Taxation
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French Exports to Avoid: Wealth Taxes
“Wealth taxes tend to yield low revenue, while dragging down economic growth. But they do make for good politics, especially in election years; envy commands votes.” ~Nikolai Wenzel
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10 Ways to Close the Tax Evasion Gap
“It is possible to reduce tax evasion without sending armed IRS agents to kick in doors or confiscate assets. The ten reasons given above provide some guidance to creating a tax system most people would voluntarily support.” ~Robert W. McGee
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$35 Trillion — and Counting
“Interest payments on the debt alone surpass the budgets of many major federal agencies combined. At this point, federal debt service costs amount to approximately $900 billion, which is 17 percent of total federal spending.” ~Peter C. Earle
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Ruminations on Income Inequality
“Many of today’s low-income workers will be tomorrow’s middle-income workers; and many of these workers will be among the country’s highest-income earners sometime in the future.” ~Donald J. Boudreaux
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How Rent-Seeking Wrecks the Soul of Enterprise
“The more the state becomes involved in everyday affairs, the more we move to a rent-seeking society, enabling a power dynamic based on what can be accessed rather than on what can be earned.” ~Kimberlee Josephson
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The Economic Folly of a Carbon Tax
“Increasing production costs leads to higher prices for goods and services, disproportionately affecting low- and middle-income households — especially when they already suffer from high inflation.” ~Vance Ginn
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The Economic Folly of a Carbon Tax
“Increasing production costs leads to higher prices for goods and services, disproportionately affecting low- and middle-income households — especially when they already suffer from high inflation.” ~Vance Ginn
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Want to Pay More Tax? You Can
“Congress has also budgeted for $1.7 trillion of deficit spending for the current fiscal year; over 26,000 times as much money as has been donated to the Gifts to Reduce the Public Debt account over the past 29 years combined.” ~David Hebert
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GOP Trade Platform Would Penalize Forgotten Americans
“The GOP platform calls for new Buy American restrictions, but this is just warmed-over Bidenomics. The Peterson Institute calculates that Buy American measures cost US taxpayers $94 billion in 2017.” ~Bryan Riley
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Harwood Economic Review Bidenomics
Harwood Economic Review Table of Contents Assessing Bidenomics: The Fatal Conceit of National Commercial Policy Nikolai G. Wenzel Uncle Sam, Addicted to Debt, Faces Future Military Bills Doug Bandow Biden’s […]
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After Moore v. US, Wealth Taxes Are Only Mostly Dead
“The question of whether the government could tax the defendants’ unrealized gains — a common device in what are often called ‘wealth taxes’ — seemed to be teed up. But Justice Brett Kavanaugh, who wrote the majority opinion, avoided it.” ~GianCarlo Canaparo
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A Tale of Two States: Idaho and California
“People have continued to move away from California and to Idaho, but the main drivers have probably been less the affordability of housing and more the higher quality of life and better economic opportunities in general.” ~Jason Sorens
