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Tag Archives: taxation
Patriotism, Loyalty, Tax Competition, and ‘Tax Fugitives’
I fight to preserve tax competition, fiscal sovereignty, and financial privacy for the simple reason that politicians are less likely to impose destructive tax policy if they know that labor and capital can escape to jurisdictions with more responsible fiscal climates. My opponents in this battle are high-tax governments, statist international bureaucracies such as the [...]
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Also tagged 2012 Budget, Big Government, congress, Culture, economics, economy, Federal Spending, Financial Services, Fiscal Policy, Global Taxation, Government Thuggery, International Bureaucracy, International taxation, IRS, Justice/Legal, news, Obama, OECD, Organization for Economic Cooperation and Development, politics, Regulation, Sovereignty, Switzerland, Tax Avoidance, Tax Competition, Tax Compliance, tax evasion, Tax Harmonization, Tax haven, Tax Reform, taxes, Tea Party
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New Congressional Budget Office Numbers Once Again Show that Modest Spending Restraint Would Eliminate Red Ink
Back in 2010, I crunched the numbers from the Congressional Budget Office and reported that the budget could be balanced in just 10 years if politicians exercised a modicum of fiscal discipline and limited annual spending increases to about 2 percent yearly. When CBO issued new numbers early last year, I repeated the exercise and [...]
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Also tagged 2012 Budget, Balanced Budget, Big Government, congress, deficit, economics, economy, entitlements, Federal Spending, Fiscal Policy, Government spending, higher taxes, news, Obama, politics, tax increases, taxes, Tea Party, Uncategorized, unemployment
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New Academic Study Confirms 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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Also tagged 2012 Budget, Big Government, class warfare, congress, economics, economy, Federal Spending, Flat Tax, Government spending, Internal Revenue Service, IRS, Justice/Legal, news, Obama, Obamacare, politics, Tax Avoidance, Tax complexity, Tax Compliance, tax evasion, Tax Reform, taxes, Underground Economy, unemployment
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U.S. Unemployment Woes Persist
After the headline rate of unemployment (U-3) reached 8.5 percent in December 2011 ( the most recent month reported), some commentators began to talk as if the employment situation is now improving rapidly. Some have gone on to suggest that those of us who have emphasized the role of regime uncertainty in retarding the current [...]
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Also tagged Big Government, economic stagnation, economics, economy, Federal Spending, government regulation, obamanomics, private employment, recession, regime uncertainty, Regulation, taxes, unemployment
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The Cato Institute Fact-checks, Responds to President Obama’s State-of-the-Union Address
I’ve already bragged that the Cato Institute is America’s best think tank, highlighting the fact that we took the lead in battling against Obama’s faux stimulus at a time when many were dispirited and reluctant to fight big government. I’m biased, of course, so I’ll understand if you discount what I say. But I hope [...]
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Also tagged 2012 Budget, 2012 Election, bailouts, Big Government, Big Labor, Cato Institute, class warfare, congress, economics, economy, entitlements, Federal Spending, health reform, Healthcare, jobs, news, Obama, politics, Regulation, state of the union, taxes, Uncategorized, unemployment
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More than 100 Percent of Long-Term Fiscal Challenge Is Government Spending
Austan Goolsbee, the former Chairman of President Obama’s Council of Economic Advisers, has a column in the Wall Street Journal that argues government spending isn’t too high. That’s obviously a silly assertion, as I explain here, here, and here, but I want to focus on what he wrote about tax revenues. Here’s the relevant passage [...]
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Also tagged 2012 Budget, Austan Goolsbee, Big Government, congress, economics, economy, entitlements, Federal Spending, Fiscal Policy, Government spending, higher taxes, news, Obama, politics, tax increases, taxes, Uncategorized
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Obama Has United the World…in Opposition to Bad U.S. Tax Policy
Last year, I came up with a saying that “Bad Government Policy Begets More Bad Government Policy” and labeled it “Mitchell’s Law” during a bout of narcissism. Read the rest at Big Government
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Also tagged 2012 Budget, Big Government, congress, economics, economy, FATCA, Federal Spending, Financial privacy, Financial Services, Flat Tax, Foreign Account Tax Compliance Act, Government Thuggery, Internal Revenue Service, International taxation, IRS, Mitchell's Law, news, Obama, OECD, Organization for Economic Cooperation and Development, politics, Statism, Tax Compliance, Tax Reform, taxes, Uncategorized, unemployment, Worldwide Taxation
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Taxes in ObamaCare eliminate 14% of Tanning Salon businesses in Minnesota
See what I mean? His policies and programs do the opposite, they kill jobs, not create a job friendly environment, and ObamaCare once fully implemented will destroy this country as it has destroyed almost every country in Europe. But that’s what Obama wants. No, no! Don’t argue. If the opposite were true he wouldn’t be [...]
Why Are U.S. Taxpayers Subsidizing a Paris-Based Bureaucracy to Help the AFL-CIO Push Obama’s Class-Warfare Agenda?
To be blunt, I’m not a big fan of the Organization for Economic Cooperation and Development. But my animosity isn’t because OECD bureaucrats threatened to have me arrested and thrown in a Mexican jail. Instead, I don’t like the Paris-based bureaucracy because it pushes a statist agenda of bigger government. This Center for Freedom and Prosperity [...]
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Also tagged 2012 Budget, 2012 Election, AFL-CIO, Big Government, Big Labor, class warfare, congress, economics, economy, Federal Spending, higher taxes, news, Obama, OECD, Organization for Economic Cooperation and Development, politics, tax increases, taxes, Uncategorized, union bosses, unions
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Why Unhappy People Become Liberals
Time, experience, and maturity have led me to conclude that it is better to be in control of your own destiny than to have it dictated to you. If you control your own destiny, then you reap the rewards of your hard work and of your mistakes. But what if you are afraid to control [...]
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Also tagged Big Government, Buddhism, Culture, dalai lama, education, ego, frodo, Government, Jesus, joseph cambell, Judaism, liberal hate, liberalism, lord of the rings, personal responsibility, Regulation, sauron, self confidence, self esteem, self-reliance, Star Wars, the Other, tikkun olam
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