Bruce Bartlett writing for the New York Times in Will Rich People Desert the U.S. if Their Taxes Are Raised? says: In recent years, the number of Americans renouncing their citizenship has increased. According to the international tax lawyer, Andrew Mitchel, the number of Americans renouncing their citizenship rose to 1,781 in 2011 from 231 [...]
Tags: News · Politics of Taxes · State Taxes · The Economy
Economist Robert Frank writing for the Wall Street Journal Wealth Report asks Do the Wealthy Work Harder Than the Rest?: One of the most controversial issues surrounding inequality is work effort. Some on the right argue that top earners are successful in part because they work harder than others. Many on the left argue that [...]
Tags: The Economy
I found something on Greg Mankiw‘s blog that seems to explain why so many Americans bought homes and signed mortgages they could not afford thereby causing the housing crisis: In today’s NY Times, Robert Shiller reports: Even after taking into account factors like income and education, the authors concluded that people with relatively high I.Q.’s typically [...]
Tags: Philosophy · Politics · The Economy
Listen to left-lurching tax law professor and tax blogger Linda Beale wax indignant about Greece’s austerity program (emphasis is mine): The austerity demands, in order for a sovereign nation to pay back its debt to mostly big banks that lent money recklessly in the leadup to the financial crisis, make no sense at all. If [...]
Tags: Politics · Politics of Taxes · The Economy
A fellow named Charles Sykes has written a new book titled A Nation of Takers: America’s Addiction to Getting Something for Nothing. In the first pages of his book Sykes presents a few scenes from what he calls “Moocher Nation.” Here’s my favorite scene: Q. Why are you here? A. To get some money Q. What [...]
Tags: Politics · Politics of Taxes · The Economy
In his post Lying About Tax Myths Professor Maule responds point by point to my recent post More Lies About Tax Lies. I have published Maule’s entire post below. After each of his assertions, I give my rebuttal. 1. Maule’s Assertion: Peter Pappas is at it again. My Rebuttal: I agree, I am at it again. “It” being the [...]
Tags: Politics of Taxes · Tax Policy · The Economy
Tax law professor and blogger Linda Beale chimes in on the Inequality Tax: I’ve often argued here that vast inequality is harmful to democracy, and that the kind of unequal society that we have today, reflected the Gilded Age of yore, is especially worrisome. Much of what is happening in this country that threatens freedom [...]
Tags: Politics of Taxes · Tax Policy · The Economy
