Category Archives: Taxes

Deconstructing the “De-growth” Movement

Tom Rogan in the Washington Examiner wrote a very interesting piece on the new expression of an old idea–”degrowth.”  (see http://www.washingtonexaminer.com/the-far-left-has-an-idiotic-new-craze-reduce-economic-growth/article/2631274).  He leads with these words: “Even the Soviets sought to maximize economic output. But today’s contemporary far-left are far bolder: they believe that economics itself is wrong.”  He writes further, “From their perspective, government shouldn’t simply control the means of economic production (socialism), it should actively work to reduce gross domestic product (GDP).”  Yes, you read that correctly.  The… Continue Reading ››

The Latest in the Obamacare Saga: Iteration Number x+……

I have refrained from writing about health care recently until I could get a better handle on what would happen.  It seems I now have a better handle–for now at least.  The Senate bill or its iterations was likely doomed to failure for this reason:  There were and are at least three factions at cross-purposes: Moderate Republicans Democrats (almost all) Conservative Republicans We knew the Democrats would vote more or less as a bloc.  But the problem was the Republicans.… Continue Reading ››

The “Better Deal” is Another Raw Deal

The Democratic Party, recognizing that it has lost touch with many of its former constituents, rolled out its “Better Deal” this week in Virginia.  We have now had Teddy Roosevelt’s “Square Deal,” Franklin Roosevelt’s more famous (or infamous) “New Deal,” Harry Truman’s “Fair Deal,” and now the latest “deal” for the American people.  All of these deals by the way were proposed by Liberal/Progressives, coincidentally or not.  As we should let’s look at this new proposal.  To provide a little… Continue Reading ››

Please, let me pay more taxes!

And it must be compulsory, through taxation, as government is “what we do together.”  So this past week we saw Seattle pass an income tax (which may be unconstitutional), amid the cry of its citizens to be allowed to pay their fair share. …backers of the measure rallied supporters, including software developer Carissa Knipe, who told the council before its 9-0 vote on Monday that she earns more than $170,000 and endorses the tax measure.  “Seattle should serve everyone, not… Continue Reading ››

Making Cities “Great” Means Making People “Great”

I just returned from a visit with my mother in my (and her) home city, Huntington, West Virginia.  We drove by way of Portsmouth, Ohio.  Both cities are in “flyover country” and both have suffered from the heavy (and likely irreversible) loss of manufacturing jobs.  To give you an idea of the losses, Huntington has dwindled from about 90,000 residents in 1960 to about 45,000 today.  Even accounting for suburban flight, that is a big loss–and the suburbs haven’t grown… Continue Reading ››

President Trump’s Budget: Neither Great nor Terrible

A reader asked me to post something on President Trump’s proposed budget to Congress.  Opinions have varied as to whether this budget is the apocalypse on one end or the second coming on the other, and pretty much every nuance in between.  As with most budgets–though you may not remember the last one, since it has been some time–this one is only a prospective declaration of a vision embodied in numbers.  There is no likelihood it will be adopted as… Continue Reading ››

Trumpian Tax Triumph?

Mr. Trump unveiled his tax plan earlier this week, and there was something for almost every conservative to like.  Our current obscene corporate tax rate of 39% is the highest among industrial nations (only exceeded by Chad and the UAE), but doesn’t yield all that much revenue, so Mr. Trump proposes drastically reducing it to 15%.   As shown in the figure above, that would put the U.S. slightly more competitive than the average country, instead of being the most… Continue Reading ››

What Will Congress Do About Obamacare?

What is going on with Obamacare, otherwise known as the Affordable Care Act?  Spirits were high about quick action in the House and even the Senate.  Ideas have not been lacking—there are several plans out there to replace the present law.  The obstacle seems to be the usual collective suspect—politicians and their obsessive worry about re-election.  It is simply a fact of life that politicians generally want (desperately?) to be re-elected once in office.  That is not likely to change,… Continue Reading ››

The City of Man

I am sitting in the San Antonio airport, waiting for my flight back home, reflecting on an excellent Values and Capitalism retreat here and–the subject of this blog–my walk yesterday.  My goal was to walk to a bookstore about two miles from my downtown hotel.  I had mapped it out using Googlemaps and set out for what I thought would be about a 20 minute trip one way.  37 minutes later I realized I had gone too far and had… Continue Reading ››

The Pernicious Income Inequality of Federal Employees

In an article from CNS News dated December 16, 2016, we have the new but predictable Census Bureau statistics on median income for households in counties of the United States.  The first four richest counties are, …, you guessed it, all in the Washington, DC area, and range from about $99,000 per year to $122, 000 per year (see http://www.census.gov/did/www/saipe/data/highlights/2015.html).  That is more that twice the United States Average of around $55,000.  Nine of the top twenty counties are in… Continue Reading ››