Over at Reason, Christian Britschgi reports on one of the unfortunate choices that faced San Franciscans in this week’s vote–whether to increase a business receipts tax by ~500 or ~1,000 percent.
As I write this, it’s too close to call and more votes are coming in, but it’s possible that San Franciscans might end up declining them both. Here’s hoping.
Restricting Production
"At the bottom of the interventionist argument there is always the idea that the government or the state is an entity outside and above the social process of production, that it owns something which is not derived from taxing its subjects, and that it can spend this...