All Posts Tagged With: "taxes"
The Taxes Are Coming!
Should Congress raise taxes to shrink the deficit? Or should it only cut spending? However you come down on the matter, Mario Rizzo reminds us that higher taxes are already on the way.
21Jul2011 | Sheldon Richman | 1 comment | ContinuedAmerica’s Greatness Requires War and Taxes?
New York Times columnist David Brooks thinks America is great but in trouble, and he wants to take steps to preserve American preeminence. He’s right, though not in the way he thinks. In his November 11, 2010, column Brooks argued that we need some sort of National Greatness Agenda; the problem is that his conception [...]
21Apr2011 | Aeon J. Skoble | 1 comment | ContinuedThe Tax-Rate Debate in Perspective
Over many decades the total federal take from taxation has been quite steady: just under 20 percent of GDP. (It dips during recessions, of course.) This tells us that people — surprise! — adjust their behavior to the tax rates and as a result the haul stays about the same. So the fight over rates [...]
20Dec2010 | Sheldon Richman | 4 comments | ContinuedThank You
Decades of government economic and social management have left the American people with a fiscal mess of elephantine proportions. Future generations face crushing debt and tax burdens (unless less they repudiate and rebel against them). The hole is so deep that any set of proposals to address the problems is instantly met with protest from [...]
12Nov2010 | Sheldon Richman | 3 comments | ContinuedPresidential Hubris
“If we were going to spend $700 billion, it seems it would be wiser having that $700 billion going to folks who would spend that money right away.” — Barack Obama
8Oct2010 | Sheldon Richman | 10 comments | ContinuedPaying for Tax Cuts?
Tax cuts don’t cost money; government programs do.
3Sep2010 | Sheldon Richman | 20 comments | ContinuedWill Increasing Taxes Bring Economic Recovery?
In its August 1 edition the editors of the Gray Lady published a lengthy editorial that claimed our economy is in trouble because tax rates are too low.
4Aug2010 | William L. Anderson | 6 comments | ContinuedHow to Create the Illusion of Low Taxes
To the surprise of opponents of big government, the U.S Bureau of Economic Analysis (BEA) estimates that taxes at all levels of government take only 9.2 percent of our income, the lowest rate since Harry Truman was president.
25May2010 | D.W. MacKenzie | 13 comments | ContinuedThe Tax Burden’s at a 60-Year Low?
Anyone who read the USA Today article proclaiming that the overall national tax burden is at a 60-year low of 9.2 percent must check out these articles from: Wall Street Pit The Washington Examiner Time Psst: USA Today didn’t count the second biggest federal tax or a major state tax.
14May2010 | Sheldon Richman | 0 comments | ContinuedNew IRS Unit to Target Tax Shelters
“A new Internal Revenue Service unit set up to catch rich tax cheats hiding their wealth in complex business entities is rapidly taking shape with the hiring of hundreds of employees ..The high-wealth unit is focusing on trusts, real estate investments, privately held companies and other business entities controlled by rich individuals.” (Reuters, Friday) Key [...]
14Dec2009 | Mike Van Winkle | 0 comments | ContinuedThe End of Prosperity: How Higher Taxes Will Doom the Economy–If We Let it Happen
If you were to believe spokesmen for the Obama regime and its allied pseudo-economists, there is no tradeoff between the size of government and our standard of living. On the contrary, they would like people to believe that the bigger the government gets, the more it can “stimulate” the economy and solve all sorts of [...]
18Nov2009 | George C. Leef | 2 comments | ContinuedThe Depression You’ve Never Heard Of: 1920-1921
When it comes to diagnosing the causes of the Great Depression and prescribing cures for our present recession, the pundits and economists from the biggest schools typically argue about two different types of intervention. Big-government Keynesians, such as Paul Krugman, argue for massive fiscal stimulus—that is, huge budget deficits—to fill the gap in aggregate demand. [...]
18Nov2009 | Robert P. Murphy | 73 comments | ContinuedThe Left, The Right, and the State
The Left, The Right, and The State, a collection of 103 essays by Llewellyn Rockwell, looks at the ways both the left and right use the State to pursue their goals. Rockwell, president of the Ludwig von Mises Institute, argues forcefully that our liberty and property are endangered equally by left-wing and right-wing statism. As [...]
23Oct2009 | George C. Leef | 4 comments | ContinuedAvoiding Taxes
I stopped at a gas station in Darien, IL on Saturday to get gas. Why did I stop there? Well, I rarely get outside of Cook County and when I do, I’m like a soccer-mom on Supermarket Sweep. Yesterday though, I realized just how bad the situation has become. This gas station had a big [...]
12Oct2009 | Mike Van Winkle | 2 comments | ContinuedAre We Really all Healthcare Collectivists Now?
“We have to do something about health care.” The scariest word in that sentence is not something. It’s we. The first-person plural form is not merely a convenience, as in “We’re in for a cold winter.” It indicates that decisions about “the healthcare system” should be made collectively, with one decision binding everyone. That’s collectivism. [...]
23Sep2009 | Sheldon Richman | 7 comments | ContinuedFrom Good Samaritan to Robin Hood
The clamor from interventionists against inequality morphs into a clamor for a larger and larger state. This path leads to the loss of liberty and a distortion of both democracy and justice. It distorts democracy because, by attempting to solve inequality, it removes limits to power and expands the field of state action. It distorts justice because the only way to solve inequality politically is for the state to have the power to treat individuals unequally. Thus the struggle to eliminate inequality ends up destroying the most important form of equality for an open society: equality before the law.
10Jun2009 | Carlos Rodríguez Braun | 2 comments | ContinuedDeficit Spending and Future Generations: Not What You Might Think
Ultimately, the real choice is not between deficit-financed and tax-financed spending. The moral question is whether we should have more spending and bigger government with less liberty or less spending with a smaller government and more liberty. The hand-wringing on the left and right about passing the cost of “stimulating” our economy onto future generations is misplaced. No matter how it’s financed, Obama’s new spending has the potential to stimulate only one thing: the size, scope, and power of government.
21May2009 | Roy Cordato | 32 comments | Continued-
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