Porkulus Bill Funds Transition to National Child Day Care!
We really need to fight against Obama’s leftist national anti-health and anti-energy bills, but here’s one of the next nuggets of excrement in the pipeline. I honestly expect this to not come to fully fester until after the 2012 election, but I’ve been surprised at how quickly he’s been trying to move everything. I had figured that he would do everything to change America into | Read More »
Obama on Charitable Tax Deductions: Give Away Everything and Owe 11.6%!
Watch these brief remarks by Barack Obama and then consider the consequences. I realize that this is not a recent development, but we can’t forget about it. Obama’s tax changes will limit the charitable tax deduction to 28% as they raise the top tax bracket to 39.6%. To give an example of what this could mean for a wealthy donor, consider this. A philanthropist earns | Read More »
Corporate Taxes: “Fairness”, Induced Leverage, and the Banking Crisis
Politicians are happy to raise corporate taxes because they can get applause from leftist supporters for doing so. Your typical leftist cheers for corporate taxes out of fairness. Their willful ignorance of the nature of ownership blinds them to this simple fact: corporations are owned by individuals who are subject to personal income taxes and tax-exempt institutions, such as their beloved Harvard University. It’s pointless | Read More »
Build America Bonds: The Silent Encroachment of the Unitary Nanny State
The Build America Bonds program is a wolf in sheep’s clothing. It’s a catchy name. Who could be against building America? It replaces the market-based defense of federalism with a direct federal subsidy of interest payments to state and local issuers. It is beyond doubt that there are going to be federal strings attached to this federal money, and that these terms of endearment | Read More »
Our Reverence for the Laffer Curve Obscures the Purpose of Taxation
I fully agree that the Laffer curve for recurring revenues collected each year versus the tax rate on a given activity has a maximum at some rate of government expropriation below 100%. Despite this, I think that the way we discuss the Laffer curve hinders our ability to make sensible economic decisions. The goal of a taxation system for an economic conservative is not to | Read More »
The Federal Tax Exemption of Municipal Bonds: A Vital and Threatened, Yet Largely Ignored Market-based Defense of Federalism
The purpose of this post is to publicize a key defense of federalism that few people have thought about, and that is being eroded under our noses. The explanation is fairly involved, and will use some basic algebra. If you feel really lost as you continue to read, I recommend starting here: http://www.investinginbonds.com/learnmore.asp?catid=8 We live in a complex world, and just as there are hidden | Read More »
Manifest Destiny Achieved for Hannah Giles! ACORN Video #4 in Cali!
http://biggovernment.com/2009/09/15/acorn-prostitution-scandal-california-here-we-come/ Their tax fraud scams are getting more creative. One of the suggestions this time was that they invest in a line of vitamins. I can only hope that there are more of these to come. It would have been nice if they’d also done some videos where they pretended to be drug dealers or perhaps even assassins for hire, but what we have here | Read More »
PUBLICIZE ACORN’S VILE CRIMINALITY
These employees of ACORN unflinchingly aided people who claimed to be organizing an INTERNATIONAL CHILD RAPE & ABDUCTION RING!!!!!!!!!!! They even had the audacity to suggest to these people posing as utter scumbags that they claim the victims as dependents on their personal tax forms. The leftstream media is not covering this. These intrepid undercover reporters made the mistake of releasing this on the anniversary | Read More »