Taxes and Spending

The entire existing trade system for milk is emblematic of governments’ convoluted intrusions into foreign trade and domestic protections.

President Trump claims that tariffs built American wealth. The truth is that tariffs cannot build wealth at all, only destroy it.

Organized labor, which long has been the bedrock of the Democratic Party, is being courted by the MAGA Republicans trying to bolster their image with the “working classes.” But labor unions are no true friend to the working class.

President Trump is levying high tariffs without consent of Congress, despite the fact that the US Constitution gives only Congress the power to set tax rates. It is time for Congress to stop redelegating its lawfully-delegated powers.

The Fed is losing record amounts of money, but in the magical world of money-printing, it‘s not a problem for the Fed. It‘s just a problem for the taxpayers.

Is Elon Musk’s DOGE taxpayer dividend proposal inflationary, or is it simply returning savings from government spending cuts?

Either tariffs raise revenue from foreign imports or make imports expensive enough to protect domestic producers, not both. There is nothing magical about tariffs. They are taxes and they are paid by you.

The unfortunate truth is that most of Europe is deep in a self-imposed decline. US taxpayers should not be forced to have any part of it.

The latest political hot potato puts our standard of living at a critical crossroads. Mark Thornton identifies the missing road signs. 

As Elon Musk takes on federal agencies, the Washington establishment is trying to frame him as an unelected plutocrat using government to help himself and other rich people at the expense of the poor.