Prophets and Losses: Part II

Prophets and Losses: Part II

People on both sides of tax issues often speak of such things as a “$300 billion tax increase” or a “$500 billion tax decrease.” That is fine if they are looking back at something that has already happened. But it can be sheer nonsense if they...
Patriotic Millionaires Unmasked

Patriotic Millionaires Unmasked

Despite the breathless post-election “think pieces” that have drawn sweeping and deeply considered conclusions about the political drift of the country, at its core President Obama’s re-election is easy to understand. He essentially promised millions...
Tax Increases (or Cuts) Not the Real Issue

Tax Increases (or Cuts) Not the Real Issue

According to the Congressional Budget Office’s figures, extending the Bush tax rates will only increase the deficit by 4 percent. Actually, critics of the way the CBO figures this out are saying the 4 percent number is too high. They charge that the CBO does not take...
Government without Taxation

Government without Taxation

In a capitalist society, the initiation of force is banned from the interactions between individuals. In a capitalist society, there is no regulation of businesses–no FTC, FDA, SEC, OSHA, or EPA. In a capitalist society, all funding for government is provided...
Obama’s Class Envy via Bad Numbers

Obama’s Class Envy via Bad Numbers

With economic “fairness” the central theme of his re-election campaign, President Obama recently pitched his “Buffett Rule” tax hike to a student audience at Florida Atlantic University in Boca Raton. Aimed at those who earn the bulk of their...