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- Search found 11 items for:
- Fiscal Theory
- Taxes and Spending
- 2005
Mises Daily
Author:
Bert McLachlan
Online Publish Date:
Congress is treating the deficit as a big joke, but surely most people aren’t so stupid as to think that “deficit reduction” is really that. Congress has outspent its own income in 45 of the last 50 years, thereby running up deficits by over $5 trillion. But $4 trillion of those deficits were in just the last 20 years. And then President Bush’s
Mises Daily
Author:
Antony P. Mueller
Online Publish Date:
Social security is neither social nor secure. It is not social because the transfer system provokes the very dependency it is said to heal, and it is not secure because the comprehensive modern welfare system undermines economic prosperity. As a coercive system of transfers from the active to the inactive, from the saver to the consumer, and from
Mises Daily
Author:
Jeffrey A. Tucker
Online Publish Date:
Everyone has heard something described as a Rube Goldberg machine, and most of us know what this means: some crazy convoluted way of accomplishing a task that would otherwise be quite simple. That’s how Webster’s defines it. The phase most often applies to overly complicated software but it was also applied to the Clinton health care plan and
Mises Daily
Author:
Robert P. Murphy
Online Publish Date:
Now that the Bush Administration has wrapped up its sixty-stop, sixty-day campaign to bolster support for its Social Security proposal, the machinery is cranking in that great deliberative body, the U.S. Congress. The latest development is Bush’s suggestion to index benefits for wealthy retirees to prices (rather than wages), which is effectively
Mises Daily
Author:
Laurence M. Vance
Online Publish Date:
The Republicans are expanding the welfare state almost as much as they are increasing the warfare state. In a recent report from the Centers for Medicare and Medicaid Services , chief actuary Richard Foster predicts that the federal government will soon be paying for half the cost of all health care in the United States. A major contributing
Mises Daily
Author:
Laurence M. Vance
Online Publish Date:
Did you have to write out a check to the IRS for $5,581 this past April 15? If you had to do such a thing next year, would you think of it as your civic duty or would you consider it a crime that only the government could get away with? A Typical Taxpayer This figure of $5,581 is not an arbitrary one. According to the U.S. Census Bureau, real
Mises Daily
Author:
Laurence M. Vance
Online Publish Date:
Since my recent article on the evils of the withholding tax, I have been inundated with e-mails by supporters of the “ FairTax ,” including a request that I endorse “The Fair Tax Act of 2005” currently pending in the Congress. But like the calls for “fair trade” instead of “free trade,” the FairTax is a fraud because it is based on the fallacy
Mises Daily
Author:
Laurence M. Vance
Online Publish Date:
Review of The FairTax Book , by Neal Boortz and John Linder (Regan Books, 2005). Syndicated talk show host Neal Boortz and Congressman John Linder (R-GA) have joined forces to write a book on the FairTax Plan—a proposal to replace the current system of federal income taxes, corporate taxes, Social Security and Medicare taxes, capital gains taxes,