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Pluralism and Tax Exemption

Written by Gary North on February 6, 2016


The fat is now in the fire. A group has taken the Catholic Church into Federal court to protest its tax exemption. The reason? The Church has taken a public stand against abortion. The abortion issue is political, and therefore involves legislation, the plaintiffs assert. The Internal Revenue Code says that tax-exempt organizations that are […]

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Tariffs: The Preferred Tax of Masochists

Written by Gary North on January 30, 2016


If I were to come to you and say “What this country needs is higher taxes in order to make us all rich,” you would correctly conclude that I had lost my mind or my principles. But if I were to come to you and say, “What this country needs is higher tariffs to make […]

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Why I Was Inoculated Against Powerball Fever

Written by Gary North on January 16, 2016


As a matter of principle, I do not gamble. There is a theological reason for this. It is the doctrine of the sovereignty of God. Calvinists have opposed gambling for centuries. Gambling assumes that God is not sovereign; rather, either chance is sovereign or the law of large numbers is sovereign. Neither is sovereign. So, […]

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Sliding Down Laffer’s Curve

Written by Gary North on November 28, 2015


I favor flat taxes: the principle of the tithe. There is no “graduated tithe.” The tithe is good enough for God. Ten percent should be more than enough for all the imitation gods — combined — that want to get their hands into our wallets. I favor direct flat taxes on real estate, but only […]

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Economic Inequality: Jesus vs. Rev. Jim Wallis

Written by Gary North on October 24, 2015


Economist Vilfredo Pareto announced a discovery in 1897: about 20% of the families in Italy owned 80% of the land. He went on to study the distribution of wealth in other Western European nations. The same distribution held true. Subsequent studies of national economies have revealed the same distribution, no matter what their politics are. […]

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How to Save a Dying City in Four Steps . . . Or Maybe Five

Written by Gary North on October 17, 2015


Detroit and Chicago are models of urban failure. The decline of both cities visibly began around 1960. That was when a decade of Democratic control merged with the federal government to turn these cities into welfare state disasters. This had begun in the New Deal. But it took a quarter century for the process to […]

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Bitcoins and the IRS: Walmart’s Problem

Written by Gary North on October 10, 2015


It’s time for me to revisit the story of bitcoins. As you may have noticed — or not have noticed — you don’t hear much about bitcoins these days. A bitcoin used to be worth about $1100. These days, it is worth $250. The price has settled into this range for most of the year. […]

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