Taxes and Spending

This article delves into the real cost of war as explained by Joseph Salerno in his book Money: Sound and Unsound. Contrary to Keynesianism, war destroys wealth and destroys an economy from within.

While Elon Musk and his DOGE team have made some highly-publicized “cuts” in federal spending, much of the federal budget has been hammered in stone for a long time. It will take fundamental changes in spending patterns to make a real difference.

Property taxes, by its critics, have correctly been described as unjust, regressive, and inefficient, in addition to having a disproportionate effect on lower-income homeowners who potentially have more of a struggle to pay them.

While Marxist progressives claim that “class conflict” is the source of social ills, the true conflict involves the tax-consuming caste using state power to plunder the productive tax-paying caste.

Within two months of operation, DOGE has generated sufficient savings to fully repay the debt owed to Mexico or Germany.

The entire existing trade system for milk is emblematic of governments’ convoluted intrusions into foreign trade and domestic protections.

President Trump claims that tariffs built American wealth. The truth is that tariffs cannot build wealth at all, only destroy it.

Organized labor, which long has been the bedrock of the Democratic Party, is being courted by the MAGA Republicans trying to bolster their image with the “working classes.” But labor unions are no true friend to the working class.

President Trump is levying high tariffs without consent of Congress, despite the fact that the US Constitution gives only Congress the power to set tax rates. It is time for Congress to stop redelegating its lawfully-delegated powers.

The Fed is losing record amounts of money, but in the magical world of money-printing, it‘s not a problem for the Fed. It‘s just a problem for the taxpayers.