The Center for Immigration Studies recently put out a study arguing that immigration has had negative effects on California. One of their measures was a comparison of how many people in the state were receiving some form of welfare compared to other states. I found…
Daily Analysis
Taxpayers vs. Bureaucrats, Part XXXI
The competition to be the Greece of America has a lot of contestants. California and Illinois certainly are strong candidates. New Jersey was an early favorite, though Gov. Christie is actually doing some good things and pulling the state back from the precipice. But…
Anti-Tax Competition Schemes by High-Tax Nations Will Expand the Underground Economy
Regular readers know that I am a big supporter of international tax competition as a mechanism to limit the greed of the political elite. Unfortunately, the statists are having some success in their efforts to undermine the fiscal sovereignty of low-tax jurisdictions….
New Tax on Millionaires Won't Fix New Jersey's Budget
New Jersey’s $10.7 billion budget deficit is the second highest among all U.S. states. With New Jersey already facing one of the worst economic outlooks in the country according to ALEC’s “Rich States, Poor States,” newly elected Governor…
Will the Euro Turn into the Argentinian Peso or the Zimbabwean Dollar?
I hope the title to this blog post is completely wrong, but the news out of Europe is very grim. Politicians have been over-spending and going deeper and deeper into debt. This negatively affects the private sector in the usual ways (higher taxes, unproductive…
Primer Makes the Case for Tax Competition to Restrain Government Oppression
The Freeman has an article by an expert from Bermuda about the importance of giving taxpayers an escape option to curtail the greed of the political elite: The Declaration of Independence had it exactly right: “He [King George III] has erected a multitude of New…
Taxpayers vs. Bureaucrats, Part XXX
It is probably safe to assume that government bureaucrats are overpaid in every city and state, but it won’t come as a big surprise to learn that San Francisco is especially profligate. Here are some disturbing details compiled by Investor’s Business…
Guilt-Ridden German Millionaires Endorse More Class-Warfare Taxation
CNBC is reporting that 51 German millionaires and billionaires have endorsed the idea of that rich people should have to give an extra 10 percent of their income to the government. I’m tempted to dismiss this story since (according to my rudimentary math skills)…
Postal Service Reform is Easy
The U.S. Postal Service has been hemorrhaging money for decades, and it’s not hard to understand why. As a government protected monopoly, the Postal Service cannot adjust to changing market conditions like an ordinary business. In addition, they are often…
America Will Now Be the Unquestioned World Leader…But in the Wrong Way.
The United States has a very anti-competitive corporate tax regime. The federal tax rates is 35 percent and the average of state corporate tax systems brings the rate to nearly 40 percent. In Europe, by contrast, the average corporate tax rate is about 25 percent….