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...
Taxation
China Has Lower Shareholder Taxes Than America?
If shareholders in communist China are allowed to keep more of their earnings than shareholders in capitalist America, which nation is more communist and which more capitalist?
Obama on Capital Gains: No Winners
“If you make more than $1 million a year, you should not pay less than 30 percent in taxes,” asserted President Obama in his State of the Union speech. For those with predominantly investment income, that would effectively double their capital gains tax...
The "One Percent" We Should Really Fear
There is a great threat to medical care in America from a small group of our fellow citizens. They are not the top one percent of the wealthy, but a group of elitists and their allies who see government power as the means to determine what every American is allowed to...
The 46 Percent –Who Pay No Income Taxes
A flat income tax — say, 15 percent for all Americans — is a brilliant idea. Right? No way. The flat tax proposal, in the economy as we know it, evades two very, very important facts. No proposal which evades relevant facts can — or should —...
They May Hate Capitalism, But They Sure Love To Loot It
Obama, Gingrich, Perry — they all hate capitalism, but they sure like the loot it gives them to be the career politicians they are. Where would career politicians be without capitalism? Don’t kid yourselves. The liberal-statist agenda is to raise taxes on...
It's the Spending, Stupid
Politicians like Mitt Romney and Barack Obama insist that there should be middle class tax cuts. Obama goes further and insists that these tax cuts be paid for by “the rich” (those making over $250,000 a year, his definition). The truth is that everyone is...
In Praise of Capitalist Inequality
The Occupy Wall Street protestors claim to want “economic justice.” But real economic justice doesn’t consist of looting others’ wealth, but respecting others’ right to keep what they’ve earned.
The Redistribution of Health
In her famous novel Atlas Shrugged, Ayn Rand identified the absurdity of placing one’s life in the hands of doctors whose lives had been throttled by socialized medicine. Socialized medicine, because of the government monopoly it imposes on both doctors and...
A Truly Fair “Tax”
The proposals by Herman Cain and Rick Perry to streamline the tax system are certainly a step in the right direction. But neither candidate has addressed one crucial point: taxation is theft. If your neighbor broke into your home and took your money, would the purpose...
Cain's 9-9-9 Plan: Raising Taxes on The "Lower Class"?
Some people criticize Herman Cain’s 9-9-9 plan for the wrong reasons. Advocates of wealth redistribution complain that it raises taxes on the lower and middle working classes. This is true. Many of them will actually have to start paying some taxes rather than...
Herman Cain's 9-9-9-9 Plan
Herman Cain has been gaining much traction with his 9-9-9 Plan, a bold proposal to replace our dysfunctional tax code with what could be a simpler, less invasive, and more economically stimulative alternative. While I don’t agree with the full spectrum of Mr....
Payroll Tax and Unemployment
Remember when President Obama and his team promised that if only we passed an emergency “stimulus” bill allowing them to wantonly spend $787 billion, unemployment would be capped at 8%? Two years later, having soared as high as 9.8%, July’s unemployment rate stands at...
Tax Cuts Are Not Enough To Save The Economy
The Democratic Party operates on the following assumptions: 1. Social programs such as Medicare and Social Security are entitlements, at least to certain members of the population. They can and must be maintained and expanded at all costs. 2. The best way to finance...
Raising Taxes Is Not Reducing Government Spending
The basis of tax reform must be reduced government spending, not higher taxes.
When Barack Obama Equals Sarah Palin
Barack Obama and Sarah Palin on Taxing Oil Companies and Giving the Money to Others
Anti-Obamanomics: Reducing Taxes on the “Rich”
An analysis and critique of a major aspect of the views on taxation attributed to Obama.
No Representation for Taxation
The citizens of Washington, D.C., do not pay taxes; they receive them.
Economic Inequality: Intellectuals Ignorance On Capitalism Masked By Envy
Intellectuals overcome with envy cannot tolerate the thought that in capitalist society other whom they regard as their intellectual and cultural inferiors, mere businessmen and capitalists, earn so much more and live so much better than they do.
Un-Taxing the Rich
Nick Woomer of the Minnesota Daily (the University of Minnesota student newspaper) writes: Freedom for the vast majority of us means that we should all be entitled to live at a certain level of comfort in spite of how the economy is doing: We should be guaranteed...
Tax Cuts Benefit Economy
“We’ve never cut taxes in time of war,” Sen. Max Baucus, D-Mont., said last week as he voted to halve President Bush’s tax-cut proposal. Even if that were true – the Kennedy tax cut, for example, dropped the top marginal rate to 70% from...
The War on Capital — Not Terrorism
Just as they’ve blurred the distinction between legal tax avoidance and illegal tax evasion, OECD officials have tried to blur the distinction between money-laundering and tax havens — even though the latter involves moving illegally-gained money above-ground, from the…
Patriotism and Tax Havens
What defines a patriot these days? Is it one’s dedication to the principles of freedom, or is is it one’s willingness to place their life second to the needs of the state. These days, it looks a lot like the latter is the common view. Take for example, the...
The Conservative Left and Tax Cuts
A Fox News liberal-conservative debate the other night was very revealing. The discussion was about tax cuts. The liberal (Mort Kondracke) said that tax cuts “are all about numbers.” The conservative (Fred Barnes) was quick to retort, “It’s not...
Bush’s Tax Cut Plan is Both Moral and Practical
It time that we replaced guilt with the desire for justice.
Graduated Tax for Medicare Is Immoral
The U.S. Congress has been considering a steep increase in Medicare taxes for higher-income people. A tax that has been flat since its inception in the 1960s is suddenly about to become a graduated tax. If the measure becomes law, the tax for higher-income earners...
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