income tax

You Can Check-Out Anytime You Like, But You Can Never Leave

New California wealth tax proposal raises taxes on total net worth of wealthy California residences. But, what if they decide to leave the State? No problem. Economic impacts: Will ultra-wealthy CA residents leave the state? As mentioned above, the California share of all US millionaires and billionaires has increased over the last decade in spite of the 2012 high income surtax. Therefore, we are still far from a tipping point. The wealth tax bill is also structured in such a way CA wealthy residents who leave still have to pay the extreme wealth tax on a fraction of their wealth for up...

Three Friends And Their Divergent Paths In Life

Three Men Sitting On Veranda 1194412

This recollection is based on a true story. There were three friends, each were a little different to the other. As young boys the three began to mature into different people; John was lazy and he grew rounder as the others began to grow broad shoulders. While they played sport he would watch and criticize the other players. John loved his friends but he really was not as interested in participating in any of the harder activities like they were. David was smart, he was cunning and always interested in schemes and scenarios that benefited himself. He loved to play tricks on the others,...

The Great Sheldon Richman

I am so proud that Sheldon Richman agreed to co-found The Libertarian Institute with me and Will Grigg back in 2016. He is one of the all time greatest and most productive libertarians, having written thousands and thousands of articles and written and edited more than a few books, including for homeschooling and gun rights, and against income taxation and the Constitution. This year the Institute was proud to edit and publish his latest book, Coming to Palestine, a wonderful collection of Sheldon's essays on the real history of the creation of the state of Israel and their destruction...

Episode 348: Which State is at the top, or close to, in Business and Tax Rankings?

32 Minutes Suitable for All Ages Pete welcomes New Hampshire FSP Board Chair, Carla Gericke. Carla comes on to talk about how New Hampshire is now #1 in taxes (with no sales or personal income tax), how their business tax is declining quarterly, how business-friendly it is with deregulation as well as recently abolishing the death penalty. They talk about that, and more! Free State Project Sign-Up State Business Tax Climate Index The NH Economy Donate at the Libertarian Institute Pete's Link to Sign Up for the LP Lions of Liberty Podcast Link to Richard Grove's Autonomy Course Pete's...

Warning: Actual Costs of Government Programs Higher Than Advertised

As outrageous as the price tag promised to us for initiatives like Elizabeth Warren’s healthcare plan, Bernie’s ‘Medicare for All’ plan, or AOC’s ‘Green New Deal,’ history tells us the actual cost to taxpayers would be far higher. In its first year, Medicare cost $3 billion, and as reported by Reason Magazine, “The House Ways and Means Committee estimated that Medicare would cost only about $12 billion by 1990 (a figure that included an allowance for inflation).” The actual price tag in 1990? $107 billion, a full nine times the original projection. Similarly, Medicaid – the jointly funded...

More Money Pumping Won’t Make Us Richer

Whenever a central bank introduces easy monetary policy, as a rule this leads to an economic boom — or economic prosperity. At least this is what most commentators hold. If this is however the case then it means that an easy monetary policy can grow an economy. But loose monetary policies do not generate economic growth. These policies set in motion the diversion of real savings from wealth generators to the holders of the newly pumped money. Real savings, rather than supporting individuals that specialize in the enhancement and expansion of the infrastructure are consumed by various...

Proof That “the Rich” Aren’t Going to Fund the Tidal Wave of New Spending

So, $47 billion on free college tuition; $1 trillion for new infrastructure; $1.4 trillion to write off student loan debt; at least $7 trillion on a Green New Deal; $32 trillion on “Medicare for All.” By one estimate, these new spending proposals total an estimated $42.5 trillion over the next decade. And this is on top of federal budget deficits, which are projected to rise from $779 billion to $1.37 trillion annually over the same period. Who is going to pay for all this? "The Rich" Won’t Pay for It All “The rich” is one currently popular answer. New York’s high-profile Rep....

A Modest Proposal For National Discontent

How about the South and Mountain West each become an independent nation "in free association" with the US? https://en.wikipedia.org/wiki/Marshall_Islands The deal is: you get to control immigration, taxes, trade (excepting ITAR - arms trade), but can have no military.  Citizens of the two territories can elect to voluntarily submit income taxes to the IRS, and in return can become eligible for a US passport. I think the Empire will always be a stumbling block on the road to political diversity in American domestic politics.  However, as the Empire - and the left - centralizes, why not...

Roving Bandit, Stationary Bandit, and Income Tax

Many libertarians have embraced the slogan “taxation is theft.” I myself think it is more precise to say that taxation is extortion. But even saying that fails to capture how egregious taxation really is, especially income taxation. When a mugger or a home invader accosts you, he points a gun at you or waves a knife in your face and demands your wallet or some other property. In most cases, if you surrender your property to him as he demands, he takes it and flees, and you will most likely never see him again. He is, in the classic phrase, the roving bandit. In contrast, the state is, in...

The Income Tax Implies that Government Owns You

The income tax is enshrined into law but it is an idea that stands in total contradiction to the driving force behind the American Revolution and the idea of freedom itself. We desperately need a serious national movement to get rid of it – not reform it, not replace it, not flatten it or refocus its sting from this group to that. It just needs to go. The great essayist Frank Chodorov once described the income tax as the root of all evil. His target was not the tax itself, but the principle behind it. Since its implementation in 1913, he wrote, "The government says to the citizen: 'Your...

News

News Roundup 6/28/2022

US News The Biden administration, reacting to a federal court ruling in Texas, has suspended an order that had focused resources for the arrest and deportation of immigrants on those who are considered a threat to public safety and national security. [Link] A record...

