Tag Archives : underground economy
Pro and Con: The War on Cash
What are the left’s arguments for getting rid of cash?
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The War Against Cash, Part V
Libertarian-minded people have long been concerned about government financial assaults.
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What’s the Best Way of Boosting Tax Compliance, Lower Tax Rates or More Oppressive Enforcement?
Shadow economies are a consequence of too much government.
read more...Everything You Need to Know about California, in a Single Story
Excessive government and lifestyle liberalism.
read more...The War Against Cash, India, and a Lesson about Big Government
A ham-fisted demonitization in India.
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The War Against Cash, Part I
Believe it or not, but politicians hate cash.
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European Politicians Love the Underground Economy…When It Means They Can Spend More Money
Libertarians tend to like – or at least have a grudging respect for – the underground economy. For instance, even if we’re personally very straight-laced, we don’t like government prohibitions against gambling, drugs, and prostitution. This is why we’re not upset when these things happen in spite of the laws enacted by the political class. But […]
read more...New Academic Study Confirms Previous IMF Analysis, Shows that Lower Tax Rates Are the Best Way to Reduce Tax Evasion
Leftists want higher tax rates and they want greater tax compliance. But they have a hard time understanding that those goals are inconsistent. Simply stated, people respond to incentives. When tax rates are punitive, folks earn and report less taxable income, and vice-versa. When tax rates increase, sometimes they engage in tax avoidance, lowering their […]
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Big Government Causes Crime, the Norwegian Version
I’ve written several times about the foolish War on Drugs, which has been about as misguided and ineffective as the government’s War on Poverty. So when I saw a news report about a couple of Swedes getting busted for smuggling 200-plus kilos of contraband into Norway, and then another story about a Russian getting caught […]
read more...The Laffer Curve Strikes Again
In the private sector, no business owner would be dumb enough to assume that higher prices automatically translate into proportionately higher revenues. If McDonald’s boosted hamburger prices by 30 percent, for instance, the experts at the company would fully expect that sales would decline. Depending on the magnitude of the drop, total revenue might still […]
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