Socialism in Latin America is now called “pragmatism,” writes Colin McNickle in the Pittsburgh-Tribune Review in a column that borrows heavily from Mises. The hook here is the installation of Tabare Vazques as president of Uruguay.
Here is another outrageous story of how far taxing bureaucrats will go to enforce taxes:
A woman was stunned and embarrassed when police arrested her Feb. 19 in front of her children. Her alleged offense: failure to appear in court on a charge of failure to file a 2001 city income tax form. She says she owed the city only 96 cents.
Famed asset manager Jeremy Grantham’s essay Replacement Cost: The Bedrock of Value (follow link and then advance to page 7 of 9 in the PDF). Grantham writes as follows:
Macleans of Canada asks Is America Going Broke?.
Orthodox neoclassical economics has long maintained that, from the point of view of the taxed themselves, an income tax is “better than” an excise tax on a particular form of consumption, since, in addition to the total revenue extracted, which is assumed to be the same in both cases, the excise tax weights the levy heavily against a particular consumer good. In addition to the total amount levied, therefore, an excise tax skews and distorts spending and resources away from the consumers’ preferred consumption patterns.
If no one votes in a referendum, does the measure pass or fail? That was the question facing local officials after no one voted in Tuesday’s local option sales tax election in Jesup, Iowa.
On C-Span2’s Book TV this past Sunday, author John Perkins offered up a fascinating talk about his book, Confessions of an Economic Hit Man.
Modern conservatism, in the United States and Europe, is confused and distorted. Under the influence of representative democracy and with the transformation of the U.S. and Europe into mass democracies from World War I, conservatism was transformed from an anti-egalitarian, aristocratic, anti-statist ideological force into a movement of culturally conservative statists: the right wing of the socialists and social democrats.
Because your father never had to deal with Sarbanes-Oxley. A great article in the new issue of Strategy + Business: “Not Your Father’s CFO.” The CFO is no longer a bean counter with a few ties to tax and treasury. CFOs, nowadays, are strategic activists with roles in strategy and operations, as well as bean countering.
