Our Tax Dollars Destroying Jobs

The Wall Street Journal today ran a story about gigantic touchscreens appearing in hundreds of McDonald’s in California, New York and Florida. The article was about the technology and the implication, of course, is that we free marketers should rejoice in progress even at the expense of jobs. My problem with this assumption is that (more…)

The Forgotten 4%

In honor of tax week, I thought I’d repost this…it was one of my earliest posts, so please forgive all the exclamation points!!!!

All this talk about fairness and the “rich” paying their “fair share,” you’d think the lower classes were bearing the greatest burden of taxation but they are not, not by a long shot!  First of all, 49.5% of tax filers pay NO INCOME TAX WHATSOEVER–these of course are the lowest earners, not the highest earners!  For this reason, and others, the United States has one of the most progressive tax systems in the world and has the highest corporate tax rate in the world.

I do think the current tax system is unfair, but because only the top half of all earners pay anything at all! And what’s worse, it’s the top earners, not the wealthiest, who pay the vast majority of the taxes. The idle rich (not that there’s anything wrong with that!) and the government-connected rich (there IS something wrong with that!) aren’t necessarily the ones paying income tax. Income tax is paid by those who earn an income for labor. The richer you are the less you need to do this so per force the majority of the highest earners are still below the level of those rich enough not to have to work–this is primarily (and perhaps by definition) the upper middle class.

According to the chart below, the lower 95% of earners are paying the same in taxes as the top 1%–both groups pay roughly 40% of the taxes. That other 4%,

An Interesting Passage from Quigley’s Tragedy & Hope

On Saturday’s show I mentioned a concept I picked up from Carrol Quigley’s Tragedy and Hope: that culture changes when children’s values are disconnected from their parents;’ this can happen in any of a number of ways from technological progress to outside cultural influences. I believe this method is deliberately used in the United States to move us from our individualist past to the “collectivist future.” Specifically I believe childhood education (literally disconnecting us from our parents), higher education (indoctrinating us to the state), high taxes (causing both parents to work), welfare (breaking up families), the drug war (creating outlaw subcultures), immigration policy (deliberately

An Interesting Passage from Quigley's Tragedy & Hope

On Saturday’s show I mentioned a concept I picked up from Carrol Quigley’s Tragedy and Hope: that culture changes when children’s values are disconnected from their parents;’ this can happen in any of a number of ways from technological progress to outside cultural influences. I believe this method is deliberately used in the United States to move us from our individualist past to the “collectivist future.” Specifically I believe childhood education (literally disconnecting us from our parents), higher education (indoctrinating us to the state), high taxes (causing both parents to work), welfare (breaking up families), the drug war (creating outlaw subcultures), immigration policy (deliberately

Saturday’s Show 7PM-9PM ET: Tax Day Cometh

I have some crazy facts and figures about how our governments spend our money. I have concluded that of the almost 40% of our money they take, 75% is wealth redistribution and 25% is govt services including legitimate defense. To arrive at this breakdown, I count much of defense spending as cronyistic regressive wealth transfer (more…)

Saturday's Show 7PM-9PM ET: Tax Day Cometh

I have some crazy facts and figures about how our governments spend our money. I have concluded that of the almost 40% of our money they take, 75% is wealth redistribution and 25% is govt services including legitimate defense. To arrive at this breakdown, I count much of defense spending as cronyistic regressive wealth transfer (more…)

European Debt Crisis & Socialism's Infinite Loop: On & About This Week's Show

The show this week was great! Thanks to callers and listeners alike. Who knew the European Debt Crisis could be so much fun? To tell you the truth, the truth is so horrible that ya gotta laugh at it or you’d cry! Central economic control and the socialist state are as much a failure in Europe as they were in Russia and North Korea, and as I’m sure we will find, in China, yet Europeans continue to double down by betting again on socialism (in France) and communism (in Greece) in the elections of last week. What are they crazy? (Actually, maybe they are: check out my video preview of the show and the article I reference in that post: 40% of Europeans are reported to suffer mental illness!)
European Debt Crisis
If you haven’t been following the European Debt Crisis, the upshot is that the PIIGS (Portugal, Italy, Ireland, Greece & Spain) are already effectively bankrupt and other countries, including France, are not far behind. Despite this, France replaced it’s “conservative” President Nicolas Sarkozy with a socialist, Francois Hollande, as Hollande promised to spare the French people austerity and still somehow spare them bankruptcy. I don’t even think Hollande believes this is possible, but he will raise taxes in a last ditch effort to placate the masses that he’s doing everything he can to get them their free lunch.
Austerity vs. Liberalization
Frankly, although I am the most fiscally conservative person you could imagine (I think government expenditure should be $0!) I don’t think the austerity they are talking about in Europe would work anyway.

Ron Paul Responds To Elizabeth Warren! Plus Bonus: Is Ron Paul a Voluntarist?

On the show Saturday night I played a clip from Elizabeth Warren describing her vision of America, which is based on a socialist conception of government. Little did I know, Ron Paul responded to this very same clip on ABC News awhile back. [youtube=http://www.youtube.com/watch?v=7otK5NsuA4k] As an added bonus, here’s a video Eric Bigelow sent me (more…)

Documentary Review: An Inconvenient Tax

I have concluded that limited government is impossible. Once you give a government a monopoly over the use of force and the dispensation of justice as well as the ability to tax, it will always and everywhere grow beyond the limits originally set for it. The American Experiment is proof positive of this. The United (more…)