Taxes and Spending

The US fiat monetary regime not only has given us inflation and boom-and-bust cycles, but it also is the main contributor to the out-of-control government spending and debt accumulation.

While Republicans have promised robust economic growth to accompany their tax cuts, reality has been different. That is because Republicans increased government spending at the same time, dragging down the economy.

While Republicans have promised robust economic growth to accompany their tax cuts, reality has been different. That is because Republicans increased government spending at the same time, dragging down the economy.

Both progressives and conservatives show a complete unwillingness or inability to distinguish between those who got rich by genuinely creating value by serving others and those who are getting rich by expropriating wealth through force.

In this article from 1950, Murray Rothbard suggests some of the less bad ways of financing military operations. Hint: monetary inflation and taxing savings and investment are among the worst.

Both progressives and conservatives show a complete unwillingness or inability to distinguish between those who got rich by genuinely creating value by serving others and those who are getting rich by expropriating wealth through force.

The federal income tax is the crown jewel of a massive welfare-warfare state.

States like California are learning this in real time, as high-income earners relocate in response to rising tax pressure and growing fiscal uncertainty.

Politicians love to claim they are cutting taxes all the while running up ruinous debts and deficits. If they wish to get serious about cutting taxes, they first need to cut spending.

If we uphold voluntary exchange on the market as the standard of fairness, then the only neutral tax is one that is flattened to zero percent for everyone.