The NYT has a couple of articles one dealing with the pain the tax hikes have caused and another with how the lower income people where hit the hardest. And conveniently the NYT forgets to mention the “WHO” and “WHY” of it all in either piece. I am sure if they thought they could get away with it they would blame Boosh, but by now this tired and false excuse doesn’t even work with … Read more
Tag Archive: Taxation
As Thrill noted, the so-called fiscal cliff was semi-averted last night. I didn’t pay too close attention to the debate since the basics of the deal had been hashed out days before. All we had last night was political theater. It’s true that 2/3 of the Republican House voted against it. But they allowed it to come to a vote and most voted after they were sure it would pass as an ass-covering maneuver. I’m … Read more
NPR recently had group of economists discuss policies that they think are great for the country but that politicians consider radioactive. The group of economists was actually quite diverse, ranging from George Mason libertarian (and frequently linked Cafe Hayek blogger) Russ Roberts to Cornell liberal Robert Frank. What six policies could that group possibly agree on? And why wouldn’t politicians embrace policies that enjoy such a broad consensus?
One: Eliminate the mortgage tax deduction, which
It seems that every week brings some stupid/repulsive piece of legislation out of the Democratic “leadership”. A few weeks ago, it was the repellent People’s Rights Amendment. Then last week, it was the Trayvon Amendment. And now, it’s the Ex-Patriot Act:
Facebook co-founder Eduardo Saverin has gone ahead and given up his U.S. citizenship before the social network’s IPO, thereby saving an estimated $67 million in taxes, and personally pissing off our nation’s leaders.
Feeding the beast, the ever ravenous appetite of government
spending waste has been the largest impediment to fiscal solvency. The mantra of this administration, couched in deceptive terms like ,”Paying their fair share”, has always been income equality. But raising taxes only leads to more spending, which leads to even more calls for raising taxes, all the while the junkie gets more smack, and the drug problem goes unanswered.
Some liberal do gooder (at least … Read more
Kevin Drum has a post up addressing various “Right Wing Myths” about the economy. Some of these myths are self-refuting: he claims the stimulus worked because economic models indicate that it should have worked, he repeats the claim that 1937 proved Keynesian theory (ignoring that 1946 refuted it), he pretends that the Reagan tax cuts didn’t stimulate the economy, he ignores an anti-correlation between unemployment and profits, he claims that since a narrow plurality cite … Read more
All right, his has got to stop, liberals. You just sound so stupid every time you say it.
Here is the latest “amusement” from the Left about those dumb “teabaggers”, via Unreal Americans. It juxtaposes anti-tax signs with things supposedly funded by taxes that the protesters are enjoying.
Heh heh. Those dumb tea baggers! They’re protesting against streets and electricity!
This is the poor man’s version of Elizabeth Warren’s dumb rant. And I’ll just repeat … Read more
The Left is in a positive lather over this clip from Elizabeth Warren, now running for Senate against Scott Brown:
First, Warren is factually incorrect. We didn’t get into debt because of $1 trillion in tax cuts for the rich, we got into it because of $3 trillion in tax cuts for everyone. Tax cuts are tax cuts; revenues are revenues. Tax revenues do not magically multiply and close debts because they happen to come … Read more
I’ve been thinking a lot about the job problem in this country. Jobs are the problem right now. One in eleven Americans is unemployed, the knock-on economic effects are making a bad deficit situation worse and a long-term culture of dependence is being created. I am under no delusion that a blog post will change anything. But I thought I’d write up about 2000 words of thoughts on the subject so you’ll know where I’m … Read more