Monty Pelerin's World

Economics, Finance and Politics Through The Prism of Classical Liberalism

Monty Pelerin's World

Tag archives for National Sales Tax

Why Spending Must be Cut

The article below argues (correctly) why we cannot tax our way out of our deficit problem, at least not via an income tax. Two caveats must be added: During the timeframe shown on the chart, most of the country paid income tax. Today, about 47% of earners pay no income tax. That makes it even [...]

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Likely Government Revenue Raising Measures

I am not endorsing revenue increases for the government. My position is for government spending cuts, a lonely preference in terms of Washington-think. Washington’s Pavlovian response, always, is that more revenue is required. That is the response for government all the time, whether it be Federal, state or local. There is never enough revenue for [...]

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