Back in September, I shared a very good primer on the capital gains tax from the folks at the Wall Street Journal, which explained why this form of double taxation is so destructive. I also posted some very good analysis from John Goodman about the issue. Unfortunately, even though the United States already has a […]
read more...In some ways, it would be fun to be a leftist. No, I’m not talking about living a life of idleness and letting others pay my bills, though I suppose that’s tempting to some people. And I’m not talking about becoming a Washington insider and using corrupt connections to obtain unearned wealth, though I confess […]
read more...I’m a big fan of lower corporate tax rates. I also want to eliminate worldwide taxation so American companies can be on a level playing field when competing for market share around the world. And I want to get rid of the double taxation of dividends and capital gains in part because these reforms will […]
read more...Even though I knew some people would call me Scrooge, I wrote a few days ago about why we should get rid of the tax deduction for charitable contributions in exchange for lower tax rates. Simply stated, I’m a big advocate of fundamental tax reform, and I would like to scrap the corrupt internal revenue […]
read more...Another Frenchman has “gone Galt.” First, it was France’s richest entrepreneur. Now, it’s the nation’s most famous actor. Gerard Depardieu has officially announced – in a letter to France’s thuggish Prime Minister – that he is tired of paying 85 percent of his income to finance the vote-buying actions of France’s kleptocratic political elite. Instead, […]
read more...One of the key ways of controlling state and local tax burdens, according to this map from the Tax Foundation, is to not have an income tax. But that’s not too surprising. States have just a couple of ways of generating significant tax revenue, so it stands to reason that states without an income tax […]
read more...Since I want to shut down the Department of Agriculture, that obviously means getting rid of the various subsidy programs that line the pockets of politically connected agri-businesses. To get an idea of how these corrupt programs operate, I strongly encourage you to read Paul Moreno’s column in National Review. Here’s a sampling of his expose on […]
read more...It’s never a good idea to display weakness during negotiations. Your opponent will sense your fear and up his demands. That’s certainly what we’re seeing in Washington. The cartoon at this link captures the GOP’s wobbly attitude on taxes, and this interview is about the ever-increasing demands of the Obama Administration. It’s rather galling, by […]
read more...I’ve been very critical of Obama’s class-warfare ideology because it leads to bad fiscal policy. But perhaps it is time to give some attention to other arguments against high tax rates. Robert Samuelson, a columnist for the Washington Post, has a very important insight about tax rates and sleaze in Washington. His column is mostly […]
read more...I’ve been arguing against higher taxes because of my concerns that more revenue will simply lead to a bigger burden of government spending. Yes, I realize it is theoretically possible that a tax hike could be part of a political deal that produces a good outcome, such as entitlement reform. But that doesn’t seem to […]
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