With both major political parties seemingly uninterested in the long-term fiscal stability of the United States, the only near-term solution for the spendthrift class in Washington, DC, is to either raise taxes or spend recklessly.
For starters, let's have California secede and limit Bernie-style socialism to the new republic. If my predictions ended up being wrong and the state became a paradise, then the rest of the country could quickly follow suit.
Since politicians increasingly use tax law as a means of regulating American life, the IRS has become a supercharged regulatory organization that goes far beyond just collecting taxes.
In this article from 1950, Murray Rothbard suggests some of the less bad ways of financing military operations. Hint: monetary inflation and taxing savings and investment are among the worst.
Government spending overall—not just deficits—is the real problem. Government spending diverts wealth away from truly productive people and toward the government and its favored groups.
Trump is spinning a narrative in which ever larger government budgets—and ever larger piles of deficit spending—create jobs and make America "safe."
Buttigieg's plan to repopulate depressed rural areas with immigrants reminds one of old Soviet schemes to ship people to Siberia to stimulate the economy there.
Is there a correlation between wealth and a higher tax burden? After, people like to say that more taxes mean more public services.
Between the regulation of business and penalties for rising income, anti-poverty policies in America make it so that many workers have no clear path to escape poverty.
The Social Security program will have to be either inflated away with increasingly worthless dollars or Congress will have to intervene to cut benefits.
