taxes
Humor — Bird Seed
This Chuck Asay cartoon captures what small business must feel like in this era of predatory government. It is like being a minor actor in Alfred Hitchock’s movie “The Birds.” Without reading the script, you know you are expendable.
David Stockman Alienates Both Ends of The Political Spectrum
David Stockman wrote an intriguing article which appeared in the NY Times. That it appeared in the Times is noteworthy itself, for it contradicts so many liberal shibboleths the paper has supported (promoted) for many years. Its appearance is less likely to reflect the first steps to Damascus and may be a sign of financial [...]
Manny Pacquiao — Tax Expert
It happens slowly and in ways never imagined. High US tax rates are destructive to the economy. Anyone with material income is changing his behavior, whether it is with respect to current earnings, investment income or even emigration. These microeconomic decisions, people altering their behavior to adjust or offset the pain government wants to inflict [...]
“There’s nothing more portable than a millionaire and his money.”
A recent post on capital flight dealt with its leaving the country to destinations where it is treated better. The capital referred to included both physical and human capital. Capital does not have to flee the country for harm to occur. It merely has to flee the areas where it is under attack. With regard to [...]
Capital Flight
Capital has no nationality. It goes where it is treated best. As social welfare states grab for more and more money, they make it harder for capital and labor to be productive. At some point the coexistence of the welfare state with the productive sector becomes so strained that the productive sector either cuts back on [...]
Going Down The Toilet
Preaching/warning about the impossibility of honoring our obligations is getting tiring for me. I can only imagine how readers must feel. Obviously they would like to hear some good news, although that is not possible given where we are. Rather than me rant and rave, Mort Zuckerman can do so in my place. For those [...]
Let’s Eat The Rich
Hooray, the grand compromise (actually a total Republican surrender to Obama and Statism) has been reached. The stock market apparently endorses the deal, as it appears to be in a melt-up this first trading day of the New Year. The euphoria of it all is enough to make H. L. Mencken marvel. In reality, no [...]
Don’t Negotiate In The Press Or Anywhere Else For That Matter
The “crisis” of the fiscal cliff continues to dominate the news. The coverage, as usual, is unbalanced and naive. The media and the President think that taxes are the issue. They are an issue, but they are neither necessary nor sufficient to fixing our governmental insolvency. Tom Lester weighs in with his opinions on the [...]
Syrin
The Swedish Chef
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