Taxes and Spending

Forget equity and fairness and reducing so-called wealth gaps. The current “tax-the-rich” movement is driven by an unspoken pathology: envy.

While China’s economy has boomed, many people wrongly associate that success with the Chinese government’s industrial policies. Intervention has created many problems there—just as it has done elsewhere.

Among the key men involved in the American Revolution and the following periods, we find an oft-repeated concern that may seem foreign to us today—the threat of standing armies. This reality became concrete in the Newburgh conspiracy in 1783.

Among the key men involved in the American Revolution and the following periods, we find an oft-repeated concern that may seem foreign to us today—the threat of standing armies. This reality became concrete in the Newburgh conspiracy in 1783.

While China’s economy has boomed, many people wrongly associate that success with the Chinese government’s industrial policies. Intervention has created many problems there—just as it has done elsewhere.

Taxes and spending don’t “balance out.” Mark Thornton channels Rothbard: taxes compound the damage—distorting markets, rewarding the political class, and grinding down real living standards.

A modern myth is that the more government taxes and spends, the more “equality” it brings. Brazil is proving that is not the case.

As socialists gain power in American cities and states, they look to destroy the creation of wealth and to tax the wealth-creators into oblivion. We know how these scenarios end.

As socialists gain power in American cities and states, they look to destroy the creation of wealth and to tax the wealth-creators into oblivion. We know how these scenarios end.

As I see it now, there are really two economies—two distinct systems of producing and exchanging wealth. Or rather, two systems that purport to do these things.