I meant to write about this article when it first came out, but it got buried in my inbox. That being said, this Washington Times column by Richard Rahn makes an excellent point about the dangers of too much government. He points out that Argentina used to one of the…
Daily Analysis
Super-Charging the IRS with Government-Run Healthcare
I blogged a cartoon joking about Obamacare as a Trojan Horse for the IRS, but with each passing day we are learning new – and always unpleasant – details about the mammoth legislation that was imposed by the left. The excerpt below from the Boston Globe…
Greek Chutzpah
There’s an old joke that if you owe a bank $10,000, you have a problem, but if you owe a bank $10,000,000, the bank has a problem. The Greek government certainly seems to have that attitude. Short-sighted and corrupt politicians in Athens have spent their nation…
American and German Taxpayers Should Be Rioting, not Greek Moochers
My blood pressure spiked after reading this story from the UK-based Times. The Greeks are rioting in the streets because they want our money (i.e., an IMF bailout) and they want to keep all the inefficient and wasteful government policies that caused the crisis. In…
Capital Gains: A Three Part Series.
Over the next several days we will be highlighting a series of papers by Stephen J. Entin of the Institute for Research on the Economics of Taxation (IRET). These papers examine the looming possibility of an increase in the capital gains tax rate and make a strong…
They're Watching You in Pennsylvania.
David Paul Kuhn recently wrote about an interesting new approach to tax collection in the Keystone State: Pennsylvania has a common problem. Hundreds of millions in unpaid taxes. And it needs that revenue. The state took the offensive with a $3 million ad campaign….
Obama's Hypocritical Class Warfare
The President had another “spread the wealth” slip of the tongue the other day, this time remarking that “at some point you have made enough money.” Some have commented that this exposes Obama’s anti-capitalist ideology, and others have…
Ny Trip to Spain
GreeI arrived in Madrid last week for a speech to the annual Convention of Independent Financial Advisors, and it is somehow fitting that Spain was downgraded by Standard and Poor’s as I entered the country. I’m not a fan of the bond-rating agencies, and…
Excellent Primer on the Financial Crisis
Russ Roberts of George Mason University has written a very good article for the Mercatus Center explaining – for economists and non-economists – how government intervention created distortions in the housing and finance sectors. He also blames Wall Street,…
More Much-Needed VAT Bashing
A former Governor of Delaware, Pete DuPont, explains that a value-added tax means bigger government and slower growth. This issue is very important since Obama clearly is trying to set the stage for imposing this European-style national sales tax in the United…