The President wants us to believe that the recent IPO for General Motors was a smashing success. And it was…if you believe that it’s a good idea to lose money (the direct cost of the bailout) and make the economy less efficient by misallocating resources (the indirect…
Daily Analysis
Exposing Warren Buffett’s Dishonesty and/or Innumeracy on CNBC
I get nauseated and disgusted when guilt-ridden wealthy people try to come across as friends of the common man by endorsing soak-the rich taxes. I’ve even debated a couple of self-loathing trust fund babies (see here and here) about class-warfare policy. If neurotic…
Hungary Joins the Flat Tax Club
Every since the current government won a landslide election, there’s been a widespread assumption that Hungary would be the next nation in Europe to hop on the flat tax bandwagon. Well, the assumption has become reality. Here’s a report from Tax-news.com.
Don’t Blame Ireland’s Mess on Low Corporate Tax Rates
Ireland is in deep fiscal trouble and the Germans and the French apparently want the politicians in Dublin to increase the nation’s 12.5 percent corporate tax rate as the price for being bailed out. This is almost certainly the cause of considerable smugness and joy i…
Column on TSA Wins “Sentence of the Day” Contest
Our airport security system is a giant hassle. It’s very costly. And now we have the incredible privilege of having government bureaucrats grope our private parts.
So are we getting big benefits to offset these high costs? Mark Tapscott of the Washington Examiner h…
Another Tax-Hike Scheme from another “Bipartisan” Group of Washington Insiders
I’ve already commented on the proposal from the Chairmen of President Obama’s Fiscal Commission (including a very clever cartoon, if it’s okay to pat myself on the back). Now we have a similar proposal from the so-called Debt Reduction Task Force. Chaired by former…
Obama’s Proposed Payroll Tax Increase Is a Growing Threat
Back during the presidential campaign, Barack Obama proposed several tax increases. Some of those tax hikes, such as the proposed higher income tax rates on investors, entrepreneurs, small business owners, and other “rich” taxpayers, have received a lot of public…
More TSA Humor
Here’s what Conan had to say about the Transportation Security Administration on his new late-night talk show. In San Diego, a man refused to be patted down by airport security and some people are calling him a hero. I don’t mind being patted down by airport security,…
Bashing the Federal Reserve
I’m utterly envious at how this video has gone viral, but I have to admit that it is quite clever. I don’t think my flat tax videos, for instance, have quite the same flair. In any event, one imagines “the Ben Bernank” is probably not happy about this production. If…
Great Moments in Local Government
Not to be outdone by bureaucrats on the west coast who thwarted a dangerous lemonade trafficking operation, New Castle Councilman Michael Wolfensohn alertly called police to nab a dangerous duo peddling pernicious pies to passersby, and for profit no less. But fear…