This Thursday, Scottish voters decide whether they want to break away from the United Kingdom and reclaim their independence. Do advocates of economic liberty in America have a dog in this fight?
Ive complained over and over again that Americas tax code is a nightmare that undermines competitiveness and retards growth. Our aggregate fiscal burden may not be as high as it is for some of our foreign competitors, but high tax rates and poor design mean the system is very punitive on a per-dollar-raised basis.
I appreciate clever humor, even when Im the target.
Lets go with federalism and get Washington out of the business of redistribution.
Im very worried about the burden of government spending. Moreover, Im quite concerned that poorly designed entitlement programs will lead to fiscal disaster. And Im especially irked that Obama made the problem worse by ramming through yet another misguided and costly health care entitlement.
Why is President Obama so fixated on a class-warfare agenda of higher taxes on the rich and government dependency for the poor?
When asked about the most worrisome statistic for a nation, I dont say its the top marginal tax rate, even though I think class-warfare taxation is very poisonous for long-run economic performance...
I periodically try to explain that theres a big difference between being pro-market and pro-business. Simply stated, policy makers shouldnt try to penalize businesses with taxes,mandates, and regulations. But neither should politicians seek to subsidize businesses.
I guess its progress that both the Greek government and the New York Times are acknowledging the Laffer Curve, but this is a perfect example of why its important to be on the growth-maximizing point of the curve rather than the revenue-maximizing point.
If escaping high taxes in New York is distasteful, then lots of people with lots of money already have decided to be distasteful.
If there are sound economic reasons to build a road, Im not going to be opposed simply because Keynesians support the spending for the wrong reason.
Its time to add to our collection of horror stories from the U.K.s government-run healthcare system...
Maybe Im biased because I mostly work on fiscal policy, but it certainly seems feasible to come up with rough estimates for the damage caused by onerous taxes and excessive spending.
I hate to sound like a broken record, but the Organization for Economic Cooperation and Development (OECD) is once again pushing for bigger and more intrusive in the United States.
I very rarely feel sorry for statists. After all, these are the people who think that their feelings of envy and inadequacy justify bigger and more coercive government.
Too bad we cant get the Joint Committee on Taxation in Washington to join the 21st Century. Those bureaucrats still base their work on the preposterous assumption that taxes have no impact on overall economic performance.
Theres lot of criticism of the IRS and the tax code on the Internet. Indeed, I like to think I contribute my fair share.
It boggles the mind to think that the United States now has the highest corporate tax rate in the industrialized world. But its even more amazing that America arguably has the most punitive corporate tax rate in the entire world.
If were creating a Bureaucrat Hall of Fame, I wont want to discriminate against foreigners. The U.K.-based Telegraph reports, for instance, that an unnamed doctor from Italy is a very worthy candidate for this award.
I wrote a column for the Wall Street Journal last week about the policy debate over whether its better to lower tax rates or to provide targeted tax cuts for parents. I wasnt surprised to learn that not everyone agreed with my analysis.
Today, at 11:20 AM PT: Get the Market Movements in Advance; Williams Edge Webinar for September 17th, 2014 | John Ransom
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Today, at 11:20 AM PT: Get the Market Movements in Advance; Williams Edge Webinar for September 15th, 2014 | John Ransom