“U.S. Sen. Dean Heller of Nevada said Wednesday he would not rule out allowing tax rates to increase for higher-income Americans if it is coupled with substantial spending cuts … in a bid to avoid the ‘fiscal cliff,’” the Las Vegas Review-Journal reported last week. Few bothered to read further down, where the newspaper reported […]
Archive for the 'Taxation' Category
How are we doing, safeguarding those “unalienable Rights” with which we are “endowed by our Creator” — in support of which 56 patriots solemnly pledged their lives, their fortunes and their sacred Honor, 236 years ago? We remain free by many measures. Americans can still pretty much live where we want, work where we want, […]
Jeffrey Armstrong is a soft-spoken guy, of evident Caribbean origin. He’s the owner and sole proprietor of “The Smoke Zone,” a rented storefront next to the Quizno’s on Rancho Boulevard just north of Charleston — though it’s one of several similar “RYO (Roll Your Own) Filling Stations” in Southern Nevada. The basic pitch? Cheap cigarettes.
After a time, it became difficult for anyone to leave the Soviet Union or its captive slave states: You could be shot. Initially, though, Comrade Lenin’s Bolsheviks were somewhat more sweet-tempered: For a few years after 1917, greedy capitalists who owned things were free to depart — just as long as they left all their […]
Derek Thompson, senior editor at The Atlantic, wrote on April 16 (citing an analysis from the Joint Committee on Taxation) “Half of American taxpayers owe no federal income tax, and most of those filers actually net tax benefits from federal income taxes.” In fact, though, Mr. Thompson is at pains to point out “The majority […]
The congressional deficit-reduction “supercommittee” said Nov. 21 it had failed to reach an agreement on slashing the U.S. deficit by at least $1.2 trillion. That failure will supposedly trigger mandatory cuts to military spending and some social programs, starting in 2013. Or, perhaps, when pigs fly.
English was not the first language of the great Austrian economist Ludwig von Mises. Hearing his graduate students at New York University repeatedly use the colloquial expression “loopholes,” he asked for an explanation. After the concept had been explained to him, according to his late student Murray Rothbard, the great economist said, “Ah, so a […]
This “post-partisan” president was going to “bring us all together,” some may recall. But at his press conference last Wednesday, President Obama said: “If we choose to keep those tax breaks for millionaires and billionaires, if we choose to keep a tax break for corporate jet owners, … then that means we’ve got to cut […]
Perhaps you have heard of the Cargo Cults. If you’re going to pin your hopes of maintaining a military presence in the Pacific on a vast peninsular fortress like Singapore, the “Gibraltar of the East,” you might want to make sure Japanese soldiers can’t ride down the Malay peninsula on bicycles and turn off your […]
As we saw last week in the “Girl Scout cookies” case out of Savannah, Georgia, government — which was supposed to provide a level playing field by providing courts of law and barring interstate tariffs but otherwise stay out of the way — is destroying our economy, largely to protect the jobs of all its […]