I appeared on CNBC yesterday to talk about the “fiscal cliff” and the potential impact on economic performance. You won’t be surprised to learn that I’m mostly concerned with how the issue gets resolved. Yes, there is some temporary uncertainty that is probably making markets skittish, but I’m much more worried about Obama bullying the […]
read more...President Obama and other statists in Washington want a big class-warfare tax hike. They claim the additional revenue is necessary to reduce red ink. But their ideological crusade is based on some blatant distortions. They tell us that tax increases are necessary, but even CBO data shows that the budget can be balanced in just […]
read more...If there was a prize for fighting back against tax authorities, the Italians would probably deserve first place. I’m not aware of any other country where tax offices get firebombed. The Italians also believe in passive forms of resistance, with tens of thousands of boat owners sailing away to protect themselves from the government. But […]
read more...I took part today in a nine-person debate on the fiscal cliff for U.S. News & World Report. We were all asked, “Is Going Over the ‘Fiscal Cliff’ Necessarily the Worst Outcome?” I said “no” because there are worse options, and I specifically explained that Obama’s class warfare agenda is even more destructive. Readers are […]
read more...Obama has staked out a very dogmatic and inflexible position on class-warfare tax hikes and he obviously wants all of us to think only the “rich” will be impacted. I think it’s foolish to penalize investors, entrepreneurs, small business owners and other upper-income taxpayers. What nation, after all, has ever prospered by placing obstacles in […]
read more...Regular readers know I’m not a fan of the Organization for Economic Cooperation and Development. Heck, just take a look at some of the examples in this post and you’ll understand why. Well, the Secretary-General of the Paris-based bureaucracy just pontificated about the value-added tax. Let’s see whether my knee-jerk hostility is warranted. Here is […]
read more...More than four years ago, as part of my efforts to promote and protect tax competition, fiscal sovereignty, and financial privacy, I narrated this video explaining the economic benefits of so-called tax havens. Pay close attention at the 1:07 mark. Yes, you heard right. A former bureaucrat from the European Bank for Reconstruction and Development […]
read more...You have to give President Obama credit for chutzpah. He pushed through a faux stimulus in his first year and Obamacare in his second year, both of which significantly increased the burden of government spending. In the past two years, he’s basically punted, proposing budgets that are so laughably unserious that they received zero votes […]
read more...I never thought I’d be quoting Chuck Norris about Obama’s tax policy, but he has a nice rant that includes a collection of the President’s more offensive statements. Sort of akin to the list I put together in this post (which also includes some preposterous statements by Secretary of State Clinton). Here is the key part […]
read more...Obama has repeated once again that he will throw the nation off the fiscal cliff if Republicans don’t capitulate to his demands for class-warfare tax hikes. This is a serious topic worthy of weighty analysis, but I don’t really have anything to add to what I’ve written before – particularly with regard to the threat […]
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