Actually, that’s too broad of a brush, but I do despise people of any nationality who think that they are entitled to mooch off the labor and capital of others. I also fear for my country because of such people. Benjamin Franklin is rumored to have said that,…
Daily Analysis
Europe's Über Bailout.
I’m semi-impressed with the Europeans for choosing the hog-wild approach to bailouts. Not because it is good policy, but rather because it will be a useful demonstration of the old rule that bad policy begets more bad policy (which begets God knows what, but it…
Taxpayers vs Bureaucrats, Part XXIV.
Here’s some more good polling data from the Resurgent Republic website. All demographic groups, including Democrats, agree that excessive pay for federal bureaucrats is a bad thing. Maybe, just maybe, this means the productive people in society are fed up and…
Looming Tax Hikes in the U.K. and Investors Act Accordingly.
As noted in this blog back in August, the end of Labour rule in the U.K. will not mean the end of big government in that country. The new coalition government has already proposed a large tax hike on capital gains: At present investors only pay CGT of 18pc on gains…
Senator Bennett, R.I.P.
I shed no tears that incumbent Senator Robert Bennett lost his fight to get nominated for a fourth term. His support of the bailout and other big-government policies was a sign that he had become far too comfortable representing established interests and forgot that…
Say Goodbye to England
Okay, the title of this post is an absurd exaggeration, but I am not optimistic about the future of the United Kingdom. Government spending has exploded over the last ten-plus years (the largest expansion in the burden of government spending among developed nations),…
Left-Wing Columnists Says We Should Copy Greek Policies to Avoid a Greek-Style Fiscal Crisis
Only in the artificial bubble of Washington do you find people who are willing to make preposterous statements such as those contained in this David Ignatius column. He writes that we should adopt a value-added tax to avoid a Greek-style fiscal crisis, appararently…
Sleazy and Dishonest Ad from General Motors Shows Why Big Government and Big Business Is a Toxic Combination
It is now fully apparent that General Motors did not pay back any money to taxpayers, and certainly did not pay back the full amount, as stated in the reprehensibly dishonest ads produced by the company. The Obama Administration took part in the lie, which exposes an…
Encouraging Polling Numbers
I realize that public opinion polls are quirky and that answers often depend on how questions are phrased. Nonetheless, these results seem very strong. As reported on the Bankrupting America website, there is more than three-to-one opposition against a value-added…
Capital Gains: Part Three.
The final paper in Stephen J. Entin of IRET’s three part series about the capital gains tax rate is entited, Revenue Estimation Of Capital Gains Needs Improvement, and as the title promises it explores the inacurate revenue estimates applied to potential changes…