FairTax 4: Losses

FairTax

Tbe original poster wrote: “As a side-issue vaguely related to this, does anyone else detect a surge in the entrepreneurial spirit with people coming up with new ideas, putting them up on kickstarter, getting prototypes made through 3D printing or other means of manufactury, and not having to go through major corporations?” No. (I explained.) […]

FairTax 3: Draft and Poor Cards

FairTax

The discussion ranged to include a possible permanent exemption from income tax for those who have served: “It COULD be a great incentive to get people to join, since we don’t have a draft.” […]

FairTax 2: Incentives

FairTax

Another commenter in the FairTax discussion, and my reply:

[Y]ou’d expect conservative media to support a policy that shifts the tax burden off the rich – the opposite is the case. The Wall Street Journal ran a piece not so long explaining why “fair” tax is an bad idea. It was unexpected to say the […]

FairTax 1

FairTax

A discussion I’m involved in on the MENSA site had one member independently think up the idea of replacing the income tax with a sales tax. He and I are very far apart politically (something he noted during the discussion), but I agree with him on this. There has been a proposal that is continually refined to accomplish exactly this, and it would end the IRS for good. Here’s their website, FairTax.org. And then the arguments started… One commenter needed the IRS: […]

Gas Attack

OilPrices

Charles Krauthammer has written favorably of adding more taxes to the cost of gasoline:

For 32 years I’ve been advocating a major tax on petroleum. I’ve got as much chance this time around as did Don Quixote with windmills. But I shall tilt my lance once more.

NB: 32 years ago, Dr. Krauthammer was […]

Presidential Economy

economy

Do presidents really have an effect on the US economy? That question was put to me. Here’s my reply. The Clinton era was an utter and complete financial disaster — to the point where Republicans won the midterms in a landslide, and were able to force through tax reductions and other Federal constraints. […]

The Lochner Era

Bakery

The Lochner Era is a period of time in the history of the Supreme Court of the United States (SCOTUS) from 1905 to 1937. This period is described as horrible judicial conservative activism by progressives, and some nominally conservative folks too. Others describe it as a valiant defense of the Constitution and free enterprise from the rise of virulent progressive regulatory schemes. I’m in the latter category. […]

Paul Ryan’s Budgets

Paul Ryan, Republican representative from Wisconsin and the 2012 Republican candidate for vice president, is considering a run for president in 2016. Perhaps I should be happier about this, but I have some problems with Congressman Ryan… […]

Minimum Wage, Maximum Impact

MinimumWage

I was challenged in another forum recently because I had indicated that fewer than 5% of the workforce was at minimum wage. She had heard differently: […]

Communist Failure Equals American Success

SocialistParty

The communists at SocialistWorker.org are heartbroken, as right-to-work laws are allowing workers to make a choice about whether or not to join the union. And most horribly of all (in their minds it is “a nightmare”), people are investing and opening businesses and creating jobs as a result: […]