Tax Lawyer's Blog

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, [...]

Bookmark & Share:

[Read more →]

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% [...]

Bookmark & Share:

[Read more →]

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, [...]

Bookmark & Share:

[Read more →]

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 [...]

Bookmark & Share:

[Read more →]

Don Surber of DailyMail reports that 60% of Americans want to see accross the board spending cuts: One good thing about overspending by $4 trillion since Barack Obama become president: It eliminated all the sacred cows. An overwhelming majority not seen in 39 years wants every federal government program to have its budget cut. Every [...]

Bookmark & Share:

[Read more →]

Here’s Megan McArdle of The Atlantic on income inequality: I don’t care about income inequality. I care about the absolute condition of the poor–whether they are hungry, cold, and sick. But I do not care about the gap between their incomes, and those of Warren Buffett and Bill Gates. Nor the ratio of Gates and Buffett’s incomes to [...]

Bookmark & Share:

[Read more →]

Don’t tell the propagandists of the pro-tax, pro-union, pro-big government crowd this but the red states (you know, the ones with all of those toothless conservative rednecks in them), and their low tax, pro-business policies regularly out-perform the blue states and their high tax, pro-union policies. John Hinderaker of PowerLine has the story (emphasis added): Today, we have [...]

Bookmark & Share:

[Read more →]