Here are a few predictions for next year. It will be hot in Dallas in July, it will be cold in Stockholm in February, and Governor Jerry Brown of California will ask Uncle Sam for some sort of bailout. I’m actually not sure about the first two predictions, but I think…
Daily Analysis
John Galt Tells Oregon Politicians to Screw Off
The Oregon Ducks will compete for the national championship early next month, so they’ve had a good season. Unfortunately, Oregon’s government isn’t doing nearly so well. Politicians approved a big tax hike on those bad, evil rich people in 2009, and Oregon’s…
Discussing the Tax Deal on Bloomberg TV
Appearing on Bloomberg TV, I pontificate about the good, the bad, and the ugly in the recent tax deal. I also make what I hope are good points about the Laffer Curve and the meaning of deficits. The video won’t embed, but just click here and you can watch it on…
High Taxes Encourage Crime
We all know that alcohol prohibition was great news for organized crime in the 1920s, and we also know that drug prohibition is causing widespread societal destruction today, but taxation also can facilitate criminal behavior. Specifically, there is considerable…
Taxpayers Got a Big Christmas Present Yesterday, but It Wasn’t the Tax Bill
There’s a lot of attention being paid to yesterday’s landslide vote in the House to prevent a big tax increase next year. If you’re a glass-half-full optimist, you will be celebrating the good news for taxpayers. If you’re a glass-half empty pessimist, you will be…
Beating the You-Know-What Out of Congress in the New York Post
I have a piece in this morning’s New York Post, and I did not try to be polite. Commenting on the end-of-year orgy on Capitol Hill, I slam corrupt deal making that leads to ever-bigger government. Here’s part of what I say about the “omnibus” spending bill. The weeks…
America’s Number One! America’s Number One!…Oops, Never Mind
Sometimes it’s not a good idea to be at the top of a list. And now that Japan has announced a five-percentage point reduction in its corporate tax rate, the United States will have the dubious honor of imposing the developed world’s highest corporate tax rate. Here’s…
Another Great VAT Cartoon
I’ve already posted two other cartoons on this issue (here and here), but can’t resist posting another. As with much humor, this cartoon cleverly captures the underlying reality. In this case, the politicians want a value-added tax so we pay more to finance their…
Killing Obama’s “Build America Bonds” Is a Big Reason to Like the Tax Deal
There are plenty of reason to like and dislike the tax deal between President Obama and congressional leaders. On the plus side, we dodge a big tax increase for the next two years. We also replace a goofy and ineffective “make work pay” tax credit with a supply-side…
The Barack Obama Tax Reform Plan?
In my fiscal policy speeches, I sometimes try to get a laugh out of audiences by including a Powerpoint slide with this image. Leading up to this slide, I talk about the Armey/Forbes flat tax and explain that it would eliminate the corrupt internal revenue code and…