The Folly of the National Sales Tax
By decreasing the real output derived from national resources in this manner, the VAT necessarily decreases the material standard of living for all of a nation's consumers.
By decreasing the real output derived from national resources in this manner, the VAT necessarily decreases the material standard of living for all of a nation's consumers.
This is a concise critical history of the federal program of Old-Age, Survivors and Disability Insurance (OASDI), popularly known as Social Security.
Presented as part of the Mises Institute’s Brown Bag Seminar series on April 5th, 1995 in Auburn, Alabama.
A final insult is how US tax law treats its emigrants from this country. It continues to tax them as if they were lifetime slaves.
Today is Earth day, and a week ago we “celebrated” tax day.
The idea that experts can do a better job of directing the use of resources, including gasoline, than can markets and market prices derives from the faulty assumption that experts know more than the whole of society.
"Why is it that people who rightly criticize the income tax are so quick to accept a national sales tax on consumption?"
"If carbon dioxide is classified as a pollutant, then every breath we take can be regulated by government." That sums it up perfectly.
The oft-used cliché in response to harsh criticisms of the country or its government is "If you don't like it, you can leave." Republicans made it much more difficult for disgruntled citizens to follow this advice; it is time to repeal this profligate legislation.
Do we already have inflation in the pipeline? I think so.