Taxes and Spending

Donald Trump recently addressed top CEOs with a proposal that he sells as helping to reduce income taxes.

In discussions of politics, it is common to see politicians praised for policies and programs that expand the welfare state.

Alabama Governor Kay Ivey signed a bill on May 17 that removes all income taxes on capital gains from the sale of gold and silver, enabling the state to take an important step forward in reinforcing sound money principles.

U.S.

Ensuring private property rights was essential for the development of the capitalist economy in the Western world.

The mentality of Build Back Better is not just confined to the US. Around the world, governments are resorting to the ancient tradition of using massive amounts of resources to build things that glorify the state, not add to the economy.

Even though people are leaving California and New York in droves due in large part to their ruinous taxes, the state authorities are tracking these emigrants down and demanding they continue to pay state taxes. Right out of Orwell.

Government officials like to claim they are doing something about reducing poverty. The trouble is, of course, that what they are doing makes things worse. Here on Income Tax Day, we recommend that next time, they should do nothing.

Murphy gives a comprehensive critique of Stephanie Kelton's new Modern Monetary Theory documentary, covering the flaws in its theory, history, and policy recommendations

The government’s inflationary borrow-and-spend policies have given Americans a false sense of prosperity. In the end, such policies are unsustainable.