It’s a bad idea when governments demand information on your bank accounts and investments so they can impose economically destructive double taxation. It’s a worse idea when they also demand the right to tax economic activity in other jurisdictions (otherwise known as “worldwide taxation“).
One of the worst things about working in Washington is that it’s so easy to get frustrated about the fact-free nature of political debates.
As you can see from these excerpts, there’s apparently now a rule in China limiting public officials to no more than three mistresses.
Disrespect for politicians is called political speech, and it’s (supposedly) protected by the First Amendment of the Constitution. Or at least it used to be.
I’ve had some fun over the years by pointing out that Paul Krugman has butchered numbers when writing about fiscal policy in nations such as France, Estonia, Germany, and the United Kingdom. So I shouldn’t be surprised that he wants to catch me making an error. But I’m not sure his “gotcha” moment is very persuasive.
The good news is that there are signs of progress, at least outside the United States. Denmark, for instance, has cut back on its welfare state. And now, even the United Kingdom has engaged in some serious welfare reform.
Hong Kong is supposed to be Nirvana for libertarians. It holds the top spot in the Economic Freedom of the World rankings. It has an optional flat tax. It has a private retirement system. And based on IMF data, government spending “only” consumes 18.4 percent of GDP.
In some sense, there’s nothing remotely funny about the IRS’s targeting of Tea Party organizations. It is disgusting that a powerful arm of the government became a corrupt vehicle for illegal partisan politics.
When you’re trying to convince politicians to give up power and money, it takes a lot repetition. So, to paraphrase what Ronald Reagan said to Jimmy Carter, here we go again.
Last month, I nailed Bill and Hillary Clinton for their gross hypocrisy on the death tax. But that’s just one example. Today, we’re going to experience a festival of statist hypocrisy.
I’ve already cited Obamacare, the tax code, and the Export-Import Bank as facilitators of corruption. Let’s augment that list by looking at government intervention in the financial sector.
Kudos to Generation Opportunity for putting together such clever videos. But I think their most recent video is a true masterpiece. It manages to showcase almost all the bad features of Obamacare in a short, amusing, pithy form.
I thought TARP was the sleaziest-ever example of cronyism and corruption in Washington... But I may have to reassess my views.
Medicaid's "almost-free money” isn’t free, of course. It’s simply money that the federal government (rather than state governments) is diverting from the productive sector of the economy.
I’m not overly encouraged by the answers from these so-called millenials. Heck, I’m tempted to say that the voting age should be raised to 30.
Why do statists make so many mistakes with data? Paul Krugman, for instance, has butchered numbers when writing about fiscal policy in nations such asFrance, Estonia, Germany, and the United Kingdom.
I suspect advocates of economic liberty and smaller government won’t win the debate unless we augment our arguments by also making the moral case against government-sanctioned theft.
Today, at 11:20 AM PT: Get the Market Movements in Advance; Williams Edge Webinar for July 30th, 2014 | John Ransom
In Other News: Pro-Palestinian Rally in Tel Aviv Broken Up by Rocket Fire from Palestine | Michael Schaus
Today, at 11:20 AM PT: Get the Market Movements in Advance; Williams Edge Webinar for July 29th, 2014 | John Ransom