As published in the Winter Park/Maitland Observer, Thursday Jan. 3, 2012 Edition Offers... Read More »
Hayek on the Dangers of Socialism
You can put this post in the thick file labeled “why I favor small government and oppose high taxation.” F.A. Hayek tells us why socialism (i.e. central planning) inevitably leads to totalitarianism (emphasis is mine): Planning leads to dictatorship because dictatorship is the most effective instrument of coercion and, as such, essential if central planning on a large…
Read Full Article Categorized in: PhilosophyCase Closed: Trickle Down Policies Work
I recently wrote about the increasing American wealth gap here and here, but I never get tired of pointing out the stubbornness of class warfarists, so I’m giving it another go. Americans everywhere should be celebrating, rather than bemoaning the findings of a recent study by the Center on Budget and Policy Priorities (CBPP) that shows that the gap between…
Read Full Article Categorized in: Tax Policy, The EconomyGreek Entitlements End, Riots Ensue
“[Greece is a] real good example of what can happen if you don’t you get your financial house in order.” - Maria Bartiromo, MSNBC – When you continue to give a person benefits he has not earned he will eventually begin to believe he’s earned them. This, my friends, is the problem with increasing government entitlements. Once you give them, there’s no taking them…
Read Full Article Categorized in: News, The EconomyIncome Equality is My Goal, but Don’t You Dare Call me a Socialist
“I think when you spread the wealth around, it’s good for everybody.”¹ - Barack Obama – If you had any doubts about the collectivist designs of this administration, reading the fine print of Obamacare will assuage them. The New York Times reports that the newly enacted healthcare reform law is, in fact, a wealth redistribution bill: For…
Read Full Article Categorized in: healthcare reformOECD Recommends Tax Increases to Stimulate Growth
“I will cut taxes – cut taxes – for 95 percent of all working families, because, in an economy like this, the last thing we should do is raise taxes on the middle class.” – Barack Obama - You rarely see anyone, even Democrats, offer up the idea of tax increases as a solution to economic…
Read Full Article Categorized in: State Taxes, The EconomyHarry Reid Proposes More Confiscation via Taxation
“At the end of a century that has seen the evils of communism, Nazism and other modern tyrannies, the impulse to centralize power remains amazingly persistent.” – Joseph Sobran – Tax News.com tells of yet another tax-the-rich proposal from Democrat leaders: United States Senate Majority Leader Harry Reid is understood to be drawing up plans for a new…
Read Full Article Categorized in: healthcare reform, Tax PolicyMichael Moore Loves his Country Again
Is there anything, anything at all, that the hate peddler Michael Moore likes about his country? If there is, I’ve never heard him say it. Reuters writes about Moore’s new America bashing movie, Capitalism: A Love Story: Blending his trademark humor with tragic individual stories, archive footage and publicity stunts, the 55-year-old launches an all out…
Read Full Article Categorized in: Opinion, The EconomyWealth Redistribution In Extremis
Marilyn vos Savant is a national columnist and author who was listed in the Guinness Book of World Records for five years under “Highest IQ” for both childhood and adult scores. Marilyn is married to Robert Jarvik, the inventor of the artificial heart. Here is Parade Magazine’s Ask Marilyn column for Sunday, August 23, 2009:…
Read Full Article Categorized in: Tax PolicyTaxing the Rich, Closing the Wealth Gap and Collectivism Revisited
“There is nothing more unequal than the equal treatment of unequals.” – Thomas Jefferson – There’s always been a lot of talk from the left about how important it is to close the wealth gap between the rich and poor. The babel has intensified since last November when Obama won the White House and Democrats firmly seized Capitol Hill. …
Read Full Article Categorized in: OpinionIs AIG “Wrong” For Pursuing IRS Claim after Receiving Bailout Funds?
The Wall Street Journal reports in an article titled AIG’s Tax Dispute With U.S. has Twist of Irony that, American International Group Inc. is in a battle with the Internal Revenue Service over $329 million in back taxes and penalties in part stemming from the company’s use of a type of transaction the IRS has called…
Read Full Article Categorized in: Corporate Tax, Court Cases, Credits, Legislative Watch, OpinionWhat Obama’s Victory Says about American Taxpayers
In an article written today by Mike Godfrey titled US Taxpayers Put Faith in Obama Tax-News.Com summarizes what the Obama victory says about American taxpayers: The subheadings are mine, the blockquotes are Godfrey’s: American Taxpayers favor “wealth-spreading” The economy and taxation formed a key battleground in the race for the White House, with the Republican candidate John McCain proposing…
Read Full Article Categorized in: Legislative Watch, Tax Policy