In the article “Death by Taxes: A Sordid History” we discovered how the 16th Amendment was an egregious invention of those who hold to the socialist idea of “the ability to pay”. In this article we’ll delve more deeply into the idea that successful businesses owe their prosperity by using more government provided services. Also, we will consider the moral ramifications for society as a whole and how taxation is an undue burden on the wage earner in an indirect way. Continue reading Death by Taxes: Legal Plunder
April is the time of year I reflect back to the passage of the 16th Amendment and the Federal Reserve Act. Two juggernauts that have done more damage to our standard of living than any other pieces of legislation. There is nothing good about being taxed, especially having your income taxed. There is so much to be said about income taxes, the scheme behind progressive taxation and taxes in general that this will end up being a multi part series. It is important to understand the delusion that most people have over the “necessity” of governments to tax their citizens. Continue reading Death by Taxes: A Sordid History
Earlier this week I was on Liberty Talk Radio with Joe Cristiano. We discussed everything from Creative Destruction to the Nissan Leaf. We had a good time and it looks like I’ll be back on again.
Joe is on the air every week day from 8am to 9am Central Time at http://www.libertytalkradio.com. Give him a listen, you’ll enjoy his show and his guests.
Many of you remember my review of Garry Reed’s first collection of his libertarian work, “Selected Salvos from the Loose Cannon Libertarian”. Well, he’s at it again. In his second addition to the Fun and Freedom genre, as he puts it, “Selected Salvos 2 from the Loose Cannon Libertarian” takes the reader into the school of “Playboynomics”. Continue reading Salvos 2: Get Ready for More Fun and Freedom
Recently, Seattle has been the buzz of free market enthusiasts throughout social media and business websites. Soon, Seattle will attempt to implement a “living wage” of $15 per hour. The web has been awash in reports of restaurants and small businesses already closing their doors or , at least, preparing to downsize significantly in anticipation of the new minimum. Continue reading The Wage Experiment Known as Seattle
A simple internet search about the vanishing middle class in America would yield literally thousands of articles about the topic. Not to mention Elizabeth Warren’s infamous book. Left leaning Russia Today talk show host, Thom Hartmann has also chimed in by postulating that the middle class isn’t normal. He opines that society needs to make a choice whether we’ll even have a middle class. He contends that capitalism doesn’t mystically produce a middle class. To add fuel to the fire, he also says that Charles Dickens novels are a more accurate representation of what free market capitalism looks like in it’s purest form. Let’s get through the posturing, rhetoric and bias about what’s really going on with the middle class in America.
A few days ago, I had a discussion with a co-worker about the need for the government to regulate “The Market”. Consistently, the definition of terms, most certainly economic terms, leads the discussion to devolve into a debate. Each side arguing past the other as definitions of words or terms are taken for granted. Once we agreed upon the definitions of terms, then the discussion returned to being reasonable once again.
Just what do people mean when they discuss the market? There are so many markets; stock markets, money markets, labor markets, commodity markets and so on, that the confusion is quite understandable. To economists “the market” refers to the market of exchange between individuals. Of course the term “The Free Market” can include all of the afore to mentioned exchanges, but by and large, this is what they are talking about. Society and markets are actually very closely related and at times synonymous. The market simply refers to the economic interaction of people. Continue reading Markets or Mercantilism