How was anything ever invented before government started “investing” in new technologies? One wonders these things, given the seriousness with which Keynesians seem to believe that if they don’t choose the economic winners and then throw large sums of money at them –…
Daily Analysis
The IMF: An Equal-Opportunity Purveyor of Bad Advice
As a general rule, the bureaucrats at the International Monetary Fund are not awful people or fire-breathing leftists. But they are voices for the establishment. And, at the upper levels, IMF staff seem overly solicitous of the views of the big nations, which means…
Arguing about Class-Warfare Taxation with Robert Reich
I was on Larry Kudlow’s CNBC show recently, where I debated against Robert Reich. I made (what I hope are) good points about the Laffer Curve and the big-government policies of both Bush and Obama. The bad news, as least from a personal perspective, is that the last…
I Fantasize about a World with No Income Tax, but…
Most people fantasize about supermodels (at least most guys, I have no clue about females). But I’m different. I dream about a world with limited government, sort of like what America’s Founding Fathers had in mind. One of the best things about this fantasy world is…
FATCA Law is an International Version of Obamacare’s 1099 Provision, a Nightmare for Cross-Border Economic Activity that Is Undermining Investment in America
One of the tax increases buried in Obamacare was an onerous and intrusive “1099″ scheme that would have required businesses to collect tax identification numbers for just about any vendor and then send paperwork to the IRS whenever they did more than $600 of business….
The Economy Will Suffer if Republicans Sell Out on Taxes
News reports indicate that the left is putting enormous pressure on Republicans to sell out as part of the “Biden Group” negotiations between Congress and the Vice President. I explained the other day why the left is so anxious to get GOPers to surrender on the tax…
Why on Earth Should We Consider Tax Increases When Politicians and Bureaucrats Allow Multi-Billion Dollar Losses of Taxpayer Money Because of Waste, Fraud, and Abuse?
Maybe I’m just old fashioned, or maybe I’m a bit stiff-necked, but I will never relent in my opposition to tax increases so long as the crowd in Washington is spending money on things that are not appropriate functions of the federal government. But that’s just one…
The Not-so-Secret Left-Wing Agenda to Increase the Burden of Government – and How to Stop It
The main political goal of the left is to seduce Republicans into supporting higher taxes. Bluntly stated, all of their fiscal policy goals require more tax revenue coming to Washington. The most important factor (from their perspective) is that they can’t make…
Canadian Court Takes A Stand Against Double Taxation
In Canada Limited v. The Queen, Canadian Tax Court, following a policy of avoiding double taxation, just approved the use of certain tax avoidance arrangements between Canadian and U.S. businesses. The technique involved claiming Foreign Tax Credits (FTC’s) from the…
Former Top Economic Aide for Obama Admits Threat of Lost Decade
Larry Summers served as Chairman of the National Economic Council for Barack Obama, so it is rather remarkable that he is admitting that the economy is in deep trouble and that America may be on the verge of long-term, Japanese-style stagnation. Here’s part of what he…