Taxes and Spending

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.

Bob discusses Javier Milei’s 2026 address to the World Economic Forum explaining the Austrian and neoclassical ideas behind Milei’s defense of capitalism.

Bob lays out California’s proposed 5% wealth tax on billionaires, using it to explain why taxes on wealth are especially destructive, how different tax structures change incentives, and what recent migration data says about people voting with their feet.

Statists love to claim that government services would be better if only they were “fully funded.” However, given their nature, government services always will be seen as “underfunded” no matter how much money politicians throw at them.

Statists love to claim that government services would be better if only they were “fully funded.” However, given their nature, government services always will be seen as “underfunded” no matter how much money politicians throw at them.

For all of the demands for reparations for blacks, the schemes so far have been unworkable and would not address the real wealth gaps between black and white Americans.

For all of the demands for reparations for blacks, the schemes so far have been unworkable and would not address the real wealth gaps between black and white Americans.

In his inaugural speech, New York Mayor Zohran Mamdani declared an end to “rugged individualism” and the embrace of “the warmth of collectivism.” New Yorkers are about to find out that collectivism will not produce what they need to have better lives.

In his inaugural speech, New York Mayor Zohran Mamdani declared an end to “rugged individualism” and the embrace of “the warmth of collectivism.” New Yorkers are about to find out that collectivism will not produce what they need to have better lives.