Taxes and Spending

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The Covid Stimulus Isn’t Like Other Stimulus. It’s Much Bigger.

Taxes and Spending

Blog08/25/2021

We have to go back to 1945 and the Second World War to find a time in which government spending is similar to today's panic-driven frenzy of spending in Washington. 

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Government Debt Is Starting to Look Almost as Sketchy as Payday Loans

Taxes and Spending

Blog07/10/2021

As government seek ever larger amounts of debt to finance more spending, they're embracing huge debt levels in the way a broke consumer might embrace payday loans. In the end, we're left with nothing but a flimsy promise to pay. 

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The Fed: Why Federal Spending Soared in 2020 but State and Local Spending Flatlined

Taxes and Spending

Blog06/25/2021

In 2020, federal spending grew year-over-year at the highest rate since the Korean War. But state and local spending growth flatlined. Why? The answer lies with the Federal Reserve and how the feds can spend and borrow a lot more than any state. 

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Why Biden Wants a Cap on State and Local Tax Deductions

Taxes and Spending

Blog06/19/2021

The SALT tax deduction allows state and local taxes—like property taxes—to be deducted from federal taxes. To cap it is to pave the way for the federal government to tax income twice.

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Public Debt Got a Lot Worse from the Great Recession to the Great Lockdown

Taxes and Spending

Debt accumulation was already unsustainable prior to 2020, but the Great Lockdown has triggered an explosive increase. It may soon be reaching a point of no return for the world's major economies.

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Biden's Jobs Plan: More Government Jobs Won't Fix the Economy

Taxes and Spending

Blog05/22/2021

Government jobs may help reduce the official unemployment rate, but they actually damage the economy. After all, most government workers are employed in the business of redistributing wealth and regulating private property. 

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"Infrastructure" Is Now Anything the Government Wants to Do

Taxes and Spending

Blog05/15/2021

Just as SJWs redefined justice as "social justice"—with big implications for how we view true justice—politicians are redefining infrastructure to justify even more government intervention in daily life.

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Biden Wants a Global Minimum Tax to Offset His Proposed Huge Corporate Tax Increase

Taxes and Spending

Blog05/15/2021

Raising the US corporate tax would drive more capital out of the US. But the tax hike will be less risky if the US can get other countries to raise their tax rates as well. 

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The US Government Is On Track to Top Last Year's Record-Breaking Deficits

Taxes and Spending

Blog05/13/2021

The deficit for the year is pushing $2 trillion. And we still have five months to go until the end of the fiscal year. Only during World War II were the deficits so huge in relation to GDP. Meanwhile, the Fed continues to print money to buy more Federal debt.

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3 Ways the Tech Oligarchs' New Subsidy Is Ripping You Off

Bureaucracy and RegulationTaxes and Spending

Blog05/12/2021

When it comes to the oligarchs' new semiconductor subsidy scheme, the real cost in terms of economic distortions, lost welfare, and harm to competitors, is quite real and beyond the dollar amounts we see in the subsidy itself. 

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