Tag: taxes
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Politics vs Economics
I am not surprised that there are big ideas that make perfect sense from an economic perspective which are politically unpopular – after all, doing what has been deemed to be politically possible has led us to a dire economic position.
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Taxes: Supply vs Demand
The bulk of the discussion at the legislative town hall meeting last week was focused on fiscal issues of one kind or another. One thing that was briefly touched on was the potential return of sales tax on unprepared food. I have always been a fan of not having that tax, because of its supposedly…
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Return of the Food Tax
Curtis Haring is concerned about the possibility that the state legislature will reinstate the food tax that they repealed all too recently. Considering that the state is facing a budget shortfall in the neighborhood of 3/4 of a Billion dollars, it is a very legitimate concern for Curtis and a very legitimate consideration for the…
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Hit Them Where it Hurts
[quote]As Congress finds new and ever more inventive ways to spend money (both real money and imaginary money) more and more voters are waking up to find themselves becoming fiscal conservatives. First off, I must say that there are not nearly enough of us among the voters and secondly I feel compelled to add that…
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Future Amendment – Fiscal Discipline
I believe I have been very clear about what I think of the 16th Amendment. For anyone who wasn’t sure – I think it should go the way of the 18th Amendment and be repealed. Not long ago I found a group that feels the same way and is pushing for the 28th amendment to…
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Money Down the Drain
A little statement from an article titled “Cash For Clunkers”: Did It Work? got me wondering about the fate of three hundred million dollars. When the $3 billion is exhausted, roughly 600,000 vehicles will have been swapped for more fuel-efficient models, based on statistics released from the government so far. Do the math there and…
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Bad Year for Liberty
photo credit: Leo Reynolds I consider 1913 to be a very bad year for liberty because in that year the 16th and 17th amendments were both passed. Each of these amendments is a lever that loosened the moorings that had limited the power of the federal government for 126 years to that point. It’s true…
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Constitutional Amendment 16
The longer I live and the more I study, the more convinced I become that the sixteenth amendment is the greatest assault on liberty in our Constitution. The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census…
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Political Action vs Reaction
It’s tax day and I doubt anybody who reads this has not heard in advance about the many "Tea Party" events that have been planned around the country for today. Ive been hearing about them from various sources for months and I have been conflicted in my feelings related to such activities. From a constitutional…
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Two (or more) Wrongs Don’t Make a Right
I was listening to Peter Schiff’s Wall Street Unspun for this week and he said something that cemented a change of perspective I had been considering regarding the AIG bonuses. I had been thinking about this idea of taxing the bonuses at 100% and relizing that it amounted to an ex post facto law –…