Bastiat accurately observed the government scam.
read more...Stories from both ends of America illustrate the failures of government schools.
read more...Back in the 1980s and 1990s, there was a widespread consensus that high tax rates were economically misguided. Many Democrats, for instance, supported the 1986 Tax Reform Act that lowered the top tax rate from 50 percent to 28 percent (albeit offset by increased double taxation and more punitive depreciation rules). And even in the 1990s, many on […]
read more...If you’re a libertarian, you generally don’t act and think like other people. Most folks, when they heard about Governor Christie’s bridge-closing scandal, focused on the potential political ramifications. But not me. My immediate reaction was to think that the problem could have been avoided if the bridge and its various entry points were privately […]
read more...Look, up in the sky! It’s a bird, it’s a plane…no it’s Super Bureaucrat! Actually, look to New Jersey, because you’re going to see a taxpayer ripoff that will get your blood boiling. Depending on your perspective, this may be worse than the toll collector on the New Jersey Turnpike who pocketed more than $300,000 […]
read more...New Jersey gets abused by comedians as being some sort of dump, but there are some scenic parts of the state. So it actually can be a nice place to live. That being said, it’s not a good place to die. Here’s a chart from the American Family Business Foundation that was featured in a […]
read more...While I think of myself as being in favor of harsh punishment for criminals, I try to restrain this bloodthirsty impulse by remembering that many laws are unjust, all governments are incompetent, and prosecutors often place personal ambition above justice. And the last point is why I worry about electing people like Rudy Giuliani to […]
read more...When politicians and bureaucrats spend our money, they rarely demonstrate any concern about waste and fraud. Why be conscientious, after all, if you’re spending other people’s money – especially if your real goal is to buy votes and get campaign contributions by providing unearned wealth to well-connected insiders? I’ve always been more concerned about the […]
read more...This definitely belongs in the OMG category. Bureaucrats at the New Jersey Turnpike Authority are ripping off taxpayers in a spectacular fashion. Here are some stunning details: Auditors say the New Jersey Turnpike Authority wasted $43 million on unneeded perks and bonuses. In one case, an employee with a base salary of $73,469 earned $321,985 […]
read more...I ran across two interesting lists showing how politicians at the state and local level are often just as bad as the ones in Washington, DC. First, Forbes has an article identifying the 10 states with the highest income tax rates. The top rate is a big deterrent to entrepreneurs and investors, but it’s also […]
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