2023

“Beyond tired class warfare rhetoric and anti-competitive measures, the Biden administration is attempting to increase not only the size of the state (through more taxing and spending), but also the scope of the state, through misguided commercial and industrial policy.” ~ Nikolai G. Wenzel

READ MORE

What To Do About Deficits, Debt

– March 15, 2023

“When it comes to fiscal follies, this time is different. Let’s not pass the buck. Instead, let’s make the necessary sacrifices to ensure the long-run integrity of the United States. Let’s plant the trees.” ~ Alexander William Salter

READ MORE

Taxation in the Data Economy: The ‘Invisible’ Competition

– January 9, 2023

“It remains to be seen whether data experts and policymakers will come up with a tax that encapsulates ‘fairness, certainty, convenience, and efficiency’ as Adam Smith argued for, but each idea is worth hearing in today’s data-governed market.” ~ Virginia Fournari & April Liu

READ MORE

Taxes, Special Privileges, and “Private Enterprise”

– November 17, 2022

“Income, corporation, and capital-gains taxes are taxes on the general welfare. Also harmful to the public welfare are protective tariffs and similar restrictions on how people may peacefully spend their own money.” ~ Donald J. Boudreaux

READ MORE

Is Wokeness the New Sumptuary Laws?

– July 16, 2022

“A truly free and socially-egalitarian society will reject sumptuary taxes, no matter what form they take. Awake to the woke, and reject how it’s spoke.” ~ Anthony Gill

READ MORE

Income Distribution and Inequality

– May 16, 2022

“Invariably, however, the proposed solution to any form of income inequality has been an indiscriminate and highly punitive progressive tax on all income and wealth, regardless of how it was earned.” ~ Robert F. Mulligan

READ MORE

Windfall Profits Tax Redux

– April 11, 2022

“Government intervention like windfall profits taxes keeps market participants, both producers and consumers, from acting to moderate extreme price changes on either the supply or the demand sides. It’s a proven strategy for making a bad situation worse.” ~ Robert F. Mulligan

READ MORE

Biden’s Billionaire Tax Proposal

– April 6, 2022

“The proposal just gives more ammunition to the extreme left in the Democratic Party—Elizabeth Warren, Bernie Sanders, Alexandria Ocasio-Cortez, and their allies.” ~ Randall G. Holcombe

READ MORE

As Fred Smith Steps Down as FedEx CEO, President Biden Steps In It

– April 3, 2022

“Against the longest of odds, billionaires rush a much better future into the present to all of our betterment. Fred Smith’s amazing accomplishments vivify this truth.” ~ John Tamny

READ MORE