Taxes and Spending

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AOC and Schumer Want Taxpayer Funding for Covid-19 Funerals

HealthSocialismTaxes and Spending

Blog02/09/2021

Democrats want taxpayer funding for the families of those who died of covid. But, of course, there's no discussion of helping those who died as a result of covid lockdowns, such as those who were denied medical treatment for cancer. 

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When Biden "Creates Jobs" Look for the Hidden Costs

Taxes and SpendingU.S. History

Blog01/29/2021

"Jobs programs" never create new wealth. They only redirect wealth and resources from other sectors of the economy. The cost to those other sectors is often very high. 

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What to Expect from Bidenomics

Taxes and Spending

Blog01/27/2021

In order to prevent the economy sinking into a lasting state of stagnation, what is required is to reduce both government spending and government regulation, and to rein in the Fed.

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California Now Wants to Tax People Who Live in Other States, Too

Taxes and Spending

Blog01/06/2021

In case you doubted that California's politicians are firmly committed to ever-higher levels of taxation, California is now trying to retroactively impose sales taxes on out-of-state retailers going as far back as 2012.

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2021's Deficit Spending Is Already Out of Control. Here's Why That's a Problem.

Taxes and Spending

Blog12/23/2020

Deficits still matter, largely because they require monetary policies that lead to bubbles, inequality, and the slow Japanization of the US economy. 

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The Problem with Mandatory "Socially Responsible Investing"

Financial MarketsFree MarketsTaxes and Spending

Blog12/23/2020

There are ominous signs on the horizon that governments want to move toward mandating "socially responsible investing" for pensions and fund managers. This is a terrible idea, to say the least. 

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Mises Explains the Santa Claus Principle

Taxes and SpendingInterventionism

Blog12/21/2020

An essential point in the social philosophy of interventionism is the existence of an inexhaustible fund which can be squeezed forever.

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The "Great Reset" and Plans for a Global War on Savings

Taxes and Spending

Blog12/07/2020

Emerging market debt-to-GDP hit nearly 250 percent in the third quarter, with China reaching 335 percent, and for the year the ratio is expected to reach about 365 percent of global GDP.

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The Impossibility of "Taxation with Representation"

Taxes and SpendingPolitical Theory

Blog11/21/2020

The slogan "taxation without representation" implies that taxation with representation is both possible and moral. But the idea of political representation is fraught with errors.

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