Taxes and Spending

Displaying 1 - 10 of 1451

As the Pentagon Fails Another Audit, Congress Wants to Spend Even More on "Defense"

Taxes and SpendingU.S. EconomyU.S. History

Blog12/06/2022

America's military technocrats (a.k.a. "generals") specialize in losing wars and also losing your money. Naturally, Congress wants to give them even more taxpayer cash.

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Who Pays Wealth Tax: The Rich or the Poor?

CapitalismLabor and WagesTaxes and Spending

Blog11/30/2022

Spain's government is attempting to levy a wealth tax ostensibly to be "in solidarity with the poor." Because wealth taxes ultimately help lower real wages, there will be more poor people to share in the "solidarity."

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Taxing the Wealthy: A Tale of Two State Propositions

Economic PolicyFree MarketsProgressivismTaxes and Spending

Blog11/28/2022

Massachusetts voters approved yet another tax hike for high-income residents, while California voters rejected a similar proposition. The current tax fever does not bode well for economic growth.

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Why Proposition 13 and Attacking It Are Both Popular

Big GovernmentBureaucracy and RegulationTaxes and Spending

Blog10/26/2022

More than forty years ago, California voters enthusiastically passed Proposition 13, which limited property tax hikes. Politicians have been lying about it ever since.

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Student Loan Debt: The Financial Time Bomb Politicians Want to Ignore

Corporate WelfareTaxes and SpendingU.S. Economy

Blog10/20/2022

President Biden's nonsolution of partial "debt forgiveness" is in limbo, but the slow financial destruction that massive student loan debt is unleashing continues.

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Higher Education Woes: Student Loans Help Fuel Higher College Costs

Bureaucracy and RegulationEducationTaxes and Spending

Blog10/13/2022

While President Biden claims that forgiving student loans helps reduce college costs, it is the loan program itself that is responsible for much of the explosive growth of higher education spending.

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Can Tax Cuts Reduce Corruption in Ukraine?

Cronyism and CorporatismTaxes and SpendingWar and Foreign Policy

Blog10/10/2022

Ukraine not only is famous for its current war with Russia, but also for being one of the most corrupt states in Europe. Cutting taxes may reduce the underground economy.

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Student Loan Forgiveness Treats the Symptom, Not the Disease

Cronyism and CorporatismProgressivismTaxes and Spending

Blog09/27/2022

President Biden's recent student loan forgiveness initiative only exacerbates the real problem: the cost of a college education, thanks to government intervention, is outrageously high.

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The Inflation Reduction Act: Another Unfair and Unjustified State Intervention

Cronyism and CorporatismInflationTaxes and Spending

Blog09/21/2022

One doubts that the so-called Inflation Reduction Act will reduce inflation. However, it will wreak havoc on the US economy with its lethal mix of taxes, regulations, subsidies, and outright crony capitalism.

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Do We Want Real Tax Cuts? How About Cutting Government Spending?

KeynesTaxes and SpendingCapital and Interest Theory

Blog08/31/2022

Keynesians claim that tax cuts are good because they help increase consumer spending. But here's why this doesn't matter.

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