Four Reasons Why Government Spending Is Even Worse Than Taxes

Ryan McMaken says:  Every year around tax time, we’re reminded of the pain of the income tax. We’re reminded not just of the wealth that is taken, but also of all the time and energy that must be expended helping the federal government estimate just how much they should take from us this year.  

 

The Finnish Model

Mar 19th, 2016 * RECOMMENDED READINGS, Social Issues, Taxes, Welfare, Welfare and Charity Robert May 1 min read

Guy Sorman writes: This year, the Finnish government hopes to begin granting every adult citizen a monthly allowance of €800 (roughly $900). Whether rich or poor, each citizen will be free to use the money as he or she sees fit. The idea is that people are responsible for their actions. If someone decides to spend their €800 on vodka, that is their decision, and…

 

In search of fixes for a fossilized economy

Feb 14th, 2016 Debt, Economics, Labor, Taxes Robert May 1 min read

Victor Davis Hanson writes:  The U.S. economy grew at an anemic rate of less than 1 percent in the last quarter of 2015. While the unemployment rate has dipped below 5 percent, the all-important labor force participation rate is at a historic low of just 62.7 percent. More than 90 million able-bodied adults are either not currently in the labor force or have stopped looking…

 

Here’s What Genuine Tax Reform Looks Like

Dec 26th, 2015 * RECOMMENDED READINGS, Economics, Taxes Robert May 1 min read

John H. Cochrane writes:  Left and right agree that the U.S. tax code is a mess. The men and women running for president in 2016 are offering reform plans, and proposals to fix the code regularly surface in Congress. But these plans are, and should be, political documents, designed to attract votes. To prevent today’s ugly bargains from becoming tomorrow’s conventional wisdom, we should more…

 

California’s Problem Is There’s No Plan B

Dec 18th, 2015 * RECOMMENDED READINGS, Business, Economics, Labor, Taxes Robert May 1 min read

Carson Bruno writes: On the macro level, California is finally coming out of the Great Recession, but on a micro level, this recovery is precariously balanced on the shoulders of one region. If something were to happen to the Silicon Valley-Bay Area region, the Golden State currently has no Plan B. This isn’t meant as a critique of the other regions of California, but rather…

 

Limited Government Requires That Everyone Pay Some Taxes

Dec 17th, 2015 * RECOMMENDED READINGS, Budget, Government, Taxes, Taxes Robert May 1 min read

Doug Bandow writes: Even failed candidates sometimes had good ideas. So it was with Louisiana Gov. Bobby Jindal. He sharply challenged conventional wisdom when he proposed a tax reform plan that ensured everyone paid at least some income tax. His bottom rate was just 2%. But he’d have killed most of the deductions and credits that allow those with low incomes to pay nothing. Jindal’s…