Tag: taxes
-
Income vs Consumption
I found it fascinating to read You Are What You Spend to see how different the economic picture is depending on the way we measure economic position. . . . renewed attention is being given to the gap between the haves and have-nots in America. Most of this debate, however, is focused on the wrong…
-
Why We Need A Tax Debate
If anyone wonders why I think we need a tax debate here’s a good example. Congress passed their omnibus spending bill and today Senator Bennett announces that he got $290 Million for Utah in the bill. The assumption underlying his announcement is that any money he brings to the state from the federal government is…
-
A Tax Debate Would Be Wise
Apparently the New York Times would like to have a public debate about taxes. The editorial board expresses their despair that none of the presidential candidates talk about taxes. I think that they are completely right that such a debate is necessary. Beyond that it seems that there is hardly anything that we agree about…
-
The FairTax
I began to take a closer look at the FairTax proposal because Mike Huckabee (currently the most visible supporter of the FairTax) is rising quickly in the polls and also because I have had some co-workers ask my opinion on the proposal. My immediate answer was, “I want more details.” I read two articles on…
-
Useless 401K
Why is it that the government gets to tell me when I can spend my money? That’s a question I have asked myself many times. The “you can’t touch it until you’re 60” rule is proof of why it is not the business of government to get involved in what private citizens do with their…