Caroline Baum of Bloomberg has an excellent column explaining why soak-the-rich taxes don’t work. Simply stated, wealthy people are not like you and me. They have tremendous control over the timing, composition, and level of their income. When the rich are hit with…
Daily Analysis
Taxpayers vs Bureaucrats, Part XXXVIII
You know that bureaucrats are getting wildly overcompensated if even the New York Times is publishing articles about the problem. The article notes that there is a nationwide problem, and then cites developments in Colorado, where lawmakers actually took a tiny step…
The Corrupt Washington Version of Recycling
If you’re an American taxpayer, you’re doubtlessly overjoyed to be an involuntary shareholder in General Motors. You’ll be even happier to know that the company is squandering funds on political causes. In other words, they have enough money to be greasing the palms…
Can Governor Christie Save New Jersey?
My default assumption is that all politicians will do the wrong thing when they have to choose between defending freedom and appeasing special interests. Even the ones that spout good rhetoric often do the wrong thing, particularly after a couple of years in office…
U.N. Global Taxes on You and Me Being Decided by Statists such as George Soros and France’s Finance Minister
Here’s one of those “not just no, but Hell No” issues. The United Nations has put together a group of global collectivists to concoct a plan of global taxes. These new levies, on things such as airfares and energy use, would be used to finance bribes (oops, I mean…
Reaganomics vs Obamanomics
Appearing on MSNBC, I explain why Reagan’s approach helped America. But I also warn that Obama is making America more like France. For inexplicable reasons, some people have been giving me a hard time about my very snazzy jacket.
Shocking News: Political Class Wants Unlimited Power
While the public is rightly skeptical of granting our government overlords unlimited power – which they are busy gathering for themselves nonetheless – there’s one group of people who think it would be just dandy to grant limitless power to the…
Great Moments in Local Government
Julie Murphy is obviously a dangerous criminal. What else would you call a 7-year-old girl who does something as dangerous and illegal as operating a lemonade stand without getting a $120 temporary restaurant license? Fortunately, the health and safety of the people…
When Keynesians Attack
If I was organized enough to send Christmas cards, I would take Richard Rahn off my list. I do one blog post to call attention to his Washington Times column and it seems like everybody in the world wants to jump down my throat. I already dismissed Paul Krugman’s rant…
Should Interpretive Dances about Sexual Abuse of Altar Boys Receive Taxpayer Subsidies?
I may have to rethink my pessimistic assessment of David Cameron. As I’ve noted before, he strikes me as a George-Bush-style big-government faux conservative. But according to this Washington Post article, the coalition government in the UK may impose some real budget…