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Gasoline Tax Hike? Get Lost!

Written by Gary North on January 13, 2015

The three best nations on earth for low gasoline taxes are Mexico, the United States, and Canada, in that order. This drives liberals crazy. They want higher taxes. They aren’t getting them here. So, the wailing goes on. It’s not fair! There should be higher gasoline taxes! Now that oil has fallen in price by […]

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$3 Trillion to Topple Saddam

Posted on January 8, 2015

The costs of the 2003-2010 Iraq War are often contested, as academics and critics have unearthed many hidden costs not represented in official estimates. The most recent major report on these costs come from Brown University in the form of the Costs of War, which totaled just over $1.1 trillion. The Department of Defense’s direct […]

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Tax Hikes Needed to Pay for Pensions/Health

Posted on December 24, 2014

tax-hikes

The city of Lebanon, Pennsylvania just passed a budget that contains a 28 percent tax increase. . . Lancaster’s pension obligations have increased by 228 percent since 2006. That year, city pension obligations amounted to $1.9 million, covered almost entirely by the state. For 2015, the obligations will be $6.4 million — nearly $4 million […]

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France’s 75% Income Tax Will Not Be Renewed

Posted on December 24, 2014

francois-hollande

When President Francois Hollande unveiled a “super-tax” on the rich in 2012, some feared an exodus of business, sporting and artistic talent. One adviser warned it was a Socialist step too far that would turn France into “Cuba without sun”. Two years in, with the tax due to expire at the end of this month, […]

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IRS Threatens Symbolic Shutdown. Make It Real!

Posted on December 19, 2014

IRS-shutdown

The IRS is considering its own temporary shutdown due to recent budget cuts enacted by Congress, its chief said Thursday. IRS Commissioner John Koskinen said furloughs — forced unpaid days off for employees as part of an IRS closure — is one idea reluctantly being tossed about to save money, though they are hoping they […]

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The ObamaCare Tax: Fooling the Rubes Once Again

Written by Robert Murphy on December 11, 2014

Near the end of his treatise on economics, Ludwig von Mises wrote: There is no means by which anyone can evade his personal responsibility. Whoever neglects to examine to the best of his abilities all the problems involved voluntarily surrenders his birthright to a self-appointed elite of supermen. In such vital matters blind reliance upon […]

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White House Stonewalls on Releasing IRS Files

Posted on December 4, 2014

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Less than a week after ’fessing up that it found some 2,500 documents potentially showing that the IRS shared taxpayer returns with the White House, the Obama administration has reversed course and won’t release the trove to a group suing for access. In an abrupt decision, the Treasury inspector general’s office said that the documents […]

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Sales Taxes vs. Corporate Profits

Posted on December 3, 2014

sales-tax

By Mark Perry For every $100 in sales, the average discount retailer like Walmart and Target earns $3.10 in profits, while the average take for the states with state and local sales taxes is more than twice that amount — almost $7, based on the 6.94% average sales tax rate for the 46 states that […]

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The $5 Million Retired Cop

Written by Gary North on November 21, 2014

cops

So, you think America’s local governments are not going to go bankrupt. Think again. When Bobby Deal retired from the Jacksonville Sheriff’s Office last month, he did so with the promise of a nest egg worth at least $4.9 million, a sum he’ll be paid over the next 25 years. Deal now earns nearly 50 […]

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Another Krugman Kontradition: New Taxes, Yes and No

Written by Robert Murphy on November 20, 2014

I coined the term “Krugman Kontradiction” to refer to the Nobel laureate’s tendency to lead his readers in one direction on an issue, then do a total about-face when circumstances make that convenient, while whipping up a new set of assumptions and emphases in his economic analysis so as to reconcile the switch. I’ve got […]

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