News Roundup 6/27/2022

US News An Afghan prisoner who was held in US custody for nearly 15 years without charge was released from the Guantanamo Bay detention center and returned to Afghanistan. [Link] Ukraine War  President Joe Biden said Sunday that the Group of Seven will ban Russian...

Blog

Climate Lockdowns Are Here

  In a development that has been widely broadcast for decades (to those tuned to the correct frequency), Western countries have begun implementing the next step in the government-by-emergency manual. Indeed, once the public allows government to immolate its...

Substantive Due Process

[T]he conservatives reject substantive due process, which they see as a contradiction in terms that authorizes judges to legislate. If the term sounds odd, it would be odder still to dismiss the idea. As Roger Pilon writes, “By ‘law’ [in due process of law] the...

The Antiwar Comic: The War on Bodies

How quick they switch to the current thing. For more comics, visit The Webcomic Factory. Also, check out my latest book, The Pineys: Book 9: The Witch Hunter Piney.

Ending the Yemen War

There's a Resolution in the House, HJ Res 87, a War Powers Resolution demanding an end to all support for Saudi and UAE's war in Yemen. The new Libertarian Party is working with all the great Yemen war activists to do a pressure campaign on Congress to support it....

The Libertarian Party is Beating the Drums for Peace

For the people turning 21 this fall, America has been at war their entire lives. The Global War on Terror has reached its second generation of soldiers. Defense spending and the global presence of the U.S. military and armaments continue to proliferate. The...

The Scott Horton Show

6/27/22 Dave Decamp on Ukraine, NATO and Antiwar.com

 Download Episode. Scott interviews Antiwar.com News Editor Dave Decamp about the recent developments in Eastern Europe. First, they examine Lithuania closing the easement into Russia’s Kaliningrad territory. The move is a dramatic escalation that Scott and Decamp...

6/20/22 Ramzy Baroud on Israel, Palestine and Mali

 Download Episode. Scott is joined by journalist and author Ramzy Baroud to discuss the deterioration of Israeli Politics and the war in Mali. Israel will hold its fifth election in four years after yet another failure to form a government. Baroud gives some...

Conflicts of Interest

COI #294: The NYT Reveals CIA Officers are Operating in Ukraine

On COI #294, Kyle Anzalone discusses the White House ramping up great power conflict with Russia and China.   Odysee Rumble  Donate LBRY Credits bTTEiLoteVdMbLS7YqDVSZyjEY1eMgW7CP Donate Bitcoin 36PP4kT28jjUZcL44dXDonFwrVVDHntsrk Donate Bitcoin Cash...

Don't Tread on Anyone

6 Progressive Myths About History (w/ Lawrence W. Reed)

https://youtu.be/HsXj83JNUb4 In May 1939, Treasury Secretary Henry J. Morgenthau Jr., one of Franklin Roosevelt's best friends, testified before the House Ways and Means Committee: "I say after eight years of this Administration we have just as much unemployment as...

Liberty Weekly Podcast

Proxy Wars…The Punishment Due Ep. 221

https://youtu.be/51gBx3rE7zw In this week's episode, I take the audience on an even deeper dive into my most recent piece for the Libertarian Institute. Episode 221 of the Liberty Weekly Podcast is Brought to you by: LibertyWeekly.club Join my membership and...

National Review Senior Editor Turns Rothbardian Ep. 220

https://youtu.be/sJXF9jgj1L4 Managing Editor of the Libertarian Institute and longtime friend and guest of the show Keith Knight joins me in this week's episode to review an article by Joseph Sobran. Sobran was the Senior Editor of the National Review, but questioned...

Patrick MacFarlane on the Hrvoje Moric Show Ep. 219

https://youtu.be/yI1ND-TJR8g This week's episode is a mirror of my recent appearance on the Hrvoje Moric Show on Tnt Radio. We discuss the war in Ukraine, China, and the brave new world we are sleepwalking into. Hrvoje is the host of Geopolitics and Empire Podcast....

Empire of Death: America’s Moral Bankruptcy Ep. 218

https://youtu.be/7yZEk73JdVo In this episode, I take a deeper dive on my latest editorial up at the Libertarian Institute, share my experience at Chillderburg, introduce my new newsletter website, and thank several outlets that have started reprinting my Libertarian...

Year Zero

Nihilism w/Buck Johnson

Buck joined me to discuss Nihilism by Fr Seraphim Rose. Nihilism is an interesting critique of liberalism that walks through the stages of societal degradation. Fr Seraphim determines that the replacement of an objective truth with relative truth sends the world into...

A Deep Dive w/Monica Perez

Monica Perez joined me for an in depth conversation on culture, religion, ESG, WEF, the future, and how the 21st Century is different than the 20th Century. Monica Twitter Discord Libertarian Institute 19 Skills Pdf Autonomy Course Critical Thinking Course Donate...

Love and Fear w/Courtenay Turner

Courtenay and I talk ESG, intentional communities, motivations, elites, and the future. Courtenay Twitter Courtenay Turner Podcast Discord Libertarian Institute 19 Skills Pdf Autonomy Course Critical Thinking Course Donate Patreon...

Shadowy Figures Surrounding 9/11 w/Adam Fitzgerald

Adam Fitzgerald joined me to discuss the less talked about aspects of 9/11. We spent most of our time discussing the characters involved and around the event. We could have gone for hours on this subject, but as you will hear, I hit a wall at the 2 hour mark. Adam...

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