Taxation without representation, online edition
The Senate passed the Marketplace Fairness Act by a 69-27 vote on Monday, bringing us one step closer to state taxes on Internet commerce. The House has its own version of the bill, so there’s a pretty good chance it will reach the President’s desk, and of course you had Barack Obama at “new tax.” It will be a wonder if he can keep from | Read More »
As predicted: California’s 1Q revenues dropping back to earth. Hard.
Which is to say: as predicted by me. I had a feeling that California’s surprisingly high tax revenues in January were due to people rushing through existing taxable transactions before that state’s new rates kicked in; and lo! …I seem to have been correct. The surge of revenue that showed up unexpectedly in state coffers last month may well be offset by a revenue dip | Read More »
Let’s tax wealthy foundations the same way we tax wealthy individuals
Down with the 1%! End the social injustice of gross income inequality! Smash the unfair fruits of capitalist oppression, in which a wealthy few take care of well-connected allies, instead of circulating their money into the economy for the 99% to get to touch! It’s time we started taxing wealthy foundations at the same rate we tax wealthy individuals. Gates. Ford. Getty. Kellogg. Hewlett and | Read More »
Soak The Rich, Drown The Retirees
As a dog returneth to his vomit, so a fool returneth to his folly. – Proverbs 26:11 (HT: Bible.cc) One of the first things new British Prime Minister David Cameron did in order to fix Great Britain’s recent economic problems was to tax the rich. He raised Great Britain’s top tax rate to 50% and his economists predicted that this would raise an extra billion | Read More »
Elizabeth Warren and All The Contempt That She Deserves.
There is nobody in this country who got rich on his own. Nobody. You built a factory out there? Good for you. But I want to be clear: you moved your goods to market on the roads the rest of us paid for; you hired workers the rest of us paid to educate; you were safe in your factory because of police forces and fire | Read More »
The Dismal Science – (Part 1 of 3): Michele Bachmann on Jobs and the Economy.
James MacDonald of ForeignPolicy.com describes the current Seldon Crisis occurring in Western economies as the end of a seven decade experiment. This seven decade experiment is described by Walter Russell Mead as The Blue Social Model. He talks us through its particulars below. Graduate from high school and you were pretty much guaranteed lifetime employment in a job that gave you a comfortable lower middle | Read More »
“Amazon tax” takes Texas in the wrong direction.
I am pleased to bring to you this commentary by the Texas Public Policy Foundation’s own VP for Research, Bill Peacock, on the need to defeat the Texas “Amazon tax” that will be considered by the Texas House of Representatives on Thursday morning. RedState’s Erick Erickson was on the case of the “Amazon tax” back in mid-May, and since then, Neil Stevens has done yeoman’s | Read More »
Sen. Coburn Didn’t Lie, But Grover Norquist’s Credibility Continues to Die.
Senator Tom Coburn !!!!!LIED HIS WAY INTO OFFICE!!!!! He made a deal with the Iniquitous Dick Durbin and joined his “Gang of Six”! He violated his pledge to Americans for Tax Reform, by even frequenting the same Senate Lavatory as these evil malefactors. He must be shamed. He will be stopped. And if you agree with any of the blither written above, you are about | Read More »