Tag Archives : Class Warfare
Another Nauseating Example of Government Thuggery
The WSJ provides the sordid details of a bureaucratic injustice.
read more...What’s a “Fair Share” for Upper-Income Taxpayers?
Soak the rich? They’re already drenched.
read more...Did the Wave Election Put Tax Reform on the Agenda?
Is reform more likely now that Republicans have the Senate?
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Another Edition of “I Can’t Believe Hillary Clinton Actually Said That”
Will this be the “spread the wealth around” of the 2016 campaign?
read more...The Real-World Impact of Higher Tax Rates on Upper-Income Households
New evidence confirms what we already knew: that Laffer Curve effects reduce expected revenue gains from higher taxes.
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Mirror, Mirror, on the Wall, which Nation and State Punish Success Most of All?
I’ve shared some interested rankings on tax policy, including a map from the Tax Foundation showing which states have the earliest and latest Tax Freedom Days. There’s also a depressing table showing that the United States “earns” a lowly 94th place in a ranking of business-friendly tax system. Heck, there’s even a map showing the states with the highest wine taxes, […]
read more...The Laffer Curve and Limits to Class Warfare Tax Policy
I’m a big advocate of the Laffer Curve. Simply stated, it’s absurdly inaccurate to think that taxpayers and the economy are insensitive to changes in tax policy. Yet bureaucracies such as the Joint Committee on Taxation basically assume that the economy will be unaffected and that tax revenues will jump dramatically if tax rates are boosted by, say, […]
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Whether Looking at Policy or Politics, Growth Trumps Fairness
Why is President Obama so fixated on a class-warfare agenda of higher taxes on the rich and government dependency for the poor? Is it because a tax-the-rich agenda is good politics, as determined by clever pollsters who have tapped into the collective mind of American voters (and as demonstrated by this cartoon)? Or is the President ideologically committed to […]
read more...The Punitive Economic Cost of Class-Warfare Taxation
I’ve already shared a bunch of data and evidence on the importance of low tax rates. A review of the academic evidence by the Tax Foundation found overwhelming support for the notion that lower tax rates are good for growth. An economist from Cornell found lower tax rates boost GDP. Other economists found lower tax rates boost job creation, savings, […]
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Lower Tax Rates > Targeted Tax Credits
Some folks on the right in Washington, generally known as reformicons (short for reform conservatives), want the Republican Party to de-emphasize marginal tax rate reductions and instead focus on providing tax relief to parents. There are many leaders in this movement and, if you want to learn more about the tax proposals being discussed, I […]
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