Taxes and Spending

Being the good socialist he is, Mayor Zohran Mamdani of New York City recognizes that gold represents sound money and commerce. Naturally, he wants to tax it into oblivion.

One of the legacies of Keynesian thought is the belief that war is “good for the economy.” While war may help enable employment, nonetheless, its overall legacy is destructive, and even the jobs war “creates” are economically undesirable.

One of the legacies of Keynesian thought is the belief that war is “good for the economy.” While war may help enable employment, nonetheless, its overall legacy is destructive, and even the jobs war “creates” are economically undesirable.

Government debt is junk investment, but the markets treat it as gold. That is because government greases the skids, keeping its paper from the market discipline that private investments experience.

The TSA stories, especially at Atlanta, are illustrations of interventionist non-intervention: non-delivery of promised, paid-for, and monopolized service.

The TSA stories, especially at Atlanta, are illustrations of interventionist non-intervention: non-delivery of promised, paid-for, and monopolized service.

Although most economists tend to overemphasize the desirability of particular ways of collecting tax revenue as opposed to others, a tax on profits is perhaps one of the most evil and disastrous forms of taxation conceived.

In a genuinely liberal framework, limited government, fiscal restraint, and legal clarity are not episodic accomplishments. They are the enduring foundations of a social order.

Politicians in the US and elsewhere appeal to envy as they demand destructive wealth taxes to be levied on billionaire business owners.

With California’s government looking to pile onerous taxes on the state’s wealthiest citizens, it is time to understand that if state officials try to inflict financial harm on wealthy people, they should know that such schemes do not end well.