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
I have said many times before that the goal of the pro-tax left is not to raise the dinghies of the poor, but rather to sink the Yachts of the rich. Kay Bell sums it up in her post Taxes as a tool of economic equality (emphasis added): Americans are quite proud of, among other things, [...]
Tags: Politics of Taxes · Tax Policy · The Economy
Once again the left gets hoisted with its own petard in the tax debate. Alan Reynolds of the Cato Institute wrote an op-ed for the Wall Street Journal today in which he noted: A recent report from the Congressional Budget Office says, “The share of income received by the top 1% grew from about 8% [...]
Tags: Politics of Taxes · Tax Policy · The Economy
The tax-the-rich rantings of multi-billionaire Nick Hanauer are proof that you don’t have to be a genius in America to get rich. Here’s Hanauer writing for BloombergBusinessweek (emphasis added): I’m a very rich person. As an entrepreneur and venture capitalist, I’ve started or helped get off the ground dozens of companies in industries including manufacturing, retail, medical services, [...]
Tags: Politics of Taxes · Tax Policy · The Economy
Mark Cuban is a billionaire and a very smart guy, but his opinion that reducing corporate taxes does not create jobs is off the mark: Companies hire because they need people to compete and keep customers happy, not because of lower tax rates … . Bottom line is that while CEOs of public companies and financial engineers [...]
Tags: Corporate Tax · The Economy
