Taxes and Spending

The standard line is that taxes are part of a “social contract” that individuals have with the authorities that govern them. It is time to rethink the terms of this so-called deal.

All of us have experienced government road closures and the traffic and safety nightmares they create. Private roads may be the answer to solving the problem.

Mark Thornton examines the proposed Congressional compromise spending legislation.

America's famous Corn Belt should better be known as the nation's Subsidy Belt. 

Frédéric Bastiat died before he could finish Economic Harmonies, but what he did write is an important promotion of liberty.

The regime would have you believe there is an inexhaustible fund somewhere which we can live off of indefinitely, and which can be squeezed forever. This attitude leads only to inflation, impoverishment, and a decline in the standard of living. 

Since 2019, the total national debt has increased by 25 percent, but interest paid on the debt has increased by 75 percent. More specifically, interest on the debt came in at nearly $573 billion in 2019, but it will top $1 trillion in 2024. 

In his latest defense of bloated military spending, President Joe Biden claims that the military budget creates real wealth. Instead, military spending is destroying it.

Protectionists are no better than any run-of-the-mill Progressive who wants more taxes on one group in order to subsidize some other group. There's no moral high ground here for the protectionists, just unfounded self-righteousness.

Residential property taxes attack one of the most fundamental needs and assets in a person's life—i.e., housing—in a way the income tax does not. As the central bank's monetary inflation drives up home prices, property tax burdens increase as well.