Taxes and Spending

The key to a high quality of life is a free economy devoted to trade and entrepreneurship. Contrary to what we're told about Europe's welfare states, more government social spending doesn't cause economic prosperity.

Despite spending nearly $2 trillion, or 45% of the federal budget, every year on Social Security and Medicare, the feds are headed toward insolvency, and there is no relief in sight.

The center-left in Spain survived last weeks elections. Whether the economy can survive the left's tax addiction remains to be seen.

The passage of an income tax in the early twentieth century in America was an enormous shift toward a far more centralized and powerful state.