The myth of the fair tax is the myth of the just tax. Taxation is a coerced, not voluntary, exchange. It is false to say bureaucrats pay taxes. They consume taxes. They plunder. They are the tax eaters. The rest of us are tax payers.
Taxes are not just wrong, they are destructive. It is highly questionable that private parties could not create goods and services that consumers want at higher quality and lower costs.
April 15th is a horrible day, because it sums up all the wealth destruction called taxation that we are subjected to all year long.
When the State invades the right of the individual to the products of his labors it appropriates an authority which is contrary to the nature of things.
Whereas in the US, conservative economists tend to hail proportionate taxation as ideal, the Thatcherites have apparently understood the fallacy of this position.
What sanction, in morals, does the State adduce for the taking of property?
Let us hope that the tax credit will return in full force, until that wondrous day when the entire federal revenue system will be one gigantic loophole.
From the Buffett Rule to France's 75% tax on the wealthy, "soaking the rich" is all the rage once again.
The goal of fixing the budget deficit to avoid the "fiscal cliff" of 2013 could be an erroneous policy.
