We have referred to Ms. Warren and Ms. Tyagi”s book, The Two Income Trap, rather often in these pages. When Obama wanted to appoint her consumer czar, she was attacked. Here is Christopher Caldwell, of the neocon magazine The Weekly […]
Economics
Raise Revenues by Reducing Taxes?
Now, Ramesh Ponnuru, long time of National Review, sees it. And Pawlenty is still convinced we are above the tip of the Laffer Curve, and that there are more revenues to be got by reducing taxes. This is debatable. Related: […]
This President Triangulates the Debt
Obama has been willing, in his desperation, to reform Social Security. Like Clinton and Welfare Reform. Maybe the Republicans forced him to it, but you could say the same of Clinton. And maybe only Obama could have taken on Social […]
Who is tossing whom over a cliff?
This column by Chris Laureys of New Jersey is one of the best I’ve ever seen on the distortions of our current welfare state. Related: “Who is tossing whom over a cliff?” by Chris Laureys at USAToday.com
Once Again, the Laffer Curve Curves
Michael Barone, whom I usually respect, confuses, like most Republicans, the issue about tax rates. Yes, when Kennedy cut the top rate from 90% to 70%, federal revenues did actually go up. And when Reagan cut the top rate to […]
David Stockman, Again
In this article, David Stockman, although both a hard-money man and a social liberal, comes out against continuing the G. W. Bush tax cuts! Read it to find out why. Related: “The Triumph of Politics Over Economics” by Nick Gillespie […]
2011 is not 1995
I confess that I was hoping that 2011 would be 1995. After all, we had just climbed out of a serious recession in the earlier part of that decade – dwarfed by the more recent one of course, but big […]
The Triumph of Politics Over Economics
In this article, David Stockman, although both a hard-money man and a social liberal, comes out against continuing the G. W. Bush tax cuts! Read it to find out why. Related: “The Triumph of Politics Over Economics” by Nick Gillespie at Reason.com
For and Against the Negative Income Tax
Two different perspectives on the negative income tax, a less bureaucratic substitute for the Earned Income Tax Credit. Guy Sorman is for, Jim Manzi is against. I’m not sure where I stand. (Don’t you welcome a little ambiguity for a […]
OASDI Taxes Are Also Unconstitutional
If this court is right, OASDI taxes are also unconstitutional. If it is upheld, I will so interpret. And the payroll tax is far more ‘regressive’ than the income tax. On the other hand, I am fine if we want […]