โข
Economists Emmanuel Saez and Gabriel Zucman claim we need a 70% tax rate to stem inequality. Their argument derives from a misreading of U.S. tax history.
We rely on competitive markets to supply us with โcorrectโ quantities of goods and services ranging in importance from chewing gum to industrial chemicals, and from pedicures to petroleum. So why do we not rely on competitive markets to supply us with the โcorrectโ quantity of money?
Understanding their misguided political assumptions and the damaging economic consequences that would follow from their coming to power is essential if a โgreenโ road to serfdom is to be avoided.
โข
Imagine that a new university has been built, and you are on the committee charged with laying out the sidewalks. What would you do?
That number sums all the improper payments by what the government calls high-priority programs. If it makes your head spin, it should.
โข
Material acquisition and love of oneโs neighbor are harmonious. Itโs the combination of the two that makes up the driving force of economic progress.
โข
Find any biological trait, posit it as a collective interest, set that trait against all other traits, and then struggle for power and privilege; your outlook comes to be characterized by loathing and resentment against the collective guilt of everyone but yourself.
โข
When governments try to take responsibility away from consumers, they do more harm than good by teaching them they are vulnerable victims who should rely on regulators to tell them whatโs safe and whatโs not.
โข
Edward P. Stringham on BBC’s “Talking Business” โ Jan. 18, 2019
โข
Manufacturing output surged 1.1 percent for the latest month, pushing the 12-month gain to 3.2 percent and continuing a mild accelerating trend in place since 2016.
โข
Economists Emmanuel Saez and Gabriel Zucman claim we need a 70% tax rate to stem inequality. Their argument derives from a misreading of U.S. tax history.
We rely on competitive markets to supply us with โcorrectโ quantities of goods and services ranging in importance from chewing gum to industrial chemicals, and from pedicures to petroleum. So why do we not rely on competitive markets to supply us with the โcorrectโ quantity of money?
Understanding their misguided political assumptions and the damaging economic consequences that would follow from their coming to power is essential if a โgreenโ road to serfdom is to be avoided.
โข
Imagine that a new university has been built, and you are on the committee charged with laying out the sidewalks. What would you do?
That number sums all the improper payments by what the government calls high-priority programs. If it makes your head spin, it should.
โข
Material acquisition and love of oneโs neighbor are harmonious. Itโs the combination of the two that makes up the driving force of economic progress.
โข
Find any biological trait, posit it as a collective interest, set that trait against all other traits, and then struggle for power and privilege; your outlook comes to be characterized by loathing and resentment against the collective guilt of everyone but yourself.
โข
When governments try to take responsibility away from consumers, they do more harm than good by teaching them they are vulnerable victims who should rely on regulators to tell them whatโs safe and whatโs not.
โข
Edward P. Stringham on BBC’s “Talking Business” โ Jan. 18, 2019
โข
Manufacturing output surged 1.1 percent for the latest month, pushing the 12-month gain to 3.2 percent and continuing a mild accelerating trend in place since 2016.
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