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 […]

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 […]

If done well, an image can say a thousand words. The Heritage Foundation shows us what Obama has in mind when he talks about a “balanced” plan. This chart, while horrifying and visually powerful, actually understates the case against Obama. The President is not proposing to cut spending by $400 billion. He’s only proposing to […]

Washington frustrates me. The entire town is based on legalized corruption as an unworthy elite figure out new ways of accumulating unearned wealth by skimming money from the nation’s producers. But one thing that especially irks me is the way people focus on the trees and forget about the forest. Politicians and journalists are now […]

Being a thoughtful and kind person, I offered some advice last year to Barack Obama. I cited some powerful IRS data from the 1980s to demonstrate that there is not a simplistic linear relationship between tax rates and tax revenue. In other words, just as a restaurant owner knows that a 20-percent increase in prices […]

I shared an astounding chart last month showing that tax increases account for 90 percent of the so-called “austerity” in Europe. The author of the chart, Veronique de Rugy of the Mercatus Center, calls this “private sector austerity” and she correctly argues that her home continent is in desperate need of some austerity on the […]