State and local politicians have rigged the property tax system so they always come out ahead. When home values are rising (even if incomes are flat), they automatically collect more revenue. Sometimes they even decide to reduce the tax rate, though rarely if ever by…
Daily Analysis
Venezuela’s Evil Government
Hugo Chavez is a palpably evil thug, and he confirms this status with a new proposal to issue cards that almost certainly will be used to ration food. Left-wing despots claim that their policies put “people above profits,” but they never can explain why people…
A Basic – but Critical – Economics Lesson from Walter Williams
Just because something is free, that doesn’t mean there is no cost. This is the core message of Walter Williams’ column, which uses the example of “employer-paid” Social Security taxes to explain how politicians specialize in giving us very expensive things for…
Will Entitlements, Handouts, and other Government Programs Turn America into a Nation of Sheep?
If you saw the Wall-E movie, you may remember how people morphed into helpless blobs because all their needs were being fulfilled by something called BNL. I realize I’m a quirky libertarian, but the movie made me think about how excessive government is doing something…
Smoke for the Motherland
Excise taxes, where government taxes the sale of particular goods, are usually levied with the excuse that consumption of a good or engagement in a certain activity is harmful for individuals. If this were actually true, you’d expect government bureaucrats to…
More Arguments Against a Value-Added Tax
The biggest long-term threat to fiscal responsibility is a value-added tax, as I’ve explained here, here, here, here, and here. So I’m delighted to see a growing amount of research showing that a VAT is bad news. Jim Powell has an excellent column at Investor’s…
A Wide-Ranging Interview Covering Everything from the Gold Standard to the Value-Added Tax
The Free Market Mojo site asked me a number of interesting questions about public policy. I’m not sure all of my answers were interesting, but here are some snippets that capture my curmudgeonly outlook. I think it’s important to divide the topic into two issues, the…
Lifestyles of the Rich and Shameless
The gilded nobility otherwise known as politicians get lavish compensation packages, particularly when fringe benefits are part of the equation. But that doesn’t include their first class travel to exotic overseas locations. And even that doesn’t count the…
Record Levels of Dependency Are Nothing to Celebrate
One of the big problems with statists is that they define compassion incorrectly. They think they are being compassionate when they take other people’s money and give it to somebody that they define as being less fortunate. But genuine compassion occurs when you spend…
Great Moments in Regulation
This story from St. Louis, which my Cato colleague Walter Olson cites in a post about OSHA, is a typical example of bureaucratic stupidity and absurd “safety” laws. My favorite part is that the bureaucrat actually thought it would be reasonable to rent a lift for $750…