Taxation
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Do I Own What Is Mine?
“We should rethink the deference we give what may be the shortest, but not the least damaging weasel word in common usage today.” ~Gary M. Galles
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New Studies Show How Business Taxes Hurt Average Americans
“Congress’s new tax increases on business couldn’t come at a worse time: right when business is still recovering from the supply-chain shocks of the pandemic and wages fail to keep pace with inflation.” ~Jason Sorens
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Thomas Sowell, Social Justice Fallacies
“We might agree that ‘equal chances for all’ would be desirable. But that in no way guarantees that we have either the knowledge or the power required to make that goal attainable.” ~Gary M. Galles
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Wishful (Protectionist) Thinking
“Specialization and productivity increase when the market’s size extends across national borders. But tariffs reduce the extent of the market and thereby reduce specialization.” ~Paul Mueller
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Taxation as Social Justice
“The goal is not to raise revenue so we can support the poor; instead, the US is pursuing the simpler goal of eliminating private concentrations of wealth.” ~Michael Munger
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Thinking Harder about “Special” Benefits
“To the extent we believe in giving government assistance to those with incomes, we should trust them to love themselves and their families more than the government does and give them that aid in cash.” ~Gary Galles
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Orangeopia
“Perhaps an Orangeopian union or minimum wage can at least decrease income inequality, or maybe even increase the per capita standard of living?” ~Bruce Rottman
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State Development Incentives: Taxes, Investment, and Tullock Auctions
“State ‘incentive’ packages do more than pay companies the difference in costs. Politicians have every reason to pay up to, and beyond, the entire economic benefit to the state, because their calculus counts costs as benefits.” ~ Michael Munger
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The Floor System Fails
“During normal times, when inflation is low and stable, the floor system increases the burden on taxpayers. The burden is even larger when inflation is high, as it has been over the past two years.” ~ Louis Rouanet
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The Costly Late Arrival of FedNow
“Policy makers should ensure that the US payment landscape is efficient, accessible, and beneficial for all stakeholders involved with as little government involvement as possible.” ~ Nicolas Cachanosky
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•
Do I Own What Is Mine?
“We should rethink the deference we give what may be the shortest, but not the least damaging weasel word in common usage today.” ~Gary M. Galles
-
•
New Studies Show How Business Taxes Hurt Average Americans
“Congress’s new tax increases on business couldn’t come at a worse time: right when business is still recovering from the supply-chain shocks of the pandemic and wages fail to keep pace with inflation.” ~Jason Sorens
-
•
Thomas Sowell, Social Justice Fallacies
“We might agree that ‘equal chances for all’ would be desirable. But that in no way guarantees that we have either the knowledge or the power required to make that goal attainable.” ~Gary M. Galles
-
•
Wishful (Protectionist) Thinking
“Specialization and productivity increase when the market’s size extends across national borders. But tariffs reduce the extent of the market and thereby reduce specialization.” ~Paul Mueller
-
•
Taxation as Social Justice
“The goal is not to raise revenue so we can support the poor; instead, the US is pursuing the simpler goal of eliminating private concentrations of wealth.” ~Michael Munger
-
•
Thinking Harder about “Special” Benefits
“To the extent we believe in giving government assistance to those with incomes, we should trust them to love themselves and their families more than the government does and give them that aid in cash.” ~Gary Galles
-
•
Orangeopia
“Perhaps an Orangeopian union or minimum wage can at least decrease income inequality, or maybe even increase the per capita standard of living?” ~Bruce Rottman
-
•
State Development Incentives: Taxes, Investment, and Tullock Auctions
“State ‘incentive’ packages do more than pay companies the difference in costs. Politicians have every reason to pay up to, and beyond, the entire economic benefit to the state, because their calculus counts costs as benefits.” ~ Michael Munger
-
•
The Floor System Fails
“During normal times, when inflation is low and stable, the floor system increases the burden on taxpayers. The burden is even larger when inflation is high, as it has been over the past two years.” ~ Louis Rouanet
-
•
The Costly Late Arrival of FedNow
“Policy makers should ensure that the US payment landscape is efficient, accessible, and beneficial for all stakeholders involved with as little government involvement as possible.” ~ Nicolas Cachanosky