The Empire has us on the brink of nuclear Armageddon. The central bank has us flirting with economic-social collapse. Americans are increasingly paranoid of one another and simultaneously invested in wielding the state against one another.
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State and local governments raised $1.9 trillion in taxes in 2020. The main sources were sales taxes (35 percent), property taxes (32 percent), and individual income taxes (23 percent). But nine states do not impose an individual income tax. How do they run their...
What would the political left (and for that matter, the right) do if they found that one of the biggest factors in income inequality was not top income tax levels, but inflation? It might lead to a revolution and a grand coalition among people of ideologies across the...
Download Episode. Scott interviews the Libertarian Institute executive editor Sheldon Richman about a column he put out last Friday. In it, he discusses the massive boost Biden’s spending bill gives the IRS. Richman explains why strengthening tax enforcement will...
The brilliant people in the Biden administration and the U.S. Congress have decided that one thing America really needs is an Internal Revenue Service (!) fortified by 87,000 more employees and 80 billion more dollars so it can help reduce the inflation that currently...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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