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 […]
Archives
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Please, let me pay more taxes!
18 Jul 2017
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From Russia with Love
12 Jul 2017
I don’t pretend to know what is going on in the Russia/Trump imbroglio, but we ought to have a bit of discussion on this, since its all the media will cover in the headlines. First, I will say that I think there is a lot of room for Christians to disagree on the seriousness of the […]
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Henry Hazlitt said: The art of economics consists in looking not merely at the immediate but at the longer effects of any act or policy; it consists of tracing the consequences of that policy not merely for one group but for all groups. The drumbeat gets louder daily about Amazon crushing retailers, and it is […]
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In a response to a recent post on the need for us to pray for the poor people of Venezuela, one poster suggested the problems weren’t socialism, but over-dependence on one export–oil. And since the price of oil has dropped so dramatically, that has caused the problems. While that is a superficial reason, one has to […]
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Venezuela is starving, please pray
05 May 2017
From today’s WSJ, Venezuela is starving (gated). No political economy discussion really needed here. The socialist experiment is turning Venezuela into North Korea, with all the attendant misery. This is potentially going to be worse than Syria. This is an unmitigated, albeit predictable, disaster. No need to discuss the issue as to why, just pray for […]
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Puerto Rico is trying to use a bankruptcy provision approved last year to ameliorate its $123B debt. Now this is important for many reasons but I just want to focus on one. This bankruptcy, and the potential of stiffing the bondholders, will be beneficial in the long run. Why? I mean, we all think […]
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Trumpian Tax Triumph?
29 Apr 2017
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 […]
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Thanks to our frequent critic Mr. Adams, we have the opportunity to think about how we deal with “facts” that go against everything we know to be true. When the latest scientific study comes out claiming that global warming is happening (despite no warming in the last 20 years), or that the minimum wage actually […]
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Paul Krugman, the Nobel Laureate economist who writes op-ed’s for the NYT’s, delights in ideological conflict with conservatives. And there are whole hosts of blog sites that routinely spar back with him, such as this Austrian post. So I generally disagree with him. Yet his post earlier this week has a lot of merit to it. […]
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Earlier this week we heard with great candor from former Democratic presidential candidate and U.S. Senator Bob Kerrey, expressing dismay at the Trump budget. Why? Cuts in the EPA? Cuts for Big Bird and PBS? No. Senator Kerrey is concerned about Mr. Trump’s unwillingness to do something about our biggest budget challenge–the runaway growth of […]
Bert Wheeler
Jeff Haymond
Marc Clauson
Mark Caleb Smith
Tom Mach